27 Indian firms received capital totalling around $245 million this week; PhonePe and U Gro Capital were the top fundraisers, bringing in $100 million and $41.3 million, respectively. Comparatively, the Indian startup ecosystem received $565 million in total funding over the preceding week.
Growth/Late-Stage Deals
Four growth-stage and late-stage firms in India were successful in raising money this week. PhonePe emerged as the top after collecting a large $100 million round of fundraising. U Gro Capital came in second with $41.3 million, and Purple Style Labs took third place with a $14 million Series C round.
|
S No. |
Startup Name |
Segment |
Amount Raised in $-Million |
|
1. |
PhonePe |
Digital payments & Financial services |
100 |
|
2. |
U Gro |
MSMEs |
40 |
|
3. |
Purple Style Labs |
Retail market |
14 |
|
4. |
CYFIRMA |
Pharma |
8 |
Early-stage Deals
In India, 23 early-stage firms have successfully raised money, including one round that was kept secret. With a $25 million Series A financing, e-commerce firm JSW One Platforms took first place. The list also includes notable startups, including OfficeBanao, Celsius, and Mayhem Studios.
|
S No. |
Startup Name |
Segment |
Amount raised in $Million |
|
1 |
JSW One Platforms |
Technology Platform Venture |
25 |
|
2 |
Mayhem Studios |
AAA Segment |
20 |
|
3 |
Celcius |
Energy Drink |
12 |
|
4 |
OfficeBanao |
Indian Workspace Interiors |
6 |
|
5 |
Genwise |
Partner Digital Marketing |
3.7 |
|
6 |
SimpliContract |
Contract Lifecycle Management |
3.5 |
|
7 |
Nysha Mobility Tech |
Electric Vehicles |
3.5 |
|
8 |
Stylework |
Real Estate and Construction Tech |
2 |
|
9 |
INI Farms |
Food and Agriculture Tech market |
2 |
|
10 |
RAS |
Pharmacy |
1.5 |
|
11 |
WLDD |
Business Services market segments |
1.3 |
|
12 |
Oneistox |
EdTech market |
1.1 |
|
13 |
Proost Beer |
B2C space |
1 |
|
14 |
Barcelona |
sports brands |
0.8 |
|
15 |
Raptee |
electric vehicle start-up |
0.6 |
|
16 |
Direct2U |
e-commerce |
0.4 |
Deals by City & Segment
According to Fintrackr's data, Bengaluru-based firms took the lead this week, as 12 of them raised a combined $180.2 million, or 73.7% of the total amount of investment raised. Around the same time, startups in Mumbai raised $53 million through eight agreements.
Acquisitions
During the week, there were significant acquisitions in addition to fundraising. Among the acquisitions were VideoVerse purchasing Reely and Uni Cards purchasing OHMY Technologies.
