[the_ad id="83613"]

This week in Indian Startups funding news (Sep 04-09)


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.

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

Send Suggestions or Tips