The week was filled with number of startup funding and acquisitions activites taking place. This week, 17 startups raised approximately $160 Mn in funding altogether. (Calculations are based on startups that disclosed their funding amount.)
Lets have a look at the startups that raised funding this week:
Delhivery: Ecommerce Fulfillment Company raised $85 Mn Series D round of investment led by Tiger Global Management. The company plans to tap the India’s rural market as well with a four-fold increase in its current reach along with investment in over 2.5 Mn square feet of fulfillment centers by the end of this year.
GrandOpinion: Healthcare startup raised $150k seed round from Florida-based angel group. The funds are to be utilized to develop its technology enabled service platform by bringing the patients together digitally with doctors as well as to expand its network of prestigious medical experts.
KleverKid: Web-based marketplace to view after-school and extracurricular activities for school children raised undisclosed amount of funding from Aarin Capital. Delhi-based startup will use the funds to expand into six tier I cities including Mumbai and Bengaluru.
Vedantu: Bangalore-based edtech startup raised $5 Mn Series A round of funding from Accel Partners and Tiger Global Management. The startup plans to use the funds in creating a system where a student can choose a suitable teacher in real time.