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.
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:
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.
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
