Tag: M&A

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

Ecosystem Weekly | 31st Oct’21

October 31, 2021

Acko turns unicorn with $1.1B valuation after raising $255M in a round led by General Atlantic and Multiples
Insurtech startup ACKO Insurance, founded five years ago, is the latest to join the unicorn club after raising $255 million in Series D round, which has valued the company at $1.1 billion.
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Investment platform Groww raises $251M in Series E led by Iconiq Growth
“Online trading platform Groww on Monday announced that it had raised $ 251 million at a valuation of $3 billion, led by Iconiq Growth., Alkeon, Lone Pine Capital and Steadfast, Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global & Propel Venture Partners were also significant participants in the round.”
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based hyperlocal ecommerce platform LoveLocal has raised $18 million in Pre-Series B Funding from Vulcan Capital, Sebastian Siemiatkowski’s Flat Capital, Alumni Ventures Group and Commerce Ventures
  • Bengaluru-based technology-led NBFC startup Avanti Finance has raised $15 million in Series A2 Funding from Oikocredit, Nomura, The Bill & Melinda Gates Foundation and Dr K R Shroff Foundation
  • Chennai-based legaltech startup Vakilsearch has raised $10 million in Funding from InCorp India and Kalaari Capital
  • Indore-based full-stack agri-tech platform Gramophone has raised $10 million in Funding from Z3Partners, Info Edge, Asha Impact, Siana Capital, Amit Sharma, Sumeet Kanwar and Havmor Group
  • Bangalore-based AI-powered startup Instoried has raised $8 million in Funding from Pritt Investment Partners and 9Unicorns.

Ecosystem Weekly | 24th Oct’21

October 24, 2021

Kunal Shah’s CRED raises $251M at $4B valuation
CRED, a fintech unicorn founded by Kunal Shah, has raised $251 million in a Series E round of funding at a valuation of $4.01 billion. The round, which was co-led by existing backers Tiger Global & Falcon Edge, saw new investors – Marshall Wace & Steadfast – bet on the startup.
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Duroflex raises $60M from Norwest Venture Partners
Bengaluru-based sleep solutions company Duroflex has raised $60 million from Norwest Venture Partners for its house of brands – Duroflex and Sleepyhead.
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Startup News Snippets

M&A News

Market Pulse

  • Gurugram-based edtech startup Questt has raised $7 million in Series A Funding from Celesta Capital, Premji Invest, AET Fund, Titan Capital, First Cheque, MarsShot Ventures and Chiratae Ventures
  • Mumbai-based intra-day options only trading app MarketWolf has raised $6 million in Seed Funding from Anil Thadani, Ashutosh Sinha, Roy Van Leeuwen, Tomas Urbanec, Anuj Srivastava and Ramakant Sharma
  • Noida-based edtech startup ConveGeniuson has raised $5 million in Pre-Seed Funding from BAce Capital, Heritas Capital, 3Lines Venture Capital, Michael and Susan Dell Foundation
  • Ghaziabad-based optical retail chain platform ClearDekho has raised $4 million in Pre-Series A Funding from Aroa Ventures, CK Jaipuria Family Office, NB Ventures, Anuj Sheth, Kitty Agarwal, Anand Chandrasekaran, Nandi Vardhan Mehta, Magnus KJoller Holdings, Mandar Joshi, Venture Catalysts, SOSV MOX, Gemba Capital and others
  • Gurugram-based SaaS exporters platform Sourcewiz has raised $3 million in Seed Funding from Blume Ventures, Alpha Wave Incubation, DisruptAD, Ravi Bhargava, Arvind Limited, Rakshita Agrawal, Wayfair, Dhruvil Sanghvi, LogiNext and Ashish Tulsian

Ecosystem Weekly | 17th Oct’21

October 17, 2021

CarDekho raises $250M in pre-IPO round, reaches unicorn status with $1.2B valuation
Jaipur-headquartered automobile classifieds platform CarDekho on Wednesday announced that it has raised $250 million round of funding, including $200 million Series E equity and $50 million debt in its pre-IPO round.
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SME-focused neobank startup Open raises Rs 735 Cr from Temasek, Google, SBI Investment
Bangalore-based SME-focused neobanking platform Open on Tuesday raised Rs 735 crore ($100 million) as part of its Series C round led by Temasek. It also saw participation from Google, venture capital firm SBI Investment, and existing investors Tiger Global and 3one4 Capital.
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Startup News Snippets

M&A News

Market Pulse

  • Bangalore-based HR tech startup FloCareer has raised $6 million in Series A Funding from Data Point Capital, Uncorrelated Ventures and Orios Venture Partners
  • Bangalore-based Fintech startup Niro has raised $4 million in Seed Funding from Elevar Equity, Kunal Shah, Bala Parthasarthy, Nitin Gupta and the Patni Family office
  • Mumbai-based Edtech startup Creative Galileo has raised $3 million in Funding from Kalaari Capital Partners, Harish Bahl, Shashin Shah, Jinesh Patel, Atul Nishar, Ashwin Puri and Giridhar Malpani
  • Bangalore-based blockchain company Arcana Network has raised $2 million in Funding from Woodstock Fund, Digital Currency Group, Hyperedge, shl.vc, Fenbushi Capital, LD Capital, Paradigm Shift VC, Ganesh Swami, Ajeet Khurana, Builders Tribe, Nishal Shetty, Ajit Tripathi, AU21 and Arcanum Capital
  • Bangalore-based S&D enablement platform AnKa SumMor has raised $2 million in pre-Series A Funding from Inflection Point Ventures, Pratul Shroff, Brijesh Agrawal, IndiaMart and other HNIs

Ecosystem Weekly | 10th Oct’21

October 10, 2021

BYJU’S raises $300M at $18B valuation
Bangalore-based Edtech decacorn BYJU’S continues to raise capital and in the latest development, it has raised close to $300 million at a reported valuation of $18 billion.
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CoinSwitch Kuber turns unicorn; raises $260M from a16z, Coinbase Ventures & existing investors
Bangalore-based Indian crypto exchange CoinSwitch Kuber has announced its $260 million Series C round of funding from Andreessen Horowitz, Coinbase Ventures, Paradigm, Ribbit Capital, Sequoia Capital India and Tiger Global.
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Startup News Snippets

M&A News

Market Pulse

  • Noida-based rural insurtech startup GramCover has raised $7 million in Series A Funding from Siana Capital, Inflexor Ventures, Stride Ventures, Omidyar Network, Flourish Ventures and Emphasis Ventures
  • Hyderabad and San Francisco-based a provider on-demand cloud communication services provider Ozonetel has raised $5 million in Series A Funding from Stakeboat Capital
  • Bangalore-based blue-collar workforce management platform Smartstaff has raised $4.3M in Funding from Blume Ventures, Nexus Venture Partners, Arkam Ventures, Gemba Capital and other HNIs
  • Bengaluru-based employee benefits and insurtech platform PazCare has raised $3.5 million in seed Funding from BEENEXT, 3one4 Capital, Kunal Shah, Ashneer Grover, Aprameya R, Zishaan Hayath, Ashish Hemrajani and Haresh Chawla
  • Gurgaon-based ecommerce enablement startup ANS Commerce has raised $2.2 million in Pre-Series A Funding from Gokul Rajaram, Venture Catalysts, 9Unicorns, Kunal Shah, Kunal Bahl, Rohit Bansal, Umang Kumar, Varsha Rao, Manik Gupta, Shobhit Singhal and Archishman R

 

Ecosystem Weekly | 3rd Oct Sep’21

October 3, 2021

Meesho raises $570M from Fidelity and B Capital at $4.9B valuation
Bangalore-based Social commerce platform Meesho has raised $570 million at a valuation of $4.9 billion. The round was led by Fidelity Management and Research Company and B Capital Group. The round also saw participation from existing investors Prosus Ventures, SoftBank Vision Fund 2, and Facebook. Other new investors include Footpath Ventures, Trifecta Capital, Good Capital and others.
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Ola Electric raises over $200M at $3B valuation
Bangalore-based Ola’s electric vehicle (EV) division, Ola Electric, raised over $200 million led by Falcon Edge, Softbank and others
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Startup News Snippets

M&A News

Market Pulse

  • Pune-based health insurance distribution startup Loop Health has raised $12 million in Series A Funding from Elevation Capital, General Catalyst, Vonid Khosla, YC Continuity Fund, Tribe Capital, Amit Kumar Agarwal, Ramakant Sharma, Vidit Aatrey, Sanjeev Barnwal and Eren Bali
  • Gurgaon-based hyperlocal and EV-based last-mile delivery startup Zypp Electric has raised $7 million in Series A Funding from 9Unicorns, Anthill Ventures, Nanavati Family Office, We Founder Circle, Riso Capital Fund, Dholakia Ventures, Venture Catalysts, IAN FundTarun Saraf, Rahul Khera, Arjun Seth and Mark Joseph
  • Bangalore-based blockchain monitoring and investigative platform Merkle Science has raised $6 million in Series A Funding from Darrow Holdings, Kraken Ventures, Bain-backed Uncorrelated Ventures, Fenbushi Capital, Token Bay Capital, Kenetic and Lunex Ventures
  • Mumbai-based agri-commerce startup SuperZop has raised $4 million in Series A Funding from Incofin’s India Progress Fund
  • Bangalore-based deeptech startup Astrome has raised $3 million in Bridge Funding from IAN Fund, Urania Ventures and Lakshmi Narayanan
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