Funding and acquisitions in Indian startups this week [01 Nov- 06 Nov]

This week 11 Indian startups raised funding, of which 9 received a total of $109 million. Zepto raised the highest funding of about $50 million, followed by Faze Technologies which raised $17.4 million.

Meanwhile, funding of two of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Growth/late-stage deals

This week there was no investment in any growth or late-stage startup

Early-stage deals

Zepto: Quick commerce grocery delivery app Zepto has raised $60 million in a funding round led by US -based investment fund Glade Brook Capital, at a post-money valuation of $225 million.

Faze Technologies: Faze Technologies, a startup that builds fun consumer experiences on top of public blockchains, has raised $17.4 million in a seed funding round led by Tiger Global Management.

Multiplier: Professional employment organisation platform Multiplier has raised $13.2 million as part of its Series A funding round led by Sequoia Capital India.


Dogsee Chew: Bengaluru-based natural pet food brand Dogsee Chew on Wednesday said it raised $7 million in a pre-Series A round from Sixth Sense Ventures. 

TTSF Cloud One: Internet-first multi-brand cloud kitchen TTSF Cloud One has raised $5.3 million in a seed funding round led by Brand Capital.

Ruptok: Ruptok, a fintech platform for gold loans, has raised Rs 16 crore or $2.1 million worth of capital in its pre-Series A funding round from existing and new investors, including Manuvel Malabar Jewellers, and industry veterans and HNIs Nivedan Sahay and Neeraj Aggarwala.

VilCart: Nabventures Fund, a venture capital fund started by the National Bank for Agriculture and Rural Development (NABARD) has led a Rs 15 crore or $2 million funding round for rural-economy focused technology platform VilCart Solutions.

Kiko Live: Video-based social commerce startup Kiko Live has raised $1 million pre-Series A funding. The round saw participation from SOSV, a global VC firm which led the round, GSF Accelerator, and Venture Catalysts, India’s leading angel network.

The Hosteller: The Hosteller, a backpacker hostel chains startup, has raised $1 million in its pre-Series A round led by FAO Ventures and CA Holding LLP. SUNiCON Ventures, Shubhkam Ventures, Jito Angel network and FAAD Network have also participated.

Undisclosed deals

SatSure and TurboHire did not disclose their financial details.

Acquisitions this week

Wealth-tech platform Fintso has acquired SaaS firm WealthMagic.

Coinbase, the cryptocurrency exchange giant from the US, has acquired Agara, an AI-powered support platform with operations in India and the US.

GlobalBees, a Thrasio-like platform for direct-to-consumer (D2C) brands to grow their business online, has acquired two more new-age companies: Yellow Chimes and Absorbia.

Edtech unicorn Unacademy has acquired online learning platform Swiflearn for an undisclosed amount.

Create Music Group has acquired Nirvana Digital as a part of its $50 million investment in India.

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