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funding

Funding in Indian startups this week (30 Nov- 05 Dec)

funding

This week 24 Indian startups raised funding, of which 16 received a total sum of about $134 million. Among them, CRED raised the highest funding of about $80 million followed by Rivigo, which raised $19 million.

Meanwhile, funding for 8 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

CRED: Credit card payments app CRED has raised $80 million in an equity financing round led by DST Global Partners along with the participation of Sequoia Capital, Ribbit Capital and Tiger Global, a report said

Shruti Gupta | Entrackr

Rivigo: Full-stack logistics and freight marketplace Rivigo has raised $19 million from Warburg Pincus’ affiliate Spring Canter Investment Ltd (SCIL).

Fisdom: Wealthtech company Fisdom has raised $7 million in a new round of funding led by PayU with participation from existing investors Quona Capital and Saama Capital.

ZipLoan: Digital lending platform for micro, small and medium enterprises ZipLoan is raising another $3 million from existing backers Elevation Capital (previously SAIF Partners), Matrix Partners India, Waterbridge Ventures and Whiteboard Capital.

LambdaTest: Cloud-based browser testing platform LambdaTest has secured $6 million in what appears to be a Series A funding round led by Sequoia Capital India’s Surge. Blume Ventures, Entrée Capital and Leo Capital also participated in the round, along with Gokul Rajaram and Ramakant Sharma.

TagMango: Creator monetisation startup TagMango has raised $0.75 million in seed funding led by Y Combinator, XRM Media, Pioneer Fund and Twitch co-founder Kevin Lin.

Infinite Uptime: Industrial Internet of things (IoT) company Infinite Uptime has raised $5.15 million in Series B round led by VenturEast. Japan’s THK and existing investors Mayfield, GSR Ventures, IIML, and GiTV also participated in it.

Loop Health: Technology-driven health insurance firm Loop Health has raised $2.3 million in seed funding led by Sierra Ventures along with participation from Y Combinator and Soma Capital.

Signzy: No-code AI platform Signzy announced today that it has raised $3 million from Vertex Ventures.

Kyt: Edtech platform Kyt has raised $2.5 million in funding from Sequoia Capital India’s Surge.

Let’s Dive: Let’s Dive, a platform for remote employee engagement and building team culture, has raised $1.7 million in a round led by Sequoia Capital India’s Surge.

SAWO Labs: Authentication-focused startup SAWO Labs has raised about $O.74 million in a seed fundraising round led by StartupXseed.

HappyLocate: Bengaluru-based relocation platform HappyLocate has raised $0.6 million in pre-Series A round led by IP Ventures.

Habitat: Edtech platform for civil servant aspirants Habitat has raised $0.67 million in its seed round of funding from Unitus Ventures and Whiteboard Capital.

Codingal: Online coding platform for school children Codingal has raised $0.56 million in its seed round of funding from Rebright Partners, Java Capital and GSF Accelerator.

Raskik: Beverage brand Raskik has raised $1 million in a pre-Series A funding round led by incubator and accelerator Venture Catalysts.

Undisclosed deals this week

Swipez, Humus, ePlane, Artivatic.ai, KopyKitab, NeoDocs, Prescinto and Toppeq 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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Funding in Indian startups this week (30 Nov- 05 Dec)

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