SUMMARY
Bijak has raised $12 Mn in Series A funding round from existing and new investors
Facebook has become the biggest minority stakeholder in Reliance Jio
Orbo.ai has acquired US-based research startup Gemia
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Funding Galore
Every week, more than a dozen startup secure funding and many get acquired. In this weekly series, we bring the latest deals from the Indian startup ecosystem consolidated at a single page.
We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!
In one of the biggest funding round this week, Gurugram-based B2B agritech platform Bijak has raised $12 Mn in Series A funding round from existing and new investors. This funding would help the company scale its technology team and roll-out new features.
Overall, 15 startups raised around $51 Mn funding and two startup acquisition took place in the Indian startup ecosystem this week. (This funding report is based on startups that disclosed funding amount.)
Indian Startup Funding Of The Week
- Bijak: $12 Mn
- Bugworks Research: $7.5 Mn
- Vedantu: $6.8 Mn
- Dailyhunt: $5 Mn
- Indusface: $5 Mn
- YAP: $4.5 Mn
- QuillBot: $4 Mn
- Box8: $3.9 Mn
- LoadShare: $2 Mn
- UzhavarBumi: $200K
- Finaureus Technologies: Undisclosed
- CredR: Undisclosed
- DrinkPrime: Undisclosed
- Pariksha: Undisclosed
- SoME: Undisclosed
- Bugworks Research
- Vedantu
- Indusface
- Dailyhunt
- YAP
- QuillBot
- Box8
- LoadShare
- UzhavarBumi
- Finaureus Technologies
- DrinkPrime
- CredR
- Pariksha
- SoME
Bengaluru-based edtech startup School of Meaningful Experiences (SoME) has raised an undisclosed amount in an angel funding round led by Uday Singh, former Group CEO of SIS Group Enterprise. These funds will help SoME’s operational expansion and in the recruitment of more professionals.
Indian Startup Acquisition Of The Week
- Mumbai-based facial technology and computer vision startup Orbo.ai has acquired US-based research startup Gemia for an undisclosed amount. Before the acquisition, Gemia was part of Arvi Inc, an artificial intelligence (AI) research company. As part of the deal, Orbo.ai will continue to offer products and services provided by Gemia on a subscription basis. At the same time, Orbo.ai will also leverage Gemia’s photo enhancement software to enhance its product suite.
- Bengaluru-based fruits and vegetable delivery startup FreshWorld has acquihired Bengaluru-based meat delivery startup Royale Fresh in all equity deal. As part of the deal, Royale Fresh will continue to operate as a separate entity. Bengaluru-based fruits and vegetable delivery startup FreshWorld has acquihired Bengaluru-based meat delivery startup Royale Fresh in all equity deal. As part of the deal, Royale Fresh will continue to operate as a separate entity.
Other Developments Of The Week
- After acquiring DailyNinja last month, online grocery delivery major BigBasket has infused INR 2.67 Cr in the online milk delivery startup.
- Delhi-based financial services company DMI Group has raised $123 Mn in equity funding through its parent company DMI Limited.
- In partnership with the Confederation of All India Traders (CAIT), India’s department for promotion of industry and internal trade (DPIIT) has launched a challenge for startups to find a potential way to digitise the departmental retail stores and their supply chain.
- Global tech giant Facebook has become the biggest minority stakeholder in Reliance Jio with an investment of $5.7 Bn (INR 43,574).
- Singapore-based subsidiaries of Walmart-owned ecommerce major Flipkart has infused INR 466 Cr in Flipkart Internet, the arm which manages ecommerce operations of the company.
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