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This week in Indian Startups funding news (Oct 23-28)

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This week 18 startups received funding, out of which 13 were disclosed, who in total made a sum of $36.6 million. Among them, Toppr raised the highest investment of $7 million, followed by RAW Pressery which raised $6 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

CASHe: V. Raman Kumar, chairman of Aeries Financial Technologies Pvt. Ltd which runs CASHe, an app-only lending company has raised $3 million in debt funding from IFMR Capital in its NBFC company, Bhanix Finance, and Investment.

Toppr: Mumbai-based mobile app-based edtech startup Toppr has raised $7 million in its second round of Series-B funding, led by its existing investors SAIF Partners, Helion Ventures and FIL Capital Management.


Ziploan: Delhi-based online lending platform ZipLoan, which lends to small proprietorship businesses, has secured $3 million in an equity fundraising, led by Matrix Partners.

SpotDraft: Gurugram-based SpotDraft, an online generator of contracts and invoices, has secured $550,000 from venture capital firm Hunch Ventures.

Chevon: Chevon is a frozen food maker company which sells ready-to-cook ranges under Chevon and Kuzo brand, raised $1 million from Greenfield Advisory.

Peazy: It raised $117K in pre-seed round from Rockstart. Park Easy provides parking solution by its App Peazy which assist users to find the nearest vacant parking spot.

Original4Sure: Delhi-based Original4Sure, technology-based anti-counterfeiting and original product identification solution for consumer products, has raised $400,000 in a round led by Venture Highway, Startup Buddy and Nirav Chokshi.

OfBusiness: Gurugram-based OfBusiness, an SME financing, and product fulfillment platform has secured about $3.8 million in debt funding from Kotak Mahindra Bank.

RAW Pressery: It has raised $6 million from DSG Consumer Partners, Sequoia Capital and Saama Capital.

Medsmart: Medsmart is a hospitals network which connects healthcare enterprises with customers has raised $1 million from Excel Business Solutions.

Miklens Bio: A Mumbai-based agri-biotechnology startup has raised $5 million from ASLE Technology Group.

BigBasket: Bengaluru-based e-grocer BigBasket has raised about $5 million led by Helion Ventures Partners

FYRE: Energy drink startup which solves a problem of energy needs for the nation’s workforce has raised $500K from Venture Catalysts.

Undisclosed deal this week:

Tagbox, a cold chain startup which provides solutions to pharmaceuticals, packaged goods industry, etc, Propstory, a property content startup, ShieldSquare, an internet security startup, Olly, a digital credit card for India’s working masses and young people, Locus, which­­ provides services to tech-based startups for their logistics management, 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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