Amritsar, NFAPost: Indian startups continued to bag fundings during the week ended Aug 1. A total of 15 homegrown startups raised funding, of which four funded startups remained undisclosed.
Out of the 15 startups, 11 received a total sum of about $145 million. Edutech startup Toppr was the highest grosser with funding of about $47 million, followed by $40 million raised by vernacular language social media platform ShareChat.
Summary of deals closed during Jul 27-Aug 1
Toppr: Mumbai-based education technology startup Toppr raised $47 million in its Series D funding round led by Gulf-based investment firm Foundation Holdings. Existing investors Kaizen Private Equity also participated in the latest funding round.
Edutech startup has been a space that has seen several investors pouring in hundreds of millions of dollars over the past few months despite the uncertainty in economic conditions due to Covid-19 pandemic.
ShareChat: Regional language social media platform ShareChat has raised $40 million in a bridge round from existing investors including Lightspeed India.
Rebel Foods: Cloud kitchen chain Rebel Foods, previously known as Faasos, has raised $26.5 million from US-based hedge funding Coatue Management in the extended Series E round.
The 2010-founded foodtech startup had raised $50 million earlier in April from the hedge fund and the latest tranche is part of the round.
Hevo Data: SaaS platform Hevo Data has raised $8 million in its Series A funding round led by Singapore-based venture capital Qualgro and angel investor, Lachy Groom.
Existing investors including Chiratae Ventures and Sequoia Capital Surge also backed the company in the latest funding round.
BulBul: Video and live-stream led commerce platform BulBul has raised $8.7 million in a round led by Naukri parent Info Edge.
Of the $8.7 million funding, Info Edge invested around $6.63 million, while the remaining sum was poured in by the existing investors including Sequoia and Leo Capital.
Treebo: Being among the severely hit hospitality sector, budget hotel brand Treebo has raised $1.3 million from a list of marquee angel investors as part of its ongoing Series D round.
Earlier last month to keep its business running Treebo had raised an internal funding from its existing investors Bertelsmann BV, SAIF Partners, and Matrix Partners.
Ustraa: Men’s grooming products startup Happily Unmarried Marketing, which sells products online under the brand name of Ustraa, raised $6.6 million from IIFL Group’s second seed fund.
Muse Wearables: Bengaluru-based hybrid smartwatches selling startup Muse Wearables has bagged funding of $2.93 million from new and existing investors.
The funding round was led by Bhaskar Rao Bollineni, the founder and managing director of KIMS Hospitals.
Firescore: Mumbai-based mobile game development studio Firescore has raised $500,000 in a funding round led by multinational studio and publisher CrazyLabs.
Wellcure: Gurgaon-based health-technology startup Wellcure has raised seed funding of $200,000 from Inflection Point (IP) Ventures.
Wellcure is a venture by founder of local commerce company Nearbuy.com Sumeet Kapur.
Delightree: San Francisco and Delhi-based workflow automation app for businesses, Delightree has raised $3 million in a seed round from Accel Partners, Emergent Ventures, Brainstorm Ventures, Axilor Ventures, and Alchemist Accelerator.
Undisclosed deals during the week
Haqdarshak, Rekla, Datstop and WYN Studio did not disclose their financial details.
