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