[Weekly funding roundup] Venture capital investments in startups rebound in the second week of September
Venture capital financing in Indian startups has shown almost a triple during the second week of September, after comparable below-par performance the previous week.
Total venture capital funding for the second week of September was $ 317 million on the other side 37 offers, compared to $ 82 million during the first week, the recording of a 287 percent growth.
September hasn’t really taken off for the Indian startup economy compared to the previous three months due to the lack of big deals.
The highlight of the week was the logistics unicorn Delivery raise capital from renowned start-up investor Lee Fixel. The company is reportedly in the process of finalizing the release of its initial public offering to join the growing list of other startups planning to go public soon.
Delhivery, the high logistics unicorn $ 76.4 million in financing of Addition, the company founded by high-profile start-up investor Lee Fixel.
Leap lifted $ 55 million in C series round of financing from Owl Ventures, Harvard Management Company, Jungle Ventures and Sequoia Capital India.
HomeLane, the raised home interior service provider $ 50 million from the Late Stage Tech Fund of IIFL AMC, OIJIF II, Stride Ventures and others.
CollegeDekho, an edtech startup raised $ 26.5 million of Winter Capital Partners, ETS Strategic Capital, Calega, Man Capital and Rajeev Chaba.
D2C brand Vahdam teas are high Rs 174 crore IIFL AMC’s private equity fund, Kris Gopalakrishnan family office and Sixth Sense Ventures.
Dukaan, a raised tech retail startup $ 11 million of 640 Oxford Ventures, Snow Leopard Ventures, Lightspeed Partners and Matrix India.
Nova Benefits, an employee well-being platform lifted $ 10 million of Susquehanna International Group and Bessemer Venture Partners.
Lido Learning, an edtech startup raised $ 10 million led by Unilazer Ventures, led by Ronnie Screwvala.
WeRize, a fintech platform raised $ 8 million of 3one4 Capital, Picus Capital, Kalaari Capital and Orios Ventures.
Coutloot, a social commerce startup raised $ 8 million from Ameba Capital, SOSV, 9Unicorns, Astarc Ventures and Venture Catalysts.
Freight Tiger, a SaaS startup has raised $ 6.5 million from Florintree Infra, and Aroa Ventures, the Family Office fund of OYO founder Ritesh Agarwal.
GoKwik, an e-commerce tech startup born $ 5.5 million of Matrix Partners India and RTP Global.
SaaS company Zoho has invested $ 5 million in Bangalore, medical device start-up Voxelgrids for a 25 percent stake.
Gigaforce, a staffing startup raised $ 3 million of Endiya Partners, Unitus Ventures and key angels.
Proeon, a raised food ingredients startup Rs 17.5 crore of several angel investors and family offices.
Supply chain tech startup Geniemode, raised $ 2.25 million Info Edge Ventures and Angel Investors.
Interior design tech startup Flipspaces has grown $ 2 million with angel investors and family offices.
COGOS Technologies corporate logistics startup raised $ 2 million of Transworld Group and Worldquant Ventures.
Biddano healthcare supply chain platform raised $ 2 million by Gokul Rajaram, JPIN, Venture Catalysts UK and AngelList, among others.
The biotechnology start-up ImmunitoAI raised $ 1 million of Pi Ventures and Entrepreneur First.
The foodtech startup GoodMylk has grown $ 1 million from a group of national and international angel investors.
Fleek, a subscription management platform raised $ 1 million from Axilor, RTP Global Ventures, Titan Capital and 9Unicorns Accelerator.
Elixia Tech supply chain start-up lifted $ 1 million of the Rajasthan Venture Capital Fund (RVCF) and other angel investors.
Deeptech SaaS NeuroPixel.AI startup lifted $ 825K from Inflection Point Ventures, Entrepreneur First, Huddle and Dexter Angels.
The startup Agritech Farmers Fresh Zone lifted Rs 6 crore from the IAN Fund, the Malabar Angel Network and the Native Angel Network.
The startup Edtech Vidyakul lifted $ 500,000 of We Founder Circle (WFC) and JITO Angel Network and Thinkuvate.
Neokred, a fintech start-up raised $ 500,000 from the Virenxia group, Rajesh Jain and Nitin Agarwal.
Anvesha, a high D2C healthy food brand Rs 3.67 crore of DSG Consumer Partners, Titan Capital and Anjali Bansal of Avaana Capital.
TechEagle lifted drone delivery start $ 500,000 India Accelerator, Vinners Group, Sitics Logistics and angel investors.
GameEon Studios game start-up lifted $ 320,000 of the Mumbai Angels Network.
Fieldproxy, a SaaS platform without lifted code Rs 2 crore from LetsVenture, 2am VC, magic.fund and angel investors.
The startup Agritech InfyU Labs raised Rs 1.8 crore IANs and angel investors.
Prolgae Spirulina elevated $ 200,000 of an angel investor.
The following startups have raised an undisclosed funding round: Sapio Analytics, OckyPocky, Hype Luxury and GimBooks.
India and US-based SaaS company Amagi have raised more than $ 100 million via Accel Partners, Avataar Ventures, Norwest Venture and Premji Invest.
BitCrunch, a blockchain start-up based in India and Germany, lifted $ 750,000 from Covalent, Double Peak, GenBlock Capital, Ledger Prime and others.
ShopUp, a Bangladesh-based e-commerce startup that merged with Voonik, raised $ 75 million of Valar Ventures, Prosus Ventures and others.
India-US-based deeptech start-up Trillbit raised $ 1.5 million of Refex Capital and Good Growth Capital (GGC).
The tech start-up based in India and Germany Zeotap raised $ 11 million of Breakout Fund, Liberty Global Ventures and others.
Mergers and Acquisitions
Third-party logistics company Sitics Logistic announced the acquisition of Udgam Logistics, a Delhi-based cold chain and distribution startup.
Gradeup acquired by BYJU – an online exam preparation platform – for undisclosed value.
American company Notion, an all-in-one workspace for notes, tasks, wikis and databases, has acquired Indian cloud startup Automate.io.
New Delhi-based health tech start-up BeatO has acquired Pune-based Novique Health for an undisclosed amount.
YourStory’s flagship startup and leadership conference will be virtually back for its 13th edition from October 25-30, 2021. Sign up to receive updates on TechSparks or to express your interest in partnerships and speaker opportunities . here.
To learn more about TechSparks 2021, click on here.
Applications are now open for Tech30 2021, a list of India’s 30 most promising tech startups. Apply or nominate a startup to become a Tech30 2021 startup here.