Top Funding Of The Week


This week, a few ventures landed large-ticket deals worth more than $25 million. This week, companies raised about $314 million in funding across 12 funding deals. There has been a slump in fundraising as compared to the past few weeks. Amidst the funding winter, this week brings glaring hope for startups across the sectors.

Here’s the top funding of the week.

KKR To Invest $300 Mn In UPL’s Advanta

KKR, a global investment firm and UPL, a global agriculture solutions provider, announces the signing of definitive agreements under which KKR will invest $300 million for a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL and a global seed company.

Udaan Raises $120 M Through Convertible Debt Notes

Udaan raises $120 million through convertible debt notes and debt from existing shareholders and bondholders. After this round, the total funds raised by Udaan have crossed $350 million through convertible notes and debt in the last four quarters

Boat Raises Rs 500 Cr To Expand In Smart Watches, Withdraws IPO Plans

Imagine Marketing (parent company of boAt), announces its plans to fuel the expansion of its business given strong operating momentum across its categories. The company is raising Rs 500 crore from its existing shareholder, an affiliate of Warburg Pincus, a leading global private equity fund and new investor Malabar Investments.

DeHaat Raises Rs 366 Cr In Series E Funding Round

DeHaat an agritech platform raises Rs 366.6 crore in a funding round led by Sofina Ventures. This is the second round of funding and the company is based in Patna and Gurugram. According to the regulatory filing with the registrar of companies, the board at the company has passed a special resolution to 2,69,192 Series E preference shares at an issue price of Rs 13,620 per share to raise Rs 366 crore or $46 million

Northern Capital Raises $50 M From Dutch Bank FMO

Northern Capital a Non-Banking Finance Company (NBFC) raises $50 million through the issuance of non-convertible debentures from the dutch entrepreneurial development bank FMO. The funds raised will be allocated to address three critical UN Sustainable Development Goal that includes SDG 8(Decent Work and Economic Growth), SDG 5 (Gender Equality) and SDG 10 (Reduced Inequality).

Sequoia India Plans To Invest Over $50 M In K12 Techno

Sequoia India plans to invest over $50 million in K12 Techno services, an ed-tech startup that provides a variety of services to educational institutions and also manages it. K12 techno services have also raised $75 million in previous funding rounds.

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