This week, Indian music streaming company Saavn announced that it has raised $100Mn in Series C round of funding which was led by Tiger Global Management with existing investors Bertelsmann India Investments, Steadview Capital, Liberty Media, and Mousse Partners also participating in the round. The week was full of funding and acquisition activities.
This week 15 startups raised around $200 Mn in funding altogether. (Calculations are based on startups that disclosed their funding amount.)
Lets have a look at the startups that got funded this week.
Lendingkart: Ahmedabad-based online financing company raised $10 Mn (about INR 63 Cr) from Saama Capital, Mayfield Fund, Ashvin Chadha and Shailesh Mehta. The company will use the funds to increase loan disbursement, build a team for ecommerce lending & analytics and to expand its operations.
Axtria: Big data analytics startup raised $30 Mn in series C funding led by Helion Venture Partners. Other investors included Silicon Valley venture capitalist ‘Desh’ Deshpande and existing investors Amar Sawhney, Rick Braddock and Fred Khosravi. The funds will be deployed to hire staff, build sales force, increase marketing, develop products and expand markets including new verticals and geographies.