Tech Financing in India this week – Cloud service & fintech leads investment

Our weekly column summarizes the tech financing highlights in India this week.

Cloud data protection startup Druva raised the largest amount of financing funding of USD 80 million in this week’s Indian investment market. Fintech startup Capital Float came in second with USD 45 million of funding. O2O milk & grocery delivery startup Milkbasket attracted investment from Chinese investor Lenovo Capital and Incubator Group. Tech talent platform Indiez, e-commerce marketplace Instamojo and fintech startup KNAB also attracted investments this week.

Cloud data protection startup raises USD 80 million

Photo from Pixabay

Druva

Founders: Jaspreet Singh along, Milind Borate and Ramani Kothandaraman

Founded in: 2008

Financing status: USD 80 million for undisclosed round in 2017

Cloud data protection startup on Tuesday raised USD 80 million to accelerate research and development and expand globally.

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Fintech startup Capital Float raises USD 45M for Series C

Photo from Pixabay

Capital Float

Founders: Sashank Rishyasringa and Gaurav Hinduja

Founded in: 2013

Financing status: USD 45 million for Series C round in 2017

Fintech startup Capital Float on Monday raised USD 45M for Series C to expand its market, improve customer experience and launch a new set of credit products for SMEs across India.

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Online grocery startup Milkbasket attracts Chinese investor Lenovo Capital and Incubator Group

Photo from Pixabay

Milkbasket

Founders: Anant Goel, Ashish Goel, Anurag Jain, and Yatish Talvadia

Founded in: 2015

Financing status: Undisclosed amount for pre-Series A round in 2017

Gurugram-based online grocery startup Milkbasket on Tuesday raised undisclosed amount for pre-Series A expand its operations in Gurugram and recruit talents for their team.

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Tech talent platform Indiez raises USD 500K for seed round

Photo from InsideAuburnHills website

Indiez

Founders: Nitesh Agrawal, Ishan Shrivastava, Archit Kejriwal and Amrose Birani

Founded in: 2016

Financing status: USD 500,000 for seed round in 2017

Tech talent platform Indiez on Wednesday raised USD 500K for seed round to strengthen their technology and expand into the U.S. market.

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E-commerce startup Instamojo raises undisclosed amount for pre-Series B

Photo from Pixabay

Instamojo

Founders: Sampad Swain, Aditya Sengupta, Akash Gehani and Harshad Sharma

Founded in: 2012

Financing status: Undisclosed amount for pre-Series B round in 2017

E-commerce startup Instamojo last Friday raised undisclosed amount for pre-Series B last week to expand its offerings and leadership team, introduce financial services and other services that will help businesses enter and succeed in the e-commerce space, and leverage big data to help their clients.

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Digital lender KNAB raises around USD 420K

Photo from Pixabay

KNAB

Founders: Madeep Chaudhary, Thomas Verghese and Vineet Gupta

Founded in: 2015

Financing status: Around USD 420K in two separate funding rounds in 2017

Digital-lender to SMEs, KNAB last Thursday raised around USD 420K last week.

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(Top photo from Flickr)

AllTechAsia Staff

AllTechAsia is a startup media platform dedicated to providing the hottest news, data service and analysis on the tech and startup scene of Asian markets in English.

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AllTechAsia is a startup media platform dedicated to providing the hottest news, data service and analysis on the tech and startup scene of Asian markets in English. Contact us: info@alltechasia.com


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