Startup Newsletter – January 2024

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

If you're building something exciting that is catering to the youth of India then we would love to speak with you. Do reach out to us using the below link.
 Link:  
https://bit.ly/RockstudCapitalPitchToUs



Disclaimer — The article is made for informational purposes only and should not be regarded as an official opinion of any kind or a recommendation. It does not constitute an offer, solicitation or any invitation to public in general to invest in the stocks discussed. This article is confidential and privileged and is directed to and for the use of the addressee only. The recipient, if not the addressee, should not use this material if erroneously received, and access and use of this material in any manner by anyone other than the addressee is unauthorized. It shall not be photocopied, reproduced or distributed to others at any time. While reasonable endeavors have been made to present reliable data in the article, Rockstud Capital LLP does not guarantee the accuracy or completeness of the data in the article. Prospective readers are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. No part of this material may be duplicated in any form and/or redistributed without Rockstud Capital LLP’s prior written consent.

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