Funding in Indian startups this week (08 Oct- 13 Oct)


This week 12 Indian startups received funding, of which eight received a total sum of about $261 million. Among them, Zomato raised the highest investment of $210 million followed by Blackbuck, which raised $27.3 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Zomato: Foodtech platform Zomato has raised $210 million from Alibaba’s payments affiliate Alipay.

LetsTransport: Logistics startup LetsTransport has bagged a funding of $12 million in Series B round led by Fosun RZ Capital.

Innov8: Co-working space provider Innov8 has raised $4 million in pre-Series A round led by Credence Family Office. The Delhi-based startup’s existing investors also participated in the round. Online dating startup has raised a seed funding of $0.5 million from former Google India managing director Shailesh Rao, former Flipkart investment director Vinay Subramanian, FirstPenguin Capital’s Rehan A Khan.

GoZefo: Used goods marketplace GoZefo has raised around $3 million led by New York-based FJ Labs. Existing investors of the Bengaluru-based startup such as Sequoia Capital and Helion Venture Partners also participated in the round.

Blackbuck: Online logistics solution provider Blackbuck has raised $27.3 million in a fresh round from new investor Sequoia Capital with the participation of existing investors such as Accel Partners and Sand Capitals.

Truebil: Mumbai-based online marketplace for pre-owned cars Truebil has raised close to $1 million from Kalaari Capital.

Elawoman: Data-driven fertility service platform Elawoman has raised $3 Mn in a Series A funding round, led by Chiratae Ventures (formerly IDG Ventures India).

Undisclosed deals this week

Lending startup RevFin, Agri-tech company Sattvaponics, Organic products company Suminter India Organics, and Bookmybai did not disclose their financial details on funding.

READ  Meesho, Acko to receive fresh funding from SoftBank’s Kabir Misra’s new fund

Source: Entrackr

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