Financing and acquisitions in Indian startups this week [15 Nov- 20 Nov]

This week, 41 Indian startups raised funds, 30 of which raised $ 350 million. Mensa Brands raised the highest funding at around $ 135 million, followed by Purple, which raised approximately $ 50 million.

In the meantime, the funding of 11 of the total startups funded remained secret.

Growth / Late Startups

Cafeteria brands: E-commerce roll-up Mensa Brands raised $ 135 million from Falcon Edge Capital in its Series B round, led by Alpha Wave Ventures.

purple: The online beauty and grooming marketplace Purplle, which recently announced that it will raise $ 75 million in a new round led by Kedaara Capital, has raised another $ 50 million from a new investor: Premji Invest.

Miracle chef: Wonderchef Home Appliances raised Rs 150 crore, or $ 20 million, from Sixth Sense Ventures, with participation from others such as the Godrej Family Office, Malpani Group and HNIs.

Wingreens farms: Packaged food retailer Wingreens Farms has raised Rs.124 billion ($ 17 million) in one round led by midsize private equity investor Investcorp.

financing

Disprz: Disprz raised $ 13 million in a Series B round led by Dallas Venture Capital and Mars Grow Capital. The existing investors Go1, Tara India Fund IV, Auctus Capital and Kae Capital also took part in the round.

Foodlink: Luxury kitchen brand Foodlink raises $ 8 million in a Series B round from Plutus Wealth Management. The company has raised $ 23 million to date, including the current round.

Petpooja: Restaurant POS and Management Software Petpooja raised $ 4.5 million in a Series B round led by Aroa Ventures. The existing investor Udaan and GVFL, Dr. Mayur Desai and other angel investors participated.

Startups in the early stages

speed: The fintech startup Velocity raised $ 20 million in a Series A round led by Peter Thiels Valar Ventures and other investors such as Presight Capital, iSeed, Maninder Gulati, Zac Price and Philippe De Mota.

GoKwik: Saas startup GoKwik has raised $ 15 million in a Series A round led by Sequoia Capital India. The existing investors Matrix Partners and RTP Global also took part in the round.

GuardianLink: GuardianLink, an NFT tech infrastructure startup, raised $ 12 million in a Series A round led by Kalaari Capital and other private investor groups.

GENLEAP: GenLeap, a Gurugram-based startup that combines technology skills from HR and education segments, has raised Rs 60 crore or $ 8 million in a seed funding round from a group of angel investors.

Mindhouse: The online mental fitness platform Mindhouse is starting its first institutional round. The Gurugram-based startup is raising around $ 6 million from a number of investors. This is Mindhouse’s first round of funding in 2021.

Defy: Defy crypto exchange platform has raised $ 5.5 million led by Goat VC, JAM Fund and Goodwater Capital. Gemba Capital, Night Ventures, GMO Venture Partners, Olive Tree Capital and the existing investor Better Capital also took part in the round.

Ticker tape: Invest-Tech platform Smallcase announced a $ 5 million investment in ticker tape.

clinic: Healthtech and Insurtech startup Clinikk has raised $ 4 million in a pre-series A-round led by MassMutual Ventures, in which Kunal Shah, Rohit MA, Anjali Bansal, Stanford Angels and other celebrities were involved.

Salary box: Gurugram-based fintech startup Salary box announced on Wednesday that it has raised $ 4 million in a new round of seeds from new and existing investors including Y-Combinator, Jerry Yang’s AME Cloud Ventures, Soma capital and 2AM Ventures.

K&L wellness: Health technology startup K&L Wellness announced Wednesday that it had raised Rs 30 billion, or $ 4 million, in a seed round from angel investors – Vimal Kedia and Surendra Kedia of Manjushree Ventures and Narendra Firodia of Sohamm Group Has.

DGV: Dairy Industry-Focused Neo-Banking Startup DGV has raised $ 3.1 million in Pre-Series A Round from Info Edge Ventures and Omnivore.

Doola: StartPack announced today that it has been renamed to Doola and raised $ 3 million in funding. The financing round was led by Nexus Venture Partners with the participation of YCombinator, Hurry Funds, Psion Capital and others.

EyeMyEye: EyeMyEye, an online platform for the eyewear market, raised € 20.5 billion in a pre-Series A round.

Toplyne: SaaS startup Toplyne raised $ 2.5 million from Sequoia Capitals Surge, Together Fund and Angels by Canva, Freshworks and Zoominfo.

Bombay hemp: Ratan Tata-supported Bombay Hemp Company (Boheco) has raised $ 2 million (approx. Rs.15 billion) from the family offices of Achin Kochar of the Vi-John Group, Riteesh Mohan Bakshi and Raghav Mohan Bakshi.

Bert Labs: Artificial intelligence company Bert Labs raised $ 1 million from the Katkar Family Office, Kailash Katkar and Sanjay Katkar, founders of Quick Heal Technologies.

OneRare: OneRare, which claims to be the premier Metaverse platform for food, games and NFTs, has raised $ 2 million led by major blockchain VCs like Arkstream Capital and others.

Planys: Deep tech startup Planys Technologies raised $ 1.6 million in its ongoing Pre-Series A round from Keiretsu Forum, LetsVenture, Shell, existing investors ONGC, Ranjan Pai, Kris Gopalakrishnan and other seed investors .

Böingg: D2C furniture brand Boingg raised INR 2.2 Cr, or $ 0.29 million, in a seed round led by Inflection Point Ventures.

Sense of knock: Hyperlocal Content Platform Knocksense has launched a $ 150,000 or $ 0.15 million bridge round led by Applyhigh and others including We Founder Circle, Mumbai Angels, and LetsVenture. In total, the startup has raised $ 0.5 million so far.

Inzpira: Edtech platform Inzpira has raised 2.3 billion rupees or $ 0.3 million in a seed round led by Raj Nair, Gopinath Latpate and other angels. The company had previously increased Rs 25 lakh from 100X as part of its pre-seed round.

Valuation report: Edtech startup Valuationary has a pre-seed round of $ 100,000 or $ 0.1 million from strategic investors and corporate leaders such as Ashish Jain (Ex-India Head, Enfusion), Ajay Surana (Ex-Director, Moody’s Analytics – Singapore). , Rachit Poddar (Marwari Catalysts), Rajesh Gupta and Hetal Desai.

Cooked: Chennai-based digital home cooking startup Cookd raised $ 600,000, or $ 0.6 million, in a pre-seed funding round from Konglo Ventures, Kerala Angel Network.

Undisclosed offers

VideoForm, IOTRL, Urban AI, EnrichVideo, NanoSniff technologies, Bynry, GOVeva, OceanFrogs, Kloudle, OhLocal and Zenpay their financial details not disclosed.

Acquisitions this week

Credlix has acquired NuPhi, for an undisclosed amount.

GOAT Brand Labs has acquired 11 direct-to-consumer brands from different categories that only reveal the name of Frangipani, a Mumbai-based children’s clothing brand, GOAT Brand Labs did not announce any other D2C companies that it had acquired.

Turtlemint has acquired IOPhysics for an undisclosed amount.

10Club has acquired three lawn and garden brands – Kraftseeds, Gate Garden and Kriti Kalash.

Ecommerce giant Flipkart is ready acquire a majority stake in SastaSundar, based in Calcutta, which offers a digital health and pharmacy platform.

Avail Finance has taken over the neo banking platform YeLo.

In talks

The fintech platform CRED is run by Kunal Shah in talks to acquire two startups – Dineout and Wint Wealth. Shah, through his new unit Newtap Technologies Pvt. Ltd., has allegedly acquired Parfait Finance & Investment.

The mobility tech startup Chalo is in talkso Purchase scooter rental Vogo, according to entryr sources.

Crypto exchange CoinSwitch Kuber is in late talks with acquire Investment fund platform Symbl.

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