Funding and acquisitions in Indian startup this week [Jan 26 - Jan 31]
Indian startups raised $147.64 million this week, a 58% decline from the previous week, with key developments in funding, acquisitions, and hirings.Summary
This week, 23 Indian startups secured approximately $147.64 million in funding, comprising 4 growth-stage and 19 early-stage deals, with 3 startups keeping their funding amounts undisclosed. Growth-stage funding totaled $77.8 million, led by Easy Home Finance, JJG Aero, 4baseCare, and SpotDraft. Early-stage funding reached $69.84 million, with significant investments in Spacetech startup The Guild and AI semiconductor startup Agrani Labs. Bengaluru dominated the deal count with 14 deals, followed by Delhi-NCR and Hyderabad. Deeptech and AI startups led in segment-wise deals.
Several key hirings and departures were announced, including Jungle Ventures appointing Amrit Raj as Partner and CMO, and Deepak Sahni stepping down from Healthians. Macobs Technologies, the parent company of Menhood, is acquiring a 50.01% stake in Getmymettle. Zupee is undergoing layoffs, reducing its workforce by 40%, while Ola Electric is reducing its workforce by 5%.
Fund launches included Navam Capital’s final close of its maiden fund at over Rs 315 crore and Red Vanda Partners launching the Bana Kaih Venture Capital Fund. Notable financial results were reported by CRED, Plush, Paytm, Swiggy, Vedantu, Pine Labs, CarTrade, Drishti IAS, and WeWork India. Finally, Turtlemint filed an updated DRHP for its IPO, and a report highlighted a revival in the agritech sector, despite previous slowdowns.
(Source：Entrackr)
