Mergers, Acquisitions and Funding Round-up this week: July 15 to July 20
Local Samosa is back with this week's funding round-up. From July 15 to July 20, this week has observed many deals related to fundraising, startups, and acquisitions.
This last week saw as many as 35 Indian startups raising around $261.21 million in funding. These deals include 9 growth-stage deals along with 22 early-stage deals while 4 early-stage startups kept the information related to the transaction confidential.
Urban company raises $50 million from Dharana Captial
Image Courtesy: Urban Company
The Home services provider Urban Company has raised $50 million from Dharana Capital, which is a growth-stage technology and consumer investment firm. The company has invested through a secondary transaction by buying shares worth Rs. 400 crore from employees and other shareholders.
NBFC Auxilo raises Rs. 279 crore from multiple investors
Image Courtesy: Auxilo
The education-focused NBFC Auxilo has raised Rs. 279 Crore in a fresh round of equity wherein LeapFrog Investments, has invested $30 million in the current round through its investment vehicle Jade Inclusion Ltd. The round also saw the participation of existing investors Trifecta Leaders Fund-I and Xponentia Opportunities Fund-II.
BlackSoil NBFC raises over Rs. 200 Cr debt
Image Courtesy: BlackSoil
BlackSoil NBFC, the flagship arm of BlackSoil Group, has raised a total of Rs. 208 crore in debt. As per the company, 60% of this funding came from new debt investors. The round saw the participants like HNIs, UHNIs, Family Offices, banks, and NBFCs.
BluSmart raises $24 million from multiple investors
Image Courtesy: BluSmart
A ride-hailing startup named BluSmart, which uses only electric vehicles, has raised $24 million that is approximately Rs. 200 crore, in a funding round led by its existing investors, Zurich-based climate finance firm ResponsAbility Investments, along with cricketer MS Dhoni's Family Office, and ReNew founder Sumant Sinha. The funding is likely to be used to expand operations and build EV charging infrastructure and assets.
Newme raises $18 million from multiple investors
Image Courtesy: Newme
The D2C fashion brand, Newme has raised $18 million and secured 18 million in series A funding, which was led by Accel, a VC firm along with Fireside Ventures and AUM Ventures. The company is looking to accelerate its growth in the market, as per its statement.
Mergers and acquisitions
Gaming and sports media company Nazara Technologies has fully acquired Paper Boat Apps, the developer of the popular children’s learning app Kiddopia, for Rs. 300 crores. This is followed by their initial 50.91% stake acquisition in 2019.
Collective Artists Network, a talent management and influencer marketing firm, has acquired galleri5, an AI-powered platform, hinting towards AI-driven strategies in the space of creator management.
Other news:
Google Maps has cut prices by 70% for developers after Ola Maps’ free offering.
Deepinder Goyal had entered the billionaire club as his holding in Zomato touched $1 billion.
A lending platform, Moneyboxx is aiming to raise Rs. 271 crore which is approximately, $32.4 million through preferential share issuance and warrants.