[Weekly funding roundup] Unicorns boost venture capital activity; startups raise $740M in third week of June
Venture funding into Indian startups bounced back strongly in the third week of June after a dismal previous week, boosted largely through investments into unicorns.
The total venture funding in the third week stood at $740 million as compared to $46 million in the previous week. The sharp rise in capital inflow was on the back of edtech decacorn BYJU'S receiving additional funding and the emergence of a new unicorn – BrowserStack.
The month of June has already crossed $1.3 billion in total venture funding, setting the stage for a likely record year in terms of capital inflow into Indian startups despite the COVID-19 pandemic.
Byju Raveendran, Founder, BYJU'S. The edtech startup is now valued company at $16.5 billion
A total of 20 deals were signed during the week, and the overwhelming number of transactions were largely reported in the early-stage category. Meanwhile, debt funding saw a single deal worth $4.7 million.
Edtech company BYJU'S raised $350 million from UBS Group, Blackstone, Zoom founder Eric Yuan, ADQ, and Phoenix Rising, among others, at a valuation of $16.5 billion.
SaaS startup BrowserStack raised $200 million in Series B at a $4 billion valuation led by BOND, Insight Partners, and Accel.
Professional networking and jobs platform startup Apna raised $70 million in Series B round led by Insight Partners and Tiger Global.
Insurtech startup RenewBuy raised $45 million in a Series C round led by Apis Growth Fund II.
Fintech startup FamPay raised $38 million in a Series A round led by Elevation Capital, along with existing investor Sequoia Capital India.
Blockchain startup Instadapp received $10 million in funding led by Standard Crypto, Andre Cronje, DeFi Alliance, and Longhash Ventures.
Convosight, a community management platform, raised $9 million in Series A from Qualgro, Unilever Ventures, and IvyCap Ventures, among others.
Fintech startup Flexmoney raised a $4.8 million Series A round from Pravega Ventures and Z5 Capital besides angel investors.
Apparel brand XYXX raised Rs 30 crore in Series A round led by Sauce.VC, along with DSG Consumer and Synergy Capital Partners.
Insurtech startup Vital raised $3 million in pre-Series A round led by BlinC Invest. Venture Catalyst and Survam Partner also participated in the investment round.
SaaS startup SimpliContract raised $1.8 million in a seed round led by Kalaari Capital, with participation from Picus Capital, Arka Venture Labs, and Digital Sparrow Capital.
Dropshop, a Bengaluru-based B2B startup, raised Rs 9.3 crore in a pre-Series A round led by Inflection Point Ventures.
MSME edtech startup MSMEx raised $1 million in a pre-Series A round co-led by Razorpay and TNF Investments.
Nutraceutical startup Power Gummies raised $1 million in a bridge round led by 9Unicorns, with participation from DSG and Pivot Ventures.
Samaaro, the Bengaluru-based tech startup that provides an innovative virtual event platform, raised $125,000 in an angel funding round.
Fintech startup Junio raised additional Rs 5 crore in a seed round from Venture Catalysts, HNI investors, and Family Offices.
Imagimake, a children toy brand, raised Rs 4.4 crore in pre-Series A round from Roha Investment Managers and angel investor Saumil Shah.
Sense, an HRtech startup, raised $16 million in a Series C round led by Avataar Ventures. Accel Partners and Google Ventures also participated in the round.
Vianai Systems, an AI startup founded by former Infosys CEO Vishal Sikka, raised $140 million from SoftBank Vision Fund 2.
Tech startup Contentstack raised $57.5 million in Series B round led by Insight Partners. Illuminate Ventures, GingerBread Capital, and new investor Georgian also participated in the round.
Info Edge acquired SaaS-based recruitment management platform Zwayam Digital.
InMobi’s Glance acquired social commerce startup Shop101 for an undisclosed value.
Nazara Technologies said it plans to acquire Publishme, a mobile game publishing agency in the Middle East and Turkey.