Funding and acquisitions in Indian startups this week [11-15 Sep]

This week, 16 Indian startups raised about $424 million. SaaS-based B2B fintech firm Perfios alone raised $229 million followed by martech startup Pixis and agritech firm Leads Connect which scooped up $85 million and $62.5 million respectively. Last week, 19 Indian startups raised nearly $234 million. 

Meanwhile, the details of four startups remained undisclosed.

Details of the 16 funding round can be found here.

Growth-stage deals

This week, five growth-stage startups raised funding. The list includes Perfios’ $229 million round, Pixis’ $85 million, Leads Connect’s $62.5 million and Kale Logistics’ $30 million round.

Early-stage deals 

Out of the total, 11 early-stage startups have raised funds, including four undisclosed rounds. Fintech firm Seeds Fincap was on the top with its $6 million round. The list also features AccioJob, HotelYaari and Wogom among others.

City and segment-wise deals    

This week, Delhi-based startups dominated the funding chart. As per our research, seven Delhi-based startups raised funds this week amounting to $106 million or 25% of the total funding. However, Bengaluru was on top in terms of amount raised as six startups based out of the city raked in $315 million in funding.

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

Segment wise, SaaS startups were on top in terms of the number of deals followed by healthtech and edtech.

Series wise

Seed, Series B and pre seed stage startups dominated the chart with 5, 4 and 2 deals respectively. Series A, C and D saw one deal each. Meanwhile, Series of two startups could not be ascertained.

M&A

This week also saw eight mergers and acquisitions. The list includes the acquisition of The State Plate by JustMyRoots, BillMe by Razorpay and eSamudaay by 1bridge.  

Layoffs

While there is a sharp fall in layoffs in the past couple of weeks, revenue based financing firm Velocity and enterprise focussed subscription management platform ChargeBee reportedly laid off 14% and 10% of their workforce respectively.

Fund launches 

Apart from fundraising, this week also saw four startup fund launches. The list counts Vertex Ventures, Kae Capital, Artha Group and private equity firm Xponentia.

*Back next week with another deal roundup