![Funding and acquisitions in Indian startups this week [07-12 Aug]](https://newzpad.com/wp-content/uploads/2023/08/newzpad-166.jpg "Funding and acquisitions in Indian startups this week [07-12 Aug]")
This week, 15 Indian startups raised funding of about $93 million. Credgenics and Disprz were the top fundraising startups that scooped up $50 million and $30 million respectively. Last week, 11 Indian startups raised funding worth about $66 million.
Meanwhile, the details of the three startups remained undisclosed.
Growth/late-stage deals
This week, only two growth-stage startups namely Credgenics and Disprz raised $50 million and $30 million respectively.
Details of the 15 funding rounds can be found here.
Early-stage deals
Out of the total, 13 early-stage startups have raised funds, including three undisclosed rounds. Fintech startup Stable Money was on the top with its $5 million. The list also features Shaktimaan.ai, What’s Up Wellness and Bidso among others.
City and segment-wise deals
This week, Bengaluru-based startups dominated the chart. According to Fintrackr’s data, 9 Bengaluru-based startups raised funds this week amounting to $40 million or 42.9% of the total funding. During the week, Delhi NCR-based startups saw three deals.
The complete breakdown of deals across cities and segments in the first half can be seen below:
E-commerce (including D2C brands) startups were on top in terms of the number of deals and amount raised. Fintech and HRtech startups were next on the list.
Acquisitions
Apart from fundraising, this week also saw three acquisitions as Chaitanya got acquired by Svatantra Microfin, Foxmula was acquired by Expertrons, and AnotherAcquisition took over Nyxion.ai.
Layoffs
This week saw two companies laying off their employees. The list includes MPL and Rush which fire more than 400 employees collectively.
Fund launches
Apart from layoffs, there were two fund launches. The list counts Krafton’s $150 million and Rainmatter’s $121 million fund.
*Back next week with another deal roundup
