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Razorpay leads startup present as deal-making gathers steam

Indian startups had a great last week as several early and growth-stage deals were announced.


Deal-making is on in full swing in the VC and startup ecosystem after the lull that followed the coronavirus outbreak. From early-stage rounds to growth-stage funding, multiple deals are getting signed across the spectrum.

Last week, Razorpay broke into the billion-dollar valuation club with a $100 million round led by GIC and its existing investors. Razorpay co-founder Harshil Mathur told Moneyconrol that the business jumped 300 percent in the last few months, buoyed by many offline businesses choosing to work with the company to sell online.

Fresh to Home, which operates in the direct-to-home category, is in talks with a clutch of investors to raise $130 million, media reports said.

Driven indoors by the pandemic, many consumers now prefer to order at home and stay away from markets, therefore opening up massive business opportunities for these players.

Paolo Alto-based Acceldata raised $8.5 million in its Series A round. The company helps large enterprises like GE Digital, PhonePe, Pubmatic and others manage their data better. Rohit Choudhury, Ashwin Rajeev, Raghu Mitra Kandikonda and Gaurav Nagar are the cofounders of the company.

Along with these, augmented reality startup, robotics firm Miko and Mumbai-based content platform Pepper all raised series A rounds from large VCs like Chiratae Ventures, Lightspeed Venture Partners, Sequoia and others.

First Published on Oct 18, 2020 11:13 am

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