Funding in Indian startups this week (27 May-01 June)
June 1, 2019
This week 17 Indian startups received funding, of which 14 received a total sum of about $93 million. Among them, Ather Energy raised the highest funding of about $51 million followed by GlowRoad which raised about $11.5 million.
Meanwhile, funding for 3 of the total funded startups remained undisclosed.
Below is the summary of deals closed this week:
Ather Energy: Ather Energy has secured $51 million in what looks like its Series D round and this investment has been led by Sachin Bansal with a $32 million cheque.
Zaasna: Property tech startup Zaasna has raised $0.28 million in its seed funding round from global investors based out of Singapore, Middle East, and the US.
Agara Labs: Deep-tech startup Agara Labs that helps automate customer support, has raised $2.5 million from Blume Ventures and Russia’s RTP Global in its pre-Series A funding round.
Hyperhire: B2B HR solutions Platform Hyperhire has raised $0.2 million seed fund from South Korea-based venture capital – Springcamp.
Bira 91: Craft beer company Bira 91 has raised $4.3 million in its pre-Series C round led by Sixth Sense Ventures, at a post-money valuation of $246 million.
GlowRoad: Social commerce startup GlowRoad has topped up its Series B round with $11.5 million latest tranche. Korea Investment Partners (KIP) and Singapore-based Vertex Ventures participated in the round.
Lifelong Online: Home appliances brand Lifelong Online has raised $5.7 million in a mix of primary and secondary round led by Tanglin Venture Partners.
Airblack: Social travel commerce startup Airblack has picked up $1.5 million in a seed round led by SAIF Partners.
Rocketium: Video creator platform Rocketium has picked up $1 million from early-stage investors – 1Crowd and Blume Ventures.
@ [‘AT’]: Social media marketing startup @ [pronounced ‘AT’] has raised $0.33 million through a consortium of marquee angel investors includes Anupam Mittal, Founder & CEO of shaadi.com; Dharti Desai, Founder & CEO Finewinesandmore.com; and Hardik Zaveri, Founder & Director, 8finity Global.
Homescreen Network: GrowthStory promoted regional digital media startup Homescreen Network that runs platforms like SparkTV and TheBigScope, has raised $2 million in Series A funding from Saama Capital.
FreshToHome: Online platform for fresh meat and fish, FreshToHome, has raised $11 million from a group of investors led by HongKong based CE Ventures.
FreshVnF: Mumbai-based agritech startup FreshVnF has raised $2 million in its first round of funding led by Equanimity Ventures.
Kabaddi Adda: Mumbai-based kabaddi web portal KabaddiAdda has raised $0.21 million in a seed funding round from Artha Venture Fund.
Undisclosed deals this week
Cleantech startup Clairco, Skilance Solar and TheMathCompany did not disclose their financial details on funding.