Indian startups fundraising weekly data: (04-09 Jan 2021)


This week 22 Indian startups raised funding, of which 20 received a total sum of about $497 million. Among them, Udaan has raised the highest funding of about $280 million followed by boAt, which raised around $100 million from investors.

2 startups raised undisclosed amount of funding from investor.

The summary of deals closed this week

Udaan: B2B e-commerce platform Udaan has raised $280 million in its extended Series D round from new and existing investors. Octahedron Capital and Moonstone Capital are the two new investors who joined existing backers Lightspeed, DST Global, GGV Capital, Altimeter, and Tencent in the round.

Zupee: Online gaming startup Zupee has raised $9.5 million in a fresh round led by existing investors Matrix Partners and West Cap.

CropIn: Agritech firm CropIn has raised $20 million in a Series C funding round led by ABC World Asia, while existing investors Chiratae Ventures, Invested Development, and Ankur Capital also participated.

boAt: Consumer electronics startup boAt has raised $100 million from New York-based private equity fund Warburg Pincus.

Phi Commerce: Pune-based digital payments platform Phi Commerce has secured $4 million in a Series-A funding round led by Beenext, which also saw the participation of Yatra Angel Network.

Oyo:  Hospitality firm Oyo has raised $7.3 million from Hindustan Media Ventures as part of Series F1 round.

Bira 91: Craft beer maker Bira 91 has raised $30 million from Japanese integrated beverages company Kirin Holdings.

Jumbotail: Business-to-business e-commerce marketplace for food and grocery products, Jumbotail has raised $14.2 million in fresh funding led by VII Ventures.

BharatPe: QR-based payments platform for online merchants BharatPe has raised $8.1 million in debt funding from New Delhi based InnoVen Capital. This marks the first round of debt financing for BharatPe.

KiranaKart: Grocery delivery startup KiranaKart raised $0.72 million in a pre-seed round led by Global Founders Capital. The investment has raised its post-money valuation to $7 million.

Kyt: Edtech startup Kyt has raised $5 million in a Series A funding round led by Alpha Wave Incubation with participation from Sequoia Capital India’s Surge, January Capital, Titan Capital and other angel investors.

Practically: Edtech startup Practically has secured $4 million in a pre-series B round led by Siana Capital. Existing investors YourNest Venture Capital and Exfinity Ventures also participated in the round.

Toothsi: Dental tech start-up Toothsi has raised a $5 million in its Series A round from Think Investments and others.

Finsall: Insurtech startup Finsall has raised $0.32 million in a seed funding led by Unicorn India Ventures.

Meddo: Health-technology startup Meddo has extended its pre-Series A round with a $3 million capital infusion led by SRI Capital and Picus Capital.

HobSpace: Extra-curricular activities-focussed startup HobSpace, has raised $0.13 million in pre-Series A1 funding from Inflection Point (IP) Ventures.

Zerone: Fintech startup Zerone has raised $1.3 million as part of its pre-Series A funding round led by the Indian Angel Network (IAN) with participation from The Chennai Angels.

Pocket Aces: Digital entertainment startup Pocket Aces has raised $2.32 million in a funding round led by venture debt firm Stride Ventures.

Devic Earth: Devic Earth, a startup focussed on air-pollution control equipment, has raised $1.36 million in its first institutional funding round from Blue Ashva Sampada Fund.

iMumz: Pregnancy-focussed health-technology startup, iMumz has raised $0.3 million in a funding round from Enzia Ventures, Titan Capital and others.

Undisclosed deals of this week

Agri10X and Eyestem did not disclose their financial details.

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