🇮🇳 Roundup: Good Glamm buys organic-cosmetics brand, and more

Startups in India, including Swiggy, Ola Electric, Smiles.ai, Stanplus, Hospals, Hypd, and Super Scholar, raised at least US$948.4 million in disclosed funding today from international and local investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

 Good Glamm acquires beauty brand Organic Harvest

Good Glamm, a beauty-focused startup, has bought a majority stake in Organic Harvest in an all-cash deal at a valuation of 280 crore rupees (around US$37.5 million).

Additionally, Good Glamm will invest up to 100 crore rupees (around US$13.4 million) in its operations, depending on the beauty brand’s growth over the next 18 months.

The deal marks Good Glamm’s seventh acquisition in the last 12 months.

BharatPe‘s BNPL business served 300,000 consumers in its first quarter

Postpe, the buy now, pay later service from fintech firm BharatPe, clocked 2,400 crores rupee (about US$321.5 million) in annualized total processing value (TPV) in the three months following its launch in October 2021.

Postpe aims to grow 2x by March this year and hit an annualized TPV of 4,500 crores rupees (nearly US$602.9 million).

Beyond BharatPe’s ecosystem, customers can use Postpe on platforms such as Swiggy, BookMyShow, Pharmeasy, Tata Cliq, and EazyDiner.

E-grocery firm Ninjacart hits US$815 million valuation

Ninjacart achieved the valuation after raising US$145 million from Walmart and Flipkart in a round where both invested US$72.5 million each.