Funding and acquisitions in Indian startups this week [29 May-03 Jun]

This week, 14 Indian startups raised funding of over $209 million. Atomberg and Capillary Technologies were the top fundraising startups that scooped up $86 million and $45 million respectively.

Meanwhile, the details of three startups remained undisclosed. 

Growth/late-stage deals 

This week, three growth and late startups raised funding. Atomberg led the pack with a $86 million round followed by Capillary Technologies and Pixxel.

Details of 14 funding rounds can be found here.

Early-stage deals 

As many as 11 early-stage startups have raised funds, including three undisclosed rounds. Fintech startup Transak was at the top with its $20 million Series A round. The list also features LaundryMate, Newtrace, KarmaLife and Balwaan Krishi, 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 $118.2 million or 56.49% of the total funding. During the week, Mumbai and Delhi NCR-based startups saw three deals each.

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

Fintech startups led in terms of the number of deals and amount raised. Agritech and renewable energy startups were next on the list.

Acquisitions

Apart from fundraising, this week also saw two mergers and acquisition. Proptech startup NestAway was acquired by Aurum PropTech and Pepcoding got acquired by Scaler. 

*Back next week with another deal roundup