Weekly funding roundup for June fourth week [20 June - 24 June]
![Weekly funding roundup for June fourth week [20 June - 24 June]](/Content/upload/2022/07/whatsapp-image-2022-07-25-at-112001-amjpegOaARrUiY.jpeg)
The fourth week of June saw 31 Indian startup businesses acquiring finance, with 28 of them receiving a total of around $980 million. StashFin and LeadSquared raised the most, a total of $423 million, $270 million, and $153 million, respectively.
Among all these, the notable thing is that around 38 homegrown startups collected around $906.44 million, which says a lot about smart and talented minds all around.
Growth/Late-Stage Deals
Among the 7 growth and late-stage startups that have collected funds, StashFin's $270 million round and LeadSquared's $225 million round topped the charts, followed by FalconX- a Crypto startup, e-commerce platform Cashify and FinTech startup Leap.
Sr. No. |
Startup Name |
Segment |
Amount Raised (In Mn $) |
Series |
Valuation [on round] |
Lead Investor/s |
Investors Participated |
1 |
StashFin |
Fintech |
270 |
Series C |
$700-$800 Mn |
Uncorrelated Ventures, Fasanara Capital and Abstract Ventures |
N/A |
2 |
LeadSquared |
SaaS |
153 |
Series C |
$1 Bn |
WestBridge Capital |
N/A |
3 |
FalconX |
Crypto |
150 |
Series D |
$8 Bn |
GIC and B Capital |
Thoma Bravo, Wellington Management, Adams Street Partners and Tiger Global Management. |
4 |
Cashify |
Re-Commerce |
90 |
Series E |
Undisclosed |
NewQuest Capital and Prosus |
Bessemer, Blume Ventures, Olympus Capital, and Paramark Ventures |
5 |
Leap |
Fintech |
75 |
Series D |
Undisclosed |
Owl Ventures |
Steadview Capital and Paramark Ventures, Jungle Ventures and Sequoia India |
6 |
Chaayos |
Foodtech |
53 |
Series C |
$245-250 Mn |
Alpha Wave Ventures. |
N/A |
7 |
Waycool |
B2B food and agritech |
40 |
Debt |
Undisclosed |
57 Stars Global Innovation Fund |
N/A |
|
|
TOTAL |
831 |
|
|
|
|
Early-stage deals
24 startups have successfully raised funds in the early-stage agreements, including three undisclosed rounds. EV Startup Statiq topped the list with a $25.7 million round. B2B silk startup ReshaMandi and fintech startup FinBox 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 |
Statiq |
EV |
25.7 |
Series A |
|
Shell Ventures |
2 |
ReshaMandi |
B2B silk |
15 |
Series A1 |
|
Creation Investments |
3 |
FinBox |
Fintech |
15 |
Undisclosed |
|
A91 Partners |
4 |
Immuneel Therapeutics |
Biotech |
15 |
Series A |
|
Eight Roads Ventures, True North Fund VI LLP, and F-Prime Capital |
5 |
Annapurna Finance |
Fintech |
15 |
Series A2 |
|
Proparco |
6 |
Satya MicroCapital |
Fintech |
15 |
Undisclosed |
|
Gojo and Company Inc |
7 |
Vahak |
Transport Marketplace |
14 |
Series A |
|
Nexus Venture Partners |
8 |
Matter |
EV |
10 |
Undisclosed |
|
Info Edge’s Capital 2B Fund 1, Climate Angel Fund |
9 |
Neuron7 |
AI |
10 |
Series A |
|
Nexus Venture Partners and Battery Ventures. |
10 |
Spry |
Healthtech |
7 |
Undisclosed |
|
Eight Roads Ventures |
11 |
BatX Energies |
Battery recycling |
1.6 |
Seed |
|
JITO Angel Network |
12 |
CloudFeather Games |
Gaming |
1.25 |
Seed |
|
Lumikai |
13 |
Settlin |
Proptech |
1 |
pre-Series A |
|
Powerhouse Ventures, Rajesh Sawhney founded-GSF Fund, and Murugavel Janakiraman, Dinesh Agrawal |
14 |
Perfora |
D2C oral beauty |
1 |
Seed |
|
Sauce.VC |
15 |
Castler |
Fintech |
1 |
Seed |
|
Rainmatter |
16 |
Paavan |
Religious content |
0.5 |
Seed |
|
Waterbridge Ventures |
17 |
Udbhata Technologies |
Risk technologies |
0.38 |
Undisclosed |
|
SucSEED Indovation Fund and Jani Ventures Inc |
18 |
HouseEasy |
Proptech |
0.37 |
Undisclosed |
|
friends and famil |
19 |
Navanc |
Data science |
0.3 |
Seed |
|
Kunal Shah |
20 |
Toqn |
Jewellery |
0.22 |
Undisclosed |
|
Undisclosed |
21 |
Rgyan |
Spiritual tech |
0.16 |
Undisclosed |
|
Paris-based HNI |
|
|
TOTAL |
149.48 |
|
|
|
Undisclosed deals
NutriGlow, Plum, and GIVA Jewellery did not provide their financial details.
Sr. No. |
Startup Name |
Segment |
Lead Investor/s |
Headquarter |
Founders |
1 |
GIVA Jewellery |
E-commerce |
Aditya Birla Ventures and A91 Partners, and Sixth Sense Ventures. |
Bengaluru |
Ishendra Agarwal, Nikita Prasad, and Sachin Shetty |
2 |
NutriGlow |
D2C skincare |
G.O.A.T Brand Labs |
Noida |
Ashish Agarwal |
3 |
Plum |
D2C skincare |
Rashmika Mandanna |
Bengaluru |
Saurabh Arora |
City and segment-wise fundings
Fintrackr's data indicates that Bengaluru topped the charts again after the previous three weeks' top performance, with 15 Bengaluru-based startups raising funds, which adds up to $456.77 million, which is 49.25 % of the total funding. Delhi-NCR, Bhubaneshwar, Ahmedabad, Hyderabad, and Chennai-based startups weren't far behind on the line, raising $458.33 million across twelve, while the rest showed 1 deal each.
Acquisitions this week
Apart from the numerous fundraisings, there were four notable acquisitions too. The list includes the acquisition of game development studio Upskillz Games by WinZo, VMotive by FIXCRAFT, Blinkit by Zomato, and Setu by Pine Labs.
Acquired by |
Segment |
Acquisition Type |
Startup/Company |
Segment |
Deal Size($Mn) |
WinZo |
Vernacular interactive entertainment |
Acquired |
Upskillz Games |
game development studio |
- |
FIXCRAFT |
Car repair service |
Acquired |
VMotive |
automotive spares |
- |
Zomato |
Foodtech |
Acquired |
Blinkit |
Quick commerce |
568 |
Pine Labs |
Merchant commerce |
Acquired |
Setu |
fintech infrastructure |
70 |