Top Fundings Of The Week

Funding is crippling in Indian startups, the burnt has been faced by the early-stage firms across the sector. Investors are very cautiously betting on the startups. Crippling winter funding season is about to hit the companies across the sectors. This week was no exception, as global funding has dropped sharply, and the overall funding environment is not conducive to attracting large private equity (PE) funds or venture capitalists (VC) to make large investments. It has continued the streak of not being able to garner investment in three-digits million.  

The number of $100 million and higher funding rounds has decreased from 29 in the first quarter of the calendar year to 18 in the second quarter and just three in the third quarter. This week's funding charts were led by EV startup Euler Motors and ecommerce-focused logistics firm Ecom Express.

Euler Motors Raises $60 Mn In Series C Round

Euler Motors, an electric vehicle company building commercial vehicles raises USD 60 million in its series C fundraise, led by GIC Singapore. The funding round also saw participation by Blume Ventures, Athera Venture Partners (formerly Inventus India), QRG Holdings, ADB Ventures and Moglix.

Ecom Express Secures $39 Mn From Existing Investors

Ecommerce-focused logistics agency Ecom Express secured $39 million in funding from current buyers Warburg Pincus, CDC Group and Companions Group, regulatory paperwork sources from enterprise intelligence platform Tofler confirmed. Companions Group invested $29 million, Warburg Pincus invested around $5.8 million, and CDC Group put within the remaining quantity.

Bengaluru-Based Tracxn Raises INR 139 Cr In Anchor Round

Tracxn Technologies has raised INR 139.22 crore in an anchor round. It is a Bengaluru-based market intelligence platform.  Tracxn is going public in an IPO, with the issue starting on Monday (October 10) and closing on Wednesday (October 12).

Vance Secures $5.8 Mn From Hummingbird Ventures

Global neo-banking platform Vance has secured $5.8 million in a seed round led by Hummingbird Ventures, Global Founders Capital, YCombinator, Soma Capital and seasoned angels such as Alan Rutledge and Gokul Rajaram also participated in the round.

HROne Raises $4 M In Series A Funding Round

HROne has raised $4 million which is around 33 crore (1 USD = INR 82.82) in the A series funding round led by Insitor partners. It is a ‘Human Resource Management (HRMS) System Startup which is a ‘Software as a Service platform’ (SAAS)  that helps in HR management. In the fundraising investment bank, Radix Capital Advisors was the financial advisor and the round saw the participation of the Prudent Investment Manager.