Startups, Mergers, Acquisitions and Funding Round-up this week

This week saw significant developments in the startup landscape, with several companies securing major funding to boost their growth. While mergers and acquisitions were few, investors have continued to show strong confidence in other sectors. Here’s a roundup of the latest funding and acquisition news.

Fitspire raises money

A family health nutrition and protein supplements brand, Fitspire has raises $1 million by McDonald's India (North and East) Promoter Anant Agarwal, MM Agrawal Group (MMG), along with angel investors from AKG financials in a bridge round for Series A. Reportedly, the start-up will use the fresh funds to further maintain its ecosystem and work towards market expansion while also building the brand, and creating new revenue streams.  

Basil Alliance raises fund from Inflection Point Venture

Basil Alliance, which is a new-age AlcoBev startup, has secured an undisclosed amount from Inflection Point Ventures. The start-up is planning to use the raised funds to strengthen its presence in the Indian market while also driving its next phase of growth and expansion.

Nua raises Rs. 35 crore

The women’s wellness and hygiene brand Nua has secured a total of Rs. 35 crore in a funding round which was led by Milabilis Investment Trust. As per the reports, these funds will be used for the expansion of retail operations and launching new products on channels like marketplaces, quick commerce, and retail stores.

PlaySuper raises $500,000 from multiple investors

The gaming commerce start-up PlaySuper has raised $500,000 in a seed funding round which was led by IAN Angel Fund and 100X.VC. Reportedly, the company has plans to use the raised funds in accelerating product development, expanding market reach, and hiring talent.

Mealawe raises USD 1 Million in Funding

A food-tech company Mealawe, has raised $1 million in funding from a mix of Foreign Direct Investment (FDI), a network of Shark Tank founders, and angel investors who are associated with companies such as Goldman Sachs and Oracle. The raised funds are lilely to used in company’s expansion to 14 other cities in the persiod of 10-12 months.

Mergers and Acquisitions

• boAt, a audio and wearable tech brand, has partnered with Antara Senior Care, with an aim to redefine senior care through innovative, customised technology solutions.
• The Indian payment app Paytm has  acquired $1 million stake, up to 25% in a Brazilion start-up Dinie.

Other news: 

• Nestle India is set to invest Rs. 1,100 crore aiming to expand its confectionary footprint, in new KitKat production line at Sanand factory, in Gujarat.