Funding and acquisitions in Indian startups this week [08-13 Jan]
                     
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.
• Last week, around 17 growth and early stage startups collectively raised nearly $88.7 million, including 
two undisclosed deals.
[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.
• 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]
• 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.
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