This week Tiger Global Management announced the raise of its tenth global fund with a corpus of $2.5 Bn. The VC firm will use this amount to invest in technology and internet companies globally. Tiger has invested around $2 Bn in 35 Indian startups altogether and invested in 18 Indian startups in last one year alone.
This week 22 startups got funded with a majority of them raising Pre-Series A round. Most of the startups have left the funding amount undisclosed this week.
Startups That Got Funded This Week:
Anakage: An “In App” product learning & user support solution provider, Anakage, raised an undisclosed amount of funding from CIO Angel Network (CAN). The startup will use the fund to expand its user base and sales in next one year.
Kaaryah: An online fashion portal for Indian women raised an undisclosed amount in Pre-Series A round from TV Mohandas Pai and The Saha Fund. The startup plans to utilise the funds in having a deeper market penetration, technology deployment, hiring talent and building a formidable women’s brand.
Roomstonite: Last-minute hotel booking app, RoomsTonite, raised $1.5 Mn in seed round funding from a clutch of angel investors including Lashit Sanghvi, Nikhil Vora, Venkat Vardhan, Mohammed Bin Abdul Rehman Al Khalifa, Ralph Berezan, Vissal Mathew and Balamurali Krishna. The funds will be used to strengthen technology infrastructure and customer service.
EasyKhana: A food delivery startup that raised $100K in its angel round of funding from a private investor. The startup will use the funds to expand its delivery regions and in strengthing its logistics setup and technology platform.