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Funding in Indian startups this week (15 Feb-20 Feb)


This week 27 Indian startups raised funding, of which 21 received a total sum of about $195 million. Among them, KreditBee raised the highest funding of about $75 million followed by Shiprocket, which raised around $27 million.

Meanwhile, funding for 6 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

KreditBee: Digital lending startup KreditBee has raised its Series C round worth $75 million from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment.

Fingerlix: After a gap of eight months, ready-to-cook food brand Fingerlix has raised another tranche in its Series C round, raising around $2.7 million from Swiggy and some other investors.

Happily Unmarried: Happily Unmarried, which sells men grooming products online under the brand name of Ustraa, has raised $2.7 million in its Series H round.

Vedansh Pratap | Entrackr

Leverage Edu: College admissions platform Leverage Edu has raised $6.5 million in Series A financing, led by early-stage investment firm Tomorrow Capital and participation from existing investors Blume Ventures and DSG Consumer Partners.

Vogo: On-demand two-wheeler rental service Vogo has raised $11.5 million from existing investors Lightrock, Kalaari, Matrix Partners and Stellaris Venture Partners.

Shiprocket: Logistics aggregator Shiprocket has raised $27 million in a mix of primary and secondary capital as part of its new funding round led by Tribe Capital and March Capital.

Zolve: TaxiForSure co-founder, Raghunandan G.’s neo banking platform Zolve, has raised $15 million in its seed funding round led by Accel and Lightspeed Venture Partners.

1Kosmos: Cybersecurity startup 1Kosmos said it has raised $15 million from ForgePoint Capital, a venture investor for early-stage cybersecurity companies.

Zomentum: MSP sales platform Zomentum has raised $13 million in Series A funding from Elevation Capital, Accel, and Greenoaks Capital, along with participation from Eight Roads Ventures.

Eupheus Learning: Business-to-business education technology company, Eupheus Learning has raised $4.1 million in Series B funding led by Kuwait-based United Education Company (UEC)

Pencil: Content publishing platform Pencil has raised $1 million in a pre-Series A round led by US-based venture capital fund SOSV, with participation from Inflection Point Ventures (IPV).

UptimeAI: Artificial intelligence startup UptimeAI has raised $1.5 million in seed funding from YourNest Venture Capital and other angel investors.

ICS Career GPS: Online career guidance accessible and affordable for students and young professionals, ICS Career GPS has raised $0.4 million in an angel funding round.

eBikeGo: Amritsar-based EV logistics platform eBikeGo on Thursday said it has raised $1.5 million in pre-Series A round from a group of overseas and Indian investors.

Express Stores: Gurugram-based branded omni-channel chain of kiranas, Express Stores has raised a seed funding of $1.1 million. The round was led by early-stage venture capital firm Venture Highway.

Pariksha: Pune-based edtech startup Pariksha has raised $2 million in pre-Series A round led by Bharat Inclusion Seed Fund, along with LetsVenture Plus, 9Unicorns, and Innercircle.

MediBuddy: Digital healthcare platform MediBuddy has raised $3.2 million debt fund from venture debt firm InnoVen Capital.

WizKlub: Bengaluru-based edtech startup WizKlub has raised a pre-Series A funding of $0.82 million.

Marquee Equity: Delhi-based SaaS platform, connecting startups to investors, Marquee Equity has raised $3.8 million from Capital One, SignalFire, Arrowroot Capital, TTV Capital, Costanoa VC, Raptor Group, and HWVP.

Solavio Labs: Clean-technology startup focused on the solar panel cleaning industry, Solavio Labs has raised $0.05 million from Canadian province New Brunswick.

Lilac InsightS: Specialised diagnostics company Lilac InsightS has received fresh funding of $6.88 million from Rajiv Dadlani, Rockstud Capital, and others.

Undisclosed deals this week

BridgeLabz, Onelife, Aisle, SnackAmorKalamint and HappyPlus 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 (15 Feb-20 Feb)

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