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funding

Funding in Indian startups this week (08 June-13 June)

funding

This week 13 Indian startups raised funding, of which 7 received a total sum of about $187 million. Among them, Postman raised the highest funding of about $150 million followed by Jiffy.ai, which raised $18 million.

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

Below is the summary of deals closed this week

Postman: Software as a Service (SaaS)-based API development firm Postman has raised $150 million at a valuation of $2 billion led by Insight Partners. Existing investors CRV and Nexus Venture Partners also participate in it.

Jiffy.ai: Unified automation enterprise platform Jiffy.ai has raked in $18 million worth Series A funding round led by Nexus Venture Partners. Rebright Partners and W250 Venture Fund also participated in the financing.

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Yolobus: Gurugram-based mobility startup Yolobus has raked in $3.3 million in a Series A round led by Nexus Venture Partners with participation of India Quotient.

HealthPlix: HealthPlix Technologies has secured $6 million in a Series B funding round led by JSW Ventures. Existing investors Chiratae Ventures and Kalaari Capital also participated.

Hapramp: Mahindra Group chairman Anand Mahindra has ploughed $1 million into Gurugram-based startup Hapramp.

Quolum: Bengaluru-based Quolum, a startup focussed on expense management tools for software-as-a-service subscriptions, has raised $2.75 million in a seed funding round led by Sequoia Capital accelerator Surge and Nexus Venture Partners.

Waycool: Agrotech startup WayCool has raised $5.5 million in debt funding from the impact investment arm of IndusInd Bank Ltd.

Undisclosed deals this week

WarmOvenMyelin Foundry, Innoviti, F5, MyKaam, and Knocksense 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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Funding in Indian startups this week (08 June-13 June)

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