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This week in Indian Startups funding news (29 Jan-03 Feb)


This week 16 startups received funding, out of which 13 were disclosed, who in total made a sum of about $612 million. Among them, BigBasket raised the highest investment of $300 million, followed by Zomato who raised $200 million.

Meanwhile, only 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

FabAlley: Noida-headquartered women-centric high street fashion brand FabAlley has raised $0.78 million (Rs 5 crore) in debt funding from Trifecta Capital.

Zomato: Alibaba-owned entity Alipay has pumped-in $200 million in food tech major Zomato. With this round, Zomato largest stakeholder Info Edge had diluted $50 million worth equity in the Gurugram-based company.

BigBasket: Alibaba led a Rs 1,921 crore ($300 million) Series E round in e-grocer BigBasket. Existing investors, including Abraaj Group, Sands Capital, and IFC also participated in the round.

iNurture Education: Bengaluru-based higher education services provider iNurture Education has raised $4.3 million (Rs 28 crore) in a Series C round led by Ventureast. Existing investors Bertelsmann India Investments and Ascent Capital also participated in the round.

6Degree: Mumbai-based fashion startup 6Degree has raised $0.4 million in a pre-Series A round of funding led by Indian Angel Network (IAN) and TAN Advisors.

BrowserStack: Mumbai-based website and mobile testing platform BrowserStack has raised massive $50 million in Series A round from Accel Partners.

PeeSafe: Gurugram-based toilet hygiene startup PeeSafe has raised $1 million via Compulsory Convertible Debentures (CCD) notes both from its existing and a clutch of new investors.

MoneyOnMobile: Mobile payment platform MoneyOnMobile has secured $7.6 million in Series F round of funding through preferred stock.

CureFit: Bengaluru-based fitness startup CureFit has secured $10 million in debt financing from HDFC Bank and Axis Bank. This is the second round of debt funding in the company.

Xpressbees: China e-commerce giant Alibaba, who was looking to invest in Pune-based logistics firm Xpressbees has finally sealed the deal with a whopping $35 million (Rs 224 crore) in the firm run by Busybees Logistics Solutions.

The Wedding Brigade: Wedding services aggregator The Wedding Brigade (TWB) has raised $1 million in a pre-Series A round of funding led by Blume Ventures.

eKincare: Hyderabad-based healthcare startup eKincare has raised $1.5 million in Series A funding led by Ventureast, Endiya Partners, Eight Roads, Touchstone Equities and former NASSCOM Chairman B.V.R. Mohan Reddy.

Scapic: Virtual Reality (VR) platform Scapic has raised $0.5 million in seed funding from Axilor Ventures, Speciale Invest, and Newfort Capital.

Undisclosed deal this week:

Cricketer Yuvraj Singh-backed co-working space provider Creator’s Gurukul, Online investment startup Groww, and Chennai-based education startup Chrysalis did not disclose their deals.

*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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