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Funding in Indian startups this week (10 Aug-15 Aug)


This week 12 Indian startups raised funding, of which 9 received a total sum of about $24 million. Among them, upGrad raised the highest funding of about $6.7 million followed by Eduvanz, which raised $5 million.

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

Below is the summary of deals closed this week

Eduvanz: Edtech startup Eduvanz, which provides loans for skill development to students, has scored $5 million in a Series A funding round led by Sequoia Capital India.

HomeLane: Online home interior design platform, HomeLane is in the process to raise $3.8 million to top up its ongoing Series D round from existing investors.

ZipLoan: Stride Ventures has led a debt round of $2 million in ZipLoan, a technology-enabled lending platform that provides loans to MSMEs.

BigHaat: Bengaluru-based agritech startup BigHaat has raised $2 million in pre-series A round led by Beyond Next Ventures. Rockstud Capital, Ankur Capital, and other angel investors also participated.

Terra.do: Online school for climate change, Terra.do has secured $1.4 million in a seed funding round led by Stanford Angels and Entrepreneurs (India), BEENEXT Emerging Asia, Rainmatter Capital, and other angel investors.

HungerBox: Business-to-business foodtech startup, HungerBox has raised $1.56 million from investors including One97, Sabre Partners Trust, Pratithi Investment Trust, and Singapore-based Srihari Kumar.

upGrad: Edtech firm upGrad has raised $6.7 million in a debt financing round from IIFL Income Opportunities Fund.

CityCash: Public transit-focused offline and contactless payments company, CityCash has raised $1 million in seed funding from Orios Venture Partners.

DocSumo: Document-focussed artificial intelligence startup, DocSumo has raised $0.22 million in a seed funding round from Better Capital and others.

Undisclosed deals this week

DaveAI, Fitspire and Cusmat 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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