By Aishwarya Anand Aug 30, 2021 8:56:27 PM IST (Updated)
Here’s a lockdown of top deals in the startup universe.
Magicpin valued at $165 million post fresh funding from Ritesh Agarwal: Report
Offline discovery and reward platform Magicpin has raised around $3 million in a new tranche led by Oyo’s founder Ritesh Agarwal through his personal special purpose vehicle (SPV) RA Holdings, Entrackr reported. Existing investors Lightspeed, The Bunting Family and Moonstone have also participated in the tranche. This is the second infusion by the trio in the past 15 months. They invested $3.9 million in the Gurugram-based startup in May 2020. Lightspeed and Agarwal have invested $1 million each in the company while The Bunting Family and Moonstone have put in the remaining amount.
Magicpin has raised the fresh capital at a post-money valuation of $165 million, the report added.
Accel launches Atoms programme to back early-stage startups
Accel India will launch the Atoms programme to identify and target early-stage startups at the pre-seed level. Through this programme, Accel will reportedly invest $250,000 in startups without taking any stake in the company.