This week 12 Indian startups received funding, of which 9 received a total sum of about $258 million. Among them, Grofers raised the highest funding of about $200 million followed by Dailyhunt which raised about $22 million.
Meanwhile, funding for 3 of the total funded startups remained undisclosed.
Below is the summary of deals closed this week:
Grofers: Online grocery firm Grofers has raised $200 million led by Softbank Vision Fund.
Dailyhunt: News aggregator Dailyhunt has raised $22 million from Belgium-based investment company Sofina SA as a part of Series E round. With this, the firm’s valuation has reached $534 million.
StoreKing: Rural e-commerce enabler StoreKing that partners with small town kirana and retail stores to offer digital services has scored a fresh round of $3 million from Silver Cap Limited.
Docttocare: Healthcare service provider Docttocare has raised $0.57 million in seed funding from startup mentor Krishnakumar Devnally, Director of mPower Solutions.
Locus: Supply chain optimisation startup Locus has raised $22 million in Series B round led by Falcon Edge Capital and Tiger Global with participation from existing investors – Exfinity Venture Partners and Blume Ventures.
Craftsvilla: Online ethnic and jewelry store Craftsvilla has raised yet another $0.85 million tranche from Singapore based parent Supera Investments.
Blackbuck: Logistics startup Blackbuck has received the fourth tranche of its ongoing Series D round from Light Street Capital. The US-based VC’s India focussed fund has invested close to $7 million.
Ethereal Machines: Deep-tech startup focused on the manufacturing industry, has raised $1 million in its pre-Series A round led by Blume Ventures.
Undisclosed deals this week
*Every week we track startups that have raised fresh investment. Stay tuned for next week funding roundup