Startup Funding and Acquisitions Weekly Report [12 – 17 Feb]
                     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. The early stage 
deals also include four startups which kept their transaction details undisclosed.
[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 agrifood fintech 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. 
[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.
[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.
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Report, and more insights.