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[Funding Galore] From Fractal To Dunzo — Over $1.3 Bn Raised By Indian Startups This Week

[Funding Galore] From Fractal To Dunzo — Over $1.3 Bn Raised By Indian Startups This Week

Indian startup ecosystem has raised around $1.3 Bn in funding across 35 deals in the first week of 2022

The week saw a total of 12 acquisitions, with Curefoods adding five brands to its portfolio

The week also saw 21-year-old Fractal Analytics entering the unicorn club with $360 Mn of funding

The first week of 2022 started with a bang, as the Indian startup ecosystem moped $1.3 Bn in total funding across 35 deals between January 3 and 8. This is almost a 100% rise from $653 Mn that Indian startups raised in the last week of December. The year’s first week of funding is, however, 6.5% lower than $1.4 Bn startups raised between December 20 and 25 of last year. 

What’s more interesting is that the week saw the rise of a new unicorn, as Fractal Analytics bagged $360 Mn from IPO-bound TPG at a valuation of more than $2 Bn. 

The week further saw Mukesh Ambani’s Reliance Retail lead a $240 Mn funding round in Bengaluru-based hyperlocal delivery startup Dunzo at $775 Mn valuation. 

Further, Bengaluru-based B2B ecommerce giant Udaan has raised $250 Mn in a fresh round of funding. The B2B unicorn raised $200 Mn through convertible notes and $50 Mn through debt in the Pre-IPO round. 

Here are the disclosed startup funding deals of this week:

From The Acquisitions Desk

  • Thrasio-style foodtech startup Curefoods further expanded its brand portfolio by acquiring five more food brands: Juno’s Pizza, Cupcake Noggins, Iceberg, Nomad Pizzas and White Kitchens
  • Fastest unicorn of 2021, Mensa Brands acquired Kolkata-based leather goods manufacturer and seller—Estalon
  • Good Glamm Group announced the stealth mode acquisitions of influencer marketing platform Winkl and video analytics startup Vidooly 
  • Global same-day intra-city delivery service company Borzo acquired NOW, an India-based last-mile delivery service startup
  • Bengaluru-rooted Algonomy will be acquiring Sri Lanka-based cloud technology startup Linear Squared
  • Zomato-backed Shiprocket acquired a majority stake in Delhi-based online contextual marketing platform for ecommerce Wigzo
  • udChalo, a consumer technology startup that serves India’s defense forces acquired Pune-based software startup Dimentrix.

Other Developments Of The Week