Weekly Funding Roundup for June Third Week [13 June-17 June]

Weekly Funding Roundup for June Third Week [13 June-17 June]

The third week of June saw 38 Indian startup businesses acquiring finance, with 37 receiving around $906.44 million. ShareChat and upGrad raised the most, a total of $480 million, $255 million, and $225 million, respectively. 

Among all these, the notable thing is that around 37 homegrown startups collected around $600.38 million, which says a lot about smart and talented minds all around.  

 

Growth/Late-Stage Deals

 

Among the 9 growth and late-stage startups that have collected funds, ShareChat's $255 million round and upgrades $225 million round topped the charts, followed by Tea-Coffee chain Chaayos, D2C personal care brank Wow Skin Science and construction good marketplace Infra. Market.

Sr. No.

Startup Name

Segment

Amount Raised (In Mn $)

Series

Valuation [on round]

Lead Investor/s

Investors Participated

1

ShareChat

Vernacular social media

255

Series H

$5 Bn

Google, Times Group and Temasek

N/A

2

upGrad

Edtech

225

Undisclosed

$2.25 Bn

James Murdoch’s Lupa Systems

Educational Testing Service

3

Infra.Market

Construction goods

50

Undisclosed

Undisclosed

Liquidity Group’s MARS Unicorn Fund

N/A

4

Wow Skin Science

D2C personal care

48

Undisclosed

$275-280 Mn

Singapore-based GIC (Waverly Pte Ltd)

N/A

5

Chaayos

Foodtech

45

Series C

$245-250 Mn

Alpha Wave Ventures.

N/A

6

FanClash

E-sports

40

Series B

Undisclosed

Sequoia Capital India, Falcon Edge, Info Edge India and Matic Networks (Polygon)

N/A

7

WeRize

Fintech

15.5

pre-Series B

$115 Mn

3one4 Capital

N/A

8

PayGlocal

Fintech

12

Series B

$110 Mn

Tiger Global

Sequoia Capital India and BeeNext

9

Ecozen

Climate Smart Deep Tech

7

Series C

Undisclosed

Coromandel International’s venture capital arm Dare Ventures

Caspian and Hivos-Triodos Fonds, with Northern Arc, UC Inclusive Credit, Maanaveeya and Samunnati

   

TOTAL

697.5

       

 

Early-stage deals 

 

Twenty-nine startups have successfully raised funds in the early-stage agreements, including one undisclosed round. E-commerce roll-up GOAT Brand Labs topped the list with a $50 million round. B2B manufacturing startup Groyyo and EV startup Battery Smart are present on the list too.

 

Sr. No.

Startup Name

Segment

Amount Raised (In Mn $)

Series

Valuation on the first round

Lead Investor/s

1

GOAT Brand Labs

E-commerce rollup

50

Series A

 

Winter Capital, 9Unicorns, Venture Catalysts, Vivriti Capital and Oxyzo

2

Groyyo

B2B manufacturing

40

Series A

 

Tiger Global

3

Battery Smart

EV

25

Series A

 

Tiger Global

4

Siply

Fintech

19

pre-Series A

 

QI Ventures

5

Plobal

No-code

8.5

Undisclosed

 

Elevation Capital and Bessemer Venture Partners

6

QueueBuster

POS

8.16

Series A

 

Chiratae Ventures, Omidyar Network India and Flourish Ventures

7

Pazcare

Insurtech

8

Series A

 

JAS Fund

8

Procol

B2Bagricultural commodities

5.5

Series A

 

Surge Ventures, Blume Ventures

9

Terra.do

Climate career

5

Seed

 

Avaana Capital

10

DAOLens

DAO

5

pre-seed

 

Nexus Venture Partners, Better Ventures, and iSeed II

11

Mewt

Fintech

4.6

Seed

 

Quona Capital

12

Spendflo

SaaS

4.4

Seed

 

Accel India and venture partner Together Fund

13

Toprankers

Edtech

4

Undisclosed

 

Sixth Sense Ventures

14

Foxtale

D2C skincare

4

pre-Series A

 

Matrix Partners India

15

Innovist

D2C hair

3.5

pre-Series A

 

Accel Partners and 72 Ventures

16

Zeeve

Blockchain

2.65

Undisclosed

 

Leo Capital and Blu Ventures

17

Nume

Fintech

2

Undisclosed

 

Sequoia Capital India, Beenext, Whiteboard Capital

18

Rooba Finance

Crypto

1.3

Seed

 

Inflection Point Ventures

19

VTION

SaaS

1.3

pre-Series A

 

YourNest Venture Capital

20

Gullak

Fintech

1.2

Undisclosed

 

Better Capital and Stellaris Venture Partners

21

Newtrace

Cleantech

1

seed

 

Speciale Invest

22

Koovers

B2B automotive

1

pre-Series A

 

Canbank Venture Capital Fund Ltd, Rajiv M Sanghvi of PPS Group and Naveen Philip

23

TESSOL

Cold chain

0.96

Undisclosed

 

Mela Ventures

24

Kytchens

Foodtech

0.83

pre-Series A

 

Anicut

25

MicroGO

Biotech

0.76

pre-Series A

 

angel investors in Calcutta

26

DPDzero

Fintech

0.5

pre-seed

 

Better capital

27

Yatrikart

Retail chain

0.45

Seed

 

Artha Venture Fund

28

IST Hard Seltzer

Alcobev

0.33

seed

 

Indian Angel Network (IAN)

   

TOTAL

208.94

     

 

Undisclosed deals   

 

Plutoverse did not make public its financial details. 

 

Sr. No.

Startup Name

Segment

Lead Investor/s

Headquarter

Founders

1

Plutoverse

Tech-entertainment

Sandeep Nailwal, Tykhe Block Ventures founder Prashant Malik

Mumbai

Arjun Dhurve

 

City and segment-wise fundings 

 

Fintrackr's data indicates that Bengaluru topped the charts again after the previous two week's top performance, with 21 Bengaluru-based startups raising funds adding up to $504.64 million, which is 55.67 % of the total funding. Delhi-NCR and Mumbai-based startups weren't far behind on the line, raising $162.8 million across nine and $230.79 million across five deals.

Acquisitions this week

Apart from the numerous fundraisings, there were four notable acquisitions too. The list includes the acquisition of customer engagement platform Leanplum by CleverTap, Pickrr by Shiprocket, Pebble by Mensa Brands and Overcart by ControlZ.

 

Acquired by

Segment

Acquisition Type

Startup/Company

Segment

Deal Size($Mn)

CleverTap

retention cloud

Acquired

Leanplum

customer engagement

-

Shiprocket

Shipping and fulfilment

Majority stake

Pickrr

e-commerce SaaS

200

Mensa Brands

Thrasio

Acquired

Pebble

D2C consumer electronics

-

ControlZ

renewed smartphone

Acquired

Overcart

B2B marketplace

-

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