This week 15 startups received funding, out of which 13 were disclosed, who in total made a sum of $491.44 million. Among them Oyo Rooms raised highest investment of $250 million, followed by Ola, which raised about $156.3 million.
Meanwhile, two out of the total funded startups remained undisclosed.
Below is the summary of deals closed this week:
List of disclosed funding deals this week
Shubh Loans: Datasigns Technologies, which operates lending platform Shubh Loans, has raised $1.5 million funding in its pre-Series A round from SRI Capital, BeeNext and Pravega Ventures. Datasigns, which works for both borrowers and institutional lenders, has a mobile app, Shubh Loans, which helps borrowers generate proprietary individual credit score using traditional and secondary data points.
Ola: It has raised Rs 1000 cr ($156.3 million) in a debt funding from Yes Bank.
OncoStem Diagnostics: an oncology-focused startup, has raised $6 million from Sequoia Capital India Advisors. OncoStem is focused on developing innovative multimarker prognostic & predictive tests to enable personalized treatment planning for patients with cancer.
Power2SME: The IFC (International Finance Corporation), the private investment arm of the World Bank, has invested $10 million as equity in Gurugram-based Power2SME, a B2B online buying club for small and medium enterprises, which helps them to buy raw materials at bulk prices.
Paytm Payment Bank: The board of Paytm Payments Bank, which was launched in May has approved a Rs 60 crore rights issue for its existing shareholders, including its founder Vijay Shekhar Sharma, as per documents filed with Registrar of Companies (RoC).
GoFro: Online holiday marketplace GoFro, owned and operated by Bona Vita Technologies Private Limited, has raised about $10 million in its second round of equity financing.
Oyo Rooms: Budget hotel aggregator OYO has raised around Rs 1600 crore ($250 mn) from its existing investor SoftBank and Hero Enterprise. However, the company’s did not disclose exact terms of the latest round.
Aye Finance: Micro, small and medium enterprises (MSMEs) lender Aye Finance has raised Rs 44 crore rupee-denominated debt from the Netherlands-based Triodos Bank’s wholly owned asset management subsidiary Triodos Investment Management.
EarlySalary: An app that offers cash advances and short-term loans to young professionals, has raised its first round of debt financing of Rs 5 crore from IFMR Capital.
CreditVidya: A financial technology startup that leverages non-traditional data sources to provide credit scores to individuals has raised $5 million in its series-B round of funding from Matrix Partners.
Also Read: Ahead of IPO launch, Matrimony.com raises Rs 225 crore from anchor investors
Vulcan Express: Snapdeal has invested $23.7 million in its logistics arm Vulcan Express. This is the second round of internal funding for the supply chain solution firm.
Seniority: RPG Group invests $1M in Seniority to venture into senior care e-commerce
Lendingkart: Digital lending platform Lendingkart has raised $10.9 million from Singapore-based Sistema Asia Fund and existing investor. Bertelsmann India Investment, Mayfield India, Saama Capital, India Quotient and Darrin Capital Management also invested in the latest round.
Undisclosed deals this week:
Tailslife, an application which provides services for pets and Farmizen, an organic farming platform 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.
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