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
