Funding in Indian startups this week (31 May-05 June)


This week 36 Indian startups raised funding, of which 25 received a total sum of about $554 million. Among them, Delhivery raised the highest funding of about $277 million, followed by Urban Company, which raised $67 million in a secondary round.

Meanwhile, funding for 11 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Mensa Brands: Ananth Narayanan-led Mensa Brands has raised $50 million in its Series A round led by Accel Partners, Falcon Edge Capital and Norwest Venture Partners.

Delhivery: Logistics company Delhivery has raised $277 million from Fidelity Investments, GIC and others.

epiFi: Neobanking startup epiFi has raised $12 million in a Series A round from its existing investors Sequoia Capital and Ribbit Capital.

Jai Kisaan: Rural fintech startup Jai Kisaan has raised $30 million in a Series A round led by Mirae Asset. Syngenta Ventures, existing investors and others also participated in the debt and equity round.

Slice: Fintech startup Slice has raised fresh funding of $15.5 million from Japan-based Gunosy Capital, an existing investor in the Bengaluru-based startup.


Locus: Business-to-business (B2B) logistics optimisation company Locus has scooped up $50 million in its Series C round led by Singapore’s sovereign wealth fund GIC.

PagarBook: Employee management app PagarBook has received $4.4 million from new investors with a two-fold jump in its valuation within six months.

Urban Company: Urban Company, which had raised $188 million in a Series F round, has raised $67 million in a secondary round from select angels and early investors.

LambdaTest: Cloud-based browser testing platform LambdaTest has raised Series B funding of $16 million led by Sequoia Capital India.

KreditBee: Personal loan platform KreditBee has raised $8.2 million in its Series C round led by SIDBI’s India SME.

Spardha: Digital learning platform for music and performing arts, Spardha has raised $0.4 million in its Pre-Series A1 funding round led by Inflection Point Ventures.

Bambinos: Extracurricular-focused edtech platform Bambinos.live has raised $0.5 million in its seed round led by HNIs and angels such as Ankit Nagori, Neeraj Aggarwal and Abhishek Nag.

Exotel: Cloud communications platform Exotel has scooped up fresh funding of $6.16 million from A91 Partners, Blume Ventures and a clutch of angel investors.

Good Health Clinic: Good Health Clinic, a subsidiary of Hyderabad-based healthtech startup Digi-Prex, has raised $5.2 million led by Khosla Ventures.

Avishkaar: Edtech startup Avishkaar has raised $0.68 million in its pre-Series A funding round led by Auxano and Mumbai Angels. Angel investors Alok Mittal and Varun Aggarwal also participated in it.

Breathe Well-being: Y Combinator-backed healthtech startup Breathe Well-being has raised $1 million in a pre-Series A funding round led by 3One4 Capital.

Crejo.Fun: Online platform for extra-curricular activities for children Crejo.Fun has raised $3 million in a seed funding round led by Matrix Partners India, 021 Capital.

MYBYK: Public bicycle-sharing startup MYBYK has raised $1 million in pre-Series A funding from Avon Cycles and other investors, including Sanjay Baweja, ex-CFO, Flipkart.

Jobsgaar: Hyperlocal job finding platform Jobsgaar has secured $0.14 million in seed funding from Hyderabad headquartered SucSEED Indovation Fund, and other angels.

Disruptium: Ahmedabad-based Disruptium, a consultancy platform for startups, has raised pre-seed funding of $0.2 million from Pravesh Mehta (MD, Energysys and Lemonade Ventures) and Chokhani Ventures.

Convin: Bengaluru startup specialising in conversation analysis for remote and inside sales teams, Convin has raised $0.35 million in a pre-seed round led by Titan capital and 9Unicorns.

Klassroom Edutech: Mumbai-based hybrid tutoring platform Klassroom Edutech has raised $0.2 million as part of its pre-Series A round.

ThatMate: Pune-based sexual and mental wellness app for teens ThatMate recently raised $0.14 million in angel funding from Rebalance Angel Community and a clutch of angels.

Holisol Logistics: E2E tech-enabled supply chain logistics company Holisol Logistics has announced that it has raised $3 million in debt round from Northern Arc Capital, a leading digital debt platform.

FlipItNews: Gurugram-based fintech start-up FlipItNews has raised $2.5 million in its seed investment round.

Undisclosed deals this week

RemitGuru, Flatheads, Onelife Nutriscience, GalaxEye, Almo, Accio Robotics, CarterX, Str8bat Sports, Neokred, FundEnable and MOPP Foods 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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