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.
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.
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.
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.
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