Funding in Indian startups this week (30 April-05 May)

funding

This week 16 startups received funding, of which 10 received a total sum of about $39 million. Among them, Bizongo raised the highest investment of $22 million, followed by Samco which raised about $7.5 million.

Meanwhile, funding for six of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

List of disclosed funding deals this week

boAT: Consumer electronic startup boAT has raised about $0.9 million in its first institutional round led by early-stage venture capital firm Fireside Ventures.

Funding Deals

Bizongo: B2B technology platform Bizongo, which provides packaging solutions to medium and large companies has raised $22 million in Series B round from International Finance Corporation(IFC) technology-focused venture capital firm B Capital Group.

Samco: Samco Ventures which operates mobile trading platform StockNote has secured $7.5 million in a fresh round of internal funding led by existing investor, mid-market private equity firm Bay Capital Investments.

Unacademy: Edtech startup Unacademy has raised $0.57 million from existing investors – Sequoia Capital, Saif Partners, Nexus Venture Partners, and Blume Ventures.

Rare Media: Info Edge has made a follow-on investment of $0.51 million in Rare Media Company, owner of workforce tracker Blue Dolphin.

OpenTap: Chennai based fintech startup OpenTap has raised about $0.45 million from a clutch of high net worth individuals.

OYE! Loans: Lending startup OYE! Loans has raised $2.25 million seed funding from its parent company, GAIN Credit.

MyLoanCare: Online loans marketplace MyLoanCare, has raised about $1 million in a Series A round from Ncubate Capital Partners.

LEAP India: Mumbai-based supply chain services provider LEAP India has raised $3.75 million in debt funding from Avendus Finance, the non-banking financial company of KKR-backed Avendus Capital.

TheCollegeFever: Bengaluru-based online college event ticket booking startup TheCollegeFever (TCF) has raised $0.25 million in seed funding from Mumbai-based investment firm 11.2 Advisors.

Undisclosed deals this week:

Cricket focused news and fantasy gaming startup Cricnwin, Financial marketplace Rubique, agritech Eruvaka, logistics startup FreightBro, digital media platform TechSamvad, and cross-border e-commerce ecosystem enabler Eunimart did not disclose their deal amount.

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

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