From Purplle To Matter – Indian Startups Raised $176 Mn This Week

SUMMARY

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.