DealShare is 5th unicorn of 2022🦄, LeeFixel's 2nd bet in India💰, Curefoods 🤝🏻 Maverix

DealShare turns unicorn, SuperOps.ai raises from LeeFixel's Addition, Curefoods acquires Maverix, Funding Deals & more.

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Jan 28, 2022

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DealShare turns unicorn; raises new round at $1.6 Bn valuation🛒

Grocery and essentials-focused social commerce startup DealShare has raised around $130 million in its Series E round that pushed the company into the coveted club of unicorns.

DealShare is the fifth startup to gain unicorn status in 2022.🌟

Sankar Bora, Vineet Rao, Sourjyendu Medda and Rajat Shikhar, founders, DealShare

Tiger Global has invested $39.1 million in the round followed by Alpha Wave, Kora Investment, DF International Partners and Twenty Nine Capital Partners which put in $31.3 million, $27.4 million, $19.6 million and $11.7 million respectively.

Jaipur-based DealShare is an inventory-led platform that manages the supply chain and logistics in bigger cities. Currently, it has a presence in 10 states and over 100 cities and is targeting to expand to 20 states and 300 cities and towns.

DealShare directly competes with CityMall, Meesho (via Farmiso) and a few others. To take on DealShare and CityMall, SoftBank-backed Meesho is also gearing up to expand the reach of its grocery deliveries.

Lee Fixel’s Addition makes its 2nd India bet, invests $14 mn in SuperOps.ai💻

SuperOps.ai, a professional services automation (PSA) and remote monitoring and management (PMM) company, has secured $14 million in Series A funding round which was led by Addition and Tanglin Venture Partners.

Lee Fixel-led Addition, a $1.3 billion venture capital fund launched in 2020, last year, pumped $125 million into IPO-bound logistics startup Delhivery.

SuperOps.ai founders: (L to R) Jayakumar Karumbasalam and Arvind Parthiban

Founded in 2020, US-based SuperOps.ai provides an intelligent automation platform for Managed service providers (MSP). MSP software refers to an IT product managing a wide range of business services for clients, like a virtual assistant.

As per the company, the global managed services market is projected to grow from $243.33 billion in 2021 to $557.10 billion in 2028 at a CAGR of 12.6%.

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Curefoods merges with rival Maverix to create cloud-kitchen giant👨🏻‍🍳

Cloud kitchen startup Curefoods has merged with rival Maverix whose backers include Accel Partners, Swiggy and Zephyr. Curefoods will be valued at about $280 million, or about Rs 2,100 crore, post the merger.

Curefoods and Maverix merge to form cloud kitchen giant

Following the merger with Maverix, which operates over 50 outlets across Delhi, Mumbai, and Bengaluru, Curefoods will have 125 kitchens across 12 cities, making it one of the largest cloud kitchen players in the country. It will absorb three brands of Maverix and about 500 employees as part of the deal.

Maverix was founded in 2015 by Shripad Nadkarni and Shree Bharambe. They will now take up key roles at Curefoods.

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