Unicorns

Rapido is India’s fourth unicorn of 2024 after raising $200m led by WestBridge

Nexus, Think Investments and Invus Opportunities also participated. 

Analysis

Investors splash cash as young India’s beauty craze grows

Indian beauty startups have shown promising paths to exit such as acquisitions or IPOs.

Analysis

India Deal Review: Startup funding tanks 52% to $1b in July

Deal volume increased to 119 in July from 94 in June riding on early-stage deal activity

Venture Capital

Indian SaaS fintech firm Credgenics sees valuation jump 3x after $50m fundraise

The firm was valued at $100m during its last Series A fundraising of $25m in 2021.

Deals

Indian edtech unicorn Physics Wallah buys 50% in Xylem Learning for $61m

The acquisition will help PW expand its footprint in south India.

Deals

India Digest: WestBridge said to have invested $200m in Freshworks; Investcorp to exit Safari

WestBridge typically invests in the $25-50m range.

Venture Capital

India’s NeoGrowth raises $36m from Dutch bank FMO, others

FMO has been investing in NeoGrowth Credit since 2017.

Unicorns

Indian bike taxi startup Rapido raises $180m funding led by Swiggy

TVS Motor, Westbridge, Shell Ventures, and Nexus Ventures also invested.

Venture Capital

India Digest: DealShare in talks to raise up to $200m; Tencent may back Pocket FM

The total funding raised by DealShare currently stands at about $183m.

Deals

Indian edtech LEAD School raises $30m in Series D round led by GSV Ventures, WestBridge

This marks GSV Venture’s first investment in the Indian edtech space.