funding

Funding in Indian startups this week (01 Oct- 06 Oct)

funding
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

This week 12 Indian startups received funding, of which 11 received a total sum of about $139 million. Among them, Cardekho raised the highest investment of $75 million followed by Droom, which raised $30 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Droom: Online automobile marketplace Droom has raised $30 million in Series E round led by the family office of Japan-based investor, Joe Hirao.

Vogo: Venture debt firm Alteria Capital has invested $1.09 million in scooter rental platform.

9Stacks: Online poker platform 9Stacks has raised $3.84 million in a Series A funding round led by WaterBridge Ventures and participated by its existing investors.

Vahdam Teas: Premium tea e-tailer Vahdam Teas has raised $2.5 million from existing investors Fireside Ventures in its third institutional round of funding.

Cardekho: Online car classifieds Cardekho has made a tentative closure of $75 million in the latest mega round from new as well as existing investors. The round is still open and it may raise $100 million more.

Disprz: Venture debt firm InnoVen Capital has invested $0.4 million in Disprz, a SaaS-based mobile learning & engagement solution for enterprise knowledge workers and frontline distributed workforce.

GoBOLT: Logistics startup GoBOLT has secured funding of $5.4 million from Aavishkaar-Intellecap Group’s Aavishkaar Bharat Fund.

Origo Commodities: It has raised about $11 million from impact investors Oikocredit, Caspian SME Impact Fund IV, and Triodos Investment Management through its Hivos-Triodos Fund.

InnerChef: Cloud kitchen startup InnerChef has raised around $1.76 million in a fresh funding round from new and existing investors.

Bnext: Mumbai-based enterprise software-as-a-service startup Bnext has raised $0.3 million from undisclosed angel investors.

ElasticRun: Pune-based logistics startup ElasticRun has raised around $8 million in a fresh funding round co-led by Norwest Venture Partners and Kalaari Capital.

Undisclosed deals this week

Health-snack startup Snackibl did not disclose its financial details on funding.

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

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Apply for Unicorn Trip 2019