funding

Funding in Indian startups this week (06 Aug-11 Aug)

funding

This week 18 startups received funding, of which 10 received a total sum of about $188 million. Among them, PhonePe raised the highest investment of $66 million, followed by ZipGo which raised about $44 million.

Meanwhile, funding for 8 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

List of disclosed funding deals this week

ZipGo: Bus aggregator ZipGo has raised about Rs 300 crore (approx $44 million) Series B round from Essel Infra, an infrastructure arm of the Essel group.

Weekly Funding

Metro Bikes: Motorcycle and scooter-sharing startup has raised $12.2 million in funding from Sequoia India and Accel Partners, along with a consortium that includes Raghunandan G, founder of TaxiForSure.

Hansel.io: Mobile application management platform Hansel.io has raised $4 million in a round led by Vertex Ventures. Existing investors IDG Ventures India and Endiya Partners also participated in the financing round.

PhonePe: Flipkart has infused $66 million (Rs 452 crore) into its payments arm PhonePe.

Shadowfax: E-commerce and hyperlocal focused B2B logistics platform Shadowfax has raised $22 million in Series C funding led by Nokia Group Partner (NGP) Capital. Qualcomm Ventures, Mirae Asset, and existing investor Eight Roads Ventures also participated in the round.

ShopX: Assisted e-commerce platform ShopX, which partners with retailers and local kirana store owners in smaller towns, has raised $35 million from Fung Strategic Holdings.

HappyEMI: Consumer finance company HappyEMI has raised $1 million from AJ Ventures and Jain International Trade Organisation Angel Network.

Quizizz: Edtech startup Quizizz has raised $3 million in a round led by Nexus Venture Partners with participation from existing investors Prime Venture Partners and angels.

Propelld: Bengaluru-based fintech startup Propelld has raised $0.25 million in seed funding from Indian Angel Network and IAN Fund.

Prest Loans: Digital lending platform Prest Loans has secured debt funding of about $0.25 million from AU Small Finance Bank, INCRED, MAS Finance, and others.

Undisclosed deals this week

Chennai-based sports tech startup Run Adam, kidtech startup OckyPockyNestAway, Mswipe, Lenskart, Guardian Healthcare, Olly Credit, hyperlocal video news platform Lokal did not disclose their financial details.

*Every week we track startups that have raised fresh investment. Stay tuned for next week funding roundup.

funding

Funding in Indian startups this week (06 Aug-11 Aug)

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

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]

Overcome FOMO
with our Daily Newsletter

X