This week 18 Indian startups raised funding, of which 14 received a total sum of about $118 million. Among them, Cuemath raised the highest funding of about $40 million followed by DealShare, which raised $21 million.
Meanwhile, funding for 4 of the total funded startups remained undisclosed.
Below is the summary of deals closed this week
Cuemath: Edtech startup Cuemath has raised $40 million in its Series C round co-led by Lightstone Fund (LGT Lightstone Aspada) and Falcon Edge’s Alpha Wave Incubation.
Atomberg Technologies: Consumer appliance startup Atomberg Technologies has raised $9.1 million in its Series B round led by A91 Partners. The round also saw participation from Trifecta Capital and Survam Partners, the family office of the Suman Kant Munjal group.
DealShare: Social commerce platform DealShare has raised $21 million in its Series C round led by WestBridge Capital. Falcon Edge’s Alpha Wave Incubation, Z3Partners, and existing investors Matrix Partners India and Omidyar Network India also participated in the round.
Clovia: Lingerie brand Clovia has raised $4 million from a clutch of angels, Ivy Cap Ventures and She Capital Trust.
Ergos: Agritech startup Ergos has raised $2.9 million in its ongoing Series A round from London-based development finance institution CDC Group.
Dunzo: Hyperlocal delivery startup Dunzo has secured $3.2 million in its ongoing Series E round as a mix of debt and equity from Alteria Capital.
Bolo Indya: Gurugram based vernacular short videos sharing platform Bolo Indya has raised $0.4 million led by Inflection Point Ventures. Existing investors from Eagle10 Ventures also participated in the round.
Infra.Market: Business-to-business marketplace fo real estate and construction materials Infra.Market has raised $20 million as part of its Series B funding round from Evolvence India Fund, Sistema Asia Fund and Foundamental Gmbh.
Exotel: Cloud telephony company Exotel has raised $5.7 million from A91 Partners in a mix of primary and secondary share sales.
Mihup: AI conversational platform Mihup raised $1.5 million in Series A round led by existing investors Accel Partners and Ideaspring Capital.
5C Network: Digital radiology platform 5C Network has raised pre-series A round of $1.2 million from existing investors Unitus Ventures and Axilor Ventures.
WayCool: Fresh-produce distributor WayCool has raised $7.8 million in a debt-funding round from Samunnati, RBL Bank and InnoVen Capital.
Text Mercato: Cataloguing and content marketing firm Text Mercato has raised around $0.67 million in a pre-Series A round led by Windrose Capital and 1Crowd.
Bombay Play: Gaming studio that develops properties with a social component has raised $1 million as part of its seed fundraising exercise led by Lumikai.
Undisclosed deals this week
Kiko TV, Richpanel, Smallcase and SheerDrive did not disclose their financial details.
*Every week we track startups that have raised fresh investment. Stay tuned for next week roundup
