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Startup Funding and Acquisitions Weekly Report [12 – 17 Feb]

This week as many as 27 Indian startups raised funding amounting to nearly $162 million. These deals consist of five growth stage deals and 22 early stage deals. Visit - https://entrackr.com/2024/02/funding-and-acquisitions-in-indian-startups-this-week-12-17-feb/

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Startup Funding and Acquisitions Weekly Report [12 – 17 Feb]

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  1. Startup Funding and Acquisitions Weekly Report [12 – 17 Feb]

  2. This week as many as 27 Indian startups raised funding amounting to nearly $162 million. These deals consist of five growth stage deals and 22 early stage deals. The early stage deals also include four startups which kept their transaction details undisclosed.

  3. [Growth-stage deals]Among the growth stage deals, five startups raised $74.2 million capital this week. B2B animal protein marketplace led the pack with $25 million funding followed by global student housing solution provider Amber and pet care product marketplace Supertails which raised $21 million and $15 million, respectively.Further, MSMEs-focused fintech lender FlexiLoans and electric vehicle manufacturing startup Tork Motors also scooped funding this week.[Early-stage deals]Equivalent to 18 early-stage startups secured funding worth $87.66 million during the week. Spiritual tech platform Astrotalk spearheaded the chart followed by metals supply chain company Metalbook, mobility fintech firm Moove, risk-focused compliance automation platform Scrut Automation and agrifoodfintech platform Ayekart. The list further includes EV financing firm Ascend Capital, rewards-focused internet browser Veera, and travel-focussed social media platform Explurger among others.During the week, consumer medical startup Arcatron Mobility, digital banking platform Freo, D2C haircare brand iluvia and D2C ice-cream brand Frubon also raised capital but did not disclose the funding amount. For more information, visit TheKredible.

  4. [Series wise deals]This week, around 14 startups raised funding in their Series A round followed by debt (5) and Pre-seed (3) deals. The list further includes Series B, Seed, and Series C funding deals.

  5. [Week-on-week funding trend]On a weekly basis, startup funding declined 32.5% to $162 million this week as compared to $240 million in the previous week.The average funding in the last eight weeks stands around $152 million with 23 deals per week. [ESOP buyback]Edtech company Classplus announced employee stock ownership plan (ESOP) buyback for more than 150 employees. This is the second buyback announcement by the company in the last three years. Visit Entrackr to get the complete details of  Startup Funding and Acquisitions Weekly Report, and more insights.

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