This week in Indian Startups funding news (12 Feb-17 Feb)

Stanza Living

This week 12 startups received funding, out of which 11 were disclosed, which in total received a sum of about $156 million. Among them, Lendingkart raised the highest investment of $87 million, followed by Zoomcar, who raised $40 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

Fincash: Mumbai-based Fincash, a personal financial services startup has raised $0.15 million from a set of unnamed investors.

PetSutra: Gurugram-based online petcare platform PetSutra, which offers end-to-end solutions to pet owners for adoption, health, food, and wellness of their pets, has raised $0.14 million as a seed investment from a group of investors.

Zoomcar: Self-drive car rental company Zoomcar has closed Series C round of $40 million led by its long-running partner Mahindra and Mahindra (M&M).

Drivezy: Peer-to-peer car and bike sharing startup Drivezy, who has enabled cryptocurrency as a payment option on its platform raised $5 million from its first round of initial coin offering (ICO).

IMAX program: Bengaluru-based education technology startup IMAX program has bagged $13.5 million from the Michael & Susan Dell Foundation (MSDF). LGT Impact Ventures and its existing investor Aspada also participated in the round.

Pandorum: Bengaluru-based Pandorum Technology, a biotechnology startup focused on tissue engineering has raised $3.2 million in its Series A funding round from the likes of early backers Binny Bansal, Indian Angel Network and other high net-worth individuals (HNIs).

Cashify: Cashify, which runs an online platform to sell used gadgets, has raised $1 million in a venture debt funding round from Trifecta Capital.

Lendingkart: Ahmedabad-based SME-focused fintech firm Lendingkart has raised $87 million in equity funding, led by Singapore’s Fullerton Financial Holdings (FFH).

Eduvanz: Mumbai-based edtech startup Eduvanz that provides loans for skill development to students, has raised $0.5 million in a round of funding led by venture capital fund Blinc Advisors.

MoneyOnMobile: Mumbai-based fintech startup MoneyOnMobile has raised $5 million in Series F round of funding from S7 Group.

Holachef : Foodtech startup Holachef has raised $0.31 million from Ashok Kumar Gajera, director at Mumbai-based diamond manufacturer and distributor Laxmi Diamond Pvt Ltd.

Undisclosed deal this week:

Mumbai-based B2B marketplace Wydr 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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