Weekly Roundup Venture Capital Investments Into Indian Startups This Week.

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Indian start-up ecosystem has witnessed a spike in numbers of investments when compared to the previous week, as they continue seeking funding from Indian as well as overseas investors.

2022 starts with a very positive note for Indian startups, as the first week of January has witnessed a great amount of funding from big enterprises. This week’s highlight was the unionisation of Mamaearth, the world’s fastest-growing personal care brand.

Mamaearth Turns Unicorn, Raises $ 52M Led By Sequoia At 1.2B Valuation

The round witnessed participation by Sofina Ventures SA, the Belgium-based investment company, and Evolvence, a UAE based India focused fund. The round also gave employees an opportunity to monetize their vested ESOP.

Avataar Raises $45M In Series B Funding 

Avataar today announced a $45 million Series B funding round led by Tiger Global with co-participation from existing investor Sequoia Capital India. The financing is one of the largest fundraising rounds in the Applied 3D/AR space. 

Unbox Robotics Raises $7M In Series-A 

Unbox Robotics raised $7 million in a Series-A round led by 3one4 Capital with participation from Sixth Sense Ventures and Redstart Labs (Info Edge). The round also saw participation from Unbox Robotics’ founders Pramod Ghadge, Shahid Memon and its CPO Rohit Pitale, alongside its existing investors US-based venture capital firm SOSV, Arali Ventures, WEH Ventures, BEENEXT, Karthik Bhat’s Force Ventures, Dr Vijay Kedia (Kedia Securities), Aditya Singh (Stride Ventures) and Pavitar Singh (Sprinklr). Other investors who participated in the round include Rahul Chaudhary (Treebo Hotels), Nikhil Vora and Kathan Shah (Sixth Sense Ventures), and Veda VC.

Zuddl Raises $13.35M In Series A 

Zuddl, the all-in-one platform for virtual and hybrid events, today announced it has closed $13.35 mn in Series A funding, led by Alpha Wave Incubation (AWI), which is backed by DisruptAD, ADQ’s venture platform, and managed by Falcon Edge Capital, and Qualcomm Ventures LLC. The round also saw participation from existing investors GrowX and Waveform Ventures. The fund raised will be used to accelerate product development and scale globally, with a particular focus on the US market. 

FincFriends Private Limited Raises $1M In Debt 

FincFriends Pvt.Ltd Is NBFC has raised $1 Mn in debt funding from a leading lending NBFC firm – Eclear Leasing & Finance Pvt. Ltd. The company aims to use the debt sanctioned by lenders in tranches for business expansion, growth and effective cashflows.FincFriends has its own App and lending Platform RupeeRedee which is used for lending to customers. 

Dunzo Raises $240M In Latest Round Of Funding 

Dunzo has raised US$240M in its latest round of funding. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Light rock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own a 25.8% stake on a fully diluted basis. 

B2B Payments Fintech Rupifi Raises $25M Series-A 

Rupifi, India’s 1st Embedded Finance company which operates in the B2B Payments space through its B2B Buy Now Pay Later (BNPL) and SME focused Commercial Card products, has raised $25M Series-A round led by Bessemer Venture Partners and Tiger Global. Existing Investors Quona Capital and Ankur Capital also participated in this round, along with Better Capital. Founded in 2020 by Anubhav Jain, Ankit Singh and Jawaid Iqbal, this is Rupifi’s second investment round within a span of 9 months, since its Pre-Series A in March 2021.

Bambrew Green Tech Sustainable Packaging Startup Bags $2.35M In Pre-Series A 

Bambrew, India’s largest one-stop innovative solution provider of sustainable packaging as an alternate to Single-Use Plastic, has raised pre-Series-A funding of $2.35 Million led by Blue Ashva Capital and Supack Industries. The round also saw participation from Mumbai Angels and notable angel investors.

Campus 365 Has Raised Rs 21.5M 

Educational technology start-up Campus 365 has raised INR 21.5 million in seed funding, led by Angle Investors based out of Bangalore, making them the first Ed-Tech company to raise funds in 2022. The latest round of funding will be used by the company to accelerate the development and rollout of new product offerings, increase its school network in Tier II and III cities, hire talent across domains, and make strategic acquisitions.

Fintech NBFC LivFin Raises $2M From Venture Debt Player Blacksoil

Delhi-based LivFin India Private Limited has raised $2Mn venture debt from BlackSoil, a leading NBFC & noteworthy player in the credit space. Livfin, operational since January 2018, the Delhi-based fintech NBFC provides supply chain finance to mid-to-large corporates by setting up programs to lend to their suppliers/vendors and distributors/dealers/retailers through an ‘Anchor’-based financing model.

Fractal Announces $360M Investment From TPG 

TPG, a leading global alternative asset firm, and Fractal (fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced that they have signed a definitive investment agreement. TPG is investing US$ 360 million (about INR 2700 crores) in Fractal through TPG Capital Asia, the firm’s Asia-focused private equity platform, in a transaction that includes a combination of primary investment and secondary share purchase from Funds advised by Apax, who will remain a major shareholder following the transaction. The transaction is expected to close by the first quarter of 2022. Additional terms were not disclosed.

Social Live Streaming Platform Bolo Live Raises $2.4M 

On the mission to build the largest social live-streaming platform out of India, Bolo Live today announced that it has raised USD 2.4 million as a precursor to Series A, led by Orios Venture Partners. SOSV, Tremis Capital, LPA Ventures, and other HNIs also participated in its first VC round including existing investors Eagle 10 Ventures. This takes the total raised by the company to USD 3.5 million to date. 

D2C Innerwear Brand Freecultr Raises $5M In Series A 

D2C premium innerwear, loungewear, and activewear brand FREECULTR on Wednesday announced that it has raised $5 million in a Series A round led by Sixth Sense Ventures through their Sixth Sense India Opportunities Fund. The company said it will deploy the funding primarily for team expansion specialised in consumer outreach, deeper brand building, and product and category expansion.

Bombay Shaving Company Raises Rs 160 Cr In Series C

India’s leading hair removal brand, Bombay Shaving Company (BSC) has raised INR 160 Cr in a round led by Malabar Investments, a hedge fund based in India. The round also saw participation from Patni Advisors, Singularity AMC, and other HNIs. ESOP sales for some of its employees and exits for early investors to the tune of INR 45 Cr was another feature of this round. The round comes 11 months after the company raised INR 45 Cr from Reckitt, a global FMCG giant in the health, hygiene, and nutrition space. The company is uniquely capitalized with two global, strategic giants–Colgate Palmolive and Reckitt on their cap table. 

Pictory Raises $2.1M Seed Financing Led By FUSE 

Pictory Corp., an AI-powered video solution that empowers content creators and marketers to edit and produce videos automatically and at scale, today announced a $2.1 million seed round led by FUSE alongside participation from Voyager Capital. Also participating in the round are prominent Seattle angel investors Bill Bryant, Omri Bahat, Bharat Shyam, among others. This investment, Pictory’s first external financing, will help the company aggressively expand its sales and marketing efforts as well as accelerate product development. 

Good Glamm Group Invested Rs 200 Cr Seed Capital In The Good Creator Co.

India’s leading influencer management, marketing and analytics platforms Plixxo, MissMalini, Winkl and Vidooly have come together as the Good Creator Co, India’s largest creator ecosystem. This announcement also unveils the stealth mode acquisitions of Winkl and Vidooly by the Good Glamm Group. They both have now spun off as part of the Good Creator Co. 

Geniemode Raises $7M In Series A  

Geniemode, a B2B (business-to-business) cross-border e-commerce company, has raised $7 million in a Series A funding round led by Info Edge ventures. The startup allows catalogue creation and discovery, enabling access to the right suppliers.  Geniemode will use the fresh capital to scale its tech platform, expand geographically, increase its design capability and expand buyers and vendors base on the platform, according to a statement.

Living Food’ Raises $7.5M Series A Investment 

Living Food, India’s fastest-growing 1P platform focused on fresh food, announced today the closing of a US$7.5 million Series A fundraises led by Amasia, a thesis-driven global venture capital firm investing in sustainability via behaviour change. Other participating investors included SOSV, Blume Founders Fund, and notable angel investors, including Xander Group founder Sid Yog and Nexus Venture Partners co-founder Sandeep Singhal. 

State Bank Of India To Invest $20M In Pine Labs 

Leading merchant commerce platform, Pine Labs today announced a new investment of US $20M from India’s largest commercial bank, the State Bank of India (SBI). Earlier in 2021, Pine Labs had raised a total round size of US $600M from a marquee set of new investors and followed it up with a US $100M fundraise from US-based Invesco Developing Markets Fund. In addition to augmenting its merchant commerce offerings at the offline point-of-sale, Pine Labs is now looking to invest in scaling Plural, its newly launched brand of online payment products and emerge as an omnichannel partner of choice for merchants.

Indian Digital Lender CASHe Raises Rs 140 Cr

CASHe announced that it has closed 140 crores of equity funding from its Singapore-based holding company TSLC Pte Ltd. The latest round of capital infusion strengthens the Mumbai headquartered fintech company’s balance sheet size to over Rs. 800 Cr. which constitutes about Rs. 300 Cr in equity and over Rs. 500 Cr. raised through debt from a well-diversified pool of leading private banks and reputed NBFCs.

Moneyboxx Finance Raises Rs 14.41 Cr 

Moneyboxx Finance Limited (Moneyboxx), a BSE-listed Non-Banking Finance Company that provides small-ticket loans to micro and small enterprises in Tier-III towns & below places, raised Equity Capital of INR 14.41 crores by way of private placement from non-promoter investors. 

Exotel Raises $40M In Series D Funding

Bengaluru-based full stack customer engagement platform Exotel has raised $40 million in its series D funding round led by Steadview Capital. Exotel has in total, raised approximately $100 million in the last 15 months across multiple debt and equity rounds. 

B2B Manufacturing Start-Up Groyyo Raises $4.6M 

Mumbai based start-up Groyyo, a B2B Manufacturing and Automation company today announced it has raised $4.6 million in a seed round of funding led by Alpha Wave Incubation (AWI), which is backed by DisruptAD, ADQ’s venture platform, and managed by Falcon Edge Capital.