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.
