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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.

(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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