Ecommerce company GlobalBees and personal care brand Mamaearth have become the latest unicorns in what has been a phenomenal year for the Indian start-up ecosystem.
GlobalBees, backed by SoftBank, raised $ 111.5 million in a Series B funding round led by Premji Invest that valued the start-up at $ 1.1 billion. The cycle also saw the participation of existing investors including SoftBank and FirstCry, while Steadview Capital becomes the latest investor to back the company. GlobalBees is the second Thrasio-style startup to become a unicorn this year after Mensa Brands as demand for D2C brands online grows.
Honasa Consumer, the parent entity behind personal care brands such as Mamaearth and The Derma Co, has achieved unicorn status with its latest growth cycle. Led by Sequoia Capital, the company raised around $ 37 million under its Series F funding round this week. The company had raised $ 50 million for a valuation of $ 730 million in July.
With the addition of these two in the last week of the year, India created 43 unicorns in 2021.
Mensa Brands, launched six months ago by former Myntra CEO Ananth Narayanan, became India’s fastest unicorn and the first e-commerce brand aggregator to become a unicorn in November.
The local edtech start-up Byju’s is now the most valued Indian start-up, the 13th most valued start-up in the world and the most valued edtech start-up in the world.
According to data from Venture Intelligence, new-age digital start-ups made a record investment of $ 32.8 billion in 2021, as of December 17. By adding the investments raised during the other days of the month, this represents more than 200% from one year to the next. One-year (year-on-year) increase in startup funding compared to investments of $ 11.2 billion recorded in 2020. Investments in the Indian startup ecosystem in 2019 amounted to $ 13 billion of dollars.
The volume of transactions in 2021, according to the study, also increased by almost 28% year-on-year as of December 17. The number of transactions in 2021 was 1,009 compared to 788 transactions in 2020 and 879 in 2019.
The Venture Intelligence study said edtech decacorn Byju’s won the biggest investor round at $ 1.39 billion, with participation from Footpath Ventures, GSV Ventures, ADQ, Owl Ventures, B Capital Group, Prosus Ventures, Silver Lake and Blackstone, among others.
This was followed by the Dream11 gaming unicorn’s $ 840 million fundraiser from RedBird Capital Partners, Footpath Ventures, D1 Capital Partners, Falcon Edge Capital, DST Global, TPG Capital and Tiger Global.
Food delivery giant Swiggy’s $ 800 million fundraising round was the third-largest venture-led capital round in the startup ecosystem in 2021. Think Investments, Wellington Management, Prosus Ventures, Qatar Investment Authority, Falcon Edge Capital, Amansa Capital, Accel India, GIC, Goldman Sachs and others participated in the funding round.
Mumbai-based edtech Eruditus pocketed $ 650 million in August from investors such as Accel USA, CPPIB and SoftBank Corp.
The fifth biggest funding round came from social commerce unicorn Meesho, who raised $ 645 million from Footpath Ventures, Good Capital, B Capital Group, Prosus Ventures, Trifecta Capital, CapitalG, Fidelity India, SoftBank Corp and Symphony International Holdings et al.
Investment data in 2021 did not take into account the $ 3.6 billion raised by e-commerce giant Flipkart in July, which was the local e-merchant’s first capital increase since its takeover by the giant. of Walmart retail in 2018.
Also Read: GlobalBees Joins Unicorn Club With $ 111.5 Million Funding Led By Premji Invest
Also Read: Sequoia Is # 1 Global Unicorn Investor For 2nd Year In A Row: Hurun Research