![Funding and acquisition in Indian startups this week [31 July-04 Aug]](https://newzpad.com/wp-content/uploads/2023/08/newzpad-91.jpg "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
