Funding and acquisitions in Indian startups this week [28 Aug-02 Sep]

This week, 13 Indian startups raised about $52 million. MediBuddy and SatSure raised $18 million and $15 million respectively. Last week, 19 Indian startups raised funding worth about $233 million. 

Meanwhile, the details of one startup remained undisclosed. 

Details of the 13 funding rounds can be found here.

Growth-stage deals

This week, only one growth stage startup i.e. MediBuddy raised a $18 million round. 

Early-stage deals 

Out of the total, 12 early-stage startups have raised funds, including one undisclosed round. Spacetech startup SatSure was on the top with its $15 million round. The list also features CredRight, Facets.cloud and ShipEase among others.

City and segment-wise deals    

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, seven Bengaluru-based startups raised funds this week amounting to $41 million or 78.68% of the total funding. Delhi NCR and Hyderabad-based startups were next on the list.

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

Fintech startups were on top in terms of the number of deals followed by logistics and healthtech.

Layoffs and shutdowns

Apart from fundraising, this week saw four companies laying off their employees. The list includes CoinSwitch, Kenko Health, Omuni and Khatabook. 

M&A

This week also saw the merger of TripCrafters with Holidify. 

*Back next week with another deal roundup