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This week in Indian Startups funding news (08-13 Jan)


This week 19 startups received funding, out of which 14 were disclosed, who in total made a sum of about $127 million. Among them, Rivigo raised the highest investment of $50 million, followed by Appario Retail which raised $18.8 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

NiYO: Bengaluru-based NiYO, a meal voucher, and employee benefits solutions provider, has raised $13.2 million in a Series A round from investors, including Social Capital, JS Capital Llc, Horizon Ventures and Prime Venture Partners India.

Lendingkart: Ahmedabad-based Lendingkart Finances, a digital lending arm of Lendingkart Group has raised $4.7 million (Rs 30 crore) in non-convertible debentures (NCDs) from a Dutch development bank.

Bikxie: Delhi-NCR-based bike taxi service start-up Bikxie has raised an investment of around $0.31 million (Rs 2 crore) from GEMs Partners and Sachin Khandelwal, ex-Honda Cars and ICICI Bank Vehicle Loans Head in a fresh round of investment.

Rivigo: Surface transport logistics major Rivigo has raised $50 million Series D round led by SAIF Partners. Existing investor Warburg Pincus also participated in the round.

WeWork India: The Indian arm of New York-headquartered coworking startup WeWork has raised $15.6 million from its joint venture partner realty firm Embassy Group.

Orb Energy: Bengaluru-based solar energy systems company Orb Energy has raised $15 million in a part-equity and part-debt round. The funding round saw participation from the Dutch development bank FMO and others.

Kinsane: Kinsane Entertainment, a startup aimed at creating digital entertainment for children, has raised $2.5 million from angel investors.

IndianMoney: Financial awareness and education company IndianMoney has raised $3 million (about Rs 19 crore) in a series-A round of funding.

Tapzo: Bangalore-based personal assistant platform Tapzo, has raised about $1.93 million (Rs 12.32 crore) in a fresh round of funding from existing investors.

Kuants: Gurugram-based algorithmic trading platform Kuants has raised $0.08 million (Rs 50 lakh) from Delhi-based angel investors Pankaj Chopra and Ankush Gupta.

Appario Retail: A joint venture between Amazon and Patni Group, Appario has raised $18.8 Mn (Rs 120 Cr) funding from parent Frontizo Business Services.

ToneTag: Bengaluru-based mobile payments technology platform ToneTag has raised $1.33 million (Rs 8.5 crore) in a fresh round of funding.

Simulanis: Delhi-headquartered virtual reality startup Simulanis has raised $0.5 million in a pre-Series A round from Education Catalyst Fund.

Workflexi.in: Bengaluru-based online marketplace for contract workforce Workflexi.in, has secured $0.15 million (Rs 1 crore) in its seed round of funding.

Undisclosed deal this week:

Ayurvedic healthcare beverages startup KivaShots, Online grocery store  Satvacart, Sports nutrition startup Daaki, Mumbai-based Moneytor, and Bengaluru-based SalesPro 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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