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

Jul 26, 2022

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