From Purplle To Matter – Indian Startups Raised 6 Mn This Week

By Inc42 Media

SUMMARY

Between July 1 and July 6, the Indian startups collectively mopped up around $176 Mn in funding across 16 deals

Purplle’s fundraise of $120 Mn from Abu Dhabi Investment Authority became the biggest funding activity this week

Delhi NCR-based agritech startup Arya.ag is raising $29 Mn (about INR 242 Cr) in a fresh funding round from a new investor – Blue Earth Capital

After a massive week-on-week drop in funding last week, the month of July started relatively on a somber note. Between July 1 and 6, the Indian startups collectively mopped up around $176 Mn in funding across 16 deals. This is 10.3% lower than $196.4 Mn raised by 17 startups in the last week of June. 

Funding Galore: Indian Startup Funding Of The Week [ July 1 – July 6 ]

DateNameSectorSubsectorBusiness ModelFunding Round SizeFunding Round TypeInvestorsLead Investor
1 Jul 2024PurplleEcommerceD2CB2C$120 MnADIAADIA
3 Jul 2024MatterCleantechElectric VehicleB2C$25 MnSeries BHelena, Japan Airlines & Translink Innovation Fund, Capital 2B, SB InvestHelena
2 Jul 2024Watch Your HealthHealthtechHealthcare SaaSB2B$5 MnSeries ACornerstone Ventures, Conquest Global
3 Jul 2024DiceFintechFintech SaaSB2B$5 MnDallas Venture Capital, GVFLDallas Venture Capital
2 Jul 2024CometEcommerceB2C EcommerceB2C$5 MnSeries AElevation Capital, Nexus Venture Partners
1 Jul 2024PepulMedia & EntertainmentSocial Media & ChatB2C$4 Mnpre-Series A
3 Jul 2024Bike BazaarEcommerceB2C EcommerceB2C$3 MnMAS FinancialMAS Financial
1 Jul 2024WifyConsumer ServicesHyperlocal ServicesB2C$3 Mnpre-Series AMount Judi Ventures, Capria VenturesMount Judi Ventures, Capria Ventures
5 Jul 2024LobbLogisticsFreightB2B$2.9 Mnpre-Series ARajesh Voddiraju, Sharada Nandakumar, Shyama Raju
2 Jul 2024FabricloreEcommerceB2B EcommerceB2B$1.6 MnSeedPeerCapital, Regal Group, Fluid Ventures, Matrix Partners India, DeVC, Bulleon VenturesPeerCapital, Regal Group
1 Jul 2024CautioHealthtechHealthcare SaaSB2B$778Kpre-SeedAntler, 8i Ventures, AU Small Finance Bank, Rahul Mathur, Shan MS, Pranjal KalraAntler, 8i Ventures, AU Small Finance Bank
3 Jul 2024EleFantMedia & EntertainmentDigital MediaB2C$750KSeedVenture Catalysts, Malpani Ventures, Dr. Sudhakar Pai, Jyothi Pradhan, Agre Global FZE, Growth Sense, IVY Growth, Serious One Capital, Jignesh MehtaVenture Catalysts, Malpani Ventures
3 Jul 2024flutrrMedia & EntertainmentSocial Media & ChatB2CHuma QureshiHuma Qureshi
2 Jul 2024Supply6EcommerceD2CB2CAB de VilliersAB de Villiers
1 Jul 2024Pivot RobotsDeeptechRobotics Process Automation (RPA)B2BNuVenturesNuVentures
3 Jul 2024HoopEcommerceD2CB2CPV SindhuPV Sindhu

Key Startup Funding Highlights Of The Week

  • Beauty ecommerce platform Purplle bagged $120 Mn from Abu Dhabi Investment Authority, making it the biggest fundraise of this week. Besides this funding, the startup further an ESOP liquidation exercise worth INR 50 Cr for its employees.
  • Fuelled by Purplle’s fundraise, the ecommerce sector became the funded sector with an investment of $129.6 Mn. Besides, the sector also witnessed the most number of deals this week – six. 
  • The seed funding dipped to $3.05 Mn this week across three, an almost 50% lower than $6.9 Mn reported last week.
    From Purplle To Matter – Indian Startups Raised $176 Mn This Week 

Other Major Developments Of The Week

  • Bengaluru-based logistics and distribution startup Ripplr is all set to raise $4.7 Mn in a debt from IPO-bound Northern Arc. 
  • Listed Nazara Technologies’ subsidiary Nextwave Multimedia will be completing the acquisition of casual freemium card game UTP- Ultimate Teen Patti in a month.
  • Shelving its IPO plans, Hospitality unicorn OYO is now raising $50 Mn (about INR 415 Cr) from financial services provider InCred. 
  • Delhi NCR-based agritech startup Arya.ag is raising $29 Mn (about INR 242 Cr) in a fresh funding round from a new investor – Blue Earth Capital
  • Peak XV Partners MD Rajan Anandan has said that the VC firm has a dry powder of INR 16,000 Cr to invest in Indian startups.
  • CoinCDX has acquired Dubai-based virtual assets trading platform BitOasis, marking its overseas expansion
  • Next Bharat Ventures IFSC Private Limited, a subsidiary of Suzuki Motor Corporation, has launched an INR 340 Cr social impact investment fund.

Source: Inc42 Media