This week, 19 Indian startups raised funding of about $172 million. Leverage Edu, GIVA, and Battery Smart were the top fundraising startups that scooped up $40 million, $33 million, and $33 million respectively.
Meanwhile, the details of the two startups remained undisclosed.
Growth/late-stage deals
This week, four growth and late startups raised funding. Leverage Edu led the pack with a $40 million round followed by GIVA, Battery Smart and KaarTech.
Details of the 19 funding rounds can be found here.
Early-stage deals
As many as 15 early-stage startups have raised funds, including two undisclosed rounds. IoT startup Cavli Wireless was on the top with its $10 million Series A round. The list also features Smartstaff, Vegh and ZestMoney among others.
City and segment-wise deals
This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 10 Bengaluru-based startups raised funds this week amounting to $62 million or 35.87% of the total funding. During the week, Delhi NCR-based startups saw four deals.
The complete breakdown of deals across cities and segments in the first half can be seen below:
E-commerce (including D2C brands) led in terms of the number of deals and amount raised. EV and fintech startups were next on the list.
Acquisitions
Apart from fundraising, this week also saw three merger and acquisition deals as news aggregator KidzByte got acquired by JetSynthesis whereas Toprankers and AlterVerse acquired The Lex Guru and Jump.Trade respectively.
Fund launches
This week, four startup-focused funds announced their new fundraise. The list includes Insight Partners, Varanium Capital, Recur Club and Massive Earth Foundation.
*Back next week with another deal roundup
