This week 12 Indian startups raised funding, of which 9 received a total sum of about $24 million. Among them, upGrad raised the highest funding of about $6.7 million followed by Eduvanz, which raised $5 million.
Meanwhile, funding for 3 of the total funded startups remained undisclosed.
Below is the summary of deals closed this week
Eduvanz: Edtech startup Eduvanz, which provides loans for skill development to students, has scored $5 million in a Series A funding round led by Sequoia Capital India.
HomeLane: Online home interior design platform, HomeLane is in the process to raise $3.8 million to top up its ongoing Series D round from existing investors.
ZipLoan: Stride Ventures has led a debt round of $2 million in ZipLoan, a technology-enabled lending platform that provides loans to MSMEs.
BigHaat: Bengaluru-based agritech startup BigHaat has raised $2 million in pre-series A round led by Beyond Next Ventures. Rockstud Capital, Ankur Capital, and other angel investors also participated.
Terra.do Online school for climate change, Terra.do has secured $1.4 million in a seed funding round led by Stanford Angels and Entrepreneurs (India), BEENEXT Emerging Asia, Rainmatter Capital, and other angel investors.
HungerBox: Business-to-business foodtech startup, HungerBox has raised $1.56 million from investors including One97, Sabre Partners Trust, Pratithi Investment Trust, and Singapore-based Srihari Kumar.
upGrad: Edtech firm upGrad has raised $6.7 million in a debt financing round from IIFL Income Opportunities Fund.
CityCash: Public transit-focused offline and contactless payments company, CityCash has raised $1 million in seed funding from Orios Venture Partners.
DocSumo: Document-focussed artificial intelligence startup, DocSumo has raised $0.22 million in a seed funding round from Better Capital and others.
Disclaimer: SAE India aims to provide a forum for interesting early stage companies at a fundraising stage to present. However SAE India is not a fund, does not do crowd sourced fundraising, nor does it provide investment advice or recommendations. Any due diligence, negotiation or investment activity conducted by members or officers of SAE India is conducted solely as an individual of their own accord as an accredited investor, not as an officer or representative of Stanford University, or Stanford Alumni Association. Stanford University and Stanford Alumni Association are not in any way endorsing or assessing the companies or entrepreneurs who present at SAE India nor are they involved in SAE India members or officers’ individual investment decisions regarding these companies.
4352 Market St
#3200 Philadelphia, PA 19103
6 Split Rock Drive
Cherry Hill, NJ 4563
343 Main St
#232 Singapore, SG 67867
89 Kingstreet St
#3200 London, PObox 19103