This week in Indian Startups funding news (01-06 Jan)

This week nine startups received funding, out of which six were disclosed, who in total made a sum of about $423.88 million. Among them, eKart raised the highest investment of $257.3 million, followed by MedPlus who raised $115 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

EarlySalary: An app that offers cash advances and short-term loans to young professionals, has raised $15.8 million (Rs 100 crore) in a series B round of funding which was led by Eight Road Ventures.

ekart: Homegrown e-tailer Flipkart has put in $257.3 million (Rs 1632.81 crore) into its logistics arm eKart, which is registered as InstaKart.

MedPlus: The promoter of MedPlus has raised around $115 million in debt financing from Goldman Sachs to buy out existing private equity investors.

IDfy: An online human resources analytics platform that provides background verification services, has raised $3 million (Rs 19.50 crore) in a fresh round of investment.

Also Read: Naspers may rope in Tencent to invest $200 in Swiggy

Ess Kay Fincorp: Multi-stage private investment firm Norwest Venture Partners has led a $32 million (Rs 200 crore) funding round in a non-banking finance company Ess Kay Fincorp.

True Elements: Pune-based health foods startup True Elements, has raised $0.78 million (Rs 5 crore ) in a pre-Series A round led by the RP-Sanjiv Goenka Group.

Undisclosed deal this week:

Bengaluru-based online lingerie startup Buttercups, Mumbai-based online lending platform FinREQ and B2B e-commerce portal for food and beverages WOTU did not disclose their deal amount.

*Every week we round up startups that have received or announced fresh funding. Stay tuned for next funding weekly.

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