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  Cleartrip ramping down India operations by laying off 80-100 employees

Source: Entrackr

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