This week, nine Indian startups raised funding of about $80 million. Safe Security and EcoSoul Home were the top fundraising startups that scooped up $50 and $10 million, respectively. Last week, the fund inflow in the Indian startups stood at $245 million.
Meanwhile, the details of one startup remained undisclosed.
Growth/late-stage deals
This week, two growth and late startups raised funding. Safe Security led the pack with a $50 million round followed by Tricog Health’s $8.5 million round.
Details of 9 funding rounds can be found here.
Early-stage deals
As many as seven early-stage startups have raised funds, including one undisclosed round. E-commerce startup EcoSoul Home was at the top with its $10 million Series A round. The list also features SwitchOn, Mesa School and Two Brothers Organic Farms, among others.
City and segment-wise deals
This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 6 Bengaluru-based startups raised funds this week amounting to $77.2 million or 96.6% of the total funding. During the week, Lucknow, Pune and Mumbai-based startups saw one deal each.
The complete breakdown of deals across cities and segments in the first half can be seen below:
AI startups led in terms of the number of deals and amount raised. Cybertech, healthtech, e-commerce (including D2C brands), and edtech startups were next on the list.
Acquisitions
Apart from fundraising, the week also saw six acquisitions. The list includes the acquisition of TROOPERS by BetterPlace, ProBano by Toprankers, Simplify360 by Nextiva and Nightingales Home by HCAH.
Layoffs
This week, three startups laid off their employees. BNPL startup Simpl fired 150 employees while Fampay and Open laid off around 50 employees each.
*Back next week with another deal roundup
