This week, two major funding rounds took place. First, Bengaluru-based online healthcare platform Practo raised $55 Mn Series D funding in a round led by Tencent. With this, three new investors have joined Practo – ru-Net, RSI Fund (owned by Recruit Holdings), and Thrive Capital.
Other existing investors Sequoia Capital, Matrix Partners, Capital G (formerly Google Capital), Altimeter Capital, and Sofina also participated in this round. The startup plans to use the newly raised capital to further build an integrated platform that unlocks value for the entire healthcare ecosystem and invest further in its international operations.
Next on, Bengaluru and Berlin-based mobile data startup Zeotap raised about $12.7 Mn Series B funding. This brings the company’s total funding to about $21.2 Mn. New Science Ventures (NSV), a New York-based venture fund with $500 Mn under management, and HERE, a leading global provider of mapping and location-based services backed by German automotive companies Audi, BMW, and Daimler also participated in this round.
Existing investors Capnamic Ventures and Iris Capital (backed by Publicis and Orange Telecom) also contributed to the new round. Zeotap has also attracted several strategic business angels including Seth Schuler (former SVP Strategy of T-Mobile US), Alex Pentland (Professor at MIT, co-creator of the MIT Media Lab), Mark Grether (co-founder and former COO of Xaxis) and Thomas Duhr (board member of IAB Europe).
This week 21 startups raised around $97.7 Mn in funding altogether. (Funding amount is based on startups that disclosed their funding)
Startup Fundings Of The Week
Vahdam Teas: Online tea brand Vahdam Teas secured $650K from angel investors Mumbai Angels Network, Fireside Ventures, and Singapore Angel Network. The company will deploy the raised funds towards marketing, product development, and opening a warehouse in the US. It currently claims to have shipped its garden fresh tea to more than 76 countries.