[Weekly funding roundup Nov 8-14] Strong bounce back in venture investments

Venture investments into Indian startups picked up pace in the second week of November after a weak inflow in the previous week with unicorns like The Good Glamm Group and Zomato leading from the front.

Indian startups raised $554 million in venture funding for the second week across 23 deals and this was a steep 350 percent increase when compared to the previous week where the figure stood at $123 million.

D2C startup Good Glamm Group which turned into a unicorn this month continue to raise further capital while Zomato has made investments into three startups – Magicpin, Shiprocket, and Curefit.

However, the week belonged to Nykaa, the beauty and fashion omnichannel retailer which had a stellar listing on the stock markets with its share price almost doubling on day one, beating everybody’s expectations.

The year is soon coming to a close and the Indian startup ecosystem will scale new heights in terms of record funding and the creation of new unicorns

Key deals

D2C startup Good Glamm Group raised $150 million in Series D round led by Warburg Pincus and Prosus Ventures. 

Car-sharing marketplace Zoomcar raised $92 million private placement led by SternAegis Ventures and other investors.

Zomato will invest in three startups with $75 million in Shiprocket, $60 million in Magicpin and $50 million in Curefit.

Other transactions

Vayana Network, a trade finance platform, raised Rs 283 crore led by Chiratae Ventures, CDC Group, Jungle Ventures, and others.

Wakefit, a home and sleep solutions brand, raised Rs 200 crore led by SIG with participation from Verlinvest and Sequoia Capital.

Health and wellness startup Mosaic Wellness raised $24 million from Sequoia Capital India, Elevation Capital, and Matrix Partners India. 

Unnati, an agritech startup, raised Rs 60 crore Incofin Investment Management, NabVentures, and Orios.

Troo Good, a millet-based food maker, raised Rs 55 crore from OAKS Asset Management.

EV battery swapping network Battery Smart raised $7 million from a clutch of investors of Blume Ventures and Orios Ventures.

HR tech startup Advantage Club raised nearly $5 million from Y Combinator, Jetty Ventures, Earlsfield Capital, SMC Advisors, and others.

NFT startup Lysto raised $3 million from BEENEXT, Better Capital, Cloud Capital, and others.

EV charging platform ElectricPe raised $3 million led by Blume Ventures and Micelio Fund. 

Xpand, a tech startup, raised $1.5 million from angel investors.

Stratzy, a investment advisory platform, raised $800,000 from Leo Capital, Titan Capital, and First Cheque.

Cora Health, a health food marketplace, raised Rs 4.6 crore from Indian Angel Network (IAN).

CapGrid, a B2B commerce startup, raised $550,000 from Anicut Angel Fund, Axilor Ventures, and First Cheque.

Prodo, a B2B ecommerce startup, raise Rs 3 crore led by LetsVenture and Titan Capital.

SaaS startup CloudFiles raised Rs 2.36 crore led by Titan Capital.

Biofuel marketplace startup Buyofuel raised Rs 1.6 crore led by Inflection Point Ventures.

Fintech startup TRDR raised $150,000 from angel investors.

Saint-Gobain acquired an undisclosed minority stake in home interiors startup Livspace.

M&A

Neokred, a fintech startup, acquihired PeSeva Technologies, a buy-now pay-later (BNPL) solutions provider.

EV startup eBikeGo acquired tech firm Kustard Technologies for $2 million.

Tech startup CleverTap acquired Patch for an undisclosed value.

Exotel, a cloud based communication startup acquired Cogno AI.