Funding in Indian startups this week (23 July-28 July)

funding

This week 21 startups received funding, of which 18 received a total sum of about $161 million. Among them, Digit Insurance raised the highest investment of $45 million, followed by Educational Initiatives which raised about $25 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

Vokal: Peer-to-peer knowledge sharing platform Vokal has raised a $5 million Series A round led by Chinese investor Shunwei Capital, 500 Startups. Existing investors of the Bengaluru-based startup such as Accel India and Blume Ventures also participated in the round.

Aye Finance: Micro, small and medium enterprises (MSMEs)-focused lending platform Aye Finance has raised $10 million in debt funding from global impact investment managers Triple Jump BV and MicroVest Funds.

Awfis: Co-working space provider Awfis has raised $20 million in series C funding from its existing investors Sequoia Capital, The Three Sisters: Institutional Office (TTS:IO) led by Radha Kapoor and Temasek-backed InnoVen Capital.

Altizon: A platform for developing solutions based on industrial Internet of Things (IIoT), Altizon has raised around $1 million from existing investors Wipro Ventures and The Hive.

LoginRadius: Cloud-based customer identity platform LoginRadius has raised $17 million in a funding round led by ForgePoint Capital and Microsoft’s Venture Fund M12.

LifCare: Healthcare startup LifCare has raised $11 million in its Series B funding round led by Saif Partners & Nexus Venture Partners.

Iqlect: Web analytics solution provider Iqlect has raised $2.5 million led by new investor VentureEast and existing investor Exfinity Ventures.

Entropik: Emotion recognition startup Entropik has raised $1.1 million from Bharat Innovation Fund and Parampara Capital.

Trell: Experience discovery platform Trell has raised $1.25 million in a funding round led Singapore-based Beenext and Mumbai-headquartered WEH Ventures. Sprout Venture Partners, Google India MD Rajan Anandan among others also participated in it.

VTION: Media measurement analytics firm VTION has secured a funding of $0.28 million from AngelList India.

myHQ: co-working space startup myHQ has raised $0.5 million in a funding round led by Anupam Mittal, founder of People Group.

AyurUniverse: Online aggregator for ayurveda and yoga centres AyurUniverse has raised $1 million from Ladhani family.

Digit Insurance: Online insurance startup Digit Insurance has raised $45 million from existing investor Fairfax Holdings.

Kishlay Foods: Snacks maker Kishlay Foods has raised $15 million from Norwest Venture Partners and Intensive Softshare.

Infinite Uptime: Pune-based industrial Internet of Things (IoT) startup Infinite Uptime has raised $5 million in a Series A funding round.

Log 9 Materials: Bengaluru-based nanotechnology startup Log 9 Materials has raised $0.43 million in an extended pre-Series A round from Metaform Ventures, others.

Educational Initiatives: Gaja Capital has made an investment of $25 million in Educational Initiatives from its third fund.

Kidovators: Skill learning platform Kidovators has raised $0.18 million in seed round from impact investor Gray Matters Capital.

Undisclosed deals this week

Bitla Software, smart SMS app Kyte.ai, and Lal10 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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