# Funding and acquisitions in Indian startup this week [15 – 20 July]

This week, 35 Indian startups raised $261.21 million in funding, a 125% increase from the previous week's $116.26 million. Notable growth-stage deals included Urban Company ($38M), Auxilo ($30M), Blacksoil ($24.8M), and BluSmart ($24M). Early-stage startups secured $92.58 million, led by Newme, UptimeAI, and Namma Yatri.
Bengaluru topped city-wise deals with 12, followed by Delhi-NCR and Mumbai. Fintech dominated segment-wise with nine deals. Seed funding led series-wise with 14 deals.
PROMAFT Partners, Yali Capital, and Altern Capital launched significant funds, highlighting investor interest. Swiggy announced a $65 million ESOP liquidity program. Key hires included Girish Venkat at Fisdom and Prashant Gazipur at Delhivery.
Nazara Technologies acquired Paper Boat Apps for Rs 300 crore. Potential deals included Moneyboxx aiming to raise Rs 271 crore. Financial results showed Paytm's Rs 1,501.6 crore revenue and Jio Financial Services' flat growth.
Overall, the Indian startup ecosystem saw dynamic growth and challenges, including financial struggles and security concerns.
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