Owing to ongoing funding drought in the Indian startup ecosystem, nowadays startups find it relatively difficult to raise funds from investors. However, even in these difficult times several startups still manage to work their charm over investors as they are able to secure that much needed pay cheque from them. This week total 14 promising startups managed to secure the pay cheque from investors.
Below is a quick recap about these startups and investors as we roundup this week’s weekly funding activities in the Indian startup ecosystem.
NewsDog: News aggregator startup NewsDOG created sort of history this week as it managed to secured largest ever funding round in the content aggregation space. The size of the funding round was $50 Mn and the round was led by Chinese internet giant Tencent. The other investors that participated in this series c round were DHVC, Legend Capital Dotc United Group.
Curefit: Fitness startup Curefit once again showed its fund-raising capabilities after it secured $878.2k (INR 6 Cr) from Bollywood star Hrithik Roshan. Interestingly, Curefit had signed a five year endorsement deal with Hrithik Roshan in August last year. Earlier this year, the high profile startup had raised funds in two separate funding rounds including debt financing round led by HDFC and Axis Banks.
Edyoo: the school-centric e-commerce startup Edyoo raised $1 Mn from Rs Shanbag, Chairman & MD of Valuepoint Group. This was a pre-series A round for the Bengaluru based startup.
Betterplace: Betterplace, a startup that aims to make life easy for blue-collar workforce, secured a cheque of $3 Mn from 3one4 capital. The startup aims to use these funds to add new verticals into its business.
Smartivity Labs: The Edutech space has always garnered lot of interests from investors as it is considered as one of the most promising sectors. Capitalizing on this positive sentiment, Delhi based Edutech startup Smartivity Labs managed to secure $2 Mn (13.5 crore) from individual investor Ashish Kacholia.
Milkbasket: Grocery & micro delivery startup Milkbasket raised $7 Mn in a series A funding round. The funding round was led by high profile investor Kalaari Capital, while Singapore headquartered firm BeeNext also participated in the round.
Raw Pressery: As urban Indians get more & more health conscious, organic juice startup like Raw Pressery can always fancy its chances of becoming profitable business. This week its quest for profitability also got a funding boost, after it raised $9.55 Mn (6 crore) from existing investors like Sequoia Capital, Samaa Capital and DSG Consumer Partners.
ImpactGuru: Crowdsourcing platform ImpactGuru managed to source much-needed funds for itself as it secured $2 Mn (Rs 13 crore) funding in a series A round. The funding round was led by Apollo Hospitals Group and Venture Catalysts.
Rocketium: Catering to social media’s insatiable hunger for videos is the Bengaluru based startup Rocketium. This week it secured $294.94K (INR 2 Cr) from Blume Venture and other angel investors.
Cashkumar: P2P lender Cashkumar raised $737.33K (INR 5 Cr) in pre-series A round of funding. The startup will these funds for marketing and expansion purposes.
Other four startups that managed to get lucky on the funding front this week included DheeYantra, Pling, Arzooo.com and Mobisy.