Mergers, Acquisitions and Funding Round-up this week: October 7 to 12

This week, a total of 32 Indian start-ups raised approximately $134.42 million in funding. The deals include 4 growth-stage deals and 22 early-stage deals, while 6 startups kept their transaction details undisclosed. In comparison, last week saw 21 early and growth-stage startups collectively raising over $92.63 million in funding.

Haber raises $38 million from multiple investors

The AI-driven, robotics startup Haber Nets (Elixa Technologies Pvt Ltd) has secured USD 38 million in funding led by Creaegis, with participation from Accel and BEENEXT Capital. It was a fresh funding round that was raised after three years. Founded in 2017, this Pune-based company is popular for AI-powered industrial robots. 

Spry Therapeutics raises $15 million from multiple investors 

A SaaS platform for physical therapy professionals, Spry Therapeutics has raised $15 million from Flourish Ventures, Together Fund, and Fidelity’s Eight Roads and F-prime Capital. The fresh funds are likely to be used by the company for the expansion in the US market, as per the company's reports. 

Aereo raises $1.8 million by JSW Ventures

Aerial intelligence platform Aereo has secured $1.8 million from JSW Ventures as part of its Series B funding round. The funds are expected to be utilised to strengthen its position in providing innovative commercial drone solutions along with accelerating its growth in the international markets.

Sorich raises $1 million by BizDateUp

Sorich, the pharmaceutical packaging startup has raised $1 million from BizDateUp in the pre-IPO funding round. According to the company, the funds will be utilised to optimize the production capacity along with enhancing working capital and facilitating the development of products. Funds will also be directed towards products like Heat Transfer Labels and more.

Bumtum raises Rs. 122 Cr from Bharat Value Fund

D2C brand Bumtum has raised Rs. 122 Crore, which comes close to $14.5 Mn from Pantomath Capital-managed Bharat Value Fund (BVF) in a private placement round through the brand's parent company, Millenium Babycares. As per the company, the funds will be used to expand the start-up's manufacturing unit and to solidify its presence in general trade.

Mergers and Acquisitions 

• Ozonetel, an industry-leading provider of a unified customer experience intelligence platform (oneCXi) acquired CloudConnect Communications.
•  eBikeGo purchased a 40% stake in Varcas Automobiles
• Exicom took over US-based Tritium for USD 37 million.

Other updates

• Infosys has partnered with Zooplus for its e-commerce expansion. 
• Bharti Airtel is in talks to acquire Tata Play, which is India's largest DTH provider.
• Blinkit will start delivering samosas and chai in 10 mins.