Venture capital funding for Indian startups remained limited due to the festivities in the first week of November. In total, 10 startups raised around $ 121 million, with the Zepto and Neobank Fi grocery delivery app sharing most of the total investment. Besides venture capital funding, prominent names in the startup ecosystem – Nykaa, Paytm, Fino Payments Bank and Policybazaar – lined up IPOs in the first week of the month.
Here’s a quick recap of all of this week’s key offers (November 01 – November 05)
Zepto has raised $ 60 million in seed funding from investors such as Glade Brook, Nexus, Lachy Groom, Y Combinator and Global Founders Capital.
Neobank Fi raised $ 50 million in its last fundraising round for a valuation of $ 315 million.
Pet food brand Dogsee Chew bagged $ 7 million from Sixth Sense Ventures.
Social commerce startup Kiko Live has raised $ 1 million led by SOSV.
Backpacker hostel chain The Hosteller has raised US $ 1 million through companies from FAO and CA Holding LLP.
Nabventures Fund, a venture capital fund launched by the National Bank for Agriculture and Rural Development (Nabard), led a 15 crore rupee funding round for the rural economy-focused technology platform Vilcart Solutions.
Ruptok, a fintech platform for gold lending, raised Rs 16 crore from Manuvel Malabar Jewelers and HNI.
Wallmantra, the D2C startup, has raised an undisclosed amount of funding from Velocity.in – India’s largest income-based funder.
Coinbase, one of the world’s largest cryptocurrency exchanges, has announced its first startup acquisition in India.
Unacademy announced on Wednesday that it has acquired Swiflearn, an online platform offering face-to-face online courses for CBSE and ICSE students.
The American company Create Music Group announced on Wednesday that it has acquired Nirvana Digital, one of the largest YouTube Enterprise partners in India.