Funding in Indian startups this week (13 Aug-18 Aug)

funding

This week only 11 startups received funding, of which eight received a total sum of about $115 million. Among them, Novi Digital (Hotstar parent) raised the highest investment of $74 million, followed by Gamepind which raised about $16 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

EazyDiner: Online table reservation startup  EazyDiner has raised $5.8 million in funding led by Denlow Investment Trust and early-stage investment firm Beenext.

Ultraviolette Automotive: Ultraviolette, an electric two-wheeler, and energy infrastructure startup has raised $0.86 million in extended Series A round from TVS Motor Company.

Vogo: Scooter sharing startup Vogo has raised around $7 million in its Series A round led by Ola’s parent ANI Technologies and Hero MotoCorp chairman Pawan Munjal.

Gamepind: Paytm parent One97 Communications and AGTech Holdings have put in $16 million in Gamepind, a joint venture between both Alibaba-backed companies.

Observe.AI: Artificial Intelligence startup Observe.AI has received $8 million in Series A funding round led by Nexus Venture Partners. It also saw participation from MGV, Liquid 2 Ventures, Hack VC and existing investors Emergent Ventures and Y Combinator.

Inthree Access:  Rural e-commerce startup Inthree has raised $4 mn in a Series A funding led by Ventureast. It also saw participation from Orios Venture Partners and the IAN Fund.

Novi Digital: Over-the-top content platform Hotstar’s owner Novi Digital media has received an infusion of about $74 million from Star US.

Enaksi: Ahmedabad-based online apparel brand for women Enakshi, has raised $0.11 million in seed funding from two undisclosed Gujarat-based investors

 Undisclosed deals this week

Gaming startup InstaSportz, food and beverage brand &ME, and GAIA Bespoke 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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