This week in Indian Startups funding news (11-16 Dec)


This week 20 startups received funding, out of which 15 were disclosed, who in total made a sum of about $88.5 million. Among them, Nazara Games raised the highest investment of $27 million, followed by Veritas Finance which raised $18.6 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

Bira 91: New Delhi-based craft beer brand B9 Beverages, the maker of Bira 91 beer, has raised $3.9 million (Rs 25 crore) by issuing debentures to Anicut Capital.

HomeLane: Bengaluru-based online home interiors startup HomeLane has raised $10 million from Accel Partners, Sequoia Capital, and RB Investments.


Clip: Bengaluru-based digital media video startup Clip has raised an undisclosed amount of funding in a series A round led by Matrix Partners India. Clip did not disclose the size of funding but a person aware of the funding said it raised $6 million.

Teabox: Siliguri and Bengaluru-based Teabox, an online seller of premium tea has raised $7 million in its series-B round of funding from Singapore-based investment firm RB Investments, with existing investors also taking part.

DocsApp: Bengaluru-based digital medical consultation platform DocsApp has raised $7.2 million in a Series-A funding round from Bessemer Venture Partners and Japanese firms Techmatrix Corp. and DeNa Networks.

Nazara Games: Veteran investor Rakesh Jhunjhunwala has invested $27 million (Rs 180 crore) in mobile game publisher Nazara Technologies. He also acquired a minority stake in the company which is eying IPO by early next year.

Shopholix: India’s first fashion and lifestyle couponing platform for brick and mortar stores Shopholix has raised $0.23 million (Rs. 1.5 crore) in a Pre-Series A round of investment led by Munesh Khanna.

Chai Break: Kolkata-based café chain startup Chai Break has raised $0.78 million (Rs 5 crore) in an angel funding round in lieu of 10% stake from Venture Catalysts of Mumbai.

Furlenco: Online furniture rental startup Furlenco has raised $1.2 million in a debt funding round from Bollywood perfectionist Aamir Khan and four others individuals.

Vahdam Teas: Delhi-based premium tea e-tailer Vahdam Teas has raised $1.4 million in its second round of funding led by existing investor Fireside Ventures.

icanstay: Delhi-based First Time Travellers Ltd, which operates luxury hotel aggregation startup icanstay, has signed an ad-for-equity deal worth Rs 12 crore ($1.8 million).

Veritas Finance: CDC Group, the UK government’s development finance institution and Lok Capital have invested $18.6 million in Veritas Finance, which lends to micro and small enterprises

Curofy: Gurugram-based Curofy, has raised $0.25 million (Rs 1.6 crore) in a fresh round of investment from RoundGlass Partners.

Purplle: Mumbai-based Purplle has secured $0.53 million ( Rs 3.44 crore) in a fresh investment round from a clutch of investors.

Cash Suvidha: Delhi-based online microlending platform Cash Suvidha, has raised $2.7 million in debt round of investment.

Undisclosed deal this week:

Delhi-based drone startup WeDoSky, Mumbai-based multi-cryptocurrency exchange Koinex, fintech startup CapitaWorld, 3D printer startup Fracktal works, and property tech startup BuildSupply 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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