This week Practo, one of the largest doctor search engine in Asia raised $30 Mn funding in fresh round of funding from Sequoia Capital and Matrix Partners. The investment is been regarded as one of the largest investments into digital health globally till date. During the week in total 15 startups managed to raise massive funding of more than $100 Mn. (This is based on startups that disclosed their funding amount).
Let’s have a quick recap of who-funded-whom and who-acquired-whom events in this week.
20Dresses: Mumbai-based women focussed online styling and personalisation fashion startup 20Dresses has gathered $1 Mn funding in a seed round led by a group of angel investors including Srinivas Aluri, MD at Morgan Stanley, ex-Lehman Brothers executive Srinivas Modukury and BS Nagesh, founder of Trust for Retailers.20 Dresses is an exclusive Members-Only site where users gets a personal stylist setting up a personal showroom with plans to use the raised fund for investing in technology, people and infrastructure.
Stayzilla: Stayzilla, an online hotel booking platform, has raised $20 Mn in Series B funding from Nexus and Matrix Partners.The company plans to use the fund in marketing and brand building. With currently present in 5000 towns Stayzilla plans to expand to 8000 towns by the end of this year.
Cimply Five: Cimply Five a startup founded in September 2014, received an undisclosed amount of fresh investments from Wipro veteran Suresh Senapaty and former Infosys Chief Financial Officer T V Mohandas Pai offers cloud-based solutions for compliance and finance professionals.
Mineral Tree Inc: Payment automation startup, MineralTree Inc raised $11.1 Mn in a Series B round of funding from First Data and existing investors including Fidelity Growth Partners & .406 Ventures. This round brings the company’s total funding to $22.7 Mn. The funds will be used to speed up product development and further expand its direct sales organisation targeting growing companies and financial accounting outsourcing (FAO) organisations. Boston-based MineralTree provides cloud-based payments solutions services to banks and their small and medium business customers.