Funding in Indian startups this week (26 Apr-01 May)


This week 12 Indian startups raised funding, of which 10 received a total sum of about $584 million. Among them, Urban Company raised the highest funding of about $188 million, followed by upGrad, which raised around $120 million.

Meanwhile, funding for 2 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Urban Company: Home service marketplace Urban Company has raised close to $188 million in a new round led by Prosus (previously Naspers).

Lead School: Edtech company Lead School has raised $30 million in its Series D funding round led by GSV Ventures in participation with existing investor WestBridge. This is the first major investment by the US-based venture capital firm in an Indian edtech firm.

Stanza Living: Managed accommodation marketplace Stanza Living has raised over $100 million in its Series D round led by Falcon Edge.

upGrad: Edtech company upGrad has raised $120 million from Singapore’s sovereign fund Temasek in its first external funding round.


CareStack: Dental software startup CareStack has raised $22.5 million from SteadView Capital, Delta Dental, Accel Partners, Eight Roads and F-Prime Capital in its Series C round.

ElasticRun: Corner-stores commerce platform ElasticRun has raised $75 million in a round led by existing investors Avataar Ventures and Prosus Ventures, and participation from Kalaari Capital.

Finnable: Ranjan Pai-led MEMG family office has invested $5.4 million in a fintech startup Finnable for a significant minority stake.

FypMoney: Gurugram-based fintech platform FypMoney has raised a $2 million in seed funding round from angel investors including Liberatha Kallat, Mukesh Yadav, and Dinesh Nagpal.

Bizongo: B2B platform for made-to-order goods Bizongo has raised $21 million more to close its Series C round at $51 million.

Revolt Intellicorp: Electric two-wheeler maker Revolt Intellicorp has raised $20 million in funding from diversified RattanIndia Group.

Undisclosed deals this week

Qube Health and Ahammune Biosciences 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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