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phi commerce

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

phi commerce

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.

Fleetx.io: Fleet management and predictive analytics platform Fleetx.io 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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