Between July 1 and July 6, the Indian startups collectively mopped up around $176 Mn in funding across 16 deals
Purplle’s fundraise of $120 Mn from Abu Dhabi Investment Authority became the biggest funding activity this week
Delhi NCR-based agritech startup Arya.ag is raising $29 Mn (about INR 242 Cr) in a fresh funding round from a new investor – Blue Earth Capital
After a massive week-on-week drop in funding last week, the month of July started relatively on a somber note. Between July 1 and 6, the Indian startups collectively mopped up around $176 Mn in funding across 16 deals. This is 10.3% lower than $196.4 Mn raised by 17 startups in the last week of June.
Funding Galore: Indian Startup Funding Of The Week [ July 1 – July 6 ]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
1 Jul 2024
Purplle
Ecommerce
D2C
B2C
$120 Mn
–
ADIA
ADIA
3 Jul 2024
Matter
Cleantech
Electric Vehicle
B2C
$25 Mn
Series B
Helena, Japan Airlines & Translink Innovation Fund, Capital 2B, SB Invest
Helena
2 Jul 2024
Watch Your Health
Healthtech
Healthcare SaaS
B2B
$5 Mn
Series A
Cornerstone Ventures, Conquest Global
–
3 Jul 2024
Dice
Fintech
Fintech SaaS
B2B
$5 Mn
–
Dallas Venture Capital, GVFL
Dallas Venture Capital
2 Jul 2024
Comet
Ecommerce
B2C Ecommerce
B2C
$5 Mn
Series A
Elevation Capital, Nexus Venture Partners
–
1 Jul 2024
Pepul
Media & Entertainment
Social Media & Chat
B2C
$4 Mn
pre-Series A
–
–
3 Jul 2024
Bike Bazaar
Ecommerce
B2C Ecommerce
B2C
$3 Mn
–
MAS Financial
MAS Financial
1 Jul 2024
Wify
Consumer Services
Hyperlocal Services
B2C
$3 Mn
pre-Series A
Mount Judi Ventures, Capria Ventures
Mount Judi Ventures, Capria Ventures
5 Jul 2024
Lobb
Logistics
Freight
B2B
$2.9 Mn
pre-Series A
Rajesh Voddiraju, Sharada Nandakumar, Shyama Raju
–
2 Jul 2024
Fabriclore
Ecommerce
B2B Ecommerce
B2B
$1.6 Mn
Seed
PeerCapital, Regal Group, Fluid Ventures, Matrix Partners India, DeVC, Bulleon Ventures
PeerCapital, Regal Group
1 Jul 2024
Cautio
Healthtech
Healthcare SaaS
B2B
$778K
pre-Seed
Antler, 8i Ventures, AU Small Finance Bank, Rahul Mathur, Shan MS, Pranjal Kalra
Antler, 8i Ventures, AU Small Finance Bank
3 Jul 2024
EleFant
Media & Entertainment
Digital Media
B2C
$750K
Seed
Venture Catalysts, Malpani Ventures, Dr. Sudhakar Pai, Jyothi Pradhan, Agre Global FZE, Growth Sense, IVY Growth, Serious One Capital, Jignesh Mehta
Venture Catalysts, Malpani Ventures
3 Jul 2024
flutrr
Media & Entertainment
Social Media & Chat
B2C
–
–
Huma Qureshi
Huma Qureshi
2 Jul 2024
Supply6
Ecommerce
D2C
B2C
–
–
AB de Villiers
AB de Villiers
1 Jul 2024
Pivot Robots
Deeptech
Robotics Process Automation (RPA)
B2B
–
–
NuVentures
NuVentures
3 Jul 2024
Hoop
Ecommerce
D2C
B2C
–
–
PV Sindhu
PV Sindhu
Key Startup Funding Highlights Of The Week
- Beauty ecommerce platform Purplle bagged $120 Mn from Abu Dhabi Investment Authority, making it the biggest fundraise of this week. Besides this funding, the startup further an ESOP liquidation exercise worth INR 50 Cr for its employees.
- Fuelled by Purplle’s fundraise, the ecommerce sector became the funded sector with an investment of $129.6 Mn. Besides, the sector also witnessed the most number of deals this week – six.
- The seed funding dipped to $3.05 Mn this week across three, an almost 50% lower than $6.9 Mn reported last week.
Other Major Developments Of The Week
- Bengaluru-based logistics and distribution startup Ripplr is all set to raise $4.7 Mn in a debt from IPO-bound Northern Arc.
- Listed Nazara Technologies’ subsidiary Nextwave Multimedia will be completing the acquisition of casual freemium card game UTP- Ultimate Teen Patti in a month.
- Shelving its IPO plans, Hospitality unicorn OYO is now raising $50 Mn (about INR 415 Cr) from financial services provider InCred.
- Delhi NCR-based agritech startup Arya.ag is raising $29 Mn (about INR 242 Cr) in a fresh funding round from a new investor – Blue Earth Capital
- Peak XV Partners MD Rajan Anandan has said that the VC firm has a dry powder of INR 16,000 Cr to invest in Indian startups.
- CoinCDX has acquired Dubai-based virtual assets trading platform BitOasis, marking its overseas expansion
- Next Bharat Ventures IFSC Private Limited, a subsidiary of Suzuki Motor Corporation, has launched an INR 340 Cr social impact investment fund.
