Zetwerk has raised funds, catapulting it into the club. The company officially announced the fundraise on Monday.
India’s startup ecosystem witnessed smaller funding rounds this week compared to the previous one.
Zetwerk is India’s 25th startup unicorn of 2021
Zetwerk Manufacturing has
raised $150 million in funding at a valuation of $1.33 billion, making the contract manufacturer the 25th Indian startup to achieve unicorn status this year.
The round was led by D1 Capital Partners. New investors Avenir and IIFL, and existing investors Greenoaks Capital, Lightspeed Venture Partners, Sequoia Capital and Accel Partners also participated.
The latest funding
comes six months after Zetwerk secured $120 million in a Series D round at a valuation of around $600 million.What’s the plan? Zetwerk CEO Amrit Acharya said the company will use the funds for building new technology, global expansion and strengthening its market leadership across industrial and consumer manufacturing supply chains.
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Khatabook gets $100-million funding
Digital book-keeping app Khatabook has
raised $100 million in its Series C round, led by Silicon Valley-based early-stage fund Tribe Capital and Moore Strategic Ventures (MSV). The latest funding round values Khatabook at $600 million, the company said in a statement.
ETtechAlkeon Capital, B Capital Group, Sequoia Capital, Tencent, Unilever Ventures, RTP Global, and Better Capital also participated in the round. Balaji Srinivasan, the former chief technology officer of Coinbase and an active investor, and Sriram Krishnan, general partner at Silicon Valley-based venture capital fund A16z, have invested in their personal capacity.
Camp K12 bags $12 million in funding
Ed-tech startup Camp K12 has
landed $12 million in its Series A round, co-led by Matrix Partners India and Elevation Capital.
The company will use the capital to hire leaders across functions, hyper-scale operations and marketing, and to build an engineering and product team. Camp K12 is an online school for 21st century skills and teaches coding, English and other STEM (Science, Technology, Engineering and Mathematics) topics to children (in the 5-18 age group) via live, interactive, gamified sessions. Students learn one-on-one with private teachers, or in small groups with friends.
Indiagold gets $12 million funding
Indiagold, a gold-based lending platform started by two former Paytm executives, has
picked up $12 million in fresh funding to make the most of the pandemic-induced surge in loans against jewellery.
PayU, the financial technology arm of Prosus NV and Alpha Wave Incubation led the fundraising, which also saw the participation of Better Tomorrow Ventures, 3one4 Capital and Rainmatter Capital as well as existing investor Leo Capital. The capital will be used for expanding operations across the country in the next two years.
Bewakoof raises $8 million funding
Bewakoof, a youth-focused direct-to-consumer brand, has
bagged Rs 60 crore (or $8 million) from InvestCorp, IvyCap and Spring Marketing Capital, with an aim to clock Rs 2,000 crore in sales by 2025.
The company, which has now raised a total of Rs 170 crore, will use the fresh capital to scale the business by investing in areas like branding, technology and talent.
Launched by Prabhkiran Singh in 2012, Bewakoof primarily sells apparel and footwear but plans to expand into activewear and innerwear apart from scaling its recently launched beauty products brand ‘Cosmos’.
Breathe Well-Being nets $5.5 million
Digital therapeutics company Breathe Well-Being has
raised $5.5 million in its Series A round, led by Accel.
General Catalyst, 3one4 Capital and Scott Shleifer, the global managing director of New York-based investment firm Tiger Global also participated in the round, said a senior company executive.
“We will use the capital to deepen our tech expertise in product development and in building out our platform and team across functions,” Rohan Verma, cofounder and CEO, Breathe Well Being told ET.
The Y Combinator-backed company, which started operations amidst Covid-19 pandemic, helps people prevent, manage and reverse Type 2 diabetes by using a personalised coach-driven approach.
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