Funding in Indian startups this week (15 April-20 April)


This week 10 Indian startups received funding, of which 7 received a total sum of about $20 million. Among them, Shuttl raised the highest funding of about $5 million followed by Kuvera which raised about $4.5 million.

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

Below is the summary of deals closed this week:

Increff: End-to-end supply chain management startup has picked up $3 million in Series A round led by Flipkart co-founder Binny Bansal and venture firm anchored him called 021 Capital.

Routematic: Transport automation software provider Routematic has raised $2.5 million in a pre-Series A round led by former CEO of Coffee Day – Naresh Malhotra. Existing investor VAMM ventures also participated.

Kuvera: Wealth management platform Kuvera that deals in mutual funds has raised $4.5 million in its Series A funding round led by Eight Roads, the proprietary investment arm of Fidelity International.

MyHealthcare: Sixth Sense Ventures has put $3 million in healthtech startup MyHealthcare as a part of ongoing Series A round.

Shuttl: In a funding round led by US-based venture capital firm New Atlantic Ventures, bus aggregator Shuttl has raised $5 million. The startup aspires to take the round up to $20 million and its valuation is expected to cross $150 million mark.

WhiteHat Jr: Mumbai-based edtech startup WhiteHat Jr has raised $1.3 million in a seed funding round from Nexus Venture Partners and early-stage investment firm Omidyar Network India Advisors.

Rapawalk: Online footwear brand Rapawalk has secured $0.35 million in its angel round of funding from Raveen Sastry, co-founder of Myntra, Sanjay Ramakrishnan, former marketing chief at Myntra among others.

Undisclosed deals this week

Swadha Energies, CivilCops and AtomX 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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