funding

Funding in Indian startups this week (17 June-22 June)

funding

This week 17 Indian startups received funding of about $60 million. Among them, Druva raised the highest funding of about $382 million followed by Razorpay, which raised about $75 million.

Below is the summary of deals closed this week:

Druva: Cloud data protection and management startup Druva has raised $130 million from US-based hedge fund Viking Global Investors, Neuberger Berman, and Atreides Management.

Droom: Automobile marketplace Droom has received $10 million from the Singapore-based holding entity. The infusion from the offshore entity has come at a time when the Gurugram-based firm has been scouting for a Series F round.

Postman: API development environment startup Postman has raised $50 million in a Series B round led by Valley-headquartered CRV with participation from existing investor Nexus Venture Partners.

Razorpay: Digital payments solution provider Razorpay has bagged $75 million in Series C round led by US-based venture capital firm Ribbit Capital and Sequoia India. Existing backers Tiger Global Management and Y Combinator’s Continuity Fund also participated in the round.

Bounce: Chiratae Ventures, Accel India, Sequoia India and Omidyar Network and several others are pouring over $72 million worth Series C round in Bounce.

Active.AI: Fintech startup Active.Ai has raised $3 million from Spanish banking group Banco Sabadell in an extended Series A funding round.

Ninjacart: Bengaluru-based B2B agritech startup Ninjakart has raised $2.87 million in venture debt round from existing investor Trifecta Capital.

Zoomcar: Automaker Mahindra has put in $1.76 million debt fund in self-drive car rental platform Zoomcar.

Wysa: Conversational artificial intelligence bot made for improving mental health fitness, Wysa has secured about $2.1 million in pre-Series A round led by Pi Ventures along with participation from Kae Capital and few other investors.

Biryani By Kilo: Premium biryani chain and cloud kitchen brand Biryani By Kilo has raised $4.28 million in its Series A round led by IvyCap Ventures.

Dunzo: Hyperlocal delivery platform Dunzo has raised another small round of about $0.42 million from Moving Capital, a US-based an early-stage venture fund floated by former Uber executives — William Barnes and Josh Mohrer.

Finwego: Education finance company Finwego that addresses the credit needs of key stakeholders of a K-12 school – teachers, parents, and school management, has raised $1.5 million seed fund from SAIF Partners along with other HNIs and angels.

Vogo: Two-wheeler rental startup Vogo has secured capital from a clutch of angel investors. Former Myntra CEO Ananth Narayanan, Growth Story’s K Ganesh, Spark TV’s Srini Anumolu and SVG Media founder Manish Vij have invested  $1.1 million in the Bangalore-based firm.

Lendingkart: Venture debt fund Alteria Capital has made one of its largest investment of $11.42 million in digital lending platform Lendingkart.

SwitchOn: Industrial tech startup SwitchOn has raised $1 million in seed funding round led by piVentures along with participation from Axilor Ventures and several angels from The Chennai Angels.

Practo: Bengaluru-based healthtech platform Practo has raised $17.2 million from Trifecta Capital and other internal investors.

CapitalQuotient: Fintech startup CapitalQuotient has raised $0.6 million in a pre-Series A funding round from the family office of a high-net-worth individual (HNI).

Undisclosed deals this week

No undisclosed funding this week.

*Every week we track startups that have raised fresh investment. Stay tuned for next week funding roundup

funding

Funding in Indian startups this week (17 June-22 June)

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Below is the bank details:

 
Amount: INR 3,00,000 + GST (TDS to be deducted 2%)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
Kindly make the payment to confirm your seat for Unicorn trip 2.1. For any other queries/concern: pls drop a email on: [email protected] or [email protected]

Overcome FOMO
With Our Daily Newsletter

X