Funding in Indian startups this week (06 Jan-11 Jan)


This week 22 Indian startups raised funding, of which 15 received a total sum of about $564 million. Among them, Byju’s raised the highest funding of about $200 million followed by Zomato, which raised $150 million.

Meanwhile, funding for 7 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

Zomato: Online food delivery and restaurant discovery platform Zomato has secured $150 million in a funding round led by existing Chinese investor Ant Financial.

Byju’s: Edtech Unicorn Byju’s becomes the third most valuable startup after Paytm and OYO. The edtech unicorn has raised $200 million at a valuation of $8 billion in a round led by Tiger Global.

Bounce: Scooter rental startup Bounce has raised $97.5 million in a Series D round led by Accel Partners and B Capital. Existing investors, including Chiratae, Sequoia Capital, Omidyar and others also participated in the fresh financing round.

Vedansh Pratap | Entrackr

Mamaearth: Online baby and mother care brand Mamaearth’s parent entity Honasa has secured $18.3 million in a Series A funding round led by Sequoia India. Existing investors Fireside Ventures, Stellaris Venture Partners, and Sharp Ventures also participated.

Testbook: Amongst several startups that are making test preparation and assessment easy for government job aspirants, edtech startup Testbook has secured $8.4 million in a Series B funding round led by Iron Pillar.

Elara Technologies: Elara Technologies, which owns and runs Housin, and, has raised $70 million from its existing investors NewsCorp and REA group.

Rivigo: Logistics unicorn Rivigo firm has raised $3.5 million in debt funding from venture debt firm Trifecta Capital, marking the company’s third debt financing since  its inception in 2014.

FabAlley: Noida-headquartered women-centric high street fashion brand FabAlley has raised $1.1 million in a venture debt funding round from Trifecta Capital.

Axio Biosolutions: Bengaluru-based Axio Biosolutions has raised $5.2 million in a Series B funding round led by Omidyar Network India along with existing investors Accel, and Chiratae Ventures also participated.

Rheo: Online e-sports streaming and community platform Rheo has raised $2 million in a funding round from Lightspeed Venture Partners and Sequoia Surge, along with Gaurav Munjal, Roman Saini, Mahesh Narayanan, and Phanindra Sama also participated.

Rentomojo: Furniture, electronics, and appliance-centric consumer leasing platform Rentomojo has raised $2 million in a debt funding round from Japan-based GMO Payment Gateway.

Generico: Mumbai-based pharmacy chain Generico has raised $1.4 million in debt financing round from Alteria Capital.

HaikuJAM: Creative writing mobile platform HaikuJAM has raised $3.4 million in a funding round led by Lightbox. Social Capital, Dunce Capital and existing investor 2Enable Partners also participating in the round.

Escrowffrr: Escrow-focused digital payments platform Escrowffrr has raised $0.15 million from Inflection Point Ventures.

Chai Kings: Tea retail chain Chai Kings has raised $1 million in funding round from The Chennai Angels (TCA), Hyderabad Angels and TiE India Angels.

Undisclosed deals this week

Ripplr, Harappa Education, Rage Coffee, CricZone, UnoLigo, Skilancer, and PayMart 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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