Weekly Funding Roundup for June Second Week[06 June - 10 June]

Jun 30, 2022

The second week of June saw 37 Indian startup businesses acquiring finance, with 31 receiving around $600.38 million. Cred and PhysicsWallah raised the most, a total of $240 million, $140 million, and $100 million, respectively.

Among all these, the notable thing is that homegrown startups collected around $525.81 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, CRED’s $140 million round and PhysicsWallah’s $100 million round topped the charts, followed by Fintech startups Flexiloans and Kissht, Cashify and beauty brand Purplle.

Sr. No.	Startup Name	Segment	Amount Raised (In Mn $)	Series	Valuation [on round]	Lead Investor/s	Investors Participated
1	CRED	Fintech	140	Series F	$6.4 Bn	GIC (via Lathe Investment)	Tiger Global, Sofina Ventures SA, Alpha Wave Ventures and DF International
2	PhysicsWallah	Edtech	100	Series A	$1.1 Bn	Westbridge and GSV Ventures	N/A
3	Flexiloans	Fintech	90	Series B	Undisclosed	Fasanara Capital, MAJ Invest, and Caravel Group chairman Harry Banga’s family office, Sanjay Nayar	N/A
4	Kissht	Fintech	80	Undisclosed	$500 Mn	Vertex Growth and Brunei Investment Agency	Vertex Ventures SEA India and Endiya Partners
5	Cashify	Re-commerce	50	Series E	$250 Mn	Prosus	NewQuest, Paramark, AEP Holdings and Bessemer
6	Purplle	D2C beauty and grooming	33	Series E	$1.1 Bn	South Korea’s Paramark Ventures	Blume Ventures, Kedaara and billionaire Azim Premji’s Premji Invest
7	Lenskart	D2C eyewear	28	Undisclosed	Undisclosed	Avendus Future Leaders Fund II	Temasek, Schroder Adveq
		TOTAL	521

Early-Stage Deals

30 startups have successfully raised funds in the early-stage agreements, including six undisclosed rounds. Way2News, a short news platform, topped the list with a $16.75 million round. B2B content marketplace Pepper Content and fintech startup Jiraaf 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	Way2News	Short news	16.75	Series A		WestBridge Capital and Sashi Reddi
2	Pepper Content	B2B content	14.3	Series A		Bessemer Venture Partners
3	Jiraaf	Fintech	7.5	Series A		Accel Partners, Mankekar Family Office, Aspire Family Office (Dr Bhaskar Shah)
4	Ivy Homes	Proptech	7	Seed		Khosla Ventures, Venture Highway, Y Combinator, GFC, Foundamental, Better Capital, Titan Capital, and Rebright Partners
5	UNI	Fintech	6.39	Debt		Stride Ventures
6	SolarSquare	B2B solar	4	Undisclosed		Good Capital
7	HostBooks	Fintech	3	Series A		Razorpay
8	Text Mercato	B2B content	2.6	pre-Series A		1Crowd, Mount Judi Ventures, and US-based Innospark Ventures
9	ARTH	Fintech	2.5	Undisclosed		DEG
10	Samudai	DAO	2.5	pre-seed		FTX Ventures, Sino Global Capital, A&T Capital, Coinbase Ventures, Lunar Ventures, NxGen, Paradigm Shift Capital
11	Aerotime	SaaS	2	Seed		Nexus Venture Partners, Y Combinator, Sequoia Capital India, SOMA Capital
12	FreshR	Fish and meat	1.2	Undisclosed		Axilor Ventures and 1crowd
13	Wastelink	B2B food upcycling	1.2	Seed		Matterhorn Projects LLP, Indigram Labs Foundation, Sanjiv Rangrass
14	SubCom	Deeptech	1	Seed		YourNest Venture Capital, ISV Capital
15	Spardha	Edtech	1	pre-Series A2		Inflection Point Ventures
16	Intents Mobi	AI	1	Bridge		DevX Venture Fund
17	Alt Co	Foodtech	1	Undisclosed		investors from Singapore, the Middle East, and India
18	Hyphen	Co-living	1	pre-seed		Silicon Valley and Sriram Puthucode
19	Dubverse.ai	AI	0.8	Seed		Kalaari Capital
20	Exprto	Edtech	0.63	Seed		GSF and Angel List USA
21	PMaps	HR tech	0.63	Series A		Indian Angel Network and LetsVenture
22	Woolly Farms	Agritech	0.55	Undisclosed		Mumbai Angels
23	The Gaming Project	Gaming	0.5	Seed		FAAD Network
24	Redbasil	B2B inventory	0.33	Seed		Mumbai Angels
		TOTAL	79.38

Undisclosed Deals

Garuda Aerospace, House Of Brands Company, MoneyyApp, The June Shop, Zaara Biotech and EduGorilla did not make public their financial details.

Sr. No.	Startup Name	Segment	Lead Investor/s	Headquarter	Founders
1	Garuda Aerospace	Spacetech	MS Dhoni	Chennai	Jayaprakash
2	House Of Brands Company	Thrasio	ah! Ventures	Bengaluru	Roopam Nayak and Sreelaj John
3	MoneyyApp	Fintech	GSF Accelerator	Bengaluru	Fayyaz Hussain, Mohit Goyal, and Aaditya Goyal
4	The June Shop	E-commerce	Vijay Subramaniam (Former Head of Content for Amazon Prime Video, India), Pratik Nahata, and Sreekumar Krishnan	Kolkata	Rishav Nahata
5	Zaara Biotech	Biotech	Transcend International	Kerala	Haneef
6	EduGorilla	Edtech	ah! Ventures	Lucknow	Shashwat Vikram

City and Segment-Wise Fundings

Fintrackr’s data indicates that Bengaluru topped the charts again after last week’s top performance, with 14 Bengaluru-based startups raising funds adding up to $173.27 million, which is 28.71 % of the total funding. Delhi-NCR and Mumbai-based startups weren’t far behind on the line, raising $184.83 million across nine and $225.43 million across eight deals.

Acquisitions This Week

Apart from more than 35 plus fundraisings, there were two notable acquisitions too. The list includes the acquisition of healthtech startup Lybrate by Pristyn Care and ezeDox by BetterPlace

Acquired by	Segment	Acquisition Type	Startup/Company	Segment	Deal Size($Mn)
Pristyn Care	Healthtech	Acquired	Lybrate	Healthtech	-
BetterPlace	Blue-collar workforce management	Acquired	ezeDox	No-code workflow builder	-