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Weekly Funding (Oct 26, 2020)

Amritsar, NFA Post: Week ended Oct 24 saw 17 homegrown startups raise funding. Of the total 17 startups,  received a total amount of around $24 million.

Signzy bagged the highest funding by securing about $5.4 million, which was followed by $4.2 million raised by Slintel.

Summary of deals closed during Oct 19-24

Signzy: Digital KYC startup Signzy has secured an additional $5.4 million in its Series A funding round led by Arkam Ventures (Unitary Fund). The funding round also saw participation of existing investors.

Slintel: Marketing intelligence firm Slintel has raised $4.2 million in a funding round led by Accel.

Sequoia Capital India and existing backer Stellaris Venture Partners also participated in the round.

SoOLEGAL: Legal tech startup SoOLEGAL has bagged $4 million in a funding round led by private investors and family offices in India.

GoodGamer: Daily fantasy sports and gaming app GoodGamer has secured $2.5 million in its seed funding round led by an undisclosed group of investors.

Genius Teacher: In an angel round, Genius Teacher, a quiz-based edtech platform, raised $2 million from Abhijit Bose, Kunal Shah, Sandeep Tandon, Dhruv Agarwal, Justin Sway, Dan Lapus, Nimish Kampani, Gaurav Gupta, and Bikram Bedi, among others.

SUGAR Cosmetics: Mumbai-based makeup and cosmetics brand SUGAR Cosmetics has raised $2 million in debt round from Stride Ventures.

InnAccel: In pre-Series A round, medtech startup InnAccel has raised $1.5 million in pre-Series A round led by Mount Judi Ventures.

Krimanshi Feeds: Jodhpur-based startup working in the animal nutrition sector, has raised $680,000 from Rajasthan Venture Capital Fund (RVCF).

Supplynote: Noida-based supply chain automation platform Supplynote has raised $600,000 in a bridge funding round led by US-based SOSV and Australia’s Artesian Ventures.

Rare Planet: In a pre-Series A funding round, Kolkata-based Rare Planet has raised $470,000. The funding round was led by Uni-M Ventures and Venture Catalysts.

EzeRx: In its seed funding round, Kolkata-based medtech startup EzeRx has raised $230,000. The round was led by Odisha-based incubator KIIT-TBI.

HobSpace: Kids-focused extra-curricular activities organiser HobSpace has raised $200,000 in a seed round of funding led by early-stage micro venture capital firm Artha Venture Fund.

Undisclosed deals this week

Financial details of funding raised by Nykaa, Tring, Ahaguru, TagZ Foods, and Ultraviolette Automotive were not disclosed.

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