Select deals from last week:
🇮🇳 Global Bees, an India-based ecommerce aggregator, raised $112 million Series B becoming the latest unicorn in 2021. The new funding will go towards scaling portfolio companies, product innovation, talent and customer acquisition. VC investors had plenty of appetite for ecommerce aggregators (i.e. buyers of third party Amazon sellers and direct-to-consumer brands) in 2021. VC investment grew 10x to $7.9 billion.
🇮🇳 Mamaearth, an Indian online retailer of baby products, joined the unicorn club after raising $37.5 million from Sequoia and others. The company almost doubled its valuation to $1.2 billion from its last private round in July this year. Mamaeather currently operates in 500 cities and manages 100+ SKUs across skin care, haircare and baby care segments.
Other notable marketplace deals from the last week:
🇰🇷 StyleC, a South Korean marketplace for apparel, secured $8.4 million Series B.
🇺🇸 DiRx, online pharmacy, extended its Series A round by $4.3 million to $10 million. Explore 37 online pharmacy startups in this interactive landscape.
Read up on all the latest marketplaces deals in Dealroom.co
Exits:
🇩🇪🇪🇸 Delivery Hero entered into agreement to purchase 39% of equity shares in Glovo, resulting in a majority stake. Delivery Hero has been invested in Glovo since 2018, when they led Series C round. Since then Delivery Hero has increased its stake to 43%. As of today, Glovo has a GMV of EUR 3 billion and is a leader in Eastern Europe, Spain, Africa, among others. The combined entity operates in 70+ countries.
Read up on all the latest marketplaces exits in Dealroom.co
