Funding in Indian startups this week (14-19 May)

funding

This week only seven startups received funding, of which five received a total sum of about $62 million. Among them, Droom raised the highest investment of $30 million, followed by Nykaa which raised about $24.5 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Droom: Online automobile marketplace Droom has raised $30 million in Series D round led by Japan’s auto major Toyota’s investment arm Toyota Tsusho and VC firm Digital Garage.

SpringRole: Bengaluru-based blockchain professional network SpringRole has raised $1.3 million in private equity round.

Open: Fintech startup Open, which offers a digital banking service for small businesses in collaboration with banks, has raised $2 million a pre-series A round led by Unicorn India Ventures.

mFine: On-demand healthcare app mFine has raised $4.2 million in series-A round from Prime Venture Partners, Stellaris Venture Partners, and others.

Nykaa: Beauty retailer Nykaa has raised fresh funding of $24.45 million and closed its series D investment round.

Undisclosed deals this week:

Bengaluru-based social learning platform Kudge.me, and B2B freight collaboration platform FreightBazaar did not disclose their deal.

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

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