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Startups Funding Roundup – India (September 28 To October 4, 2018)

Oct 8, 2018 by Zahir Zakaria
Startups Funding Roundup – India (September 28 To October 4, 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:

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September 28

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.

September 30

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.

October 1

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.

October 3

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.

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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