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funding

Funding in Indian startups this week (07 June-12 June)

funding

This week 33 Indian startups raised funding, of which 29 received a total sum of about $380 million. Among them, Whatfix raised the highest funding of about $90 million, followed by Zenoti, which raised $80 million.

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

Below is the summary of deals closed this week

GoMechanic: Multi-brand car workshop and spare parts platform GoMechanic has raised $35 million in its Series C round led by Tiger Global Management.

Whatfix: B2B digital adoption solutions provider Whatfix has scooped up $90 million in its Series D round led by SoftBank Vision Fund 2. The round also saw participation from Eight Roads Ventures, Sequoia Capital India, Dragoneer Investment Group, F-Prime Capital and Cisco Investments.

MobiKwik: Digital payments platform MobiKwik has raised fresh funds to the tune of $20 million from sovereign wealth fund Abu Dhabi Investment Authority. The fresh capital for the Gurugram-based company has come within two months of its last fundraise.

Refyne: Earned wage access solution provider Refyne has scooped up $16 million from partners of DST Global and RTP Global in its Series A round.

Licious: Meat and seafood brand Licious has scooped up a new round after a gap of 18 months, raising $65 million from Multiples Alternate Asset Management, Brunei Investment Agency, Vertex Ventures and a few others.

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Convosight: Convosight, a software-as-a-service platform which allows Facebook community admins to manage their groups, has raised $8 million in its Series A round.

Zenoti: Enterprise cloud platform Zenoti for the beauty, wellness, and fitness industries has raised an additional $80 million as an extension to its Series D funding round.

Slintel: Slintel, a startup that builds sales intelligence platforms for enterprises, has announced the close of its $20 million Series A funding round, led by GGV Capital.

Pee Safe: Hygiene and wellness brand Pee Safe has raised $3.4 million in its pre-Series B round led by Shaival Desai and Alkemi Growth Capital.

Leverage Edu: Edtech startup Leverage Edu has raised $2 million in debt from venture debt firm Trifecta Capital. The funds will be used to enhance the company’s growth. Earlier it had raised $6.5 million in its Series A round led by Tomorrow Capital and others.

BuyerAssist: BuyerAssist.io has raised $2 million in its seed round led by Stellaris Venture Partners and Emergent Ventures. The funds will be utilized to hire a foundational team across India and the US.

Capital Float: BNPL and credit platform Capital Float has raised $6.8 million in debt from Triodos Microfinance Fund and Triodos Fair Share Fund for a period of 3 years.

MediBuddy: Venture debt fund Stride Ventures has invested $3.2 million in digital healthcare platform MediBuddy.

Kale Logistics: Logistics tech startup Kale Logistics has raised $5 million in its Series A funding round led by Inflexor Ventures.

Truemeds: E-pharmacy platform Truemeds has raised $5 million in its Series A round led by InfoEdge Ventures, Asha Impact and Indian Angel Network.

Cell Propulsion: Bengaluru-based mobility and EV technology startup, Cell Propulsion, has raised $2 million in debt and equity from its existing investors.

Chqbook: Gurugram and Bengaluru-based fintech startup Chqbook has raised $1 million from InnoVen Capital.

CustomerGlu: US and Bengaluru-based low-code interactive customer engagement platform CustomerGlu has raised pre-seed funding of $0.32 million led by Better Capital.

MentorKart: New Delhi-based mentorship patented platform MentorKart has raised $0.15 million in seed round led by Amit Singal and Manish Aggarwal, Founders of Startup Buddy.

Swiflearn: Gurugram-based edtech startup Swiflearn has raised $3 million in pre-Series A round led by Stellaris Venture Partners, Venture Highway,

Greenjoules: Pune-based green energy technology startup, Greenjoules has raised its Series A round of $4.5 million from Blue Ashva Capital through its Blue Ashva Sampada Fund.

Shyplite: Delhi-based AI-powered logistics platform Shyplite has raised $1 million from revenue-based growth capital firm N+1 capital.

IntelleWings: Anti-money laundering solutions startup IntelleWings has raised $0.1 million in an angel round.

F5: D2C brand servicing daily workplace consumption, F5 has closed $0.35 million in its first tranche of its pre-Series A round.

Candes: Direct to Consumer home appliance brand Candes has raised $3 million from various marquee family offices in Delhi.

QuickSell: Mobile commerce suite platform QuickSell has raised $2 million as a part of its pre-Series A funding round. The round was led by InfoEdge Venture Fund and BEENEXT.

Blaer Motors: Angel investment group, The Chennai Angels (TCA) has invested $0.35 million in Blaer Motors, an NIT-Trichy incubated startup based in Chennai.

Fyllo: Bengaluru-based agritech startup Fyllo has raised $0.4 million from Indian Angel Network (IAN), Titan Capital, and Lead Angels.

Now&Me: Delhi-based mental health startup Now&Me has raised $1 million seed funding led by Saama Capital and Whiteboard Capital.

Undisclosed deals this week

Cashfree, Wellbeing Nutrition, Reevoy, CORA Health 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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Funding in Indian startups this week (07 June-12 June)

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