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

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

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

-

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