Funding in Indian startups this week (04 June-09 June)

ShopX

This week 12 startups received funding, of which six received a total sum of about $16.5 million. Among them, Meesho raised the highest investment of $11.5 million, followed by Locus which raised about $4 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

Meesho: Online marketplace for resellers Meesho has raised $11.5 million in a series-B round led by Sequoia India, along with existing investors SAIF Partners, Y Combinator, and Venture Highway.

ClearDekho: Budget eyewear brand ClearDekho has raised $0.3 million in its pre-Series A round from incubation platform Venture Catalysts.

Locus: Logistics management platform Locus has raised $4 million in a pre-Series B round of funding from Rocketship.vc, Recruit Strategic Partners, pi Ventures and Hemendra Kothari of DSP Group.

DigiConnectt: Artificial intelligence startup that offers sales analytics and enablement solutions, has raised $0.12 million in seed round from Aspire Logistics LLC.

Hey Deedee: Indian all-women last-mile logistics services company, has raised pre-seed funding of $0.5 million from California-based investment fund Metaform Ventures LLC.

Navia: Health-tech startup Navia has raised a bridge round of $0.1 million from existing investor Benori Ventures LLP.

Undisclosed deals this week:

Fintech startup Crowdera, healthtech startup Zoctr, online handicrafts marketplace Kashmir Box, sports content app Sports Flashes, social commerce platform Sagoon, and Software-defined radio startup Inntot Technologies did not disclose their financial details.

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

 

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