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This week in Indian Startups funding news (25-30 Dec)


This week only five startups received funding, out of which four were disclosed, who in total made a sum of about $18.48 million. Among them, Specsmakers raised the highest investment of $10 million, followed by Lendingkart which raised $3.9 million.

Meanwhile, one out of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Lendingkart: Lendingkart Finance, a part of Lendingkart Group and an NBFC that underwrites loans has raised $3.9 million (Rs25 crore) in debt from State Bank of India (SBI).

Specsmakers: Chennai-based optical retail chain Specsmakers Opticians has raised $10 million in led by Eight Roads Ventures India. Following the investment Sandeep Singh, principal at Eight Roads Ventures will join the board at Specsmakers.

Also Read: Why two Ukrainians decided to start auto spare parts marketplace Boodmo in India

Foyr: Hyderabad-based tech home decor solutions start-up, has raised $3.8 million in Series-A round of invesment. Property consultancy firm Jones Lang LaSalle (JLL) and a few individual and non-institutional investors joined this round of funding.

Undisclosed deal this week:

Noida-based online auto services startup GarageOnRoad did not disclose its investment 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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