Funding down 47% on the week
Start-ups raised c.USD 101mn across 15 rounds, against USD 191mn the week before. Home & living took the largest share at USD 26mn.
Research and News
Funding this week
$100.5mn
prior weeks $191mn · $256mn · $260mnStart-ups funded
15
all early-stage equity roundsM&A deals
1
Quill Classes → Lattice LearnIPO listings
3
0 more open next weekBrent slips to $65
Crude moved -0.8% on the week; consumer brands with heavy packaging and freight costs watch the second half closely.
Inflation at 3.9%, policy rate at 5.50%
The latest CPI print came in at 3.93% year on year, keeping the real policy rate positive at 1.6 pp. Philippine CPI is running at 4.2%.
Deals & Exits
Kalamansi InteriorsHome & living$18.8mn
Kaveri CreditFintech@ $103.1mn$14.3mn
Kokum BasketQuick commerce$10.7mn
HalcyonSkinBeauty & personal care$7.3mn
Halcyon NestHome & living$7mn
IPO action
Clearwater Diagnosticslisted Oct 1−11.2%
Northgate Pipeslisted Sep 30−6.9%
Saffron Rail Systemslisted Sep 30+28.1%
Markets
Plattr Foods$21.0bnEV/EBITDA 73.3x+4.0%
Dashkart$10.3bnEV/EBITDA NM−10.0%
Bazaaro$8.4bnEV/EBITDA 106.4x+3.8%
Optiqa Eyewear$7.7bnEV/EBITDA 30.6x−1.8%
Shieldbay$5.9bnEV/EBITDA 49.2x+3.7%
Glowra$5.7bnEV/EBITDA 52.7x−1.0%
Indices, 1 week
India Large-Cap 50 −1.3%India Benchmark 30 −0.5%India IT −0.9%India Consumer −0.4%
Macro
USD–INR85.21+0.5% 1w
Brent$65.18−0.8% 1w
10Y G-Sec6.20%−9bp 1y
FII flows$-478.6mnnet selling 1w
Portfolio Mentions
Furrow Pet launches a private-label range of fresh pet foodFurrow PetFounders' Brief · 04 Oct
Hearthly launches fixed-price renovation packages for resale flatsHearthlyThe Bharat Dispatch · 03 Oct
Bayani Mart opens 10 new stores in Laguna in a single monthBayani MartKopi Times · 03 Oct
Tidewave Brands takes its skincare range into 5 large-format storesTidewave BrandsThe Ledger Daily · 02 Oct
Furrow Pet opens its 188th pet care store, in ChandigarhFurrow PetRetail Pulse Asia · 01 Oct
+ 17 more stories this week