This week 23 startups raised more than $42 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
CityFlo: On-demand bus aggregator startup, CityFlo, raised $750K (about INR 4.8 Cr) in a funding led by IDG Ventures. The team is mentored by Housing.com’s co-founder Advitiya Sharma. The raised funds will be utilised to penetrate bus routes in Mumbai and then expand to other cities.
Twigly: Kitchen on cloud-business, Twigly, raised $200K in its angel round funding from Amit Gupta, Sahil Barua, Mukul Singhal, TracxnLabs and Deepak Singh. The startup will use the funds to expand its presence in Delhi. Further, it also plans to tie-up with third-party hyperlocal delivery companies such as Opinio in the future.
Fortigo: Yet to be launched startup, Fortigo, has reportedly raised close to $2 Mn in seed funding from Nandan Nilekani. The startup aims to improve the quality of transportation services in businesses.
MyIndianStay: Online homestay accommodation listing platform, MyIndianStay, raised $200K in angel round of funding led by institutional investors. The funds raised will help the startup to expand its presence and develop its technology further.
BookMyBai: Domestic help aggregator, BookMyBai.com, raised over $150K (INR 1 Cr) from 50K Ventures and a group of angel investors led by Vineel Nalla, in its first angel round of funding. The raised funds will be used to expand into more geographies by the end of next financial year.