Weekly Startup Funding and Acquisitions Report [24 – 29 Jun]

1
Weekly Startup Funding and Acquisitions Report
24 29 Jun
2

• Introduction
• This week, 25 Indian startups raised around 211
  million in funding. These deals count 9
  growth-stage deals and 15 early-stage deals.
• Moreover, one growth-stage startup kept its
  transaction details undisclosed.

3
(No Transcript)
4

• Growth-stage deals
• This week, nine growth-stage startups raised
  150.84 million in funding.
• Edtech company upGrad led with 35 million,
  followed by Rocketlane (24M), Smartworks
  (20.24M), Rare Rabbit (18M), and Rupeek (15M).
  Doceree, Bluestone, Matter, and NovaVente also
  raised funds, while Celebal Technologies received
  an undisclosed amount.
• Early-stage deals
• Fifteen early-stage startups raised 60.13
  million this week.
• Zyod, a B2B apparel sourcing platform, led the
  list, followed by AI health startup
  Cloudphysician, D2C dairy brand Sids Farm,
  agri-tech firm Two Brothers Organic Farms, and
  fabless semiconductor startup Morphing Machines.
• Other notable fundraisers include CheQ, Nitro
  Commerce, and Neo San, a hazardous waste
  management platform.

5

• City and segment-wise deals
• In terms of the city-wise number of funding
  deals, Bengaluru-based startups led with 10 deals
  followed by Delhi-NCR, Jaipur, Mumbai, and
  Ahmedabad among others.
• Segment-wise, fintech startups grabbed the top
  spot with 4 deals. E-commerce, Manufacturing,
  Agritech, and Healthtech startups followed this
  list.

6
(No Transcript)
7

• Week-on-week funding trend
• On a weekly basis, startup funding slipped 76.73
  to 211 million as compared to around 906
  million raised during the previous week.
• The average funding in the last eight weeks
  stands at around 404 million with 28 deals per
  week.
• Merger and Acquisitions
• London-based private equity firm Finnest has
  acquired a majority stake of 53.75 in
  Bengaluru-based cloud kitchen startup, Kitchens_at_,
  making it a subsidiary of Finnest Holdings.
• Additionally, Nazara-backed Nodwin Gaming
  announced that its Singapore-based subsidiary
  will increase its stake in Berlin-based Freaks 4U
  to 100 through a share swap deal.
• Nodwins Singapore unit, currently holding
  13.51, will initially raise its stake to 57,
  with the remaining 43 to be swapped later.
• The total deal is valued at Rs 271 crore (32.6
  million).

8

• Conclusion
• This week, startups saw a significant 77 funding
  drop to 211 million.
• BizDateUp was the only new startup-focused fund
  launched.
• Goldman Sachs reports Zomato now leads the Indian
  food delivery market with a 56-57 share,
  outpacing Swiggy.
• Zomato is projected to grow at a 31 CAGR with
  higher profit margins.
• Flipkart launched super.money in the fintech
  market, offering real cashback and faster UPI
  payments, with plans for credit cards and loans.
• Indian tax authorities are investigating online
  gaming companies for cashback practices.
• Education lender Avanse Financial filed for a Rs
  3,500 crore IPO, reporting a Rs 342.4 crore net
  profit in FY24.
• If you want to get complete information related
  to this topic click HERE.