This week, 14 Indian startups raised funding of about $171.3 million. Mintifi and Zetwerk were the top fundraising startups and scooped up $110 and $12 million, respectively. Last week, the fund inflow in the Indian startups stood at $56 million, which was also the lowest funding in a weekly roundup in 2023.
Meanwhile, the funding of one of the total funded startups remained undisclosed.
This week, five growth and late startups raised funding. Mintifi led the pack with its $110 million Series D raise followed by Bira 91’s $10 million round and Zaggle’s $6.2 million debt round.
Details of 14 funding rounds can be found here.
As many as nine early-stage startups have raised funds, including one undisclosed round. Gaming startup Fantasy Akhada was at the top with its $11 million Series A round. The list also features GreyQuest, Pidge, Probus, and Houseware, among others.
City and segment-wise deals
This week, Delhi-NCR-based startups dominated the funding chart. According to Fintrackr’s data, 5 Delhi-NCR-based startups raised funds this week amounting to $29 million or 18.2% of the total funding. During the week, Bengaluru-based startups raised $17.3 million across three deals.
The complete breakdown of deals across cities and segments in the first half can be seen below:
SaaS and E-commerce (including D2C brands) startups led in terms of the number of deals and amount raised. Supply chain and gaming startups were next on the list.
While there is a decline in layoffs in startups in the past few weeks, upGrad let go 30% of its total workforce.
*Back next week with another deal roundup