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This week in Indian Startups funding news (26 Feb-03 March)


This week 13 startups received funding, out of which 11 were disclosed, which in total received a sum of about $341 million. Among them, Myntra raised the highest investment of $176 million, followed by Gaana, which raised $115 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

Myntra: Fashion e-tailer Myntra has raised $176 million from Flipkart’s Singapore-based subsidiary FK Myntra Holdings.

Urban Ladder: Bengaluru-based online furniture retailer Urban Ladder has secured about $12 million from existing investors including Kalaari Capital, Sequoia Capital, Steadview Capital and SAIF Partners.

PharmEasy: E-pharmacy startup PharmEasy has raised around $30 million in its Series-C round led by Bessemer Venture Partners with participation from Orios Venture Partners, JM Financial, Manipal Education, and Medical Group (MEMG) and Trifecta Capital.

Credy: Credy, a digital lending platform has raised $1.4 million from Y Combinator, Khosla Ventures, Vy Capital and HNIs in a seed funding round.

Gana: Chinese Internet conglomerate Tencent Holdings and Times Internet have invested $115 million into music streaming platform Gaana. The Chinese firm Tencent will acquire a minority stake in the music streaming app.

Trilyo: Business-to-Business (B2B) artificial intelligence (AI) platform for hospitality industry Trilyo has raised $0.25 million from Startup Buddy and Pulse Venture Capital.

Furlenco: Bengaluru-based online furniture rental startup Furlenco has raised $0.76 million (Rs 5 crore) from existing investor Signet Chemical Corporation.

Qandle: Cloud-based HR management and employee engagement platform for small and medium-sized businesses Qandle has raised $1.2 million (Rs 7.7 crore) in pre-Series A funding led by Redwood Internet Ventures.

Buddy4Study: Noida-based edtech startup Buddy4Study has raised $3 million (Rs 20 crore) in Series A funding from existing investor CBA Capital.

Uclean: Gurugram-based tech-enabled laundry service provider UClean has raised $1 million (Rs 6.5 crore) from franchise and retail services provider Franchise India Holdings.

Survaider: Bengaluru-based software-as-a-service customer engagement platform Survaider has raised $0.5 million (Rs 3.27 crore) in a pre-Series A round of funding led by The Chennai Angels and Axilor Ventures.

Undisclosed deal this week:

Bengaluru-based Digital design startup Lollypop and Predible Health 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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