Venture Capital Funding Surpasses $ 1.3 Billion, 3 New Unicorns Created
The Indian startup ecosystem saw a massive influx of venture capital for the second week in a row in October. Venture capital funding topped $ 1 billion for the second week in a row, benefiting from strong investor appreciation. More than $ 1.35 billion was raised in 28 deals from October 2 to 9. The figure would increase dramatically if we added cross-companies, for overseas-based startups with an Indian connection. CoinSwitch, Licious and Rebel Foods have joined the big league of startups with over $ 1 billion, bringing the total number of unicorns in India in 2021 to 31. Ola Electric and OfBusiness have also attracted huge investments.
Here’s a quick recap of all of this week’s key deals.
Decacorne Edtech by Byju is raising $ 296 million (Rs 2,200 cr) as a new investment, which appears to be part of its ongoing Series F cycle.
Coinswitch Kuber Said Wednesday that it had raised $ 260 million (roughly Rs 1,943 crore) in a fundraiser that values him at $ 1.9 billion.
Ola Electric raised around $ 200 million (roughly Rs 1,500 crore) from a group of investors in a new round of funding, valuing the company at over $ 5 billion.
Rebel foods Said Thursday it had raised $ 175 million (roughly Rs. 1,300 crore) in a fundraiser led by the Qatar Investment Authority, valuing the company at $ 1.4 billion.
Gourmet meat startup Delicious said on Tuesday it had raised $ 52 million in Series G led by IIFL’s advanced-stage tech fund AMC and Aventus.
B2B Marketplace Work raised $ 200 million from Tiger Global, Matrix Partners India, SoftBank Vision Fund 2 and Falcon Edge Capital.
FinTech company Program Cap on Monday announced it had raised $ 30 million in primary equity led by existing investor Tiger Global Management and Creation Investments.
Eduversity of the Sun Stone, owned by Sunstone Education Tech, said on Wednesday it had raised $ 28 million (around Rs 208.8 crore) in funding, led by WestBridge Capital
Social media platform Chingari raised $ 19 million from several investors.
Start-up auto parts e-commerce platform, boomo.com said on Monday he had raised Rs 40 crore.
GramCoverIndia’s leading rural insurance start-up raised US $ 7 million in Series A fundraiser
Start-up manufacturer of electric scooters KWh bikes said on Wednesday that he raised $ 2 million (roughly Rs.15 crore) in a fundraiser.
Blue collar workforce management platform Smartstaff (formerly Qikwork) said on Monday it had raised $ 4.3 million in funding.
Based in Chennai Kaar Technologies said on Tuesday it had raised 30 crore rupees (about $ 4 million) under an acquisition finance facility from BlackSoil Capital to fuel its inorganic international expansion plans.
Pazcare raised $ 3.5 million (INR 25 crore) as part of its funding round led by BEENEXT, along with 3one4 Capital and other investors.
Public transport technology company Chalo said on Tuesday it had raised around $ 40 million (roughly Rs.297.8 crore) with funding led by Lightrock India and Filter Capital.
Startup FinTech Mobile software pocketed $ 4.75 million from Kvanto Payment Services of Denmark.
Startup SaaS Profit wheel got $ 3 million in the round.
Rural tech startup based in Telangana He is a received INR 450,000 grant from NABARD to upgrade 100 rural women
Live video infrastructure platform 100 ms announced initial funding of $ 4.5 million.
LetsVenture’s share management arm Trica raised $ 3 million in a round of seed funding from Accel, LC Nueva AIF *, others.
Based in Bangalore IBSFINtech India Private Limited (IBSFINtech), a leader in cash management, risk and trade finance solutions in India, has raised $ 1 million in funding.
Ishitva, a robotic startup, spent $ 1 million led by Inflection Point Ventures.
Home fashion brand Moksha Houses raised $ 575,000 from Venture Catalysts and others
Phool.co, a D2C wellness startup backed by Social Alpha, announced Thursday that Alia Bhatt is now an investor in the company.
Advanced battery technology start Log 9 Materials Said to have raised 2 million USD (around Rs 14 crore) in a funding round
Transactions involving undisclosed funds
Pump and water technology maker EKKI has invested in a Bengaluru-based agritech startup Kissan Pro.
Karat farmsA Bengaluru-based smart vegetable garden company has raised undisclosed pre-seed funding from Vriksh Impact Partners.
Diabetes-focused healthcare startup Twin health raised $ 140 million (around Rs 1,000 crore) under Series C.
Based in India and the United States Esper announced Monday that it had raised $ 60 million (around Rs 447 crore) with funding led by Insight Partners.
On-demand cloud communications service provider Ozonetel announced on Wednesday it had raised $ 5 million in funding.
Actions management platform Qapita said on Wednesday it had raised $ 15 million (around Rs 112 million) in funding from East Ventures (Growth Fund), Vulcan Capital and others.