From July 1st to July 6th

In the first week of July, 24 Indian startups raised around $270.3 Mn in funding. These deals included 4 growth-stage deals and 20 early-stage deals. Check out the top deals of the week here!

Purple raises $1.25 billion by ADIA

Beauty and personal care platform Purplele has raised Rs 1,000 crore in a funding round led by Abu Dhabi Investment Authority (ADIA) in which other top investors also participated. The brand plans to open more offline stores with the funding to provide customers with more hybrid shopping options.

OYO raises $50 million from InCred

Hospitality unicorn OYO has raised $50 Mn (around INR 415 Cr) from financial services provider InCred. InCred will hold around 2.11% stake in OYO after the investment. OYO, meanwhile, plans to use the funding for its global expansion.

Matter raises $35 million with Helena

Electric vehicle maker Matter has raised $35 million in a round led by U.S. nonprofit Helena in partnership 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

Noida-based agritech startup Arya.ag has raised $29.2 million, or about 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 about Rs 2,700 crore, or $325 million.

Comet raises $5 million from Elevation Capital

D2C sports footwear brand Comet has raised Rs 42.3 crore, which is around $5 million, from Elevation Capital. The round of funding was raised in a Series A round, which was also the first round of investment for the Bengaluru-based company this year. The brand is likely to use the funds for capital expenditure, marketing, and general corporate purposes.

Other Mergers and Acquisitions

• Indian cryptocurrency exchange CoinDCX announced that it has fully acquired BitOasis, a Middle Eastern virtual asset platform. The two 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 worth Rs 271 crore.
• US-based technology company Phenom, with development centres in India, has acquired Tydy, a human resources technology startup that offers pre-employment and onboarding for new hires.
• With an aim to become a leader in the edible oils industry, Patanjali Foods Ltd. is set to acquire home and body care business Patanjali Ayurved for Rs 11 billion.