The number of funding rounds of $100 million or more fell from 29 in the first quarter of the calendar year to 18 in the second quarter and just three in the third quarter (as of August 24). ).
With large PE and VC funds still betting cautiously in a volatile macroeconomic environment, the drought could last for some time. EV startup Euler Motors and e-commerce-focused logistics company Ecom Express led the funding charts this week.
Euler Motors raises $60 million led by GIC. Electric vehicle (EV) startup Euler Motors has raised $60 million in a funding round led by Singapore’s sovereign wealth fund GIC. His B2B e-commerce company in industrial products, he also joined Moglix, Blume Ventures, Atera Venture Partners (formerly Inventus India), QRG Holdings and ADB Ventures. Euler manufactures three-wheeled commercial vehicles that partner companies use for their logistics requirements.
Ecom Express raises $39 million from existing investors: E-commerce-focused logistics company Ecom Express has secured $39 million in funding from existing investors Warburg Pincus, CDC Group and Partners Group, according to regulatory documents obtained from business intelligence platform Tofler. became. Partners Group invested his $29 million, Warburg Pincus invested about $5.8 million, and CDC Group put in the rest.The company raised money from existing investors after struggling to attract new investors.
Vance Raises $5.8 Million in Seed Round: Global neo-banking platform Vance has raised $5.8 million in a seed round led by Hummingbird Ventures. The round also saw participation from Global Founders Capital, YCombinator, Soma Capital, and he’s veteran angels like Alan Rutledge and Gokul Rajaram. Founded in 2022 by Stanford dropout Perth Garg, Vance aims to transform the way global citizens engage in financial services.
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Agritech startup Falca raises over $3 million: Agritech platform Falca has raised over $3 million in a combination of pre-series A funding and debt and equity funding led by Inflection Point Ventures. Also in this round were his HNIs like LetsVenture and Mumbai Angels. The Rural Agritech Supply Chain Platform serves small and marginal farmers by providing services such as quality and reliable inputs, market linkages and storage solutions for the use of machinery in rentals, among others. We provide agricultural solutions.
Beauty startup Vanity Wagon raises $2 million: Beauty startup Vanity Wagon has raised nearly $2 million in pre-series funding at an $8 million valuation. Led by Agility Ventures Partners and Lotus Herbals Private Limited, the round included participation from Inflection Point Ventures, Venture Catalysts and other high net worth individuals (HNIs). The Delhi-based startup will use the funds to strengthen its market position, invest in brand building and expand its portfolio of own brands.