Funding Galore: Indian Startup Funding Of The Week [05-10 Feb 2018]

We bring to you the latest edition Funding Galore: Indian Startup Funding of the week.

This week 27 Indian startups raised about $215 Mn in fundingaltogether and four startup acquisitions took place in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed funding amount.).

One of the biggest Indian startup funding rounds of the week was raised by online food ordering and delivery platform Swiggy which announced its Series F funding. The foodtech startup revealed an investment of $100 Mn led by Naspers, in participation with the new investor Meituan-Dianping.

Indian Startup Funding Of The Week

CallHealth: Hyderabad-based preventive healthcare startup CallHealth raised $7.8 Mn (INR 50 Cr) from BCCL (Bennett, Coleman and Co. Ltd.). This is primarily a Value-for-equity deal. The funding will provide CallHealth with the ability to invest in customer education and engagement and to aid its next phase of growth and brand building.

CollegeDekho: Gurugram-based CollegeDekho raised $2 Mn in its third round of funding from GirnarSoft, London-based ManCapital, the investment arm of the Mansour Group, and others. The startup will use the funding to strengthen its technology, to expand collaboration with international colleges and to increase marketing activities, including more offline campaigns.

GenRobotic: Kerala-based GenRobotic raised an undisclosed amount of funding from Unicorn India Ventures. The startup has also received a grant from BPCL to further research in the area and develop Bandicoot, a product under design to build an automatic robotic system for manhole and sewer cleaning to eliminate manual scavenging.

SectorQube: Kerala-based SectorQube raised an undisclosed amount of funding from Unicorn India Ventures. SectorQube has developed smart kitchen appliance and with this funding, it plans to make the product market ready. The startup also has an eye on international expansion where the Indian diaspora is strong.

Perfectfit Fashion: Koshi-based Perfectfit Fashion raised an undisclosed amount of funding from Unicorn India Ventures. The startup plans to utilise the latest funding towards product enhancement and customer acquisition.

healthi: Digital preventive healthcare startup, healthi raised $3.1 Mn in a funding round led by Montane Ventures. The startup aims to use the raised funding to boot up applications that empower users to understand, engage with and take control of their health. It further aims to accelerate product development efforts by significantly growing product and technology teams.

Furlenco: Bengaluru-based online furniture rental startup Furlenco raised $1.5 Mn (INR 10 Cr) in a debt funding round from a consortium of HNI investors via non-convertible debentures.The investors who participated in this round include Rekha Hrishikesh Mafatlal (Arvind Mafatlal Group), Lakshmi Narayanan – Ex-Vice Chairman of Cognizant, and M Krishna Sindhuri Private Trust.

Icertis: The software company Icertis raised $50 Mn in Series D fundinground from Meritech Capital Partners with additional investments by PSP Growth and Cross Creek Advisors. Existing investors—B Capital, Ignition, Greycroft, and Eight Roads – also participated in the round. With the raised funding the software provider will accelerate investment in the ICM platform’s risk management, compliance, and revenue optimisation capabilities, driven by artificial intelligence. The company will also expand its geographical footprint in North America, EMEA, and Asia Pacific

Placio: Noida-based Placio, a student housing startup raised $2 Mn in a Pre-Series A funding round from Prestellar Ventures, a Singapore-based private equity fund. The startup plans to use these funds to expand its services in India and Southeast Asia. Placio also plans to use these funds to acquire additional beds and make its technology platform well-equipped.

Nazara Technologies: Mobile gaming startup Nazara Technologies Limited raised an undisclosed amount of funding from ESL (Electronic Sports League), the world’s largest esports company against a minority stake in it. The investment will be used to scale up Nazara’s footprint in emerging markets.

Joveo: Hyderabad-based Joveo, which runs a job advertising technology platform, raised $5 Mn in a Series A round of funding led by Nexus Venture Partners. The startup will be using the funds to accelerate its product offerings, expand its partnerships and scale its AI and deep learning layer.

HealthifyMe: Bengaluru-based health and fitness startup HealthifyMe raised $12 Mn in Series B funding round led by Sistema Asia Fund. With this round, Sistema will also join the company’s board. Other investors who participated in the round included Samsung Next, Atlas Asset Management, Dream Incubator along with the existing investors IDG Ventures India, Inventus Capital, Blume Ventures, and NB Ventures. The startup will use the latest funding round to deepen its presence in India and also hopes to enter other emerging markets in near future.

FarEye: New Delhi-based logistics management startup FarEye picked up $9.5 Mn (INR 61.5 Cr) in Series C funding from Deutsche Post DHL Group. The newly-secured financing from Deutsche Post DHL Group will be utilised to expand the logistics management platform’s presence across Europe and the US later this year.

Find the complete list of all the startup news from last week →