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funding

Funding in Indian startups this week (26 Oct-31 Oct)

funding

This week 24 Indian startups raised funding, of which 20 received a total sum of about $212 million. Among them, FreshToHome raised the highest funding of about $121 million followed by InVideo, which raised $15 million.

Meanwhile, funding for 4 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

FreshToHome: Bengaluru-based FreshToHome has bagged $121 million in Series C round. The round was led by Investment Corporation of Dubai, Ascent Capital, U.S. Government’s development finance institution (DFC) and the Allana Group.

Shruti Gupta | Entrackr

InVideo: Video production and editing platform InVideo has raised $15 million in its Series A funding round led by Sequoia Capital India. The round also includes participation from Tiger Global, Hummingbird, RTP Global and Base.

Pagarbook: Employee management app Pagarbook has raised around $7 million (Rs 51 crore) in its Series A funding round led by existing backer Sequoia’s Surge.

Jumbotail: Online wholesale marketplace for food and groceries, Jumbotail has raised Rs 80 crore or $11 million as a part of Series B round led by Heron Rock.

BetterPlace: Blue collar workforce management platform BetterPlace has raised $10 million in its Series B funding round led by Jungle Ventures. Existing investors including Unitus Ventures, 3One4 Capital, and Venture Highway also participated.

Teachmint: Online teaching startup Teachmint has secured $3.5 million in a seed funding round led by Lightspeed India. Existing investors — Better capital and Titan Capital also participated.

Arzooo: B2B retail tech startup Arzooo that powers physical retail stores to compete against e-commerce marketplaces has raised $ 7.5 million in its Series A funding round led by Indus Age Partners and 3Lines Ventures.

BharatAgri: Personalized agri-advisory platform BharatAgri has raised $1.2 million in Pre-Series A led by Binny Bansal backed 021 Capital. This round also saw participation from existing investors India quotient, Better Capital and Quest Global COO Ajay Prabhu.

Peel Works: Peel-Works’ retail management platform Taikee has secured venture debt of around $1 million from BlackSoil Capital. The company has also secured working capital to the tune of $2 million from others, including key suppliers.

CredAble: Supply chain finance startup CredAble has raised $4.5 million in a follow-on funding round from its founders and existing backers including Oaks Asset Management and V’Ocean Investment.

Freshokartz: Agritech startup Freshokartz has raised $1.4 million in a pre-Series A round from  Rajasthan Venture Capital Fund (RVCF) and Achieving Women’s Equity (AWE) Funds.

Hubilo: Virtual events platform Hubilo has raised $4.5 million in a seed funding round led by Lightspeed Partners.

GetVantage: Fintech platform GetVantage has raised $5 million in a seed round which was a mix of equity and debt funding from Chiratae Ventures and Japan-based Dream Incubator.

Biddano: Business-to-business healthcare product distribution platform Biddano has raised $0.67 million in a pre-Series A funding led by startup incubator and accelerator Venture Catalysts.

Railofy: Online ticket booking services app Railofy app has raised $0.54 million from Roots Ventures, Astarc Ventures and Better Capital.

Pyxis: Marketing-cloud startup Pyxis has raised $7 million in a Series A funding round led by Chiratae Ventures with participation from Pi Ventures and Exfinity Venture Partners.

Svami: Non-alcoholic beverage maker Svami has raised $O.87million in a round led by Mumbai Angels Network.

Janani: Healthcare startup Janani has raised $0.20 million in a pre-seed funding round led by 9Unicorns.

Credgenics: Bad loans recovery-focussed platform Credgenics has raised $3.3 million in a seed funding round from Titan Capital and others.

Origo: Agritech supply chain and trade finance firm Origo has raised $4.7 million in debt from Northern Arc Capital and other investors.

Undisclosed deals this week

Wellversed, Agrix, Finelistings and Nykaa 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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