This week in Indian Startups funding news (22-27 Jan)


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.

(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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