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The Indian startup ecosystem raised around $503 Mn across 31 deals between October 17 and 22, 2022
The week saw V-Mart acquiring LimeRoad for INR 31.12 Cr
Yellow.ai has launched an employee stock ownership plan (ESOP) worth $43 Mn for its global workforce
Further continuing the funding force, Indian startups in the third week of October raised $503 Mn across 31 deals. This is a 61% increase from the previous week where the startups raised $312 Mn across 31 deals. This is a further 267% jump from the previous week where the ecosystem raised a total of $137 Mn across 14 deals.
In this week, edtech giant BYJU’S raised the biggest round of funding. Byju Raveendran-led edtech startup raised $250 Mn from its existing investors. BYJU’S fundraising was followed by EV scooter maker Ather which raised $50 Mn from Caladium Investment. Third comes the agritech startup DeHaat which raised $46 Mn from Sofina Ventures, along with other existing investors.
Antler India was the most active investor of the week as it had participated in three deals.
Funding Deals Of The Week
Startup Funds This Week
- Mumbai-based Alteria Capital has launched INR 1,000 Cr debt fund in participation with large family offices, founders, senior professionals, among others
- Avatar Venture has launched a $350 Mn new fund and will invest in B2B tech and SaaS sectors
- Indian government to set up an INR 500 Cr startup accelerator to help in scaling agritech startups in the country
- OLA’s backer Edelweiss has launched $361 Mn debt fund and named it Edelweiss Crossover Yield Opportunities Fund
- Indian Angel Network has launched its new IAN Alpha Fund, worth INR 1,000 Cr for early stage startups
- Silverneedle Ventures has launched an early-stage tech-focussed VC fund worth $12 Mn to invest in 30 early stage startups
Other Developments Of The Week
- V-Mart is acquiring Tiger Global-backed ecommerce startup LimeRoad in all cash deal for INR 31.12 Cr
- Gold jewellery marketplace startup Goldsetu has acquired a B2B jewellery ecommerce platform Buymyjewel
- Conversation AI startup Yellow.ai has launched an employee stock ownership plan (ESOP) worth $43 Mn for its global workforce
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