Last week, 15 Indian businesses collected nearly $195 million in fundraising. The two startups that raised the most money were Stashfin and Charge+Zone, which received $100 and $54 million, respectively. $857 million in new capital was invested in Indian businesses last week.
Three of the firms that received financing overall remained unnamed, though.
Growth/late-stage transactions
Three growth and late-stage firms raised money this week. With a $100 million investment, Stashfin dominated the pitch. IndusGo came in second with $12 million, and Mystifly came in third with $8 million pre-Series B financing.
|
Sl no. |
Startup Name |
Segment |
Amount raised in $Million |
|
1. |
Stashfin |
Financial Services |
100 |
|
2. |
IndusGo |
Motor Vehicle Manufacturing |
12 |
|
3. |
Mystifly |
Software Development |
8 |
Early-stage transactions
Up to 11 early-stage firms have raised money, including two kept secret rounds. Charge+Zone, an electric vehicle startup, came in first with a $54 million Series A financing. Sukino Healthcare, Sorted, and Reveal Healthtech are among the other companies on the list.
|
Sl no. |
Startup Name |
Segment |
Amount raised in $Million |
|
1. |
Charge+Zone |
Motor Vehicle Manufacturing |
54 |
|
2. |
Sukino Healthcare |
Hospitals and Health Care |
6 |
|
3. |
Sorted |
Software Development |
5 |
|
4. |
Reveal Healthtech |
IT Services and IT Consulting |
4 |
Deals by city and segment
Bengaluru-based firms led the rankings this week. Fintrackr data shows that seven firms in Bengaluru raised $22 million this week, or 11.3% of the total amount of funding received. Startups in Delhi-NCR raised $107 million over the course of the week through four deals.
Acquisitions
Five acquisitions were made during the week in addition to financing. On the list are the purchases of Pickright Technologies by Nuvama Wealth, Knowledge Planet by Physics Wallah, and US-based sports startup Pro Football Network by Absolute Sports.
