Financing and Acquisitions in Indian Startups This Week (October 18-23)

This week, 31 Indian startups raised grants, 29 of which received a total of $ 790 million. PharmEasy raised the highest level of funding at approximately $ 350 million, followed by CRED at $ 251 million.

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

Below is the summary of the deals closed this week

Growth / Late Startups

PharmEasy: Online pharmacy company PharmEasy raised $ 350 million in a mixed round of equity and debt funding in what appears to be a pre-IPO round for the Mumbai-based company.

CRED: The credit card payment app CRED raised 251 million US dollars in its Series E round and valued the fintech startup at 4.01 billion US dollars. The round was jointly chaired by existing investors Tiger Global and Falcon Edge.

SONNE mobility: Energy infrastructure company for electric vehicles Solar mobility on Wednesday said it had closed $ 50 million (nearly Rs 370 billion) in financing from Vitol, a global independent energy trader and investor in zero-emission and renewable energy.

CredAble: The supply chain finance startup CredAble raised $ 30 million in its Series B round together with Plutus Wealth Management LLP and its partners together with its existing financier Oaks Asset Management.

financing

IDfy: IDfy, an ID verification startup, raised Rs 86 billion, or approximately $ 11.5 million, in its Series D round led by TransUnion and Blume Ventures.

Aviom: AVIOM India Housing Finance, a micro mortgage housing finance company, raised $ 8 million in its Saber Partners-led Series C round.

Startups in the early stages

SaaS laboratories: SaaS Labs, an automation startup, raised $ 17 million in its Series A round led by Base 10 Partners and Eight Roads Ventures.

InnoDesigns: InnoDesigns, a new online furniture marketplace, has received funding of Rs 75 billion, or US $ 10 million, from the PAN Group

FarMart: FarMart, a SaaS-led food delivery platform, raised $ 10 million in a funding round led by Matrix Partners India. Innoven Capital and the existing investors Omidyar Network India, Avaana Capital and 500 startups have also joined the round.

Wunderlab: Martech startup Wunderlab has raised $ 7 million in Pre-Series A funding. The round was led by Pi Ventures LLP, Tanas Capital, Prodapt Holdings and several independent investors including Priyamvada Balaji from Lucas Indian Service and Gopal Srinivasan from TVS Capital.

Questt: Edtech platform Questt raised $ 6.75 million in a Series A round led by Celesta Capital and Premji Invest. Existing funders like AET Fund, Titan Capital, First Check and MarsShot Ventures have also got involved, with Chiratae Ventures increasing its stake.

Market Wolf: Market Wolf, an intraday options trading app, said Tuesday it had $ 5.5 million (approx.

ConveGenius: Edtech startup ConveGenius raised $ 5 million as part of its pre-seed round of venture capital funding. It was led by new investors BAce Capital, Heritas Capital and 3Lines Venture Capital and existing investors Michael and Susan Dell Foundation.

DeleteDekho: DeleteDekho On Thursday, the Aroa Ventures-led Pre-Series A round raised $ 4 million.

Revfin: Revfin, a digital lending platform focused on EV financing, raised $ 4 million in equity and debt in its Pre-Series A Round led by Redcliffe Life Solutions founder Dheeraj Jain.

BookingJini: BookingJini, a SaaS platform for hotels, raised $ 3.3 million in its Pre-Series A round led by Mumbai Angels Network.

Source code: Sourcewiz, a platform for exporters, raised $ 3 million its seed round jointly led by Blume Ventures and Alpha Wave Incubation (AWI). Ravi Bhargava, Rakshita Agrawal and other marquee angels such as Dhruvil Sanghvi and Ashish Tulsian have also joined the group.

Tamasha: Tamasha, a social gaming app, raised $ 3 million in its Pre-Series A round led by Chiratae Ventures.

Numadic: Numadic, a technology startup providing vehicle mobility solutions, raised $ 2.5 million in a pre-Series A funding round led by 9Unicorns and Venture Catalysts.

Onato: Onato, an agricultural supply chain startup, raised $ 2.2 million in its seed round led by Vertex Ventures and Omnivore.

Totality Corp.: Totality Corp, a mobile-based gaming startup, raised Rs.13.5 billion, or $ 1.7 million, in a round led by Leo Capital and Mayfield Fund.

Kafqa Academy: Bengaluru-based performing arts academy, Kafqa Academy, announced Friday that it had raised $ 1.3 million in seed capital from institutional investors and tech entrepreneurs.

Yu Foodlabs: Packaged food brand Yu raised $ 1 million in its Pre-Series A round led by Manish Choksi and Varun Vakil, part of the Asian Paints promoter group

Ayekart Fintech: Ayekart Fintech, an integrated supply chain and financial platform startup, announced that it raised $ 750,000, or $ 0.75 million, from a consortium of angel investors in a seed funding round.

Devnagri: Devnagri, a B2B SaaS-based translation startup, raised $ 600,000 or $ 0.6 million from Venture Catalyst, Inflection Point Ventures, and other co-investors in its seed round.

FusionDomo: FusionDomo, a global, technology-driven online investment banking marketplace, has raised $ 500,000 or $ 0.5 million in a bridging round from existing investors including Godrej Industries Chairman and Managing Director Nadir B Godrej

Tvasta: Nonprofit organization Habitat for Humanity International has invested $ 400,000, or $ 0.4 million, in startup Tvasta Manufacturing Solutions Ltd to expand the supply of affordable 3D printed homes in India.

Metastop solutions: Metastop Solutions, a biotechnology startup, raised $ 173,000, or $ 0.17 million, in its CIIE.CO-led seed round. The IKP Knowledge Park and Angels also took part.

Skyber: Skyber, a SaaS and B2B commerce-based platform, recently raised Rs 53,000, or $ 0.053 million, in an investment round through the Encubay Angel Network, a women-run and women-centric angel network.

Funding rounds not mentioned

Vidyakul and Green soul their financial details not disclosed.

Acquisitions this week

In addition to equity and debt financing, there were also over a dozen acquisitions in the Indian startup ecosystem this week. Some of the notable acquisitions are mentioned below.

E-commerce roll-up company UpScalio Has acquired Gaming chair and furniture manufacturer Green Soul Ergonomics.

Good Glamm group acquired ScoopWhoop, a platform for digital media and lifestyle content.

AcquisitionFintech giant Stripes will acquire Recko, a payment reconciliation company based in India, the first acquisition by the global fintech giant in the market.

Supported by Tiger Global Scaler Academy Purchased Coding Minutes for $ 1 million.

Medicinal food acquired seven grocery stamps, including CakeZone, MasalaBox, Paratha Box, Ammis Biryani, Olio, Crusto and Chaat Street.

IPO-linked beauty brand Nykaa announced the acquisition of Calcutta-based D2C skin care brand Dot & Key.

based in Amsterdam Global university systems has 100% of the shares in the Indian education company Edvancer Eduventures Ltd. acquired

CRED is poised to mark its first acquisition with the upcoming acquisition of Chennai-based alcohol payment and delivery startup HipBar.

Ecommerce rollup company Even flow has acquired BabyPro, an online e-commerce company in the baby proofing category.

* Every week we track startups that have made new investments. Stay tuned for next week’s recap

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