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.
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.
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