funding

Funding and acquisitions in Indian startups this week [20-25 Mar]

funding

This week, 15 Indian startups raised funding of about $195 million. Stashfin and Charge+Zone were the top fundraising startups and scooped up $100 and $54 million, respectively. Last week, the fund inflow in the Indian startups stood at $857 million

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

Growth/late-stage deals 

This week, three growth and late startups raised funding. Stashfin led the pack with a $100 million round followed by IndusGo’s $12 million round and Mystifly’s $8 million pre-Series B round. 

Funding

Details of 15 funding rounds can be found here.

Early-stage deals 

As many as 11 early-stage startups have raised funds, including two undisclosed rounds. EV startup Charge+Zone was at the top with its $54 million Series A round. The list also features Sukino Healthcare, Sorted and Reveal Healthtech among others.    

City and segment-wise deals    

This week, Bengaluru-based startups dominated the chart. According to Fintrackr’s data, 7 Bengaluru-based startups raised funds this week amounting to $22 million or 11.3% of the total fund inflow. During the week, Delhi-NCR-based startups raised $107 million across four deals.

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

funding

Fintech startups led in terms of the number of deals and amount raised. SaaS,  E-commerce (including D2C brands), Mobility and EV startups were next on the list.

Acquisitions

Apart from fundraising, the week also saw five acquisitions. The list includes the acquisition of US-based sports startup Pro Football Network by Absolute Sports, Knowledge Planet by Physics Wallah and Pickright Technologies by Nuvama Wealth.

acquisition

*Back next week with another deal roundup

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