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


This week 8 Indian startups raised funding, of which 5 received a total sum of about $35 million. Among them, Springboard raised the highest funding of about $31 million followed by DrinkPrime, which raised $2.9 million.

Meanwhile, funding for 3 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Springboard: Online learning platform for workforce upskilling, Springboard has scored $31 million in a Series B funding round led by Telstra Ventures.

DrinkPrime: Subscription-based Water purifier startup, DrinkPrime has secured $2.9 million in its pre-Series A round led by Sequoia Surge. The latest tranche is part of the company’s ongoing seed funding round.

Data Sutram: Artificial intelligence-based platform which helps businesses leverage location-based insights, Data Sutram has raised $0.2 million from members of the Indian Angel Network (IAN).

inFeedo: People analytics-focused software-as-a-service startup, inFeedo has raised $0.7 million from Y Combinator and others.

Bolo Indya: Gurugram-based user-generated content platform, Bolo Indya has raised $0.3 million in its pre-Series A1 round of funding led by Eagle10 Ventures, India Accelerator and HNIs.

Undisclosed deals this week

Wobot, Crowdpouch and Probus 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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