This week, 20 Indian businesses raised $565 million in fundraising. The two firms that raised the most money were DMI Finance and Curefoods, which received $400 and $36.5 million, respectively. The amount of money invested in Indian businesses last week was $106 million.
One of the total funded startups' specifics, however, remained secret.
Growth/late-stage transactions
This week, three growth- and late-stage companies raised capital. With a $400 million round, DMI Finance took the lead, followed by Curefood ($36.5) and Avanti Finance ($24 million Series B investment).
|
SI NO. |
Startup Name |
Amount raised in $Million |
|
1 |
DMI Finance |
$400 |
|
2 |
Curefood |
$36.5 |
|
3 |
Avanti Finanace |
$24 |
Deals by city and market segment
Startups from Bengaluru led the financing list this week. Fintrackr data shows that ten firms in Bengaluru raised $86 million, or 14.5% of the total fundraising, this week. Mumbai-based businesses raised $430 million over the course of the week through three deals.
Acquisitions
Six acquisitions were made during the week in addition to financing. The list includes, among others, the purchases of HeroMindmine by Imarticus Learning, Verak by InsuranceDekho, and loyalty technology business Brierley+Partners by Capillary Technologies.
