Funding and acquisitions in Indian startup this week [Apr 20 - Apr 25]
19 Indian startups raised $47 million this week, a 64% drop from the previous week, led by healthcare automation startup Coral.Summary
This week, Indian startup funding saw muted activity with 19 startups raising approximately $47 million, a significant decline of nearly 64% compared to the previous week's $129 million. The funding landscape was dominated by early-stage deals, with healthcare automation startup Coral leading the pack with a $12.5 million round from Z47 and Lightspeed Venture Partners. Other notable early-stage rounds included LightFury Games ($11 million), STCH ($5.5 million), Spill Games ($3.1 million), and NudgeBee ($3 million). Bengaluru led the city-wise deal count with 7 transactions, followed by Delhi-NCR with 6. Segment-wise, healthtech and e-commerce startups recorded 3 deals each, while gaming, AI, and F&B startups followed with 2 deals each. Seed rounds accounted for 9 of the 20 total deals. In other news, Raise Financial Services acquired Stratzy, while KRAFTON and Naver launched a Rs 6,000 crore Unicorn Growth Fund. Additionally, PhonePe crossed 10 billion UPI transactions in March, the RBI cancelled Paytm Payments Bank's licence, and the government notified new online gaming rules effective May 1.
(Source：Entrackr)