Indian startup fraternity led by 40 companies raised funds this week. While Oyo raised the highest funding of about $660 million, a total of 28 received a total sum of about $1010 million or $1.01 billion.
Other big shakers in the pack include Delhivery and Ola Electric, which raised $100 million each. Also, funding for 12 of the total funded startups remained undisclosed. The week also witnessed IPO decision of India’s largest fintech startup Paytm.
Funding details
Delhivery: IPO-bound logistics and supply chain services startup Delhivery has raised $100 million in equity from FedEx Express, a subsidiary of the global logistics giant FedEx Corporation, and the two companies will enter into a long-term commercial agreement following the transaction.
Ola Electric: Ola Electric has raised $100 million in long term debt from Bank of Baroda in what appears to be the largest long-term debt financing agreement in the Indian EV industry.
Oyo: Hospitality firm Oyo has announced that it has raised a Term Loan B (TLB) funding of $660 million from global institutional investors.
Inshorts: News aggregator Inshorts, which also operates location-based social media platform Public, has secured $60 million in a funding round led by Vy Capital with participation from existing investors.
Pratilipi: Online storytelling platform Pratilipi has raised $48 million in its Series D round led by South Korean gaming giant, KRAFTON Inc.
Trell: Lifestyle video and commerce platform Trell has raised $45 million in a round from Mirae Asset, H&M Group and LB Investments. Existing investors along with KTB Network, Samsung Ventures, and Fosun RZ Capital have also participated in the Series B round.
Square Yards: Real estate startup Square Yards raised $25 million in growth financing from ADM Capital.
Credit Fair: Fintech startup Credit Fair has raised $15 million in an equity and debt seed round led by angel investors Anand Ladsariya and Alok Agarwal. Ladsariya and Agarwal are the CEOs of Everest Flavours and Striver Capital Advisors respectively.
Animall: Animall, a startup that connects cattle buyers and sellers, has raised Rs 102.62 crore or close to $14 million in its Series B funding round from new and existing investors.
Protonn: Digital solutions provider for freelancers, Protonn has raised $9 million in its seed round of funding led by Matrix Partners India, 021 Capital and Tanglin Venture Partners. Angel investors such as Binny Bansal, Kalyan Krishnamurthy and Kunal Shah have also participated.
OneCode: New-age affiliate and social commerce platform OneCode has raised $5 million in a funding round led by Sequoia India Capital’s Surge and Nexus Venture Partners. Aakrit Vaish, Amrish Rau, Anand Chandrasekaran, Arjun Vaidya, Ashish Dave and other angels also participated.
Aquaconnect: The fisheries focused startup, raised $4 million in a pre-Series A round led by Rebright Partners and Flourish Ventures.
Ati Motors: An all-electric autonomous industrial vehicle maker, raised $3.5 million from Blume Ventures and Exfinity Venture Partners.
Pankhuri: Pankhuri, a social community platform where women can network, learn, and shop online through live streaming, chat, and micro-courses, has raised $3.2 million in funding led by Sequoia India Capital’s Surge. India Quotient and Taurus Ventures have also participated.
Oliveboard: Edtech platform focused on competitive exams, Oliveboard has raised $3 million led by Indian Angel Network (IAN) Fund. Education Catalyst Fund (ECF) and Yukti Securities also participated.
Digantara: Spacetech startup Digantara raised $2.5 million as part of its seed funding round from Kalaari Capital.
Vah Vah!: A training platform for makeup and beauty courses, raised $1.85 million in a seed round led by Sequoia India’s Surge.
AdmitKard: University admissions startup AdmitKard has raised $1.35 million in its pre-Series A round of funding led by founders of edtech platforms such as Vedantu, upGrad, Unacademy, DoubtNut, Avanti. Pankaj Chaddah, Suhail Sameer, Dhruv Dhanraj Bahl, Vijay Arisetty and other investors have also participated.
Kredent: Financial education startup Kredent raised $1.35 million growth capital from Kotak Securities.
Bikry: Tech startup Bikry raised $1.3 million led by YCombinator along with a group of angel investors.
MedPay: API platform startup MedPay has raised $1.2 million in seed funding from UK-based Talent Investor Entrepreneur First (EF) and GrowX Ventures.
Aqgromalin: Agritech startup Aqgromalin raised $0.75 million in a seed round led by Zephyr Peacock India Growth fund.
EasyAspataal: Healthtech startup EasyAspataal raised $0.54 million in a seed round led by Venture Catalysts and angel investors.
Arcana Network: Blockchain startup Arcana Network raised $0.37 million in a seed round from a group of angel investors.
Little Leap: Edtech startup Little Leap raised $0.36 million in a seed round led by ah! Ventures. First Cheque VC, LetsVenture, and Good Capital VC also participated.
LetsDressUp: LDU (LetsDressUp) raised $0.3 million in a pre-Series A round from Titan Capital and other groups of investors.
BHyve: Workspace startup BHyve raised $0.3 million from JITO Angel Network, LetsVenture, and other angel investors.
Sapio Analytics: Data tech startup Sapio Analytics raised $0.15 million from the Parthiv Group of Companies.
Undisclosed / India related deals this week
UrbanKisaan, The Ayurveda Company, Slang Labs, SMOOR, Bookee, Indi Energy, Anveshan, Humus, Hesa, Burncal, EDGENeural.AI and NirogGyan did not disclose their financial details.
Flipkart: Flipkart said it has raised $3.6 billion at a valuation of $37.6 billion as the e-commerce giant prepares for public listing.
Netradyne: US and India-based artificial intelligence firm Netradyne, which focuses on driver and fleet safety, has raised $150 million as part of its Series C funding round led by SoftBank Vision Fund.
