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.
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.
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.
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 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 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.
It is a web based digital Jewelry Store that has raised the funding $12.5 Million within the funding led by Symphony Asia.
$1.5 Billion have been raised by the Media Production Company, Rephrase.ai in a funding spherical led by AV8 Ventures and LightSpeed Ventures.
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.
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