This week 20 Indian startups raised funding, from which 15 companies received a total sum of about $72 million. Among them, Mpower Financing raised the highest funding of about $25 million and Makers Hive, stands 2nd in raising funds around $9 million.
Phable: Healthcare services platform Phable has kicked off its Series A round with $6 million investments from Manipal Health Enterprises which operates Manipal group of hospitals and US-based accelerator SOSV.
Saveo: B2B e-commerce marketplace for pharmacies Saveo has secured $4 million in a seed round co-led by Matrix Partners India and RTP Global with the participation of Incubate Fund, India Quotient and a clutch of angel investors.
GrowFix: Digital investment platform for Securitised Debt Instruments (SDIs), GrowFix has raised $2 million in a seed round led by Zerodha’s fintech investment fund Rainmatter.
Bombay Shaving Company: Reckitt Benckiser has led a $6 million funding round in direct-to-consumer (D2C) brand Bombay Shaving Company.
Venwiz: Manufacturing-focused business-to-business industrial service market network, Venwiz has raised $3 million led by Accel and Nexus Venture Partners.
Vista Rooms: Hospitality brand that manages a network of holiday homes, Vista Rooms has raised $1.36 million in funding led by DSG Consumer Partners.
Mpower Financing: Education-loan provider to international students, Mpower Financing has raised $25 million from US-based investment management firm Tilden Park Capital Management.
Makers Hive: Bionics firm Makers Hive has raised $9 million in growth capital from an idea-stage fund established by Starfish Growth Partners and Investpad.
Junio: Kids-focused fintech platform Junio has raised $1 million in a seed round from a clutch of angel investors, including Cred founder Kunal Shah, BharatPe CEO Ashneer Grover and Policybazaar’s Yashish Dahiya.
SeeVC: Delhi-based technology startup SeeVC has raised $0.1 million in seed funding from Sweden-based angel investor Jimmy Singh.
Headfone: Social audio platform Headfone has raised $3 million as part of its Series A funding round led by South Korean-based venture capital firm Hashed and Seung Yoon Lee.
