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This week in Indian Startups funding news (Aug 14-18)


This week 14 startups received funding, out of which six were disclosed, who in total made a sum of $14.93 million. Flipkart, which got a $2500 million from SoftBank was highlight of the last week and kept in different category.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Curefit has raised $3.2 million in Series A from Trifecta Capital Advisors LLP and Infosys co-founder Kris Gopalakrishnan’s Prathithi Investment Trust, is an innovative combination of engagement, coaching and delivery through a combination of online and offline channels. Both experiences, seamlessly integrated will provide end-to-end proactive health management to consumers.


DigiLend has rasied $311K from InCred Finance and Temasek-owned Fullerton, DigiLend is a marketplace that enables individuals to avail unsecured personal loans for different needs like education, travel, holidays, wedding, home improvement, debt consolidation, emergency needs etc.

RentOnGo has raised $234K from TVS Motor Company, is an online marketplace in India for rental of goods.

KNAB Finance has raised $386K from InCred, Krishnakumar Natarajan (Mindtree executive chairman) and Ravi Bhardwaj (senior VP, Sharjah Islamic Bank’s), is a non-deposit taking NBFC driven by a customer centric approach using technology to assess a business requirement need for finance.

Also read: Logistics startup Rivigo reportedly in talks to raise capital from Softbank


Swarna Pragati Housing has raised $7.8 million in Debt funding from State Bank of India (SBI), provides help for creating a society where everyone has a decent place to call home. It finances to increases access of the family to better health, education, livelihood opportunities, and participation in governance and raised the dignity of the individual.

MFI Margdarshak has raised $3 million in debt funding from BlueOrchard, is engaged in the business of financial inclusion in North India. MFSL is category B, non-deposit taking NBFC-MFI. MFSL is currently operating in 5 states, through a network of 120 branches spread across 33 districts of Uttar Pradesh, 9 districts of Bihar, 4 districts of Haryana, 3 districts of Himachal Pradesh and 1 district of Uttarakhand.

Undisclosed deals this week

Instamojo, DeTect Technologies, GoZefo, InI Farms, The Parfait Co., Sports Flashes, Bakers Circle and Get Simpl Technologies didn’t disclose the 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 of all the start-ups and latest technology news and Indian Startup Funding news weekly)

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