![Funding and acquisitions in Indian startups this week [31 Oct-05 Nov]](https://newzpad.com/wp-content/uploads/2022/11/newzpad-137.jpg "Funding and acquisitions in Indian startups this week [31 Oct-05 Nov]")
This week, 24 Indian startups raised funding of which 19 received a total of about $455.2 million. Icertis and Amagi were the top fundraisers which scooped up $150 million and $100 million respectively. Last week, 15 homegrown startups raised funding worth about $293.3 million.
Meanwhile, the funding of five of the total funded startups remained undisclosed.
Growth/late-stage deals
This week seven growth-late-stage startups raised funding. The list includes Icertis’ $150 million round, Amagi, Cover Genius, and The Sleep Company among others.
Details of the 24 funding rounds can be found here.
Early-stage deals
In the early stage, 17 startups have raised funds including four undisclosed rounds. Green hydrogen startup Hygenco was on top of the list with a $25 million round. The list also includes solar tech startup SolarSquare, PayVEDA, Virigio, Decentro, and Trace among others.
Undisclosed deals
Supply Port, A5G Networks, BattRE, Assert AI, and Yogic Secrets did not disclose their financial details.
City and segment-wise deals
This week, Bengaluru-based startups were on top in terms of the number of startup deals and the amount raised by them. According to Fintrackr’s data, 9 Bengaluru-based startups have raised funds this week amounting to $338.3 million or 75.99% of the total funding. During the week, Delhi-NCR-based startups raised $68 million across 8 deals.
The complete breakdown of deals across cities and segments in the first half can be seen below:
Fintech was the top segment in terms of the number of deals as startups in this space raised $86.2 million across 3 deals. SaaS, upskilling platform, EV, healthtech, and D2C brands were next on the list.
Acquisitions
This week also saw one acquisition of foodtech startup Sarf foods by Roha Dyechem.
Fund launch
Apart from fundraisings, this week also saw one startup-focused fund launch announcement of 8i Ventures worth $50 million.
Layoffs
This week, nearly 500 employees have been laid off from two companies: Udaan laid off 350-400 employees, and Chargebee laid off 10% of its workforce or approximately 140 employees.
ESOPs
This week also saw two ESOP buybacks which include Agwin and Daalchini.
*Back next week with another deal roundup
Source @Entrackr
