Weekly Funding Roundup for July First Week[4th July - 8th July]

Weekly Funding Roundup for July First Week[4th July - 8th July]

After we saw Bengaluru-based startups dominate June, the first week of July saw new names on the chart. July's first week saw 25 Indian startup businesses acquiring finance, with 22 receiving around $89.69 million. Innoviti and MarketWolf raised the most, $35 million, $25 million, and $10 million, respectively. This figure is among the lowest totals accrued in a week. 

Among all these, the notable thing is that around 19 homegrown startups collected around $275.38 million, which says a lot about smart and talented minds.  

Growth/Late-Stage Deals

Among the only 2 growth and late-stage startups that have collected funds, Innoviti’s $25 million round and agritech startup WayCool’s $6.5 million debt round topped the charts.

Sr. No.

Startup Name

Segment

Amount Raised (In Mn $)

Series

Valuation [on round]

Lead Investor/s

Investors Participated

1

Innoviti

Fintech

25

Series D

Undisclosed

Panthera Growth Partners.

Alumni Ventures, Patni Family Office and FMO and Bessemer Venture Partners

2

WayCool

Agritech

6.5

Debt

Undisclosed

Stride Ventures

N/A

 

 

TOTAL

31.5

 

 

 

 

Early-stage deals 

23 startups have successfully raised funds in the early-stage agreements, including three undisclosed rounds. Fintech startup MarketWolf topped the list with a $10 million Series A round. Mobile-based POS startup QueueBuster and edtech startup AntWalk are present in the list too.

Sr. No.

Startup Name

Segment

Amount Raised (In Mn $)

 

Series

Valuation on the first round

Lead Investor/s

1

MarketWolf

Fintech

10

Series A

 

Jungle Ventures and Dream Capital

2

QueueBuster

PoS

8.16

Undisclosed

 

Chiratae Ventures, Omidyar Network India and Flourish Ventures

3

AntWalk

Edtech

7.5

Undisclosed

 

GSV Ventures

4

Acefour Accessories

D2C travel accessories

7

pre-Series A

 

Sixth Sense India Opportunities III

5

Baker’s Dozen

D2C bakery

5

pre-Series A

 

Fireside Ventures.

6

Ensuredit

Insurtech

4.2

pre-Series A

 

Cover Genius

7

BuildNext

Proptech

3.5

pre-Series A

 

Madhumala Ventures

8

Finvu AA

Fintech

2.5

Undisclosed

 

Varanium Nexgen Fund, IIFL, DMI Sparkle Fund

9

Kreedo

Edtech

2.3

pre-Series A

 

UBS Optimus Foundation, Spectrum Impact, Gray Matters Capital and 1Crowd

10

GrowthX

Edtech

1.5

Undisclosed

 

212 angel investors

11

Lightbulb.ai

AI

1.5

pre-seed

 

Chiratae Ventures and 9Unicorns.

12

Climes

Climate tech

1.2

Maiden

 

Sequoia Capital India, Kalaari Capital, Avaana Capital and Nithin Kamath.

13

Zyla Health

Healthtech

1

pre-Series A

 

Seeders

14

Hustlers Hospitality

Foodtech

0.88

Seed

 

Falisha Technoworld

15

Snooplay

E-commerce

0.53

Seed

 

Amogh Kumar Gupta

16

Visa2Fly

Visa booking

0.41

pre-seed

 

ODX, MarsShot VC (Razorpay Founders), Kepler Operator’s fund

17

Bhatia Labs

SaaS

0.4

Seed

 

Eureeca Holdings

18

Degpeg

Live commerce

0.36

Undisclosed

 

The Chennai Angels

19

AirAttix

Storage and parking

0.15

pre-Series A

 

Indian and American investors

20

Evify

EV logistics

0.1

Seed

 

We Founder Circle

 

 

TOTAL

58.19

 

 

 

Undisclosed deals   

PayCardo, Supply6, and Agrograde did not provide their financial details. 

Sr. No.

Startup Name

Segment

Lead Investor/s

Headquarter

Founders

1

PayCardo

Mobility

MaGEHold

Pune

Vivek Kumar Choubey

2

Supply6

D2C Health

Ah! Ventures, Silicon Road Ventures, MaGEHold, and Ravina Ventures

Bengaluru

Vaibhav Bhandari

3

Agrograde

Agritech

CIIE.CO, Social Alpha, and Villgro

Pune

Kshitij Thakur

City and segment-wise fundings 

Fintrackr’s data indicates that Bengaluru topped the charts again after the previous month’s dominance, with 8 Bengaluru-based startups raising funds adding up to $40.56 million, which is 45.22 % of the total funding. Delhi-NCR-based startups weren’t far behind on the line, raising $15.5 million across 6 deals.

Acquisitions this week

Apart from the numerous fundraisings, there were three notable acquisitions too. The list includes the acquisition of shipping solutions platform Shippigo by Emiza and CimplyFive by Clear. 

Acquired by

Segment

Acquisition Type

Startup/Company

Segment

Deal Size($Mn)

Emiza

Logistics

Acquired

Shippigo

Shipping solutions

-

Clear

Online taxation software

Acquired

CimplyFive

Fintech

-

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