funding

Funding and acquisitions in Indian startups this week [08-13 May]

funding

This week, 25 Indian startups raised funding of over $341 million. Byju’s and Ripplr were the top fundraising startups that scooped up $250 million and $40 million respectively.

Meanwhile, the details of the four startups remained undisclosed. 

Growth/late-stage deals 

This week, three growth and late startups raised funds. Byju’s led the duo with a $250 million round followed by Ripplr’s $40 million round. 

funding

Details of the 25 deals can be found here.

Early-stage deals 

As many as 22 early-stage startups have raised funds, including three undisclosed rounds. Crypto startup Aqex was at the top with its $7.5 million round. The list also features SquareX, Zyngo EV Mobility and Agrizy, among others.    

City and segment-wise deals    

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 13 Bengaluru-based startups raised funds this week amounting to $326 million or 96.6% of the total funding. During the week, Delhi-NCR and Mumbai-based startups saw five and four deals respectively.

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

funding

Edtech startups led in terms of the number of deals and amount raised. Logistics, fintech, foodtech, and crypto startups were next on the list.

Fund launches

Apart from fundraising, the week also saw two fund launches. The list includes 3one4 Capital’s $200 million fund followed by Stride Ventures’ $100 million fund to back Indian startups.

Layoffs

This week, Cuemath and Toothsi collectively fires around 120-130 employees from their total workforce.

*Back next week with another deal roundup

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