This week in Indian Startups funding news (15-20 Jan)

funding

This week 11 startups received funding, out of which seven were disclosed, who in total made a sum of about $47 million. Among them, Razorpay raised the highest investment of $20 million, followed by ShareChat who raised $18.2 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Awign: Bengaluru-based Unitus Seed Fund has invested $0.78 million (Rs 5 crore) in Awign, which focuses on companies to outsource their business functions to a remote workforce, including student community across the country.

myGate: Bengaluru-based security management solution for residential societies myGate has raised $2.5 million (Rs 16 crore) from Prime Venture Partners.

ShareChat: Bengaluru-based local language social networking app ShareChat has secured $18.2 million in a Series B round led by Xiaomi. Existing investors SAIF Partners, Lightspeed Partners, India Quotient and Venture Highway also participated in the round.

Razorpay: Bengaluru-based digital payment solutions company Razorpay has raised $20 million in funding led by Tiger Global and Y Combinator in its series B round. The firm also saw participation from Matrix Partners.

Rubix: Pune-based edtech startup Rubix108 Technologies has secured $1 million (about Rs 6 crore) in a pre-Series A round led by Polaris Fund.

Streak: Bengaluru-based algorithmic trading platform Streak AI Technology Pvt. Ltd has raised $0.35 million (Rs 2.25 crore) in seed funding from Indian fintech fund and startup incubator Rainmatter.

KartRocket: Delhi-based e-commerce enabler KartRocket has raised $4.1 million (Rs 26.64 crore) in a fresh round of investment from existing investors.

Undisclosed deal this week:

Gurugram-based PeopleStrong HR Services, Bengaluru-based edtech startup CollPoll, IoT startup Faclon Labs, and  Gurugram-based CorporatEdge 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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