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


This week 24 Indian startups raised funding, of which 20 received a total sum of about $213 million. Among them, Policybazaar raised the highest funding of about $75 million followed by Rupeek, which raised around $33 million.

Meanwhile, funding for 4 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Rupeek: Gold-based hybrid loan platform Rupeek has kicked off its Series E round with a $33 million or Rs 239 crore tranche led by GGV Capital and four other investors.

PolicyBazaar: Online insurance aggregator PolicyBazaar has raised $75 million in a round led by Falcon Edge Capital. The primary capital infusion for the IPO bound company has materialised after 18 months.

iNurture: Edtech company iNurture, which provides higher education programmes in India, has raised Rs 71.5 crore or close to $10 million in what appears to be bridge financing from Kimera Ltd, a Dubai-based family office.


Bewakoof: Direct to consumer or D2C fashion brand Bewakoof has raised $4 million from IvyCap Ventures. The fresh proceeds would help the company streamline its operations, which was severely hit for the first five months of the pandemic.

MyGlamm: Omnichannel direct-to-consumer beauty brand MyGlamm has raised Rs 175 crore or $24 million in its Series C funding round led by Ascent Capital, Amazon and Wipro Consumer.

OZiva: Direct-to-consumer nutrition brand OZiva has raised $12 million in a Series B round led by new investor Eight Roads Ventures with participation from F-Prime Capital and existing investor Matrix Partners India.

Leap Finance: Fintech platform for Indian students pursuing higher education overseas, Leap Finance has raised $17 million in its Series B round led by Singapore-based Jungle Ventures. Sequoia Capital India and Owl Ventures also participated in the round.

YAP: Fintech infrastructure provider YAP has raised $10 million in its Series B round co-led by Flourish Ventures and Omidyar Network India.

NeoDove: Sales and marketing automation platform NeoDove has raised $1.5 million in seed funding led by India Quotient.

Pixxel: Space technology startup Pixxel has raised an additional $2.3 million in seed funding from Omnivore VC and Techstars.

Euler Motors: Electric vehicles startup Euler Motors has raised $2.6 million from the venture capital arm of Asian Development Bank and participation from existing investor Blume Ventures.

Indifi: Online lending platform Indifi Technologies has secured $4.8 million in debt financing from IndusInd Bank.

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

IndiaLends: Digital lending platform IndiaLends has raised $5.1 million in a financing round led by existing investors ACP Partners and DSG Consumer Partners.

Chirrup: Bengaluru-based video-integrated social gaming platform, has raised a pre-seed round of $0.3 million from Titan Capital, iSeed, First Cheque, and 3.0 Fund.

Prescinto: Tech startup that provides solutions for the solar industry Prescinto has raised $3.5 million in a seed round led by Venture Catalysts.

Livve Homes: Livve Homes, a Kerala-based startup that provides online deposit and payment platforms for owners as well as tenants, has raised $5 million in second funding round from angel investors.

BLive:  EV experience platform BLive has raised $1 million as a part of follow-on capital of Pre-Series A round led by LetsVenture, Mumbai Angels, JITO and Credit Wise Capital.

Bimaplan: Mumbai-based insurance platform Bimaplan has raised a $0.5 million seed round from Titan Capital and other marquee investors.

Indic Inspirations: Pune-based cultural startup, Indic Inspirations has raised $0.34 million in an angel round from investors based in California-USA, Singapore and India.

Undisclosed deals this week

HappyPlus Consulting, Say Cheese, Firmway and Capital Quants Solutions 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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