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

Jun 30, 2022

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	-