Funding and acquisition in Indian startups this week [17-22 July]

This week, 19 Indian startups raised funding of about $113 million. Renewbuy and Furlenco were the top fundraising startups that scooped up $40 million and $36.5 million respectively. Last week, 22 Indian startups raised funding worth $119 million.

Meanwhile, the details of the four startups remained undisclosed.

Growth/late-stage deals

This week, two growth and late startups raised funding. Renewbuy led the duo with a $40 million round followed by Furlenco.

Details of the 19 funding rounds can be found here.

Early-stage deals

Out of the total, 17 early-stage startups have raised funds, including four undisclosed rounds. EV startup Ati Motors was on the top with its $10.8 million Series A round. The list also features Bureau, Solethreads and Factors.ai among others.

City and segment-wise deals

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 12 Bengaluru-based startups raised funds this week amounting to $106 million or 93% of the total funding. During the week, Delhi NCR-based startups saw six deals.

The complete breakdown of deals across cities and segments in the first half can be seen below:

E-commerce (including D2C brands) startups led in terms of the number of deals and amount raised. Edtech and fintech startups were next on the list.

Acquisitions

Apart from fundraising, this week also saw four merger and acquisition deals. Messaging and voice firm Route Mobile got acquired by Proximus whereas Ed-a-Mamma is in talks with Reliance for acquisition and Flatheads by acquired by Styched.