Funding and acquisitions in Indian startup this week [May 04 - May 09]
Entrackr
24 Indian startups raised $158.8 million this week, led by Skyroot Aerospace's $60 million growth round.Summary
This week, 24 Indian startups raised approximately $158.8 million, comprising 3 growth-stage, 18 early-stage deals, and 3 undisclosed rounds. Growth-stage funding was led by spacetech startup Skyroot Aerospace, which secured $60 million to enter the unicorn club. Early-stage funding included $6 million for BigEndian Semiconductors, $5 million for Tsavorite, and $42 crore for Aurm. Bengaluru led the city-wise deal count with 14 transactions, while e-commerce and AI startups drove segment-wise activity. On a week-on-week basis, funding declined by over 15% compared to the previous week. In other news, InMobi acquired MobileAction, and PhonePe launched an AI-powered integration layer for merchants.
(Source：Entrackr)