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Startups Funding Roundup – India (October 19 To October 25, 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:

Oct 29, 2018 by Zahir Zakaria
Startups Funding Roundup – India (October 19 To October 25, 2018)

October 22:

Mumbai-based financial planning startup Cube has raised USD 1.99 million as Series A funds from Beenext, Asuka Holdings and 500 Startups. The company will use the latest tranche of funds for market expansion.

Bangalore-based shared inbox management system Hiver has raised USD 4 million as Series A funds from Kae Capital and Kalaari Capital. The company said it would use the funds to realise their vision of making Gmail a powerful collaboration platform for use by businesses.

October 23:

Delhi-based edutech startup GuruQ has raised USD 0.03 million as Seed funds from undisclosed investors. The company plans to use the funds to expand its business and market its product.

Bangalore-headquartered AI-based video solutions provider VideoKen raised USD 0.93 million in its Seed round of investment that was jointly led by SRI Capital and Touchstone Equities. The funds will fuel the company’s plans to expand to North America.

Chennai-headquartered cloud-based governance platform Corestack has raised an undisclosed amount as Seed funds. The details of the company’s fund utilization details could not be immediately ascertained.

October 24:

Wadi, a Dubai-based e-commerce platform run by founders of Indian origin raised USD 30 million from Majid Al Muttaim. The fresh funds will help Wadi grow its business in Saudi Arabia.

Bangalore-based tax e-filing platform ClearTax has raised USD 50 million in its Series B round of funding that was led by Composite Capital. The proceeds will be deployed to upgrade the company’s technology to meet expanding consumer base.

October 25:

Delhi-based Medimetry, which offers an online platform for telemedicine, electronic medical records and disease management, has raised an undisclosed amount in Seed funding led by US-headquartered hedge fund BlueSky Capital Management. The funds will be used by the company to “revolutionise Indian the Indian healthcare scene through digitisation.”

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

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