Week-on-week startup funding had a spike for the second consecutive week, as a total of 24 Indian startups cumulatively raised $195.2 Mn from November 24-28, up 14% from $171 Mn raised in the previous week.

Ripplr's $45 Mn Series C round was the biggest deal of the lot, followed by the $35 Mn infusion into Square Yards by Smilegate VC. Not far behind was Neo Group, which raised $25 Mn from Crystal Investment Advisors and other investors.

Here's a look at all the deals of the week:

Funding Galore: Indian Startup Funding Of The Week [ Nov 24 - 28 ]

Source: Inc42
* A combination of debt and equity investment
** Funding round from last week

Key Startup Funding Highlights Of The Week

• Another week and the fintech sector continued to be investors' favorite segment. The segment witnessed a total of 7 deals, across which startups cumulatively raised $48.5 Mn.
• Cleantech also managed to be one of the most prominent sectors with 4 startups raising a total of $20.5 Mn this week.
• 3one4 Capital, South Park Commons, and gradCapital were the most active investors this week, backing two startups each.

Startup IPO Updates This Week

• B2B contract-manufacturing company Zetwerk hired six major investment bankers - including Kotak Mahindra Capital, JM Financial, Avendus Capital, and the Indian arms of HSBC, Morgan Stanley, and Goldman Sachs - to helm its $750 Mn IPO.
• Aequs IPO will open for subscription on December 3. The company set the price band at INR 118-124 per share, implying a valuation of around INR 8,316 Cr ($930 Mn) at the upper end. It has reduced its IPO size to the fresh issue of INR 670 Cr, and the offer-for-sale (OFS) will comprise around 2.03 Cr shares.
• The ecommerce giant Meesho has set the price band for its IPO at INR 105-111 per share. The issue will open on December 3. At the upper end of the price band, the IPO will value the company at INR 50,096 Cr (about $5.6 Bn).
• SaaS unicorns Fractal Analytics and Amagi Media Labs received SEBI's approval to proceed with their public issues. While Fractal's IPO will comprise a fresh issue of up to INR 1,279.3 Cr and an OFS component of up to INR 3,620.7 Cr, Amagi's public listing will offer a fresh raise of up to INR 1,020 Cr and an OFS of up to 3.41 Cr.

Mergers And Acquisitions Updates

• Business accounting startup Vyapar acquired AI-powered accounting automation startup Suvit in an undisclosed financial deal. With this acquisition, Vyapar aims to enhance its digital compliance capabilities for MSMEs.
• Listed auto classifieds platform CarTrade dropped the idea of acquiring CarDekho's parent entity Girnar Software Private Limited. However, the listed entity did not disclose the rationale behind the fall through of this potential deal.

Fund Updates This Week

• Mobility-focused VC firm AdvantEdge founders claimed that it generated 11X returns from its first fund, AdvantEdge Fund I, driven primarily by the firm's partial exit from Rapido.
• VentureSoul Partners plans to close its maiden INR 600 Cr venture debt fund by February 2026. It has secured commitments for the INR 300 Cr base fund, of which 72% has already been received, and is now raising an additional INR 300 Cr via a greenshoe option.