Indian startups fared better in raising funds in the second week of June after two consecutive weeks. Between June 12 and June 17, Indian startups have collectively raised $190 Mn across 21 deals. This is a 44% jump from $132 Mn funding raised by Indian startups last week across 19 deals.
However, this week’s funding is 9% lower than $209 Mn raised by Indian startups collectively between May 29 and June 3 across 13 deals.
Key Startup Funding Deals Of This Week
- Continuing its fundraising spree, eyewear unicorn Lenskart now secured $100 Mn investment from ChrysCapital, thus taking its total capital infusion to nearly $850 Mn within the past one year
- Ecommerce sector secured the top position with raising $110 Mn funding across five deals
- Early-stage startups funding dropped to $6.7 Mn this week as compared to an exceptionally high $18.6 Mn raised in the previous week
- NABVENTURES and Rainmatter Health were the busiest investors this week as they participated in two deals each.
Startup Acquisitions Of This Week
- Tiger Global-backed SaaS startup UrbanPiper acquired Ordermark’s US business for an undisclosed amount
- Marketing startup Wondrlab acquired a majority stake in a Salesforce consulting and data analytics platform – Cymetrix
- Adani Enterprises’ wholly-owned subsidiary Adani Digital Labs signed an agreement to acquire railway ticketing startup Trainman.
Other Major Developments From This Week
- Lee Fixel’s VC firm Addition, which invested in Delhivery, plans to raise $1.5 Bn as part of its new fund
- Bengaluru-based CaHa Capital launched a climate tech and climate finance-focussed venture studio, VAIA Climate Studio and plans to raise a maiden fund of $25 Mn for it
- South Korea Mirae Global has infused INR 1,240 Cr into its Indian arm, Mirae Asset Capital Markets to scale its brokerage platform m.Stock
- Proparco, a subsidiary of Agence Française de Développement Group, has invested $35 Mn in private equity (PE) firm Quadria Capital.