This week, 27 Indian startups raised funding of about $245 million. PhonePe and U Gro Capital were the top fundraising startups and scooped up $100 and $41.3 million, respectively. Last week, the fund inflow in the Indian startups stood at $565 million.
Meanwhile, the details of six startups remained undisclosed.
This week, four growth and late startups raised funding. PhonePe led the pack with a $100 million round followed by U Gro Capital’s $41..3 million, and Purple Style Labs’ $14 million Series C round.
Details of 27 funding rounds can be found here.
As many as 23 early-stage startups have raised funds, including one undisclosed round. E-commerce startup JSW One Platforms was at the top with its $25 million Series A round. The list also features Mayhem Studios, Celsius and OfficeBanao among others.
City and segment-wise deals
This week, Bengaluru-based startups dominated the chart. According to Fintrackr’s data, 12 Bengaluru-based startups raised funds this week amounting to $180.2 million or 73.7% of the total funding. During the week, Mumbai-based startups raised $53 million across eight 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. Fintech, proptech, EV and foodtech startups were next on the list.
Apart from fundraising, the week also saw a couple of acquisitions. The list includes the acquisition of OHMY Technologies by Uni Cards and Reely by VideoVerse among others.
This week, two startups laid off their employees. Drip Capital laid off 20% of its total workforce while Euler Motors sacked 10% of its total workforce.
Apart from layoffs, the week also saw two startup fund launches. The list includes BoldCap’s $25 million fund and Pi Venture’s $12.2 million fund.
*Back next week with another deal roundup