🇮🇳 Roundup: Ecommerce roll-up unicorn backs three new firms, and more (Updated)
Update (January 11, 10:11 pm): Adds funding news of IppoPay
Startups in India including Rupeek, Recykal, IppoPay, Zeda.io, Pepper Farm, Glamplus, and Lincode collectively raised at least US$61.1 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:
Ecommerce roll-up unicorn backs three new firms
GlobalBees has invested in healthy-snack food manufacturer The Butternut Co., sustainable clothing company Mush, and sports and fitness equipment brand Strauss.
With these new deals, GlobalBees now has 11 direct-to-consumber brands under its portfolio. The ecommerce roll-up firm is eyeing investments in more than 100 brands across verticals in the next three years.
Last month, GlobalBees raised US$111.5 million in its series B financing round led by Premji Invest, marking its entry into the unicorn club after hitting a valuation of US$1.1 billion.
Bizongo acquihires college placement platform Hexa
The Hexa deal comes as Bizongo looks to boost its talent pool by 100 by the end of the year.
The B2B software-as-a-service platform is expanding its product, engineering, and sales team as it eyes launching new products in the made-to-order segment.
Bizongo recently bagged US$110 million in a Tiger Global-led series D round.
LazyPay launches prepaid credit card
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