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


This week 19 Indian startups raised funding, of which 16 received a total sum of about $196 million. Among them, Icertis raised the highest funding of about $80 million followed by Ecom Express, which raised around $40 million.

Meanwhile, funding for 3 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Icertis: Software-as-a-service startup Icertis has raised around $80 million as part of its Series F round led by existing investor B Capital Group.

Juicy Chemistry: Skin and personal care brand Juicy Chemistry has raised $6.3 million in its maiden institutional round led by Belgium-based investment firm Verlinvest. Online beauty and personal care company Purplle has also participated in the financing round.

Awfis: Co-working space firm Awfis has raised fresh funds from two existing investors. Bisque Limited and Link Investment Trust have put in $5.5 million in the Delhi-based company.


Ecom Express: Logistics and warehousing firm Ecom Express has raised $40 million from Swiss private equity firm Partners Group and CDC Group.

Nodwin: Esports platform Nodwin Gaming has raised $22.4 million from Krafton, the developer of PUBG Mobile. This is the maiden investment by the South Korean firm in India.

Turtlemint: Insurtech platform Turtlemint has closed its Series D round at $46 million with fresh investment from Singapore-based Jungle Ventures. In November, the Mumbai-based company had raised $30 million in its Series D round led by GGV Capital.

Microgravity: Virtual- and augmented-reality gaming centre, Microgravity has raised $1.2 million in seed funding from friends and family.

Stage: Regional OTT platform Stage has raised $0.43 million in an angel funding round led by Inflection Point Ventures. Paytm’s founder Vijay Shekhar Sharma also participated in the funding in his personal capacity.

Captain Fresh: Business-to-business (B2B) marketplace for seafood, Captain Fresh has raised $3 million in a seed funding round co-led by Matrix Partners India and Ankur Capital.

Jimmy’s Cocktails: Radiohead Brands, which makes Jimmy’s Cocktails mixers, has raised $0.82 million funding led by Vinay Agarwal, Keki Mistry and others.

Quizizz: Edtech startup Quizizz has raised $12.5 million in Series A funding led by Eight Roads Ventures along with participation from GSV Ventures, Rocketship VC, Nexus Venture Partners and Prime Venture Partners.

Riskcovry: Insurtech startup Riskcovry has received $5 million in Series A funding, led by Omidyar Network India. Pune-based venture capital fund Pentathlon Ventures and Delhi-based DMI Sparkle Fund were also among the new investors.

4baseCare: Oncology technology startup 4baseCare has raised $2 million in a pre-Series A round led by Mount Judi Ventures, growX Ventures, Season Two Ventures, First In Ventures, and a few strategic angel investors.

Nexprt: Cross-border digital commerce platform Nexprt has raised $0.2 million in funding from Titan Capital and other angel investors.

Propsmith: Real estate startup Propsmith has raised $0.7 million in a seed funding round led by US-based venture capital firm Foxhog Ventures.

Ezstays: Delhi-based student housing community Ezstays has raised $0.4 million in a seed round from Richard Rekhy and other private investors.

Undisclosed deals this week

Wysa, ixamBee and Yoro 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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