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phi commerce

Funding in Indian startups this week (18 May-23 May)

phi commerce

This week 14 Indian startups raised funding, of which 8 received a total sum of about $108 million. Among them, Khatabook raised the highest funding of about $60 million followed by Lendingkart, which raised $$42.5 million.

Meanwhile, funding for 6 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Khatabook: Accounting and business record keeping app for small merchants and entrepreneurs, Khatabook, has secured $60 million in a Series B round led by B Capital.

Lendingkart: Digital lender Lendingkart Technologies has raised $42.5 million as part of its ongoing Series D round led by Fullerton Financial Holdings, Bertelsmann India Investments, Sistema Asia Fund and IndiaQuotient.

Pratilipi: Audio and video-focused vernacular storytelling platform Pratilipi has bagged $0.7 million as a part of its ongoing Series C funding round from the British Virgin Islands-based SPV, QM 112 Limited.


Euler: Delhi-based Euler Motor has raised $2.53 million in an ongoing Series A round led by Inventus III India Fund.

Illumnus Education: Edtech startup focused on developing collaborative learning management systems, Illumnus Education has raised $0.1 million in seed funding.

Leap Club: Professional network focused on women, Leap Club, has raised $0.34 million from Whiteboard Capital, FirstCheque, former Pine Labs CEO Amrish Rau and others.

Eggoz: Agricultural-technology and poultry farming startup Eggoz, has raised $0.32 million in a seed round from Tracxn Labs, Angellist, Tri-Deep Capital and the founders of LetsTransport.

LetsTransport: Last-mile-based intra-city logistics marketplace LetsTransport, has raised $1.71 million from venture debt firm InnoVen Capital.

Undisclosed deals this week

Tring, Riskcovry, Stepathlon, Teamonk, Voicezen and Any Time Classes did not disclose their financial details on funding.

*Every week we track startups that have raised fresh investment. Stay tuned for next week roundup

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