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funding

Funding in Indian startups this week (23 Dec-28 Dec)

funding

This week 10 Indian startups raised funding, of which 6 received a total sum of about $77 million. Among them, HomeLane raised the highest funding of about $30 million followed by Eduisfun, which raised $28 million.

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

Below is the summary of deals closed this week:

Eduisfun: Educational technology startup Eduisfun has secured $28 million in its maiden round of funding from a list of marquee angel investors and high net-worth individuals, including Deepak Parekh and Amitabh Bachchan, who have invested in their personal capacities.

HomeLane: Online home interior design platform HomeLane has raised $30 million in a Series D round led by Evolvence India Fund, Pidilite Industries and FJ Labs. The funding round also saw participation from the existing backers – Sequoia Capital, Accel Partners and JSW Ventures.

Bombay Shaving Company: Online private label brand for male grooming products, Bombay Shaving Company (BSC) has raised $6.3 million in a new financing round, led by Sixth Sense Ventures along with existing investor Colgate Palmolive Asia Pacific also participated.

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.

Nu Genes: Seed company focused on nutrition crops, Nu Genes has raised $6 million from Sathguru Catalyser Advisors, the asset management company of Innovation in Food and Agriculture (IFA) Fund.

Leverage Edu: University Admissions & Career Guidance platform Leverage has raised over $1.5 million co-led by DSG Consumer Partners & Blume Ventures. Saama Capital founder Ash Lilani & PayU CEO Amrish Rau, have also participated in the round.

Undisclosed deals this week

FlytBase, Keito, YNOS and Vimobin Labs 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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