[Funding Galore] From Bira91 To IndiaGold—$245 Mn Raised By Indian Startups This Week

Funding activities in the fourth week of November went down after witnessing a slight uptick in the previous week. Between November 21 and 26, the startup ecosystem managed to raise $245 Mn across 22 deals. This is 28% lower than $344 Mn raised in the last week by Indian startups across 28 deals. However, this is 87% more from the week prior when Indian startups raised  $131 Mn across 23 deals. 

Indian craft beer maker – Bira91 bagged the biggest funding deal of this week with $70 Mn investment from Japan’s Kirin Holdings. Nutritional and wellness marketplace HealthKart is the second biggest fundraiser this week. It has raised $66.5 Mn in its ongoing funding round from Singapore Sovereign fund Temasek. Next comes Jaipur and California-based software consulting platform Celebal Technologies, who raised the third biggest round of $32 Mn in minority growth investment from venture capital (VC) firm Norwest Venture Partners. 

Funding Deals Of The Week

Startup Funds This Week

• Odisha government’s startup-focused fund has received a commitment of INR 1,000 Cr, which will be invested in startups in the state, said Startup Odisha’s executive chairman Omkar Rai at an event
• Skyroot Aerospace-backer AUM Ventures has launched its maiden VC fund for Indian startups
• Bengaluru-based Transition VC has launched its maiden fund worth INR 400 Cr (around $49 Mn) with a greenshoe option of another INR 200 Cr ($24.5 Mn) to back startups across cleantech segments
• Yatra Angel Network, an early stage investor has announced the first close of its maiden fund worth INR 90 Cr
• Zetwerk-backer Kae Capital has announced the final close of its oversubscribed third fund III at INR 767 Cr (approximately $100 Mn).

Other Developments Of The Week

• Edtech startup Skill-Lync has acquired online learning platform Crio for an undisclosed amount
• Aditya Birla Fashion & Retail (ABFRL) is set to acquire a majority stake in Mumbai-based D2C clothing brand Bewakoof for about INR 100 Cr 
• Newly turned SaaS unicorn Amagi has acquired US-based data platform Streamwise, for an undisclosed amount
• US-listed Indian online travel aggregator’s Indian arm Yatra Online Ltd has received Indian market regulator SEBI’s approval for INR 750 Cr public listing.