All the funding articles starting 2nd April to 9th April compiled in one.
This week’s edition contains 14 startups which raised a combined amount of approximately $ 460.35 Million. The highest funding of the week was recorded by PayTM Mall.
To get additional details about the funding of a particular company, click on its hyperlink.
Kaleidofin, a Chennai based fintech platform raises $2.8 million seed funding led by Omidyar Network, a Silicon Valley-based impact investing firm established by Pierre Omidyar, the founder of eBay, Blume Ventures, and individual investors, including Israeli serial entrepreneur and inventor, Professor Shlomo Ben-Haim.
BeYouPlus, a Delhi-based health and wellness startup raised a funding round worth Rs 50 Lakhs from Fortis Healthcare’s president Daljit Singh who already invested in the company previously. The firm, which is headed by Dermacy Healthcare Private Limited, first allotted 14,664 equity shares at Rs 10 each for a premium of Rs 330.99 a share.
DriveU, a startup that specializes in providing private drivers on-demand, recently secured Rs 1.6 Cr in a Pre-Series A round funding led by ex google executive Amitabh and Shilpa Singhal’s investment vehicle, Living Trust. The startup operated by Humble Mobile Solutions Private Limited first allotted 6449 shares at Rs 10 each and a premium of 2,490.
Porter, a logistics marketplace based in Mumbai raised Rs 50 crore funding from Mahindra Group in a Series C funding round. Resfeber Labs Private Limited operates the firm and allotted 246,280 shares of Rs100 each for the funding at a premium of Rs 1932.20 per share on March 28, 2018.
BeatO, a platform dedicated in catering and facilitating the lives of diabetes patients recently raised an institutional round of funding worth $1.3 million led by Leo Capital in partnership with Blume Ventures.
LetsTrack raised funds of $ 1.7 million from US investor James Arthur, who will join the firm as Chief Operating Officer in an attempt to expand its operations on the international market. LetsTrack is planning to offer their services in around 50 countries until 2020.
India’s leading C2C fashion re-commerce platform CoutLoot raised an investment of USD 1 million pre-series A funding round by Jadevalue Fintech, the investment arm of Chinese unicorn CashBUS led the investment round.
Finzy, a peer to peer (P2P) lending platform, announced that it received a first round of pre Series A fundingworth $1.3 million from investors in the lending industry. The next round of this Series A funding is projected to complete with additional investments from a pre-selected group of investors in the coming 2 months.
Drona Aviation, a Nano drones company received Rs 64 Lakhs from Globevestor, existing investor SINE IIT Bombay and additional investors. Drona Aviation Private Limited prepared 865 preference shares worth Rs 100 each and a premium of Rs 7377 per share.
Multibhashi, a language learning platform, based in Bangalore and Jaipur, has raised a funding of Rs. 60 lakhs from existing investors Aniruddha Malpani and CIIE Initiatives. Multibhashi Solutions Private Limited allocated 1284 preference shares priced each at Rs. 10 and a premium of Rs.4664.88 per share.
Paytm mall, the e-commerce daughter business of Paytm has raised over $445 Mn in funding from Japanese conglomerate SoftBank and Alibaba, the Chinese e-commerce giant. SoftBank has been the major investor in this round, funding around $400 Mn of the total amount.
Synctag, social media analytics startup received a Series A funding of Rs 2 Crore from private equity company Subhkam Ventures to begin operating in international markets. Investor Mohit Khadaria also participated in the funding round and joined the board of the company as well.
Veritas Finance, a Non-Banking Financial Company (NBFC) based in Chennai received Rs 23 Crore as in debt financing from Incofin Investment Management which is a fund manager company based in Belgium. The NBFC first allotted 230 Non-Convertible Debentures (NCDs) worth Rs 10 lakhs each.
Bombay Hemp Company Pvt Ltd. (BOHECO), raised Rs3.08 Crore capital from Ginni International Limited, a textile company based in Hong Kong and existing investor, Mukhtar Tejani of Gits Food. The company had previously allotted 308,063 shares worth Rs100 each.