After hitting a backside low, the second week of February witnessed a pickup in startup funding worth.
Indian startups raised greater than $318 million in funding throughout 18 fairness offers, up by over 230 p.c since final week, when fairness funding dropped to $96.eight million.
This week, two startups raised debt funding – Bengaluru-based digital funds options firm Innoviti secured $5 million from FMO, the Dutch improvement financial institution, and New Delhi-based tea cafe chain Chaayos raised $three million from Innoven Capital.
Additional, two late-stage offers secured the best quantity of funding at $240 million. Nevertheless, 4 growth-stage offers raised solely $52.7 million.
In stage-wise funding, transactions have been virtually equal with Collection A, B, and C accounting for 2 offers every. 5 Pre-Collection A offers, one Collection F deal, and 6 different offers cornered undisclosed funding.
Offers of the week
Edtech main BYJU’S raised an undisclosed quantity of funding from Common Atlantic. Whereas the startup didn’t disclose the quantum of funding, sources mentioned Common Atlantic pumped in $200 million (about Rs 1,420 crore) into the unicorn.
Mumbai-based on-line residence furnishings market Pepperfry raised $40 million in Collection F funding led by Indian adhesives manufacturing firm Pidilite Industries.
Tea cafe chain Chaayos raised $18.5 million led by San Francisco-based Assume Funding and in addition bought participation from current traders together with Tiger International, SAIF Companions, Built-in Capital, and Neeraj Arora, Ex-CBO of Whatsapp.
Furnishings rental startup Furlenco raised Rs 16 crore ($2.24 million) in its ongoing Collection C spherical from current investor Saket Burman, Director of Dabur, by way of a New Delhi-based household workplace Chowdry Associates.
Vedantu, one of many main edtech startups in India, raised $24 million as a part of its Collection C extension spherical led by international enterprise capital agency GGV Capital, together with current traders.
Delhi-based vernacular social commerce startup Simsim raised $16 million in funding in three rounds inside six months of its launch. These rounds have occurred in fast succession over the past seven months led by Accel Companions, Shunwei Capital, and Good Capital.
B2B ecommerce platform Udaan made its first funding by infusing Rs 14 crore (or roughly $2 million) in point-of-sale and restaurant administration software program supplier PetPooja.
Bengaluru-based agritech platform Clover raised $5.5 million in Collection A funding spherical from enterprise capital companies Omnivore, Accel Companions, and Mayfield.
Brick&Bolt raised $1.5 million in Pre-Collection A funding, led by Sequoia India’s speedy scale-up programme Surge, with participation from angel traders like Livspace founders, Aakash Goel of Trifecta Capital, Meghna Agarwal of Indiqube, and Navin Dhanuka of Piramal Fund Administration.
Edtech startup Classplus raised $2.5 million in Pre-Collection A spherical of funding from Blume Ventures and Sequoia Capital India’s speedy scale-up programme Surge.
Monetary API infrastructure startup M2P Solutions, which owns API platform YAP, raised Rs 10 crore ($1.four million) as a part of its seed funding led by former PayU India CEO Amrish Rau.
Hempstreet Medicare Pvt Ltd, which runs a hashish research-to-retail enterprise, raised $1 million (about Rs 7.12 crore) in its Pre-Collection A funding spherical.
Triton Funding Advisors, a Mumbai-based enterprise capital agency, invested in CamCom, a synthetic intelligence and deep learning-based startup that’s focussed on high quality evaluation, defect, and injury detection.
Incubator and accelerator Enterprise Catalysts invested in good helmet startup, Altor.
Blue-collar recruitment platform WorkIndia raised Rs 42 crore from Chinese language tech main Xiaomi.
Info Edge (India) Ltd mentioned it could make investments about Rs 37.10 crore in Dawn Mentors Pvt Ltd, which operates e-learning platform Coding Ninjas.
New Delhi-based pupil co-living startup, HooLiv raised an undisclosed quantity from Kolte-Patil Household Workplace (KPFO).
Bengaluru-based health startup Oga raised $330,000 from Inflection Level Ventures (IP Ventures).
San Francisco and Bengaluru-based MoEngage, a B2B startup focussed on the client engagement house, raised $25 million in Collection C spherical led by Eight Roads Ventures, together with participation from its US-based sister fund F-Prime Capital.
Seattle and Bengaluru-based cloud platform Esper raised $7.6 million in its Collection A spherical led by US-based enterprise capital agency Madrona Enterprise Group, which had earlier invested in ecommerce large Amazon.
US-based Iora Well being, a startup focussed on offering main well being care, raised $126 million (almost Rs 900 crore) in its Collection F funding spherical led by PremjiInvest, the household workplace of Wipro Ltd Founder-Chairman Azim Premji.
Singapore-based cybersecurity agency CYFIRMA, which has workplaces in Bengaluru and Tokyo, raised Collection A spherical of funding from Z3Partners, an early-growth non-public fairness fund.
US and India-based healthtech startup Innovaccer raised $70 million in a Collection C funding spherical from Steadview Capital, Tiger International, Dragoneer, Westbridge Capital, Mubadala, and M12 (Microsoft’s enterprise fund), bringing the entire capital raised by the agency to $120 million.
(Edited by Suman Singh)