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


This week 11 Indian startups raised funding, of which 9 received a total sum of about $184 million. Among them, BigBasket raised the highest funding of over $50 million followed by Rebel Foods, which raised close to $50 million.

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

Below is the summary of deals closed this week

BigBasket: Online grocer BigBasket has raised $50 million in a bridge round led by Alibaba and other existing investors,

Bankbazaar: Online marketplace for financial products, Bankbazaar has raised $3.8 million in a fresh round led by Amazon and other existing investors.

Vedansh Pratap | Entrackr

Rebel Foods: Cloud kitchen company Rebel Foods has scooped up $50 million from Coatue PE Asia in series E round.

Swiggy: Foodtech major Swiggy has added $43 million more in its ongoing Series I round led by Chinese tech giant Tencent. New investors Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets have also participated in the round.

Vedantu: Edtech startup Vedantu has bagged another $13 million (Rs 96.1 crore) in its Series C1 round led by Legend Capital.

Fingerlix: Mumbai-based ready to cook food brand Fingerlix has raised about $1.8 million in a round led by existing investors Accel Partners, Zephyr PeaCock, Swiggy and RB Investments.

DeHaat: Online marketplace for farm services and products, DeHaat has secured $12 million in a Series A funding round led by Sequoia Capital India along with co-investment from Dutch entrepreneurial development bank FMO. Existing investors Omnivore and AgFunder also participated in the round.

Zupee: Real money gaming startup Zupee has bagged $8 million in a Series A funding round led by Matrix Partners along with Falcon Edge Capital, WestCap Group, Orios Venture Partners, and existing investor Smile Group also participated.

Jupiter: Digital banking startup Jupiter has secured $2 million in a top-up funding round led by Hummingbird Ventures and Bedrock Capital at a valuation of $100 million.

Undisclosed deals this week

Plop and Obviously AI 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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