The third week of July noticed a decline in enterprise funding for the Indian startup ecosystem as in comparison with the earlier week. Nevertheless, the week noticed a number of actions by way of IPO, acquisitions, and international firms displaying curiosity in these younger firms.
This week noticed enterprise capital funding amounting to $209 million throughout 29 offers, a steep decline as in comparison with the $847 million within the earlier week.
Oyo founder Ritesh Agarwal
Furthermore, the ecosystem witnessed the much-awaited foodtech unicorn Zomato’s IPO. Actually, international logistics big FedEx invested in Delhivery, whereas Google made an undisclosed funding into Slang Labs. On the similar time, OYO Group raised $600 million in debt.
The absence of a big deal throughout the week dwarfed the general quantity, however there’s nonetheless robust exercise within the early stage, accounting for an amazing variety of offers.
Information aggregator app Inshorts raised $60 million in funding from Vy Capital with participation from current buyers.
On-line storytelling platform Pratilipi raised $48 million in funding led by South Korean gaming big Krafton Inc.
Social commerce platform Trell raised $45 million in a Sequence B spherical led by Mirae Asset, H&M Group, and LB Investments.
Actual property startup Sq. Yards raised $25 million in development financing from ADM Capital.
Tech startup OneCode raised $5 million led by Sequoia Capital India’s Surge and Nexus Enterprise Companions, with participation from WaterBridge Ventures.
Aquaconnect, the fisheries targeted startup, raised $4 million in a pre-Sequence A spherical led by Rebright Companions and Flourish Ventures.
Ati Motors, an all-electric autonomous industrial automobile maker, raised $3.5 million from Blume Ventures and Exfinity Enterprise Companions.
Pankhuri, a girls social neighborhood platform, raised $3.2 million from Sequoia Capital India’s surge, India Quotient, and Taurus Ventures.
Edtech startup Oliveboard raised pre-Sequence A spherical of Rs 23 crore from IAN Fund, Schooling Catalyst Fund, and Yukti Securities.
Spacetech startup Digantara raised $2.5 million as a part of its seed funding spherical from Kalaari Capital.
Vah!, a coaching platform for make-up and sweetness programs, raised $1.85 million in a seed spherical led by Sequoia India’s Surge.
Edtech startup Admitkard raised Rs 10 crore in pre-series A spherical by a bunch of angel buyers.
Monetary schooling startup Kredent InfoEdge raised Rs 10 crore development capital from Kotak Securities.
Tech startup Bikry raised $1.3 million led by YCombinator together with a bunch of angel buyers.
API platform startup MedPay raised $1.2 million in a seed spherical from Expertise Investor Entrepreneur First (EF) and GrowX Ventures.
Agritech startup Aqgromalin raised Rs 5.5 crore in a seed spherical led by Zephyr Peacock India Development fund.
Healthtech startup EasyAspataal raised Rs 4 crore in a seed spherical led by Enterprise Catalysts and angel buyers.
Blockchain startup Arcana Community raised $375,000 in a seed spherical from a bunch of angel buyers.
Edtech startup Little Leap raised $360,000 in a seed spherical led by ah! Ventures. First Cheque VC, LetsVenture, and Good Capital VC additionally participated.
LDU (LetsDressUp) raised $300,000 in a pre-Sequence A spherical from Titan Capital and different teams of buyers.
Workspace startup BHyve raised $300,000 from JITO Angel Community, LetsVenture, and different angel buyers.
Information tech startup Sapio Analytics raised $150,000 from the Parthiv Group of Firms.
Furthermore, UrbanKisaan, The Ayurveda Firm, SMOOR, and Indi Power raised an undisclosed spherical of funding throughout the week.
MPOWER Financing, which supplies schooling loans for college students to review in North America, raised $100 million in enterprise funding.
Bookee, the SaaS startup targeted on the health trade, raised an undisclosed pre-seed spherical led by Antler India and angel buyers.
HR tech startup Multiplier raised $4 million in funding led by Sequoia Capital India’s Surge and different buyers.
AI startup NetraDyne raised $150 million in Sequence C funding led by SoftBank Imaginative and prescient Fund and different buyers.
Tech startup Protonn raised $9 million in seed funding led by Matrix Companions India, together with 021 Capital and Tanglin Enterprise Companions.
Edtech soonicorn Vedantu is about to accumulate a majority stake in Ahmedabad-based e-learning platform Pedagogy for an undisclosed quantity.
Trentar acquired a 75 % stake in Noida-based drone service supplier GarudaUAV for an undisclosed valuation.