This week, Indian startups witnessed significant funding, with 11 startups raising a total of approximately $66 million. The top fundraiser was Vistaar Finance, securing an impressive $50 million. In comparison, the previous week had 20 startups raising $51 million in funding.
While most startups' funding details were disclosed, two remained undisclosed.
In the growth/late-stage deals category, only one startup, Vistaar Finance, raised $50 million.
For early-stage deals, a total of 10 startups received funding, including two undisclosed rounds. Unstop, an HRtech startup, led the pack with a $5 million maiden round. Other startups like EMTECH, FincFriends, and The Fuel Delivery were also part of the list.
City-wise, Bengaluru-based startups dominated the funding landscape, accounting for $54.3 million or 82.4% of the total funding this week. Delhi NCR-based startups followed with four deals.
Fintech startups were the leaders in terms of both the number of deals and the amount raised, with E-commerce (including D2C brands) and HRtech startups also featuring prominently.
Besides fundraising, the week saw one acquisition, with pallet pooling firm LEAP India being acquired by KKR.
On a somber note, four companies, including Spinny, Actyv.ai, Increff, and Tekion, had to lay off more than 600 employees collectively.
On a positive note, three fund launches took place during the week. Pi Ventures raised $85 million, Elev8 raised $67 million, and Almabetter secured $6.5 million. Additionally, The Centre for Innovation, Incubation, and Entrepreneurship (CIIE.CO) introduced a new fund of Rs 40 crore to invest in early-stage deep-tech startups.
Stay tuned for another deal roundup next week
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