Funding in Indian startups this week (16 July-21 July)

Funding

This week 16 startups received funding, of which 10 received a total sum of about $228.5 million. Among them, BookMyShow raised the highest investment of $100 million, followed by Cars24 which raised about $50 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

PaySense: Digital credit platform PaySense has raised $18 million in its series B round of funding led by PayU. The Mumbai-based fintech startup also saw participation from other existing investors Jungle Ventures and Nexus Venture Partners.

Wooden Street: Online furniture seller Wooden Street has raised $1 million in its Series A funding round from Rajasthan Venture Capital Funds (RVCF). The funding was supervised by Growth India Fund.

BookMyShow: Online movie and ticketing platform BookMyShow has raised $100 million from middle market and growth equity investment fund TPG Growth. Existing investors Stripes Group, SAIF Partners, and Accel Partners also participated in Series D round.

Cars24: Used car buying platform Cars24 has raised a $50 million fresh round from Sequoia Capital and its early backers including Cayman Islands-based Kingsway FCI Fund and Toronto-headquartered KCK Global Limited.

Unacademy: Edtech startup Unacademy has raised $21 million Series C round led by Sequoia Capital, Nexus Ventures, SAIF Partners. The round was also participated by its early backer Blume Ventures.

The Ken: Subscription-based online media publication, The Ken has raised $1.5 million Series A round led by Omidyar Network.

OfBusiness: SMEs-focused online lending platform OfBusiness has raised about $29 million in a series C funding round from Creation Investments and Falcon Edge. The Gurugram-based startup also saw participation from existing investors Matrix Partners India and Zodius Capital.

The Viral Fever: Over the top (OTT) platform The Viral Fever has raised an additional $6 million from existing investor Tiger Global.

RupeeCircle: Mumbai-based peer-to-peer (P2P) lending startup RupeeCircle has raised $0.5 million from non-banking financial company Mahindra Finance.

HousingMan: Bengaluru-based property discovery platform HousingMan, has raised $1.5 million in a seed funding round.

Undisclosed deals this week

B2B e-commerce venture Wholesalebox, Online homeopathic healthcare platform WelcomeCure, Gurugram-based bike taxi startup Baxi, Photo-sharing app Vebbler, co-living startup StayAbode, and micro-hospitality startup SaffronStays 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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