Early-stage deals booming in India, pre-series A deals dominate Dec funding

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funding roundup slug

The Christmas week proved a busy one for Indian startups, with Santa clearly favouring early-stage ventures. In the last week of December, startups raised $95.8 million from VCs and Angels, up from $64.3 million in the preceding week. Overall funding in December stood at $371.6 million. Cloudnine raised the single-largest round of funding this month, with India Value Fund Advisors injecting $74 million into the company. Cloudnine was founded in 2007 and has previously raised fundsfrom Sequoia Capital and Matrix Partners. In November, Ola’s series F funding of $500 million accounted for 58.7% of all funds raised that month.


Monthly Fund Flow - 2015 Dec Nov

Early-stage deals

Just like in November, this month too saw early-stage deals dominate funding announcements. At 60 pre-series A deals and 11 series A deals, this was just a shade lower than November’s total. Series B and series C deals were the same as in November – 6 and 1, respectively. There were no late-stage deals in December; instead, the focus firmly stayed on strategic and bridge investments, about 13 in all.

 


YourStory Weekly Fund Flow - December Rounds

Top deals

Cloudnine topped the list of companies that attracted capital in the month of December by raising $74 million, while Faasos and Rivigo raised around $30 million each. Logistics-related startups have had a good month in terms of fund-raising this month. If you look at the top 10 list, you will find it peppered with the likes of Rivigo, Holisol and Patel. This shows that the logistics sector is at an interesting point in its evolution.

lt;/strong></td></tr><tr><td width="31">1</td><td width="106"><a href="http://yourstory.com/2015/12/cloudnine-funding/" target="_blank">Cloudnine</a></td><td width="130">Healthcare</td><td width="163">India Value Fund Advisors</td><td width="103">Series C</td><td width="105"><strong>74,000,000</strong></td></tr><tr><td width="31">3</td><td width="106"><a href="http://yourstory.com/2015/08/faasos-food-tech-120-cr-revenues/" target="_blank">Faasos</a></td><td width="130">Foodtech</td><td width="163">ru-Net, Sequoia Capital,&#xA0; Lightbox Ventures</td><td width="103">Series C</td><td width="105"><strong>30,000,000</strong></td></tr><tr><td width="31">4</td><td width="106"><a href="http://yourstory.com/2015/12/saif-partners-30-million-into-rivigo/" target="_blank">Rivigo</a></td><td width="130">Logistics</td><td width="163">SAIF Partners and others</td><td width="103">Series B</td><td width="105"><strong>30,000,000</strong></td></tr><tr><td width="31">5</td><td width="106"><a href="http://yourstory.com/2015/12/yuri-milner-tiger-global-funding-blackbuck/" target="_blank">BlackBuck</a></td><td width="130">Freight services aggregator</td><td width="163">Tiger Global Management, Yuri Milner, Apoletto, Accel Partners, Flipkart</td><td width="103">Series B</td><td width="105"><strong>25,000,000</strong></td></tr><tr><td width="31">6</td><td width="106"><a href="http://yourstory.com/2015/11/housejoy/" target="_blank">Housejoy</a></td><td width="130">Home services marketplace</td><td width="163">Amazon, Vertex Ventures, Qualcomm, Ru-Net Technology Partners, Matrix Partners</td><td width="103">Series B</td><td width="105"><strong>22,500,000</strong></td></tr><tr><td width="31">7</td><td width="106"><a href="http://www.livemint.com/Companies/wivFe1kctRXtFYBBjk94NP/With-Special-Occasion-NDTV-enters-the-online-weddings-marke.html" target="_blank">Wedding portal by NDTV</a></td><td width="130">Wedding marketplace</td><td width="163">CerraCap</td><td width="103">Series A</td><td width="105"><strong>20,000,000</strong></td></tr><tr><td width="31">8</td><td width="106"><a href="http://yourstory.com/2015/12/shuttl-funding-series_a/" target="_blank">Shuttl</a></td><td width="130">Bus pooling</td><td width="163">Sequoia Capital, Times Internet Ltd &amp; one more Fund</td><td width="103">Series B</td><td width="105"><strong>20,000,000</strong></td></tr><tr><td width="31">9</td><td width="106"><a href="http://www.livemint.com/Companies/BTsdhdvxnt7UokxeWd29UO/Holisol-Logistics-raises-15-million-in-funding.html" target="_blank">Holisol Logistics</a></td><td width="130">Logistics</td><td width="163">CLSA Capital Partners ARIA IV Funds</td><td width="103">Other</td><td width="105"><strong>10,000,000</strong></td></tr><tr><td width="31">2</td><td width="106"><a href="http://yourstory.com/2015/10/chillr-funding/">Chillr</a></td><td width="130">Fintech</td><td width="163">Sequoia Capital, Blume Ventures, Uniqorn Ventures and others</td><td width="103">Series A</td><td width="105"><strong>7,000,000</strong></td></tr><tr><td width="31">10</td><td width="106"><a href="http://patel-india.com/" target="_blank">Patel Logistics</a></td><td width="130">Logistics</td><td width="163">Frontline Strategy</td><td width="103">Other</td><td width="105"><strong>5,600,000</strong></td></tr><tr><td width="31">11</td><td width="106"><a href="http://indiatoday.intoday.in/story/homestudio.com-gets-$-5-million-seed-funding/1/542851.html" target="_blank">HomeStudio</a></td><td width="130">Online Furniture</td><td width="163">Bren Corporation</td><td width="103">Series A</td><td width="105"><strong>5,000,000</strong></td></tr><tr><td width="31">12</td><td width="106"><a href="http://yourstory.com/2015/12/shotang-funding/" target="_blank">Shotang</a></td><td width="130">Marketplace</td><td width="163">Exfinity Venture Partners, Unitus Impact Livelihoods Fund</td><td width="103">Series A</td><td width="105"><strong>5,000,000</strong></td></tr></tbody></table>">
 Startup Sector InvestorRound Amount in $
1CloudnineHealthcareIndia Value Fund AdvisorsSeries C74,000,000
3FaasosFoodtechru-Net, Sequoia Capital,  Lightbox VenturesSeries C30,000,000
4RivigoLogisticsSAIF Partners and othersSeries B30,000,000
5BlackBuckFreight services aggregatorTiger Global Management, Yuri Milner, Apoletto, Accel Partners, FlipkartSeries B25,000,000
6HousejoyHome services marketplaceAmazon, Vertex Ventures, Qualcomm, Ru-Net Technology Partners, Matrix PartnersSeries B22,500,000
7Wedding portal by NDTVWedding marketplaceCerraCapSeries A20,000,000
8ShuttlBus poolingSequoia Capital, Times Internet Ltd & one more FundSeries B20,000,000
9Holisol LogisticsLogisticsCLSA Capital Partners ARIA IV FundsOther10,000,000
2ChillrFintechSequoia Capital, Blume Ventures, Uniqorn Ventures and othersSeries A7,000,000
10Patel LogisticsLogisticsFrontline StrategyOther5,600,000
11HomeStudioOnline FurnitureBren CorporationSeries A5,000,000
12ShotangMarketplaceExfinity Venture Partners, Unitus Impact Livelihoods FundSeries A5,000,000

 

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