The Indian Wire » Startups » Weekly Report: Indian startup ecosystem secures $341.3 million in second week of July across 18 deals

Weekly Report: Indian startup ecosystem secures $341.3 million in second week of July across 18 deals

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The Indian startup ecosystem collected tranche of $341.3 million in the second week of July across 18 deals. This is merely a point lesser than the collection of its first week which was around $342 million.
Here are the highlights: 
Across the 18 deals, BYJU’s bags the center stage position by raising largest funding with a $150 million investment led by Qatar Investment Authority and Own Ventures.

With this round of funding, BYJU’S aims to aggressively expand in international markets.

To know more: BYJU’s secures $150 million from Qatar Investment Authority, Owl Ventures

While, a Robotics startup Emotix raised seed funding of ₹18.6 crore from Chiratae Ventures, YourNest India VC Fund, and Technology Venture Fund.

Gurugram-based SaaS startup, O4S raised $2.1 million in Pre-Series A funding led by Venture Highway to expand its operations in India.

B2B industrial goods ecommerce marketplace Moglix announced the closing of its Series D round of funding of $60 million, which was led by Tiger Global with participation from Sequoia India and Composite Capital.

On the other side, fintech startup NiYO Solutions raised$35 million in Series B round led by Horizons Ventures, Tencent and existing investor, JS Capital LLC. With this, the total funding raised by NiYO stands at $49 million.

The logistics industry’s giant Rivigo closed its $65 million Series E funding from its existing investors SAIF Partners and Warburg Pincus. The startup aims to use these funds to further strengthen its technology and network coverage, which is a key game changer for the larger logistics market in the country.

Whereas, student housing startup Stanza Living raised an undisclosed amount as a part of its ongoing Series C round, led by Falcon Edge Capital.

Undisclosed deals included Jaipur-based automotive BattRE, Bengaluru based space-technology startup Pixxel, and Hyderabad-based Pure EV.

As part of the acquisition activity, Walmart Labs, the technology arm of the US retail giant Walmart, acqui-hired two Bengaluru-based startups to strengthen its customer service systems. The company acqui-hired healthtech startup FloCare and B2B wholesale trading platform BigTrade for undisclosed sums.

Other exits this week included hyperlocal delivery startup Milkbasket on Tuesday acquiring PSR SupplyChain, Gurugram-based foodtech unicorn Zomato India acquiring not-for-profit Feedin India, and fintech startup PayNearby acquiring We Care Insurance Broking Services.

Flipkart Co-founder Binny Bansal led an investment round of $1 million in House of Masaba, the luxury label brand founded by celebrity fashion designer Masaba Gupta.

Mumbai-based HealthAssure, a health-tech primary care services platform, raised $2.5 million in a Series A round led by Blume Ventures, an early stage venture capital fund.

While other deals included Cornerstone Venture Partners, a venture fund floated by Reliance Industries Ltd executives invested $1 million each in two startups, Singapore-based Wigzo Technologies and Mumbai-based IntelligenceNode Consulting Pvt. Ltd.

Bengaluru-based social audio platform Headfone raised $750,000 in seed funding led by Fosun RZ Capital, an affiliate of Chinese conglomerate Fosun Group.

Mumbai-based interactive video platform Toch raised $450,000 in Pre-Series A funding led by investors from Hyderabad Angels, Mumbai Angels and other high net worth individuals (HNIs).

Edtech startup Board Infinity has raised $ 320,970 (or Rs 2.2 crore) in an angel round from a clutch of angel investors.

Sustainable clothing brand, NorthMist raised $146,320 (or Rs 1 crore) in equity from a clutch of angel investors.

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