Funding in Indian startups this week (30 July-04 August)

funding

This week 19 startups received funding, of which 13 received a total sum of about $297 million. Among them, Cure.fit raised the highest investment of $120 million, followed by Freshworks which raised about $100 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

ZiffyHomes: Home rental marketplace ZiffyHomes has raised $0.12 million from one of the largest accelerators in the world Y Combinator.

Samosa Labs: Social media and chat entertainment startup Samosa Labs has raised $7 million in a fresh funding round led by Chinese smartphone maker Xiaomi and venture capital firm Sequoia Capital India.

Purple Style Labs: Online luxury fashion store Pernia’s Pop Up Shop has floated a joint venture with Purple Style Labs(PSL) for business growth and raised $3 million from Flipkart’s Binny Bansal, PayU India’s Jitendra Gupta and Astarc Ventures.

Lendingkart: Digital lending platform Lendingkart has raised $44 million in a non-convertible debentures (NCD) round led by Aditya Birla Sun Life AMC along with another entity.

Freshworks: B2B SaaS space Freshworks has scooped up $100 million Series G round co-led by Sequoia Capital and Accel Partners. Alphabet Inc-owned CapitalG also participated in the round.

MyHealthcare:  Healthtech startup has received $2 million as Series A funding led by Hunch Ventures. Ajay Nanavati, Angel Investor and former MD of 3M India and Israel, participated in the round.

HealthPlix: Healthtech startup HealthPlix has raised $3 million in a Series A funding round led by IDG Ventures India and Kalaari Capital.

Cure.fit: Fitness startup Cure.fit has raised $120 million in its Series C funding round led by IDG Ventures, Accel Partners, and Kalaari Capital. It also saw participation from Chiratae Ventures and Oaktree Capital.

Shuttl: App-based on-demand shuttle (bus) service, Shuttl has raised $11 million in its Series B funding round led by Amazon India, Amazon Alexa Fund and Dentsu Ventures.

Racetrack.ai: Artificial Intelligence start-up providing solution for sales and support to businesses, Racetrack.ai has raised $5 million in pre-Series A funding from a clutch of Indian and global investors.

Actionable Science: Artificial intelligence startup Actionable Science has raised $1 million in seed funding from online venture capital firm Globevestor and California-based fund Tri-Valley Ventures.

Flinto: InnoVen Capital has made an investment of $0.8 million in Chennai based education firm Flinto Learning Solutions.

Dishq: Bengaluru-based personalisation technology firm focusing on the food and beverage industry, Dishq has raised $0.4 million in a pre-seed round of funding.

Undisclosed deals this week

Cold chain logistics startup Tessol, CSR lifestyle management platform Goodera, NewsDog, operating system maker PrimeOS, patient financing platform Healthfin, and Coolberg Beverages 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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