Funding in Indian startups this week (30 Aug-04 Sep)


This week 27 Indian startups raised funding, of which 20 received a total of $106 million. Skit raised the highest funding of about $23 million, followed by Soothe which raised $13.6 million.

Meanwhile, the funding of seven of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Skit: Artificial intelligence-based voice startup Skit which was previously Vernacular.ai, has raised $23 million in its Series B round led by WestBridge Capital.

Soothe: Homegrown personal hygiene company, Soothe Healthcare has raised Rs 100 crore or about $13.6 million in its extended Series C round led by Gulf Islamic Investments (GII), Northern Arc and KKR-backed Incred.

Bikayi: WhatsApp integrated merchant e-commerce platform Bikayi has raised $10.8 million in its Series A round led by Sequoia Capital India.

AppsForBharat: AppsForBharat, a product studio focused on building apps for the spiritual and devotional needs of Indian users, has scooped up $10 million in a Series A funding round led by Elevation Capital.

Skeps: Point-of-sale financial technology company Skeps has raised $9.5 million in its Series A round led by Bertelsmann India Investments. Existing backer Accel has also joined the round.


Dezerv.: Invest tech startup Dezerv. has raised $7 million in its seed round co-led by Elevation Capital and Matrix Partners India.

OTO: OTO, a two-wheeler buying and financing platform, has raised $6 million in a Series A investment round led by Matrix Partners India.

Jar: Daily gold savings app Jar on Wednesday said it has raised $4.5 million from a clutch of high-profile investors like Arkam, WEH, Tribe Capital and angel investors including CRED’s Kunal Shah, Xiaomi’s Alvin Tse, and Stonks’s Ali Moiz. 

REVOS: EV startup REVOS raised $4 million from Union Square Ventures and Prime Venture Partners.

Magicpin: Offline discovery and reward platform Magicpin has raised around $3 million in a new tranche led by Oyo’s founder Ritesh Agarwal through his personal special purpose vehicle (SPV) RA Holdings. 

Rattle: Tech startup Rattle raised $2.8 million from Lightspeed Venture Partners and Sequoia Capital India.

Elevar: D2C sports brand Elevar has raised Rs 19 crore or $2.6 million in its Series A round led by Kalaari Capital with participation from Dream Capital.

1Bridge: 1Bridge, a supply chain and distribution network focused on the village in rural India has raised $2.5 million in fresh funding led by The Netherlands-based impact investor C4D Partners.

Factors.AI: US and Bengaluru-based B2B SaaS startup Factors.AI raised $2 million from Elevation Partners, Emergent Ventures and angel investors.

moneyHOP: Fintech startup moneyHOP raised $1.25 million in a seed round. 

Codingal: Codingal, an edtech startup, raised $1.2 million from Y Combinator, Summer Capital, Day One Syndicate, Rebright Partners, and angel investors.

Studio Sirah: Studio Sirah, a gaming startup, raised $0.83 million from Lumikai and angel investors.

Altius Investech: Altius Investech, a Kolkata-based fintech startup, has raised Rs 6 crore or $0.82 million from close associates, professionals and marquee investors.  

Peppermint: Venture Catalysts and Indian Angel Network have led funding of Rs 5 crore or $0.68 million in Peppermint, an industrial robot manufacturing company that makes and deploys commercial housekeeping and service robots.

Habbit: Habbit, a platform based on habit-based communities, has raised $0.32 million in its pre-seed round led by Ashok Goyal, former member of Supervisory Board of Sanjeev Goenka Group.

Undisclosed deals this week

Spark Studio, Tealfeed, KraftInn, SecLogic, SynergyX, Powerhouse91 and Karbonn Card 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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