[Weekly funding roundup] Indian startups report $705M venture investments in the third week of October
The third week of October saw venture capital funding to the tune of $705 million as compared to the $1.1 billion in the previous week.
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The venture funding momentum for the third week of October decreased as compared to the previous two weeks, where Indian startups reported over $1 billion of capital infusion, largely due to the absence of large deals.
The third week of October saw venture capital funding to the tune of $705 million as compared to the $1.1 billion in the previous week. There were a total of 28 deals during the week, with 20 of them in the early-stage category.
Despite less fund inflow, the Indian startup ecosystem also saw two new unicorns this week – and .
Co-founders Cardekho
Key deals
Automobile classifieds platform CarDekho raised $250 million led by LeapFrog Investments, at a valuation of $1.2 billion.
Ola Electric raised about $200 million from a clutch of investors, at a valuation of $5 billion.
Neobanking platform Open raised $100 million led by Temasek. Google, SBI Investment, Tiger Global, and 3one4 Capital participated.
Other transactions
D2C brand Fraazo raised $50 million led by WestBridge Capital. Sixth Sense Ventures, Equanimity Investments, and Apar Group also participated in the round.
Reshamandi, a silk supply chain startup, raised $30 million from Creation Investments and others.
D2C jewellery brand Melorra raised $24 million led by 9Unicorns, Symphony International, Value Quest, Venture Catalysts, and others.
Toch.ai, an AI-driven SaaS platform, raised $11.75 million led by Moneta Ventures, Baring Private Equity, Binny Bansal, Ventureast, and others.
M2P Fintech, an API infrastructure startup, raised $35 million led by Tiger Global. BEENEXT, Flourish Ventures, and Omidyar Network India, among others, participated in the round.
Docprime Technologies invested around $7.5 million in telehealth and wellness platform Visit Health.
HR tech startup FloCareer raised $5.7 million from Data Point Capital, Uncorrelated Ventures, and Orios Venture Partners.
Fintech startup Niro raised $3.5 million from Elevar Equity. Kunal Shah, Bala Parthasarthy, and Nitin Gupta also participated as angel investors.
Edtech startup Creative Galileo raised $2.5 million led by Kalaari Capital Partners.
Blockchain platform Arcana Network raised $2.3 million from leading investors in the blockchain ecosystem.
Tech startup Anka SumMor raised Rs 11.6 crore led by Inflection Point Ventures (IPV).
NFT marketplace NFTically raises under $1 million from multiple investors.
Leap.club, a professional network for women, raised $810,000 from multiple investors.
Crater, a media platform, raised $700,000 from multiple investors.
D2C brand F5 raised Rs 5 crore led by Auxano Capital and other investors.
Edtech startup Playto Labs raised over Rs 4 crore led by Inflection Point Ventures.
Fintech startup SALT raised $500,000 in angel round.
Fintech startup EarnWealth raised $500,000 in angel round.
Edtech startup Foreignadmits raised Rs 3.5 crore led by Unicorn India Ventures.
Edtech startup Wiingy raised $400,000 in angel round.
D2C brand Nap Chief raised Rs 2 crore from Titan Capital and others.
The following startups raised an undisclosed round of funding: WebEngage, Orange Retail Finance, Habanero, and CASHe.
India connect
India and US-based virtual event platform startup Hubilo raised $125 million led by Alkeon Capital.
M&A
Graphy acquired edtech platform Spayee for $25 million.
Edited by Suman Singh
