The Passage brings you a weekly digest on all the venture capital financing, fundraising, investments and acquisitions in India. Here are the top highlights:
Delhi-based short video-making platform Spoofin has raised an undisclosed amount in its seed round from Mumbai Angels. Details of how the company intends to utilise the funds were not immediately available.
Bangalore-based online tutoring platform Byju’s Classes has raised USD 100 million from General Atlantic. The unicorn has not revealed how it intends to utilise the funds.
Delhi-based gaming startup 9stacks has raised USD 3.86 million in Series A round from WaterBridge Ventures and other existing investors. The company plans to use the funds to ramp up its technology and expand its business.
Delhi-based online tea selling platform Vadham Tea has raised 2.20 million in Series A funds from Fireside Ventures. The company hopes to use the proceeds to expand its business to the US.
Mumbai-based online food selling platform Snackible has raised an undisclosed amount from Mumbai Angels. Details about the company’s fund utilisation were not immediately available.
Delhi-based logistics startup Gobolt has raised USD 5.48 million in Series A round from Avishkar. The funds will be used to expand the business of the company across India.