Matrix Partners India

The company said funds will be used to scale up across the country

Existing investor Orios Venture Partners participated in this round

Country Delight delivers unadulterated milk on a subscription basis

Matrix Partners India invested an undisclosed amount in Awaaz

Matrix Partners is also an investor in Dailyhunt

In January, Matrix Partners India raised a new fund of $300 Mn

This week 23 startups raised $599.73 Mn in the Indian startup ecosystem

Two startup acquisitions took place in the Indian startup ecosystem

SoftBank is set to invest $400 Mn in Firstcry

Zoomtail is a fashion ecommerce platform for small and medium-sized enterprises

The fresh funds will be used to expand the team and build a technology platform for retailers

Matrix Partners India had raised its third fund of over $300 Mn this month

Kalaari, Stellaris, Matrix and Pawan Munjal participated in the round

The company had earlier signed a strategic investment of $100 Mn from Ola

Ola plans to bring Vogo’s services onto its platform

"This is an exciting time to be an entrepreneur in India," said Avnish Bajaj, founder, Matrix Partner India

Bajaj believes sectors such as e-commerce and other marketplaces are under-invested and fintech has been over-invested

Matrix is aiming to expand its current investment team

The round was led by Matrix Partners India

Housejoy’s founders had quit this year

Existing investor Amazon did not participate in this round

Plans to use the fresh funds for expanding global presence

MoEngage analyses micro-moments in real time to engage users

To roll out its integrated marketing technology stack for enterprise clients

Existing investors Sequoia India and Saama Capital also participated in this round

DailyNinja plans to use the funds to expand its services in other cities

Earlier, in June, the startup raised $3 Mn

&ME will use the funds for R&D in Ayurveda to come up with products that address women's health problems

The startup is also looking to expand its reach beyond Bengaluru

It plans to spread awareness among women on self-care through nutrition and Ayurveda as well

• Creation Investments and Falcon Edge were the lead investors in the fundraise
• Existing investors Matrix Partners India and Zodius Capital also participated
• OfBusiness will use the funding to source funds from banks and other NBFCs for onward lending

With This Deal, Events High Investor Axilor Ventures Will Acquire An Undisclosed Stake In Treebo