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Funding in Indian startups this week (03 Feb-08 Feb)

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This week 14 Indian startups raised funding, of which 12 received a total sum of about $287 million. Among them, Byju’s raised the highest funding of about $200 million followed by WayCool, which raised $32 million.

Meanwhile, funding for 2 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

WayCool: Agritech startup WayCool Foods has secured $32 million in an equity and debt funding round led by LightBox Ventures. Dutch development bank FMO and existing investor LGT Lightstone Aspada also participated in the round.

Byju’s: Edtech unicorn Byju’s has raised about  $200 million from existing investors General Atlantic.

Vedansh Pratap | Entrackr

Dot: Payments platform Dot has secured $7.8 million in a Series A funding round led by PayU Fintech Investments and Ruizheng Investments at a valuation of around $20 million. InfoEdge Ventures and angel investors Kunal Bahl, Rohit Bansal, Amrish Rau, Vikrant Batra, Sachin Singhal, and Rekha Jain also participated in the round. Fleet management and predictive analytics platform has received $2.8 million ~ Rs 21 crore as  part of its Series A round led by Singapore-based venture capital firm Beenext alongside existing investor India Quotient.

Embibe: Online education portal Embibe has secured about $12.6 million as part of share capital from its existing shareholder, Reliance Industries Limited.

Rebel Foods: Cloud-kitchen brand Rebel Foods has secured $4.9 million in a venture debt funding round led by Alteria Capital.

SuperMoney: Mumbai-based fintech platform SuperMoney has raised $1 million in a pre-Series A round of funding from Unitus Ventures.

Entri: Local language learning app Entri has secured $1.4 million in a seed funding round led by Good Capital along with some US and China-based investors.

Kuku FM: Online audio platform Kuku FM has raised $5.5 million in its Series A funding round led by Vertex Ventures. Existing investors Shunwei Capital, India Quotient and 3one4 Capital also participated in the round.

1mg: Healthtech startup and e-pharmacy 1mg, has raised around $10 million from the Bill & Melinda Gates Foundation.

WorkIndia: Xiaomi has invested ~$6 million in WorkIndia — an online and mobile-based platform that connects companies with blue collar employees.

Qyuki: Multi-channel broadcast network Qyuki Digital Media has secured $3.5 million from Info Edge Venture Fund (IEVF).

Undisclosed deals this week

Frog Cycle and RACEnergy 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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