Funding Galore: Indian Startup Funding Of The Week [23-28 October]

We bring to you the latest edition Funding Galore: Indian Startup Funding of the week. This week 19 Indian startups raised about $42 Mn in funding altogether in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed their funding amounts)

eBay Inc, the global multinational ecommerce corporation acquired a 5.44% stake in Flipkart, in exchange for its eBay India business for $211 Mn (sold in April 2017) and $514 Mn cash investment (April 2017 as part of $1.4 Bn funding round) in the Indian ecommerce unicorn. Earlier this week, Flipkart was also said to be in acquisition talks with Swiggy, Urban Ladder, and UrbanClap.

Indian Startup Funding Of The Week

BigBasket: Bengaluru-based online grocery startup Bigbasket raised $5 Mn (INR 32.65 Cr) from Helion Ventures Partners. This comes at a time when rival Grofers India has pumped in $14.7 Mn (INR 96 Cr) from its Singapore-based parent company Grofers International.

Toppr: Mumbai-based personalised elearning solutions provider and online test preparation platform, Toppr raised $6.92 Mn (INR 45 Cr) in its Series B funding, led by its existing investors SAIF Partners, Helion Ventures, and FIL Capital Management. This capital will be used to expand the geographical footprint and accelerate user acquisition.

ParkEasy: Machine learning based parking discovery startup Park Easy, which operates Android app Peazy secured a pre-seed funding from Dutch Accelerator Rockstart. The amount is said to be around $117.4K (Euro 100K) and the deal has been done at a valuation of $1.8 Mn. With this deal, Park Easy will also shift its base to the Netherlands.

FYRE: Herbal energy shot maker FYRE raised $500Kin a seed funding round from Venture Catalysts. The investment in FYRE is led by Venture Catalysts angels – Apurva Parekh (Director, Pidilite Industries),Anupam Mittal (Founder, Shaadi.com), Vikash Agarwal, Manish Agarwal (Founders,Nandan Group) RomilRatra (Cofounder, Bellona Hospitality), Kunal Kishore(Founder, Value 360 Communications) AkshayBardia (Director, AT Plus), Karim Jaffer (MD, Gossip Shoes) Vijay Lakhani, Anil Jain, Amit Agrawal, Anup Agrawal, Dipan Dalal and others. The startup funding will be used by the company to ramp up operations, expanding sales & marketing team and enhance its distribution network.

ShieldSquare: Bengaluru-based bot mitigation and management startup ShieldSquare raised an undisclosed amount of Series A funding in a round led by Endiya Partners and RPG Ventures. Anthill Ventures and existing investors StartupxSeed, Venture Highway and a few angel investors also participated in the round. The startup will use the newly-secured financing to strengthen its bot mitigation technology platform. A portion of the funding will also go into expanding its market presence across the US and Europe.

Find the complete list of all the startups that got funded last week and more insights from the Indian startup world→