SoftBank Corp along with Tiger Global and Sequoia Capital, invested about $120 Mn (INR 780 Cr) in on-demand hyperlocal delivery startup, Grofers, marking its fifth investment in an Indian startup. Besides, Apoletto Managers, a personal fund managed by DST Global’s partners, also participated in this round.
This week 23 startups secured more than $75 Mn in funding altogether. (The funding amount is based on the startups that disclosed their funding amounts).
Startups that got funded this week:
Pluss: Hyperlocal delivery startup for healthcare and wellness, Pluss, raised $1 Mn in Pre-Series A round, led by IDG Ventures India, M & S partners (Singapore) and Powerhouse Ventures (USA). The raised funds will be utilised for expansion in five cities, technology upgradation and developing marketing strategies.
EarlySalary: Fintech startup EarlySalary.com raised $1.5 Mn in seed round of funding from Ashok Agarwal of Transcorp Group. The startup will use the proceeds in building a mobile app-based lending platform with which it plans to revolutionise the lending space in the country.
Medikoe: Online hyperlocal healthcare-services discovery provider, Medikoe, raised $100K in an angel round from Anil Menon, CEO of CMS Computers Ltd. The startup plans to use the funds for its expansion in Mumbai and NCR region by end of 2015. It also has plans to get into 20 more cities by the first quarter of 2016.
GOQii: Wearable tech startup, GOQii, raised about $13.4 Mn (INR 88 Cr) in Series A round led by New Enterprise Associates (NEA) and China-based Cheetah Mobile. The startup plans to expand its markets in China.