Funding in Indian startups this week (16 Nov-21 Nov)


This week 13 Indian startups raised funding, of which 9 received a total sum of about $96 million. Among them, Turtlemint raised the highest funding of about $30 million followed by True Balance, which raised $28 million.

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

Below is the summary of deals closed this week

Turtlemint: Insurtech platform Turtlemint has secured $30 million in its Series D round led by GGV Capital. American Family Ventures, MassMutual Ventures and SIG along with existing investors Sequoia Capital India, Blume Ventures, Nexus Venture Partners, Dream Incubator and Trifecta Capital also participated in the round.

Shruti Gupta | Entrackr

True Balance: Digital payments and lending firm True Balance has raised $28 million in its Series D funding round led by SoftBank Ventures Asia and Daesung Private Equity.  Naver BonAngels and existing backer Shinhan Capital also participated.

 Animall: Animall, a startup that connects cattle buyers and sellers, has just closed its Series A round worth $6 million. Sequoia Capital has led the round with Rs 22.2 crore while Omnivore Partners and Lets Venture Fund have put in Rs 7.4 crore and Rs 2.03 crore, respectively.

Plum Insurance: Health insurance startup Plum Insurance that works with corporates, has raised $4 million in a round led by Sequoia’s Surge Ventures.

DaMENSCH: Premium men’s innerwear brand DaMENSCH has raised $6.75 million in its Series A funding round from Matrix Partners India, Saama Capital, Whiteboard Venture Partners and Alteria Capital.

Nira: Bengaluru-based fintech startup Nira has picked up an additional $1 million from existing angel investors.

Instoried Research: Artificial intelligence startup focused on content marketing Instoried Research has raised $0.43 million from Mumbai Angels Network and other investors.

Zeotap: Customer intelligence platform Zeotap has raised an additional $18.5 million (about Rs 137.7 crore) in its Series C funding round from SignalFire.

Arata: Premium personal care brand Arata has raised $1 million in a pre-Series A funding round from Sixth Sense Ventures founder Nikhil Vora and Rohan Vaziralli. Existing investors also participated.

Undisclosed deals this week

Clinikk, Prolixr, Kitchens Centre and Thrive did not disclose their financial details.

*Every week we track startups that have raised fresh investment. Stay tuned for next week roundup

Send Suggestions or Tips