In this episode of India Tech - Weekly Deals Roundup: India Tech saw 12 companies including Vakilsearch, Dogsee Chew, etc raised over $22.0 million from investors such as Incorp, Sixth Sense Ventures among 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 Vakilsearch, Dogsee Chew, and more. In exits, we will cover the acquisition of Swiflearn by Unacademy and the IPO by Nykaa among others.
Starting with our deep dive into funding rounds, tech companies in India raised around $22 million of funding across 12 funding rounds during this week.
Chennai-based Legal Tech startup, Vakilsearch raised $10 million in a Series B funding round led by Incorp Advisory. Vakilsearch offers an online platform to search and book professional legal services. Vakilsearch provides documentation services, intellectual property registrations, copyright and trademark filing, tax filing, and accounts related services in India. Vakilsearch also provides services such as rental agreements, non-disclosure agreements, incorporation of companies, and more. Founded in 2010, Vakilsearch has raised $22 million till date.
Bangalore-based Pet Tech startup, Dogsee Chew raised $7 million in a Seed funding round led by Sixth Sense Ventures. DogSee Chew offers packaged dog food in the form of hard bars, puff treats, and seasoning powder. DogSee Chew products are made from Hardened Yak Milk Cheese, sourced from the Himalayan range, mainly from Nepal and Darjeeling. Dogsee Chew sells its products online through its website and has also partnered with multiple pet shops for retailing. Founded in 2015, Dogsee Chew has raised $7.4 million till date.
This was all from the funding updates, moving on to the exits. India Tech observed 7 exits during the week of 7th Nov 2021.
Gurgaon-based Edtech startup, Swiflearn was acquired by Unacademy. Swiflearn is an online platform that provides live tutoring solutions for K-12 students. Swiflearn offers classes in small batches of students and offers crash courses for math & science for the year-end exams. Swiflearn provides study material such as revision notes, NCERT solutions, English grammar, and many more. Founded in 2019, Swiflearn has raised $4.7 million till date from Venture Highway, Groundupp Ventures, Alteria Capital, and others.
Kolkata-based Home Improvement startup, Absorbia was acquired by Global Bees. Absorbia is a private label brand of moisture absorbing products for personal uses. Absorbia products can be used to soak up excess moisture from the surroundings and prevent mold & fungus, smells, and allergens at home. Absorbia provides 4 kinds of products for different uses at home and can be used in closets, bags, washrooms, kitchen, and more. Absorbia products can be purchased directly from the platform and are also available on Amazon.
Pune-based Regtech startup, Avantis was acquired by TeamLease. Avantis provides a cloud-based statutory compliance solution. Avantis offers features such as role-based user dashboard, responsibilities segregation, audit history, internal compliance management, and more. Avantis also offers automatic email notifications, document management, and compliance tasks management.
In a major development this week Nykaa, a Mumbai based E-Commerce startup went public. The IPO pegs the valuation of the company at nearly $2.46 billion. Nykaa was founded in 2012 and has raised over $127.1 million across several funding rounds. Major investors who backed the company in its early stages include enterprises like JM Financial, Steadview Capital, TVS Capital Funds, and others.
This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts 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.