Funding in Indian startups this week (13 May-18 May)

funding

This week 12 Indian startups received funding, of which 9 received a total sum of about $258 million. Among them, Grofers raised the highest funding of about $200 million followed by Dailyhunt which raised about $22 million.

Meanwhile, funding for 3 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week:

Grofers: Online grocery firm Grofers has raised $200 million led by Softbank Vision Fund.

Dailyhunt: News aggregator Dailyhunt has raised $22 million from Belgium-based investment company Sofina SA as a part of Series E round. With this, the firm’s valuation has reached $534 million.

StoreKing: Rural e-commerce enabler StoreKing that partners with small town kirana and retail stores to offer digital services has scored a fresh round of $3 million from Silver Cap Limited.

Docttocare: Healthcare service provider Docttocare has raised $0.57 million in seed funding from startup mentor Krishnakumar Devnally, Director of mPower Solutions.

DocsApp: Online doctor consultation platform DocsApp has raised $1.7 million in debt from InnoVen Capital. The fresh funding comes after a gap of 17 months post a $7.2 million Series A round.

Locus: Supply chain optimisation startup Locus has raised $22 million in Series B round led by Falcon Edge Capital and Tiger Global with participation from existing investors – Exfinity Venture Partners and Blume Ventures.

Craftsvilla: Online ethnic and jewelry store Craftsvilla has raised yet another $0.85 million tranche from Singapore based parent Supera Investments.

Blackbuck: Logistics startup Blackbuck has received the fourth tranche of its ongoing Series D round from Light Street Capital. The US-based VC’s India focussed fund has invested close to $7 million.

Ethereal Machines: Deep-tech startup focused on the manufacturing industry, has raised $1 million in its pre-Series A round led by Blume Ventures.

Undisclosed deals this week

FMCG startup Pipal Tree Beverages, flavoured yogurt brand Epigamia, and Unisex Retail company Disrupt did not disclose their financial details on funding.

*Every week we track startups that have raised fresh investment. Stay tuned for next week funding roundup

[“source=entrackr”]