Funding in Indian startups this week (25 May-30 May)


This week 9 Indian startups raised funding, of which 5 received a total sum of about $38 million. Among them, Ola Financial Services raised the highest funding of about $27 million followed by Awfis, which raised $5.2 million.

Meanwhile, funding for 4 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Ola Financial Services: Financial arm of ride hailing firm Ola, Ola Financial Services, has raised $27 million in its Series A funding round led by Matrix Partners. The Paolo Alto-based VC was joined by Falcon Edge, Gemini Investments, and Arun Sarin’s family office in Ola Financial’s maiden round.

Awfis: Co-working space provider Awfis has secured $5.2 million in a mixed funding round of debt and equity from its existing investors- Bisque Limited and Link Investment Trust.

CoinDCX: Mumbai-based cryptocurrency exchange aggregator CoinDCX has secured $2.5 million in a funding round led by Polychain Capital along with Coinbase Ventures also participated.

Hoi Foods: Coud kitchen brand, Hoi Foods brand, has raised $2 million in its pre-Series A round led by the 1Crowd Fund with participation from Sprout Venture Partners and AngelList.

Xtracap Fintech: Fintech startup Xtracap Fintech India raised $1 million in an angel round from unnamed investors.

Undisclosed deals this week

Timios, GramCover, Blowhorn, and HomeCapital did not disclose their financial details.

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

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