Ati Motors raises $3.5m led by Blume, Exfinity Venture and 16 India deal updates

Ati Motors, an all-electric autonomous industrial vehicle maker, has raised $3.5 million in a funding round led by Blume Ventures and Exfinity Venture Partners.

MFV Partners and a syndicate on LetsVenture led by Livspace founder Ramakant Sharma also participated in the Pre-Series A round, Ati Motors said.

The pre-Series A funding will be deployed for manufacturing and deployment of a large fleet of autonomous vehicles in factories and warehouses, in both domestic and global markets, the company said on Wednesday.

Ati Motors had earlier raised a seed fund from Village Global — a Bay Area-based early-stage fund backed by successful entrepreneurs like Bill Gates, Mark Zuckerberg, and Jeff Bezos among others.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from July 14-18, 2021.

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StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
AnimallBengaluru14 millionSeries BNexus Venture Partners, SAI Global India FundWEH Ventures, Omnivore, Beenext, Rocketship, Deepinder Goyal, Sahil Barua, Vidit Attrey, Sanjeev Kumar, Mohit KumarRetailE-commerce
AquaconnectChennai4 millionPre-Series ARebright Partners, Flourish VenturesAgFunder, 6G Capital, Omnivore, HATCHAgribusinessAgTech
ZomatoGurugram562 million--Government of Singapore, Canada Pension Plan Investment Board, OMERS, BlackRock Global Funds, T Rowe Price, Fidelity, Aberdeen Global Indian Equity, Baillie Gifford, Steadview Capital, Goldman Sachs, Neuberger Berman, Abu Dhabi Investment Authority, Pinebridge Global Funds, Axis MF, HDFC Trustee, SBI MF, Aditya Birla Sun Life, ICICI Prudential, Kotak MF, Nippon Life India, SBI Life InsuranceLogistics/DistributionRestaurant Tech
The Ayurveda Company (TAC)Gurugram--invesGetVantage, Velocity, Shiprocket Capital-Consumer ProductsE-commerce
BHyveMumbai300,000-JITO Angel Network, LetsVenture-SoftwareHR Tech
MPOWER FinancingBengaluru100 million--Tilden Park Capital Management, ETS Strategic Capital, King Street Capital Management, Drakes Landing Associates, Pennington Alternative Income ManagementFinancial ServicesFintech Lending
TrellBengaluru45 millionSeries BMirae Asset, H&M Group, LB InvestmentsKTB Network, Samsung Ventures, Fosun RZ CapitalInternetE-commerce
SwiggyBengaluru450 millionSeries JSoftBank-Logistics/DistributionRestaurant Tech
SMOORBengaluru--Klub -FoodE-commerce
ArcanaBengaluru375,000SeedBalaji Srinivasan, Sandeep Nailwal, JD Kanani, Kendrick NguyenSantiago Santos, Kenetic Capital, AU21, and John Lilic; Siddharth Menon, Tamar Menteshashvili, Aniket Jindal, Arcanum CapitalSoftwareBlockchain
Sapio AnalyticsMumbai150,000EquityParthiv Group of Companies led by Rakesh Rathi-SoftwareAI and Machine Learning
LetsDressUp Gurugram300,000Pre-Series ATitan CapitalSequoia Capital, Lykke Capital, Hauz Khas Ventures, Sweta Rau, Kaushika Madhavan, Abhishek Malhotra, Anshuman Maheshwary, Saurabh Singh, Gautam MidhaRetailE-commerce
Ennoventure IncBengaluru5 millionSeries AFenice Investment Group-PackagingSaaS
UrbanKisaan Hyderabad--BASF Venture Capital GmbH (BVC)-FoodE-commerce
AdmitKardNoida1.3 millionPre-Series A-Vamsi Krishna, Pulkit Jain, Mayank Kumar, Gaurav Munjal, Roman Saini, Sumit Jain, Tanushree Nagori, Aditya Shankar, Ravi Sekhar, Akshay Saxena, Pankaj Chaddah, Suhail Sameer, Dhruv Dhanraj Bahl, Vijay Arisetty, Anand Chandrasekaran, Sameer Guglani, BCG Partners, MD of JPMorganEducation/TrainingEdTech
MultiplierBengaluru4 million-Sequoia Capital India’s Surge Golden Gate Ventures, MS&AD Ventures, Picus CapitalSoftwareHR Tech
Indi EnergyRoorkee (Uttarakhand)-SeedMumbai Angels Network-Energy Storage & Batteries
PankhuriBengaluru3.2 millionSequoia Capital India’s SurgeIndia Quotient, Taurus VenturesInternetSocial Media

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.