In this episode of India Tech - Weekly Deals Roundup: India Tech saw 26 companies including ShareChat, upGrad and Infra.Market raise over $712 million from investors such as The Times Group, ArcelorMittal, Accel, and others.
Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.
In this edition, we will cover funding rounds of ShareChat, upGrad, Infra.Market, and more. In exits, we will cover the acquisition of Pickrr by ShipRocket, among others.
Starting with our deep dive into funding rounds, tech companies in India raised over $712 million of funding across 26 funding rounds during this week.
In a major funding round event, Bangalore-based Media & Entertainment startup, ShareChat, raised $255 million from The Times Group and Google. ShareChat is a vernacular-based social networking platform. It enables users to share content in various Indian languages, follow local celebrities, expand their network, read news, horoscopes, poetry and satire on Indian politics, and play microgames. Founded in 2015, ShareChat has raised over $1.7 billion till date.
Mumbai-based EdTech startup, upGrad, raised $225 million in a funding round led by ArcelorMittal and Lupa Systems with participation from Temasek, ETS, Sunil Bharti Mittal, and others. upGrad is an app-based platform providing higher education programs for working professionals. It offers online accredited courses and certificates in relevant industries such as e-commerce, big data, and BFSI. It provides courses on finance, operations, strategy, leadership, and more. It also provides one-on-one career guidance solutions. Its mobile app is available for Android and iOS devices. Founded in 2015, upGrad has raised close to $723 million till date.
Infra.Market, a Real Estate and Construction Tech startup, raised $50 million from Accel, Evolvence India, Nexus Venture Partners, and others. Infra.Market is an online marketplace for procuring construction materials. It provides users with access to materials like cement, ready-mix concrete, aggregates, and construction chemicals. It also includes features like cloud manufacturing, value-chain control, retail as a service, and equipment banking. Founded in 2017, Thane-based Infra.Market has raised $382 million till date.
Mumbai-based Gaming startup, FanClash, raised $40 million in a Series B funding round from Info Edge, Sequoia Capital, Falcon Edge Capital, and others. FanClash is an e-sports fantasy gaming platform. Its features include e-sports tournament management, fantasy contests management, and league management. Founded in 2020, FanClash has raised over $50 million till date.
In another funding round event, Delhi-based Auto Tech startup, Battery Smart, raised $25 million in a Series A funding round from Tiger Global Management. Battery Smart operates a network of battery-swapping stations for electric vehicles. It enables electric three-wheelers and two-wheelers to swap interoperable Lithium-ion batteries. It also offers a mobile application for users to find charging stations, and for partners to manage the charging station operations. Founded in 2020 by IIT Kanpur alumni, Battery Smart has raised over $36 million till date.
Bangalore-based FinTech startup, Innoviti, raised $22 million in a Series D funding round from Alumni Ventures. Innoviti is a provider of POS and payment management software for businesses. It offers a collaborative payment platform for merchants to accept payments from credit cards, debit cards, mobile wallets, and UPI. It also enables lenders to disburse loans and extend EMI services to customers at POS terminals. Founded in 2002 by IIT Bombay alumni, Innoviti has raised over $84 million till date.
This was all from the funding updates, moving on to the exits. India Tech observed 6 exits during the week of 19 Jun 2022.
Transportation and Logistics Tech startup, Pickrr, was acquired by ShipRocket. Pickrr is an AI and SaaS-based marketplace for end-to-end delivery services. It provides reverse logistics, as well as doorstep pick and pack services. It also acts as a closed marketplace for courier services and enables businesses to book their shipping requirements, track shipments and generate reports. Founded in 2015, Faridabad-based Pickrr has raised over $16 million till date.
In another acquisition event, Delhi-based E-commerce startup, Overcart, was acquired by ControlZ. Overcart is a marketplace for over-stock, unboxed, and pre-owned electronic products. It enables customers to buy and sell quality-certified, pre-owned, new, unboxed, refurbished, overstocked and carton-damaged products. The portal enables users to browse through the catalog of preowned products or sell their own. It also helps businesses set up their liquidation process, provides pricing data for unboxed items, and liquidates through an exclusive marketplace. Founded in 2012, Overcart has raised over $3 million till date.
This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.