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:
*Every week we round up startups that have received or announced fresh funding. Stay tuned for next funding weekly.
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