Funding in Indian startups this week (21-26 Dec)


This week 12 Indian startups raised funding, of which 8 received a total sum of about $345 million. Among them, Glance raised the highest funding of about $145 million followed by Dailyhunt, which raised around $100 million.

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

Below is the summary of deals closed this week

boAt: Consumer electronics startup boAt has raised Rs 440 crore or $60 million in its Series B round from Cayman Islands-based South Lake Investment Limited.

Shruti Gupta | Entrackr

CoinDCX: India’s cryptocurrency exchange CoinDCX has raised Rs 100 crore or $13.9 million in its Series B round led by DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures and Alex Pack also participated in the financing round.

Glance: Search giant Google has led a $145 million round in InMobi’s mobile-first content platform Glance. Existing investor Mithril Capital also participated in fresh financing.

Dailyhunt: Local language news aggregator Dailyhunt has raised around $100 million in a fresh round from Google, Microsoft and Falcon Edge’s Alpha Wave Incubation. The Bengaluru-based company’s existing backers Sofina Group and Lupa Systems also participated in the round.

Slurrp: Health snack maker Slurrp Farm has raised $2 million from multi-stage venture fund Fireside Ventures, in its Series A funding round.

Skuad: Digital payroll platform for remote-working teams, Skuad has raised $4 million in seed funding from BEENEXT, Anthemis Group and others.

TaxBuddy: TaxBuddy has raised $1 million in an early-stage fundraise from Zenith Global, a United Arab Emirates-based fund.

RapiPay: Fintech platform RapiPay has raised $9 million in its Series A funding round from several investors.

Undisclosed deals this week

Pine Labs, Medfin, EWar and Voosh 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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