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Funding Galore: Indian Startup Funding Of The Week [13-18 May]

Funding Galore: Indian Startup Funding Of The Week [13-18 May]

We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!

This week the largest funding round was raised by Gurugram-based online grocery startup Grofers. It raised a $200 Mn in Series F round led by SoftBank Vision Fund. The company also raised capital from existing investors Tiger Global and Sequoia Capital as well as new investor KTB.

Grofers is looking to utilise the funding to expand into new markets, build out its supply chain, improve warehousing infrastructure and expand its private label portfolio.

This week, nine startups raised $205.39 Mn funding and one startup acquisition took place in the Indian startup ecosystem. (This funding report is based on startups that disclosed funding amount.)

Indian Startup Fundings Of The Week

Disrupt: Mumbai-based fashion retail startup Disrupt raised an undisclosed amount in Pre-Series A funding from Fynd cofounders Harsh Shah and Farooq Adam Anil Gelra and Mumbai-based VC firm First Cheque. The funds will be used to further invest in strategic collaborations, research and development, executive appointments, talent acquisition and offline retail expansion. Further, the funds will also be utilised for expanding its sales and marketing efforts.

DeHaat: Patna-based agritech startup DeHaat secured $2.84 Mn from venture debt firm Trifecta Capital. DeHaat plans to use the funds for piloting of financial services, such as credit and insurance, for existing farmers on its platform.

Epigamia: Mumbai-based food startup Drums Food International, parent company of Epigamia, raised an undisclosed amount from Deepika Padukone, Verlinvest, Danone Manifesto Ventures, and DSG Consumer Partners. With the investment the company aims to ramp up distribution to 50K outlets in more than 25 cities.

DocsApp: Bengaluru-based healthtech startup DocsApp raised $1.6 Mn (INR 12 Cr) from InnoVen Capital. With the funding the company will look to launch the DocsApp interface in Indian regional languages, besides the existing Hindi and English options.

Veratech: Gurugram-based business intelligence startup Veratech raised $100K from Chandrashekar Kupperi, GK Jaishankar and Srinivas P Naidu. The company is looking to expand its technology platform and utilise a portion of the funding for hiring.

Docttocare: Bengaluru-based healthcare service provider Docttocare raised $600K (INR 40 Mn) in seed funding from startup mentor Krishnakumar Devnally. The startup is aiming to touch 20 Lakh appointments by December 2020.

GIFkaro: New Delhi-based content startup GIFkaro raised $250K in angel funding from  Pranay Gupta and Dr Ekika Singh. GIFkaro said it plans to expand its product portfolio with the new funding.

Do Your Thng: Delhi-based shared economy platform Do Your Thng (DYT) raised an undisclosed amount from Sorabh Agarwal, Pawan Kumar, Girish Minocha, Proteek Dey and Rahul Verma. The funds will be used to expand the technology platform and on-boarding the brands, influencers and creators.

Indian Startup Acquisitions Of The Week

Other Developments Of The Week

Stay tuned for next week’s edition of Funding Galore: Indian Startup Funding Of The Week!

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