![Funding and acquisitions in Indian startups this week [19-24 Sep]](https://newzpad.com/wp-content/uploads/2022/09/newzpad-569.jpg "Funding and acquisitions in Indian startups this week [19-24 Sep]")
This week, 24 Indian startups raised funding of which 23 received a total of about $220 million. Zopper and Light Microfinance were the top fundraisers which scooped up $75 million and $24 million respectively. Last week, 36 homegrown startups raised funding worth about $246 million.
Meanwhile, the details of one of the total funded startups remained undisclosed.
Growth/late-stage deals
This week, five growth stage startups raised their new funding which includes fintech startup Zopper’s $75 million round and Light Microfinance’s $24 million round.
Details of the 24 funding rounds can be found here.
Early-stage deals
In the early-stage, 19 startups have raised funds including an undisclosed round. Edtech startup Bhanzu was on top of the list with a $15 million Series A round. The list also includes agritech startup Deep Rooted and web3 startup Immortal Game.
Undisclosed deals
Student Ink did not disclose its 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, 6 Bengaluru-based startups have raised funds this week amounting to $87 million or 39.33% of the total fundraise. During the week, Mumbai and Hyderabad-based startups raised $47 million and $19 million across 3 deals each.
The complete breakdown of deals across cities and segments in the first half can be seen below:
Fintech startups were the top segment in terms of the number of deals as startups in this space raised $101.2 million across 5 deals. Edtech, D2C brands, e-commerce, SaaS and Content startups were next on the list.
Mergers and acquisitions
Apart from the fundraisings, the week also saw one acquisition of milk delivery chain AM Needs by Farmers Fresh Zone for an undisclosed amount.
Fund launch
Early-stage startup-focused fund StartupXseed has launched its new fund worth $30 million.
*Back next week with another deal roundup
Source @Entrackr
