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[Funding Galore] From Swiggy To Ola Electric— Over $1.9 Bn Raised By Indian Startups This Week

By Debarghya Sil
[Funding Galore] From Swiggy To Ola Electric— Over $1.9 Bn Raised By Indian Startups This Week
Infocus
Funding Galore

Every week, more than a dozen startup secure funding and many get acquired. In this weekly series, we bring the latest deals from the Indian startup ecosystem consolidated at a single page.

After two consecutive weeks of raising funds lower than the $1 Bn mark, the Indian startup ecosystem has managed to raise $1.9 Bn in total funding in the last week of January across 67 deals. This is also a 275% rise from $519 Mn across 50 deals the ecosystem raised a week back.

The week also saw the rise of well-anticipated DealShare turning into a unicorn after closing $165 Mn funding led by Tiger Global at $1.62 Bn valuation.

The week’s highest funding was received by food delivery aggregator Swiggy, receiving a cheque of $700 Mn, that helped the Bengaluru-based startup and a rival to the listed Zomato valuation soar to over $10 Bn. 

The Indian Startup Funding Deals Of The Week

 

Updates On Indian Startup IPOs

D2C Headphone Maker boAt Filed INR 2,000 Cr DRHP

Delhi-based headphone maker boAt which is operated by Imagine Marketing Limited has filed INR 2,000 Cr DRHP with the market regulator SEBI. As per the documents reviewed by Inc42, the D2C brand’s offer consists of INR 900 Cr of fresh issue of shares, and upto INR 1,100 Cr for offer-for-sale. 

As per the DRHP documents, founders Aman Gupta, and Sameer Mehta will be offloading shares upto INR 150 Cr both. Among investors, South Lake Investment LTD will be offloading upto INR 800 Cr during the IPO. 

OYO Received In-Principle Listing Approval From NSE & BSE

Hospitality unicorn OYO has received in-principal approval for its INR 8,430 Cr IPO from BSE and NSE. According to the documents reviewed and under possession of Inc42,  OYO has received a nod for listing on both BSE and NSE.

Square Yards’ Promoters, Management To Hold 55% Stake, Early Backer Likely To Exit

Inc42 earlier this week exclusively reported that proptech startup Square Yards which is heading for a domestic IPO will see its promoters, management hold 55% stake post the public listing. The startup which is heading for an IPO between April and May, is likely to see its early backer Reliance Capital exit. 

Infurnia Technologies To File INR 40 Cr IPO On BSE Startup Platform

Cloud-based architectural design software startup Infurnia Technologies is planning to raise INR 40 Cr in an initial public offering (IPO) on the BSE Startup Platform. 

From The Startup Acquisition Desk

Startup Funds This Week

Other Developments From The Indian Startup Ecosystem

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