Funding and acquisitions in Indian startups this week [15-20 May]


This week, 18 Indian startups raised funding of over $165 million. Agilitas Sports and Course5 Intelligence were the top fundraising startups and scooped up $52 million and $28 million respectively.

Meanwhile, the details of the four startups remained undisclosed. 

Growth/late-stage deals 

This week, four growth and late startups raised funding. Course5 Intelligence and Nodwin led the pack with $28 million round each followed by Rooter and XYXX.


Details of the 18 funding rounds can be found here.

Early-stage deals 

As many as 14 early-stage startups have raised funds, including three undisclosed rounds. Sportstech startup Agilitas Sports was at the top with its $52 million round. The list also features Agraga, Locofy and PYOR, among others. 

City and segment-wise deals    

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 8 Bengaluru-based startups raised funds this week amounting to $70 million or 42.7% of the total funding. During the week, Delhi-NCR and Mumbai-based startups saw five and two deals respectively.

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


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


Apart from fundraising, this week also saw one merger and acquisition of AI startup by Pepper Advantage. 


This week, Happay fired around 30% of employees from its total workforce.

*Back next week with another deal roundup

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