TLDR:
- Purplle raised USD 120 Million from Abu Dhabi Investment Authority
- OYO received USD 50 Million from InCred Wealth and Investment
A list of startups that secured significant funding from June 29 to July 5 has been compiled. Purplle, a Mumbai-based beauty brand, secured USD 120 million from Abu Dhabi Investment Authority (ADIA). Founded in 2012 by Manish Taneja and Rahul Das, Purplle aims to cater to beauty needs in tier II/III+ markets beyond metro cities. OYO, founded by Ritesh Agarwal in 2012, received USD 50 million from InCred Wealth and Investment. This Indian multinational hospitality chain offers leased and franchised hotels, homes, and living spaces.
Matter, an Ahmedabad-based startup founded in 2019 by Mohal Lalbhai, Arun Pratap Singh, Kumar Prasad Telikepalli, and Saran Babu, raised USD 35 million. The startup focuses on manufacturing premium electric motorcycles and has already launched its first bike in early 2023. Arya.ag, a grain commerce platform based in Delhi and established in 2013 by Prasanna Rao, Anand Chandra, and Chattanathan Devarajan, secured USD 29 million. The platform connects agri-producers and buyers while offering farmers auxiliary services through third-party lenders.
Rare Rabbit, a Bengaluru-based high-end fashion brand founded in 2015 by Manish Poddar and Akshika Poddar, received INR 150 Crore in funding. Dice, a platform for corporate spend orchestration and digital commerce, raised INR 42 Crore. The platform uses AI to streamline how businesses consume B2B goods and services.
