Funding and acquisitions in Indian startup this week [May 26 – May 31]

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During the week, 19 Indian startups raised a total of approximately $205.76 million, including 5 growth-stage and 12 early-stage deals, while two startups kept their funding undisclosed.

In comparison, the previous week saw 21 startups across early and growth stages secure around $139.5 million.

[Growth-stage deals]

Growth and late-stage funding totaled nearly $118.2 million this week led by healthtech startup Citykart in its Series B round led by TPG NewQuest followed by consumer tech startup Snabbit who raised $19 million in its Series B round. Mufin Green secured $15 million in a debt round. Logistics firm Fleetx and agritech firm Sumunnati have also raised funding this week.

[Early-stage deals]

Further, 12 early-stage startups collectively raised a total of $87.56 million in funding. Fintech startup Saarthi Finance led the early-stage funding with a $55.5 million Series A round followed by e-commerce startup Slikk, deeptech startup Frinks AI, and AI firm Unbound among others.

E-commerce startup Estailo, and travel tech brand Gyde XP also raised a sum but did not disclose the amount raised.

For a detailed funding breakdown, visit TheKredible.

[City and segment-wise deals]

In terms of the city-wise number of funding deals, Bengaluru-based startups led with 8 deals followed by Delhi-NCR with four deals. Mumbai, Chennai, Surat, Ahmedabad based startups also bagged deals.

Segment-wise, fintech and e-commerce startups are at the top spot with four deals each. Deeptech and agritech startups followed with two deals each. Retailtech, AI, consumer tech and logistics and others also bagged the deals.

[Series-wise deals]

During the week, Series A and Seed funding led with deals followed by pre-seed , Series B, pre-Series A and others.

[Week-on-week funding trend]

On a weekly basis, startup funding inclined by 47.50% to $205.76 million as compared to around $139.5 million raised during the previous week.

The average funding in the last eight weeks stands at around $198 million with 24 deals per week.

[Key Hirings & Departures]

This week saw two notable hirings across companies. Beauty and personal care brand Nat Habit has announced the appointment of Kushal Gupta as Chief Retail Officer (CRO). MathCo, an enterprise AI and analytics company has announced the appointment of Richa Sharan as new head of Human Resources Business Partner (HRBP).

Visit TheKredible for more details

[Mergers and Acquisitions]

Bengaluru-based Jumbotail Technologies’ has acquired B2B e-commerce platform Solv. Open-source project management startup Plane has acquired Sort, a US-based engineering team. Professional education firm Imarticus Learning has acquired edtech startup MyCaptain for Rs 50 crore (approximately $6 million), marking its fourth acquisition in the past four years.

Visit TheKredible for more details

[Fund Launch]

Info Edge (India) Limited, the parent company of Naukri.com, has received shareholder approval for a related party transaction involving an investment of up to Rs 1,000 crore (around $118 million). Private equity firm Multiples Alternate Asset Management has raised $430 million for a continuation fund. The International Finance Corporation (IFC) has proposed an equity investment of up to $30 million in L Catterton India Fund (Fund I).

Visit TheKredible to see series-wise deals along with amount breakup, and more insights.

[Financial results this week]

▪️Infibeam posts Rs 1,160 Cr revenue in Q4 FY25; profit rises 20%.

▪️FirstCry parent’s revenue crosses Rs 1,900 Cr in Q4 FY25; losses surge 74%.

▪️Info Edge posts Rs 750 Cr revenue in Q4 FY25; profit jumps 7.7X.

▪️Medikabazaar rebounds with Rs 1,355 Cr gross revenue in FY24.

▪️ Oxyzo clocks Rs 340 Cr PAT on Rs 1,207 Cr revenue in FY25.

▪️ Ola Electric losses surge 2X to Rs 862 Cr in Q4 FY25, revenue declines 62%.

▪️ Yatra profit spikes 2.7X in Q4 FY25; revenue doubles.

▪️ EaseMyTrip revenue declines 15% in Q4 FY25.

▪️ Zerodha Capital clocks Rs 12.5 Cr profit in FY25.

▪️ Nykaa posts Rs 2,061 Cr revenue in Q4 FY25, profit soars 90%.

[News flash this week]

▪️ Razorpay to pay $150 Mn in taxes for reverse flip to India.

▪️Jar enters UPI payments through BharatPe and Unity Bank.

▪️Groww files confidential DRHP with SEBI.

[Summary]

On a weekly basis, startup funding inclined nearly 47.50% to $205.76 million as compared to around $139.5. million raised during the previous week.

ZStock broking platform Groww has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential route.

Pet food brand Drools claims unicorn status after minority stake by Nestlé.

Fintech unicorn Razorpay is expected to incur a tax liability of approximately $150 million (approximately Rs 1,280 crore) as part of its reverse flip to India.

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