Funding and acquisitions in Indian startups this week [3 Jan- 8 Jan]

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This week 40 Indian startups raised funding, of which 32 received a total of $ 1,225.84 million or $ 1.2 billion. Fractal became the second unicorn of 2022 by raising a $ 360 million round. Udaan and Dunzo raised $ 250 million and $ 240 million, respectively.

Meanwhile, the financing of the 8 funded startups in total remained unknown.

Below is a summary of the transactions concluded this week

Growth / delayed start

fractal: Fractal, a provider of artificial intelligence and analytics solutions, raised $ 360 million in a new round from TPG Capital Asia in a transaction that includes a combination of primary investment and secondary stock purchase from funds recommended by Apax Partners.

Udaan: e-com B2Bcommodity platform Udaan raised another $ 250 million round through cnon-convertible note and debt, according to an internal email shared by the company’s top executive Entrackr he saw.

financing
Vedansh Pratap | Entrackr

Dunzo: Quick commerce player Dunzo raised $ 240 million in a new funding round led by Reliance Retail Ventures Limited. The round also saw the participation of existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital.

Zupee: Online games for real money The Zupee platform raised $ 72 million from Mumbai-based Nepean Capital as part of a larger funding round.

Fresh food ID: Fresh food ID raised Rs 507 crore or $ 68.2 million in a Series D funding round. The funding was led by private equity firm NewQuest Capital Partner along with existing investor, Premji Invest.

Avataar.me: based in San Francisco and Bengaluru Avataar.me, an artificial intelligence and machine vision platform focused on space visual discovery, on Friday announced a $ 45 million Series B funding round led by Tiger Global with the participation of existing investor Sequoia Capital India.

Exotel: Exotel, Bengaluru-based full-stack customer engagement platform, raised $ 40 million in its Series D round led by Steadview Capital.

Bombay Shaving Company:Bombay Shaving Company (BSC) raised Rs 160 crore or $ 21.5 million in a Series C round led by Malabar Investments, an India-based hedge fund.

Pine workshops: Commercial trading platform Pine workshops on Tuesday it said it raised $ 20 million from the State Bank of India, India’s largest commercial bank.

CASH: Online lender CASH on Tuesday it claimed to have raised Rs 140 crore or $ 18.8 million in funding from Singapore-based fintech firm TSLC, bringing its total budget size to over Rs 800 crore.

Innoviti payment: Innoviti payment, a provider of business payments solutions, raised Rs 80 crore or $ 10.7 million – in a mix of debt and equity – in the first close of its ongoing Series D round. The round was carried out by the Trifecta Debt Fund, Patni and Bessemer Venture Partners consultants.

Early stage startup

Rupifi: Bengaluru-based financial platform for micro, small and medium-sized enterprises (SMEs), Rupifi raised $ 25 million in the Series A round led by Bessemer Venture Partners and Tiger Global Management.

Zuddl: Event platform Zuddl raised $ 13.5 million in a Series A round led by Alpha Wave Incubation followed by existing investors GrowX and Waveform Ventures.

Living Food: Amasia, the Silicon Valley-based sustainability and climate-focused venture capital fund, led a $ 7.5 million Series A round at Bengaluru-based fresh food retailer, Living Food.

ingenious fashion: Geniemode, a B2B (business-to-business) cross-border e-commerce company, raised $ 7 million in a Series A funding round led by Info Edge ventures.

Freecult: D2C brand of premium underwear, loungewear and sportswear FREECULTR Wednesday announced that it has raised $ 5 million in a Series A round led by Sixth Sense Ventures through its Sixth Sense India Opportunities Fund.

Groyyo: Groyyo, a B2B manufacturing and automation company, raised $ 4.6 million in a seed round led by Alpha Wave Incubation (AWI), which is supported by DisruptAD, ADQ’s risk platform, and operated by Falcon Edge Capital.

STAGE: Delhi-based local language-focused OTT platform NCR STAGE recently raised $ 2.5 million through its pre-Series A funding round led by Blume Ventures and Better Capital.

Live bolus: Bolo Live social streaming platform raised $ 2.4 million in a pre-Series A round of Orios Venture Partners, he said Wednesday, adding that SOSV, Tremis Capital, LPA Ventures and other HNIs also participated in the round.

Bamboo: Bamboo, a unique provider of innovative sustainable packaging solutions as an alternative to single-use plastics, raised a $ 2.35 million pre-series A round led by Blue Ashva Capital and Supack Industries.

Liv Fin: based in Delhi LivFin India Private Limited has raised $ 2 million in risk debt from BlackSoil, a leading NBFC and notable player in the credit space.

We have: WEGoT Utility Solutions, a manufacturer of smart water meters, raised $ 1.5 million in a funding round led by Gruhas Proptech, a company backed by Abhijeet Pai of the Puzzolana Group and Nikhil Kamath of Zerodha.

91 square feet: Retail store development company 91Squarefeet (formerly Rolling Banners) raised $ 1 million (around Rs 7.5 crore) in a pre-seed funding round from Omphalos Ventures India, Nikhil Vora of Sixth Sense Ventures, actor Rannvijay Singh Singha and VG-Angels, among others.

Rupee Redee: Rupee Redee, a digital lending platform, raised $ 1 million in debt financing from NBFC Eclear Leasing and Finance Pvt Ltd.

Wall.app: The Web3 Wall.app platform has secured funding of over $ 1 million (approximately Rs 7 crore) from Woodstockfund, Arcanum Capital, Lancer Capital, Lumos Labs, as well as Persistence founder Tushar Agarwal, Aniket Jindal of Biconomy and Prabhakar Reddy of Falcon X.

An impression: Influencer marketing platform One Impression raised over $ 1 million in a strategic round from investors and celebrities including Karandeep Anand, Varun Alagh, Anupam Mittal, Rohit MA, Ramakant Sharma, Neeraj Chopra, Zakir Khan, Kanan Gill, Masoom Minawala and few others.

AarogyaAI innovations: Start of Healthtech Aarogya AI Innovations raised $ 0.7 million (Rs 5.2 crore approx.) as part of its initial funding round from Information board Redstart Labs and Avaana Capital (Seed Program), supported by India.

Crater.Club: Crater.Club, an interactive live streaming and monetization platform for creators and educators, raised an additional $ 0.5 million from Lumikai.

Course: Employee Growth Enablement Platform Course raises Rs 3 crores or $ 0.4 million in a seed round led by Inflection Point Ventures.

Campus 365: Starting Educational Technology Campus 365 raised 21.5 million rupees or $ 0.28 million in initial funding, led by angelic investors based in Bengaluru.

Great Institute Manager: People management training and certification company, Great Manager Institute, raised $ 0.27 million from executive executives: Sanjay Mehta of VCosmos, Ajay Kaul, former CEO of Jubilant Foodworks, and Dr. Suresh Surana.

Thinkerbell Labs: Thinkerbell Labs, a Bengaluru-based startup that uses technology to help visually impaired children learn their Braille resume for themselves, raised Rs 1.05 crore or $ 0.14 million from Lenskart founder Peyush Bansal, executive director by Emcure Namita Thapar and People Group founder Anupam Mittal.

Offers not disclosed

Save IN, Train driver, Falcon Autotech, QNu Labs, An impression, The Mainstreet market, Grow up, And Skyber did not disclose their financial details.

Acquisitions this week

India B2B Market Mart, through its wholly owned subsidiary Tradezeal Online Private Limited, made an investment of approximately Rs 13.3 crore for to acquire a 26.01% stake in EasyEcom (Edgewise Technologies Private Limited).

The Good Glamm Group, which is in the process of being acquired, has done so added influencer marketing platform Winkl and content analytics startup and creators Vidooly to its broader beauty and personal care portfolio.

On Friday, e-commerce shipping and enablement company Shiprocket said it will acquire a 75% participation in the Wigzo Tech customer data platform (CDP) for an undisclosed amount.

This was announced by Mensa Brands, which acquires stakes in direct-to-consumer brands (D2C). acquisition of the leather goods brand Estalon, for an undisclosed amount.

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