This week 16 Indian startups raised funding, of which 10 received a total sum of about $46 million. Among them, Ally raised the highest funding of $15 million followed by Mobikon, which raised $12 million.
Meanwhile, funding for 6 of the total funded startups remained undisclosed.
Below is the summary of deals closed this week:
Ally: Tiger Global has led $15 million Series B round in Ally. Existing investors, including Accel, Vulcan Capital, and Founders Co-op, also participated in the financing round.
Mobikon: Binny Bansal has led $12 million Series B round in marketing and customer engagement platform for restaurants – Mobikon.
Loca: Bengaluru-based startup, Loca, has picked up $1 million in its early investment round led by Fosun RZ Capital and Stellaris Venture Partners.
Wealthy: Fintech startup Wealthy.in has raised $1.3 million in a funding round from Good Capital.
Pee Safe: Hygiene and wellness brand, Pee Safe, has raised $4.2 million in Series A funding led by investment firm Alkemi Growth Capital.
Stage3: Fashion-rental and styling platform Stage3 has raised $2 million in a Pre-Series A funding round led by Blume Ventures.
Crediwatch: Bengaluru-based AI-powered data utility platform Crediwatch has raised $3.2 million in a Series A funding round led by ARTIS Lab along with Abstract Ventures also participated.
Credenc: Delhi-based education loans platform Credenc has raised $2.5 million in a seed funding round led by Omidyar Network India. Other investors, including EMVC , Better Capital and IIMK Alumni Fund also participated.
Log9 Materials: Bengaluru-based startup Log9 Materials has raised $3.4 million in a Series A funding round led by Sequoia India’s accelerator programme Surge and Exfinity Venture Partners.
NutriMoo: Dairy and whole foods startup, NutriMoo, has raised over $1 million from IndoCan Honey.
Undisclosed deals this week
MiStay, The Man Company, Instacar, eBikeGO, Pumpkart and Healofy did not disclose its financial details on funding.
*Every week we track startups that have raised fresh investment. Stay tuned for next week funding roundup