Nov 26, 2021By: Kritti Bhalla
Nearly $1.5 billion was invested in the startup ecosystem across top 10 deals in this week. Three of these startups were valued over a billion dollars.
Dream11’s parent company Dream Sports raised $840 million from Tiger Global, DST Global and others at an $8 billion valuation. The capital will help the company expand its sports, fan engagement and fitness portfolio in India.
Used car portal Spinny also entered the Indian unicorn club (startups valued over a billion dollars) this week. The company raised $248 million in a round led by Abu Dhabi Growth Fund and Tiger Global, the company’s regulatory filings have revealed. It is valued at $1.7 billion as per media reports.
Proptech startup NoBroker raised $210 million in a Series E funding round led by General Atlantic, Tiger Global, and Moore Strategic Ventures. The company has crossed the $1 billion valuation to enter the unicorn club.
Digital financial services company Indifi Technologies has raised ₹340 crore ($45 million) in a mix of debt and equity. The company aims to serve more customers and identify additional segments of the micro, small and medium enterprises (MSMEs).
Global multi-cloud governance SaaS provider CoreStack raised $30 million in a round led by Avatar Growth Capital. The company will use this capital to scale its platform and enter new markets.
Pune-based Haber, which provides automated insights to increase plant efficiency, has raised $27 million in a round led by Ascent Capital. The company will use the fresh funding to expand its reach across new geographies and industries.
Ratan Tata-backed online investment platform Upstox raised $25 million from Tiger Global, the company’s regulatory filings revealed. The company is valued at $3.4 billion in this round.
New smart parking solutions startup Park raised $25 million in a round led by Sequoia Capital India, Matrix Partners India and Eqip Capital. The company will use the capital to strengthen its core technology and build innovative solutions for cars.
Bengaluru-based electric vehicles startup Simple Energy raised $21 million in a pre-series investment round. The investment will increase its manufacturing capacity, accelerate new product development and expand experience centres.
Furniture rental firm Rentomojo raised ₹145 crore ($19.4 million) in a mix of debt and equity. Nearly $2 million was raised in equity and the remaining was in debt.