The Indian startup ecosystem secured $476 Mn funding across 16 deals in the fourth week of May
London-headquartered Builder.ai raised $250 Mn in a Series D funding round led by Qatar Investment Authority (QIA)
Fintech unicorn Yubi has acquired 100% stake in FinFort Infotech LLP, a digital credit analytics company
Further amplifying its fundraising prowess, Indian startups have collectively raised $476 Mn across 16 deals between May 22 and May 27, 2023. This is a 178% jump from $171 Mn raised by Indian startups between May 15 and May 20 across 18 deals.
Further, this week’s funding is a whopping 561% higher than the $72 Mn raised by Indian startups across 17 deals between May 8 and May 13, 2023.
Key Startup Funding Deals Of This Week
- London-headquartered AI-focussed startup Builder.ai raised $250 Mn in a Series D funding round led by Qatar Investment Authority (QIA), making it the biggest fundraiser of the week
- Enterpristech secured top positions both in raising funds and bagging the maximum number of investment deals this week. The sector mopped up $269.9 Mn investment across five deals
- Early-stage startups reported a total funding of $2.7 Mn, a 48% drop as compared to $5.19 Mn raised last week
- Jungle Ventures and Mohan K were the busiest investors this week as they participated in two deals each
Startup Acquisitions Of This Week
- Feminine hygiene startup Sirona entered the sexual wellness category with the acquisition of vegan condom brand Bleü
- Capri Global Holdings – the parent entity of Capri Loans – acquired a 51% stake in CarLelo, an online new car marketplace, for INR 150 Cr
- Fintech unicorn Yubi acquired 100% stake in FinFort Infotech LLP, a digital credit analytics company