Licious transforms into a unicorn; raises $ 52 million in Series G
Fresh meat brand D2C Licious entered the coveted unicorn club on Tuesday after raising $ 52 million in a Series G funding round led by the IIFL AMC’s Late-Stage Tech Fund, with a valuation of $ 1 billion. Avendus FLF (Future Leaders Fund) also invested in this round. Avendus Capital acted as exclusive financial advisor to Licious for the transaction.
Licious is now the 29th unicorn to come out of India in 2021. The funding would help him compete better with players such as FreshToHome, Zappfresh as well as big players such as BigBasket and Swiggy.
CoinSwitch Kuber becomes unicorn; raises over $ 260 million
Coinswitch Kuber cryptocurrency exchange became India’s second-largest crypto unicorn, after raising more than $ 260 million in a Series C funding round, led by the venture capital firm American a16z (Andreesen Horowitz) and Coinbase Ventures, for a valuation of $ 1.9 billion.
The new funding round included existing investors such as Paradigm, Ribbit Capital, Sequoia Capital India and Tiger Global. Venture capital giant Andreessen Horowitz, which is making the investment its first in India, said in June it was launching a new $ 2.2 billion fund to invest more money in crypto networks.
Byju’s raises 2,200 crore rupees from Oxshott Venture Fund and others
Giant Edtech Byju’s has raised 2,200 crore rupees from Oxshott Venture Fund, with participation from Edelweiss Private Investments Trust, Verition Multi-Strategy Master Fund, IIFL Private Equity Fund, XN Exponent Holdings and MarketX Ventures, among others.
In accordance with regulatory documents filed by Tofler, a total of 77,174 CCPS Series F shares at a premium of Rs 2,85,062 will be awarded to investors in this fundraiser. Of the 77,174 shares awarded during this round, a majority of 42,095 shares will be awarded to Oxshott Venture Fund for an investment of Rs 1,200 crore.
Earlier in September, Byju raised Rs 1,093 crore from Asmaan Ventures, Mirae Asset and ARK Ncore, among others, according to the documents.
The company has acquired at least 10 startups in the edtech space to date.
Esper Secures $ 60 Million Series C Funding Led by Insight Partners
Esper, the India-US-based DevOps platform for devices has raised $ 60 million in Series C funding led by Insight Partners. Existing investors, including Scale Venture Partners, Madrona Ventures and Root Ventures, also participated in this round.
The investment brings Esper’s total funding to $ 100 million and follows the company’s $ 30 million Series B series just four months ago in May. This latest round of funding will primarily be used to further expand Esper’s ability to spread the word to more corporate clients, the company said in a statement.
Chalo Raises $ 40 Million in Series C Funding; aims to digitize bus journeys in India
Public transport tech startup Chalo said on Tuesday it had raised $ 40 million in its Series C funding round led by Lightrock India and Filter Capital.
The cycle also saw the participation of existing investors including WaterBridge Ventures, Raine Venture Partners, former WhatsApp executive Neeraj Arora and former Google Inc. executive Amit Singhal.
With this fundraiser, Chalo aims to invest more in technology, deepen its presence in India and expand to international cities. The startup will use nearly $ 10 million of the proceeds from the current funding to buy back employee shares, while also allowing exits for early angel investors.
Fintech start-up Progcap raises $ 30 million in Series C
Fintech startup Progcap has raised $ 30 million in Series C from existing investors Tiger Global Management and Creation Investments. Sequoia Capital India, which had led the last two rounds of funding for Progcap, also took part in this round of funding. The startup will use the capital to build a wider and deeper supply chain banking platform for its merchants and business network in India. Progcap aims to reach $ 1 billion in disbursements by March 2022.
Edtech Sunstone Eduversity startup secures $ 28 million in Series B funding
Startup Edtech Sunstone Eduversity has raised $ 28 million (around Rs 208.8 crore) in its Series B funding round, led by WestBridge Capital. The cycle also saw the participation of existing investors Saama Capital, Alteria Capital and Work10m, a fund focused on the work of Pankaj Bansal, CEO of the PeopleStrong group.
The company said it would use the new funds to enhance its learning and advanced technology assets, while doubling geographic and team expansions.
Chingari Short Video App Raises $ 19 Million in Cryptocurrency Pivot
The Chingari short video app raised $ 19 million in its most recent funding round with the aim of offering cryptocurrency as a means of monetization for creators and users on its platform. With this pivot, the startup aspires to become a global blockchain-based social infotainment platform.
Given the startup’s attempt to mainstream cryptocurrency in India, the cycle saw the participation of more than 30 venture capital funds and individual investors. This includes renowned crypto investors such as Republic Crypto, Solana Capital, Kraken, and others. Chingari will use the funds to launch his own crypto token – $ GARI.
The tokens will be powered by the Solana blockchain, which is supported by Andreessen Horowitz (a16z). Earlier this week, the Silicon Valley-based venture capital firm invested in CoinSwitch Kuber, turning the crypto exchange into the second Indian unicorn in space after CoinDCX.
Qapita raises $ 15 million in funding from East Ventures, others
Equity management platform Qapita has raised $ 15 million (around Rs 112 crore) in funding from East Ventures (Growth Fund), Vulcan Capital and others.
NYCA and existing investors, including Endiya Partners and MassMutual Ventures, also participated in Series A.
Several existing angel investors in India, Singapore and Indonesia including Alto Partners, Partners of the Northstar Group, K3 Ventures, Mission Holdings, Anjali Bansal (founder of Avaana Capital) and Sujeet Kumar (co-founder of Udaan) have also participated in this tour.
With the proceeds from this round, Qapita plans to add more products to its platform, the company said in a statement. Qapita also plans to facilitate liquidity solutions through a digital marketplace enabling transactions for companies between their investors and employee stakeholders, he added.
Rural Insurtech Startup GramCover Raises $ 7 Million in Series A Funding
Rural insurtech startup GramCover has raised $ 7 million as part of its Series A fundraiser co-led by Siana Capital and Inflexor Ventures. Stride Ventures also participated in this cycle alongside existing investors Omidyar Network India, Flourish Ventures and Emphasis Ventures (EMVC).
With this fundraising, the startup will strengthen the offer of technologies and products to considerably develop the sales and support functions. GramCover will also improve the availability of various insurance products and services on the “GramCover Partner” application and expand its point-of-sale network, technical, sales and operations teams in multiple geographies, the company said in a statement.
Ozonetel obtains $ 5 million from Stakeboat Capital
Cloud communications services firm Ozonetel has secured $ 5 million in Series A funding from private equity firm, Stakeboat Capital. The company said it intends to use the new capital to expand its sales and marketing teams in the United States while continuing to focus on Southeast Asia and the Middle East and expanding into India. . It entered the US market in 2019. The company also plans to launch its AI-based Unified Channel Experience Management (UCXM) platform for voice and digital channels.