This week in Indian Startups funding news (19 Feb-24 Feb)

Buttercups

This week 12 startups received funding, out of which 11 were disclosed, which in total received a sum of about $120 million. Among them, Udaan raised the highest investment of $50 million, followed by FourKites, who raised $35 million.

Meanwhile, only one out of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

List of disclosed funding deals this week

CoLive: Shared-living space provider CoLive has raised $1.8 million (Rs 12 crores) in its latest funding round led by Ncubate Capital Partners, a private investment arm of SAR Group Family Office.

Funding Deals

Grab.in: Hyperlocal logistics service Grab.in has raised $1.5 million (Rs 9 crore) from the Maharashtra State Social Venture Fund which is managed by SIDBI Venture Capital.

ShopClues: Gurugram-based online marketplace ShopClues has raised $1 million from Ronnie Screwvala-led Unilazer.

The Healthy Billion: Clinical research and data analytics startup The Healthy Billion (THB) has raised $2.1 million (Rs 14 crore) from Blume Ventures, Healthquad, and Fireside Ventures. Existing angles including Apoorva Patni and Arpan Sheth, a partner in Bain & Company also participated in the round.

Aye Finance: Gurugram-based Micro, small and medium enterprises (MSMEs) lender Aye Finance has raised $3.8 million (Rs 25 crore) from Hinduja Leyland Finance and Intellegrow.

Udaan: Online B2B marketplace Udaan has secured a whopping $50 million in its second round of funding after a gap of 15 months from early stage & existing investor Lightspeed Venture Partners and Yuri Milner

FourKites: A platform that tracks freight shipments, has raised $35 million in Series B round led by August Capital. The existing investors such as Bain Capital Ventures and Hyde Park Ventures also participated in the round.

Capillary Technologies: Cloud-based software solutions startup Capillary Technologies has raised around $20 million from existing investors including marquee private equity firm, Warburg Pincus and Sequoia Capital.

Planys: Planys Technologies, a startup that provides underwater robotic inspection and survey services using robots, is raising a $2.1million (Rs 14 Cr) Series A round.

Doodhwaala: Bengaluru-based Doodhwaala, a digital milk delivery startup has raised $2.2 million (Rs 14.27 crore) from Omnivore.

Agricx Lab: It has raised $0.5 million in a seed funding round. The funding round was led by Ankur Capital. IIM Ahmedabad’s, Centre for Innovation Incubation and Entrepreneurship (CIIE) also participated in the funding round.

Undisclosed deal this week:

Cloud-based integrated receivables software solutions HighRadius did not disclose its deal 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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