Funding in Indian startups this week (25 Feb-02 Mar )


This week 16 Indian startups received funding, of which 9 received a total sum of about $194 million. Among them, Zomato raised the highest funding of about $62.25 million followed by Grofers, which raised $60 million.

Meanwhile, funding for 7 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

Zomato: Delivery Hero has led $62.25 million in Zomato. Shunwei Capital and Saturn Shine also participated in the round.

Ola Electric Mobility: A subsidiary of ANI technologies Ola Electric Mobility has picked up $56 million in its first round of external funding led by early backers of Ola – Tiger Global, Matrix Partners, and Sarin Family India LLC.

Grofers: Online grocery platform Grofers has raised $60 million fresh funds in Series F round from SoftBank Vision Group. The investment appears to be a part of $120-140 million round.

Proklean: Chennai-based cleantech startup Proklean has raised about $0.24 million in fresh funding round from GSR Travel and Retail Ventures and Sanjeev Bikhchandani – founder and executive vice chairman of Info Edge.

Fingerlix: Foodtech major Swiggy has invested $4.4 million in Series C round in ready-to-cook food startup Fingerlix.

HomeLane: Online home interiors and renovation startup Homelane has raised $4.56 million in a bridge round led by existing investors JSW Ventures, Accel Partners and Sequoia Capital.

NIRAMAI: AI-based healthtech startup NIRAMAI has raised $6 million in a Series A round of funding led by Dream Incubator with participation from BEENEXT and other investors.

Bulbul App: Hyderabad-based early childhood app, Bulbul has raised $0.5 million in a fresh round of funding from Xseed Partners, Operator VC, Anblicks and Infolob.

CloudSEK: SaaS-based information security risk management solutions, CloudSEK has raised $0.49 million in a fresh funding round from IDFC Parampara Early Stage Opportunities Fund.

Undisclosed deals this week

Men’s grooming startup The Man Company, IoT and hardware-driven startup Nymble Labs, HomeCapital, Aidia Technovations, nCore Games, MovingNow and 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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