This week 12 startups raised more than $12 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
Octathorpe: The Chennai Angels (TCA) invested an undisclosed amount in Hyderabad-based Octathorpe Web-Consultants Pvt. Ltd., known for its flagship product, Hitwicket, a Cricket management game. The startup is in the process of generating funds through app purchases.
6Degree: Tech platform for fashion community, 6Degree, raised an undisclosed amount in seed funding from Centre For Incubation & Business Acceleration (CIBA), Goa. According to the founding members, CIBA has initiated the funding with an overall target of $1 Mn which is likely to be closed in the next few months.
Delight Foods: Ecommerce platform for branded food products, Delight Foods, raised about $600K (INR 4 Cr.) in its second round of funding from an HNI family office represented by LN Sadani of Lensbridge Capital in Singapore and existing investors Mape Advisory Group and Fireside Ventures. The company will utilise the funding to invest in marketing and brand building activities, increase product categories, improve infrastructure at the packing centers and strengthen the team at all levels.
Gingercrush: A licensed product customisation platform startup, Gingercrush, raised an undisclosed amount in funding from TV Mohandas Pai’s family office. With this, Pai will mentor the founding team and senior management to strengthen the organisational leadership and set the company up for strong and responsible growth.
Chef’s Basket: Ready-to-cook food startup, Chef’s Basket, raised $6 Mn (about INR 40 Cr.) in series A round of funding from SAIF Partners and Haresh Chawla. With the raised funds, the startup plans to expand its range of products and add new distribution channels.