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.
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