TheNFAPost Podcast

Amritsar, NFAPost: The week ended Sep 19 saw 18 Indian startups raise funding, of which 14 received a total sum of about $411 million.

Fantasy sports platform Dream11 was the highest grosser with a funding of about $225 million, which was followed by Mobile Premier League or MPL that raised $75 million.

Online gaming platforms has been an area, after edtech, that has been witnessing interest from venture capitalists and strategic investors.

Financial details for four for the total funding remained undisclosed.

Summary of deals closed in week Sep 14-19

Dream11: Dream Sports, parent entity of homegrown online fantasy sports platform Dream11 has raised $225 million in a mix of primary and secondary investment led by Tiger Global Management, TPG Tech Adjacencies, Chrys Capital, and FootPath Ventures.

MPL: MPL has secured $75 million in fresh financing led by SIG Global India Fund.

Other existing investors including PennBrook Capital, Bae Growth, and Beenext also participated in the funding round.

Acko: Amazon-backed digital general insurance startup Acko raised $60 million in its Series D funding round led by Munich Re Ventures.

The funding round also saw participation of existing investors including Amazon, RPS Ventures and Intact Ventures.

Airmeet: Made in India virtual event organisation startup, Airmeet has secured $12 million in its Series A funding round led by Sequoia Capital India and Redpoint Ventures.

Existing backers Accel India, Venture Highway, Global Founders Capital and Gokul Rajaram also participated in the funding round.

Classplus: Edtech startup Classplus has bagged $10 million as the first tranche of its ongoing funding round from Alpha Wave Incubation, RTP Global and Blume Ventures.

CashKaro: In its Series B funding round, cashback and coupon platform CashKaro has secured $10 million. The funding round was led by Korea Investment Partners and existing investor Kalaari Capital.

The Moms Co: Mom and baby care consumer goods startup The Moms Co has raised $8 million led by Saama Capital and DSG Consumer Partners. The round also saw participation from Shripad Nadkarni, Ashutosh Valani, and Priyank Shah.

EkAnek: In a Series A1 funding round led by Alpha Wave Incubation, EkAnek Networks has raised $5.4 million.

Existing backers Sequoia Capital India, Lightspeed India, and Matrix Partners also participated.  

Dozee: Bengaluru-based healthtech startup Dozee has secured $1.6 million from Prime Venture Partners,  YourNest Venture Capital, and 3one4 Capital.

Zimyo: In a seed funding round led by Beenext, human resources-technology startup, Zimyo has raised $1.5 million.

Origa: Mumbai based asset leasing solutions startup Origa has secured $1 million from 500 Startups, ah! Ventures, and a few angel investors.

Newton School: Edtech startup Newton School has raised $650,000 in a seed funding round led by Nexus Venture Partners.

The round also saw participation from Gaurav Munjal, Roman Saini, Hemesh Singh, Srinivas Anumolu, Ajay Gupta, Sahil Aggarwal and K.Ganesh.

Farmers Freshzone: In a funding round led by IAN Fund, agricultural-technology startup Farmers Freshzone has raised $470,000.

AFK Gaming: In a pre-Series A round of funding, e-sports news and media company, AFK Gaming has raised $200,000 from Inflection Point (IP) Ventures.

Undisclosed deals this week

Details of funds raised by Cub McPaws, Recordent, Burgerama and AnalytIQ Sports were not disclosed.

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