Funding in Indian startups this week (12 Oct-17 Oct)


This week 19 Indian startups raised funding, of which 13 received a total sum of about $216 million. Among them, Razorpay raised the highest funding of about $100 million followed by Zomato, which raised $52 million.

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

Below is the summary of deals closed this week

Razorpay: Business-focused payment gateway and neo banking platform Razorpay has raised $100 million in a Series D funding round led by Singapore-based GIC and existing backer Sequoia Capital at a valuation of over $1 billion.

Dukaan: Rankz Inc’s Dukaan, that enables digital storefront for small merchants, has raised $6 million in its seed round led by Lightspeed and Matrix Partners.

Shruti Gupta | Entrackr

Zomato: Foodtech major Zomato has raised $52 million or Rs 380 crore in a new financing tranche from Kora Investments. This is the third tranche of Series J round that began in September with a $62 million infusion from Temasek. SaaS-based fleet management and predictive analytics platform has raised $3.1 million in a pre-Series B funding round from its existing backers Beenext and India Quotient.

Pepper Content: Content marketplace Pepper Content has raised $4.2 million in its Series A funding round led by Lightspeed India and leading angels in February, this year.

Ninjacart: Walmart and Flipkart have invested $30 million in Bengaluru-based B2B supply chain infrastructure provider Ninjacart.

Wow! Momo: Quick service restaurant chain Wow! Momo has raised $6.1 million in debt funding from Anicut Capital. Bengaluru-based 3D AI platform Avataar has raised $7 million from Sequoia Capital India.

TeaMonk: Premium tea brand TeaMonk has raised $0.9 million in a pre-Series A funding round led by Inflection Point Ventures along with Sarcha Ventures, Anil Menon, Jai Gupta, Madhu K Mohan, and Lead Angels also participated.

Miko: Robotics startup Emotix’s brand Miko has raised $3.1 million in a pre-Series B funding round led by Stride Ventures along with existing backers — Chiratae Ventures, YourNest and former Nasscom chairman Keshav Murugesh also participated.

CredR: Mumbai-based used bikes marketplace CredR has raised $2 million from Eight Roads Investments and ON Mauritius.

Satyukt: Satellite data analytics startup Satyukt has raised $0.5 million in seed funding from Nabventures and Social Alpha.

TREAD: Bengaluru-based online fitness startup TREAD has raised $1.1 million in its pre-Seed round from a clutch of angel investors and VC firms.

Undisclosed deals this week

RACEnergy, Tango Eye, Renewate, Gourmet Garden, Rare Planet, and Harmonizer India 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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