Funding in Indian startups- 21st Sep to 26th Sep 2020

India has at all times been dwelling to some nice startups and enterprise in India has numerous scope than the saturated United States or different international locations. Cultural range performs a serious function in distinct skillsets and utilizing them for enterprise and progress.

 

This previous week from 21st September to 26th September 2020, virtually 12 Indian startups raised funding with a complete sum of $118 Million for 9 of such startups. The quantity of three offers and fundraises have been undisclosed by the businesses.

The largest funding was secured by ShareChat that raised roughly $40 Million alone.

 

Following are the closed offers of this week, how a lot funding was raised by which firm?

 

ShareChat: ShareChat is a vernacular social media platform that has efficiently raised $40 Million within the pre-E collection funding spherical, led by SAIF Partners and Lightspeed India.

credit: https://rb.gy/fxexu9

Servify:

Servify is an after-sale service supplier for digital devices and it has raised a funding of $23 Million within the Series E funding spherical which was led by backer Iron Pillar. They are the present traders within the firm.

 

Hopscotch:

In the collection D funding spherical, the youngsters’ vogue model raised $25 Million led by Eduardo Severin’s Lionrock Capital, EE Capital, RPG Ventures and IGL seed ventures who additionally the co-founder Facebook.

 

GenieTalk:

An Artificial Intelligence Startup firm raised $0.75 Million from Shankeshwar Technologies LLP as an angel funding. There is numerous scope of AI within the upcoming future.

 

BestDoc:

BestDoc is a SaaS-based firm that has efficiently raised $2.2 Milion within the Series A funding spherical from large traders like Arkam Ventures and Accel. BestDoc is a patent relationship administration firm.

 

I3 programs:

i3 programs is an Insurance-technology startup enterprise that of their Series A spherical raised $1.5 Million which was led by United Ventures and different current traders.

 

Melorra:

It is a web based digital Jewelry Store that has raised the funding $12.5 Million within the funding led by Symphony Asia.

 

Rephrase.ai:

$1.5 Billion have been raised by the Media Production Company, Rephrase.ai in a funding spherical led by AV8 Ventures and LightSpeed Ventures.

 

Onsitego:

Ositego is an after-sales service offered that has not too long ago efficiently raised $11 Million in its Series B funding spherical from IFC – International Financial Corporation.

 

Furthermore, three different startup firms didn’t disclose their monetary particulars and happenings on the firm.

 

  • WeInnovate Biosolutions
  • RKade
  • Precily

 

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