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This week in Indian Startups funding news (Oct 02-07)


This week 15 startups received funding, out of which 12 were disclosed, who in total made a sum of $2176.55 million. Among them, Ola raised the highest investment of $2 billion, followed by Ekart, which raised about $98 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Farm Taaza has raised $8 million in series A round from Epsilon Venture Partners and Tara India Fund IV. Farm Taaza is a B2B startup which supplies products to retails shops, hotel, restaurant, and small firms.


Drivezy has raised $10 million from Das Capital, Axan Ventures, CrowdWorks, and IT-Farm. Drivezy is a Bengaluru-headquartered peer-to-peer car and bike sharing platform.

SlicePay has raised $2 million in series A round from Das Capital and Simile Venture Partners. Bengaluru-based fintech startup SlicePay enables college students to buy e-commerce products and services on monthly payment plans.

Oorjan Cleantech– Mumbai-based rooftop solar platform, Oorjan has raised $450,000 in seed funding led by Globevestor.

Yaantra has raised $3.1 million in bridge round from Carpediem Capital Partners & Duane Park. Yaantra sells refurbished multi-brand smartphones with warranty.

Gozefo has raised $9 Million in series B round from Sequoia Capital India, Helion Venture Partners and Beenext Pte. Ltd. A marketplace to sell and buy used goods, it currently serves two categories—appliances and furniture. Present in Bengaluru, Mysore, Delhi, Gurgaon, Noida and Mumbai.

CollPoll has raised $306k in seed round from Sprout Angels LLP and others. CollPoll runs a web and mobile-based platform that aims to bring all stakeholders in the education sector at one common place.

Little Black Book has raised $1 million from Blume Ventures, IDG Ventures, and Indian Angel Network. It is a Delhi-based Local recommendations startup for places, services and events curated city and lifestyle guide.

PhonePe– Flipkart’s UPI-based payment platform PhonePe has received $38.7 million in a fresh round of funding from its Singapore-based group entity Flipkart Payments Pvt. Ltd.

Ola– Bengaluru-based cab aggregator has raised $2 Billion in a fresh funding round from Chinese Internet giant, Tencent and Softbank Group Corp among other existing investors, according to a person familiar with the development.

YourStory Media has raised $6 million from UC-RNT Fund, Kalaari Capital, 3one4 Capital and Qualcomm Ventures. The company brings news & stories of entrepreneurs, funding analyses, resource pieces and a glimpse of emerging trends from India’s entrepreneurial ecosystem, as well as profiles of great businesses and entrepreneurs.

Ekart– Aiming to improve its product delivery, Flipkart-owned Ekart has raised $98 million funding from Klick2Shop. The investment has been done via its subsidiary Instakart Services Private Limited.

Undisclosed deals this week:

Bengaluru-based Elanic, an online platform that allows users to sell their used clothes online, Gurugram-headquartered Chqbook, a fintech startup and HomeCapital 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 with all the start-ups and latest technology news and Indian Startup Funding news weekly)

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