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


This week 14 Indian startups received funding, of which 10 received a total sum of about $148 million. Among them, Icertis raised the highest funding of $115 million followed by MyMoneyMantra which raised $15 million.

Meanwhile, funding for 4 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

Icertis: Pune and Seattle-based enterprise contract management software provider Icertis has made entry into Unicorn club with latest $115 million Series E round from US-based venture capital firm Greycroft and PremjiInvest.

Grofers: Online grocery delivery firm Grofers has raised an additional  $10 million in the existing round of funding from Abu Dhabi based Capital Investments.

Shruti Gupta | Entrackr

Mobikwik: Digital payments platform Mobikwik has raised $1.26 million from New Delhi Television Ltd (NDTV) and Trifecta Capital.

Rentomojo: Furniture, electronics, and appliance-centric consumer leasing platform Rentomojo has scooped up an investment of $0.16 million from Renaud Laplanche, the co-founder and CEO of the debt refinancing company, Upgrade, Inc.

Rapido: Bike taxi platform Rapido has scooped up fresh funding of $0.21 million from Karina Choudhrie.

boAt: Consumer electronics startup boAt has raised $2.89 million in venture debt from Sachin Bansal-steered BAC Acquisitions.

Ninjacart: Bengaluru-based B2B agritech startup Ninjacart has raised an investment of $0.43 million from Clark Valberg, the founder of digital product design platform InVisionApp.

MyMoneyMantra: MyMoneyMantra has raised $15 million from Europe-based Vaalon Capital.

Procol: Blume Venture and Zerodha-backed Rainmatter Capital have invested $1 million in a seed funding round in Delhi-based procurement startup Procol.

Akiva Superfoods: Organic and health products startup Akiva Superfoods has raised $2 million in a Series A funding round led by Alkemi Venture Partners.

Undisclosed deals this week

Teabox, SARVA, Ambee, and Toch 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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