#Startup funding witnessed a sharp decline of 90.91%, dropping to $54.19 million this week from approximately $596 million in the previous week. Despite the downturn, the ecosystem saw the launch of two new startup-focused funds: Stellaris Venture Partners Kenro Capital
- Total Funding: $54.43 million across 18 Indian startups (90.9% drop from $596 million last week).
- Growth-stage Deals: $13 million from 2 startups: ShopDeck: $8 million (D2C e-commerce solutions). NeoGrowth: $5 million (MSME-focused digital lender).
- Early-stage Deals: $41.43 million across 13 startups, including: SM Toys (Candytoy Corporate): Leading with an undisclosed amount. ALT Mobility, Elchemy, All Things Baby, Beyond Appliances, DevX, BitSave, and ElecTrade.
- City-Wise Deals: Delhi-NCR led with 5 deals, followed by Mumbai, Bengaluru, and others.
- Segment-Wise: E-commerce led with 6 deals, followed by Manufacturing, EV, Chemicals, and Fintech.
- Funding Rounds: Dominated by Series A and Pre-Series A rounds with 5 deals each.
- Notable Hirings: Amit Bhardwaj as CFO at Battery Smart. Michael Buttstedt as Finance Chief at Allianz Partners.
- Exits: Sriram Krishnan from Andreessen Horowitz. Anandamoy Roychowdhary from Peak XV. Hardik Pandya (SVP of Design) from Unacademy.
- Nykaa: Acquired majority stakes in Earth Rhythm.
- Nodwin Gaming: Acquired Trinity Gaming.
- ISMG: Took a majority stake in Nullcon.
- StockGro: Conducted two ESOP buyouts between 2023-2024 to allow employees to monetize vested shares.
- Uber: Introduced "Uber One" loyalty program in India.
- Meesho: Launched a GenAI-powered multilingual voice bot.
- Miko: To raise ?28 Cr in Series C.
- OneCard: Targeting $28.5 Mn.
- Innov8: Eyeing ?100 Cr.
- Sugar Cosmetics, Univest, Incupaze: Raising funds in varying amounts.
- Notable performances: Pocket FM: 500% growth, joins ?1,000 Cr revenue club. Bloom Hotels: ?250 Cr revenue, profit spiked 2.3X. Cars24: Nearing ?7,000 Cr revenue, 2 lakh cars sold. ShareChat: Revenue up 33% to ?718 Cr. Beardo: Regained profitability with ?170 Cr revenue. Lendingkart: ?1,090 Cr revenue, profit dips.
- Zomato raises ?8,500 Cr via QIP; CEO Deepinder Goyal waives salary until FY26.
- Google under CCI probe following anti-competitive claims by Winzo; investment in Flipkart and Rebel Foods receives CCI approval.
- Awfis discloses insider trading by a senior executive.
- Nazara Technologies secures $100 Mn through a preferential issue.
- Amazon India and Tata Neu announce quick commerce services "Tez" and "Neu Flash" respectively.
- Flipkart penalized for unfair trade practices over a defective product.
- Ola Electric launches budget e-scooters for gig workers starting at ?39,999.
- Honda debuts in the EV market with Activa E and QC1 e-scooters.
- Angel One gains SEBI approval for mutual fund business entry.
- Zomato's hyperpure launches a 4-hour express delivery service.
- IIMA Ventures and Google collaborate to support 22 AI startups.
- Paisabazaar receives IT department notices over vendor payments.
Executive Director @ ABC Consultants | Executive Search, Advisory, Consulting
3 个月Very well covered Amandeep Saini Banwait
Building Careers. Building Organisations. With ABC Consultants.
3 个月Very informative