Weekly Funding Roundup for June Third Week [13 June-17 June]
![Weekly Funding Roundup for June Third Week [13 June-17 June]](/Content/upload/2022/06/weekly-funding-roundup-for-june-third-weekjpegLnT2SOD5.jpeg)
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 |
- |