From BYJU’s To MyGlammm — Over $1.7 Bn Mn Raised By Indian Startups This Week

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Between December 13 and 18, the Indian startup ecosystem has raised a full of $1.3 Bn crossed 48 deals

From BYJU’s To MyGlammm — Over $1.7 Bn Mn Raised By Indian Startups This Week

During the week, the Indian startup ecosystem recorded 7 acquisition

Bhavish Aggarwal-led Ola became the 3rd Indian startup to unafraid a Term Loan B (TLB) circular aft BYJU’s and OYO

The Indian startup ecosystem has regained its momentum arsenic it raised $1.3 Bn successful backing crossed 48 deals successful the 3rd week of December, betwixt December 13 and 18. This is 39% higher than past week erstwhile the ecosystem racked up $908 Mn successful backing crossed 53 deals between December 6 and 11. This week’s concern is besides 151% higher than the week anterior erstwhile the Indian startup ecosystem raised $535 Mn investment across 49 deals. 

The biggest concern successful this week was picked up by Mohalla Tech, the genitor institution of societal media unicorn ShareChat and Moj. The startup raised $266 Mn successful Series G round led by Alkeon Capital. The second-largest backing circular was raised by wellness tech startup Innovaccer which mopped up $150 Mn successful Series E round led by Mubadala Capital, successful information with B Capital and Microsoft, astir doubling its valuation to $3.2 Bn

The week further saw Bhavish Agarwal-led Ola securing $500 Mn successful a word indebtedness B (TLB), making it the 3rd Indian unicorn aft OYO, and BYJU’s to rise the same.

Here are each the backing rounds disclosed this week:

Indian Startup IPOs

Funding Galore: Indian Startup Funding Of The Week [Nov 8 – Nov 13] : Inc42

StartupSectorSubsectorFundingSeriesInvestors
BYJU’sEdtechTest Preparation$1.2 BnTLB
MyGlammEcommerceD2C$150 MnSeries DProsus Ventures, Warburg Pincus, Alteria Capital, L’Occitane, Bessemer Ventures, Amazon
ZoomCarTransport TechCar Rental$92 MnSternAegis Ventures
ShiprocketLogisticsB2B$75 MnZomato
BrightChampsEdtechK12$63 MnPremji Invest, GSV Ventures, Binny Bansal, 021 Capital, BEENEXT
CureFitHealthtechFitness & Wellness$50 MnZomato
Vayana NetworkFintechLendingtech$38 MnSeries CChiratae Ventures, CDC group, Jungle Ventures, March Capital, Marshall Wace
WakefitEcommerceD2C$28 MnSeries CSIG, Sequoia Capital, Verlinvest
Mosaic WellnessHealthtechFitness & Wellness$24 MnSeries ASequoia Capital, Elevation Capital, Matrix India
LeapIndiaEnterprise techEnterprise Services$13.9 MnCDC Group
UnnatiAgritechFull Stack$8 MnSeries AIncofin Investment Management, NabVantures, Orios
TrooEcommerceD2C$7.3 MnSeries AOAKS Asset Management
CradlewiseEcommerceD2C$7 MnSeedFootwork, CRV, SOSV, Better Capital
Battery SmartTransport TechEV$7 MnPre-Series ABlume Ventures, Orios Ventures, Green Frontier Capital, TradeCred
Advantage ClubEnterprisetechHRtech$3.3 MnJetty Ventures, Earlsfield Capital, SMC Advisors
ElectricPeAutomobileEV$3 MnSeedBlume Ventures, Micelio Fund
ListDeeptechBlockchain$3 MnSeedBEENEXT, Better Capital, Cloud Capital
TVFMedia & EntertainmentOTT$2 MnBlacksoil
XpandLogisticsB2B$1.5 MnPre-Series AAkash Prakash, Madhu Jayakumar, Dipender Sandhu
StratzyFintechInvestment Tech$800Kpre-SeedLeo Capital, Titan Capital, First Cheque
Cora HealthEcommerceMarketplace$618KSeedIAN Fund, Vishnuraj Kunjur, KRS Jamwal, Ajay Upadhaya
CapGridEcommerceB2B Marketplace$551KSeedAnicut Angel Fund, Axilor Ventures, Firstcheque
SuperBottomsEcommerceD2C$470KAlteria Capital
CloudFilesEnterprisetechSaaS$317Kpre-SeedTitan Capital
BuyofuelEcommerceB2B Marketplace$215KSeedInflection Point Ventures
ExampurEdtechTest PreparationPre-Series A
CodeVidhyaEdtechK12SeedRVCF, Digitial Futurist Angels Network, Vinay Choudhury
“*Source: Inc42 Plus

After listing astatine a discount, stock terms of question tech startup RateGain declined further successful its archetypal trading league connected Friday 17, 2021. Shares of the startup closed astatine INR 340.50 connected the BSE, little by INR 84.50 oregon 19.88% compared to its contented terms of INR 425 per share. On the National Stock Exchange, its shares closed astatine INR 337.55 price, little by INR 87.45 oregon 20.58% from the listing price.

BYJU’s To Take SPAC Route For Its $4 Bn IPO

The edtech decacorn BYJU’s is successful precocious discussions to spell nationalist done a merger with a special-purpose acquisition company (SPAC) of Churchill Capital, a planetary strategical advisory firm.

A Bloomberg report said that the startup has held talks with respective potential SPAC partners and is presently moving connected an statement with Michael Klein’s Churchill Capital.

“*Source: Inc42 Plus

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