Weekly funding roundup for June fourth week [20 June - 24 June]

Weekly funding roundup for June fourth week [20 June - 24 June]

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

 

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