Past week, number of startups raised huge amount of money, the amount of funding has been left undisclosed by many but the usage of the money is disclosed, most of them will use it to grow business and to expand their product line. Let us have a look who made it big this week:
WeAreHolidays –The startup raised undisclosed funding from Matrix Partners and Existing Investors Blume and GSF Superangel Investors. It is a holiday planning startup. The new round of funding will be used by the startup to grow its business and deepen its technology and analytics expertise.
Indus Insights – Unilazer Ventures along with Patni scion Arihant’s investment arm Hive India invested undisclosed amount in this data analytics startup. The startup plans to infuse funds in hiring more data scientists and further in sales and marketing activities.
Related Article: Funding Galore: Startup Fundings Of The week [11 July – 16 July]
Tydy – This Cloud based mobile content & communication delivery platform raised $138k in angel funding on online platform LetsVenture. The round was led by Hareesh Ramana, MD of BORQS Software, Nikhil Ramanlal, director of Atandra and a YEO member, Bhupen Shah, an active angel investor and entrepreneur from Silicon Valley and a few others.
Druva –It raised $25 Mn In series D from Sequoia, Nexus and Tenaya Capital. It is a cloud backup, data protection and governance tool. The funding raised will be used for R&D for new in Sync enhancements, diversification of the Druva product portfolio, and further expansion into global markets.
HelpingDoc – The startup raised INR 10 Cr in Series-A funding round from Senior Marketing Systems (SMS), Singapore. It is a platform that covers healthcar providers’ patients. The raised funds will be used by the company for strengthening the field force, expanding beyond Delhi-NCR and enhancing technology.
MoveInSync – It raised funding from Inventus Capital Partners, Qualcomm Ventures and Saama Capital. It is an Employee Transportation Solution (ETS) provides an end-to-end solution for employee transportatioin.
Frilp – It raised $500,000 (about INR 3 Cr) from Girish Mathrubootham, co-founder and CEO of Freshdesk Inc. Turing Research Labs Pvt Ltd, the company behind Frilp, an online platform that helps users discover a shop or service through their friends and people they trust in the real world. It will use the money to scale its team and expand its presence into multiple cities, in addition to growing its user base.
AntFarm – It raised undisclosed amount in Series-A funding from Bay Capital and Hausela Capital. It is a digital innovation company. The funds will be used to grow the current portfolio, grow upcoming businesses in the travel space and to build new early stage ventures in the fitness, hyper-local and mobile categories.
Apart from these, Exfinity Fund also raised additional INR 25 Cr from the investors including CXOs, reputed industrialists, family offices, professionals and ultrahigh net worth individuals. It is a technology focused fund which had earlier raised INR 100Cr.