Iron Pillar

Funding in Indian startups this week (9 July-14 July)

Iron Pillar
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This week 17 startups received funding, of which 14 received a total sum of about $33 million. Among them, IndiaLends and Headout raised the highest investment of $10 million each, followed by Shop101 which raised about $5 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

McXtra: Digital insurance broking startup McXtra has raised $1.3 million in its pre-Series A round from a clutch of 12 investors.

Wishberry: Crowdfunding platform for filmmakers & creative artist, Wishberry has raised $1.46 million in Series A funding led by Reliance Big Entertainment, Dr. Sunil Patil, director of Scrabble Entertainment and 3one4 Capital.

SmartVizX: Virtual reality startup SmartVizX has raised $1.46 million in pre-series A funding from YourNest Venture Capital and the Indian Angel Network’s IAN fund.

Shop101: Mumbai-based social e-commerce platform Shop101 has raised $5 million in its Series A funding round led by Stellaris Venture Partners.

Groww: Online investment startup Groww has raised $1.6 million in a pre-series A funding round from Insignia Venture Partners, America’s Lightbridge Partners, and Kairos fund.

IndiaLends: Fintech startup IndiaLends has raised $10 million in its Series B round of funding led by London-based ACPI Investment Managers and India-focused Ganesh Ventures.

ZippServ: ZippServ, a real estate risk assessment platform raised Pre-Series A funding of $0.43 million from their existing investor Info Edge.

MEngage: Jaipur-based doctor-patient engagement platform, MEngage has raised $0.17 million in seed funding from a clutch of angel investors.

Boodmo: Online marketplace for auto component Boodmo has raised $0.73 million worth of investment through FDI from an undisclosed investor.

Headout: Marketplace for local experiences for travellers Headout has raised $10 million in a Series A round of funding from existing investors Nexus Venture Partners and Version One Ventures.

Placio: Noida-based student housing startup, Placio has raised $0.05 million in seed funding for its venture of food business.

Avenue Growth: Gurugram-based sales professionals aggregator platform, Avenue Growth has raised $0.43 million in its Pre-Series A funding.

19th Mile: Artificial intelligence-based sales acceleration software platform 19th Mile has raised $0.18 million in angel investment from high-net-worth individuals.

The Mumum Co.: Mumbai-based startup that sells healthful snacks for children, The Mumum Co. has raised $0.5 million in angel funding from a clutch of individual investors.

Undisclosed deals this week:
Online procurement portal for office supplies Kobster, edtech startup Magic Crate, and customer experience management startup Survaider 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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