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From Groww To Sanlayan — Indian Startups Raised $568 Mn This Week

  • Indian startups raised $567.5 Mn across 19 deals between June 9 and 14, a 322% jump from the previous week.
  • Fintech dominated with an infusion of $339.7 Mn, followed by ecommerce at $172 Mn; Groww, CRED, and Spinny secured substantial funding.
  • Seven startups at the seed stage raised $14.1 Mn, marking an 83% increase from the previous week.
  • PharmEasy-backed ArisInfra filed for a $66 Mn IPO, while Meesho and Wakefit made significant IPO progresses.
  • Mergers & acquisitions included Nazara acquiring Curve Games, WLDD acquiring Imagined Studio, and ICRA purchasing Fintellix.
  • Other notable funding and acquisitions include Infibeam's plans for a $91.5 Mn raise, GIVA's $450 Cr raise, and Rapido looking to secure $15 Mn from Nexus Venture Partners.
  • AbleCredit is set to raise $5 Mn, and Kazam is raising $6 Mn in a funding round led by Vertex Ventures.

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