Select deals from last week:
🇺🇸 Faire, a SF-based B2B marketplace for merchandise, raised $400 million Series G at $12.4 billion valuation, a 77% increase since its last valuation in June. Launched in 2017, it hit the billion-dollar valuation two years later and doubled its valuation in 2020. This year, Faire reported a 3x year-over-year growth of GMV to $1.0 billion.
🇮🇳 Byju’s, an India-based tutoring platform, topped up its Series F round with $400 million at $18.5 billion valuation. This year alone, the company raised $1.7 billion in equity and $1.2 billion in debt. The capital was used to expand. The company announced 8 acquisitions in 2021, 2 of which in the US (Tynker and Epic!).
🇨🇦 Clutch, a Toronto-based car marketplace, raised C$100 million Series B. We've covered how chip shortage impacts online car marketplaces in a previous newsletter.
🇩🇪 Berlin Brands Group, raised $100 million at $1.8 billion valuation. Elevate Brands, another ecommerce aggregator, also secured $55 million in equity funding. Are ecommerce aggregators the Unilevers and Nestlés of the digital age?
Other notable marketplace deals from the last week:
🇺🇸 Daily Harvest, a NY-based direct-to-consumer (DTC) brand for frozen food products, reached a unicorn status after raising $77 million Series D. DTC has proved a winner of Covid-19, as seen in our recent foodtech report, as demand shifted online in 2020. This year alone startups in the category raised $3.0 billion, up 43% year on year.
🇺🇸 Farmers Business Network (FBN), a South Dekota-based B2B agritech marketplace, raised $300 million Series G at $1.8 billion valuation.
🇺🇸 GrubMarket, a SF-based farm-to-table company, raised $200 million Series F at $1.2 billion valuation. In 2014 the company started as a marketplace connecting consumers with local farmers, but in 2019 GrubMarket also launched a SaaS offering providing online ordering, inventory management, financial management and CRM tools. The CEO Mike Xu stated that "GrubMarket has already achieved an annual run rate of $1 billion, with over 300% growth this year in eCommerce revenues and over 3500% growth in SaaS software sales, while maintaining strong net profitability." Explore 25+ fram-to-table startups in this interactive landscape.
Read up on all the latest marketplaces deals in Dealroom.co
Exits:
🇮🇳 PharmEasy, Indian digital pharmacy, filed for a $5.6 billion IPO.
🇸🇪🇺🇸 Storytel, Swedish audiobook subscription service, to enter the US market through an acquisition of Audiobook.com. Last week Spotify acquired Findaway.
🇹🇷🇬🇧 The 10-minute grocery delivery service Getir will acquire UK-based rival Weezy. The market has been consolidation this year. More is expected to come.
Read up on all the latest marketplaces exits in Dealroom.co
