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Startups Funding Roundup – India (July 13 To July 19)

Jul 23, 2018 by Zahir Zakaria
Startups Funding Roundup – India (July 13 To July 19)

The Passage brings you a weekly digest on all the venture capital financing, fundraising, investments and acquisitions in India.

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On July 12 Chennai-based office supplies procurement portal, Kobster bagged an undisclosed amount in Seed funds from Incubate. The organization chose not divulge details of how they plan to use their funds.

On July 13 Nexus Venture invested USD 10 million in Series A funding for Bangalore-based online concierge, Headout. The organization hopes to use the funds to expand to 100 cities, strengthen its technology and broaden its business verticals.

On the same day Mumbai-based crowd funding platform Wishberry received USD 1.46 million Series A funding from Reliance Big. The company hopes to use the funds to hire experienced talents from the filmmaking domain.

On the same day Jaipur-based online physician engagement platform, MEngage raised 0.18 million Seed funds from 100 CF Labs. The funds will be used to expand to more tier I cities.

On the same day Bangalore-based edutech startup Magic Crate bagged an undisclosed amount in Seed funding from Fireside Ventures and 3one4.

On July 15 Bangalore-based co-living space startup Abode Hostels raised an undisclosed amount in Seed funds from Akatsuki. The funds will be used to hire more hands and expand to new cities.

On July 16, Bangalore-based photo sharing app, Vebbler raised an undisclosed amount from Angel investors as Seed funds. The funds will be used to strengthen its technology.

On the same day, Bangalore-based edutech company Unacademy raised USD 21 million in Series C funding from Sequoia Capital and SAIF. The company , which is now valued at USD 38.6 million, will use the funds to hire more educators and to strengthen its products and services.

On July 17, Gurgaon-based online refurbished car selling platform, Car24, received USD 50 million in Series B funding from Sequoia Capital and KCK Creation. The company hopes to use the funds to drive its expansion plans ahead.

On the same day, Mumbai-based micro hospitality startup Saffronstays raised USD 2 million as Seed funds from Sixth Sense Ventures. The funds will help the organization to expand its assets of holiday properties.

On the same day, Andheri-based (Mumbai) digital insurance broking startup, McXtra, raised Seed funds worth USD 1.36 million from a funding led by Reliance Big. The funds will likely be used to expand and reach more users.

On the same day, Mumbai-based online entertainment ticket vendor BookMyShow bagged a USD 100.23 million Series D funding from equity investors TPG. The funding tags a value of USD 750 million on BookMyShow. A significant portion of the funds will be used to spur the company’s non-movie business.

On July 18, SME lender OfBusiness raised USD 29.26 million in Series C funding from Creation Investments. The company hopes to use the funds to source more funds for banks for lending.

On the same day, Hyderabad-based home décor solutions tech startup received USD USD 4.2 million Series A funding from SRI Capital and JLL India. The proptech startup will use the funds to enter the US market.

On the same day, Accel Partners poured in USD 3 million as Seed funds for Copenhagen-based games developer, FRVR. The company hopes to use the funds to enter new markets.

On the same day, Jaipur-based online furniture seller Wooden Street raised USD 1 million as Seed funds from Rajasthan Venture Capital. The funds will be used to help the organization expand their service verticals.

Zahir Zakaria

Zahir Zakaria is a Bangalore-based journalist. He focusses on emerging trends in the Indian startup ecosystem and can be reached out at Zahir@thepassage.cc

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