Important Indian Startup Funding Of This Week

Zivame: Bengaluru-based online lingerie retailer Zivame raised equity funding from existing investors Zodius Capital and Avendus Capital. 

ZoomCar India: Bengaluru-based self-driving car platform Zoomcar India received INR 14.14 Cr ($1.9 Mn) equity infusion from US-based parent, Zoomcar Inc. 

Generico: Pharmacy chain Generico has secured an $11 Mn of funding from Lightbox Ventures, today, as a part of their series A funding. 

SpaceJoy: United States and Bengaluru-based home decor startup Spacejoy raised $1 Mn seed round from Accel Partners. The company will use this funding to grow its services and reach in the global market.

Wow! Momo: Quick service restaurant chain Wow! Momo Foods raised $23 Mn in a Series B funding round from US-based investor Tiger Global.  With this investment, the restaurant chain is estimated to be valued at $120 Mn.  

PlusPin: Hyderabad-based healthtech startup PlusPin raised INR 5.25 Cr ($733.68K) in a fresh funding round led by Indian Angel Network (IAN). 

NestAway: Bengaluru-based home rental startup NestAway raised INR 34.92 Cr ($5 Mn) from existing investor Goldman Sachs. The company claims to be clocking over $2 Mn in revenue every month. The company plans to enter the women’s housing and senior living management over the next 12 months.

Hello World: Home rental startup Nestaway invested $10 Mn towards its co-living and student living entity, Hello World. 

Aye Finance: Gurugram-based digital lending company Aye Finance raised INR 80 Cr ($11.2 Mn) in debt funding from an undisclosed investor. The company plans to use the funds to further grow its lending portfolio.

Cred: Kunal Shah’s credit card rewards app Cred raised $9.5 Mn (INR 68.87 Cr) in Series B funding round from US-based venture capital fund General Catalyst. 

BYJU’S: Bengaluru-based edtech company BYJU’S issued fresh set of warrants to Bennett, Coleman and Co. Ltd (BCCL) worth INR 3.9 Cr.  

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