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This week in Indian Startups funding news (18-23 Dec)


This week 18 startups received funding, out of which 13 were disclosed, who in total made a sum of about $55 million. Among them, Waaree Energies raised the highest investment of $15.6 million, followed by Smaaash which raised $14 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

Indus OS: India’s home-grown smartphone operating system and native applications platform Indus OS has raised $4 million in its pre-series B round from existing investors Omidyar Network, Ventureast and JSW Ventures.

YourQuote: Delhi-based YourQuote, an original content and digital community startup has raised $1 million in seed funding round led by IDG Ventures India.

Boheco: Bombay Hemp Company or popularly known as Boheco has raised $1 million funding from Ratan Tata and Google India managing director Rajan Anandan.

EasyBuyHealth: Kolkata-based health-tech startup EasyBuyHealth has raised $0.35 million (Rs 2 crore) in its seed round of funding from a group of individual investors.

Faircent: Gurugram-based P2P lending startup Faircent has raised $4 million (Rs 25 crore) in Series B round led by Incofin Investment Management.

9stacks: Delhi-based 9stacks, a technology company in the online real money gaming space has raised around $1.5 million (Rs 10 crore) in an angel round of funding.

Springboard: Edtech startup Springboard, which provides courses for professionals has raised $9.5 million in a Series A funding round led by Costanoa Ventures, with participation from Learn Capital and Appdynamics founder Jyoti Bansal.

Baby Destination: Delhi-based Baby Destination, a maternity and parenting management startup, has raised $0.31 million ( Rs 2 crore) funding led by GEMs Partners.

Smaaash: Sachin Tendulkar co-owned gaming and entertainment startup Smaaash has raised $14 million in equity financing. The funds were syndicated by Avendus Wealth Management Pvt Ltd, the wealth management arm of financial services firm Avendus Capital.

Univariety: Hyderabad-based edtech startup has raised $1.9 Mn (INR 12.5 Cr) from online classifieds platform Info Edge.

Livspace: Bennett, Coleman & Company Ltd (BCCL) has invested $1.7 million in Bengaluru-based online home decor startup Livspace.

EasyEcom: Bengaluru-based e-commerce enabler EasyEcom has raised $0.15 million (about Rs 1 crore) in angel investment from top tech industry executives and early-stage investment funds.

Waaree Energies: Solar power solutions company Waaree Energies has raised $15.6 million (Rs 100 crore) in structured finance from Centrum Financial Services Ltd and others.

Undisclosed deal this week:

Mumbai-based cuisine startup The Bohri Kitchen, Uttar Pradesh-based online gifting company IGP.com, Mumbai-based Wellthy which operates a mobile-based diabetes management platform, Noida-based weather forecaster Skymet Weather, and last mile delivery startup NOW 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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