This week in Indian Startups funding news (Aug 21-25)


This week 17 startups received funding, out of which 11 were disclosed, who in total made a sum $253.36 million. Six deals remain undisclosed. Delhi-NCR closed highest 7 funding deals followed by Bengaluru, which seized 5 deals. Top two deals were Just Buy Live and Druva with $100 and $80 million respectively.

Meanwhile, eight out of the total funded start-ups remained undisclosed.

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Capital Float has raised $45 Million in series C round, Ribbit Capital, Sequoia Capital, SAIF Partners and Creation Investments, is an online platform that provides working capital finance to SMEs in India. It offers flexible, short-term loans that can be used to purchase inventory, service new orders or optimize cash cycles.


Rootefy has raised $187K from Abhinav Gupta (Director BNB Group, Rootefy brings to you the easiest way to buy trusted construction material and home decor online.

Druva has raised $80 million from Riverwood Capital. It offers a cloud-first platform for data availability and information governance.

Ezetap has raised $16 million from JS Capital Management, Social Capital and Horizons Ventures.

Just Buy Live has raised $100 million in series B from Ali Cloud Investment, is an e-distributor platform that connects shopkeepers with consumer brands and distributors. It supplies goods directly from brands to retailer.

Cerebroz Edutree LLP has raised $734K in seed round from Dubai-based HNIs, EduTree TV ad replacer that converting an idiot box to a genius box. EduTree is an innovative educational device that replaces TV ads with complete K12 educational video. Saving kids from harmful ad effects white simultaneously educating them. EduTree can also use as Wi-Fi router and also eliminates the need of educational tablets.

Bira 91 has raised $8 million in series C from Sequoia Capital India.

Bombay Shaving Company has raised $2.3 million in pre-series A from Fireside Ventures, is a Men’s grooming start-up.

Awign Enterprises has raised $140K in angel round from HNIs, is an operations and manpower outsourcing startup, Outsourcing needs of multiple industries are converted into live projects and assigned as virtual internships to grad/undergrad students across India.

MilkBasket has raised $500K in pre-series A from Blume Ventures, Lenovo Capital and Incubator Group, is a micro delivery startup which delivers milk, bread, eggs, butter, juices and other daily need items, every morning as demanded any time before midnight on the doorstep of the customers.

Indiez has raised $500K in seed round from True North partner Haresh Chawla, is an intelligent platform that manages an invite-only community of tech & design freelancers.

Undisclosed deals this week

EasyGov, GoMechanic, Uniphore, KK Milk Fresh, Crowd4Test and Flochat 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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