B2B startups raised $1.9 bn across 85 deals in April-June

Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, a report by Nasscom-PGA Labs said.
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During the second quarter, 160 funding deals were closed — up 2 percent from the January-March period.

Funding raised in June quarter was at USD 6.5 billion, up by 71 percent quarter-on-quarter.

The biggest deal during the quarter was $800 million fund raised by delivery platform Swiggy, followed by ShareChat ($502 million), Byju’s ($340 million), PharmEasy ($323 million) and Meesho ($300 million), the report said.

Pine Labs raised $285 million, Delhivery $277 million, Zeta USD 2$million, Cred $215 million and Urban Company $188 million in the June 2021 quarter.

Fintech was the most funded sector, accounting for 27 percent of the total deal value in the reported quarter.

This was followed by foodtech (13 percent), enterprise tech (11 percent), edtech (10 percent), and media and entertainment (8 percent).

Growth stage funding accounted for 61 percent of the total deal value.

About 100 startups received funding in the early stage, accounting for 9 percent of the total funding raised.

The report noted that B2B startups raised over $1.9 billion across 85 deals, with an average deal size of $22 million.

The top three B2B funded startups were Zeta, Razorpay and Axtria.

B2C startups raised over $4.2 billion across 75 deals, with an average deal size of $56 million.

Top three B2C funded startups sere Swiggy, ShareChat and Byju’s.

DeepTech startups raised $450 million across 29 deals.