funding

Funding in Indian startups this week (07-12 May)

funding

This week nine startups received funding, of which eight received a total sum of about $79 million. Among them, Bira 91 raised the highest investment of $50 million, followed by Avaamo which raised about $14.2 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Charcoal Eats: Quick-service restaurant (QSR) startup Charcoal Eats has raised $0.7 million in a pre-series-A round from a consortium of HNI investors.

Funding

Toppr: Edtech startup Toppr has raised $2.3 million in debt financing round led by venture debt firm Alteria Capital.

i3systems: Healthcare and life insurance-focused artificial intelligence startup i3systems has raised $1 million in seed round from Unitus Ventures. Existing investors also participated in the round.

Avaamo: Artificial intelligence startup Avaamo has raised $14.2 million in a series-A round of funding led by Intel Capital. With this fundraising, the company has, so far, raised $23.5 million.

Bira 91: Craft beer brand B9 Beverages, the maker of Bira 91 has raised $50 million from Brussels-based investment firm Sofina.

Disprz: Edtech startup Disprz, which provides products for the enterprise and online learning segment, has raised $2.5 million in Series A round from IL&FS Private Equity and existing investor Kae Capital.

Earthfood: Pune-based startup that farms and retails residue-free fruits and vegetables, has raised about $1 million seed funding from Rairah Corporation.

EasyPolicy: Ronnie Screwvala-backed Unilazer Ventures has invested $6.7 Mn – $7.43 in online insurance comparison platform EasyPolicy.

Undisclosed deals this week:

Bengaluru-based live video debate app Wishfie has raised undisclosed seed funding.

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

funding

Funding in Indian startups this week (07-12 May)

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Below is the bank details:

 
Amount: INR 3,19, 000 (After Adding 18% GST and Deducting 2% TDS)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
Kindly make the payment to confirm your seat for Unicorn trip 2.0. For any other queries/concern: pls drop a email on: [email protected]

Overcome FOMO
with our Daily Newsletter

X