Funding and acquisition in Indian startups this week [31 July-04 Aug]

This week, 11 Indian startups raised funding of about $66 million. Vistaar Finance was the top fundraising startup that scooped up $50 million. Last week, 20 Indian startups raised funding worth $51 million. 

Meanwhile, the details of the two startups remained undisclosed. 

[Growth/late-stage deals]

This week, only one growth stage startup i.e. Vistaar Finance managed to raise $50 million.

Details of the 11 funding rounds can be found here.

[Early-stage deals] 

Out of the total, 10 early-stage startups have raised funds, including two undisclosed rounds. HRtech startup Unstop was on the top with its $5 million maiden round. The list also features EMTECH, FincFriends and The Fuel Delivery, among others.    

[City and segment-wise deals]    

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, four Bengaluru-based startups raised funds this week amounting to $54.3 million or 82.4% 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: 

Fintech startups were on top in terms of the number of deals and amount raised. E-commerce (including D2C brands) and HRtech startups were next on the list.

[Acquisitions]

Apart from fundraising, this week also saw one acquisition as pallet pooling firm LEAP India got acquired by KKR

[Layoffs]

This week saw four companies laying off their employees. The list includes Spinny, Actyv.ai, Increff and global company Tekion which fire more than 600 employees collectively. 

[Fund launches]

Apart from layoffs, there were two three fund launches. The list counts Pi Ventures’ $85 million, Elev8’s $67 million and Almabetter’s $6.5 million fund. Meanwhile, startup incubator and investor The Centre for Innovation, Incubation and Entrepreneurship (CIIE.CO), has also floated a new fund with a corpus of Rs 40 crore to invest in early-stage deep-tech startups.  

*Back next week with another deal roundup