The third week of February noticed a unicorn and a quick-rising soonicorn hogging the limelight for funding, regardless of a decline in the general quantum of funds raised by Indian startups.

In the week between February 17 and 21, the overall funds raised by Indian startups stood at $254.56 million in fairness unfold throughout 12 offers. However, the overall funding raised was down by 20 % as in comparison with the earlier week which noticed the overall quantity raised at $318 million.

This week, foodtech unicorn Swiggy raised $113 million, whereas Unacademy raised $110 million. The debt funding through the week was $11 million which was raised by hyperlocal supply startup Dunzo from Alteria Capital.

Weekly funding roundup

Late-stage funding dominated the overall quantity raised at $223 million, adopted by progress-stage funding at $19 million, and early-stage funding at $12.56 million.

Top offers

Bengaluru-based foodtech unicorn Swiggy raised $113 million funding as a part of its Series I spherical led by Prosus N.V. The spherical additionally noticed participation from Meituan Dianping and Wellington Management Company. Swiggy mentioned that will probably be utilizing these funds to develop its new traces of enterprise, with a deal with Stores, Go, and SuprDaily.

Bengaluru-based edtech startup Unacademy raised $110 million in Series E spherical of funding from new traders Facebook and General Atlantic, together with Sequoia India. The spherical additionally noticed participation from current traders equivalent to Nexus Venture Partners, Steadview Capital, Blume Ventures, Kalyan Krishnamurthy, CEO of Flipkart, and Sujeet Kumar, Co-founder of Udaan.

Other offers

Mumbai-based Onsitego raised $19 million in Series B spherical led by Zodius Growth Fund, together with participation from current investor Accel Partners.

Gurugram-based proptech startup, Zvesta raised $5.5 million in Series A spherical from Hindustan Media Ventures Limited. The startup mentioned it’s going to utilise the capital to construct its model and collaborative advertising and marketing for actual property aggregation throughout the nation.

B2B ecommerce platform for kirana shops MaxWholesale raised $three million as a part of its Series A spherical led by IAN Fund-I and Abu Dhabi-based personal household workplace Al Falaj Investment Company (AFI). Existing investor Maple Capital additionally participated in this spherical together with Info Edge’s former-CFO Ambarish Raghuvanshi, Maple Capital’s Abhinav Grover, and Biba Group’s Siddharth Bindra, amongst others.

Prayaan Capital Private Limited, a South India-based NBFC that lends to micro, small, and medium-sized enterprises (MSMEs) in India, introduced the closure of a $1.2 million seed investment spherical led by Accion Venture Lab, Accion’s seed-stage inclusive fintech investment initiative.

New Delhi-based female hygiene model Sanfe raised Rs eight crore in Pre-Series A funding from SucSEED Venture Partners, Titan Capital (a VC-arm run by Snapdeal founders Rohit Bansal and Kunal Bahl), BIRAC, Elixir Pharma, and a gaggle of traders.

Foodtech startup GO DESi raised Rs four.5 crore from Delhi-based Rukam Capital, which invests in early-stage client services and products corporations. Other traders who participated in the spherical embrace AngelRecord and Upaya Social Ventures.

Gurugram-based edtech startup PlanetSpark raised a comply with-on Pre-Series A spherical of Rs three.2 crore from Indian Angel Network, Lead Angels, and Hyderabad Angels. Existing seed investor and one in every of India’s largest teaching manufacturers, FIITJEE Limited, additionally participated in this spherical.

Avalon Meta, a startup that mixes increased schooling and aggressive gaming, raised $420,000 led by Peerplays, a Blockchain-based gaming firm, in a strategic capability together with Purvi Capital, a Chicago-based VC agency, and Abhinav Chhikara, the former Head of Design of edtech big Unacademy.

Genius Corner, a Noida-based edtech startup, raised $250,000 from Singapore-based particular person traders together with Mahesh Mohta, Jyoti Arora, Nachu Subramanian, and Srivats. The startup mentioned the funding shall be utilised to on-board further 30,000 college students on the platform.

SmartVizX, the creator of India’s first Virtual Reality-based product Trezi, acquired recent funding from new and current traders. The new spherical was led by Rockstud Capital Investment Fund and noticed participation from current traders IAN Fund and YourNest Venture Capital.

London-headquartered and IIT Kharagpur-incubated cleantech startup Carbon Clean Solutions Limited (CCSL), which additionally has places of work in India and the US, introduced the completion of an fairness investment of $16 million from three world traders – WAVE Equity Partners, Chevron Technology Ventures, and Marubeni Corporation. 

SaaS startup, Whatfix, raised $32 million in Series C funding spherical led by Sequoia Capital India.

Content creation software program maker InVideo raised $2.5 million in a spherical led by Sequoia Capital’s early-stage accelerator programme Surge.

Exits

One of the largest exits this week was of the style ecommerce startup Voonik, which has merged its B2B enterprise and expertise platform with Bangladesh-based social commerce platform ShopUp.

Gurugram-based PreLiked Device introduced​ ​the acquisition of a Delhi-based Overcart in a money-and-inventory deal. 

TVS Group’s vehicle options division has acquired Mumbai-based vehicle after-gross sales companies startup CarCrew.

Shriram Automall India Limited (SAMIL) mentioned that it has acquired New-Delhi based mostly on-line automobile promoting portal BlueJack at an undisclosed quantity.

(Edited by Suman Singh)