Mergers, Acquisitions and Funding Round-up this week: August 3 to August 10

A total of 29 Indian start-ups raised around $177.68 million in funding this week between August 3 to August 10. The deals include 8 growth-stage deals and 19 early-stage deals whereas 2 early-stage startups maintained confidentiality about their transaction details. 

Oravel Stays raises Rs. 1,457 from multiple investors 

The parent company of OYO, Oravel Stays Ltd has raised Rs. 1,457 crore from multiple investors in the the Series G funding round. The deal is expected to help OYO's growth and will be used for its global expansion plans. 

Visit Health secures Rs. 250 crore 

Visit Health, the Healthtech platform has raised Rs. 250 crore in a combination comprising primary capital infusion and secondary purchase of shares from Docprime Technologies. The funds are likely to be used for future collaborations. 

Neo raises Rs. 220 crore by Crystal Investment

The wealth and asset management company Neo has secured Rs. 220 crore, approximately $26.5 million, in a Series B round that was led by Crystal Investment. While Crystal Investment has given Rs. 140 crore, MUFG Bank and individual investor Deepak Agarwal also participated with Rs. 78 crore and Rs. 2 crore, respectively.

ShareChat raises $16 million in debt financing 

ShareChat, a popular vernacular social media firm, has raised $16 million in debt financing by EDBI. This funding had been followed after a 5% layoff of the workforce of ShareChat which goes to 40 employees. 

Country Delight raises Rs. 76 crore in debt and equity

The dairy brand from Gurugram Country Delight has raised Rs. 76 crore, which amounts to $9 million from Alteria Capital in a mix of debt and equity funding. This recent funding has made the brand reach the brink of getting unicorn status. 

Mergers and Acquisitions:

• Nazara Technologies acquired Fusebox Games for Rs. 228 crore ($27.2 million).
• The Staffing startup Instawork has acquired Y Combinator and Elevation Capital-backed Able Jobs recently.
• Nazara’s Absolute Sports acquired a 100% stake in DeltiasGaming.com.
• Shobitam acquired Isadora Life for an undisclosed amount.
• Exicom acquired Tritium to expand global EV charging.
• Apax Partners picked up 52% stakes in greytHR