This week, 19 Indian startups raised funding of about $113 million. Renewbuy and Furlenco were the top fundraising startups that scooped up $40 million and $36.5 million respectively. Last week, 22 Indian startups raised funding worth $119 million.
Meanwhile, the details of the four startups remained undisclosed.
Growth/late-stage deals
This week, two growth and late startups raised funding. Renewbuy led the duo with a $40 million round followed by Furlenco.
Details of the 19 funding rounds can be found here.
Early-stage deals
Out of the total, 17 early-stage startups have raised funds, including four undisclosed rounds. EV startup Ati Motors was on the top with its $10.8 million Series A round. The list also features Bureau, Solethreads and Factors.ai 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 $106 million or 93% of the total funding. During the week, Delhi NCR-based startups saw six deals.
The complete breakdown of deals across cities and segments in the first half can be seen below:
E-commerce (including D2C brands) startups led in terms of the number of deals and amount raised. Edtech and fintech startups were next on the list.
Acquisitions
Apart from fundraising, this week also saw four merger and acquisition deals. Messaging and voice firm Route Mobile got acquired by Proximus whereas Ed-a-Mamma is in talks with Reliance for acquisition and Flatheads by acquired by Styched.
Layoffs
This week also saw two companies laying off their employees. The list includes Saarthi and Dunzo.
*Back next week with another deal roundup
