Indian Startup Funding Of The Week [December 14-19]

We carry to you the newest version of Funding Galore: Indian Startup Funding Of The Week!

Zomato has introduced the closing of a $660 Mn spherical from 10 new traders corresponding to Tiger World, Kora Capital, Luxor, Constancy (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview, amongst others. Many of those rounds had already been introduced as traders within the firm in previous months. Zomato has raised the spherical at a post-money valuation of $3.9 Bn.

Cofounder and CEO Deepinder Goyal introduced that about $140 Mn got here by means of a secondary transaction, which offered liquidity price $30 Mn to our ex-employees.

As per rounds introduced earlier, Zomato secured $50 Mn from Kora Administration LP, $60 Mn from Luxor Capital Group and $40 Mn from Mirae Asset, together with $20 Mn every from Steadview Capital and Bow Wave Capital Administration, and $5 Mn from Baillie Gifford & Co.

About $980.6 Mn was invested throughout 22 Indian startups this week, and two firms have been acquired. Final week,  $78.1 Mn was invested throughout 17 offers. (This funding report relies on startups that disclosed funding quantities)

High Indian Startup Funding Offers Of The Week

1. Zomato: $660 Mn from Tiger World, Kora Capital, Luxor, Constancy (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview
2. Zenoti: $160 Mn in Sequence D from Creation Worldwide, Tiger World Administration and Steadview Companions
3. LeadSquared: $32 Mn  in Sequence B from Gaja Capital, Stakeboat Capital and Silicon Valley expertise entrepreneur Jyoti Bansal
4. Wakefit: $26 Mn in Sequence B from Verlinvest and Sequoia Capital India
5. Delhivery: $25 Mn from Steadview
6. PhonePe: $21 Mn from Flipkart
7. Arya: $21 Mn in Sequence B from Quona Capital and present traders LGT Lightstone Aspada and Omnivore
8. PagarBook: $15 Mn in Sequence A from Sequoia Capital, India Quotient
9. Shiprocket: $7.5 Mn from March Capital and present investor Tribe Capital in Sequence C
10. M1xchange: $4.5 Mn from Beenext Asia and Mayfield
11. Pickrr: $Four Mn from Guild Capital, Omidyar Community India
12. Hashnode: $2.1 from Sequoia Capital India’s Surge
13. LOGIQ: $1.eight Mn in seed spherical led by Leo Capital
14. Sreyas Holistic Cures: $1.Three Mn from BlackSoil
15. Appboxo: $1.1 Mn in seed spherical from FF APAC Scout, 500 Startups Southeast Asia, Plug and Play, and Antler
16. Countingwell: $1 Mn from Delhi Non-public College of UAE and Interstar
17. Callify.ai: $560Okay from Malpani Ventures, Enterprise Catalysts, Calega Enterprise, The Chennai angel Community and Marvari Angel Community
18. Cowl it Up: $475Okay from angel traders Sanjay Wadhwa, Manish Mardia, Madan Lal Gundecha, Vimal Jain, and Nishank Sakaria
19. BiteSpeed: $275Okay in seed spherical  from Whiteboard Capital, First Cheque, Upsparks, and First Rules, together with different angel traders
20. Spice Cash: Undisclosed quantity from Bollywood actor and entrepreneur Sonu Sood
21. Fleeca: Undisclosed quantity from Bridgestone India
22. Hudle: Undisclosed quantity in Pre-Sequence A from Survam Companions, household workplace of Suman Kant Munjal and others

Acquisitions Of The Week

• Healthtech startup Wellversed has acquired Delhi NCR-based Sportfit to increase its portfolio of coaching programmes for well being transformation and athletic transformations. The acquisition will assist Wellversed increase the ‘Wellness Servicing’ group at Wellversed, growing the group power to round 100 staff. The corporate plans to allow over 100Okay paid transformations by the top of 2021.

• Melbourne-headquartered deeptech startup Truventor.ai has acquired Pune-based B2B cloud manufacturing platform Chizel. As a part of the deal, Chizel founders and traders will get an undisclosed stake in Truventor, whereas Chizel founders will be part of the Truventor administration group.

Different Developments Of The Week

• Bengaluru-based psychological well being startup Wysa is trying to increase funds from Google, the corporate’s filings with the ministry of company affairs (MCA) verify.  he filings, which include Wysa mother or father Touchkin Eservices Non-public Restricted’s articles of affiliation (AOA), learn, ‘“Sequence A1 Investor” shall imply Google Worldwide LLC.’

• The Securities and Alternate Board of India (SEBI) has relaxed the norms to permit fintech startups and different entities to enter the mutual fund (MF) enterprise. Till now, the regulator required entrants to have 5 years of expertise within the monetary providers enterprise and exhibit three years of profitability, and to keep up a internet price of $6.eight Mn (INR 50 Cr).

• SEBI has beneficial a slew of relaxations in norms so as to enhance the itemizing of startups. This consists of lowering the holding interval for pre-issue capital and permitting discretionary allotment to all eligible traders.

• The Reserve Financial institution of India this week introduced that cross-border funds goes to be the theme for its second cohort below the regulatory sandbox initiative. The central financial institution has additionally determined to maintain MSME lending because the theme for its third cohort.

• Noida-based Indian on-line classifieds firm Data Edge has expanded the corpus of Data Edge Enterprise Fund (IEVF) to INR 750 Cr. This follows a contribution of INR 375 Cr from MacRitchie Investments.