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…
Read moreI wrote a paper during the delta wave covering talent issues that many startups were and are still facing in India. This paper appeared as part of a special issue in the International Journal of Global Business and Competitiveness volume 17, pages 64–72 (2022). The main issue that I tackled using data from privatecircle.co is…
Read moreThe week clearly belonged to financial services with 11 fintech deals out of the 48 we had recorded in PrivateCircle.co. Before we get to that busy sector, let us briefly look at more than 100 cr deals this week. Mega deals The largest deal of the week was Reliance’s 1670 cr investment into Sanmina JV…
Read moreAfter a blockbuster last week, this week 5 of 2022 was a little tempered in deal activity. The week belonged to M&As in tech, which we will cover first before getting to other deals. M&As in Tech There were in total 6 M&A deals of which 3 were in the internet/tech space. The largest of…
Read moreIt was a heavy week from a value perspective with Swiggy turning decacorn. We had only 50 deals captured on our platform, the aggregate value of deals was well over 13000 cr. Swiggy, Ola Electric deals, and new Unicorns Swiggy turns decacorn with a 5218 cr Series K round led by Invesco, in the process…
Read moreQuick Background It was a phenomenal 2021 in funding and growth among unlisted companies across subsectors in India. The high number of unicorn births and the unforeseen amount of funding for them has some side effects. These effects include industry concentration that can distort the markets. With some of these even being discussed in the…
Read moreAs usual, we will cover the unicorns and the mega deals first. And the next unicorn is Lead School became the third unicorn for the year, with a 740 cr funding from WestBridge and GSV at a valuation of 8135 cr. Mega deals this week WayCool raised a 870 cr series D round including a…
Read moreOfBusiness and Bizongo Raw material sourcing startup ofbusiness made big news this week with a 3540 cr fundraise from several investors including Falcon Edge chipping in Rs 1,332cr, followed by Tiger Global with Rs 761cr, and lastly, SoftBank with Rs 380cr. The rest is secondary. On similar lines, but only focused on packaging, Bizongo raised…
Read moreMega Deals The largest of the deal this week was Shiprocket raising 1400cr from Zomato, Temasek, Lightrock, and others valuing it at 7186cr. Whether it will become a unicorn before the end of the year or not is the question. CureFit raised 1088cr from Temasek, South Park Commons, Zomato, and others at a 11700cr valuation….
Read moreTiger deals this week The unicorn stories for 2021 is not yet over, this week we saw 3 more joining in the party. First is Upstox raising 185cr from Tiger at a valuation of 25330cr joining the likes of Zerodha in the year of unprecedented new investors coming into the market. Second was Spinny with…
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