Nine Indian businesses raised roughly $80 million this week. The top fundraising startups, Safe Security and EcoSoul Home, received $50 and $10 million, respectively. The amount of money invested in Indian businesses last week was $245 million.
The specifics of one startup, meanwhile, were kept secret.
Growth/late-stage transactions
Two late-stage and growing firms raised money this week. Safe Security took the lead with a $50 million round, followed by Tricog Health with an $8.5 million round.
|
Sl no. |
Start Up Name |
Segment |
Amount raised in $Million |
|
1. |
Safe Security |
Computer and Network Security |
50 |
|
2. |
Tricog Health |
Healthcare |
8.5 |
Early-stage transactions
Up to seven firms in the early stages have raised money, including one unreported round. With its $10 million Series A investment, e-commerce firm EcoSoul Home came out on top. SwitchOn, Mesa School, and Two Brothers Organic Farms are among the other organisations on the list.
|
Sl no. |
Start Up Name |
Segment |
Amount raised in $Million |
|
1. |
EcoSoul |
Retail |
10 |
|
2. |
SwitchOn |
IT Services and IT Consulting |
4.2 |
|
3. |
Mesa School |
Higher Education |
4 |
|
4. |
Two Brothers Organic Farms |
Food and Beverage Services |
1.9 |
Deals by city and segment
Startups from Bengaluru led the financing list this week. Data from Fintrackr shows that six businesses in Bengaluru raised $77.2 million this week, or 96.6% of the total capital. Startups with offices in Lucknow, Pune, and Mumbai each closed one deal during the week.
Acquisitions
Six acquisitions were made during the week in addition to financing. TROOPERS by BetterPlace, ProBano by Toprankers, Simplify360 by Nextiva, and Nightingales Home by HCAH are among the companies that have been acquired
Layoffs
Three startups fired staff members this week. Simpl, a BNPL company, let go of 150 staff, while Fampay and Open each let go of about 50.
