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Funding and acquisitions in Indian startups this week [08-13 Jan]

The second week of January saw a record jump in the number of startup funding deals. This week, as many as 31 Indian startups raised funding amounting to $157.3 million. These deals include nine growth stage and 19 early stage deals. The transaction details of three startups remained undisclosed.

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Funding and acquisitions in Indian startups this week [08-13 Jan]

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  1. Funding and Acquisitions in Indian startups this week [08-13 Jan] • The number of startup funding deals increased at an unprecedented rate during the second week of January. • This week, as many as 31 Indian startups raised funding amounting to $157.3 million. • Nine growth stage and nineteen early stage deals are among these deals. • The transaction details of three startups remained undisclosed. • Indian Startups Weekly Funding Highlights [8 Jan - 13 Jan 2024] • The number of startup funding deals increased at an unprecedented rate during the second week of January. • This week, as many as 31 Indian startups raised funding amounting to $157.3 million. • Nine growth stage and nineteen early stage deals are among these deals. • The transaction details of three startups remained undisclosed.

  2. Last week, around 17 growth and early stage startups collectively raised nearly $88.7 million, including two undisclosed deals.

  3. [City and segment-wise deals] • Bengaluru- and Mumbai-based businesses topped the list in terms of the total number of funding transactions made per city, each with nine deals. • This was followed by Delhi-NCR and Pune-based startups with six and three agreements, respectively.

  4. Moreover, Ahmedabad, Surat, Chennai and Hyderabad-based startups joined the list with one deal each. • The complete breakdown of the city and segment can be found at TheKredible. [Series wise deals]

  5. This week, seed stage deals grabbed the top spot again with 11 deals followed by pre-Series A and Series A with 5 and 4 deals, respectively. • Among the growth-stage startups Series C and Series B stand next with 5 and 3 deals. [Week-on-week funding trend] • On a weekly basis, startup funding surged 77.3% this week to $157.3 million as compared to $88.7 million in the previous week. • The average funding in the last eight weeks stands around $267 million with 22 deals per week. [Fund launches] • This week also saw four startup focused fund launches including cash flow-based financing platform Velocity, Nikhil Kamath and Abhijeet Pai-led Gruhas, alternative-financing fintech platform GetVantage and SaaS-focused accelerator fund Upekkha. Get the complete information HERE.

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