TheNFAPost Podcast
4

Bengaluru, NFAPost: Even when the country is facing the challenges of Covid-19 pandemic, last week witnessed 15 Indian startups raised funding.

Of the total 15 fuding, 11 startusps raised a total sum of about $46.7 million. Among them, Zetwerk raised the highest funding of about $21 million followed by Flinto, which raised $7.2 million. At the same time, funding for 4 of the total funded startups remained undisclosed.

Flinto: Learning Solutions, the leader in Early Childhood Education in India, raised $7.2 million in Pre-Series B funding, led by Lightbox Ventures. Founded in September 2013 by – Arunprasad Durairaj, Vijay Babu Gandhi and Shreenidhi Srirangam, Flinto is built on a mission to change the way children across the world learn and play.

BluSmart: The Gurugram-based electric cab-hailing app BluSmart has raised around $5 million in its pre-Series A round from existing and new investors. Founded by Punit K Goyal, Puneet Singh Jaggi and Anmol Singh Jaggi last year, the company raised this capital from Mumbai Angels Network, Inflection Point Ventures and LetsVenture

Mitron: Short video app Mitron TV has raised $0.25 million led by venture capital firm 3one4 Capital as well as a LetsVenture syndicate led by Arun Tadanki. Both investors have put in Rs 1 crore each in the Bengaluru-based venture. Founded by two computer science engineers, Shivank Agarwal and Ankit Khandelwal, Mitron app is a short-form social video app that allows users to create, upload, view, and share entertaining short videos, similar to China’s TikTok.

Zetwork: Business-to-business marketplace for custom manufacturing, Zetwerk, has secured  $21 million in a Series C funding round led by its existing backers, Greenoaks Capital and Accel Partners. The funding round comes just six months after the two-year old startup had raised $32 million as part of its Series B round in December that was also co-led by Greenoaks capital. The company is founded by IIT alumni Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary.

ChitMonks: Hyderabad based Fintech/Blockchain startup ChitMonks startup raised $0.65 million in pre-Series A round from Unicorn India Ventures. The VC firm has made the second investment after SaScan from its second fund worth Rs 400 crore. ChitMonks is founded by Pavan Adipuram, Malla Reddy and Sridhar Reddy in 2016.

Gobbly: Gurgaon based retail technology venture Gobbly has raised a seed equity funding of $500,000 from Sauce.vc, an early stage consumer VC fund. Gobby co-founders include Amit Ahuja and Ankur Agrawal.

Paper Boat: Gurugram-based beverage and snack brand Paper Boat has raised $3.7 million from Sofina Ventures, A91 Emerging Fund I, SCI Growth Investment II and Catamaran Ventures. Hector Beverages owned Paper Boat is founded in 2010. The funding is marked as Series C.

Bulk MRO: Business-to-business (B2B) marketplace startup Bulk MRO, has raised $3.3 million in a debt funding round led by Stride Ventures.

Indus OS: Affle, a mobile commerce and marketing solutions provider, has infused $2.86 million in Indus OS for 8% stake.

Ken42: Bengaluru-based edtech startup, Ken42, has raised $1.4 million from Turbostart.

Inspektlabs: An AI-based inspection startup, Inspektlabs, has raised $0.6 million in a pre-Series A funding round led by venture firm Better Capital and Titan Capital.

Undisclosed deals this week

Forbidden FoodsBold CareAerostrovilos, and Samosa Party did not disclose their financial details.

LEAVE A REPLY

Please enter your comment!
Please enter your name here