Date: 19 Dec, 2023
In the age of information, access to success is what everyone is seeking. In the startup investments, Indian ecosystem is now showing signs of maturity where older VC firms are working on correcting their past mistakes and new age VC firms are pushing limits of founders to ask a question that how they want to see the India around them in next decade. Bullish markets have outshined the returns but on long term basis such results have been at 12-14% CAGR whereas the private markets have given results in the range of 20%+ CAGR returns over the same duration. Only difference has been liquidity, the illiquidity and patience is what rewards an investor and India’s next decade startup investing is all about it. Staying invested and holding long term will define the winners.
Startup Funding Scenario
Month-on-Month Funding in 2023
(Amt in $ Billion)
Stage-wise Funding in November 2023
Car servicing and repair startup GoMechanic has raised $6 million in a funding round led by an undisclosed investor and its existing shareholders. The cash-strapped and troubled startup was last acquired by Servizzy, a subsidiary of Lifelong Group in March 2023. Read Here
Travel fintech startup Scapia has raised $23 million in its Series-A funding round led by Elevation Capital and 3State Ventures. The round also saw participation from its existing investors, Matrix Partners India and Tanglin Venture Partners. Read Here
Electric bicycle maker EMotorad raised Rs 164 crore in a funding round led by growth-stage venture capital firm Panthera Growth Partners. The funding round also saw participation from startup scaling firm xto10x, venture debt fund Alteria Capital and existing investor Green Frontier Capital. Read Here
Clove Dental, a Chain of dental care clinics raised around $66 million in December 2022 in a round led by Investcorp, and the total investment raised by the group now stands at $116 million (Rs 963 crore). The funds would be used to rapidly grow the Clove Dental clinical network and develop a therapeutic oral care products range. Read Here
RC Portfolio Companies Update
NOTO: a healthy, low-calorie ice cream for the millennial Indian with an incurable sweet tooth. It’s a good-for-you ice cream that you can binge on, guilt free, launches the new product – Greek Yogurt Cheesecakes. Buy Here
SmartVizX which is Transforming Design Experience for the Building Industry, recently launched their new Product - Trezi's ConceptAI is your new secret weapon – turning hours into minutes, transforming ideas into stunning visual renders at lightning speed. Join the revolution where AI meets Architecture 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
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Date: 02 Dec, 2023