Funding and acquisitions in Indian startups this week [12-17 June]


This week, 25 Indian startups raised funding of over $220 million. Lenskart and Indifi Technologies were the top fundraising startups that scooped up $100 million and $35 million respectively. Last week, homegrown startups raised $134 million in funding.

Meanwhile, the details of six startups remained undisclosed. 

Growth/late-stage deals 

This week, six growth and late startups raised funding. Lenskart led the pack with a $100 million round followed by Indifi Technologies, Aviom and Everest Fleet.


Details of 25 funding rounds can be found here.

Early-stage deals 

As many as 19 early-stage startups have raised funds, including six undisclosed rounds. Fintech startup River was on the top with its $4.7 million pre-Series B round. The list also features Unnati Agri, HighXP and Mykare Health, among others.    

City and segment-wise deals    

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 12 Bengaluru-based startups raised funds this week amounting to $28.3 million or 12.91% of the total funding. During the week, Delhi NCR and Mumbai-based startups saw six and two deals respectively.

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


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


Apart from fundraising, this week also saw three mergers and acquisitions. SaaS startup Cymetrix was acquired by Wonderlab, Odermark’s US biz got acquired by UrbanPiper whereas Adani Digital Labs is set to acquire Trainman.  

*Back next week with another deal roundup

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