Freight Tiger

This week in Indian Startups funding news (05-10 March)

Freight Tiger

This week 16 startups received funding, out of which 14 were disclosed, which in total received a sum of about $134 million. Among them, Myntra raised the highest investment of $63.7 million, followed by Pepperfry, which raised $38.5 million.

Meanwhile, two out of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

List of disclosed funding deals this week

PictureTime: Mobile digiPlex movie theatre startup PictureTime has raised $3.8 million (Rs 25 crore) in a pre-series A round from a group of investors. The round was led by Ajay Relan, Rohit Chand, Ashish Gupta and others.

Pepperfry has announced $38.5 million (Rs 250 crore) fresh funds from State Street Global Advisors. Existing investors Norwest Venture Partners, Goldman Sachs, Bertelsmann India Investments and Zodius Capital also participated in the round.

InnerSense: Lingerie startup InnerSense has raised about $0.38 million (Rs 2.5 crore) from Venture Catalysts in Pre- Series A round. Other Investors who participated in the round include Dharmesh Dalal, Vijay Lakhani, and Matulya Shah.

Magicpin: Local discovery, rewards, and commerce platform Magicpin has raised about $1 million venture debt from Trifecta Capital. This is the first round of venture debt funding for the Gurugram-based company.

Myntra: Fashion e-tailer Myntra has got an investment of $63.7 million (Rs 415 crore) from Flipkart’s Singapore-based subsidiary FK Myntra Holdings.

Hotelogix: Cloud-based hotel property management system provider Hotelogix has raised $5 million led by Vertex Ventures with participation from existing investors Accel Partners and Saama Capital.

Ninjacart: Bengaluru-based Ninjacart, an online B2B marketplace that connects farmers and brands to retailers, has raised about $1.1 million from venture debt firm Trifecta Capital.

LiveHealth: Health tech startup LiveHealth has raised $1.1 million from Nexus Ventures in a Seed round. The startup plans to use the fresh capital to scale up its operations and strengthen product knowledge.

Gramophone: Agricultural startup Gramophone has raised $1 million in pre-Series A funding from Info Edge.

MedGenome: Genomics research firm MedGenome has raised additional $10 million to make a total of $40 million in its Series C round.

Wellthy: App-based diabetes management startup Wellthy Therapeutics has raised $2.1 million (Rs 13.5 crore) from Ranjan Pai’s family office Manipal Education & Medical Group (MEMG) family office LLP.

CureFit: Full stack fitness startup CureFit has raised $0.15 million (Rs 1 crore) from Flipkart’s CEO, Kalyan Krishnamurthy.

Kuvera: Online mutual fund investment startup Kuvera has raised $0.25 million (Rs 1.6 crore) in its second round (bridge round) of angel investment.

Finova: Non-banking financial company Finova Capital has raised $6 million from its existing investor Sequoia Capital as part of its Series A funding round.

Undisclosed deal this week:

Drone technology startup Aarav Unmanned Systems (AUS) and SaaS platform Anaek did not disclose their 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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