This week Softbank announced that it will be investing $10 Bn in Indian startups, with this, the firm disclosed that it is investing $210 Mn in Ola Cabs in Series D round and $627 Mn in Snapdeal, thus making it the largest investor in the ecommerce firm. Apart from this, a number of notable investments also took place during the week.
Let’s have a quick look into the startups that raised funding this week:
Zoomcar: It raised $ 8 Mn in a funding round from Sequoia Capital along with a few new and its existing investors. Going forward, it plans to expand its services in Delhi, Mumbai, Chennai, Hyderabad, Goa, among other cities.
AdPushup: Ad revenue optimization platform, AdPushup raised $632k in angel funding round led by about 50 investors on the online funding platform LetsVenture. It plans to use the raised funds for building a kick-ass technology team and will also start building a base in the US.
91mobiles: Gurgaon based product research startup for gadgets, 91mobiles.com raised close to USD 1 Mn in a pre-Series A round from a group of investors led by India Quotient. The startup plans to use the raised funds for expanding the team, developing better research tools & content for the mobiles & tablets categories, and building a similar research experience for other gadget categories.
Testbook: Mumbai based edtech startup, Testbook raised an undisclosed amount in funding led by Utsav Somani, Angel Investor, Indian Angel Network on online platform LetsVenture.