Its raining money for the Indian companies. Last week more than 20 startups disclosed about their funding. This week too, large number of startups disclosed their funding. From hyperlocal delivery to healthcare to ecommerce, startups in different categories got funded.
There are reports that Alibaba had made a $500 Mn investment in the ecommerce biggie, Snapdeal with Foxconn and Softbank also participating in the round. Snapdeal had a gross merchandise value (GMV) of $2 Bn at the end of 2014 and is aiming for $10 Bn in GMV by the end of this year.
This week 23 startups raised about $745 Mn in funding altogether. (Calculations are based on startups that disclosed their funding amount.)
WizRocket: The in-app solution startup that offers an evolved customer experience, WizRocket raised $8 Mn from Sequoia Capital and Accel Partners to grow its prescriptive mobile ad platform. The platform is used by ecommerce, mcommerce, event ticketing, travel, crowd funding, classifieds and other diverse businesses.
JustRide: Mumbai-based car rental startup, JustRide, raised an undisclosed amount in angel funding from Alok Mittal, Zishaan Hayath, Niraj Singh, Nikunj Jain, Punit K Goyal, Anirudh Damani, Rohit Chokhani, Parag Shah and Palaash Venture. The funds will be used for expanding to other major cities by the end of this year.
Cue Learn: The Delhi-based edutech startup raised an undisclosed amount from former Managing Director of Canaan Partners, Alok Mittal. The startup plans to expand operations across India with an aim to reach 1,000 teachers within an year.