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Ecosystem Weekly | 9th Jan’22

January 9, 2022

TPG invests $360M in AI and advanced analytics solutions provider Fractal
New York, US, and Mumbai-headquartered artificial intelligence (AI) and advanced analytics solutions provider Fractal on Wednesday announced raising $360 million from TPG Capital Asia, the Asia-focused private equity platform of global alternative asset firm TPG.
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Indian e-commerce Udaan raises $250 million
The Bengaluru-headquartered startup has raised $200 million via a convertible note and an additional $50 million as debt, its chief financial officer Aditya Pande told employees in an internal email.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based finance platform for MSMEs Rupifi has raised $25 million in Series A funding from Bessemer Venture Partners, Tiger Global Management, Quona Capital, Ankur Capital and Better Capital
  • Mumbai-based merchant commerce platform Pine Labs has raised $20 million in funding from State Bank of India
  • Mumbai-based fintech startup CASHe has raised $19 million in funding from TSLC
  • Bengaluru-based fintech firm Innoviti Payment has rasied $11 million in Series D funding from Trifecta Debt Fund, Patni Advisors, Bessemer Venture Partners, Sanjoy Bhattacharya and Bharat Jaisinghani
  • Bengaluru-based foodtech startup Living Food has raised $8 million in Series A funding from Amasia

 

Ecosystem Weekly | 2nd Jan’22

January 2, 2022

Zetwerk raises $210 mn from Greenoaks Capital, others at $2.7 bn valuation
Business-to-business (B2B) manufacturing services marketplace Zetwerk Manufacturing Business Pvt Ltd has raised about $210 million as a part of its Series F funding round, led by US-based Greenoaks Capital, according to a regulatory filing.
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GlobalBees joins unicorn club with latest fundraise
Delhi-headquartered ecommerce roll-up company GlobalBees is the latest startup to join India’s unicorn club after raising $111.5 million in a Series B round led by Premji Invest. Steadview Capital.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based gaming startup EsportsXO has raised $1 million in Seed funding from We Founder Circle, Wami Capital, SOSV, Mumbai Angels Network, SucSEED Indovation Fund, The Gaming Lounge and FAAD Network
  • Gurugram-based construction startup Vendor Infra has raised $265K in Angel funding from SK Tripathi, Sanjeev Gupta, Amit Agarwal, Narayan Ramaswamy, Dinesh Arora and Puneet Chandra
  • Gurugram-based hair extension manufacturing startup Hair Forever has raised $150K in Pre-seed funding from angel investors
  • Noida-based artisanal brand The Gourmet Jar has raised $150K in funding from DevX Venture Fund
  • Hyderabad-based ice popsicle brand Skippi IcePops has raised $134K in funding from Shark Tank India

Ecosystem Weekly | 26th Dec’21

December 26, 2021

OfBusiness valued at nearly $5 billion after $325 million in new funding
OfBusiness, a business-to-business (B2B) commerce startup, said it has raised $325 million from Alpha Wave Global (formerly Falcon Edge Capital), Tiger Global and SoftBank Vision Fund 2.
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India’s Cars24, a used-vehicle sales platform, raises $400M, now at a $3.3B valuation, to double down on growth
Cars24, a startup out of India that has built an app and website for selling used cars and motorbikes, has raised $400 million: a Series G of $300 million in equity and a further $100 million in debt. Alpha Wave Global is leading this Series G.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based cycle maker Ninety One has raised $30 million in Series A funding from A91 Partners, Fireside Ventures, Avaana Capital and Titan Capital
  • Delhi-based healthtech Sirona Hygiene has raised $13 million in Series B funding from The Good Glamm Group
  • Bangalore-based logistics ecosystem platform Ripplr has raised $12 million in Series B funding from Sojitz Corporation, Stride Ventures, 3one4 Capital, Zephyr Peacock India Growth Fund, Chand Family Office, Vivek, Abhay, Aniketh and Ashish
  • Pune-based supply chain robotics technology startup Unbox Robotics has raised $7 million in Series A funding from 3one4 Capital, Sixth Sense Ventures, Redstart Labs, Pramod Ghadge, Shahid Memon, Rohit Pitale, Arali Ventures, WEH Ventures, BEENEXT, Force Ventures, Dr Vijay Kedia, Aditya Singh, Pavitar Singh, Rahul Chaudhary, Nikhil Vora, Kathan Shah and Veda VC
  • Bangalore-based audio romance and friend discovery startup FRND has raised $7 million in Series A funding from KRAFTON, India Quotient and Elevation Capital

Ecosystem Weekly | 19th Dec’21

December 19, 2021

ShareChat parent Mohalla Tech valued at $3.7B in new round
Mohalla Tech, the parent company of short video format app Moj and Indian language-focused social media platform ShareChat, has announced raising $266 million in Series G round of funding led by US-based Alkeon Capital, Temasek, Moore Strategic Ventures, Harbourvest and India Quotient.
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Healthtech startup Pristyn Care becomes latest unicorn after raising $96M
The healthtech startup will be using the funding to enhance its offerings by adopting the latest surgical technologies, expanding into new disease categories, and further developing its product and technology.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based SME tech startup TranZact has raised $7 million in Series A funding from Tribe Capital, Prime Venture Partners, Gemba Capital, Kae Capital, Suhail Sameer, Sriram Krishnan, Devendra Rane, Giridhar Malpani and Krishna Khandelwal
  • Bengaluru-based foodtech startup Third Wave Coffee Roasters has raised $6 million in Series A funding from Sujeet Kumar, Arpan Sheth, Ayyappan Rajagopal and other HNIs
  • Hyderabad-based interactive and immersive learning app Practically has raised $5 million in funding from NB Ventures, Earlsfield Capital, Almoe Group of Companies and Ncubate Capital
  • Gurugram-based e-mobility technology platform MoEVing has raised $5 million in Seed funding from DS Brar, Anshuman Maheshwary, Dr Srihari Raju Kalidindi, DN Reddy, Ashish Goel, Krishnadeva Veerareddy, Vijay Dutt, Govind Agarwal, Chaitanya Kamdar, Subodh Gupta and Mukesh Tiwari
  • Mumbai-based plant-based nutraceutical seller Plix has raised $5 million in Series A funding from Guild Capital and RPSG Capital Ventures

Ecosystem Weekly | 12th Dec’21

December 12, 2021

Shiprocket announces $185M Series E round co-led by Zomato, Lightrock and Temasek
E-commerce shipping and enablement platform Shiprockethas raised $185 million in a Series E round of funding led by Zomato, Temasek Holdings and Lightrock. The round also saw participation from Moore Strategic Ventures, 9Unicorns, InfoEdge Ventures and March Capital.
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Bizongo raises Rs 825 Cr in Series D round led by Tiger Global
Bizongo, the B2B startup focused on the packaging industry, has raised Rs 825 crore in its Series D round of funding led by Tiger Global, according to regulatory filings. The startup’s filings with the Registrar of Companies (RoC) reveal that it has issued 10 equity shares of 121,510 Series D2 Compulsorily Convertible Preference Shares (CCPS) at a price of Rs 67,890 per share to ten subscribers.
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Startup News Snippets

M&A News

Market Pulse

  • Gurgaon-based edtech startup PlanetSpark has raised $14 million in Series B funding from Prime Venture Partners, Binny Bansal, Deep Kalra, Dr Ashish Gupta, Gokul Rajaram and Shirish Nadkarni
  • Vadodara-based EV charging startup Charge+Zone has raised $10 million in funding from Venture Catalysts
  • Mumbai-based P2P lending platform LenDenClub has raised $10 million in Series A funding from Tuscan Ventures, Ohm Stock Brokers, Artha Venture Fund, Kunal Shah, Alok Bansal, Ramakant Sharma, Hardik Pandya and Krishna Bhupal
  • Mumbai-based insurtech player Probus Insurance has raised $7 million in funding from BlueOrchard Impact Investment Managers
  • Bengaluru-based social trading platform Trinkerr has raised $7 million in Series A funding from Accel India

Ecosystem Weekly | 5th Dec’21

December 5, 2021

Fintech startup Slice turns unicorn after raising $220M led by Tiger Global, Insight Partners
Bengaluru-based fintech startup Slice is the latest entrant into the unicorn club, with a five-fold jump in valuation to $1 billion within six months. The startup, which issues credit cards targeted at young professionals, raised $220 million in its Series B round led by New York-based investment firms Tiger Global & Insight Partners.
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Curefit raises $145M from Zomato, others
Fitness platform Curefit Healthcare Pvt Ltd which owns and operates fitness platform Cult.fit has raised $145 million led by food technology Zomatoand a group of investors and individuals, according to filings made with the Ministry of Corporate Affairs.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based edtech startup 21k School has raised $5 million in pre-series A funding from Ronnie Screwvala
  • Hyderabad-based edtech startup NxtWave has raised $3 million in pre-series A funding from Orios Venture Partners and Better Capital
  • Mumbai-based health and wellness startup Mosaic Wellness has raised $1 million in funding from Spring Marketing Capital
  • Gurugram-based Information Technology & Services firm BizzTM has raised $1 million in seed funding from 2am VC, Axilor and other HNIs

Ecosystem Weekly | 29th Nov’21

November 28, 2021

Spinny raises $248M, turns unicorn
Used car marketplace Spinny has raised Rs 1,849.45 crore ($248 million approximately) from returning and new investors as part of its Series E round, according to filings made with the Registrar of Companies.
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NoBroker.com turns unicorn after raising $210M in Series E round
Proptech startup NoBroker said it has raised $210 million in its Series E funding round, with its valuation crossing $1 billion and making it the latest entrant to the coveted unicorn club.
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Startup News Snippets

M&A News

Market Pulse

  • Pune-based AI-based industrial robots manufacturer Haber has raised $20 million in Series B funding from Ascent Capital, Accel, Elevation Capital, Beenext, Mukul Chawla, Samay Kohli and Akash Gupta
  • Bangalore-based e-commerce firm RentoMojo has raised $20 million in funding from Accel and Bain Capital, Geetansh Bamania and Ajay Nain
  • Pune-based housing finance company Altum Credo has raised $12 million in funding from Amicus Capital, Aavishkaar Capital and PS Pai
  • Delhi-based electric vehicle maker Euler Motors has raised $10 million in Series B funding from QRG Investments and Holdings
  • Delhi-based D2C brand Sleepy Owl Coffee has raised $7 million in Series A funding from Rukam Capital, DSG Consumer Partners with Dexter Capital

Ecosystem Weekly | 21st Nov’21

November 21, 2021

Mensa turns unicorn within 6 months of inception with $135M Series B investment
The D2C (direct-to-consumer) house of brands startup Mensa Brandshas raised Series B funding of $135 million at a valuation of over a billion dollars. Mensa is now one of the fastest unicorns in Asia, after attaining the status within six months of its inception.
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Trifecta Capital announces the first close of Trifecta Venture Debt Fund–III at Rs 750 Cr
Trifecta Capital on Wednesday announced that it has achieved the first close of its third venture debt fund, Trifecta Venture Debt Fund – III, having secured investor commitments of Rs. 750 crores within two months of the launch of the Fund.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based crypto exchange platform Defy has raised $6 million in seed funding from Goat VC, JAM Fund, Goodwater Capital, Gemba Capital, Night Ventures, GMO Venture Partners, Uncommon Capital, Soma Capital, Olive Tree Capital and Better Capital
  • Bengaluru-based stock analysis platform Tickertape has raised $5 million in seed funding from smallcase
  • Ahmedabad-based FoodTech Startup Petpooja has raised $5 million in funding from Aroa Ventures, GVFL, Udaan, Dr Mayur Desai and other HNIs
  • Gurugram-based fintech startup SalaryBox has raised $4 million in seed funding from Y-Combinator, AME Cloud Ventures, Soma Capital, 2AM Ventures, Gokul Rajaram, Sriram Krishnan and Anand Chandrasekaran
  • Bengaluru-based insurtech and healthtech startup Clinikk has raised $4 million in pre-series A funding from MassMutual Ventures, Kunal Shah, Rohit M.A., Anjali Bansal, Stanford Angels and other HNIs

 

 

Ecosystem Weekly | 14th Nov’21

November 14, 2021

Zoomcar raises $92M from SternAegis Ventures, others
Car-sharing marketplace Zoomcar on Monday said it had completed a $92 million private placement led by New York City-based SternAegis Ventures with participation from international family offices and institutional investors.
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Trade finance startup Vayana Network raises Rs 283 Cr in Series C funding
Trade finance platform Vayana Network said it has raised Rs 283 crore in a Series C funding round led by Chiratae Ventures, CDC Group, Jungle Ventures, March Capital, Marshall Wace, and some family offices in India and abroad.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based EV battery swapping network Battery Smart has raised $7 million in Pre-Series A funding led by Blume Ventures, Orios Ventures, Green Frontier Capital, Baring Private Equity India, Srinivas Anumolu, K Ganesh, Niraj Singh and Amit Bhasin
  • Gurugram-based HR Tech startup Advantage Club has raised $5 million in Pre-Series A funding from Y Combinator, Jetty Ventures, Earlsfield Capital, SMC Advisors, Kunal Shah and other HNIs
  • Bengaluru-based NFT startup Lysto raised $3 million in Seed funding from BEENEXT, Better Capital, Cloud Capital, Binny Bansal, Sandeep Nailwal, Jaynti Kanani, Pradyumna Agarwal, Nitish Mittersain, Kunal Shah, Ashish Hemrajani, Parikshit Dhar, Anupam Mittal, Ashish Gupta and Kumar Sudarsa
  • Bengaluru-based EV charging platform ElectricPe has raised $3 million in Seed funding from Blume Ventures, Micelio Fund, Anshuman Bapna, Anupam Mittal, Arjun Ravi Sheth, Ashish Goel, Bhuvan Gupta, Jasminder Singh, Khadim Batti, Vara Kumar, Mukul Rustagi, Murthy Aradhi, Nikheel Kamble, Pallav Singh, Ramakant Sharma, Relentless VC, Saurabh Aggarwal, Soumitra Mishra, Supermorpheus and Tonmoy Shingal
  • Mumbai-based OTT platform The Viral Fever has raised $2 million in Debt funding from BlackSoil

Ecosystem Weekly | 07th Nov’21

November 7, 2021

Grocery delivery startup Zepto raises $60M as early-stage round at $225M valuation
Mumbai-headquartered grocery-delivery startup Zepto on Monday said it raised an early-stage funding round worth $60 million, at a valuation of $225 million.
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Neo-bank Fi raises $50M in Series B round from B Capital Group, Falcon Edge, others
Bengaluru-based neo-bank Fi has raised $50 million in funding led by B Capital Group, Falcon Edge, Sequoia Capital and Ribbit Capital.
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Startup News Snippets

M&A News

Market Pulse

  • Gurugram-based video-based social commerce startup Kiko Live has raised $1 million in pre-Series A funding from SOSV, GSF Accelerator, Venture Catalysts, Dinesh Agarwal and Amarjit Batra
  • Mumbai-based backpacker hostel chains The Hosteller has raised $1 million in funding from FAO Ventures, CA Holding LLP, SUNiCON Ventures, Shubhkam Ventures, Jito Angel Network and FAAD Network
  • Hyderabad-based talent intelligence startup TurboHire has raised an undisclosed amount of funding from Francisco Arcilla, Samir Khosla, Sanjay Balram and Monish Darda
  • Bengaluru-based spacetech startup SatSure has raised an undisclosed amount in equity funding from Baring Private Equity India
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