Funding and acquisitions in Indian startup this week [16 – 21 Sep] In the past week, Indian startups raised approximately $628.24 million, with 14 growth-stage and 17 early-stage deals. Notable growth-stage fundings included Physics Wallah ($210 million) and Whatfix ($100 million). Early-stage startups, led by Kaleidofin, secured $61.8 million. Bengaluru dominated city-wise deals, while e-commerce, SaaS, and fintech sectors led in segment-wise funding. Overall, funding increased by 175% compared to the previous week. Three funds were launched: Z21 Ventures, Capital A, and Shivalik Investment Fund. Noteworthy developments included Byju’s layoffs, MobiKwik partnering with Meta, and PhonePe capturing over 50% of the UPI market. Meanwhile, Elara Capital predicts a lower valuation for Swiggy compared to Zomato, amid ongoing challenges for BYJU’S. #Entrackr #Fintrackr #News #Startup #StartupNews #IndianStartup #StartupFunding #VentureCapital #Edtech #Fintech #StartupEcosystem #FundingRounds #MergersAndAcquisitions #TechInvestments #Entrepreneurship #StartupTrends #BusinessGrowth #StartupsIndia #FundingSuccess https://entrackr.com/2024/09/funding-and-acquisitions-in-indian-startup-this-week-16-21-sep/

OYO acquires Motel 6-parent G6 Hospitality for $525 Mn OYO has agreed to acquire G6 Hospitality, operator of Motel 6 and Studio 6, for $525 million in an all-cash deal. The acquisition, expected to close by late 2024, will transfer G6 from Blackstone Real Estate to OYO. Motel 6 operates 1,450 hotels across the US and Canada, generating $1.7 billion in gross room revenues. This marks OYO's second major acquisition, following its purchase of Checkmyguest for $27 million. OYO recently raised $175 million, with $100 million from founder Ritesh Agarwal, and plans to refile its IPO papers. Despite turning profitable last year, OYO's revenue from operations dropped 1.4% to Rs 5,389 crore in FY24. #Entrackr #Fintrackr #News #Startup #StartupNews #IndianStartup #OYOAcquisition #OYOGlobalExpansion #OYOInvestments #BusinessAcquisition #HotelIndustryNews #MergersAndAcquisitions #OYOin2024 https://entrackr.com/2024/09/oyo-acquires-motel-6-parent-g6-hospitality-for-525-mn/

Moneyview raising $30 Mn debt via private placement Moneyview, a Bengaluru-based lending platform, is set to raise Rs 250 crore ($30 million) through debt via private placements, marking its first significant debt round in three years. The funds will be allocated for growth, working capital, and general corporate purposes. The company is also nearing unicorn status, with plans to raise $50-60 million from new and existing investors, including Apis Partners, Accel Partners, and Evolvence India. To date, Moneyview has raised around $190 million and was valued at $900 million in its last equity round. The firm, which offers various financial services and products, reported a revenue increase to Rs 577 crore and a profit surge to Rs 163 crore for FY23. #Entrackr #Moneyview #DebtFunding #StartupFunding #Fintech #BengaluruStartups #PersonalLoans #FinancialGrowth #StartupNews #IndianStartup #Fintrackr #Startup https://entrackr.com/2024/09/exclusive-moneyview-raising-30-mn-debt-via-private-placement/

Moneyview set to turn unicorn in Series F round Bengaluru-based Moneyview is nearing unicorn status as it finalizes a new funding round of $50-60 million from new and existing investors, including Apis Partners and Accel. This Series F round will push the company's valuation over $1 billion. Moneyview, which offers personal and home loans, credit cards, and loans against property, has raised nearly $190 million to date. The company's revenue grew 2.6x to Rs 577 crore in FY23, with profits surging 27x. Moneyview is also set to acquire a mid-stage fintech company. #Moneyview #Entrackr #Fintrackr #News #StartupNews #IndianStartup #UnicornStartup #Fintech #InvestmentNews #FundingRound #StartupGrowth #StartupFunding UnicornJourney #InvestorNews https://entrackr.com/2024/07/exclusive-moneyview-set-to-turn-unicorn-in-series-f-round/

Battery Smart raises $65 Mn in Series B round Battery Smart secured $65 million in Series B funding led by LeapFrog Investments, with participation from MUFG Bank, Panasonic, and others. The startup, valued around $340 million, will expand its battery-swapping network. It operates 1,000 stations across 30 cities, serving 45,000 customers. The company partnered with Zepto to deploy 1,000 EVs. Revenue grew seven-fold to Rs 55.8 crore, while losses increased to Rs 64.51 crore. Tiger Global holds a 23% stake. #Entrackr #Fintrackr #News #Startup #StartupNews #BatterySmart #Funding #LeapFrogInvestments #FundingNews #BatteryTechnology #RenewableEnergy #SmartMobility https://entrackr.com/2024/06/battery-smart-raises-65-mn-in-series-b-round/

Zomato to invest Rs 400 Cr in Blinkit and Zomato Entertainment Zomato is investing Rs 300 crore ($36 million) in its quick commerce arm Blinkit to compete with Swiggy Instamart and Zepto. Additionally, it will invest Rs 100 crore ($12 million) in its subsidiary, Zomato Entertainment. Since acquiring Blinkit (formerly Grofers) in 2022, Zomato has invested Rs 2,300 crore ($277 million) in it. Blinkit recently achieved EBITDA profitability. Competitors Swiggy and Zepto are also significantly investing in quick commerce. #Entrackr #News #StartupNews #Startup #Fintrackr #Zomato #Blinkit #Foodtech #Zepto #SwiggyInstamart #QuickCommerce #StartupFunding #IndianMarket https://entrackr.com/2024/06/zomato-to-invest-rs-400-cr-in-blinkit-and-zomato-entertainment/

Indian startups raised $1.3 Bn in May, highest funding in 2024 so far In May, Indian startups secured over $1.3 billion in funding, notably driven by Google-Flipkart's $350 million deal. The month witnessed 128 deals, including 39 growth-stage and 66 early-stage fundings. Notable developments include the emergence of two unicorns and a 29% month-on-month increase in funding. Bengaluru led in city-wise deals, while e-commerce and fintech dominated segment-wise. M&A activity slightly declined, while layoffs decreased sharply. Despite challenges, confidence in the market remains strong. #Entrackr #Fintrackr #MonthlyFundingReport #Report #Funding #Startups #News #IndianStartups https://entrackr.com/2024/06/indian-startups-raised-1-3-bn-in-may-highest-funding-in-2024-so-far/

Nykaa posts Rs 6,386 Cr revenue and Rs 40 Cr PAT in FY24 Nykaa, an online fashion and beauty commerce platform, reported a 24.1% growth in revenue, reaching Rs 6,386 crore in FY24, up from Rs 5,144 crore in FY23. Profit after tax surged by 90.5% to Rs 40 crore. Despite a 6.8% sequential drop in Q4 revenue, total income for the year stood at Rs 6,416 crore. Costs related to procurement and operations increased, but effective cost management led to improved profitability. The company also announced new ESOP options for employees. #Fintrackr #News #Startups #StartupNews #Nykaa #RevenueGrowth #ECommerceSuccess #FashionTech #Entrackr https://entrackr.com/2024/05/nykaa-posts-rs-6386-cr-revenue-and-rs-40-cr-pat-in-fy24/

Indian startups raised more than $11 Bn in 2023: Report In 2023, Indian startups faced a challenging funding environment, marked by a funding crunch, mass layoffs, and closures. Despite struggles, over 980 startups raised $11 billion in venture capital. Notable were 181 growth stage deals totaling $8.8 billion and 656 early stage startups raising $2.5 billion. Two new unicorns, Zepto and InCred, emerged. Funding declined sharply from $38 billion in 2021 to $11 billion in 2023. Layoffs exceeded 24,000, and 15 startups, including ZestMoney and Quizy, shut down. Bengaluru dominated with 433 startups raising $6.2 billion. Edtech, fintech, and gaming faced challenges, while 11 startups, including Paytm and Nykaa, went public in 2023. Secondary deals, ESOP buybacks, and IPO plans were notable trends. #Entrackr #Fintrackr #IndianStartups #Startups #News #Funding #AnnualReport #YearlyFundingReport #FundingReport #Report #StartupNews https://entrackr.com/2023/12/indian-startups-raised-funding-more-than-11-bn-in-2023-report/

BluSmart raises $24 Mn from existing investors, founders and leadership team BluSmart Mobility, an EV ride-hailing service and charging infrastructure operator, raised $24 million in an equity round with over-subscription from existing investors, founders, and leadership. The company, challenging Ola and Uber, operates over 4,000 EV chargers across 34 hubs in Delhi-NCR and Bengaluru. With plans to scale its fleet to 8,000 EVs, BluSmart reported crossing $50 million in annual revenue run-rate, growing over 100% YoY, despite losses increasing to Rs 65.4 crore in FY22 as per TheKredible. #Entrackr #Fintrackr #BluSmart #Startups #StartupNews #News #thekredible #IndianStartups https://entrackr.com/2023/12/blusmart-raises-24-mn-from-existing-investors-founders-and-leadership-team/