The fresh week of October brought some relief to the startup sector as the Indian startup ecosystem was able to draw $474 million (approx INR 3,357 crore) against last week’s poor performance with only $88 million in pocket.
One of the hottest deals of the week was commenced by Udaan, a B2B e-commerce platform, raising $585 million (approx INR 4,171) from Tencent, Lightspeed Venture partners, DST Global and a clutch of investors.
While, other startups, contributing into the funding galore are as follows:
- FinBox, a fintech startup, has bagged an undisclosed amount of funding as part of its pre-Series A round from Arali Ventures, with participation from angel investor Anup Pai.
- MEngage: Bollywood singer Sukhbir Singh, including other angel investors, have infused $100,000 (approx ₹71 lakhs) in MEngage, a platform that builds customised engagement apps for doctors through an extended seed round. While, Keshav Sharma, CEO, Metacube; Nikhil Chaudhary and Dipesh Singhal, Founders, Buren, also participated in the funding round.
- Khatabook, an accounting and business record-keeping startup, has raised $25 million (approx ₹177 crore) in series A funding from Partners of DST Global, Sequoia India, Tencent and others. While, prominent investors like Kunal Shah, Founder, Cred; Kunal Bahl, Co-founder, Snapdeal; Jitendra Gupta, Head at LazyPay; and Anand Chandrasekharan, former-Facebook member; were among others who participated in this round of funding for Khatabook.
- LoanTap, a fintech startup has raised $12 million in series B round of funding led by Avaana Capital. The current round also saw participation from existing investors including 3one4 Capital, India Quotient, Shunwei Capital, and Kae Capital.
- Matrubharti: A vernacular content startup Matrubharti, based out of Ahmedabad has secured INR 3.24 crore in an angel round of funding from NRI angel investors.
- TWID, a reward-based payments application has secured ₹10 crore as part of its seed round of funding from SCV LLC.
- MetroMedi: An online pharmacy and e-health store MetroMedi, has secured $1.5 million (approx ₹10 crore) in seed round from TK GP Rao, founder at TMT Group of Industries.
- Sleepycat, an online direct-to-consumer mattress and sleep-solutions startup, has bagged ₹11 crore in its first round of institutional funding led by DSG Consumer Partners, and Sharrp Ventures. While, Gemba Capital, and other angel investors participated in the round of Sleepycat.
- InstaDApp, a blockchain startup, has bagged $2.4 million (approx ₹17 crore) from clutch of investors including Pantera Capital.
- Shubh Loans, a digital lending platform, owned by Datasigns Technologies Private Limited, has raised ₹34 crore as part of its series A2 funding from Omidyar Network India, Saama Capital, Beenext, SRI Capital, and Pravega Ventures.
- CityMall, a vernacular social e-commerce platform, has raised an undisclosed amount of funding from Jitendra Gupta of Citrus Pay, Alvin Tse of Xiaomi, Manish Vij and Harish Bahl from Smile Group, Rishab Malik, former co-founder of Droom, Rajesh Sawhney of GSF and M&S Partners among other marquee investors.
Besides, other deals that surge the funding for the current week includes some early stage and late stage funding rounds.
- Fyle, a startup which provides expense management software has bagged $4.5 million (approx INR 31 crore) from Steadview Capital, Tiger Global, Freshworks, and Pravega Ventures.
- NoBroker, a tech-based real estate startup, has raised $50 million (approx ₹355 crore) as part of its series D funding led by Tiger Global Management, along with its existing investor General Atlantic.
- Clix Capital: AION Capital Partners Ltd, which is an existing investor in digital lending NBFC platform Clix Capital Services Pvt Ltd, along with other investors have infused $40 million (approx ₹280 crore) in Clix Capital.
- ScaleneWorks People Solutions: Hallmark Group (HG) has infused $1 million into a talent solutioning organisation ScaleneWorks People Solutions. The Bengaluru-based ScaleneWorks People Solutions plans to used the funding towards technology adoption and expansion.
- Dunzo: Accelerating its vision to be the largest commerce platform in India, hyperlocal delivery startup Dunzo, has bagged $45 million in a fresh round from Google, Lightbox Ventures, 3L Capital and STIC Investment & STIC Ventures.