Flipkart is planning to raise about $1 Bn in next few months to expand its business. The new round is expected to be a down round. On the other side, Ahmedabad-based Infibeam is likely to raise INR 450 Cr via IPO for which it has fixed the price band at INR 360-432 per equity share for the IPO.
This week 16 startups raised about $19 Mn in funding altogether (the funding amount is based on the startups that disclosed their funding amounts).
Startup That Raised Funding This Week
Jolly Food Fellow: FoodTech startup Jolly Food Fellow raised an undisclosed amount in Pre-Series A round of funding led by angel investor Janak Parikh, MD of Malibu Group. The raised capital will be used for market expansion and development of analytics platform.
PinkBlue: Clinical supplies provider PinkBlue.in raised about $156K (INR 1.5 Cr) in a seed round funding from TermSheet.io. A group of angel investors including Ajay Modani, Dr V Ravinder, Anirudh Rastogi, Abhishek Jain, Rakesh Gakhar, Rajeev Mudumba, Nagendra Prasad Bhanuprakash, and ShashiKant Singh. The startup will use the raised capital to ramp up technology development, focus on customer experience, improve operational capabilities, and for hiring.
Flipclass: EdTech startup that helps parents to find tutors for their wards, Flipclass, raised $1 Mn in funding from S. Chand & Co. Pvt. Ltd and Blume Ventures. The company claims to have an active database of 4,000 students and 10,000 tutors and has delivered over 200,000 hours of home and online tuitions.