We bring to you the new edition Funding Galore: Indian Startup Funding of the week. This week 20 Indian startups raised $98 Mn in funding altogether and five startup acquisitions took place in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed their funding amounts).
Goomo and Riversand Technologies raised the highest amount of funding in the Indian startup ecosystem.
US-based venture capitalist Sequoia Capital raised $4 Bn funding, as per the latest SEC filings. The recently raised funds will be used for infusing capital into various funds. Apart from this, the filings also revealed that the second growth fund – Sequoia Capital Global Growth Fund II, L.P. has received about $2 Bn.
Indian Startup Fundings Of The Week
Stratfit: Indian startup Bodhtree Consulting Limited (BCL) invested $232K (INR 1.5 Cr) in Stratfit Technologies Pvt. Ltd – a New York-based fitness technology platform via FundPitch funding platform. The investment is done through convertible debentures at a valuation of $12.4 Mn (INR 80 Cr). With the raised funds, Stratfit plans to extend its presence in the US and other international markets.
Riversand Technologies: Master data management company Riversand Technologies raised $35 Mn Series A funding led by Crestline Investors. The company will use the recently raised funding to accelerate global expansion and, for further investment, in its disruptive MDM 2.0 (Master Data Management) platform. Apart from this, the funding will be utilised for strengthening its core verticals
Growfitter: Mumbai-based health and fitness discovery platform Growfitter raised $600K in a Pre-Series A round of funding from San Francisco-based VC SQue Capital. With this round, Karan Chellani, Partner SQue Capital will join the Board of the company and Mukesh Makhija, the Managing Partner of Grace Capital Venture, will join Growfitter as an Advisor. The Indian startup will deploy the raised funds towards enhancing its technology infrastructure.