Weekly Funding Insights

Hey there!

Here are some interesting insights on the funding activity that happened over the last week.

Over $23.7B were invested in 325 companies worldwide.


Performance Metrics of companies that got funded last week


Funding round that caught our eye

Swiggy

2014 | India | $2.4B

💰 Raised $800M in Series J led by Goldman Sachs, Think Investments, Amansa Holdings, Falcon Edge Capital, Carmignac

Swiggy is an on-demand food delivery platform that brings food from neighborhood restaurants directly to customers' doors.

Swiggy eyes its plan of expansion to user base of over 500M over the next 15-20 years. Both Swiggy and its rival Zomato saw a demand peak in Dec’20 after recovering from lockdown as seen by the surge in its app ratings seeing a 25% MoM uptick.

Swiggy’s Competitive Landscape


Noticeable companies that raised funding

ShareChat

2015 | India | $825M

💰 Raised $502M in Series E led by Lightspeed Venture Partners, Tiger Global Management

ShareChat is a social networking and regional content platform.

Kavak

2016 | Mexico | $883M

💰 Raised $485M in Series D led by Bond, Founders Fund, D1 Capital Partners, Ribbit Capital

Kavak is an online platform that offers insight into buying and selling used cars.

PharmEasy

2015 | India | $652M

💰 Raised $323M in Series E led by TPG Growth, Prosus Ventures

PharmEasy is a health tech startup offering services such as teleconsultation, medicine deliveries, and diagnostic test sample collection.

Meesho

2015 | India | $515M

💰 Raised $300M in Series E led by SoftBank Vision Fund

Meesho operates as an online reselling platform that enables anyone to start a business without investment.

Oda

2013 | Norway | $371M

💰 Raised $265M led by Prosus Ventures, SoftBank Capital

Oda is an online grocery that specializes in the logistics industry and offers door-to-door delivery service.

CRED

2018 | India | $472M

💰 Raised $215M in Series D led by Falcon Edge Capital, Coatue

CRED is a members-only credit card management and bill payments platform that rewards users every time they pay their credit card bills.

OneTrust

2016 | United States | $920M

💰 Raised $210M in Series C led by SoftBank Vision Fund

OneTrust helps companies manage privacy, security, and governance requirements in a regulatory environment that constantly changes.

OneStream Software

2010 | United States | $700M

💰 Raised $200M in Series B led by D1 Capital Partners

OneStream Software is an independent software company that develops a financial planning and analysis software.

Ramp

2019 | United States | $320M

💰 Raised $115M in Series B led by D1 Capital Partners, Stripe

Ramp is a technology company that develops corporate cards designed to save money for businesses.

Redis Labs

2011 | United States | $356M

💰 Raised $110M in Series G led by Tiger Global Management

Redis Labs provides an in-memory database platform for applications and different services.

Note: Alexa Reach per million is the number of people visiting the website on a daily basis out of 1 million people chosen from a larger sample set.