Paytm’s founder Vijay Shekhar Sharma announced to invest $1.5 Mn (INR 10 Cr), in his personal capacity, in startups working on environment sustainability. He will also support any ongoing government or private initiative working on the protection of the environment. He is already in talks with other investors and fellow entrepreneurs. The application process for the same is yet to be structured.
Chennai-based SaaS startup Freshdesk announced a $55 Mn Series F funding round led by Sequoia Capital India along with Accel Partners. The newly infused funds will be utilised in fuelling the company’s aggressive expansion strategy across the entire product line. With this round, Freshdesk’s total funding to date has touched $150.5 Mn. Freshdesk also counts Tiger Global Management and Google Capital among its investors.
This week 17 startups raised about $67 Mn in funding altogether. (Funding amount based on startups that disclosed their funding.)
Startup Fundings Of The Week
DoSelect: Bengaluru-based HR tech startup DoSelect raised an undisclosed amount of Seed funding from 3one4 Capital, Mumbai Angels led by Mohit Saxena (co-Founder, InMobi), and Aarin Capital. Singapore Angel Network along with a cohort of individual investors also participated in the round. The raised funds will be deployed to scale current traction areas through targeted marketing and sales funnels. A part of the investment will also be used for product enhancements that move the needle for HR teams worldwide, vis-a-vis measurement of technical acumen in their respective organisations.
Zarget: SaaS-based web optimisation and marketing platform Zarget raised $6 Mn in its Series A round of funding led by Sequoia India. Current investors Accel Partners and Matrix Partners also participated in the round. The startup will use the proceeds to scale its marketing automation products and help small businesses easily optimise their web presence in real-time without requiring any coding skills.
Sattviko: Delhi-based health food restaurant chain Sattviko raised a round of follow-on funding from a series of angel investors including Quattro founder Raman Roy and, others. The amount of funding remains undisclosed. The investment will be focussed on a specific business vertical of the startup i.e. scaling up its packaged food business both operationally and geographically. The funding will also be used to launch a new branch of the business, an IoT-based vending machine for corporates, in the next three to four months