funding

Funding in Indian startups this week (24 Dec-29 Dec )

funding

This week only 9 Indian startups received funding, of which 6 received a total sum of about $50 million. Among them, Design Cafe raised the highest funding of about $28.5 million followed by Blackbuck, which raised $12.43 million.

Meanwhile, funding for 3 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

List of disclosed funding deals this week

FabAlley: High Street Essentials that owns women-focused fashion apparel brand FabAlley and Indya has raised $8.5 million in Series B round led by SAIF Partners.

Design Cafe: Online interior design startup Design Cafe has raised $28.5 million from WestBridge Capital in an equity financing round. The funding round also saw participation from existing investor Fireside Ventures.

Blackbuck: Zinka Logistics Solutions which operates B2B logistics startup Blackbuck, has raised $12.43 million from existing investors.

Besides, Gray Matters has invested in three startups including Delhi-based education financing marketplace GyanDhan ($0.12 million), Hyderabad-based English language training organisation Ignis Careers ( $0.15 million) and Cuttack-based social enterprise solution provider ThinkZone ($0.10 million).

Undisclosed deals this week

Concierge service provider for Divinity 27 Mantraa, poker startup Pocket52 and AI startup Tranzmeo 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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funding

Funding in Indian startups this week (24 Dec-29 Dec )

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