This week in Indian Startups funding news (July 17 – 21)

Hevo Data

This week 18 Indian startups raised funding, out of which nine were disclosed, who in total made a sum of $47.27 million altogether from investors. Out of these nine Starups, five were Bengluru-based and four belonged to Delhi-NCR region.

Below is the summary of deals closed this week (July 17- 21):

List of disclosed deals this week

  • Increff raised $2 million from Sequoia, Grey Orange Robotics and angels is a business partner to Fashion and Lifestyle brands and retailers to deliver significant and sustainable increase in sales and inventory efficiency.
  • Vayana Network raised $4 million in from IDG Ventures India and Jungle Ventures, Vayana Network is a financing network that enables Businesses and their Trade Partners to capture their entire receivable and payable trades electronically and finance through Banks and Financial Institutions
  • RentoMojo raised $10 million in series B round from Bain Capital Ventures, Accel Partners and IDG Venturesoffers online rental service helping customers to set up home at easy and affordable rentals.
  • RainCan raised $272K in series pre-series A round from Prabodh Agarwal, Dr. Aniruddha Malpani  is an online micro-delivery and app-based subscription services for dairy, bakery,meat,fruits and vegetables. Company provide daily services of fresh products.
  • Trupay raised $700K from Kae Capital & others, is a secured bank agnostic-platform that offers financial services to its customers.

Funding

  • PlayAblo raised $600K from ABI-Showatech (India) Ltd, is a fast-growing Bangalore based Ed-Tech startup that specializes in providing engaging, gamified learning solutions to different consumer segments in India.
  • Aavas Financiers raised $20 million from International Finance Corporation is engaged in the business of providing housing loans, primarily in the un-served, unreached and under-served market which include the States of Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana and Delhi.
  • Brick2wall raised $200K from Subramani Somasundaram, Lazada founder Sundeep Sahni, and Mayank Mittal. Brick2wall is an online marketplace to buy building material online.
  • Annapurna Microfinance raised $9.5 million from Bamboo Capital Partners and existing investors, is a microfinance venture of people’s Forum which is more than two decades old development.

Nine Startups, who secured Undisclosed funding amount:

Ambee, Mobiquest, FableStreet, MonkeyBox, Monsoon CreditTechHypernova Interactive, Flytta Innovations, AirCTO and Ideal Insurance.

Every week we round up startups that have received or announced fresh funding.

(Keep reading and visiting Entrackr to stay updated of all the start-ups and latest technology news and Indian Startup Funding news weekly)

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