funding

Funding in Indian startups this week (10 Sep-15 Sep)

funding
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This week 12 Indian startups received funding, of which nine received a total sum of about $58 million. Among them, Kissht raised the highest investment of $30 million, followed by PharmEasy which raised about $5.5 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

Kissht: Digital lending startup Kissht has raised around $30 million in its Series C round led by Singapore’s Vertex Ventures (SEA and India) and Russia’s Sistema Asia Fund.

Vokal: Vernacular knowledge sharing startup Vokal has raised $1.5 million from Kalaari Capital as a part of Series A round.

Upwards Fintech: Microlender Upwards has raised about $5 million in its Series A funding round led by Chinese venture capital firm Shunwei Capital with participation from existing investors Mayfield and India Quotient.

Mamaearth: Online baby care products startup Mamaearth has raised $4 million in its Series A round led by Stellaris Ventures and existing investor Fireside Ventures.

Verzeo: Bengaluru-based edtech startup Verzeo has raised $5 million in Series A funding from HNI’s of India.

PharmEasy: Online pharmacy startup Pharmeasy has raised $5.5 million in debt from InnoVen Capital.

Bon: Fintech startup Bon, which facilitates digital credit for flexible workers, has raised $1.1 million seed fund led by Omidyar Network.

ShiftKarado: Tech-oriented packers and movers startup, ShiftKarado has raised about $0.7 million from Star WorldWide Group and promoters.

Tappp: Prepaid platform Tappp, which enables global access to premium live sports content, Tappp has secured $5 million Series-A round led by ADvantage.

Undisclosed deals this week

Rev Snacks, BabyChakra, and fantasy football startup LeagueSX did not disclose their financial details on funding.

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

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