Parsers VC - Weekly Funding / Startup / VC news of July 9, 2024

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Most Popular Venture Capital News

1. Purplle: A Rising Star in the Beauty Industry (Cited in 9 tech media)

Indian beauty platform Purplle Group has secured a whopping $120 million in funding, with the Abu Dhabi Investment Authority leading the charge. This funding signals a resurgence in big-ticket investments for Indian startups and a growing interest in the booming consumer sector.

2. Real Estate Boom in NCR and Mumbai: A Tale of Two Cities (Cited in 7 tech media)

A comparison of the real estate market in the National Capital Region (NCR) and Mumbai reveals contrasting trends in property sales and registrations. While NCR experiences a surge in new home sales and launches, Mumbai sees a significant rise in property registrations, indicating a robust market in both regions.

3. Oyo's Funding Journey: A Rollercoaster Ride (Cited in 5 tech media)

Oyo, the Gurugram-based hospitality unicorn, recently raised $50 million from InCred Wealth and Investment, marking its first funding in almost three years. The company issued Series G CCPS at an issue price of Rs 29 each, raising a total of Rs 416.85 crore. This funding will fuel Oyo's growth, global expansion, and enhanced business plans.

4. Zomato's Turbulent Journey: Navigating GST Challenges and Embracing ESOP Success (Cited in 5 tech media)

Zomato, the prominent player in the foodtech industry, finds itself at a crossroads as it grapples with a demand notice of Rs 9.5 crore from the GST department. This latest setback adds to the company's previous run-in with tax authorities, having received a substantial penalty notice of Rs 184 crore earlier. Despite these hurdles, Zomato has recently secured shareholder approval for a new Employee Stock Ownership Plan (ESOP) valued at an impressive $458 million. This move underscores Zomato's commitment to rewarding its employees and fostering a culture of ownership within the organization.

5. Pear Commerce: Revolutionizing Retail Ecommerce with $10M Series A Funding (Cited in 5 tech media)

Pear Commerce, a Minneapolis-based retail ecommerce enablement platform, recently secured a $10 million Series A funding round led by Stage 2 Capital. This investment will fuel the company's mission to transform shoppable media and enhance retail ecommerce strategies for consumer-packaged goods (CPG) brands.

6. Prodia Secures $15 Million Funding to Revolutionize AI Infrastructure (Cited in 5 tech media)

Prodia, a pioneering distributed network of GPUs for AI inference solutions, recently announced a significant milestone in its journey towards transforming the landscape of AI infrastructure. The company successfully raised a substantial $15 million seed round, with Dragonfly Capital leading the investment charge. This infusion of capital is poised to propel Prodia into a new phase of growth and innovation, enabling the development of scalable, affordable AI solutions powered by Web3 technology.

7. Odaseva: Leading the Charge in Enterprise Data Security (Cited in 5 tech media)

Odaseva, a San Francisco-based provider of an enterprise data security platform for Salesforce, recently secured $54 million in Series C funding, bringing their total funding to over $90 million. The funding round was led by Silver Lake Waterman, with participation from existing investors F-Prime, Eight Roads, and Serena Capital, as well as new investors Eurazeo and Crescent Cove. This influx of capital will support Odaseva's continued growth and expansion into new markets, with a focus on enhancing their data security and Zero Trust product offerings.

8. Prescribe FIT: Transforming Musculoskeletal Healthcare with Series A Funding (Cited in 5 tech media)

In a groundbreaking move, Prescribe FIT, a Columbus-based provider of remote patient monitoring technology and lifestyle health coaching solutions, has successfully secured $4.8 million in Series A funding. This significant investment marks a pivotal moment for the company as it continues to revolutionize the way musculoskeletal healthcare is delivered.

Last week's funding rounds

122 funding rounds, -14% from last week.

Total raised $5.89 billion, -60% since last week

Compare with the same week last year

Weekly report last year

Funding rounds +46% from last year

Total raised +134% since last year

Funding rounds in United States

• Odaseva Raises $54M Series C Round 

• Prescribe FIT Raises $4.8M Series A Round 

• authzed Raises $12M Series A Round 

• Sila Nano Raises $375M Series G Round 

• AS Magazine Raises $6.2M 

• Pear Commerce Raises $10M Series A Round 

• upGrad North America Raises $35M 

• ZeroEyes Raises $53M 

• GlassPoint, Inc Raises $2.5M 

• IndyGo Raises $22M 

• RareCyte Raises $20M 

• VenoStent Raises $20M Series A Round 

• Clay Raises $46M 

• Divergent Raises $47M 

• VenoStent Raises $3.6M Grant Round 

• Ollie`s Bargain Outlet Raises $625K 

• Kanvas Biosciences Raises $12.5M 

• Carv Raises $35M 

• Tembo Raises $14M Series A Round 

• K Health Raises $50M 

• ACE | Access to Capital for Entrepreneurs Raises $500K 

• Natcap Raises $10M Series A Round 

• Douglas Elliman Real Estate Raises $50M from Kennedy Lewis Investment Management 

• John E. Fogarty Foundation Raises $250K 

• 7-Eleven Raises $3M 

• Sift Raises $17.5M 

• Archer Raises $55M 

• nodaFi Raises $3.5M 

• Cartken Raises $22.5M 

• Vida Raises $3M Seed Round 

• Dice Raises $5.03M Series A Round 

Funding rounds in United Kingdom

• DNEG Raises $2B 

• GoJoe Raises $3.07M 

• Beacon Therapeutics Raises $170M Series B Round 

Funding rounds in India

• Purplle Raises $120M 

• Bank of Baroda Raises $128.1K 

• OYO Raises $50M 

• FirstCry.com Raises $217.6K IPO Round 

• Good Glamm Group Raises $119.8K IPO Round 

• Matter.in Raises $35M Series B Round 

• CollegeDekho Raises $9M 

• Awign Raises $24.5M Series C Round 

• Fabriclore Raises $1.6M 

Funding rounds in Canada

• eZinc Raises $31M 

• gaiia Raises $13.2M Series A Round 

• Polystyvert Raises $16M Series B Round 

Funding rounds in Germany

• Feather Raises $6.43M 

• Vytal | Reusable Packaging-as-a-Service Raises $6.65M 

• Bling.de Raises $11.99M 

• alcemy Raises $10M 

• planqc Raises $54.2M 

More funding rounds in the article…

Success Story

JOGO Health Success Story. 10 OOTB questions to founder Siva Nadarajah

JOGO Health recently raised $5.5M in funding. Success story to Siva Nadarajah in 10 out-of-the-box questions

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