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This week in Indian Startups funding news (13-18 Nov)


This week 12 startups received funding, out of which eight were disclosed, who in total made a sum of about $32 million. Among them, USPL raised the highest investment of $15 million, followed by Active.Ai which raised $8.25 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

Kahaniya.com: Hyderabad-based Kahaniya.com, an online storytelling platform in regional languages, has raised $0.2 million in a seed funding round from a bunch of undisclosed US-based NRI’s (non-resident Indians).

i2e1: Delhi-based i2e1, a smart network layer platform which aims to provide low-cost and free Internet to consumers, has raised $3 million in Series-A funding led by impact investment firm Omidyar Network.

GolfLan: Delhi-based Online golf community and marketplace startup GolfLan has raised $1.2 million from Dubai-based entrepreneur Deven Lakshmi Chand Bebhia.

Active.Ai: Fintech startup Active.Ai has secured $8.25 million in a Series A funding round co-led by Vertex Ventures, Creditease Holdings, and Dream Incubator. Existing investors Kalaari Capital and IDG Ventures India also participated in the round.

EasyRewardz: Mumbai-based enterprise loyalty and consumer rewards platform, EasyRewardz has closed a $2-million series-A round of financing led by TransContinental Venture Fund.

USPL: Cricket legend Sachin Tendulkar-backed-Universal Sportsbiz Pvt. Ltd (USPL), the owner of fashion brands Wrogn, Imara and Collectabillia, is raising $15 million from existing investor Accel Partners.

Biryani By Kilo: Gurgaon-based food startup Biryani By Kilo, has raised $1.5 million in its pre-Series A funding from a clutch of investors.

Sumeru: Bangalore-based banking software startup Sumeru, has raised $0.9 million in fresh funding from high-net-worth individuals based in the US and India.

Undisclosed deal this week:

Healthcare services and social care support for senior citizens ElderAid, Gurugram-based Josh Talks, property management startup Reniso, and edtech startup Perspectico Learning 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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