This week 14 startups raised over $12 Mn in funding altogether. (Funding amount is based on the startups that disclosed their funding amounts.)
Startup Fundings Of The Week
Rupaiya Exchange: Delhi-based fintech startup that facilitates peer-to-peer lending, Rupaiya Exchange, has secured $200K in its angel round of funding from HNIs and a group of professionals. The company plans to deploy the raised funds towards enhancing its technology and strengthening its team.
WittyParrot: WittyParrot, a cloud-based SaaS platform has raised about $444K (INR 3 Cr) Seed funding led by Mumbai Angels Network with participation from Silicon Valley-based angel investors. The startup will use the newly raised funding to expand its sales team and grow footprint in the US as well as India.
GoMechanic: Automotive services platform for cars, GoMechanic has secured $250K from Venture Catalysts, a Mumbai-based Seed fund and innovation platform. The raised funds will be utilised to build its tech infrastructure and towards the expansion of its team.
NeuroEquilibrium Diagnostics: Jaipur-based healthtech startup NeuroEquilibrium Diagnostics Systems Pvt. Ltd, a super-speciality healthcare chain of vertigo and balance disorders clinics, raised $250K in Pre-Series A round of funding. The investment is led by Unicorn India Ventures, a Mumbai-based VC with INR 100 Cr fund corpus. The organisation is looking to raise a further $2 Mn in Series A funding in near future.
Revv: Delhi-based self-drive car services company Revv secured $9 Mn in its series A round of funding led by Edelweiss Private Equity. The round was divided across equity and debt, where it received debt financing from Mahindra & Mahindra Financial Services and car leasing partner LeasePlan India. The startup will deploy the raised funds towards expansion, development and launch of new products, and for building its proprietary technology.