Online real estate portal, which is reportedly valued at around $347 Mn (INR 2260 Cr.), Housing.com, is set to raise $35 Mn in a new round of funding to be led by Japan’s Softbank. The startup plans to use the funds in revenue generating areas like advertisement-based business and increase its base in other cities.
This week 12 startups raised $55 Mn in funding altogether. (The funding amount is based on the startups that disclosed their funding amounts).
Let’s Have A Look At The Startups That Raised Funds This Week
Attune Technologies: Health tech startup Attune Technologies raised $10 Mn (INR 64 Cr) in Series B round of funding from Qualcomm Ventures and Norwest Venture Partners. The company plans to use the raised capital in expanding its operations in India and accelerate its growth into international markets like Africa, West Asia and South-East Asia.
Opinio: B2B hyperlocal delivery startup, Opinio, secured $7 Mn in its Series A funding from logistics company, Delhivery, Sands Capital and Accel Partners. The company will use the funds for expanding to newer cities. Also, Delhivery’s Founder and CEO, Sahil Barua will join Opinio board.
Primaseller: A SaaS-based order fulfilment platform, Primaseller, raised an undisclosed amount of funding from existing investors, Dr. Aniruddha Malpani, Manish Gupta, Singapore-based M&S Partners and a group of angels led by Ananda Kallugadde to expand its team, experiment with multiple growth levers and evaluate the best way to win the fast growing SME space in Indian retail. The company also roped in Raghunandan G, co-founder and CEO of TaxiForSure on its Board of Advisors.
Cube26: A gesture technology startup, Cube26, raised over $7.7 Mn (INR 50 Cr.) in seed round of funding led by Tiger Global and Flipkart. The startup will use 85% of the funding for technical upgradation and R&D, foray into new areas such as Iota, B2C products and more B2B tie-ups.