Funding Galore: A Look At Startups That Raised Funding This Week

The passing week went pretty interesting for the Indian ecommerce segment, as apart from ecommerce ventures raising funds, two ecommerce logistics companies also grabbed funding. With this, Blume Ventures also disclosed its investments in 4 startupsin which it had deployed funds in the past quarter.

Have a look at the startups that raised funding this week:

Delhivery: Delhi based ecommerce logistics firm Delhivery raised $35 Mn in Series C round of funding by Multiples Alternate Asset Management. Its existing investors, Times Internet and Nexus Venture Partners also participated in the round. Delhivery had raised $ 5 Mn from Nexus Venture Partners in a series B funding round in 2013.

Ecom Express: It raised over INR 1oo Cr in funding led by private equity firm Peepul Capital. Ecom Express was started by TA Krishnan, Ex – SVP (North) & All India Head Ecommerce, for Bluedart along with two of its ex-colleagues Sanjeev Saxena and K Satyanarayan.

IndianRoots:  NDTV Ethnic Retail Ltd which owns and runs ethnic wear ecommerce business IndianRoots raised $ 5 Mn in the Series B round of funding from Astro Malaysia.

Fareye: Delhi based venture, Fareye raised funding from Indian Angel Network. Fareye is a mobile enabled solution for field workforce management.

Lybrate: Lybrate, a Delhi based healthcare startup, received $ 1.23 Mn from Nexus Venture Partners. Ex-Facebook data scientist Saurabh Arora founded the startup. It is also backed by a prominent venture capitalist from Silicon Valley, Vispi Daver and an active startup investor and technologist, Gokul Rajaram.

BigBasket: BigBasket has raised over INR 200 Cr. in funding led by Helion Ventures and Zodius Capital. It is now valued over INR 1,000 Cr. Singapore based fund, Ascent Capital and LionRock capital by former Goldman Sachs banker Hari Kumar, also participated in the funding.

PrettySecrets: MTC Ecom Pvt Ltd which owns and operates the online lingerie shop PrettySecrets,  raised $ 2Mn in Series A round from Orios Venture Partners, a VC fund run by angel investor Rehan Yar Khan. Indian Angel Network (IAN) and early-stage investor India Quotient also participated in the funding of the Mumbai based company.

Phantom Hands: This Bangalore based startup hasraised undisclosed amount in funding from four individuals, including Rajan Anandan, head of Google India, and Ravi Shah, director of Mumbai-based design firm Mind’s Eye Creative. The raised funding will be used for expanding to new geographies and add more categories, according to the report.

Healthians.com: It raised undisclosed amount in seed funding from a healthcare-focused startup accelerator. Healthians is an online marketplace for preventive health checkups.

Apart from this there is another good news for the startups working in travel-related technology as MakeMyTrip has launched $15 Mn Innovation Fund to invest in travel tech startups. Adding to this, Snapdeal’s promoter Jasper had also announced that it will be incubating mobile focused startups in the country.

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