Freight Tiger

Funding in Indian startups this week (18 June-23 June)

Freight Tiger

This week 13 startups received funding, of which 10 received a total sum of about $269 million. Among them, Swiggy raised the highest investment of $210 million, followed by IndiQube which raised about $15 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Drip Capital: Fintech startup Drip Capital has raised $15 million in the Series A round co-led by Sequoia Capital, Accel Partners, and Wing VC. Existing investor Y Combinator also participated in the round.

SMECorner: Mumbai-based digital lending platform SMECorner has secured $7 million in a mixed round of equity and debt from Capital First, existing investor Accion Ventures, and a clutch of high net worth individuals.

RentSher: Online products rental marketplace RentSher, has raised $1.1 million in the latest funding round led by venture capital funds of Abu Dhabi-based Shorooq Investments and Dubai-based Latitude Consultants.


Swiggy: Foodtech major Swiggy has scooped up $210 million in a Series G round from Naspers, DST Global, Coatue Management and Meituan-Dianping.

Wicked Ride: Online two-wheeler rental service platform Wicked Ride has raised around $9.1 million in a fresh funding round from Sequoia Capital and Accel Partners.

IndiQube: Workspace solutions provider IndiQube has raised $15 million Series A round led by WestBridge Capital. The latest funding round also saw participation by Ashish Gupta, co-founder of Helion Ventures.

Pivotchain: To ramp up its fintech offerings, digital payments firm MobiKwik has invested $0.29 million in Pivotchain Solutions, a Pune-based data science company.

Purplle: Mumbai-based beauty products and services marketplace Purplle has raised $0.53 million in a fresh funding round from a clutch of investors. However, the fundraising status remains uncertain as another report claims $2.56 million capital infusion in Purplle.

Noble House: A marketplace platform for independent HR talent, Noble House has raised $1 million in Angel funding, from HR and business leaders based in Singapore and India.

Wonderchef: Celebrity chef Sanjeev Kapoor-promoted appliances brand Wonderchef has raised $10.2 million from Amicus Capital Partners.

Undisclosed deals this week:

Cashify, social startup Muskaan Dreams, and in-store analytics provider startup for retailers Intelitaap did not disclose their funding details.

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

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