Weekly funding

Funding and acquisitions in Indian startups this week [11-15 Sep]

Weekly funding

This week, 16 Indian startups raised about $424 million. SaaS-based B2B fintech firm Perfios alone raised $229 million followed by martech startup Pixis and agritech firm Leads Connect which scooped up $85 million and $62.5 million respectively. Last week, 19 Indian startups raised nearly $234 million

Meanwhile, the details of four startups remained undisclosed.


Details of the 16 funding round can be found here.

Growth-stage deals

This week, five growth-stage startups raised funding. The list includes Perfios’ $229 million round, Pixis’ $85 million, Leads Connect’s $62.5 million and Kale Logistics’ $30 million round.

Early-stage deals 

Out of the total, 11 early-stage startups have raised funds, including four undisclosed rounds. Fintech firm Seeds Fincap was on the top with its $6 million round. The list also features AccioJob, HotelYaari and Wogom among others.

City and segment-wise deals    

This week, Delhi-based startups dominated the funding chart. As per our research, seven Delhi-based startups raised funds this week amounting to $106 million or 25% of the total funding. However, Bengaluru was on top in terms of amount raised as six startups based out of the city raked in $315 million in funding.

The complete breakdown of deals across cities and segments in the first half can be seen below:


Segment wise, SaaS startups were on top in terms of the number of deals followed by healthtech and edtech.

Series wise

Seed, Series B and pre seed stage startups dominated the chart with 5, 4 and 2 deals respectively. Series A, C and D saw one deal each. Meanwhile, Series of two startups could not be ascertained.


This week also saw eight mergers and acquisitions. The list includes the acquisition of The State Plate by JustMyRoots, BillMe by Razorpay and eSamudaay by 1bridge.  


While there is a sharp fall in layoffs in the past couple of weeks, revenue based financing firm Velocity and enterprise focussed subscription management platform ChargeBee reportedly laid off 14% and 10% of their workforce respectively.

Fund launches 

Apart from fundraising, this week also saw four startup fund launches. The list counts Vertex Ventures, Kae Capital, Artha Group and private equity firm Xponentia.

*Back next week with another deal roundup

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