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

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

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, 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.

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Below is the bank details:

Amount: INR 3,19, 000 (After Adding 18% GST and Deducting 2% TDS)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
Kindly make the payment to confirm your seat for Unicorn trip 2.0. For any other queries/concern: pls drop a email on: [email protected]