This week 12 Indian startups raised total funding of about $178 million. Among them, CarDekho raised the highest funding of $70 million followed by Shadowfax, which raised $60 million.
Below is the summary of deals closed this week:
Shadowfax: E-commerce and hyperlocal focused B2B logistics enabler Shadowfax has raised $60 million in a Series D round led by Flipkart. Existing investors, including Eight Roads Ventures, Nokia Growth Partners, Qualcomm Ventures, Mirae Asset Naver Fund and World Bank-backed IFC, also participated in the round.
CarDekho: Online marketplace for car sales in India, CarDekho has raised $70 million in a Series D round from investors Ping An, Lenarco Limited and others.
Infra.Market: B2B infrastructure marketplace Infra.Market has raised $20 million in a Series A funding round led by Tiger Global Management. Nexus Venture Partners and existing investor Accel Partners also participated.
ZoloStays: Co-living and home rental space provider ZoloStays has raised $7 million in debt funding round from Trifecta Capital.
Kratikal: Cybersecurity solutions provider Kratikal has raised $1 million in a pre-series A funding round led by Gilda VC, Art Venture, and Rajeev Chitrabhanu.
Lucideus: Cyber security firm Lucideus has raised $7 million in a funding round led by MS&AD Ventures. Western Technology Investment also participated.
indyFint: Virtual banking startup indyFint has raised $2.1 million from Saravanan Adiseshan in its Series A funding round.
Nivesh.com: Noida-based distributor of mutual fund products, Nivesh.com has raised $0.6 million in a funding round led by existing investor Windrose Capital.
CredR: Refurbished two-wheeler reseller CredR has raised $5.31 million in a funding round led by Omidyar Network India. Existing investors Eight Roads Ventures, GrowthStory, and AngelList also participated.
Sarva: Yoga and wellness startup Sarva has raised $2.8 million in a funding round led by venture capital firm Fireside Ventures.
Froogal: customer loyalty and rewards programme platform Froogal has raised $1 million in its pre-Series A funding round led by a clutch of US-based angel investors.
Smart Institute: Edtech firm Smart Institute has raised $1.5 million from a group of HNI investors and family offices led by ah! Ventures.
*Every week we track startups that have raised fresh investment. Stay tuned for next week funding roundup
