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
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.
Fintech startup Capital Float raises USD 45M for Series C
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.
Online grocery startup Milkbasket attracts Chinese investor Lenovo Capital and Incubator Group
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.
Tech talent platform Indiez raises USD 500K for seed round
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.
E-commerce startup Instamojo raises undisclosed amount for pre-Series B
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.
Digital lender KNAB raises around USD 420K
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.
(Top photo from Flickr)
