Funding and acquisitions in Indian startups this week [13-18 Mar]

This week, 23 Indian startups raised funding of about $857 million. Lenskart and PhonePe were the top fundraising startups and scooped up $500 and $200 million, respectively. Last week, the fund inflow in the Indian startups stood at $171 million. 

Meanwhile, the funding of three of the total funded startups remained undisclosed. 

Growth/late-stage deals 

This week, six growth and late startups raised funding. Lenskart led the pack with its $500 million round followed by PhonePe’s $200 million round and HealthPlix’s $22 million Series C round. 

Details of 23 funding rounds can be found here.

Early-stage deals 

As many as 17 early-stage startups have raised funds, including three undisclosed rounds. Online visa startup Atlys was at the top with its $12 million Series A round. The list also features T.A.C, One Impression, Gynoveda, and BuyStars, among others.    

City and segment-wise deals    

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 11 Bengaluru-based startups raised funds this week amounting to $276.5 million or 34.25% of the total funding. During the week, Delhi-NCR-based startups raised $502.4 million across three deals.

The complete breakdown of deals across cities and segments in the first half can be seen below: 

E-commerce (including D2C brands) startups led in terms of the number of deals and amount raised. Healthtech, fintech and deeptech startups were next on the list.

Fund launches 

This week also saw one fund launch by Rockstud Capital worth Rs 300 crore to back indian startups. 

Acquisitions

Apart from fundraising, the week also saw one acquisition of healthtech startup ParentLane by Acko.