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The week went pretty interesting for the startup ecosystem, with a number of funding activities taking place. This week 12 startups raised more than INR 1000 Cr. (this is based on the startups that disclosed their funding amount), with Housing.com alone raising $100 Mn from SoftBank and others.
Let’s have a look at the startups that raised funding this week:
Chennai based social business incubator Villgro disclosed its investment in 7 startups. It has invested about INR 10-15 lakh in each startup, which include: Kamal Kisab, Flybird Innovations, VectorDoc, SustainEarth, SkillTrain, MicroX Labs and Bempu.
With this, Rocket Internet backed foodpanda acquired Tastykhana for an undisclosed amount and Bangalore based Urban Ladder acqui-hired Delhi based BuyNBrag.
Times Internet’s startup accelerator TLabs announced the 5 startups that are part of its 6th batch. TLabs has now raised the valuation of each startup that it accepts in the program to INR 1.5 Cr.
Few other important developments include:
F Cubed, a seed capital fund which invests in startups founded by Women entrepreneurs raised INR 30 Cr. or $ 5 Mn.
Silicon Valley based Startup Accelerator 500 Startups launched 500 Mobile Collective (aka “500 MC”), a $10 Mn micro-fund focused on mobile. The fund will be investing in awesome mobile founders, apps, and startups all over the world.
Infosys’s co-founders S Gopalakrishnan and SD Shibulal launched a new business incubator namely Axilor Ventures, to help entrepreneurs and early-stage startups to succeed in diverse verticals.
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