The Indian startup ecosystem has raised around $118 Mn across 24 deals between July 25 and 30, 2022
The week saw COGOS Technologies acquiring logistics startup Porter’s FMCG business
Ola and Uber both have denied the recent merger talks
The last week of July has seen a significant drop in marking investment deals. Between July 25 and 30, the startup ecosystem raised $118 Mn across 24 funding deals. This is a 37.5% drop from the last week, when the ecosystem raised $189 Mn across 29 deals, and is 73.6% drop from the week before, when the Indian startups raised $448 Mn in funding across 30 deals.
The week did not witness any mega round or any new unicorn being minted.
Most active investor of the week was Kunal Shah, as he invested in four deals.
The Indian Startup Funding Deals Of The Week
Updates On Indian Startup IPOs
Ahead Of $300 Mn IPO, Pepperfry Rejigged Business Structure
Online furniture marketplace Pepperfry which has been gearing for an initial public offering (IPO) for quite some time, is now rejigging its business structure. The startup which was initially heading for an US listing has redomiciled Pepperfry from Cayman Islands to Mumbai. The startup is also mulling to raise $300 Mn through the IPO and has already started onboarding independent directors.
From The Startup Acquisition Desk
Startup Funds This Week
- Private equity company Xponentia Capital Partners has completed the first close of its second fund, Xponentia Opportunities Fund 2 after securing INR 365 Cr from limited partners (LPs).
- Also, angel investment fund Peaceful Progress announced the first close of its INR 50 Cr fund for early-stage startups.
- Private equity firm Lighthouse Funds is in talks to raise $400 Mn for a new fund that will target fast-growing consumer brands in the country.