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This week in Indian Startups funding news (Oct 16-21)

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This week only nine startups received funding, out of which eight were disclosed, who in total made a sum of $74.09 million. Among them, BankBazaar raised the highest investment of $30 million, followed by RenewBuy which raised $9 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

RenewBuy: Gurugram-headquartered RenewBuy has raised Rs 60 crores ($9.2 million) in its second round of funding by the growth-stage investment firm Amicus Capital.


KrazyBee: Bengaluru-based microlending platform KrazyBee, primarily focused towards purchase finance, has raised $8 million in its Series-A round led by Chinese smartphone-maker Xiaomi Technologies and Shunwei Capital.

Fingerlix: Mumbai-based ready-to-cook (RTC) food brand Fingerlix has secured Rs 45 crore ($7 million) in its third round of funding from Accel Partners.

BankBazaar: Financial marketplace BankBazaar has raised $30 million from Experian, a UK-based credit rating agency and information management company in its Series-D round of funding.

BlackBuck: Online-logistics solution BlackBuck has raised Rs $7.69 million from InnoVen Capital, the venture debt arm of the Singapore Government’s sovereign fund Temasek, according to filings with the Registrar of Companies.

LenDen Club: Mumbai-based P2P (peer-to-peer) lending startup Lenden Club has raised Rs 3.5 crore($0.5 million) in equity investment from three major investors Venture Catalyst, Anirudh Damani, and an Indian venture capital fund.

Capital Small Finance Bank: Jalandhar-headquartered Capital Small Finance Bank has raised about $4 million from SIDBI (Small Industries Development Bank of India) and existing investors in its latest round of fund-raising.

Myntra: Flipkart-owned fashion e-tailer Myntra business-to-business (B2B) retail arm, Myntra Jabong India Pvt. Ltd has got a working capital credit of Rs 50 crore ($7.7 million) from Kotak Mahindra Bank.

Undisclosed deal this week:

Altigreen Propulsion Labs, which provides a unique value proposition in the high growth hybrid/electric vehicle sector of India, Asia, and other emerging economies, with a multi-billion dollar business opportunity did not disclose its 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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