Funding and acquisitions in Indian startups this week [21-26 Aug]

This week, 19 Indian startups raised about $233 million. Zepto alone raised $200 million in its Series E round. Last week, eight Indian startups raised funding worth about $20 million only. 

Meanwhile, the details of two startups remained undisclosed. 

Details of the 19 funding rounds can be found here.

Growth-stage deals

This week, quick commerce startup Zepto alone raised a $200 million Series E round and entered the coveted club of unicorns. 

Early-stage deals 

Out of the total, 17 early-stage startups have raised funds, including two undisclosed rounds. Edtech focused fintech startup GradRight was on the top with its $6 million round. The list also features SupperBottoms, Kombai and Wootz.work among others.

City and segment-wise deals    

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 10 Bengaluru-based startups raised funds this week amounting to $10 million or 4.35% of the total funding. However, Mumbai based startups raised over $200 million. Pune and Jaipur-based startups saw two deals each.

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. Quick commerce and edtech startups were next on the list.

Fund launches

This week, Veda VC launched a $30 million fund to back Indian startups. 

Layoffs and shutdowns

Apart from fundraising, this week saw CoinDCX laying off 70 employees while Fantok and One World Nation (OWN) halted their operations temporarily.

*Back next week with another deal roundup