[Funding Galore] From Jai Kisan To SuperShare — $118 Mn Raised By Indian Startups This Week

The last week of July has seen a significant drop in marking investment deals. Between July 25 and 30, the startup ecosystem raised $118 Mn across 24 funding deals. This is a 37.5% drop from the last week, when the ecosystem raised $189 Mn across 29 deals, and is 73.6% drop from the week before, when the Indian startups raised $448 Mn in funding across 30 deals. 

The week did not witness any mega round or any new unicorn being minted. 

Most active investor of the week was Kunal Shah, as he invested in four deals.

The Indian Startup Funding Deals Of The Week

Updates On Indian Startup IPOs

Ahead Of $300 Mn IPO, Pepperfry Rejigged Business Structure

Online furniture marketplace Pepperfry which has been gearing for an initial public offering (IPO) for quite some time, is now rejigging its business structure. The startup which was initially heading for an US listing has redomiciled Pepperfry from Cayman Islands to Mumbai. The startup is also mulling to raise $300 Mn through the IPO and has already started onboarding independent directors. 

From The Startup Acquisition Desk

• Bengaluru-based COGOS Technologies has acquired logistics startup Porter’s FMCG modern trade business for an undisclosed amount. 
• Singapore and Hyderabad-based equity management SaaS startup Qapita has completed 100% acquisition of Pune-based company ESOP Direct.
• YogaBar has acquired the intellectual property (IP) of SuperHealth, a healthy snack-based brand.

Startup Funds This Week

• Private equity company Xponentia Capital Partners has completed the first close of its second fund, Xponentia Opportunities Fund 2 after securing INR 365 Cr from limited partners (LPs). 
• Also, angel investment fund Peaceful Progress announced the first close of its INR 50 Cr fund for early-stage startups.
• Private equity firm Lighthouse Funds is in talks to raise $400 Mn for a new fund that will target fast-growing consumer brands in the country.

Other Developments From The Indian Startup Ecosystem

• US-based digital lending platform Biz2Credit claims to have exercised an employee stock ownership plan (ESOP) liquidity scheme worth $12.25 Mn for its over 500 Indian workforce.
• Ola and Uber denied recent merger talks about Ola’s fleet business in India.