Funding and acquisitions in Indian startups this week [05-10 June]

This week, 23 Indian startups raised funding of over $134 million. HealthifyMe and Lentra were the top fundraising startups that scooped up $30 million and $27 million respectively. Last week, homegrown startups raised $209 million in total.

Meanwhile, the details of six startups remained undisclosed. 

Growth/late-stage deals 

This week, five growth and late startups raised funding including one undisclosed. HealthifyMe led the pack with a $30 million round followed by Lentra, Course5 and WickedGud.

Details of 23 funding rounds can be found here.

Early-stage deals 

As many as 18 early-stage startups have raised funds, including five undisclosed rounds. EV startup River was on the top with its $15  million. The list also features RevSure.AI, Revfin and Proklean, among others.    

City and segment-wise deals    

This week, Bengaluru-based startups dominated the chart. According to Fintrackr’s data, 10 Bengaluru-based startups raised funds this week amounting to $114 million or 85.11% of the total funding. During the week, Mumbai and Delhi NCR-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: 

SaaS startups led in terms of the number of deals and amount raised. Healthtech and fintech startups were next on the list.

Acquisitions

Apart from fundraising, this week also saw three mergers and acquisition. Men’s grooming brand Ustraa is set to be acquired by VLCC, Digital Connect got acquired by Capillary Technologies whereas CredFlow took over TechBiz.

Fund launches 

This week also saw two fund launches. Healthcare venture studio 2070 Health has raised $30 million from W Health Ventures to build healthcare companies from scratch. Piper Serica Angel Fund, an angel fund investing in technology-backed startups, announced that it has crossed its target corpus of Rs 100 crore and is now exercising the green-shoe option of another Rs 25 crore. 

*Back next week with another deal roundup