[Funding Galore] From TurtleMint To ideaForge — Over $309 Mn Raised By Indian Startups This Week

[Funding Galore] From TurtleMint To ideaForge — Over $309 Mn Raised By Indian Startups This Week

SUMMARY

Indian startups raised around $309 Mn across 29 deals in the last week of April

The week saw a total of 4 acquisitions, including Wingreens Farms acquiring packaged snack brand Postcard

IPO-bound FirstCry has converted into a public entity

April is ending with a significant dip in Indian startup funding. In the last week of April, the startup ecosystem managed to raise $309 Mn across 29 deals. This is an almost 42% drop from $532 Mn the ecosystem raised in the second and third week of the month. 

It has to be highlighted that the week saw just one mega-deal (more than $100 Mn in value).

The Indian Startup Funding Deals Of The Week

Updates On Indian Startup IPOs

Ecommerce Unicorn FirstCry Converts Into Public Company

Ahead of its upcoming initial public offering (IPO), omnichannel baby & kids marketplace FirstCry has converted itself into a public company. 

According to FirstCry’s regulatory filing, the ecommerce unicorn’s board has passed a resolution to convert the entity from private to public. 

The startup has renamed itself as Brainbees Solutions Limited. It approved the reclassification and sub-division of equity and preference shares as well. 

From The Startup Acquisition Desk

  • Fintech unicorn CredAvenue has acquired an 82% stake in SaaS startup Corpository through a combination of primary investment and secondary purchase from existing shareholders.
  • AI-powered digital asset management startup Kristal.AI has acquired global investment platform Globalise.
  • Sequoia-backed Wingreens Farms has acquired Bengaluru-based packaged food brand Postcard.
  • Chennai-based data-as-a-service (DaaS) startup PipeCandy has been acquired by the US-based ecommerce software company Assembly for an undisclosed amount.

Startup Funds This Week

  • Web3 and crypto-focused investor Amesten Capital has secured $9 Mn from family houses in the Middle East and Europe to set up a new fund to be focussed on gaming space, decentralised (DeFi) finance, and infrastructure. 
  • Venturi Partners has fully closed its first consumer-focused fund at $175 Mn to back startups in India and Southeast Asia.
  • Venture capital (VC) firm Chiratae Ventures is planning to raise $600 Mn to ramp up its investments in Indian technology startups.

Other Developments From The Indian Startup Ecosystem

  • Fintech unicorn slice is in talks to raise $55 Mn from it existing investor Tiger Global, Insight Partners as part of a larger $150 Mn round at $1.8 Bn valuation
  • Singapore’s state-owned investment firm Temasek Holdings has announced an investment of $162.5 Mn in three funds managed by Sanjeev Bikhchandani-backed Info Edge.
  • Indian telecom giant Bharti Airtel has acquired a 7% stake in Mumbai-based cloud networking solutions provider Cnergee Technologies under Airtel Startup Accelerator Program for an undisclosed amount.
You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

[Funding Galore] From TurtleMint To ideaForge — Over $309 Mn Raised By Indian Startups This Week-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

[Funding Galore] From TurtleMint To ideaForge — Over $309 Mn Raised By Indian Startups This Week-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

[Funding Galore] From TurtleMint To ideaForge — Over $309 Mn Raised By Indian Startups This Week-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

[Funding Galore] From TurtleMint To ideaForge — Over $309 Mn Raised By Indian Startups This Week-Inc42 Media
[Funding Galore] From TurtleMint To ideaForge — Over $309 Mn Raised By Indian Startups This Week-Inc42 Media
You’re in Good company