Pune-based converged data protection solution provider Druva raised $51 Mn funding from Sequoia India, Singapore-based EDBI, as well as Blue Cloud Ventures and Hercules Capital. This round also includes contributions from other existing investors including NTT Finance, Nexus Venture Partners, and Tenaya Capital.
This week 13 startups raised about $56 Mn in funding altogether. (Funding amount is based on the startups that disclosed their funding.)
Startups Fundings Of The Week
Canvs: An online community of designers and artists Canvs raised an undisclosed investment from Pratik Seal, former CMO at Housing.com. Prior to this, Canvs had received an investment of about $150K (INR 1 Cr) from multiple HNIs.
Eventjini: Chennai-based ticketing platform Eventjini raised an undisclosed amount of funding from Mumbai-based end-to-end sports management company Procam International. With this funding, Procam acquired a 26% stake in the company.
Let’sBarter: Tech-based bartering platform Let’s Barter raised an undisclosed amount in investment from VC firm Scale Ventures, and Sanjay Choudhary. The funding will be used to scale up its operations across different cities of India and for expansion of its team
InstaCar: Indore-based online outstation taxi marketplace InstaCar secured $1 Mn Seed funding from Hong Kong-based Swastika Co Ltd. Within two months of its launch, the startup claims to have on-boarded over 500 cars in Madhya Pradesh.