Lysto nabs funding from BEENEXT, Better Capital, others and 13 India deal updates

NFT startup Lysto Thursday announced that it raised $3 million in seed capital from BEENEXT, Better Capital, and Cloud Capital.

The round  also saw the participation of Binny Bansal (co-founder, Flipkart), Sandeep Nailwal and Jaynti Kanani (co-founders, Polygon), Pradyumna Agarwal (Managing Director, Temasek), Nitish Mittersain (Founder, Nazara Games), Kunal Shah (founder, CRED),  Ashish Hemrajani and Parikshit Dhar (co-founders, BookMyShow),  Anupam Mittal (Shaadi.com), Ashish Gupta (founder, Helion Ventures), Kumar Sudarsan (founder, Qwikcilver), among others.

The funding will help with product development and allow Lysto to invest in the expansion of its team that will help achieve its mission of furthering and simplifying the adoption of NFTs, it said in a statement.

Founded in 2021, Lysto is building APIs, tools and infrastructure to enable the creation and distribution of NFTs across platforms with a few clicks or a few lines of code.

“NFTs are becoming an integral part of business and culture. With its applications across industries, it is a multi-billion dollar industry, which is largely restricted to digital art and collectibles currently. As the market expands, we see that every e-commerce player, every production (entertainment, gaming, animation), and every brand would want to launch NFTs to raise funds and monetise their offerings,” said Sadiq Ahamed, Founder & CEO of Lysto.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India announced from November 9-11, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
LystoBengaluru3 millionSeedBEENEXT, Better Capital, Cloud CapitalBinny Bansal, Sandeep Nailwal, Jaynti Kanani, Pradyumna Agarwal, Nitish Mittersain, Kunal Shah, Ashish Hemrajani, Parikshit, Ashish Gupta, Kumar Sudarsan InternetBlockchain
WakefitBengaluru27 millionSeries CSIGVerlinvest, Sequoia CapitalRetailE-commerce
CureFitBengaluru100 millionEquityZomato-Healthcare ServicesFitness & Wellness
CapGridGurugram550,000SeedAnicut Angel Fund, Axilor Ventures, First Cheque-RetailE-commerce
UnnatiNoida8.1 millionSeries AIncofin Investment Management, NabVentures, Orios-AgribusinessAgTech
MagicpinGurugram60 millionSeries DZomatoLightspeed Venture PartnersRetailE-commerce
Troo GoodHyderabad7.4 millionSeries AOAKS Asset Management-FoodE-commerce
Mosaic WellnessMumbai24 millionSeries ASequoia Capital IndiaElevation Capital, Matrix Partners IndiaHealthcare ServicesFitness & Wellness
Good Glamm (formerly MyGlamm)Mumbai150 millionSeries DProsus Ventures (Naspers), Warburg PincusStride Ventures, Alteria Capital, L’Occitane, Bessemer Venture Partners, Amazon, Ascent Capital, Mankekar Family OfficeConsumer ProductsBeauty & Hygiene
The Viral Fever (TVF)Mumbai2 millionDebtBlackSoil-InternetInternet of Things
Life Quest ClubsMumbai--GetVantage-InternetSocial Media
XpandDelhi1.5 millionPre-Series AAkash Prakash-Retail-
Codevidhya India Pvt LtdJaipur-SeedRajasthan Venture Capital Fund (RVCF), Digital Futurists Angels Network, Vinay Choudhary-Education/TrainingEdTech
ProdoDelhi405,540Pre-SeedLetsVenture, Titan CapitalAbhinav Sinha, Nimesh Kampani, Gaurav Ajmera, Prasun Choudhary, Saurabh Aggarwal, Abdul Pravengal, Saurabh SrivastavaRetailE-commerce

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.