Startups

Funding in Indian startups this week (07 Dec-12 Dec)

Read more at entrackr.com

This week 18 Indian startups raised funding, of which 14 received a total sum of about $118 million. Among them, Cuemath raised the highest funding of about $40 million followed by DealShare, which raised $21 million.

Meanwhile, funding for 4 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

Cuemath: Edtech startup Cuemath has raised $40 million in its Series C round co-led by Lightstone Fund (LGT Lightstone Aspada) and Falcon Edge’s Alpha Wave Incubation.

Atomberg Technologies: Consumer appliance startup Atomberg Technologies has raised $9.1 million in its Series B round led by A91 Partners. The round also saw participation from Trifecta Capital and Survam Partners, the family office of the Suman Kant Munjal group.

DealShare: Social commerce platform DealShare has raised $21 million in its Series C round led by WestBridge Capital. Falcon Edge’s Alpha Wave Incubation, Z3Partners, and existing investors Matrix Partners India and Omidyar Network India also participated in the round.

Clovia: Lingerie brand Clovia has raised $4 million from a clutch of angels, Ivy Cap Ventures and She Capital Trust.

Ergos: Agritech startup Ergos has raised $2.9 million in its ongoing Series A round from London-based development finance institution CDC Group.

Dunzo: Hyperlocal delivery startup Dunzo has secured $3.2 million in its ongoing Series E round as a mix of debt and equity from Alteria Capital.

Bolo Indya: Gurugram based vernacular short videos sharing platform Bolo Indya has raised $0.4 million led by Inflection Point Ventures. Existing investors from Eagle10 Ventures also participated in the round.

Infra.Market: Business-to-business marketplace fo real estate and construction materials Infra.Market has raised $20 million as part of its Series B funding round from Evolvence India Fund, Sistema Asia Fund and Foundamental Gmbh.

Exotel: Cloud telephony company Exotel has raised $5.7 million from A91 Partners in a mix of primary and secondary share sales.

Mihup: AI conversational platform Mihup raised $1.5 million in Series A round led by existing investors Accel Partners and Ideaspring Capital.

5C Network: Digital radiology platform 5C Network has raised pre-series A round of $1.2 million from existing investors Unitus Ventures and Axilor Ventures.

WayCool: Fresh-produce distributor WayCool has raised $7.8 million in a debt-funding round from Samunnati, RBL Bank and InnoVen Capital.

Text Mercato: Cataloguing and content marketing firm Text Mercato has raised around $0.67 million in a pre-Series A round led by Windrose Capital and 1Crowd.

Bombay Play: Gaming studio that develops properties with a social component has raised $1 million as part of its seed fundraising exercise led by Lumikai.

Undisclosed deals this week

Read more at entrackr.com

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