This week in Indian Startups funding news (04-09 Dec)

Chakr

This week 13 startups received funding, who in total made a sum of about $116.2 million. Among them, NestAway raised the highest investment of $50 million, followed by Dunzo which raised $12.3 million.

There is no any undisclosed funding this week.

List of disclosed funding deals this week

FlexiLoans: Mumbai-based digital lending startup FlexiLoans has raised $7 million (Rs 45 crore) from multiple financial institutions in a debt funding round.

MilkLane: Mumbai-headquartered, dairy supply chain startup MilkLane has raised $4 million (Rs 27 crore) led by Swiss-based incubator-cum-investment firm Pioneering Ventures, American dairy company Schreiber Foods and some ultra high net-worth families.

Weekly Funding

The Label Life: Mumbai-based lifestyle e-tailer The Label Life has raised $3.1 million (Rs 20 crore) from Kalpavriksh, the Rs 500 crore private equity arm of financial services group Centrum.

Mswipe: Mumbai-based point-of-sale (POS) startup Mswipe Technologies has raised $10 million in funding from B Capital Group and DSG Consumer Partners, closing its Series D round.

Mobycy: Led by Akash Gupta and Rashi Agarwal Gurugram-based Mobycy, a dockless bicycle sharing app has raised $0.5 million (Rs 3.2 crore) in seed fund from an Angel Investor based out of the USA.

Flintobox: Chennai-based Flintobox, which focuses on activity-based learning for kids, has raised $7 million in Series A funding from Lightbox and existing investors.

dunzo: Task management app dunzo has raised $12.3 million (Rs 80.8 crore) in a Series B funding round led by Google. Existing investors Blume Ventures and Aspada Investment Advisors also participated in the round.

Rentickle: Delhi-based Rentickle, the lifestyle rental startup has raised $4 million in a fresh round of equity and debt funding led by Ajay Relan, chairman of VC firm CX Partners, and ThinKuvate, a Singapore-based VC firm.

NewstAway: Bengaluru-based home rental startup NewstAway has raised $50 million from UC-RNT, an alternative investment fund that partners RNT Associates (Ratan Tata) and the University of California.

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Inshorts: Noida-based content discovery app Inshorts has raised $5 Mn funding from Tiger Global.

eShakti: Chennai-based eShakti Pvt. Ltd, which operates a women’s apparel e-tailer, has raised $2.3 million in debt funding from non-banking finance BlackSoil Capital.

Happay: Bangaluru-based Happay, an expense management platform for enterprises, has raised $10 million in a Series B funding round led by existing investor Sequoia Capital.

Handy Training: Goa-based Handy Training Technologies Pvt Ltd, which owns HandyTrain, a Software-as-a-Service (SaaS) platform on mobile, has secured $1 million from NB Ventures.

*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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