Indian Startup Funding This Week [6-11 April]-2020

This week overall 11 startups have raised funding , in which Bigbasket and Rebel Foods has raised the highest amount of funding i.e $50 million.

Indian Startup Funding Of The Week

1) BigBasket:

BigBasket online food and grocery store in India with over 18,000 products online has raised $50 million form Alibaba  to bring supply chain on track as company has witnessed huge demand during coronavirus lockdown

2) Rebel Foods:

Rebel Foods cloud kitchen restaurant company, with over 1500+ restaurants serving across 16 cities via online food delivery has raised $50 million from US hedge fund Coatue Management company operates with brands such as Behrouz Biriyani,Faasos, Oven Story, Firangi Bake and Mandarin Oak

3) Swiggy:

Bengaluru-based swiggy online food ordering and delivery platform has raised $43 million from existing, new investors

4) Aye Finance:

Aye Finance a finance company that provides business loans to micro and small businesses has raised $23.8 million in Debt Funding from Major Local and International Investors

5)  DeHaat:

DeHaat a mobile based technology which connects small farmers to their 360 degree of agricultural requirement seed to market has raised $12 million Series a investment under the leadership of Sequoia Capital

6) Vedantu :

Vedantu online tutoring platform where teachers provide school tuitions to students over the internet, using a real-time virtual learning environment has raised  $12.56 million from the Chinese venture firm Legend Capital

7) Zupee:

Zupee online gaming company has raised $8 million Series A funding led by Matrix Partners

8) Lido Learning:

Online tutorial platform Lido which provide provides online tutorials for maths and science in small batches six students per teacher for classes 5-9 in India’s ICSE and CBSE syllabus has raised  $7.5 million from Alibaba-backed BAce Capital.

9) Zomato:

Zomato Indian restaurant aggregator and food delivery start up has raised $5M from Baillie Gifford affiliate fund

10) Capital Float:

Capital Float digital lending service provide which uses technology and big data analytics to deliver innovative credit products to businesses and individuals across the country has raised $4.8 million existing investors Amazon Inc and Dinesh J Hinduja.

11 ) BankBazaar:

Bankbazaar online financial product comparison platform which allows users to apply for various financial products and solutions such as Loans, Credit Cards has raised $3.8 million from Amazon and Walden SKT Venture Fund.

Note: “Every week we track the startup which raised fresh round of investment , check our website for next week funding round”