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