Now The month of July has started on a weak note for the Indian startup ecosystem, with a steep decline in venture capital inflow due to the absence of large deals in the first week of the month.
This week, 33 Indian startups raised funding, of which 25 received a total of about $461 million. And Two Startup OneCard and 5ire were the top fundraisers which scooped up $100 million each and entered in Unicorn Club. Last week, 25 homegrown startups raised funding worth about $89.69 million.
Growth/late-stage deals
This week, 6th growth and late-stage startups have raised their new round which includes OneCard’s $100 million unicorn round and health-tech startup LifeWell’s $80 million Series C round. The list also includes Detect Technologies, Vegrow, String Bio and Wysa.
Early-stage deals
In the early-stage deals, 27 startups have raised funds which also include eight undisclosed rounds. Blockchain network 5ire was on top of the list with a $100 million Series A round at a unicorn valuation. The list also includes fintech startup Sitara and e-commerce startup Wheelocity.
A total of 33 startup funding rounds can be found here.
Acquisitions and Mergers this week
Apart from the fundraisings, the week also saw a couple of acquisitions. The list includes the acquisition of recruitment and staffing platform Wolves India by upGrad (via Rekrut) and (Clinix) by MediBuddy an undisclosed deal.