We decided to cover deals that are close to INR 10 cr in value going forward, and only cover the volumes across subsectors, locations, and company stages for smaller deals. On average, we have at least 10-15 deals every week that is 10 cr or higher in value, and typically include a couple of mega unicorn deals. While the unlisted private market is huge, it has become impossible to cover every deal primarily due to volumes. In any case, our platform still holds all the deal information for users to deep dive into with multiples, valuations, investors, and other details.
Unicorn deals
Jumping to last week’s deals, we had the largest deal in BYJUs where they raised an INR 6112 cr round from Sumeru Ventures, Vitruvian Partners, and BlackRock at an estimated valuation of $22 billion, making it the most valued startup from India. Co-Founder Raveendran is also investing $400 million, tapping into domestic and foreign banks for the debt.
The next closest edutech deal in the week was Class plus which raised 474 cr from Alpha Wave, and Tiger Global.
Fintech deals
- The CredAvenue turns a unicorn that raised 1439 cr From Insight Partners, B Capital, Dragoneer Investment Group, and existing investors.
- Money View operated by Whizdm Innovations raised 576 cr from Dubai-based Winter Capital and Evolvence along with existing investors Tiger and Accel to power its scaling of the credit business.
- Chennai-based CredoPay raised 38 cr from EzSwype LLC and Zent International Limited for its product development and marketing. CredoPay offers SaaS solutions across the payment processing lifecycle.
Food deals
- Captain Fresh competes directly with Licious and FreshtoHome in the meat business, raising 385 cr in a Series C round. The speed of funding and increase in valuation in this subsector is astounding.
- On the veggies side of things, Otipy an agri-tech startup that sells fresh vegetables and fruits raised 235 cr from Westbridge and existing investors SIG and Omidyar, to up its supply chain and network.
Click here to read more about Unicorn Licious Now has More Firepower
Other deals
- Social commerce startup CityMall which runs a WhatsApp-based e-commerce platform raised 574 cr from Norwest with existing investors participating. The age-old Ferns N Petals foraying into tech and D2C gifting has raised a 200 cr round from Lighthouse.
- Radio is alive and well, as Kuku FM raised 148 cr from existing investors 3one4 Capital, Shunwei Capital, Vertex Ventures, and India Quotient.
- B2B logistics platform Oorjaa raised 9 cr from Inflection Point ventures and HNIs for tech development, expansion and other working capital needs.
- Gamerji raised 8.4 cr from Unicorn India ventures and other existing investors to enhance its social features and expand to other geographies.
