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Funding in Indian startups this week (24 Aug-29 Aug)


This week 20 Indian startups raised funding, of which 13 received a total sum of about $165 million. Among them, Byju’s raised the highest funding of about $122 million followed by Avail Finance, which raised $11.5 million.

Meanwhile, funding for 7 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Byju’s: Bengaluru-based edtech firm Byju’s has $122 million in its ongoing Series F round from DST Global, the investment fund floated by Russian billionaire Yuri Milner.

Avail Finance: Blue collar-focused lending startup, Avail Finance has raised Rs $11.5 million in a Series B funding round from Alphawave Incubation Fund and Matrix Partners. The fresh round for the Bengaluru-based company has come after a gap of 13 months.

Brick&Bolt: Online construction marketplace Brick&Bolt, which provides end-to-end construction services and connects contractors and architects with people building homes, has secured $2.2 million in its Series A round from Foundamental GmBh.


RummyBaazi: Online gaming platform RummyBaazi has raised $3 million in a funding round led by its existing backer Udtara Ventures. While Udtara infused $2 million, the rest of the amount was invested by RummyBaazi’s parent entity, Baazi Games.

Grinntech: Startup specializing in lithium-ion batteries for electric vehicles (EVs) and energy storage systems, Grinntech has raised $2 million from high net-worth individuals (HNIs) including V Sumantran, Ashok Leyland, and V Lakshmi Narayanan. Both Narayanan and Sumantran will be part of Grinntech Board.

Otipy: Crofarm’s social commerce venture, Otipy has raised $1 million in a funding round from Inflection Point Ventures.

6Degree: Mumbai-based fashion retail management platform 6Degree has raised $0.34 million from early-stage investment network Keiretsu Forum.

Phool.co: Phool.co, which uses floral waste to make patented organic fertiliser and incense sticks, has raised $1.4 million in a pre-Series A round led by Indian Angel Network’s IAN Fund and Draper Richards Kaplan Foundation.

TrueFan: Influential fans-celebrity connect platforms, TrueFan has raised $4.3 million in a seed funding round from Ronnie Screwvala, Saama Capital, and Mayfield.

Gamezop: Delhi-based multi-game platform, Gamezop has raised $4.3 million in a Series A funding round led by US-based Bitkraft Ventures.

Exprs: Last-mile logistics firm, Exprs has raised $5.66 million in a seed round of funding led by angel investors Sweta Rau and Sandeep Kapoor.

Verloop.io: Customer support automation platform, Verloop.io has raised $5 million as part of its Series A round led by Alpha Wave Incubation Fund.

Virohan: Eponymous vocational platform focused on healthcare training, Virohan has raised $2.8 million in its seed and Series A funding round led by the Keiretsu Forum

Undisclosed deals this week

Eruditus, Sarva, Fanspole, The Money Club, EVage, OneCode and Kheyti 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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