This week in Indian Startups funding news (Oct 09-14)


This week 18 startups received funding, out of which 14 were disclosed, who in total made a sum of $1.217 billion. Among them, Ola raised the highest investment of $1.1 billion, followed by PolicyBazaar, which raised about $77 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

MyGubbi: Bengaluru-headquartered MyGubbi, a fast-growing online home interior decor, and furnishing startup has raised $2.7 million in pre-series A funding in a round

Ola, the cab-hailing company has announced that it has closed $1.1 billion in fresh financing by China’s Tencent Holdings Ltd and existing investor Japan’s SoftBank.


EazyDiner, a Delhi-based online table reservation startup EazyDiner has secured Rs 30 crore in Series-B round of funding led by its existing investors, DSG Consumer Partners and Saama Capital.

Varthana: To expand its school transformation program (STP), Bengaluru-based school finance company Varthana has raised $3 million from the Michael & Susan Dell Foundation.

Meesho, an online marketplace for resellers, has raised $3.44 million (Rs 22.4 crore) in the latest round of funding led by SAIF Partners.

Chaayos, Gurugram-headquartered tea cafe chain startup Chaayos has raised around $2 million from its existing investor Tiger Global Management in an internal round of funding.

Policybazaar, Gurugram-based online insurance policy aggregator PolicyBazaar has closed its latest round of funding of Rs 500 crores led by global asset management firm Wellington Management, private equity firm True North and IDG Ventures India.Kinara Capital

Gapoon, an on-demand home service company has raised Rs 1.6 crore in its pre-Series-A round led by Vida Ventures with participation from independent investors including Snehal Mantri, director, marketing and HR at Mantri Group and Anshu Bahadur, a partner at Cognizant.

BigBasket, an online grocery firm has secured Rs 5.5 crore from one of its existing investors, Trifecta Venture Debt Fund.

Kinara Capital: Visage Holdings and Finance, which owns and operates Non-Banking Finance Company (NBFC) Kinara Capital, has raised Rs 96 crore in a funding led by private equity firm Gaja Capital

ParallelDots has raised $1.4 million from Multipoint Capital LLC. ParallelDots is a technology company that develops artificial intelligence solutions for developers, startups, and enterprises.

Veeba Foods, a manufacturer of specialty food ingredients has raised $6 million in series C round from Verlinvest, Samaa Capital, DSG Consumer Partner, and Sixth Sense Ventures

One Step Up has raised $366K. It helps students evaluate careers, subjects & their abilities. It matches student needs with tutors & colleges to help them reach their goals. categories.

StanPlus, a Hyderabad-based medical transportation start-up on has secured an investment of $1.1 million as Seed funding for a minority stake.

Undisclosed deals this week:

Fraud prevention startup ThirdWatch, solutions provider for Corporate Treasury and Trade Finance IBSFINtech, Repair & maintenance company for two-wheelers Let’s Service and agriculture supply chain company Agrowave, 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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