From Lenskart To Indifi — Indian Startups Raised $190 Mn This Week

SUMMARY

The Indian startup ecosystem secured $190 Mn funding across 21 deals in the second week of June

Eyewear unicorn Lenskart raised another $100 Mn from ChrysCapital in a fresh round of funding

Tiger Global-backed SaaS startup UrbanPiper acquired Ordermark’s US business for an undisclosed amount

Indian startups fared better in raising funds in the second week of June after two consecutive weeks. Between June 12 and June 17, Indian startups have collectively raised $190 Mn across 21 deals. This is a 44% jump from $132 Mn funding raised by Indian startups last week across 19 deals.

However, this week’s funding is 9% lower than $209 Mn raised by Indian startups collectively between May 29 and June 3 across 13 deals.

Key Startup Funding Deals Of This Week

Continuing its fundraising spree, eyewear unicorn Lenskart now secured $100 Mn investment from ChrysCapital, thus taking its total capital infusion to nearly $850 Mn within the past one year
Ecommerce sector secured the top position with raising $110 Mn funding across five deals
Early-stage startups funding dropped to $6.7 Mn this week as compared to an exceptionally high $18.6 Mn raised in the previous week
NABVENTURES and Rainmatter Health were the busiest investors this week as they participated in two deals each.

Startup Acquisitions Of This Week

Tiger Global-backed SaaS startup UrbanPiper acquired Ordermark’s US business for an undisclosed amount
Marketing startup Wondrlab acquired a majority stake in a Salesforce consulting and data analytics platform – Cymetrix
Adani Enterprises’ wholly-owned subsidiary Adani Digital Labs signed an agreement to acquire railway ticketing startup Trainman.

Other Major Developments From This Week

Lee Fixel’s VC firm Addition, which invested in Delhivery, plans to raise $1.5 Bn as part of its new fund
Bengaluru-based CaHa Capital launched a climate tech and climate finance-focussed venture studio, VAIA Climate Studio and plans to raise a maiden fund of $25 Mn for it
South Korea Mirae Global has infused INR 1,240 Cr into its Indian arm, Mirae Asset Capital Markets to scale its brokerage platform m.Stock
Proparco, a subsidiary of Agence Française de Développement Group, has invested $35 Mn in private equity (PE) firm Quadria Capital.

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