Funding in Indian startups this week (17 Sep-22 Sep)

0
255
funding

This week 17 Indian startups received funding, of which twelve received a total sum of about $286 million. Among them, ShareChat raised the highest investment of $100 million, followed by Livspace which raised about $70 million.

Meanwhile, funding for five of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Qbera: Fintech lender Qbera has raised $3 million in all equity deal from E City Ventures, a subsidiary of Essel Group.

DailyNinja: Milk and grocery delivery startup DailyNinja has raised about $5 million led by Matrix Partners with participation from existing investors Sequoia India and Saama Capital.

Leena AI: HRTech startup Leena AI, which recently graduated from Y Combinator, has raised about $2 million seed fund from investors including Elad Gil, Snapdeal founders-Kunal Bahl, Rohit Bansal, Fundersclub, cathexis ventures, and others.

ShareChat: Vernacular social networking app ShareChat has raised about $100 million led by Shunwei Capital, existing investors also participated.

Livspace: Online home decor startup Livspace has raised $70 million in its Series C round of funding led by private equity firm TPG Growth and Goldman Sachs.

Ola: Ride-hailing firm Ola has raised $50 million from Hong Kong-based Sailing Capital (SC) and the China-Eurasian Economic Cooperation Fund (CEECF).

DocPrime: Policybazaar group has infused $50 million into the healthcare venture DocPrime.

Cyclops Medtech: Medtech startup Cyclops Medtech has raised $1 million in a fresh funding round led by Unitus Ventures and existing investor CP Bothra.

NewsBytes: Media startup NewsBytes has raised $1 million in its pre-Series A round of funding led by German publishing firm Mueller Medien’s investment arm MM Inno GmbH.

READ  AIB co-founders Tanmay Bhat and Gursimran Khamba removed from Amazon’s original series

Parkwheels: Smart parking system enabler Parkwheels has $0.16 million in its seed round of funding from 91Springboard, Amit Lakhotia, and others.

Mate Labs: Bengaluru-based AI start-up Mate Labs, which provides solutions for non-developers and businesses, has raised $0.55 million in seed funding from Omphalos Ventures India LLP and others.

Avenue11: Bengaluru-based O2O grocery startup Avenue11 has raised about $3.6 million from Brand Capital, the strategic investment arm of the Times Group.

Undisclosed deals this week

Knocksense, CleanseCar, Togedr, Sheroes, and Xplorabox did not disclose their financial details on funding.

Source: Entrackr

 

Comments

comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.