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This week in Indian Startups funding news (Sep 11-16)


This week 19 startups received funding, out of which 11 were disclosed, who in total made a sum of $242.01 million. Among them Janalakshmi Financial raised highest investment of $161 million, followed by Ecom Express, which raised about $30 million.

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

Unacademy: Online learning platform Unacademy has raised $11.5 million in a Series B financing led by Sequoia Capital India and SAIF Partners. Existing investors Nexus Venture Partners, Blume Ventures and a few angels also participated in the round.

GlowRoad: Bengaluru-based GlowRoad, a women-centric C2C (customer-to-customer) reseller network, has raised $2 million in its Series-A funding round from Accel Partners.

OYO Rooms: Budget hotel platform OYO Rooms has secured $10 million strategic investment from multi-billion dollar hotel management firm China Lodging. According to media reports, China Lodging has picked-up less than 5 percent stake in the Gurugram-based company.

Get My Parking: Cloud-based startup Get My Parking, that uses Internet of Things (IoT) for its smart parking platform, has raised $3 million funding from BEENEXT, IAN Fund and Indian Angel Network.

Tonbo Imaging: A Palo Alto and Bengaluru-based defence technologies startup, has raised $17 million in series B financing led by WRV Capital, the largest private venture investment in the domestic defence technology space.



CallHealth Services: A Hyderabad-based healthcare service aggregator, has raised Rs 40 crore in a funding round led by former Indian cricketer Sachin Tendulkar, along with other sports stars such as badminton player PV Sindhu, and former badminton player Pullela Gopichand.

Ecom Express: E-commerce-focused logistics solutions provider Ecom Express has raised Rs 192 crore from existing investor Warburg Pincus, an affiliate of global private equity firm.

Wheelstreet: Bengaluru-based Online motorbike rental aggregator Wheelstreet, which was a part of the Y Combinator Summer 2017 cohort, is reported to have raised $120K from the US-based seed accelerator.

3Hcare.in: A health tech company has raised $0.1 million in angel round

Freight Tiger:A building technology tool platform, which enables stakeholder to make transaction easier and simpler has raised $1.09 million.

Janalakshmi Financial has raised an investment of $161 million.

Undisclosed deals this week:

Finova Capital, A non-banking financial company, Sattviko, a Delhi-based a healthy food dining chain, WittyFeed, a viral content marketing platform, Edtech XPrep, Delhi-based co-working startup Creator’s Gurukul, Agritech Ergos, TBS Planet Comics and chatbot AskArvi.com 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 of all the start-ups and latest technology news and Indian Startup Funding news weekly)

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