TheNFAPost Podcast

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.

Previous articleMastercard To Allow Cardholders To Transact In Cryptocurrency
Next articleHome robot company Trifo launches new variant of Max series with price cut of INR 7,000

LEAVE A REPLY

Please enter your comment!
Please enter your name here