Funding updates

Weekly funding report in Indian startups(18 Jan-23 Jan)

This week 23 Indian startups raised funding, of which 20 received a total sum of about $118 million. Among them, DeHaat raised the highest funding of about $30 million followed by MFine, which raised around $16 million.

Darwin box: For the very first time, Salesforce invested in an Indian company, DarwinBox a developer of human resources software that serves several of Asia’s largest tech startups.

Dunzo: E-commerce agency and Google-backed Dunzo has attracted a contemporary spherical of $40 (about ₹292.7 crores)million in capital from new and present traders.

Dehaat: Dehaat, an online platform that offers full-stack agricultural services to farmers, has raised $30 million in Series C funding, led by Prosus Ventures.

Furlenco: Online subscription-based rental furniture platform Furlenco has raised Rs.44 Cr. debt from his investors, Black Soil Capital and Crescent Enterprise Limited.

MFine: Digital Health startup MFine has raised $16 million in a new funding round led by Heritage Capital with participation from the Singapore-based family office of Y’S Investment Pte Ltd.

Turnip: Game live streaming and community platform Turnip has raised $1.63 million in seed funding led by Elevation Capital.

AlphaICs: Edge AI technology company AlphaICs has secured $8 million in Series B funding. The round was led by Endiya Partners and Emerald Technology Ventures.

ShopG: On Wednesday social ecommerce platform ShopG closed a $1.5 million seed funding round led by Orios Venture Partners and RPSG Ventures.

Possible: Nutrition-based healthcare company Possible has raised $0.68 million from Bollywood actor Aishwarya Rai Bachchan as part of its larger funding round.

Mindler: Mindler on Tuesday announced that it is raising a $1 million pre-Series led by Inflection Point Ventures.

Fashinza: B2B manufacturing marketplace Fashinza that solves apparel and fashion supply chain challenges has raised a seed funding of $2.6 million led by Accel Partners and Elevation Capital.

Dangal Games: Online skill-based gaming platform Dangal Games has raised $1 million in Series A round of funding.

Ripplr: Tech-enabled distribution and logistics ecosystempp platform Ripplr has raised $3 million in Series-A funding from Zephyr Peacock India Growth Fund.

Gegadyne Energy: Tech startup developing non-lithium based quick charging battery technology, Gegadyne Energy has raised $5 million in its Series A funding round from V-Guard.

MemeChart: Mumbai-based MemeChat has raised $0.15 million from early-stage venture fund 500 Startups as part of its accelerator programme.

CreditEnable: Venture Catalysts has invested $2 million in SME credit marketplace, CreditEnable along with its UK arm JPIN Venture Catalysts Ltd.

BeyondSkool: BeyondSkool, live online upskilling academy for kids has raised $2 million in seed round from Tomorrow Capital.

Lohum: Lohum, Noida-based lithium-ion battery pack manufacturer has raised $7 million in a round led by the investment firm, Baring Private Equity Partners India.

Udayy: Udayy, Gurugram-based edtech startup has raised $2.5 million in a seed round led by Alpha Wave Incubation (AWI).

Inficold: Inficold, Noida-based startup has raised $0.9 million in a funding round from RVCF and other undisclosed HNIs as a part of its Pre-Series A funding round.

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