Funding in Indian startups this week (05 Nov-10 Nov )

funding

This week only eight Indian startups received funding, of which four received a total sum of about $66 million. Among them, Meesho raised the highest investment of $50 million followed by Quantela, which raised about $10 million.

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

Below is the summary of deals closed this week:

List of disclosed funding deals this week

Meesho: Shunwei Capital has led a $50 million Series C round in social commerce startup Meesho. The round was also participated by DST Partners and RPS Ventures,  SAIF Partners, Y Combinator, Venture Highway and Sequoia Capital.

Dunzo : Google-backed task management app Dunzo has raised about $1 million by issuing non-convertible debentures to venture debt firm Alteria Capital. This is Alteria’s sixth investment since its launch in last year.

Mobile Premier League: Digital gaming startup Mobile Premier League (MPL) has raised $5 million in its Series A round of funding led by Sequoia Capital.

Quantela: Smart city automation and AI solutions provier, raised $10m in equity funding.

Undisclosed deals this week

Hyderabad-based Startoon Labs, healthtech startup Healthcubed, meat retail chain Let’s Meat and edtech startup iChamp 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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