Funding and acquisitions in Indian startups this week [09-14 Jan]
- Paradyes claims to be India’s first semi-permanent hair colour brand that offers hair colours that last for 8-10 washes.
- Peyush Bansal called it a business that can create a category.
- Paradyes founders received many lucrative offers, but accepted a lower offer to bring the right sharks into their company – Vineeta Singh and Aman Gupta.
This week, 36 Indian startups raised funding of which 33 received a total of about $216 million. Wakefit was the top fundraiser which scooped up $40 million as a part of the Series D round. Last week, 16 homegrown startups raised funding worth about $273 million.
Meanwhile, the funding details of the three startups remained undisclosed.
Growth/late-stage deals
Details of the 36 funding rounds can be found here.
Early-stage deals
In the early stage, 30 startups have raised funds including three undisclosed rounds. E-commerce startup VilCart was on top of the list with an $18 million Series A round. The list also includes edtech firm Toddle, Athulya, Qritrive, and Actyv.ai among others.
Undisclosed deals
Badhaan, Gytree, and Awaz did not disclose their financial details.
City and segment-wise deals
This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 25 Bengaluru-based startups have raised funds this week amounting to $174 million or 79.7% of the total funding. During the week, Pune, Mumbai and Delhi NCR saw two deals each.
The complete breakdown of deals across cities and segments in the first half can be seen below:
E-commerce (including D2C brands) and healthtech startups were the top segments in terms of the number of deals (eight deals each) as startups in these segments raised $77 million and $24 million respectively. SaaS, edtech, HR tech, and foodtech were next on the list.
Acquisitions
Besides fundraising, India’s startup ecosystem saw a couple of merger and acquisition deals.
E-commerce (including D2C brands) and healthtech startups were the top segments in terms of the number of deals (eight deals each) as startups in these segments raised $77 million and $24 million respectively. SaaS, edtech, HR tech, and foodtech were next on the list.
Acquisitions
Besides fundraising, India’s startup ecosystem saw a couple of merger and acquisition deals.
“Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.
