Mergers, Acquisitions and Funding Round-up this week: July 28 to August 3

This week saw the equivalent of 32 Indian startups with around $341 million in funding. These deals count 6 growth-stage deals and 22 early-stage deals while 4 early-stage startups kept their transaction details undisclosed.

Rapido rolls into the unicorn club with $120 million from WestBridge

Rapido, an Indian bike-taxi startup, has reached unicorn status with a $120 million funding round led by WestBridge Capital. This milestone will fuel its expansion and strengthen its market position.

Navi Finserv closes $38M personal loan securitisation deal with JP Morgan

Navi Finserv has completed a $38 million personal loan securitization deal with JP Morgan. This transaction is set to boost Navi's financial flexibility and growth prospects.

New Delhi-based NBFC firm Clix Capital raises Rs. 220 crore in equity funding

New Delhi-based NBFC Clix Capital has raised ₹220 crore in equity funding. The capital infusion will support its growth and expansion plans.

Fintech firm BharatPe raises $10 million debt

Fintech firm BharatPe has secured $10 million in debt funding. This capital will help accelerate its growth and enhance its offerings.

Sportstech Platform KheloMore Bags $2M To Launch Cricket Academies

Sportstech platform KheloMore has raised $2 million to launch cricket academies and expand its coaching services. The funding will support its growth and development in the sports sector.

BluPine Energy secures Rs. 239 cr financial assistance from Tata Capital

Blupine Energy has secured ₹239 crore in financial assistance from Tata Capital. This funding will support its energy projects and expansion plans.

EV startup Simple Energy raises $20 million in Series A funding round

EV startup Simple Energy has raised $20 million in a Series A funding round. The capital will accelerate its growth and development of electric vehicle technology.

e-Luna maker Kinetic Green raises $20M from Greater Pacific Capital

Kinetic Green, the maker of e-luna, has secured $20 million in funding from Greater Pacific Capital. The investment aims to boost the company's growth and expansion efforts.

Meragi Bags $9.1M from Accel for Wedding Service Expansion

Meragi has raised $9.1 million from Accel and other investors to enhance its wedding service offerings. The funds will support the company’s expansion and growth in the wedding industry.

D2C Fitness Brand Boldfit Ropes In Cricketer KL Rahul As Investor

D2C fitness brand has brought cricketer KL Rahul on board as an investor. This move aims to boost the brand’s visibility and growth. Rahul’s involvement is expected to drive further interest and investment in the fitness sector.

Sports Tech Startup Game Theory Lands Funding from Pullela Gopichand and Others

Sports tech startup Game Theory has secured funding from badminton legend Pullela Gopichand and other investors. The investment will support the company's growth and innovation in sports technology.

Cogniquest Bags Funding To Help Enterprises Generate Insights From Complex Documents

CogniQuest has secured funding to assist enterprises in generating insights from complex documents. The investment will enhance the company’s capabilities in document analysis and data extraction.

IIFL Fintech Fund Picks Up 10% Stake In GenAI Startup Vitra.ai

IIFL Fintech Fund has acquired a 10% stake in GenAI startup Vitra AI. This investment aims to bolster Vitra AI’s growth and development in the artificial intelligence sector. The partnership is expected to drive innovation and expansion for Vitra AI.

Mergers and Acquisitions

• Infibeam Avenues shares rise following the acquisition of the stake in Rediff.com India.
• SaveDesk acquired a 90% stake in Fairexpay to enhance its fintech capabilities.
• Nazara Technologies is now the 8th largest global gaming acquirer.
• The Viacom18-Star India merger is set to proceed as planned in October.

Other News

• Zomato is launching 'District,' a new app integrating dining, sports ticketing, live performances, shopping, and staycations to enhance its lifestyle services.