Ola drives up deal value in November

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funding roundup slug

November deal value shot up on the back of a single deal. Ola’s $500 million fundraise contributed over 50 per cent of the month’s deal value, which stood at $900 million. Investors pumped in money into 106 companies in November. If we set aside the Ola deal, the deal flow in November was comparable to that of the previous month. In October 107 companies raised funding worth over $500 billion.

YourStory Montly Fund Flow - November

Early-stage deals dominate

However, when looking at the deal stage, early-stage deals dominated in terms of value. This is in line with the overall trend this year. November saw 77 pre-Series A deals and 16 Series A deals, while the October numbers stood at 57 and 17 respectively.

 

YourStory Weekly Fund Flow - November Rounds
(By number of deals)

Deals in the last week of November

In the last week of November (23 to 30) 31 deals were announced, with the amount invested at about $231 million. This was lower than the previous week but primarily because of the Ola deal that was announced in the third week of November. There were 21 Pre-Series A deals in the last week of November, once again showing that early stage investors are optimistic about the prospects of young startups in the Indian market. The largest Series A funding was the $9 million deal in serial entrepreneur Ravi Gururaj’s parcel locker service QikPod.

YourStory Weekly Fund Flow - November

Top deals

Ola leads the top deals chart with that mega fund raising at a reported valuation of $5 billion. Online and app-based grocery venture Grofers raised its third round of funding for the year, with a fund infusion of $120 million. Home shopping and online retail company Naaptol raised its second round of funding in 2015, while online ethnic retailer Crafstvilla raised $34 million. Education company S Chand rounded off the top five with a fund raise of $27 million.

NoStartupSectorInvestorsRoundAmount
1OlaTaxi booking appBaillie Gifford, Falcon Edge Capital, Tiger Global, SoftBank Group, DST Global, Didi KuaidiSeries F$500 million
2GrofersGrocery DeliverySoftbank, Tiger Global, Sequoia Capital, Apoletto ManagersSeries c$120 million
3NaaptolMarketplaceMitsui & Co., New Enterprise Associates, Canaan Partners, Silicon Valley BankSeries D$52 million
4CraftsVillaOnline ethnic marketplaceSequoia India, Lightspeed Venture Partners, Nexus Venture Partners, Global Founders Capital, ApolettoSeries C$34 million
5S ChandEducationIFC Everstone GroupOther$27 million
6UrbanclapLocal service marketplaceBessemer Venture Partners, Accel Partners and SAIF PartnersSeries B$25 million
7TaskbucksMobile tasks marketplaceTimes InternetN/A$15 million
8GoQiiFitness TrackingNew Enterprise Associates, Cheetah MobileSeries B$13.4 million
9MindTickleCloud-based sales readiness softwareNew Enterprise Associates, Accel PartnersSeries A$12.5 million
10QikPodEcommerce Delivery locker servicesFlipkart, Accel Partners, Delhivery, FoxconnSeries A$9 million
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