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.
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