funding

Funding in Indian startups this week (29 Oct- 03 Nov )

funding

This week 16 Indian startups received funding, of which 13 received a total sum of about $98 million. Among them, IndiWealth raised the highest investment of $30 million followed by Veritas Finance, which raised about $27 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

Lucideus: Cyber security firm Lucideus has scooped up $5 million from John Chambers. The fresh funding will be used to expands footprint in the US and existing market India.

GamingMonk: Online gaming platform GamingMonk has raised $0.55 million in its second round of funding from Japan-based Incubate Fund, Rajan Anandan, VP, Google India & South East Asia.

IndWealth: Ashish Kashyap, who made a comeback again as an entrepreneur with full stack wealth management app IndWealth, raises $30 million for the new venture from Steadview Capital.

Truebil: Online marketplace for pre-owned cars Truebil has raised $1.35 million in a fresh round of funding from venture debt firm Trifecta Capital.

Invenmi: Bengaluru-based ready-to-drink tea maker Invenmi has raised $0.15 million in a seed funding round from Austin Seed Ventures.

Sukkhi: online fashion jewellery startup Sukkhi has raised $7 million from Carpediem Capital & Duane Park.

NIRA: Fintech startup has raised $1 million seed funding from angel investors in the UK and India.

GO DESi: Bengaluru-based startup GO DESi has raised $0.13 million in funding led by Lead Angels Network with participation from other angel Investors including serial entrepreneur R Ramaraj.

Medikabazaar: Online B2B aggregator for medical supplies Medikabazaar has raised $5 million in a Series A funding round led by HealthQuad.

Veritas Finance: MSME lender Veritas Finance has raised $27 million in Series D round led by Norwest Venture Partners.

Turms: Bengaluru-based online apparel brand Turms has raised $0.87 million led by Freshworks founder Girish Mathrubootham.

Sentieo: Financial research platform Sentieo has raised $19 million Series A funding led by Centana Growth Partners with participation from existing investors.

Captain Zack: Online pet grooming startup Captain Zack has secured $1.5 million in a pre-Series A round of funding led by industrialists Kushal Desai and Chaitanya Desai.

Undisclosed deals this week

Edtech startup Eupheus Learning, virtual reality startup HoloSuit, and bike-sharing app Mobycy 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

funding

Funding in Indian startups this week (29 Oct- 03 Nov )

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