Funding and acquisitions in Indian startups this week [23-28 Jan]

This week, 16 Indian startups raised funding of which 13 received a total of about $120 million. Log9 Materials was the top fundraising company that scooped up $40 million. This is a significant decline from $525 million in the last week.

Meanwhile, the details of the three startups remained undisclosed.

[Growth/late-stage deals]

This week, only two growth and late-stage startups announced their new fundraise. The list includes Log9 Materials’ $40 million round along with Ecozen’s $25 million Series C round.

Details of 16 funding rounds can be found here.

[Early-stage deals]

In the early stage, 14 startups have raised funds including three undisclosed rounds. Fuel delivery startup FuelBuddy was on top of the list with a $20 million Series A round. The list also includes creators monetisation startup Rigi, Landeed, GENLEAP, and Myelin Foundry among others.

[Undisclosed deals]

Falca, Disprz, and Bowled.io did not disclose their financial details.

[City and segment-wise deals]

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 10 Bengaluru-based startups have raised funds this week amounting to $59.4 million. During the week, Delhi-NCR-based startups raised $23.3 million across four deals.

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

Deeptech startups were the top segment in terms of the number of deals and amount raised. Gaming, E-commerce (including D2C brands), and EV startups were next on the list. In terms of funding, EV stood at the top.

[Acquisitions]

Apart from fundraising, the week also saw eight merger and acquisition deals. The list includes the acquisition of healthtech startup Saluto Wellness by Pine Labs, cheQin by Easy Trip, Instalogist by Vahak, and Fanory by JetSynthesis.

[Layoffs]

This week, over 500 employees have been laid off by DealShare, SirionLabs Innovaccer, and Camp K12. Last week, around nine companies laid sacked more than 1,400 employees in the ongoing funding winter.

*Back next week with another deal roundup

Source @Entrackr