This week in Indian Startups funding news (02-07 April)


This week 15 startups received funding with a total sum of about $495 million. Among them, Paytm Mall raised the highest investment of $445 million, followed by Veritas, which raised about $8.5 million.

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Veritas Finance: Chennai-based financial services firm Veritas, that lends to micro and small enterprises, has raised $8.5 million (Rs 55 crore) in debt financing from a Belgium-based fund manager, Incofin Investment Managment, and BlueOrchard.

UClean: Integrated laundry and cleaning solutions startup UClean has raised $0.6 million  (Rs 4 crore) in pre-Series A round from angel investor Anubhav Chopra for expansion of its new business vertical ‘UClean Select’.

BeatO: Delhi-based startup for diabetic patients, BeatO has raised an institutional funding of $1.3 million, led by Leo Capital and Blume Ventures.

CoutLoot: Online fashion re-commerce marketplace CoutLoot, has raised an additional $1 million as a part of its ongoing pre-Series A funding round.

Porter: Bengaluru-based intra-city logistics company Porter has raised $7.7 million (Rs 50 crore) Series C round from Mahindra Group. With this, the surface logistics company has raked in about Rs 135 crore from investors such as Sequoia, Kae Capital, Anupam Mittal and Sandeep Tandon.

Power2SME: Business-to-business e-commerce platform Power2SME has now got a commitment of $6.2 million from Innoven Capital.

Infibeam: Reliance Industry-owned Network18 has invested $6.2 million (Rs 40 crore) in Ahmedabad-based e-commerce platform Infibeam.

Finzy: Bengaluru-based P2P lending platform Finzy has raised $1.3 million in its pre-series A funding round from a clutch of undisclosed investors.

MoveInSync: Transport automation platform, MoveInSync Technology Solutions has raised a Series B round of $8 million (approx Rs 53 crore) led by Nexus Venture Partners. The funding round also saw a participation of existing investors Inventus Capital Partners, Saama Capital and Qualcomm Ventures.

Boheco: Cannabis research startup Bombay Hemp Company (Boheco), which counts Ratan Tata and Google India managing director Rajan Anandan as its major investors, has raised $0.46 million (Rs 3 crore) in a fresh round of funding.

Paytm Mall: Paytm Mall has raised about $445 million (about Rs 2,900 crore) fresh round from SoftBank and Alibaba. The Amit Sinha-led company was valued $2 billion in the financing round.

Rubique: Marketplace-based lending platform Rubique has raised about $0.46 million (Rs 3 crore) from existing investor Kalaari Capital. The latest round appears to be extended part of the bridge round for the Mumbai-based fintech startup.

Fitternity: Mumbai-based online fitness discovery platform Fitternity has raised over $2 million (Rs 13 crore) from existing and new investors.

IndustryBuying:  An online business to business (B2B) marketplace, has raised $2 million in venture debt from Blacksoil Capital.

Namaste Credit: Bengaluru-based online lending platform has raised $3.8 million in Series A round from Nexus Ventures.

*Every week we track startups that have raised fresh investment. Stay tuned for next week funding roundup.

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