This week in Indian Startups funding news (30 Oct-04 Nov)

funding

This week 19 startups received funding, out of which 12 were disclosed, who in total made a sum of $221.21 million. Among them, Avendus Capital raised the highest investment of $152 million, followed by Netmeds which raised $14 million.

Meanwhile, seven out of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Avendus Capital: Financial services firm Avendus Capital has raised about $152 Mn (Rs 980 crore) in a round led by mid-market private equity firm Gaja Capital and global PE buyout specialist KKR.

Meritnation: Online learning platform Meritnation has raised $5.87 million (Rs 38 crore) from Info Edge, an online classifieds portal.

funding

Kalpnik Technologies: Bengaluru-based Kalpnik Technologies has raised $0.5 million (about Rs 3.25 crore) from a clutch of angel investors at Venture Catalysts.

Netmeds: Online pharmacy marketplace Netmeds has secured an investment of $14 million led by Tanncam, a Cambodian investment holding company, which was joined by Sistema Asia Fund.

BigBasket: Bengaluru-based e-grocer BigBasket has raised $8 million (Rs 52 crore) from its four existing investors, including UAE-based Abraaj Basket, and others.

Lendingkart Finance: NBFC platform Lendingkart  Finance has raised around $24.9 million (Rs 162 crore) through both debt and equity fund.

Ola: Ola’s parent company ANI Technologies has pumped in $7.75 million (Rs 50 crores) in its cab leasing business Ola Fleet, according to the filings with the Ministry of Corporate Affairs.

EdGE Networks: Bengaluru-based EdGE Networks, an AI-driven HR tech solutions company, has secured $4.5 million in Series A funding led by Kalaari Capital with participation from Ventureast.

Cashfree: Bengaluru-based payments platform Cashfree has got $0.12 million in seed funding from US-based startup accelerator Y Combinator after the startup was selected for its Summer 2017 batch.

Gold Farm: Bengaluru-based agritech startup Gold Farm has raised a seed fund of $2 million from Mahindra Group and venture capital fund Infuse Ventures.

Prest Loans: New Delhi-based NBFC Prest Loans has raised $0.57 million (Rs 3.7 crore) capital.

Vagupu: San Jose, California- and Bangalore-based ed-tech startup Vagupu has raised $1 million in a seed funding round.

Undisclosed deal this week:

Pune-based e-fashion startup Benoit, Delhi-based Agriculture supply chain technology startup Gobasco, Mumbai-based consumer solutions startup OneAssist, daily fantasy sports (DFS) platform HalaPlay, An Aadhaar-based technology startup, AadhaarAPI, fresh produce supply chain management startup Freshboxx, and Mumbai-based Superhero Brands did not disclose their funding amount.

*Every week we round up startups that have received or announced fresh funding. Stay tuned for next funding weekly.

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

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