funding

Funding in Indian startups this week (07 Oct-12 Oct)

funding

This week 14 Indian startups raised funding, of which 9 received a total sum of about $62 million. Among them, Melorra raised the highest funding of $12 million followed by Vahdaam Teas, which raised $10.5 million.

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

Below is the summary of deals closed this week:

Zoomcar: Zoomcar has raised yet another round mix of debt and equity to the tune of $7.8 million from US-based parent entity, Zoomcar Inc and WeWork’s India CEO Karan Virwani.

DealShare: Matrix Partners has co-invested in a $11 million Series A round with Falcon Edge in social commerce startup DealShare.

Sub-k: BASIX Sub-k, a startup that works with a vision to provide a technology-enabled transactional platform to the unbanked population, has r5r5rdxxdxdddraked in $10.5 million in a Series C funding round from Denmark’s Maj Invest.

Vedansh Pratap | Entrackr
Melorra: Online jewellery marketplace Melorra has raked in $12 million fresh round from Lightbox and BlackSoil Capital. Ravi Sheth, the Burmans of Dabur, Rainmaker Ventures, and the Jeejeebhoy family office also participated in the Series C financing round.

CleanseCar: App-based car cleaning service startup CleanseCar has raised $2 million in a pre-series A funding round from a bunch of marquee investors including Haldiram’s family office, Apoorva Ranjan Sharma, Rahul Bothra, and Mitesh Shah among others.

Hevo Data: Unified data platform for mid-size enterprises, Hevo Data, has secured $4 million in a funding round led by Sequoia Capital and Chiratae Ventures.

Vahdam Teas: Online tea brand Vahdam Teas has raised $10.5 million in a Series C funding round led by Sixth Sense Ventures with the participation of S Gopalakrishnan, SAR Group family office, and Pankaj Chaddah. Existing investor Fireside Ventures also contributed.

Juno: Neo banking startup Juno has raised $3 million in a seed funding round led by Sequoia Capital and Polychain Capital. Dragonfly Capital, Consensys Labs, Astarc Ventures, Jitendra Gupta, and Nitin Sharma, among others, also participated.

Smytten: Online discovery platform for premium products Smytten, has raised $1.5 million in funding from Roots Ventures.

Undisclosed deals this week

Rural e-commerce startup Boonbox,  location intelligence startup GeoIQ, jobs marketplace Vahan.Ai, and Clothing brand Kosha, Neuroscience startup NeuroLeap 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

funding

Funding in Indian startups this week (07 Oct-12 Oct)

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]
X