Top Startup Funding Rounds This Week: June 29–July 5

Purplle: Founded in 2012 by Manish Taneja and Rahul Das, Purplle is a Mumbai-based brand catering to the beauty needs of customers in tier II/III+ micro-markets, extending its reach beyond metro cities. They secured USD 120 million in funding from the Abu Dhabi Investment Authority (ADIA).

OYO: Launched in 2012 by Ritesh Agarwal, OYO is an Indian multinational hospitality chain encompassing leased and franchised hotels, homes, and living spaces. The company received USD 50 million in funding from InCred Wealth and Investment.

Matter: Established in 2019 by Mohal Lalbhai, Arun Pratap Singh, Kumar Prasad Telikepalli, and Saran Babu, this Ahmedabad-based startup produces premium electric motorcycles. Matter launched its first bike in early 2023 and began accepting preorders in May 2023. They raised USD 35 million from investors including Helena, Capital 2B, Japan Airlines, Translink Innovation Fund, and Saad Bahwan Investment Management Company (SB Invest).

Arya.ag: Founded in 2013 by Prasanna Rao, Anand Chandra, and Chattanathan Devarajan, Arya.ag is a grain commerce platform that connects agri-producers with buyers. This Delhi-based startup provides farmers with auxiliary services such as debt and storage through third-party lenders. They secured USD 29 million in funding from Blue Earth Capital, Asia Impact SA, and Quona Capital.

Rare Rabbit: Started in 2015 by Manish Poddar and Akshika Poddar, Rare Rabbit is a Bengaluru-based high-end fashion brand specializing in designer clothing for men and women. They received INR 150 crore in funding from Gruhas, A91 Partners, and Vedant Fashion Founder Ravi Modi's family trust.

Dice: Launched in 2018, Dice is a platform that orchestrates corporate spending, digital commerce, and payments for enterprises using AI to enhance B2B goods and services consumption and spending management. They raised INR 42 crore from Dallas Venture Capital and GVFL (formerly Gujarat Venture Finance Limited).