This week, 30 Indian startups raised about $190 million. Consumer fintech platform Bright Money raised $62 million followed by adtech company Doceree and coffee chain Third Wave Coffee which scooped up $35 million each. Last week, 15 Indian startups raised $91 million in funding.
Meanwhile, the transaction details of the four startups remained undisclosed.
[Growth-stage deals]
This week, five growth-stage startups raised funding. The list includes Bright Money, Doceree, Third Wave Coffee and D2C company Pilgrim. For more details, visit data intelligence platform TheKredible.
[Early-stage deals]
Out of the total, 24 early-stage startups have raised funds, including a couple of undisclosed rounds. Open source observability platform SigNoz and linen management Quick Smart Wash were on top. The list also features Legistify, Raaptee, Data Sutram, Clinikally, among others.
[City and segment-wise deals]
This week, Mumbai-based startups dominated the funding chart as eight startups from the city amounting to $23.6 million or over 12% of the total funding. The complete breakdown of city and segment can be found at TheKredible.
[M&A]
This week, three startups went through a merger and acquisition process. Music label Saregama announced the acquisition of digital entertainment platform Pocket Aces. The company plans to purchase a 92.61% stake from Pocket Aces which includes both tranches and the primary issue of shares.
Check TheKredible to see series wise deals, layoffs, M&A and startup fund launches and more.
[Entrackr’s take]
Amid funding winter, a couple of deals from fintech, healthtech, food and beverages including coffee brands, have made it possible to push the total funding to close to $200 million. This has become rare if we see past trends except for a few deals such as Zepto’s $200 million unicorn round in the last week of August and most recently Perfios managed to rake in $229 million in its Series D round. As per our analysis, the total funding in Indian startups in September will hover around $1 billion. The total funding in the past three months stood at $464 million, $461 million and $631 million respectively.
*Back next week with another deal roundup
