Funding in Indian startups this week (16 Dec-21 Dec)


This week 23 Indian startups raised funding, of which 18 received a total sum of about $381 million. Among them, Lenskart raised the highest funding of about $231 million followed by Licious, which raised $30 million.

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

Below is the summary of deals closed this week:

Springboard: Online learning platform for workforce upskilling Springboard has raised $11 million in a “post series A” funding round led by San Francisco-headquartered early-stage VC firm Reach Capital.

HungerBox: Corporate and office food caterer HungerBox has secured $12 million in a Series C funding round from Paytm, NPTK Emerging Asia and existing investors Sabre Partners and Neoplux.

Vedansh Pratap | Entrackr

Licious: Fresh meat and seafood brand Licious has scooped up $30 million in Series E round led by Singapore-based Vertex Growth Fund. Existing investors – 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, and Sistema Asia Fund also participated.

InCred: Consumer and small and medium enterprises focused digital lending app InCred has raised $5.9 million in debt.

Lenskart: SoftBank has invested $231 million in hybrid eyewear retailer Lenskart at around $1.5 billion valuation.

Quantiphi: Artificial Intelligence and machine learning software and services company Quantiphi has secured $20 million in a funding round from private equity firm Multiples Alternate Asset Management.

ZestMoney: Point-of-sale consumer finance startup ZestMoney has raised $15 million in extended Series B round led by Goldman Sachs. Existing investors Naspers Fintech, Quona Capital, and Omidyar Network also participated in it.

Appnomic: SaaS startup Appnomic has raised $22 million in a round led by Avataar Ventures, a growth-stage fund focused on India & South-East Asia market.

LivFin: Fintech firm focused on small and medium enterprises LivFin has raised $5 million in an equity funding round led by German development finance institution DEG.

Kaleidofin: Fintech platform Kaleidofin has announced the closure of its $5 million worth Series A funding round led by Oikocredit along with Flourish, Omidyar Network India, Blume Ventures, Shlomo Ben-Haim, and Bharat Inclusion Seed Fund also participated.

Toffee Insurance: Bengaluru-based online insurance platform Toffee Insurance has raised $5.5 million in a Series A round led by IVM Intersurer along with Omidyar Network, Flourish Ventures, Accion Venture Lab, and Kalaari Capital also participated.

Seekify: Delhi-based customer experience automation platform Seekify has raised $1.5 million in a seed round of funding led by Sequoia Capital’s Surge along with Nishant Rao, Gaurav Agarwal, and Sameer Maheshwari also participated.

Henry & Smith: Delhi-based online clothing brand Henry & Smith has raised $1 million in a seed funding round led by WEH Ventures and Rukam Capital along with LetsVenture also participated.

Pristyn Care: Healthcare service provider Pristyn Care has picked up Series B round worth $12 million led by Sequoia Capital India, Hummingbird Ventures, Greenoaks Capital and AngelList.

Bijak: Business-to-business agricultural trade platform Bijak has raised $2.5 million in seed funding round Omnivore, Omidyar Network India, Sequoia Capital India’s Surge and Better Capital.

Slintel: Marketing intelligence startup Slintel has raised $1.5 million in a seed funding round led by Bengaluru-based Stellaris Venture Partners.

Witblox: Mumbai-based edtech startup Witblox has raised funding of $0.18 million from Mumbai Angels Network.  The company said 24 investors from Mumbai Angels Network participated in this round.

truMe: Identity and access management platform truMe has raised $0.14 million from angel investor Rajan Kaistha.

Undisclosed deals this week

Open Secret, DROR, Azah,  Finly and Cub McPaws 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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