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Funding Galore: Indian Startup Funding Of The Week [ July 1 – July 6 ]
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 ]
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 1 Jul 2024 | Purplle | Ecommerce | D2C | B2C | $120 Mn | – | ADIA | ADIA |
| 3 Jul 2024 | Matter | Cleantech | Electric Vehicle | B2C | $25 Mn | Series B | Helena, Japan Airlines & Translink Innovation Fund, Capital 2B, SB Invest | Helena |
| 2 Jul 2024 | Watch Your Health | Healthtech | Healthcare SaaS | B2B | $5 Mn | Series A | Cornerstone Ventures, Conquest Global | – |
| 3 Jul 2024 | Dice | Fintech | Fintech SaaS | B2B | $5 Mn | – | Dallas Venture Capital, GVFL | Dallas Venture Capital |
| 2 Jul 2024 | Comet | Ecommerce | B2C Ecommerce | B2C | $5 Mn | Series A | Elevation Capital, Nexus Venture Partners | – |
| 1 Jul 2024 | Pepul | Media & Entertainment | Social Media & Chat | B2C | $4 Mn | pre-Series A | – | – |
| 3 Jul 2024 | Bike Bazaar | Ecommerce | B2C Ecommerce | B2C | $3 Mn | – | MAS Financial | MAS Financial |
| 1 Jul 2024 | Wify | Consumer Services | Hyperlocal Services | B2C | $3 Mn | pre-Series A | Mount Judi Ventures, Capria Ventures | Mount Judi Ventures, Capria Ventures |
| 5 Jul 2024 | Lobb | Logistics | Freight | B2B | $2.9 Mn | pre-Series A | Rajesh Voddiraju, Sharada Nandakumar, Shyama Raju | – |
| 2 Jul 2024 | Fabriclore | Ecommerce | B2B Ecommerce | B2B | $1.6 Mn | Seed | PeerCapital, Regal Group, Fluid Ventures, Matrix Partners India, DeVC, Bulleon Ventures | PeerCapital, Regal Group |
| 1 Jul 2024 | Cautio | Healthtech | Healthcare SaaS | B2B | $778K | pre-Seed | Antler, 8i Ventures, AU Small Finance Bank, Rahul Mathur, Shan MS, Pranjal Kalra | Antler, 8i Ventures, AU Small Finance Bank |
| 3 Jul 2024 | EleFant | Media & Entertainment | Digital Media | B2C | $750K | Seed | Venture Catalysts, Malpani Ventures, Dr. Sudhakar Pai, Jyothi Pradhan, Agre Global FZE, Growth Sense, IVY Growth, Serious One Capital, Jignesh Mehta | Venture Catalysts, Malpani Ventures |
| 3 Jul 2024 | flutrr | Media & Entertainment | Social Media & Chat | B2C | – | – | Huma Qureshi | Huma Qureshi |
| 2 Jul 2024 | Supply6 | Ecommerce | D2C | B2C | – | – | AB de Villiers | AB de Villiers |
| 1 Jul 2024 | Pivot Robots | Deeptech | Robotics Process Automation (RPA) | B2B | – | – | NuVentures | NuVentures |
| 3 Jul 2024 | Hoop | Ecommerce | D2C | B2C | – | – | PV Sindhu | PV 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.
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.
