SUMMARY
NoBroker has raised $30 Mn in its Series D funding
Zomato is now looking to acquire Grofers to consolidate position in the grocery delivery space
Overall, 10 startups raised around $71.4 Mn funding
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Funding Galore
Every week, more than a dozen startup secure funding and many get acquired. In this weekly series, we bring the latest deals from the Indian startup ecosystem consolidated at a single page.
We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!
In one of the biggest funding round this week, Bengaluru-headquartered real estate platform NoBroker has raised $30 Mn in its Series D funding, taking it to $80 Mn totally.
The round was led by General Atlantic and earlier, Tiger Global has also invested in the company. The company further said that this funding will help it expand to new cities and also go deeper into the existing cities and service more customers. “We will also invest further in our sales vertical,” said Saurabh Garg, CBO and cofounder of NoBroker.
Overall, 10 startups raised around $71.4 Mn funding in the Indian startup ecosystem this week. (This funding report is based on startups that disclosed funding amount.)
Indian Startup Funding Of The Week
- NoBroker: $30 Mn
- Yellow Messenger: $20 Mn
- Setu: $15 Mn
- Wellthy Therapeutics: $4 Mn
- Aavenir: $2 Mn
- Toch: $400K
- The Morning Context: Undisclosed
- Locale.ai: Undisclosed
- B:Live: Undisclosed
- Power Gummies: Undisclosed
- Yellow Messenger
- Setu
- Wellthy Therapeutics
- Aavenir
- Toch
- The Morning Context
- EWar Games
- Locale.ai
- B:Live
- Power Gummies
Other Developments Of The Week
- US-based venture capital firm Lightspeed Venture Partners has announced the final close of three funds — Lightspeed Venture Partners XIII (Fund XIII), Select Fund IV, and Lightspeed Opportunity Fund — at $890 Mn, $1.83 Bn, and $1.5 Bn respectively. The $1.5 Bn Opportunity Fund will invest in breakout startups in India, China, Israel, Europe, and Southeast Asia. As of now, Lightspeed has not disclosed the names of the limited partners for these three funds.
- After speculations of a potential fundraiser amid lockdown, Bengaluru-based online grocery delivery platform BigBasket has now received INR 379.87 Cr ($49.9 Mn) in debt from existing investor Alibaba.
- After acquiring Uber Foods earlier this year to strengthen the food delivery business, Gurugram-based foodtech unicorn Zomato is now looking to acquire Grofers to consolidate its position in the grocery delivery space.
- US-based 3D design software company Autodesk is looking to acquire a minority stake in bootstrapped Aurigo Software.
- Digital payments giant’s gaming platform, Paytm First Games, has received fresh infusion as gaming industry picks up demand amid lockdown.
- According to the Ministry of Corporate Affairs filings accessed by Inc42, the company has approved, allotted and issued 4.2 Mn equity shares worth $5.4 Mn (INR 40.75 Cr) to AGTech Media Private Limited on April 2.
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