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Funding in Indian startups this week (06 May- 11 May)


This week 19 Indian startups received funding, of which 14 received a total sum of about $126 million. Among them, Healthkart raised the highest funding of about $25 million followed by Udaan  which raised about $19.8 million.

Meanwhile, funding for 5 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

GramFactory: B2B marketplace GramFactory has raised $1 million in a funding round led by venture capital firm BEENEXT.

Udaan: B2B e-commerce platform Udaan has raises $19.8 million from Singapore-based holding company –  Trustroot Internet Pte.

Classplus: Edtech startup Classplus has bagged $1.6 million in pre-Series A round led by Times Internet and GREE Ventures. Japanese VC firm Spiral Ventures and existing investor Rising Stars Fund also participated in the round.

Kinara Capital: MSMEs-focused lending company Kinara Capital has raised $14.2 million in a fresh round from existing investors Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation and Patamar Capital.

TagBox: Bengaluru-based supply chain industrial internet of things (IIoT) and machine learning platform TagBox, has raised $3.85 million in Series A round led by TVS Motor Company and its Singapore-based subsidiary.

CollegeDekho: Edtech startup CollegeDekho has raised $8 million in Series B round from existing investors – Girnarsoft and Man Capital.

StashFin: Digital lending startup StashFin has raised $15 million in debt from Temasek-owned Fullerton Financial Holdings. The fund will be used for onward lending to young salaried professionals.

Update: Stashfin raised $15 million, not $30 million. The post has been updated.

Wizikey: SaaS-based product – Wizikey  – that connects businesses to journalists has raised $0.35 million from angels investors including Alok Mittal, Ambarish Raghuvanshi, Saumya Meattle, Raman Roy, Ajai Choudhary, Arun Duggal, and others (via IAN).

Peel-Works: Grocery and FMCG products focused procuring platform for retailers Peel-Works has raised $5 million Series B round led by Equanimity Ventures, HDFC Bank, Bruno Raschle. Existing investors Unilever, Chiratae and Inventus also participated in the financing round.

Chumbak: Lifestyle retailer Chumbak has bagged $10 million in Series D round led by private equity firm Gaja Capital with the participation of existing investor Matrix Partners.

Skillenza: HR tech startup Skillenza has raised $1 million in a pre-series A funding round led by CBA Capital’s Education Catalyst Fund (ECF).

Healthkart: Healthtech startup HealthKart has raised $25 million from Sofina in a fresh round of financing.

Fitternity: Mumbai-based fitness discovery and booking startup Fitternity has raised $4 million in a fresh funding round from Sixth Sense Ventures.

The Ayurveda Experience: Kalpavriksh, the private equity arm of financial services firm Centrum, announced that it has invested about $2.2 million in The Ayurveda Experience.

Undisclosed deals this week

Regional social contests and games platform Bakbuck, Ola Electric Mobility, healthcare venture CapBuild Clinical Skills, online fitness community SQUATS and Rare Planets 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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