Funding in Indian startups this week (1 Mar-06 Mar)


This week 20 Indian startups raised funding, of which 17 received a total sum of about $75 million. Among them, OfBusiness raised the highest funding of about $27 million followed by Cashify, which raised around $15 million.

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

Below is the summary of deals closed this week

OfBusiness: SME financing firm OfBusiness has raised around $27 million in what appears to be an extended part of the Series D round from Creation Investments, Norwest Venture Partners, Alpha Wave Incubation and Matrix Partners.

Cashify: Online reseller Cashify has raised $15 million in its Series D round from Asia Environmental Partners.

Vedansh Pratap | Entrackr

Apna.co: Professional networking platform for blue and grey collar workers, Apna.co has raised $12.5 million led by Sequoia Capital India and Greenoaks Capital.

Stylework: Coworking aggregator platform Stylework has raised $0.54 million in a pre-Series A funding round led by Inflection Point Ventures.

KoineArth: Blockchain-based supply chain startup, KoineArth has raised $1.8 million in a funding round led by YourNest Venture Capital.

Euler Motors: EV startup Euler Motors has raised $4 million as part of its ongoing series A round led by existing investors, Inventus India and Jetty Ventures.

DealShare: Social commerce startup DealShare has raised $3.42 million in debt funding from Innoven Capital.

Questt:Edtech platform Questt has raised $1.35 million in a seed funding round led by Chiratae Ventures

Clairco: Cleantech startup tackling air pollution in India, Clairco has raised $0.54 million from Bajaj Capital’s Sanjiv Bajaj through Anicut Angel Fund.

Outplay: Sales engagement platform targeted at small and medium businesses, Outplay has raised $2 million in funding from Sequoia Capital India’s Surge.

The ePlane Company: The ePlane Company, a startup that is trying to build flying electric taxis, has raised around $1 million in a seed funding round led by Speciale Invest and Naval Ravikant.

IdeaForge: Unmanned aerial vehicle (UAV) startup, IdeaForge has raised $2 million in venture debt from BlackSoil.

ImaginXP: Edtech startup ImaginXP has raised $1.5 million in a pre-Series A funding round led by Venture Catalysts.

All-Star Games: Midcore sports studio All-Star Games has raised $1.5 million in its pre-Series A round from gaming-focused venture fund Lumikai.

AMPM: Haryana-based convenience store startup AMPM has raised $0.2 million in funding through Agility Venture Partners.

Indian Gaming League: Digital entertainment company Hungama, along with Hindustan Talkies, has made a strategic investment of up to $0.5 million in Indian Gaming League (IGL).

Qoohoo: Social platform Qoohoo, which allows creators to build engaging communities, has raised seed funding of $0.8 million from a consortium of investors.

Undisclosed deals this week

ixamBee, Shoopy and InnoServ 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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