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Funding in Indian startups this week (14 June-19 June)

This week 24 Indian startups raised funding, of which 20 received a total sum of about $784 million. Among them, Byju’s raised the highest funding of about $340 million, followed by Browserstack, which raised $200 million.

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

Below is the summary of deals closed this week

Byju’s: Edtech company Byju’s has raised $340 million from UBS Group, Blackstone, Zoom founder Eric Yuan, Abu Dhabi state fund ADQ, and Phoenix Rising among others, at a post-money valuation of $16.5 billion.

BrowserStack: SaaS company BrowserStack has raised $200 million in a round led by Mary Meeker’s Bond Capital, valuing the San Francisco and Mumbai-based company at $4 billion.

Kutumb: Tiger Global has led a $26 million round in Bharat-focused social community enabler Kutumb, making it one of the largest Series A rounds for any Indian startup.

FamPay: Fintech app for teenagers FamPay has raked in $38 million in its Series A round led by Elevation Capital. Existing backers Sequoia Capital India, Venture Highway, Y Combinator, Global Founders Capital and new investors General Catalyst, Rocketship VC, and Greenoaks Capital also participated in the round.

funding

Apna: Professional networking platform for blue and grey collar workers, Apna has raised $70 million in its Series B round led by Insight Partners and Tiger Global. Existing investors Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC have also participated in the round.

Classplus: Noida-based edtech startup Classplus has raised $30 million led by GSV Ventures Fund.

RenewBuy: Insurtech startup RenewBuy has raised $45 million (about Rs 320 crore) in a Series C funding round led by Apis Growth Fund II.

Instadapp: Decentralised finance startup Instadapp has raised $10 million in funding from venture capital firm Standard Crypto, and strategic partners, including Yearn founder Andre Cronje, DeFi Alliance, Longhash Ventures, among others.

Vital: D2C health insurance platform Vital has raised $3 million in its pre-series A round of funding led by BLinC Invest.

Imagimake: Toys and games maker Imagimake has raised $0.6 million in its pre-Series A round of funding led by Roha Investment Managers and angel investor Saumil Shah.

Pilgrim: D2C beauty and personal care brand Pilgrim has raised $1.8 million in its Series A round of funding led by Fireside Venture and Rukam Capital.

Junio: Kids-focused fintech startup Junio has raised an additional $0.68 million in its seed funding round led by Venture Catalysts, HNI Investors, and Rajiv Dadlani Group.

Flexmoney: Fintech platform Flexmoney has raised $4.8 million in funding led by Pravega Ventures.

Jumbotail: Bengaluru-based B2B marketplace Jumbotail has raised $4.8 million in a debt round from Alteria Capital.

SimpliContract: SaaS-based contract lifecycle management platform, SimpliContract has raised $1.8 million in its seed round led by Kalaari Capital.

MSMEx: Business advisory platform for micro, small and medium enterprises, MSMEx has raised $1 million in a funding round co-led by Razorpay and investment firm TNF Investments.

Samaaro: Samaaro, a Bengaluru-based tech startup that provides an innovative virtual event platform, has raised $0.12 million in an angel round of funding.

XYXX: Millennial-friendly brand in the men’s innerwear and comfort-wear space on Wednesday, has raised $4.15 million in its Series A round of funding from DSG Consumer Partners and Synergy Capital Partners.

Power Gummies: Nutraceutical startup Power Gummies has raised its second bridge round funding of approximately $1 million at an undisclosed valuation led by 9Unicorns, with participation from DSG and Pivot Ventures.

Dropshop: Bengaluru-based one-stop distribution platform for FMCG brands, Dropshop has raised $1.25 million in a pre-Series A round led by Inflection Point Ventures.

Undisclosed deals this week

Wherehouse.io, Juicy Chemistry, WaterScience and Evenflow 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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