This week 15 startups received funding, out of which 13 were disclosed, who in total made a sum of about $86 million. Among them, NeoGrowth Credit raised the highest investment of $47 million, followed by Global Gourmet who raised $10 million.
Meanwhile, only 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
Axio Biosolutions: Bengaluru-based medtech startup Axio Biosolutions has raised $7.4 million in its Series-B funding round led by Ratan Tata’s RNT Capital along with existing investors Accel Partners and IDG Ventures India.
HungerBox: B2B-focused F&B startup HungerBox has raised $2.5 million in its pre-Series A round led by Singapore-based Lionrock Capital. The funding round also saw participation from Infosys co-founder Kris Gopalakrishnan.
Global Gourmet: Vadodara-based frozen food products exporter Global Gourmet has raised $10 million from India Agri Business Fund II (IABF-II).
Paymatrix: Online rental management startup Paymatrix has raised $0.04 million Rs 25 lakh from IIIT-H Seed Fund. Paymatrix is said to be the first startup selected by Hyderabad’s IIIT Seed Fund for investment.
GreyAtom: Mumbai-based edtech startup GreyAtom has raised $1 million in a funding round led by early-stage investor Pravega Ventures.
NeoGrowth Credit: Mumbai-based NeoGrowth Credit, a lending startup and an NBFC that focuses on SMEs, has raised $47 million (Rs 300 crore) of equity funding from LeapFrog Investments.
Aye Finance: Gurugram-based Micro, small and medium enterprises (MSMEs) lender Aye Finance has raised $6.28 million (Rs 40 crore) in debt round from IFMR Capital.
ZiffyHomes: Gurugram-based home rental marketplace ZiffyHomes has raised $0.31 million (Rs 2 crore) in its seed funding round from angel investors including Bikky Khosla (CEO at TradeIndia.com) and Anirudh Agarwal, Managing Director at Shree Sharda Group.
AEON Learning: Bengaluru-based edtech firm AEON Learning backed by Infosys co-founder Kris Gopalakrishnan has raised $3.2 million from MEMG Family Office, set up by Manipal Education and Medical Group chairman Ranjan Pai.
OptaCredit: Chennai-based digital lending startup OptaCredit has raised over $4 million (Rs 25 crores) of credit line from DMI Finance.
Milkbasket: Gurugram-based Grocery delivery platform Milkbasket has secured $3 million in a Pre-Series A round led by Unilever Ventures Ltd.
WealthTrust: Mumbai-based Personal finance management app WealthTrust, has raised $0.5 million from venture capital firm India Quotient in a pre-Series A investment round.
Paperflite: Chennai-based Saas startup focused on mobile-first sales platforms closed a $0.4 million seed funding round, led by The Chennai Angels.
Undisclosed deal this week:
Gurugram-based parody video startup Spoofin and Bengaluru-based Skillate did not disclose the 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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