Nov 26, 2021
By: BI India BureauNearly $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.
Credit: Canva
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.
Credit: Dream-Sports
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.
Credit: Spinny
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.
Credit: NoBroker
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).
Credit: Indifi
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.
Credit: Canva/CoreStack
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.
Credit: Haber
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.
Credit: Upstox
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.
Credit: Park
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.
Credit: Simple-Energy
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.
Credit: Rentomojo