Amritsar, NFA Post: The week ended 13 Feb saw 30 Indian startups raise funds, with BharatPe being the highest grosser, followed by Dailyhunt.
Of the 30 startups, 25 received a total sum of about $320 million, while financial details of the rest remained undisclosed.
Summary of deals closed during Feb 8-13
BharatPe: In its Series D funding round, the QR-code based payments firm raised $108 million.
This funding round led by Coatue Management also saw participation from existing investors including Sequoia Capital, Insight Partners, Steadview Capital, Ribbit Capital, Amplo, and Beenext.
Dailyhunt: In a fresh round of funding, Bengaluru-based vernacular news aggregator platform Dailyhunt’s parent company Verse Innovation has raised $100 million from Qatar Investment Authority, and Glade Brook Capital Partners.
This round also saw participation from Canaan Valley Capital, and existing investor Sofina Group.
Doubtnut: In its Series B funding round, interactive online tutorial startup Doubtnut has raised $25 million from Sequoia Capital, SIG Global, WaterBridge Ventures, and ON Mauritius.
TenderCuts: In a funding round led by Paragon Partners, Chennai-based omnichannel meat and seafood brand TenderCuts has secured $15 million.
The funding round also saw participation from NABVENTURES, an agri-food tech venture capital fund backed by NABARD.
Nazara: Mumbai-headquartered gaming and sporting media platform Nazara has secured $13.6 million from Instant Growth Ltd, an investment vehicle of North America based limited partners of Hornbill Orchid India Fund.
Phable: In its Series A funding round, the Bengaluru-based healthtech platform that focuses on chronic disease management has raised $12 million.
The funding round was led by Manipal Hospitals, while existing backer New Jersey-headquartered SOSV also participated.
SarvaGram: In a Series B equity investment round, fintech startup focused on rural areas SarvaGram has secured $10.5 million. This funding round was led by Elevation Capital, formerly known as SAIF Partners. The round also saw pro-rata participation from existing investor Elevar Equity.
Eduvanz: The Mumbai-based Non-Banking Finance Company for students seeking financial assistance has raised $10 million in debt funding from InCred Financial Services, Northern Arc Capital, and Vivriti Capital.
Scentials: Former tennis professional and serial entrepreneur Mahesh Bhupathi’s co-founded beauty and wellness company Scentials has raised $6 million from TIW Private Equity.
Pepperfry: In a debt funding round, InnoVen Capital has invested $4.7 million in the Mumbai-based online furniture marketplace. This is InnoVen Capital’s third investment in the startup since 2017.
Grofers: Online grocery delivery service Grofers has raised $2.75 million from Chicago-based asset management firm Euler Fund.
According to regulatory filings in Singapore, the Gurugram-based firm has allotted 52,715 Series F shares to Euler Fund against the amount raised.
Method & Madness: In a seed round of funding led by Silicon Valley investors, Mumbai-based consumer-centric real estate buying platform Method & Madness has raised $2 million.
GlobalFair: In a seed funding round, B2B cross-border trading platform GlobalFair has secured $2 million. The funding round was led by India Quotient and Saama Capital.
Swajal: In its Pre-Series A funding round, the Gurugram-based watertech startup has raised $1.6 million from Rajasthan Asset Management Company and other investors.
Progcap: The 2017-founded startup that provides access to collateral-free working capital retailers has raised $1.3 million in a debt round led by venture debt fund Stride Ventures.
Unlu: In its seed funding round, celebrity engagement platform Unlu has secured $1.2 million. The funding round was led by Nexus Venture Partners, and also saw participation from Mumbai Angels, TiE and Expert Dojo.
Siply: In a seed funding round, the Bengaluru-based micro-savings fintech platform has secured $1 million. The funding round saw participation from investors such as Jain International Trade Organisation, Angel Network and Inflection Point Ventures, among others.
ABL Workspaces: As a part of its pre-Series A funding round from Wurk, this Delhi-based co-working space provider has raised $680,000.
AutomataPi: Digital process automation platform AutomataPi has secured a seed funding of $410,000 from Indian Angel Network.
Zingavita: In an angel funding round led by Anicut Angel Fund, Chandigarh-based children’s nutrition brand Zingavita has raised $400,000.
EduFund: As part of a pre-seed investment round led by US-based ViewTrade Holding Corp., fintech platform focused on helping with higher education planning, EduFund, has raised $340,000.
Filo: As part of its pre-seed investment round from Better Capital, instant tutor app Filo has secured $260,000.
OwO: Gurugram-based water e-commerce startup OwO has raised $200,000 in an angel funding round from ah! Ventures angel platform. The round also saw participation from investors from Marwari Angels and others.
Supersourcing: In a seed funding from Vijay Shekhar Sharma, Ritesh Malik and Nikhil Sharma, IT outsourcing platform Supersourcing has raised $200,000.
Supply6: Bengaluru-based health food convenience brand Supply6 has secured $130,000 from India CXO Fund and Singapore-based MAGEhold.
Financial details of the deal closed by Zingbus, Hypd Store, Codingal, Agnikul and Koo remained undisclosed.
