From BYJU’s To MyGlammm — Over $1.7 Bn Mn Raised By Indian Startups This Week

Between December 13 and 18, the Indian startup ecosystem has raised a total of $1.3 Bn across 48 deals

From BYJU’s To MyGlammm — Over $1.7 Bn Mn Raised By Indian Startups This Week

During the week, the Indian startup ecosystem recorded seven acquisition

Bhavish Aggarwal-led Ola became the third Indian startup to secure a Term Loan B (TLB) round after BYJU’s and OYO

The Indian startup ecosystem has regained its momentum as it raised $1.3 Bn in funding across 48 deals in the third week of December, between December 13 and 18. This is 39% higher than last week when the ecosystem racked up $908 Mn in funding across 53 deals between December 6 and 11. This week’s investment is also 151% higher than the week prior when the Indian startup ecosystem raised $535 Mn investment across 49 deals. 

The biggest investment in this week was picked up by Mohalla Tech, the parent company of social media unicorn ShareChat and Moj. The startup raised $266 Mn in Series G round led by Alkeon Capital. The second-largest funding round was raised by health tech startup Innovaccer which mopped up $150 Mn in Series E round led by Mubadala Capital, in participation with B Capital and Microsoft, almost doubling its valuation to $3.2 Bn

The week further saw Bhavish Agarwal-led Ola securing $500 Mn in a term loan B (TLB), making it the third Indian unicorn after OYO, and BYJU’s to raise the same.

Here are all the funding rounds disclosed this week:

Indian Startup IPOs

Funding Galore: Indian Startup Funding Of The Week [Nov 8 – Nov 13] : Inc42