We bring to you the latest edition of Funding Galore: Indian Startup Funding of the week.
Two of the biggest funding in the Indian startup ecosystem this week was raised IndiaLends and Headout, both raising $10 Mn.
Further, the Chinese venture capital firm Ganesh Ventures announced its entry into India with plans to invest $250 Mn in Indian startups. The venture capital firm is seeking to build a strong network of Indian entrepreneurs and Chinese investors and entrepreneurs. The firm aims to invest this amount in Indian startups across sectors like TMT, consumer products, fintech, and healthtech over the next three to five years.
This week 15 startups raised around $32.7 Mn in funding altogether and four startup acquisitions took place in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed funding amount.)
Indian Startup Funding Of The Week
SynThera Biomedical – Pune-based healthcare startup, SynThera Biomedical raised an undisclosed amount of Seed funding from an equity crowdfunding platform 1Crowd and the Biotechnology Industry Research Council (BIRAC) seed scheme. The funding will be used for the expansion and launch of their first line of bone graft substitute products in the market.
Survaider– Bengaluru-based SaaS-based customer experience management platform Survaider raised an undisclosed amount of money from Rajesh Dembla, an investor for Justdial and Dunzo. The startup plans to scale to $1Mn ARR along with adding more geographies internationally.