[Weekly Funding Roundup] Equity increases by 200 pc as Indian startups raise $146.95M this week
After hitting a bottom low, the fourth week of January witnessed a pickup in funding value.
Indian startups raised $146.95 million in funding across 17 equity deals. This is more than 200 percent of an increase since last week when equity funding dropped to $48.3 million.
This week, only one startup raised debt funding – Gurugram-based solar energy startup, which raised a whopping $450 million through dollar bonds.
Weekly funding roundup
Deal of the Week
As a part of its first external funding round, Fairfax Holdings backed insurtech startup Digit Insurance raised $84 million from three growth equity investors – A91 Partners, Faering Capital, and TVS Capital.
Post this round, the total funding raised by Digit stands at close to $224 million.
This week, growth-stage startups emerged as the biggest fund rakers, raising close to $96.2 million of the total equity raised this week.
Apart from Digit Insurance, Gurugram-based wealth management platform for HNIs, INDWealth raised Rs 87.14 crore ($12.2 million) as part of its new Series C fundraise, documents filed with Ministry of Corporate Affairs (MCA) showed.
Late-stage deals cornered close to $30 million of the overall funding.
Gurugram-based merchant fintech platform raised an undisclosed investment from Mastercard.
Bengaluru-based vehicle rental platform Zoomcar raised $30 million as part of its larger $100 million Series D round, from existing and new global investors.
Early-stage deals cornered close to $20.75 million in funding across 13 deals.
Pune-based venture capital firm Windrose Capital and Mumbai-based ITI Growth Fund invested Rs 2 crore in a seed round of Invento Makerspaces.
Noida-based fintech startup Mera Cashier raised $250,000 in seed funding led by Startup Buddy’s co-founders Amit Singal and Manish Aggarwal.
Mumbai-based fintech startup raised seed funding led by early-stage investors Samyakth Capital and Venture Catalysts.
Bollywood singer Sukhbir Singh invested an undisclosed amount in international music startup Flutin and is also exploring creative collaboration with the app.
raised $220,000 in angel funding led by a group of angels and the Rebalance community., a global premium tea brand from India
Park+, a new smart parking solution startup launched by Amit Lakhotia, former VP ofPayments, raised $11 million funding co-led by Sequoia India and Matrix Partners India.
Crysta, a part of Delhi-based raised Rs 10 crore in a Pre-Series A funding round led by the family office of Ruchirans and Anuraag Jaipuria.,
Startup accelerator Venture Catalysts invested an undisclosed amount in ‘Neo-banking’ business payments platform Nupay as a part of its seed funding.
New Delhi-based edtech startup raised $4.3 million (Rs 30 crore) in its Series A round through a mix of equity and venture debts.
raised its seed round of funding from AngelList and a cluster of other investors, this week., an artificial intelligence (AI) powered platform for software programming courses,
Bengaluru-based food startup Samosa Singh raised funding of $2.7 million in a Series A round led by She Capital. The round also saw participation from Fireside Ventures, Equanimity Investments, AL Trust, and Japan-based AET Fund.
Microloan-focussed fintech startup,raised $597,754 as a part of its Series A round from Lotus Microfinance LLC.
In the other deals this week, Singapore-based digital wealth management platform closed its latest Series A funding round of $6 million.
US-based enterprise SaaS startup raised $6 million in seed round funding led by Sequoia India.
San Mateo-based Skylo Technologies raised $103 million in its Series-B round led by Softbank Group and existing investors.
San Francisco-based martech platform raised $210 million in Series D funding round led by General Atlantic.
California and Mumbai-based raised $39 million as a part of its Series B funding, led by Tiger Global Management and Steadview Capital.
Texas and Bengaluru-based software-as-a-service (SaaS) startupraised $1 million in angel funding.
Online home decor startupsecured $60 million in funding.
In the exits this week, there was the much talked about acquisition this week where Gurugram-based foodtech unicorn Zomato has acquired Uber Eats India. The all-stock transaction was announced early on Tuesday and gives a 9.99 percent stake in .
Accelerator and growth investment firm Ghost Kitchens bought a majority stake in cloud kitchen companies QSR Brands India and Eathos Group for an undisclosed sum.
(Edited by Saheli Sen Gupta)