This week, 23 Indian businesses raised $857 million in fundraising. The top fundraising startups, Lenskart and PhonePe, received $500 million and $200 million, respectively. The amount of money invested in Indian businesses last week was $171 million.
Three of the firms that received cash overall remained secretive about their sources of funding.
Growth/late-stage transactions
Six late-stage and growing firms raised money this week. In a $500 million round, Lenskart took the lead, followed by a $200 million round from PhonePe and a $22 million Series C round from HealthPlix.
|
Sl no. |
Startup Name |
Segment |
Amount raised in $Million |
| 1. |
Lenskart |
Software Development |
500 |
| 2. |
PhonePe |
Financial Services |
200 |
| 3. |
HealthPlix |
Healthcare Digitization |
22 |
Early-stage transactions
Up to 17 early-stage firms have raised money, including three rounds that were kept secret. Atlys, a firm offering online visas, came out on top with its $12 million Series A financing. T.A.C, One Impression, Gynoveda, and BuyStars are among the other companies on the list.
|
Sl no. |
Startup Name |
Segment |
Amount raised in $Million |
|
1. |
Atlys |
Software Development |
12 |
|
2. |
T.A.C |
Retail |
3 |
|
3. |
One Impression |
Advertising Services |
10 |
|
4. |
Gynoveda |
Wellness and Fitness Services |
10 |
|
5. |
BuyStars |
Software Development |
5 |
Deals by city and segment
Startups from Bengaluru led the financing list this week. Fintrackr data shows that 11 firms in Bengaluru raised $276.5 million this week, or 34.25% of the total capital. During the week, three deals totalling $502.4 million were completed by entrepreneurs based in Delhi-NCR.
Acquisitions
The week included funding as well as one purchase, with Acko purchasing health-tech startup ParentLane.
