Funding in Indian startups this week (08 Feb-13 Feb)


This week 30 Indian startups raised funding, of which 25 received a total sum of about $320 million. Among them, BharatPe raised the highest funding of about $108 million followed by Dailyhunt, which raised around $100 million.

Meanwhile, funding for 5 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

BharatPe: Merchant focused QR code-based payments firm BharatPe has raised $108 million in its Series D round led by Coatue Management with participation from existing backers include Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo and Sequoia Capital.

Doubtnut: Edtech startup Doubtnut has raised Rs 183.3 crore or $25 million in its Series B round from SIG Global, Sequoia Capital, WaterBridge Ventures and ON Mauritius.

Nazara: Gaming and sporting media platform Nazara has raised $13.6 million from Instant Growth Limited, an investment vehicle of North America based limited partners (LPs) of Hornbill Orchid India Fund.


Dailyhunt: Verse Innovation, the parent company of vernacular news aggregator Dailyhunt, has scored $100 million from Qatar Investment Authority and Glade Brook Capital Partners in a fresh round which also saw the participation of Canaan Valley Capital and existing investor Sofina Group.

Pepperfry: InnoVen Capital has invested $4.7 million in Mumbai based online furniture marketplace Pepperfry in a debt funding round.

SarvaGram: Fintech startup focused on rural areas SarvaGram has raised $10.5 million in a Series B funding round led by Elevation Capital.

Progcap: Venture debt fund Stride Ventures has led a debt round of $1.3 million in Progcap, which provides access to collateral-free working capital to retailers.

Phable: Bengaluru-based healthtech platform focused on chronic disease management, Phable has raised $12 million in its Series A round.

Eduvanz: Mumbai-based Eduvanz has raised $10 million in debt funding from InCred Financial Services, Vivriti Capital, and Northern Arc Capital.

Unlu: Celebrity engagement platform Unlu has raised $1.2 million in its seed funding round led by Nexus Venture Partners with participation from Mumbai Angels, TiE and Expert Dojo.

Grofers: Online grocer Grofers has raised $2.75 million from Chicago-based asset management firm Euler Fund.

Zingavita: Chandigarh-based children’s nutrition brand Zingavita has raised $0.4 million in an angel funding led by Anicut Angel Fund.

EduFund: Fintech platform helping with higher education planning, EduFund, has raised $0.34 million as part of a pre-seed investment round led by View Trade Holding Corp.

Method & Madness: Mumbai-based consumer-centric real estate buying platform, Method & Madness, has raised $2 million in a seed round of funding from Silicon Valley investors.

Filo: Instant tutor app Filo has raised $0.26 million as part of its pre-seed investment round from Better Capital.

Swajal: Gurugram-based watertech startup Swajal has raised its Pre-Series A funding of $1.6 million from Rajasthan Asset Management Company and others.

Supply6: Bengaluru-based health food convenience brand Supply6 has raised $0.13 million from India CXO Fund and Singapore-based MAGEhold.

Scentials: TIW Private Equity (TIW PE) has invested $6 million in Scentials, a beauty and wellness company co-founded by former tennis professional and serial entrepreneur Mahesh Bhupathi along with Jinesh Mehta.

GlobalFair: B2B cross-border trading platform GlobalFair has raised a seed funding of $2 million led by Saama Capital and India Quotient.

ABL Workspaces: Delhi-based co-working space provider ABL Workspaces has raised $0.68 million as part of its Pre-Series A funding round from Wurk.

OwO: Gurugram-based water e-commerce startup OwO has raised $0.2 million in an angel funding round from ah! Ventures angel platform along with investors from Marwari Angels and others.

TenderCuts: Chennai-based omnichannel meat and seafood brand TenderCuts has raised $15 million in a round led by Paragon Partners.

Siply: Bengaluru-based micro-savings fintech platform Siply has raised $1 million in a seed round from investors like Jain International Trade Organisation (JITO) Angel Network and Inflection Point Ventures (IPV) and others.

AutomataPi: Digital process automation platform AutomataPi has raised a seed round of $0.41 million from Indian Angel Network (IAN).

Supersourcing: IT outsourcing platform Supersourcing has raised $0.2 million in a seed funding from Vijay Shekhar Sharma, Dr Ritesh Malik and Nikhil Sharma.

Undisclosed deals this week

Hypd Store, Zingbus, Codingal, Agnikul and Koo 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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