Funding in Indian startups this week (12 Apr-17 Apr)


This week 28 Indian startups raised funding, of which 23 received a total sum of about $1,088 million or $1.08 billion. Among them, Byju’s raised the highest funding of about $1 billion followed by CarTrade, which raised around $25 million.

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

Below is the summary of deals closed this week

Byju’s: Edtech firm Byju’s has raised over $1 billion from investors led by Baron Funds, Facebook co-founder Eduardo Saverin’s B Capital Group, and US-based investment hedge fund XN Exponent Holding.

CarTrade: Automobile classifieds portal CarTrade has raised Rs 184 crore or $25 million from Malabar India Fund and IIFL. This is the maiden round for the Mumbai-based company in 2021 and the second in the past year.

MobiKwik: Digital payments platform MobiKwik has raised $5 million or Rs 40 crore from a clutch of investors. With this, the Gurugram-based company has raised $12 million in the past three weeks with $7.2 million raised in March.

UpGrad: Mumbai-based edtech startup UpGrad has received $9.5 million from Unilazer Ventures.

boAt: Consumer electronics maker boAt has raised $6.7 million from Qualcomm Ventures.

Miko: Robotics company Miko has raised $6.7 million in a round led by IvyCap Ventures. The round also saw participation from existing investors like Chiratae Ventures, YourNest Capital, and Keshav Murugesh, Former Chairman of NASSCOM.

M1xchange: MSMEs-focused online invoice discounting startup M1xchange has raised $10 million in a round led by Amazon’s Smbhav Venture Fund. Existing investors Beenext and Mayfield also participated in the round.

LimeChat: AI-based chatbot startup LimeChat has raised $0.75 million in a seed funding round led by Pi Ventures and Stellaris Venture Partners.

EF Polymer: Agritech startup EF Polymer has raised $0.35 million in a seed funding round from Japan-based venture capital investors MTG Ventures, Inc, Yosemite LLC, Beyond Next Ventures Inc, and angel investor Tatsuya Suzuki.

AnKa SumMor: Sales and distribution channels for FMCG sector AnKa SumMor has raised $0.4 million in a pre-Series A round of funding led by Inflection Point Ventures (IPV).

Spintly: SaaS-based physical security startup Spintly has raised $0.6 million in an extended seed funding round led by Silicon Valley-based Riso Capital.

Lo! Foods: Bengaluru-based FMCG startup Lo! Foods has raised $1 million in pre-series A round led by the Chona Family Office.

Fuel Buddy: Fuel delivery startup Fuel Buddy has raised $1.7 million from investors, including the Jaipuria Family Office.

TagZ Foods: Bengaluru-based snack brand TagZ Foods has raised $0.5 million in pre-Series A round from Venture Catalysts.

Upscale: B2B sales engagement startup Upscale has raised $0.25 million in its pre-seed round led by Powerhouse Ventures, Java Capital, and GSF Accelerator.

SuperK: Tech-enabled grocery retail chain for small towns, SuperK has raised $0.8 million in seed funding led by Strive VC.

Vidyakul: Vernacular e-learning platforms Vidyakul has raised $0.5 million in seed funding round led by Jain International Trade Organisation (JITO) Angel Network.

CredFlow: Fintech startup CredFlow has raised $2.1 million in its seed round led by Stellaris Venture Partners, Omidyar Network India, and Flourish Ventures.

Dybo: Visual tech startup Dybo has raised $0.15 million in a seed round of funding led by Spanache, a Singapore-based venture capital firm.

Beldara: B2B marketplace Beldara has raised $7.4 million from Hindustan Media Ventures.

Solethreads: D2C footwear startup Solethreads has raised $1.7 million in series A round funding from DSG Consumer Partners and Saama Capital.

LearnVern: Ahmedabad-based edtech platform LearnVern has raised funding of over $1 million from undisclosed international investors.

Nova Benefits: Corporate health insurance platform Nova Benefits has raised $1 million in its seed round of funding led by Multiply Ventures, Better Capital and Titan Capital.

Undisclosed deals this week

TruNativ, Freightwalla, UpMoney, Blox and Rapidbox did not disclose their financial details.

*Every week we track startups that have raised fresh investment. Stay tuned for next week roundup

Send Suggestions or Tips