Funding and acquisitions in Indian startups this week (18 Oct-23 Oct)

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

Meanwhile, funding for two of the total funded startups has not been disclosed.

Below is the summary of the transactions concluded this week

Growth / late start-ups

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

CRED: The CRED credit card payment app raised $ 251 million in its Series E cycle, valuing the fintech startup at $ 4.01 billion. The round was co-led by existing investors Tiger Global and Falcon Edge.

SUN mobility: Energy infrastructure company for electric vehicles Solar mobility on Wednesday announced it had closed a $ 50 million (nearly Rs 370 crore) financing by Vitol, an independent global energy trader and investor in zero emission and renewable energy assets.

CredAble: Supply chain finance startup CredAble has raised $ 30 million in its Series B round co-led by Plutus Wealth Management LLP and associates as well as its existing funder Oaks Asset Management.

Idfy: IDfy, an identity verification startup, has raised Rs 86 crore or about $ 11.5 million in its Series D round led by TransUnion and Blume Ventures.

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

Start-up

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

InnoDesigns: InnoDesigns, a new online furniture market, has raised funding of Rs 75 crore or $ 10 million from the PAN group.

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

Wondrlab: Martech startup Wondrlab 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 of Lucas Indian Service and Gopal Srinivasan of TVS Capital.

Quest: The Edtech Questt platform has raised $ 6.75 million in Series A led by Celesta Capital and Premji Invest. Existing funders such as AET Fund, Titan Capital, First Check and MarsShot Ventures also participated, with Chiratae Ventures increasing its participation.

Wolf Market: Wolf Market, an intra-day options-only trading app, said on Tuesday it had raised $ 5.5 million (roughly Rs.41.2 crore) in seed funding from a group of leading individual investors.

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

ClearDekho: ClearDekho On Thursday, he raised $ 4 million in a pre-Series A round led by Aroa Ventures.

Revfin: Revfin, a digital lending platform focused on financing electric vehicles, raised $ 4 million in its pre-series A round with equity and debt led by Redcliffe Life Solutions founder Dheeraj Jain .

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

Sourcewiz: Sourcewiz, a platform for exporters, raised $ 3 million in its seed cycle co-led by Blume Ventures and Alpha Wave Incubation (AWI). Ravi Bhargava, Rakshita Agrawal and other renowned angels such as Dhruvil Sanghvi and Ashish Tulsian also joined the tour.

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

Numadus: Numadus, a tech startup that provides solutions in the field of vehicle mobility, 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 funding round led by Vertex Ventures and Omnivore.

Whole Corp.: Totality Corp, a mobile games startup, raised Rs 13.5 crore 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 has secured $ 1.3 million in seed funding 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, who are part of the Asian Paints promoter group.

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

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

FusionDomo: FusionDomo, a global technology-based investment banking marketplace, raised $ 500,000 or $ 0.5 million in a fundraiser from existing investors, including the president and CEO of Godrej Industries, Nadir B Godrej.

Tvasta: Non-profit organisation Habitat for Humanity International has invested $ 400,000 or $ 0.4 million in startup Tvasta Manufacturing Solutions Ltd to increase the supply of affordable 3D printed homes in India.

Metastop solutions: Metastop Solutions, a biotech startup, raised $ 173,000 or $ 0.17 million in its funding round led by CIIE.CO. IKP Knowledge Park and angels also participated.

Skyber: Skyber, a SaaS and B2B commerce platform, recently raised Rs 53,000 or $ 0.053 million in a single round of investment through Encubay Angel Network, a female-led, business-focused angel investor network. women.

Undisclosed Funding Rounds

Vidyakul and Green soul did not disclose their financial details.

Acquisitions this week

In addition to the equity and debt funding rounds, the Indian startup ecosystem has also seen more than a dozen acquisitions this week. Some of the notable acquisitions are mentioned below.

UpScalio e-commerce roll-up company To acquired gaming chair and furniture maker Green Soul Ergonomics.

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

Acquisition Fintech giant Bandaged to Acquire Recko, an India-Based Payment Reconciliation Company, marking the first acquisition of the global fintech giant in the market.

Tiger Global supported Scalers Academy acquired Coding Minutes for $ 1 million.

Curefoods acquired seven food brands including CakeZone, MasalaBox, Paratha Box, Ammi’s Biryani, Olio, Crusto and Chaat Street.

Beauty brand linked to the IPO Nykaa announced the acquisition of Kolkata-based skin care brand D2C, Dot & Key.

Based in Amsterdam Global University Systems acquired 100% of the capital of the Indian education company Edvancer Eduventures Ltd.

CRED is set to mark its first acquisition with the impending acquisition of HipBar, a Chennai-based liquor payment and delivery startup.

E-commerce rollup company Regular flow acquired BabyPro, an online e-commerce business in the baby protection category.

* Every week, we follow the startups that have raised new investments. Stay tuned for next week’s recap.

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