We bring to you the latest edition Funding Galore: Indian Startup Funding of the week.
This week 14 startups raised around $61.2 Mn in funding altogether. (The startup funding calculations are based on the startups that disclosed funding amount.)
One of the biggest funding in the Indian startup ecosystem this week was Mumbai-based B2B online marketplace Bizongo (Business On-The-Go) raising $22 Mn Series B funding round from B Capital along with International Finance Corporation (IFC), in participation with the existing investors, Accel Partners and IDG Ventures. The startup plans to use the funding to focus on advancing its technology platform and design functions, as well as strengthen its teams across cities.
Indian Startup Funding Of The Week
Suki: AI enabled healthtech startup Suki (formerly called Robin) raised $20 Mn led by Venrock, First Round, Social Capital, as well as individual Googlers and other angels including Nat Turner of Flatiron Health, and Marc Benioff (CEO of Salesforce).
MyLoanCare: Gurugram-based B2C online loans marketplace MyLoanCare secured $977.7K (INR 6.5 Cr) equity Series A funding from Ncubate Capital Partners, a private investment arm of SAR Group family office. The startup plans to use the funding for branding, technology augmentation and growth.
SAMCO: Mumbai-based discount broking firm SAMCO raised $7.5 Mn (INR 49 Cr) in a Series B funding round from existing promoters and London-based investment management firm Bay Capital Investment Partners. The startup plans to use the funding towards building its mutual fund distribution, lending capability, research and advisory businesses.