Date: 16 Feb, 2024
RC Thoughts
India's funding landscape accelerates with three consecutive months of incremental growth, marking a highlight in this financial year. A notable shift emerges as startups are now valued at fair prices, reflecting a newfound maturity in the market compared to the preceding year. While late-stage deals face a temporary slowdown amid a bullish stock market and receding foreign funds, the outlook remains optimistic. The stage is set for improvement as emerging companies meticulously craft profitability roadmaps, projecting listings in the next 3-4 years. This foresight creates an enticing entry point for early-stage investors in the upcoming financial year.
Startup Funding Scenario
Financial Year Funding in 2023-23
(Amt in $ Billion)
Stage-wise Funding in January 2024
Other News
InPrime Finserv, a tech-led NBFC, has raised $3 million in a Series A round led by Matrix Partners India. It also saw participation from existing investors, InfoEdge Ventures, Titan Capital, and Kettleborough VC. Read Here
Arzooo, an online e-distributor offering consumer electronics products raises an undisclosed amount in extended Series B funding. The funding round is an extension of the Series B funding announced in June 2022, where the company secured $70 million with venture capitals like SBI investment, 3 Lines, Trifecta, and DoorDash founder Tony Xu. Read Here
Children-oriented food brand, Slurrp Farm, with the support of Anushka Sharma, has successfully secured a fresh investment of $7 million. Read Here
Dairy brand Country Delight has raised $20 million in a series E round from new and existing investors. The funding for the Gurugram-based startup has come after a gap of more than 20 months. Read Here
Securities and Exchange Board of India - SEBIs Alternative Investment Funds Regulations, 2012 (AIF Regulations) have been amended with respect to AIFs holding their investments in dematerialised form and appointment of custodian. Read Here
RC Portfolio Companies Update
The Everest Fleet team & its driver partners were glad to have a chance to speak with Hon. Mr. Piyush Goyal, at Bharat Mobility Expo 2024. See Here
Bighaat, a global digital agri ecosystem, was recognised as one of the top 15 Agritech Startups Disrupting Agricultural Landscape by Inc 42 Media. Read Here
Lilac Insights, provider of management, diagnosis and counselling for genetic disorder for infant made a mark at the 48th Annual Meeting and International Conference of the Indian Society of Human Genetics (ISHG 2024) in Ahmedabad. See Here
Trezi, a VR-based visualization solutions introduces Lens Lite that transform your 3D models into immersive experiences at a price that's lite on your pocket. Look Here
Pitch to Us/ Pitch to RC
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Link: https://bit.ly/RockstudCapitalPitchToUs
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