🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Funding and acquisitions in Indian startup this week [16 - 21 Sep]

EntrackrEntrackr · 9m ago
Funding and acquisitions in Indian startup this week [16 - 21 Sep]
Medial

During the week, 36 Indian startups raised around $628.24 million in funding. These deals count 14 growth-stage deals and 17 early-stage deals while 5 startups kept their transaction details undisclosed. Last week, 24 early and growth-stage startups cumulatively raised over $228 million in funding. [Growth-stage deals] Among the growth-stage deals, 14 startups raised $566.44 million in funding this week. Edtech startup Physics Wallah spearheaded with a $210 million funding round. SaaS-based digital adoption solution provider Whatfix raised $100 million followed by, API infrastructure platform M2P Fintech, omnichannel diagnostics service provider Redcliffe, digital infrastructure company iBUS, and mobility startup Everest Fleet with $50 million, $42 million, $34 million, and $30 million in funding, respectively. Swiggy continued to onboard big names under its investor list, including Madhuri Dixit, Ritesh Malik, and Moder Insulators in its pre-IPO funding. [Early-stage deals] Further, 17 early-stage startups secured funding worth $61.8 million during the week. Fintech startup Kaleidofin led the list followed by data intelligence platform e6data, luxury wellness clinic chain The Wellness Co (Rollins International), SaaS-enabled marketplace for metal manufacturers NowPurchase, and vacation home rentals platform ELIVAAS among others. As many as 5 startups that did not disclose the funding amount raised are; Venttup, Kaatil, Salt Oral Care, Ticket9, and TraqCheck. For more information, visit TheKredible. [City and segment-wise deals] In terms of the city-wise number of funding deals, Bengaluru-based startups led with 12 deals followed by Delhi-NCR, Mumbai, Chennai, Hyderabad, and more. Segment-wise, E-commerce, SaaS, and Fintech startups are on the top spot with 5 deals each. Healthtech, HRtech, Foodtech, Proptech, Edtech, and Telecom startups followed this list among others. [Series-wise deals] During the week, seed funding deals are on top, with 10 deals followed by 7 Series A, 5 Series B, 3 Series C, and more. [Week-on-week funding trend] On a weekly basis, startup funding surged 174.59% to $628.24 million as compared to around $228.79 million raised during the previous week. The average funding in the last eight weeks stands at around $393 million with 28 deals per week. [Fund launches] z21 Ventures announced the first close of its $40 million Fund II, with WestBridge Capital investing $20 million. Capital A launched its second fund, targeting a corpus of Rs 400 crore, focused on sectors such as manufacturing, deeptech, climate, and fintech. Shivalik Investment Fund secured 50% of its targeted corpus of Rs 150 crore for its inaugural fund, with plans to raise an additional Rs 150 crore. [Key hirings and departures] Bizongo reshuffled its management by onboarding Kiran Dev, Prahlad Krishnamurthi, Gaurav Singhania, and Amol Wanjari. While Amazon, Yum! Brands and ACT Fibernet hired Samir Kumar, Rohan Pewakar, and PVV Srinivas Rao, respectively. Meanwhile, Nine months after joining Ola Consumer (Ola Cabs) as global chief business officer (CBO), Sidharth Shakdher quit the firm. [Mergers and Acquisitions] As many as five acquisition deals happened this week. Fintech startup Veefin acquired a 26% stake in EpikIndifi, infra solutions provider Acru by Stockal, influencer marketing brand OPA by Wondrlab, and computer vision firm AJA Vision Technologies by Marsh Harrier. Oyo also marked one of its largest acquisitions by snapping up G6 Hospitality, which operates Motel 6 and Studio 6 brands. [Layoffs] Byju’s-owned Aakash Educational Services Limited (AESL) laid off 80 to 100 employees over the past couple of months. Several long-time employees, some with over 4 years of service, were also laid off in the past few weeks. Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights. [New launches and partnerships] MobiKwik’s Zaakpay partners Meta to offer in-app payments on WhatsApp GoMechanic gears up for EV workshop expansion [Potential Deals] Moglix to invest $50M in Credlix expansion to US, Mexico D2C brand Kapiva to raise ~$40 Mn funding Qure.ai eyes $60 Mn funding to expand operations [Financial results this week] Livspace revenue crosses Rs 1,200 Cr in FY24; losses shrink by 46% KrazyBee ProcMart GMV zooms 3X to Rs 621 Cr in FY24; profit slips 56% [News flash this week] MensXP looks to break free from Mensa Brands EY resigns as advisor to BYJU’S IRP amidst controversy: Report Quick Commerce players under CCI scrutiny PhonePe captures 50% of UPI market share by value in August Elara Capital sees a lower valuation for Swiggy compared to Zomato Infibeam entering UPI payments with a new app RediffPay Amazon selects 7 Indian startups for global accelerator program Ola Electric can achieve EBITDA breakeven by FY27: Goldman Sachs [Conclusion] The weekly funding jumped around 175% to $628.24 million this week. The week also saw three startup-focused fund launches namely Z21 Ventures, Capital A, and Shivalik Investment Fund. India Lifestyle Network (ILN), the parent company of MensXP, iDiva, and Hypp, is exploring a separation from its parent company, Mensa Brands. ILN founder Angad Bhatia is in talks with investors about acquiring Mensa’s stake and operating as an independent entity. The move is driven by differing growth priorities and Mensa’s inability to provide sufficient capital. Once separated, ILN plans to raise capital and expand its operations, including restarting its influencer-commerce business. The insolvency proceedings of BYJU’S have taken another turn with the resignation of EY as advisor to the IRP, Pankaj Srivastava. This news comes amidst growing controversy surrounding Srivastava, who has been facing legal challenges from multiple creditors of the company. The resignation of EY further complicates the situation and raises questions about the future of BYJU’s restructuring process. Elara Capital believes Swiggy will likely have a lower valuation than Zomato. This is primarily due to Zomato’s larger business size, faster growth rate, and stronger market position, particularly in the quick commerce segment. Zomato has also achieved profitability in certain segments, while Swiggy is still working towards that goal. Since its IPO, Zomato’s valuation has surged significantly, reaching a market capitalization of $28.55 billion. This suggests that investors have placed a higher premium on Zomato’s growth prospects and performance compared to Swiggy. PhonePe solidified its position as the leading UPI player in India, capturing over 50% of the market share in August. This growth is attributed to its user-friendly interface, extensive network, and innovative features. Infibeam Avenues Limited is taking a big leap into the competitive world of UPI payments. Their new app, RediffPay, aims to disrupt the market currently dominated by giants like PhonePe and Paytm. This move comes after Infibeam acquired a majority stake in Rediff.com, hinting at a bigger play in the consumer digital finance space. With RediffPay, Infibeam hopes to offer a comprehensive financial services platform, potentially including insurance, lending, and investment options. The All India Consumer Products Distributors Federation (AICPDF) has filed a complaint against quick commerce players like Blinkit, Zepto, and Instamart, alleging predatory pricing and deep discounting practices. The Department for Promotion of Industry and Internal Trade (DPIIT) has referred the complaint to the Competition Commission of India (CCI) for investigation. The CCI will now examine the practices of these quick commerce companies to determine if they violate competition laws.

Funding and acquisitions in Indian startup this week [02 - 07 Sep]

EntrackrEntrackr · 10m ago
Funding and acquisitions in Indian startup this week [02 - 07 Sep]
Medial

During the week, 26 Indian startups raised around $421.29 million in funding. These deals count 4 growth-stage deals and 16 early-stage deals while 6 startups kept their transaction details undisclosed. During the previous week, 31 early and growth-stage startups cumulatively raised $490.32 million in funding. [Growth-stage deals] Among the growth-stage deals, 4 startups raised $385.61 million in funding this week. Ride-hailing app Rapido spearheaded with a $200 million worth unicorn round. Cross-border trade fintech firm Drip Capital raised $113 million followed by D2C jewellery retailer Bluestone and food delivery and grocery platform Swiggy with $72 million and $0.61 million in funding, respectively. Two growth-stage startups that did not disclose the transaction details are Xolopak and Plan B. [Early-stage deals] Further, 16 early-stage startups secured funding worth $35.68 million during the week. Proptech startup Justo Realfintech led the list followed by D2C retail brand Nutrabay, a platform for booking hostel accommodations The Hosteller, chemical recycling and sustainability startup RecommerceX, and fabless semiconductor design startup BigEndian among others. As many as 4 startups that did not disclose the funding amount raised are; Nautical Wings Aerospace, ReCircle, 0xPPL, and Carrum. For more information, visit TheKredible. [City and segment-wise deals] In terms of the city-wise number of funding deals, Bengaluru-based startups led with 10 deals followed by Mumbai, Delhi-NCR, Chandigarh, Hyderabad, Pune, and Raisen. Segment-wise, E-commerce startups are on the top spot with 6 deals. Cleantech, Fintech, PropTech, SaaS, Automotive Tech, and Aviation startups followed this list among others. [Series-wise deals] During the week, Seed funding deals are on top with 11 deals followed by 5 Series A, 2 pre-Series A, 2 pre-Seed, and 1 Series E deal and more. [Week-on-week funding trend] On a weekly basis, startup funding slipped 14% to $421.29 million as compared to around $490.32 million raised during the previous week. The average funding in the last eight weeks stands at around $332.75 million with 27 deals per week. [Fund launches] VentureSoul Partners has successfully raised Rs 146.5 crore for its debut fund, targeting a total corpus of Rs 600 crore. Additionally, the Indian government has introduced a new fund called AgriSure, which is dedicated to supporting agritech startups with a financial commitment of Rs 750 crore. [Key hirings and departures] Mohit Rajani, formerly with Meta, has joined Meesho as a CPO. Freshworks onboarded former ServiceNow executive Murali Swaminathan as CTO, CoinDCX appointed Prashant Verma as chief growth and marketing officer, Wellbeing Nutrition onboarded Harleen Bhatti as the head of growth, and Nykaa (Kay Beauty) hired Sukhleen Aneja as SVP and Business Head. Meanwhile, Adda247’s Co-founder Chandan Singh and CaratLane’s MD and CEO Avnish Anand resigned from their respective companies. [Mergers and Acquisitions] Hearing care provider Hearzap has acquired Speech and Hearing Care to expand its market share in Bihar and Jharkhand, while Yatra has acquired Globe Travels to strengthen its position in the corporate travel sector and increase its customer base. [Layoffs] Airmeet, a virtual event startup, laid off around 80% (30 employees) of its tech team and some employees from its product and design teams. Dozee, a healthtech startup, also laid off around 40-50 employees from its on-field, customer success, sales, and marketing teams. Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights. [New launches and partnerships] Fampay launches UPI app Namaspay for foreign travelers in India Ola Electric to bring three-wheeler to market soon Zepto to launch Buy Now Pay Later service: Zepto Postpaid Mygate launches smart door locks; enters consumer electronics EaseMyTrip ventures into electric bus manufacturing Swiggy follows Zomato, pilots large order fleet in Delhi-NCR Infibeam Avenues launches CCAvenue SoundBox Max [Potential Deals] SarvaGram to raise $50 Mn from Peak XV, others B2B digital lending startup Mintifi in talks to raise $100 Mn Moneyview raising $30 Mn debt via private placement [Financial results this week] Starbucks India posts Rs 1,218 Cr revenue in FY24; losses surge 3.2X BigBasket’s revenue crosses Rs 10,000 Cr in FY24 Porter scales up 56% to Rs 2,734 Cr in FY24; losses dip 45% Swiggy reports Rs 11,247 Cr revenue in FY24; cuts losses by 44% [News flash this week] Mayhem at Arthmate after Vihaan Kumar’s arrest: COO resigns, employees exodus, and more GST Council may impose 18% GST on PAs for Small Transactions Byju’s auditor resigns over lack of transparency; founder cries foul CLSA raises Zomato price target to Rs 353 post Paytm deal Nykaa accuses former CEO Asthana of breach of confidentiality, misappropriation B2B unicorn OfBusiness eyes IPO in the second half of 2025 Coworking Space Provider IndiQube Plans IPO: Report Zepto eyes $450 Mn IPO by August 2025, initiates talks with bankers Ather Energy targets Rs 4,500 Cr IPO, to file DRHP next week: Report InMobi’s Roposo shifts to the social commerce model PharmEasy valuation slashed to $458 Mn by Janus Henderson Logistics firm Delhivery receives GST demand notice GST troubles continue for Zomato; receives another demand notice PayGlocal gets RBI payment aggregator license [Conclusion] The weekly funding shrank around 14% to $421.29 million this week. Meanwhile, two startup-focused funds launched this week namely AgriSure and VentureSoul Partners. Arthmate, a lending enabler, has been embroiled in a legal dispute with Gameskraft, leading to the arrest of its co-founder and former CEO, Vihaan Kumar. Gameskraft accused Kumar of financial irregularities and fraudulent activities, resulting in an FIR and subsequent arrest. The legal battle has caused significant disruption within Arthmate, with employee departures and a decline in company morale. Kumar’s actions, including alleged forgery and financial losses to Gameskraft, have raised serious concerns about his conduct and the impact it has had on the company. The GST Council is considering imposing an 18% GST on payment aggregators for small-value digital transactions. This move could increase costs for merchants and customers, while also impacting the profitability of fintech startups. The proposed levy could hinder the adoption of digital payments and create a more competitive landscape for payment aggregators. It is essential for the GST Council to carefully evaluate the potential consequences before making a final decision. OfBusiness, a B2B marketplace unicorn, is close to finalizing bankers for its $1 billion IPO in the second half of 2025. Meanwhile, IndiQube, a coworking space provider, is also in talks with merchant bankers to file its DRHP within the next three months. IndiQube aims to raise between $120 and $180 million through its IPO, primarily through a fresh issuance of shares.

Funding and acquisitions in Indian startup this week [18 - 23 Nov]

EntrackrEntrackr · 7m ago
Funding and acquisitions in Indian startup this week [18 - 23 Nov]
Medial

During the week, 23 Indian startups raised around $595.86 million in funding. These deals include 6 growth-stage deals and 15 early-stage deals while 2 startups kept their transaction details undisclosed. Last week, 24 early and growth-stage startups cumulatively raised around $182.62 million in funding. [Growth-stage deals] Among the growth-stage deals, 6 startups raised $541.7 million in funding this week. Quicke commerce platform Zepto is on top with $350 million in funding. Omnichannel D2C nutrition platform HealthKart raised $153 million followed by insurtech firm Zopper, e-commerce platform Locad, fintech startup CredFlow, and drone-based geospatial firm Matrix Geo. [Early-stage deals] Further, 15 early-stage startups secured funding worth $54.16 million during the week. Semi-urban commerce platform OneCell Diagnostics led the list followed by decentralized gamer network KGeN (Kratos Gaming Network), same-day delivery platform Blitz, digital consumer products brand Billion Hearts, and beer startup Proost. Meanwhile, Vee Healthtek and Assure Clinics also raked in funding but did not disclose the transaction details. For more information, visit TheKredible. [City and segment-wise deals] In terms of the city-wise number of funding deals, Bengaluru-based startups led with 10 deals followed by Delhi-NCR, Mumbai, Chennai, Pune, and Hyderabad. Segment-wise, E-commerce and Healthtech startups are on the top spot with 4 deals each. Fintech, Foodtech, Logistics, and SaaS startups followed the list among others. [Series-wise deals] During the week, Seed funding deals are at the top with 11 deals followed by Series A, pre-Series B, pre-Series A, Series F, Series I, Series D, and pre-IPO deals. [Week-on-week funding trend] On a weekly basis, startup funding surged 226% to $595.86 million as compared to around $182 million raised during the previous week. The average funding in the last eight weeks stands at around $266.77 million with 25 deals per week. [Fund launches] As many as three startup-focused funds launched this week namely OG Capital and IIT Bombay’s Incubator Fund with a corpus of $36 million and $11.9 million while 8i Ventures did not disclose the fund size. [Key hirings and departures] The startup ecosystem witnessed 11 notable hires this week. WeWork elevated Jitendra Mohandas Virwani, Karan Virwani, Mahua Acharya, Anupa Rajiv Sahney, and Manoj Kumar Kohli and also hired Adnan Ahmad under its board. At the same time, Flipkart welcomed Dan Bartlett to the board of directors. Additionally, after Flipkart, Binny Bansal resigned from the board of PhonePe. [Mergers and Acquisitions] MakeMyTrip announced its plans to acquire Happay from CRED while The Good Glamm Group completed the acquisition of The Moms Co. Other notable acquisitions include Arzooo by Moksha Group, Khatema Fibres by Moglix, and OneSource Speciality Pharma by 360 ONE Asset. [ESOP buyback] HealthKart announced its first-ever employee ESOP buyback plan worth Rs 55 crore ($6.5 million). NowPurchase, a SaaS-enabled marketplace for metal manufacturers also completed its first-ever ESOP buyback. Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights. [New launches] ▪️ Swiggy launches kitchen equipment procurement service for restaurants ▪️ Myntra pilots 2-hour delivery service ▪️ Dating app Flutrr launches AI chatbot for user convenience [Potential Deals] ▪️ Country Delight to raise $50-70 Mn led by SoftBank ▪️ Ritesh Agarwal to increase stake in Oyo ▪️ SolarSquare is looking to raise fresh funds at a 3X valuation [Financial results this week] ▪️ Healthians achieves EBITDA breakeven with Rs 250 Cr income in FY24 ▪️ Glance crosses Rs 600 Cr revenue in FY24 with improved economics ▪️ Teachmint revenue grows 2X in FY24, losses down to Rs 82 Cr ▪️ PharmEasy cuts losses by 51% to Rs 2,533 Cr in FY24, revenue dips 15% ▪️ Apple India posts $8 Bn revenue and $330 Mn profit in FY24 ▪️ Dezerv reports Rs 26 Cr revenue and Rs 75 Cr loss in FY24 ▪️ FNP crosses Rs 700 Cr revenue in FY24; losses drop by 78% ▪️ Paper Boat posts Rs 585 Cr revenue in FY24; cuts losses by 48% ▪️ Biryani By Kilo reports Rs 268 Cr revenue in FY24, cuts losses by 30% ▪️ Third Wave Coffee revenue crosses Rs 240 Cr in FY24, losses up 2X ▪️ The Sleep Company revenue soars 2.5X to Rs 312 Cr in FY24 ▪️ Park+ reports Rs 131 Cr revenue in FY24 with stable losses ▪️ INDmoney revenue spikes 73% in FY24, earns Rs 58 Cr from other income [News flash this week] ▪️ Zomato extends lead over Swiggy in food delivery ▪️ PhonePe, G-Pay lead UPI market share; Navi surpasses CRED to enter top 4 ▪️ boAt and Noise’s growth decline in Q3 amid market slowdown: IDC report ▪️ SEBI approves ArisInfra’s Rs 580 Cr IPO ▪️ BlackBuck’s share lists with a 2.9% premium ▪️ RBI eases forex rules for startups ▪️ Ola Electric cuts 500 jobs to improve profitability ▪️ Groww's valuation takes a hit after India shift: Report ▪️ Karnataka and DRDO join hands to support defence startups ▪️ MamaEarth’s Honasa faces distributor backlash over unsold inventory ▪️ Zomato becomes the first new-age stock to feature in the BSE Sensex index [Conclusion] On a weekly basis, startup funding surged 226% to $595.86 million as compared to around $182 million raised during the previous week. The week saw three startup-focused fund launches namely OG Capital, IIT Bombay’s Incubator Fund, and 8i Ventures. Zomato has solidified its position as the leading food delivery platform in India, capturing a 58% market share in the June quarter of FY25. This marks a significant increase from its previous market share of 54%. Swiggy, on the other hand, saw its market share decline to 42%. While the quick commerce segment continues to be competitive, with players like Blinkit, Zepto, and Swiggy Instamart vying for market share, food delivery remains a key revenue driver for Zomato and Swiggy. ArisInfra has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) worth Rs 580 crore. The company had earlier planned to raise Rs 600 crore but has now reduced the size of the fresh issue. ArisInfra is also considering a pre-IPO placement of up to Rs 115.92 crore before filing its draft red herring prospectus (DRHP). BlackBuck's parent company, Zinka Logistics Solutions, saw its shares list at a 2.9% premium over its IPO price of INR 273. The stock debuted at INR 280.90 on the National Stock Exchange. The company's IPO was oversubscribed 1.8 times on the final day of bidding. Electric vehicle maker Ola Electric has initiated a restructuring process that will result in the layoff of around 500 employees. The company aims to streamline its operations and reduce costs to achieve profitability. This move comes amid concerns over its financial performance and after-sales service issues. The Karnataka government has partnered with the Defence Research and Development Organisation (DRDO) to support defence startups. This collaboration will provide startups with access to DRDO's testing facilities and mentorship. The partnership aims to foster innovation and growth in the defence sector, leveraging the expertise of both organizations.

Download the medial app to read full posts, comements and news.