Indian Startup Funding — Startups Raised $186 Mn This Week

SUMMARY

Indian startups cumulatively raised $185.8 Mn throughout 21 offers, a 49% enhance from $125 Mn secured through 18 offers within the previous week

Lightspeed, Peak XV and Elevation Capital backed a number of startups this week

Enterprise tech sector noticed the very best variety of seven offers materialise this week through which startups raised $46.7 Mn within the week

Amid rumblings within the broader public markets in India, the startup ecosystem noticed an elevated investor curiosity. Between November 11 and 16, startups raised $185.8 Mn throughout 21 offers. This marks a 49% enhance from the $125 Mn raised by startups throughout 18 offers within the previous week. 

Regardless of a bearish sentiment within the broader market, foodtech main Swiggy transitioned to turn into a publicly listed firm this week. Apart from, the approaching week will even see logistics unicorn BlackBuck making its public market debut. 

Funding Galore: Indian Startup Funding Of The Previous Two Weeks [ Nov 11 – Nov 16 ]

Key Startup Funding Highlights Of The Week

• Regardless of a windfall of funding at early phases, the Indian startup ecosystem noticed one deal materialise on the late stage degree. Fintech startup SarvaGram raised the most important cheque this week, bagging $67 Mn in its Sequence D spherical.
• Whereas SarvaGram’s fundraise solely took fintech to the highest of funding tendencies at a sectoral degree, enterprisetech noticed essentially the most variety of offers materialise this week. Startups within the sector raised $46.7 Mn throughout seven offers within the week.
• Probably the most energetic investor this week was Lightspeed, backing edtech Bhanzu, agritech Wheelocity and deeptech Airbound this week. Peak XV and Elevation Capital additionally backed two startups apiece.
• Seed funding remained flat within the week, rising 10% to $5.9 Mn from final week’s $5.4 Mn.

Fund Funds Launches Of The Week

• Enterprise capital (VC) agency Pavestone VC marked the ultimate shut of its Pavestone Know-how Fund at $97 Mn. It’s trying to again 8-10 development stage startups with a mean ticket measurement of $5-10 Mn.
• Sandiip Bhammer-led VC agency Inexperienced Frontier Capital launched its Inexperienced Frontier Capital India Local weather Alternatives Fund with a goal corpus of INR 1,500 Cr.
• Orios Enterprise Companions’ managing companions Anup Jain and Rajeev Suri launched VC agency BlueGreen Ventures with a $75 Mn fund. The agency will again early-stage and IPO sure startups.

Mergers & Acquisitions Of The Week

• Proptech startup purchased 11% stake of Mumbai-based actual property advisory Guardians for $12 Mn. It intends to extend its stakeholding to 50% within the coming three years.
• Unicommerce acquired 42.7% stake in Shipway for INR 68.4 Cr and plans on buying the remaining stake in Shipway inside a yr through a merger or inventory swap.
• Coimbatore based mostly SaaS startup Kovai.co introduced the acquisition of US based mostly Floik to boost its Document360 data administration platform.
• On-line journey aggregator EaseMyTrip’s board accredited the acquisition of 49% stake in Planet Schooling Australia for INR 39.20 Cr and a 50% stake in Jeewani Hospitality Personal Restricted for INR 100 Cr.

Updates On Indian Startup IPOs

• Swiggy made its public market debut on Tuesday ((November 13), with its shares itemizing at INR 420 on the NSE, a premium of practically 8% from its IPO concern value of INR 390 per share.
• Shortly after its portfolio firm Swiggy made a constructive market debut, its largest stakeholder Prosus stated that it’s exploring an IPO for PayU in India in 2025.
• Amid the continuing IPO increase, B2B market Zetworks is trying to get listed by 2025 in an IPO that can see it increase over $1 Bn.
• D2C electronics main bOAt has reportedly finalised ICICI Securities, Goldman Sachs and Nomura as bankers for its $300-$500 Mn IPO slated for subsequent yr.
• Forward of market shut on Friday, BlackBuck’s IPO noticed a muted subscription of 32% for its IPO. The problem will shut on November 18.

Different Developments Of The Weeks

• Reliance Shopper Product is buying D2C snacking startup TagZ Meals for INR 28 Cr ($3.5 Mn).
• Fintech unicorn Razorpay joined forces with Peak XV Companions and Lightspeed to launch a enterprise funding programme. With this, the trio will probably be trying to again early stage B2B startups throughout sectors.
• Sanjeev Bhikchandani-led Data Edge will probably be investing INR 4 Cr in its portfolio firm LegitQuest through its wholly owned subsidiary Startup Investments (Holdings) Ltd.
• Nazara Applied sciences and Nikhil Kamath’s WTFund will collectively make investments INR 2 Cr in two gaming startups, Norian Video games and Xigma Video games.
• Zomato plans to launch its INR 8,500 Cr certified institutional placement (QIP) in December, relying on market circumstances.