This week 18 startups raised about $84 Mn in funding altogether and 3 acquisitions took place.
Startup Fundings Of The Week
BigBasket: Bengaluru-based online grocer BigBasket raised about $6.9 Mn (INR 45 Cr) venture debt from Trifecta Capital. The funds will be used to meet the CapEx requirements of the company, including setting up new warehouses, strengthening the cold chain, and reprocessing facilities for fruits & vegetables.
Adurcup: Delhi/NCR-based online procurement startup Adurcup raised growth capital from strategic corporate investors and well-known family offices. The startup plans to raise a total of $500K and has already closed 65% of the round. The overall plan is to reach 10,000 unique orders a month by the end of this financial year. The company also plans to launch Adurcup Prime for restaurants, capturing all their procurement needs in one place.
Icertis: ERP solutions startup Icertis raised $25 Mn in Series C funding led by B Capital Group, Ignition Partners, and Greycroft in partnership with e.ventures and Eight Roads Ventures. The company will use the recent round of funding to accelerate R&D investment in the ICM platform. They also plan to double their staff in Seattle, San Jose, Pune, and Stuttgart and expand geographical footprint with new offices in the US and Europe.
IndusOS: Mumbai-based fully indigenous mobile operating system Indus OS raised an undisclosed amount from JSW Ventures, VenturEast, and Omidyar Network. The startup will use the raised funds towards product development and hiring new talent. The investment will also be used for enhancing the platform’s language technology to cover more Indian languages.
Licious: Bengaluru-based gourmet meat delivery, Licious secured $10 Mn in a Series B round led by Mayfield India, 3one4 Capital, Sistema Asia Fund, and Neoplux Technology Fund. The raised funds will help the company boost business growth and facilitate expansion plans in markets like Hyderabad and Delhi-NCR.