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.
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