This week’s M&A and financing roundup: May 20-25

The past week saw a mix of investments, with startups raising $58.36 million across 16 deals, down 52% from last week’s $121.8 million raised across 21 deals. Of all sectors, the Fintech sector turned out to be the investor’s favorite this week, and start-ups from this sector raised USD 23.9 million in 4 transactions. On the other hand, investors opted for seed funding as it jumped more than 4 times this week to $13.12 million from $3.5 million last week. So who are the top players receiving funding this week in India? Let’s check it!

1. Navi Finserv receives $18 million from multiple investors

Navi Finserv, run by Flipkart co-founder Sachin Bansal, has raised the amount $18 million from multiple investors including Kairus Shavak Dadachanji, Pervin Kairus Dadachanji, Rishad Kairus Dadachanji, Rohit Kapadia, Sandhya Kapadia and Yash Kapadia. This B2C fintech company has raised funding through a debt financing round.

2. UnifyApps raises $11 million from Elevation Capital

Enterprise-tech company, UnifyApps has collected a total of $11 million to Capital of ascent. UnifyApps, a B2B company in the Horizontal SaaS industry as a subsector of its offer, received financing in seed funding round.

3. Varthana

Varthana, a fintech company, has received $3.2 million in funding from Triodos Investment Management. This B2B-B2C transaction at Lendingtech did not disclose the type of financing round received for the investment.

4. Portl receives $3 million from the Bharat Innovation Fund

Health technology company Portl recently raised $3 million in funding from multiple investors including Bharat Innovation Fund, Kalaari Capital and T-Hub Foundation. This B2C Fitness & Wellness brand has kept information about the type of financing secret.

5. NoPo Nanotechnologies raises $3 million from Axilor Ventures and Inflexor Ventures

NoPo Nanotechnologies recently raised $3 million in funding from investors namely Axilor Ventures, Inflexor Ventures, Spectrum Impact and Aureolis. IoT & Hardware B2B Company Closed Pre-Series A Round Financing.

Mergers and acquisitions this week

– B2B fintech startup CashFlo has acquired GST-compliant platform Logitax for an undisclosed amount.

– VC fund YourNest Venture Capital has partnered with SanchiConnect, a deep tech support platform, to launch an accelerator for deep tech startups, the Velocity Fast Track startup financing program.