Mergers, Acquisitions and Funding Round-up this week: July 1 to July 6

The first week of July saw 24 Indian startups raising round $270.3 million in funding. These deals consisted of 4 growth-stage deals and 20 early-stage deals. Check out the major deals from the week here! 

Purplle raises $1.25 bn by ADIA

Purplle, the beauty and personal care products platform has raised Rs 1,000 crore in a funding round led by an arm of the Abu Dhabi Investment Authority (ADIA), which also saw the participation from other marquee investors. The brand plans to open more offline stores with the funding to provide more hybrid shopping options to customers. 

OYO raises $50 Mn from InCred

The hospitality unicorn OYO raised $50 Mn (about INR 415 Cr) from financial services provider InCred. InCred will hold around 2.11% stakes in OYO after the investment. Meanwhile, OYO plans to utilise the funding for its global expansion. 

Matter raises $35 million by Helena

The electric vehicle maker Matter has raised $35 million in a round led by US-based non-profit organisation Helena in participation with Capital 2B, Japan Airlines & Translink Innovation Fund, Saad Bahwan Investment Management Company (SB Invest), other Institutional investors and Family Offices. The round was part of its ongoing Series B round. 

Arya.ag raises $29.2 million from multiple investors

The Noida-based agritech startup Arya.ag has raised $29.2 million, which is approximately, Rs 242.36 crore in its latest funding round, which was led by existing investors, including Asia Impact and Quona Capital, through Quona Blue Earth and Accion Quona. Post the investment, Arya.ag is valued at approximately Rs. 2,700 crore, or $325 million. 

Comet raises $5 Mn by Elevation Capital 

The D2C sneaker brand Comet has raised Rs. 42.3 crore, which is approximately $5 million by Elevation Capital. It was raised in its Series A round led, also the first round of investments for the Bengaluru-based company this year. The brand is likely to use the funds for capital expenditures, marketing, and general corporate purposes. 

Other Mergers and acquisitions 

• Indian crypto exchange CoinDCX has announced that it has fully acquired BitOasis, a Middle Eastern virtual asset platform. Both teams will merge, with BitOasis retaining its brand.
• Nodwin Gaming, the esports arm of Nazara Technologies, is acquiring Freaks 4U Gaming, a German esports agency in a two-part share swap deal costing Rs 271 crore. 
• With bases in the US and development centres in India, HR tech firm Phenom has acquired Tydy, a human resources technology startup that offers pre-boarding and onboarding of new employees.
• Eying to lead in the industry, the edible oil major Patanjali Foods Ltd is going to acquire Patanjali Ayurved's home and personal care business for Rs. 1,100 crore.