Sep 3, 2021By: Kritti Bhalla
Indian startups raised $6.5 billion across 160 deals in the second quarter of 2021.
Food delivery giant Swiggy led the Indian startup ecosystem with the highest fundraise in the first half of 2020. Falcon Edge Capital, Goldman Sachs and others invested in the round.
Homegrown social media startup ShareChat was one of the startups that entered the unicorn club — startups with more than a billion dollar in valuation — this year as Tiger Global Management jumped in to back it.
Edtech giant Byjus, which is planning to go big in the global market, raised $340 million earlier this year. The company also acquired seven startups in 2021, so far.
Online pharmacy startup Pharmeasy raised $323 million this year. It used this capital to buy publicly-listed company Thyrocare, a chain of diagnostic and preventive care laboratories.
India witnessed the entry of a social commerce startup in the unicorn club, with Meesho raising $300 million in a round led by Japan’s Softbank.
Bengaluru-based Pine Labs, the digital payments and commerce solutions provider to merchants, raised $285 million in May 2021. The company’s valuation is pegged at $3 billion.
Logistics startup Delhivery, which is planning an IPO this year, raised $277 million in the first half of 2021. It raised another investment from FedEx in the second half.
Banking tech company Zeta raised $250 million from SoftBank Vision Fund this year.
Kunal Shah-led credit card payments app CRED too entered the unicorn club this year, with $215 million from several investors. The company is valued at $2.2 billion.
On-demand beauty and home service startup Urban Company raised $188 million this year and is now valued at $2.1 billion.