Joining the league of venture capital firms raising funds to invest in startups, this week, Bangalore-based VC firm Kalaari Capital announced that it has raised $290 Mn India-centric fund. The fund was raised from the same set of institutional investors, who helped Kalaari raise its earlier funds. Besides, the firm has also been aggressively strengthening its advisory team.
Meanwhile, Japan’s Beenos Group announced an investment of $5 Mn into newly launched $60 Mn fund, BEENEXT, to invest in early stage startups across India, Southeast Asia, Japan and the US. The fund aims to back hand-picked entrepreneurs with capital, operational expertise and access to a global network.
Another VC firm, Sequoia Capital India, is in plans to raise about $800 Mn for its fifth India-centric fund. The $800 Mn fund would increase the firm’s asset under-management close to $3 Bn.
This week 15 startups raised about $90 Mn funding altogether. (The funding amount is based on the startups that disclosed their funding amounts).
Let’s have a look at the startups that raised funds this week:
FitMeIn: GHV Accelerator onboarded its fifth startup in the accelerator program. FitMeIn is an online platform that offers monthly multi-studio membership to premium fitness workout destinations in Delhi/NCR. The startup also grabbed seed funding of $100K from GHV.
OnlineTyari: The multilingual test preparation app OnlineTyari secured $753K (INR 5 Cr.) in an angel round of funding from 500 Startups, Tandem Capital, TV Mohandas Pai, Vikram Chachra and Aloke Bajpai. The startup plans to use the funds to strengthen its technology and expansion.