Funding in Indian startups this week (15th June-20th June 2020)
This week 18 Indian startups raised funding, of which 8 received a total sum of about $36 million. Among them, Pushp raised the highest funding of about $16.4 million followed by Milk Mantra, which raised $10 million.
Meanwhile, funding for 10 of the total funded startups remained undisclosed.
Below is the summary of deals closed this week
MaxWholesale: B2B e-commerce platform for Kirana stores, MaxWholesale, has raised $0.58 million from existing investors Al Falaj Commercial Investment and Indian Angel Network Fund.
Edvizo: Bengaluru-based edtech startup Edvizo has raised $0.15 million in a seed funding round from Inflection Point Ventures.
Fingerlix: Ready to cook food brand Fingerlix has raised about $0.52 million from Singapore based Horizon Techno PTE.
Milk Mantra: Dairy foods startup, Milk Mantra, has raised $10 million from US International Development Finance Corporation (DFC).
Pushp: Venture capital firm A91 Partners has invested $16.4 million in spice brands Pushp.
MedikaBazaar: B2B healthtech marketplace MedikaBazaar has raised $3.35 million from Antwerp-based Ackermans & van Haaren.
LetsTransport: Intra-city trucking logistics startup, LetsTransport, has raised $1.3 million in debt from Stride Ventures.
Jai Kisan: Mumbai-based fintech platform, Jai Kisan, has raised $3.9 million in funding from Arkam Ventures with participation of a fund backed by NABARD.
Undisclosed deals this week
Lattu Kids, Gabbardeals, Peppermint, Agro2o, GoMechanic, DROR, GoldenPi, Sarva, Crimson, and SEMSI did not disclose their financial details.
*Every week we track startups that have raised fresh investment. Stay tuned for next week roundup
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