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The week ended June 19 saw 24 Indian startups raise funding, of which 20 received a total sum of around $784 million.

Edtech unicorn Byju’s grossed the highest funding of $340 million, which was followed by Browserstack that raised $200 million and entered the unicorn clun.

Deals closed during Jun 14-19

Byju’s: Edtech company Byju’s raised $340 million from UBS Group, Blackstone, Zoom founder Eric Yuan, Abu Dhabi state fund ADQ, and Phoenix Rising among others, at a post-money valuation of $16.5 billion.

BrowserStack: San Francisco and Mumbai-based SaaS startup BrowserStack raised $200 million in Series B funding at a $4 billion valuation and became India’s 15th unicorn of 2021. The funding round was led by Mary Meeker’s Bond Capital.

Apna: Professional networking platform for blue and grey collar workers, Apna raised $70 million in its Series B round led by Insight Partners and Tiger Global.

Existing investors Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC also participated in the round.

FamPay: Fintech app for teenagers FamPay secured $38 million in its Series A round led by Elevation Capital. Existing investors Sequoia Capital India, Venture Highway, Y Combinator, Global Founders Capital and new investors General Catalyst, Rocketship VC, and Greenoaks Capital also participated in the funding round.

Kutumb: Bharat-focused social community enabler Kutumb raised $26 million in round led by Tiger Global. This investment makes it one of the largest Series A rounds for any Indian startup.

RenewBuy: Insurtech startup RenewBuy has raised $45 million in a Series C funding round led by Apis Growth Fund II.

RenewBuy’s existing investors, Lok Capital and IIFL Wealth also participated in the funding round.

Classplus: Noida-based edtech startup Classplus secured $30 million in a funding round led by GSV Ventures Fund.

Instadapp: Decentralised finance startup Instadapp raised $10 million in funding from venture capital firm Standard Crypto, and strategic partners, including Yearn founder Andre Cronje, DeFi Alliance, Longhash Ventures, among others.

Flexmoney: Fintech platform Flexmoney secured $4.8 million in funding led by Pravega Ventures.

Jumbotail: Bengaluru-based B2B marketplace Jumbotail raised $4.8 million in a debt round from Alteria Capital.

XYXX: Millennial-friendly brand in the men’s innerwear and comfort-wear space raised $4.15 million in its Series A round of funding from DSG Consumer Partners and Synergy Capital Partners.

Vital: D2C health insurance platform Vital secured $3 million in its pre-series A round of funding led by BLinC Invest.

Pilgrim: D2C beauty and personal care brand Pilgrim raised $1.8 million in its Series A round of funding led by Fireside Venture and Rukam Capital.

SimpliContract: SaaS-based contract lifecycle management platform SimpliContract secured $1.8 million in its seed round led by Kalaari Capital.

Dropshop: Bengaluru-based one-stop distribution platform for FMCG brands Dropshop raised $1.25 million in a pre-Series A round led by Inflection Point Ventures.

MSMEx: Business advisory platform for micro, small and medium enterprises MSMEx raised $1 million in a funding round co-led by Razorpay and investment firm TNF Investments.

Power GummiesNutraceutical startup Power Gummies secured its second bridge round funding of approximately $1 million led by 9Unicorns, with participation from DSG and Pivot Ventures.

Junio: Kids-focused digital pocket money startup Junio raised an additional 50 million rupees in its seed funding round led by Venture Catalysts, HNI Investors, and Rajiv Dadlani Group.

Imagimake: Toys and games maker Imagimake raised $600,000 in its pre-Series A round of funding led by Roha Investment Managers and angel investor Saumil Shah.

Samaaro: Bengaluru-based tech startup Samaaro, which provides an innovative virtual event platform, raised $120,000 in an angel round of funding.

Undisclosed Deals

Financial details of investments for Wherehouse.ioJuicy Chemistry, WaterScience and Evenflow remained undisclosed.


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