[Funding Galore] Over $653 Mn Raised By Indian Startups In Funding

[Funding Galore] From Zetwerk To GlobalBees — Over $653 Mn Raised By Indian Startups This Week

SUMMARY

Indian startups have raised close to $653 Mn across 20 deals this week, a 53% drop from the last week

The highest funding of this week was $210 Mn raised by Zetwerk from Greenoaks Capital, D1 Capital at $2.5 Bn valuation

This week, Indian ecosystem produced two more unicorns i.e. GlobalBees and Mamaearth

Infocus

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.

In the last week of 2021, the Indian startup ecosystem picked up $653 Mn in funding across 20 deals. Unlike other years, the last week of this year saw a few bigger cheques being handed over to the startup.

The week further produced two more unicorns (GlobalBees and Mamaearth), thus taking the total number of Indian startups attaining unicorn startups this year to 42.

Inc42 exclusively reported about Thrasio-style venture GlobalBees’ $111.5 Mn funding from FirstCry, Premji Invest, SoftBank, among others at $1.1 Bn.

D2C brand Mamaearth achieved unicorn status after raising $38 Mn from Sequoia Capital at $1.07 Bn valuation.

However, this week’s investment was 53% lower than the last week, when Indian startups received $1.4 Bn across 36 deals and a 50% drop from the week prior when $1.3 Bn capital was pumped into the ecosystem across 48 deals.

Here are all the funding rounds disclosed this week:

Startup IPOs This Week

Capillary Technologies Files For INR 850 Cr IPO

Bengaluru and Singapore-based Capillary Technologies has filed INR 850 Cr draft red herring prospectus (DRHP) with market regulator SEBI. The startup’s offer includes fresh issue of shares worth INR 200 Cr and an offer for sale of worth INR 650 Cr.

MobiKwik Raises INR 100 Cr In Pre-IPO Round From Bennet Coleman

IPO-bound digital payment solution provider MobiKwik has raised around INR 100 Cr in a pre-IPO placement from Bennett Coleman and Company Limited.

As per the recent regulatory filings, the startup has approved the allotment of 8,83,159 equity shares to Bennett Coleman and Company Limited, the parent company of Times Group.

From Acquisition Desk

Thrasio-style venture Mensa Brands has acquired digital-first Indian denim brand High Star
IDAM House Of Brands, a D2C aggregator, has announced the acquisition of MeeSoGood, a chocolate and coffee brand.

Startup Funds This Week

Micro venture capital fund Eximius Ventures is launching ‘The Gaming Lounge’ to place more bets in gaming and esports. The Gaming Lounge made its first investment by participating in gaming startup EsportsXO’s seed funding round.