TICE Funding Index: Startup Investors Eye India's Next Big Thing

Cricket and funding frenzy? Is India's startup ecosystem hitting sixes with late-stage deals and big names like AB de Villiers joining the party? Dive in to see who scored big this week and how YOU can be a part of the action! Watch TICE Funding Index!

Swati Dayal
New Update

The Indian startup ecosystem is celebrating a double victory this week! Not only did the cricket team secure a thrilling win in the T20 World Cup, but the funding landscape also mirrored this success with a surge in investments. Let's dive into the latest funding news from July 1st to 5th, courtesy of TICE Funding Index, your one-stop shop for all things startup funding.

Late-Stage Deals Lead the Charge

According to Tracxn, a market intelligence platform, investor confidence has spiked, resulting in a significant influx of capital into promising late-stage startups. The latest quarter (April to June) witnessed a remarkable 45% increase in funding compared to the same period last year, with a staggering $3.2 billion injected. This steady and robust momentum bodes well for the future of Indian startups.

This Week's Funding Highlights:

  • Wify Secures Rs 25 Crore: Home maintenance and repair service startup Wify successfully raised Rs 25 crore ($3 million) from Mount Judi Ventures and Capria Ventures. This funding will fuel the expansion of their value-added services and strengthen their technology infrastructure.
  • Cautio Bolsters Safety Solutions: Safety and security solutions provider Cautio secured Rs 6.5 crore ($780,000) from Antler and 8i Ventures. This investment will be instrumental in deploying advanced safety solutions across India.
  • Pivot Robots Gears Up for Expansion: Pivot Robots received funding from NuVentures and other investors (undisclosed amount) to expand their team and explore innovative robotic solutions aimed at revolutionizing manufacturing automation.
  • Supply6 Scores Big with AB de Villiers: Health supplement startup Supply6 not only secured investment but also onboarded former cricketer AB de Villiers as their brand ambassador. This strategic partnership is expected to significantly boost their market presence.
  • Purplle Group Raises Rs 1,000 Crore: Leading beauty and wellness company Purplle Group secured Rs 1,000 crore from an ADIA subsidiary. The funds will be used to expand their offline stores and enhance their technological capabilities.

Across the Spectrum: Funding for Diverse Startups

This week's funding spree wasn't limited to a single sector. Here are some other notable investments:

  • Lifestyle Sneaker Brand Comet Raises $5 Million: Led by Elevation Capital, Comet secured $5 million in a Series A round to fuel their expansion and improve customer experience.
  • Bike Bazaar Secures Rs 25 Crore Debt: Two-wheeler financing platform Bike Bazaar secured Rs 25 crore ($3 million) from MAS Financial. This funding will further strengthen their vehicle loan services.
  • Dice Rolls the Dice with $5 Million: Enterprise spend management startup Dice raised $5 million from Dallas Venture Capital India Fund to enhance their technology and expand their customer base.
  • Matter Motor Accelerates Innovation with $35 Million: E-bike manufacturer Matter Motor secured a significant investment of $35 million in the first tranche of its Series B round, led by Helena. The funds will accelerate innovations in electric motorbikes.
  • OYO Secures $50 Million: Hospitality giant OYO received $50 million from InCred Wealth and Investment, valuing the company at $2.38 billion. This investment aims to solidify OYO's market position.

Beyond the Headlines:

  • Amocare Raises Pre-Seed Funding: Natural wellness brand Amocare raised Rs 3 crore ($400,000) to expand operations and develop new products in the intimate care sector.
  • Lohum Cleantech Invests in Battery Development: Lohum Cleantech, led by a Tesla veteran, is set to invest INR 1,000 crore in developing lithium-ion batteries with manganese. This project brings valuable expertise to the cleantech space.
  • Beyoung Aims for Growth: Udaipur-based D2C fashion brand Beyoung has set an ambitious target of Rs 650 crore in GMV over the next three years, focusing on affordable and trendy fashion.
  • Raises $29 Million: Agritech startup secured $29.2 million from existing investors, valuing the company at $325 million. The funds will fuel growth and expansion in the agritech sector.

A Thriving Ecosystem for Innovation

This week's funding news paints a vibrant picture of the Indian startup ecosystem. Startups across diverse sectors are attracting significant investments, showcasing the country's potential for innovation and growth. As aspiring entrepreneurs, this is an exciting time to be a part of the Indian startup landscape. Stay tuned to TICE News for all the latest funding updates and valuable insights to help you navigate your entrepreneurialThe Road Ahead: Funding and Beyond Remember, innovation thrives with information. So, subscribe to TICE News at and stay tuned for our next update. Until then, chase your dreams and watch them take flight!

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