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Startups Funding Roundup – India (September 21 To 27, 2018)

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

Oct 5, 2018 by Zahir Zakaria
Startups Funding Roundup – India (September 21 To 27, 2018)

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

September 25:

Gurgaon-based hotel booking startup OYO has raised USD 1 billion in Series E round. The round was led by Japanese investment bank Softbank and also saw participation from Lightspeed Venture Partners, Sequoia Capital and Greenoaks. The company said that the majority of the funds raised would be deployed towards its China expansion efforts.

Mumbai-based cybersecurity startup Sequretek has raised USD 3.7 million in its Series A funding round that was led by Unicorn India Ventures. The company said the funds will be used for expansion into North America.

Delhi-based big data firm Goals101 has received USD 3.5 million from Nexus Venture Partners. The proceeds will be used for expansion and growth of the company.

Delhi-based students’ accommodation platform Stanza Living has raised USD 10.4 million in its Series A round from a number of investors including Sequoia Capital, Matrix Partners India and Accel Partners. The funds will be used to improve its technology and expand to new markets.

Thiruvananthapuram-based CareStack, a cloud-based dental care service provider has raised USD 16 million in Series A round from investors that included FPrime Capital Partners, Accel Partners and Eight Roads Ventures. The latest funding will be used to strengthen its technology.

Hyderabad-based healthcare startup Docturnal that focuses on providing non-invasive tuberculosis diagnostic solutions has raised an undisclosed amount in its Angel round. The funds will be used to deploy their product for clinical trials at hospitals across the country. Kolkata-based equity research and analytics app StockEdge has raised an undisclosed sum in its Series A investment. Further details on the funding round was not immediately available.

September 26:

Bangalore-based online meat selling startup Licious, run by Delightful Gourmet Pvt. Ltd, reported raising USD 25 million in its Series C funding round from multiple investors including Bertelsmann India Investments, Vertex Ventures, Mayfield, 3one4 Capital, Sistema, InnoVen Capital and UCLA Investment Company. The company said the funds would be used to broaden the platform’s market.

Mumbai-based online healthcare aggregator PharmEasy said it raised USD 50 million in its Series C round from Eight Roads Ventures, FPrime Capital Partners, Fundamentum and Think Investments. The funds will be used to improve technology and widen its market, the company said.

Mumbai-based Sense-Hawk, a cloud-based platform that employs AI analytics to data collected from drones received a cash injection of USD 2 million in its Seed round from SAIF Partners. The funds will be used to expand the company’s business and in fresh recruitments.

Geneva-based industrial vehicle automation service provider BlueBotics, which also has operations in India reported having raised an undisclosed sum in its Series A round from Forestey Capital. The proceeds will help the company in its global expansion plans.

September 28:

Bangalore-based Netradyne, an AI tech firm that focuses on driver and commercial vehicle safety reported raising USD 8 million from existing investors Reliance Industries Limited in its Series B round. The company plans to use the latest proceeds to build an AI and machine learning solution for improved transportation data, autonomous vehicle research and development and insurance.

Delhi-based travel experience sharing app Tripoto announced raising an undisclosed sum in its Series A round.

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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