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Freight Tiger

This week in Indian Startups funding news (27 Nov-02 Dec)

Freight Tiger

This week 12 startups received funding, out of which 10 were disclosed, who in total made a sum of about $98 million. Among them, Nazara Games raised the highest investment of $51 million, followed by CleanMax Solar which raised $15 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Nazara Games: Mumbai-based mobile game developer company Nazara Games has raised $51 million from Asset management firm India Infoline Finance Ltd’s (IIFL) Special Opportunities Fund.

Graphic India: Bengaluru-based character entertainment firm Graphic India has raised $5 million in a round led by Liquid Comics LLC with participation from other investors.

Daily Ninja: Subscription-based hyperlocal delivery startup Daily Ninja has raised $1.5 million from Sequoia Capital. This is the maiden investment from Sequoia in micro-delivery segment.

CleanMax Solar: Mumbai-based CleanMax Solar has raised $15 million in equity capital from World Bank arm International Finance Corp.

Rummy Passion: Chandigarh-based online gaming company Rummy Passion has raised $3.75 million from London Stock Exchange-registered gaming firm Stride Gaming Plc.

Mobiefit: Mobile-centric fitness startup Mobiefit has raised $1.35 Mn in a Pre-Series A funding round led by NB Ventures. Existing investor MediAssist also participated in the round.

Stanza Living: New Delhi-based student accommodation startup Stanza Living has taken a leap to get funds from Matrix Partners and Accel Partners, who have invested $2 million in the company.

Chumbak: Bengaluru-based lifestyle retailer Chumbak Design has raised $13 million led by private equity firm Gaja Capital.

Smaaash Entertainment: Smaaash, a sports-based entertainment company co-owned by cricketer Sachin Tendulkar has raised $3.8 million from consumer companies-focused investment firm Sixth Sense Ventures.

Holachef: Mumbai-based Food delivery startup Holachef has raised $1.38 million funding through a mix of equity and debt. While Rs 2.94 crore came through a clutch of individual investors and corporate entities, venture debt firm Innoven Capital invested Rs 6 crore in the company

Undisclosed deal this week:

Chennai-based speech recognition software firm Uniphore, Pune-based Air pollution controller maker Strata Enviro 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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