funding

Funding and acquisitions in Indian startups this week [10-15 July]

funding

This week, 22 Indian startups raised funding of about $119 million. LetsTransport and  Netweb Technologies were the top fundraising startups that scooped up $25 million and $23 million respectively.

Meanwhile, the details of the four startups remained undisclosed. 

Growth/late-stage deals 

This week, three growth and late startups raised funding. LetsTransport led the pack with a $25 million round followed by Netweb Technologies and Zluri.

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Details of the 22 funding rounds can be found here.

Early-stage deals 

Out of the total, 19 early-stage startups have raised funds, including four undisclosed rounds. Smartphone retail chain startup SmartDukaan was on the top with its $10 million pre-Series A round. The list also features Dvara KGFS, ECL and Fold Health among others.    

City and segment-wise deals    

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 14 Bengaluru-based startups raised funds this week amounting to $77.24 million or 64.91% 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: 

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

Acquisitions

Apart from fundraising, this week also saw four merger and acquisition deals. AI firm  AutomationFactory AI got acquired by Cilio whereas Dr. Meat acquired by Zappfresh and LYNK by Swiggy. CarTrade also announced that it will acquire auto and classifieds business of Olx in India.

Fund launches 

This week, two startup-focused funds announced their new fundraise. The list includes CapFort and 100x Entrepreneur’s Neon.

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Layoffs

This week also saw three companies laying off more than 400 employees. The list includes Skill-Lync, Navi and Waycool.

*Back next week with another deal roundup

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