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

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Cleric held from Bareilly in Kamlesh Tiwari murder case

Lucknow, Oct 22 (IANS) The Uttar Pradesh ATS has arrested a cleric from Bareilly, alleged to be in touch...

Amala Paul overwhelmed on working in Telugu version of Netflix’s Lust Stories

Amala Paul is a well established name in the Telugu cinema who is known for her work in successful films like Thiruttu Payale 2, Amma...

‘Syria offensive to resume if Kurds don’t withdraw’

Ankara, Oct 22 (IANS) Turkey has threatened to resume its offensive on the northern Syrian border if Kurdish militias do not clear the area...

Federer celebrates match No. 1500 with a win

Basel (Switzerland), Oct 22 (IANS) Roger Federer registered a commanding straight sets victory over German qualifier Peter Gojowczyk in what was the Swiss legend's...

Happy with SC order, manufactured apprehensions laid to rest: Anirudh Chaudhry

By Baidurjo BhoseNew Delhi, Oct 22 (IANS) Hearing the BCCI matter, the Supreme Court bench comprising Justices S.A. Bobde and L. Nageswara Rao on...
- Advertisement -

More Articles Like This