Silicon-Valley-based venture capital firm, Lightspeed Venture Partners, raised $135 Mn (INR 865 Cr) for its maiden India fund. This new fund will be advised by Lightspeed India Partners Advisors, managing directors Bejul Somaia and Dev Khare.
This week 20 startups raised more than $122 Mn in funding altogether. (Calculations are based on startups that disclosed their funding amount.)
Let’s have a look at the startups that got funded this week
VanityCube: Delhi-based on-demand marketplace for beauty services, VanityCube, raised seed funding from a group of angel investors. The funds will be deployed in expanding company’s technical capabilities, marketing and expansion into other cities.
OneAssist: Mumbai-based startup that offers credit card and smartphone protection in case of loss or theft, OneAssist, raised about $7.72 Mn (INR 50 Cr) in Series B round of funding from insurance services provider Assurant Inc., Sequoia Capital India and Lightspeed Venture Partners. The company will use the funds in team expansion and targeting debit and credit card holders and smartphone users in India.
SHEROES: Delhi-based jobs and career community for women, SHEROES, raised $770k (INR 5 Cr) in an angel round of funding led by Quintillion Media and 500 Startups. The raised capital will be used in improving the quality of product and scaling the community.