Funding in Indian startups this week (11 June-16 June)

Engineer.ai

This week 12 startups received funding, of which 11 received a total sum of about $62 million. Among them, Aye Finance raised the highest investment of $22 million, followed by CredAble which raised about $14.8 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

Nivesh.com: Mutual funds investment platform Nivesh.com has raised $0.4 million in a seed round of funding through LetsVenture. Google India MD – Rajan Anandan and former Infosys Global Sales Head – Basab Pradhan are among the major angel investors in the venture.

Wow! Momo: Kolkata-headquartered Wow! Momo, a chain of fast-food restaurants has raised $0.4 million from William Bissell, Managing Director, FabIndia.

funding

DailyNinja: Subscription-based micro delivery startup DailyNinja has raised $3 million in a fresh round of funding led by Saama Capital. Existing investor Sequoia Capital also participated in the round.

CredAble: Supply chain finance startup CredAble has raised $14.8 million in series A funding from Alpha Capital. Of this Rs 100 crore financing, Rs 25 crore comes in equity and the rest is debt funding.

Aye Finance: Micro lending platform Aye Finance has raised about $22 million in its Series C round led by CapitalG, the venture capital fund owned by Alphabet Inc. Existing investors SAIF Partners and LGT also participated in the new round.

HomeLane: Online home interiors marketplace HomeLane has raised $3.4 million in a fresh round of funding from Brand Capital–the strategic investment arm of the media company Bennett, Coleman, and Co. Ltd (the Times Group).

Network Intelligence: Cybersecurity services company Network Intelligence has raised $4.8 million in funding from private equity firm Helix Investments.

Pixr8: Online Business Media Platform Pixr8 News has raised $0.03 million lakh in Seed Funding.

eShakti: Women-focused fashion e-tailer eShakti has raised $11 million in fresh funding from private equity firm Paragon Partners.

Satya MicroCapital: New Delhi-based non-banking financial company Satya MicroCapital has raised $1.6 million from its existing investors through a rights issue of new shares.

NirogStreet: Gurugram-based Ayurveda platform NirogStreet has raised $0.3 million from the Japanese venture fund Spiral Ventures, Subho Ray (President, IAMAI) and Samir Kumar (Director of Derivatives at Deutsche Bank, Singapore).

Undisclosed deals this week:

Online lifestyle media platform What’s Up Life did not disclose its financial details.

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

 

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