Amritsar, NFAPost: The week ended August 22 saw 18 Indian startups raise funding, of which 13 received around $84 million. Funding for the remaining five startups remained undisclosed.
Edutech startup Lead School bagged the highest funding of around $28 million, which was followed by logistics management software FarEye that raised $13 million.
Summary of deals closed during week Aug 17-22
Lead School: Edutech startups have been the highest grossers in the last few months. Last week Lead School secured $28 million from WestBridge Capital in a Series C funding round. Lead School saw this fresh round of funding after a year.
FarEye: Machine-learning based predictive logistics platform FarEye bagged $13 million in its extended Series D funding led by Sanjeev Aggarwal and Nandan Nilekani’s Fundamentum Partnership Fund.
Trell: Content-community-commerce platform Trell secured $11.4 million during the last week in a Series A funding round led by KTBN Ventures and Samsung Ventures.
FPL: Fintech startup First Principles Lab, also known as FPL Technologies, secured $10 million in a Series A funding round led by existing investors — Sequoia Capital India and Matrix Partners.
This round of investment also saw participation from Hummingbird Ventures along with a few angel investors.
Pixxel: In a seed funding round led by Blume Ventures, growX ventures and Lightspeed India, space tech startup Pixxel raised $5 million.
Inventus Capital India and other angel investors including Stanford Angels and Ryan Johnson also participated in this round.
Mitron: Made-in-India short-form video application Mitron has raised $5 million in a funding round led by Nexus Venture Partners. Lets Ventures and 3one4 Capital also participated in the round.
Masai School: In its pre-Series A round of funding, software coding platform Masai School secured $2.5 million. The funding round was led by Unitus Ventures, and also saw participation from AngelList India and existing investor India Quotient.
Captain Fresh: Seafood focussed B2B startup Captain Fresh secured $2.3 million in a pre-Series A funding round. This round was led by Ankur Capital along with Incubation Fund. Silicon valley-based angel investors also participated.
Repute: Blockchain-based data and identity management platform Repute secured $1.7 million in its seed round of funding led by Global Founders capital or GFC, a VC fund of Rocket Internet.
Able Jobs: The hiring platform for entry-level jobs raised $1.7 million in its seed round of funding led by multi-stage investor SAIF Partners.
SmarterBiz: In a pre-Series A funding round, AI-powered customer experience platform SmarterBiz has raised $1.1 million from StartupXseed Ventures, Daksh, MI Aravind, Artiman, Ravi Viswanath, Ranjan Biswas, MJ Aniketh, and Ramesh Radhakrishnan.
GrayQuest: In a pre-Series A funding round led by Foundation Holdings, education-focused fintech company GrayQuest has raised $1.2 million.
The funding round also saw participation from Ashok Wadhwa’s Family Office, Mahansaria Family Office, Jeejeebhoy Family Office, Rohit Dhoot, and Samir Bhatia, among others.
Daalchini: A startup that provides instant-home food via IoT-enabled vending machines raised $0.6 million in a pre-Series A round of funding led by existing investor Artha Venture Fund.
The funding round also saw participation from angel investors including Ashutosh Valani, Priyank Shah, Ajay Kaul, Narendra Karnavat, and Amit Lakhotia.
Undisclosed deals
Financial details of deals closed by Mesh, Eden Smart Homes, SpeakIn, Kaagaz Scanner and Teachmint were not disclosed.
