Our weekly column summarizes the tech financing highlights in India this week.
Fintech startup HighRadius raised the largest amount of investment with USD 50 million in this week’s Indian tech news. VR gaming & entertainment center Smaaash came to the second with the fundraising amount of USD 44 million. B2B e-commerce platform Power2SME raised an additional investment of USD 26 million. And more…
Fintech startup HighRadius raises USD 50 M
HighRadius raises USD 50 M
HighRadius
Founder: Sashi Narahari
Founded in: 2006
Financing status: USD 50 million for undisclosed round in 2017
Fintech startup HighRadius last Saturday raised USD 50 million to fuel its growth and speed up its global expansion, including Americas, Europe and Asia.
VR gaming & entertainment center Smaaash lands USD 44 M for Series E
Smaaash
Founder: Shripal Morakhia
Founded in: 2012
Financing status: USD 44 million for Series E round in 2017
VR gaming & entertainment center Smaaash last Thursday landed USD 44 M for Series E to accelerate its overseas expansion, like in the Middle East.
B2B e-commerce platform Power2SME raises USD 26 M for Series E
Founder: R. Narayan
Founded in: 2012
Financing status: USD 26 million for Series E round in 2017
B2B e-commerce platform Power2SME on Tuesday raised USD 26 million for Series E to accelerate expansion, boost product growth and fuel innovation. Also, it will use the investment for additional sales and marketing resources, and keep evaluating strategic acquisition opportunities.
Online motorbike rental startup Wheelstreet attracts USD 120K from Y Combinator
Wheelstreet
Founders: Moksha Shrivastava, Pranay Shirvastava
Founded in: 2014
Financing status: USD 120,000 for seed round in 2017
Online motorbike rental startup Wheelstreet last Thursday attracted USD 120K from Y Combinator to expand to more Indian cities, and selected South Asian countries.
Academic writing SaaS startup Typeset raises USD 850K for pre-Series A
Typeset
Founders: Saikiran Chandha, Shanu Kumar
Founded in: 2015
Financing status: USD 850K for pre-Series A round in 2017
Academic writing SaaS startup Typset on Tuesday raised USD 850K for pre-Series A to utilized towards expanding the platform features across the research communication workflow.
Mother & baby-care startup The Moms Co. raises USD 1 M for Series A
The Moms Co.
Founder: Malika Sadani, Mohit Sadaani
Founded in: 2016
Financing status: USD 1 million for Series A round in 2017
Mother & baby-care startup The Moms Co. raises USD 1 M for Series A to develop offline across big cities (metros) and a few tier-II towns on an experimental basis (make a trial in).
(Top photo from Pixabay)
