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Funding in Indian startups this week (03 Sep-08 Sep)


This week 16 Indian startups received funding, of which ten received a total sum of about $526 million. Among them, Udaan raised the highest investment of $225 million, followed by GreyOrange which raised about $140 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

GreyOrange: Warehousing automation and robotics startup GreyOrange has raised $140 million in its Series C funding round led by silicon valley-based Mithril Capital. It also saw participation from Flipkart co-founder Binny Bansal and existing investor Blume Venture.

Dream11: Fantasy sports platform Dream11 has raised around $100 million round from Tencent Holding, said two sources close to the development.

Chaayos: Tea cafe chain startup Chaayos has raised $12 million in its Series B funding round from SAIF Partners, Hong Kong-based Integrated Capital and Singapore based growth stage investment firm Pactolus.

Nykaa: Online beauty and personal care product retailer Nykaa has raised around $15.7 million from Lighthouse India Fund III, an affiliate of Lighthouse Advisors via secondary share sales.

DailyHunt: Vernacular focused news and entertainment aggregation DailyHunt has raised over $6 million as a part of Series E funding round from New York-based hedge fund Falcon Edge.

SlicePay: Fintech startup SlicePay which offers instant credit to students and young professionals has raised about $15 million Series-A funding led by Chinese lending company FinUp Finance Technology Group.

Udaan: B2B e-commerce marketplace that connects manufacturers, wholesalers, traders, and retailers has raised $225 million from Yuri Milner’s DST Global and Lightspeed Global Growth.

Flyrobe: Mumbai-based online fashion rental platform Flyrobe has raised around $3.71 million from existing investors IDG Ventures and Sequoia Capital.

Haazri: Tea Startup Haazri has raised about $0.17 million seed round from Artha Venture Fund.

CloudCherry: Chennai- and US-based SaaS startup CloudCherry has raised $9 million in the second round of Series A funding from Pelion Venture Partners.

Undisclosed deals this week

Edtech startup SRJNA, Artificial intelligence (AI) startup Mad Street Den, eyewear marketplace ClearDekho, sports startup Heelium, retail tech startup SignCatch, and OTA platform HappyEasyGo 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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