In the fervor of funding from National and International investors India is enjoying the boost of startup ecosystem in investors lap. This week, in total 13 startups grabbed more than $45 Mn in funding. (This is based on startups that disclosed their funding amount)
A Quick Recap Of The Funding Of The Week
Industrybuying: Venture capital and private equity firm SAIF partners invested over $2 Mn in Industrybuying.com, a B2B ecommerce startup for industrial material. The funds raised are planned to be used for increasing traffic growth, expansion and accessibility of products and drive massive revenue growth.
PepperTap: Online hyperlocal grocery startup PepperTap raised an undisclosed amount in seed funding from Sequoia Capital to expand its business geographies and develop a significant brand to fit its customers’ daily call of work.
SquadRun: SquadRun, a mobile marketplace for crowdsource work which raised an undisclosed amount of seed funding from a group of investors including Amit Ranjan of Slideshare, Deepinder Goyal, founder of Zomato, Zishaan Hayath, founder of Toppr and Girish Khera, cofounder at Scientific Animations. The raised funds will be used for product development and team expansion.
Tinyowl: TinyOwl raised INR 100 Cr in Series B funding round from Matrix Partners, Sequoia Capital and Nexus Venture Partners to expand in 50 more cities and gain market traction. It plans to improve the customer experience and satisfaction by investing in user friendly technology.