[Weekly Funding Roundup] Venture funding continues to rise in the startup ecosystem

The first week of June has been promising for the Indian startup ecosystem as venture funding continues to rise. 

The total venture funding during the week was at $638 million, up by 58 percent since the previous week. The major share of this funding was raised by two unicorns – Delhivery and Urban Company. 

25 startups received funding during the week, but 23 such deals were for early-stage transactions. Debt funding made a debut this week with a single deal.

Two startups – Dockabl and Gympik were acquired by a consultancy firm and a global company showing a healthy desire for mergers and acquisitions in the Indian startup ecosystem.

Logistics startup Delhivery raised $275 million in Series H round led by Fidelity Management and Research Company. 

Urban Company raised $255 million in a Series F round led by Prosus Ventures, Dragoneer, and Wellington Management along with participation from existing investors.

Mensa Brands raised $50 million in a Series A round led by Accel Partners, Falcon Edge Capital, Norwest Venture Partners, and angel investors. 

Rural fintech startup Jai Kisan raised a $30 million Series A round led by Mirae Assets with participation from existing investors. 

Insure-tech startup Plum raised $15.6 million in Series A funding led by Tiger Global, with participation from existing investors.

Good Health Clinic raised $5.2 million from Khosla Ventures, Quiet Capital, W Health Ventures, and Weekend Fund. 

Edtech startup, Crejo.Fun, raised $3 million in seed funding led by Matrix Partners India, 021 Capital, and a host of angel investors. 

MYBYK has raised $1 million in pre-Series A funding from Avon Cycles and angel investors. 

Healthtech startup Breathe Well-being raised $1 million in pre-Series A round led by 3one4 Capital and angel investors. 

Edtech startup Avishkaar raised Rs 5 crore funding in pre-Series A round with participation from multiple angel investors. 

Edtech startup Bambinos.live raised $500,000 in a seed round from HNIs and angel investors. 

Spardha, a digital platform for learning music and performing arts, raised Rs 3 crore led by Inflection Point Ventures (IPV) and HNIs. 

Convin raised Rs 2.5 crore in a pre-seed round led by Titan capital and 9Unicorns. 

Klassroom Edutech raised $200,000 led by ah! Ventures with participation of several angel networks. 

Disruptium, a consultancy platform for startups, has raised pre-seed funding of $200,000 from Chokhani Ventures and an angel investor. 

ThatMate, a sexual and mental wellness app, raised $140,000 in angel funding from Rebalance Angel Community and a slew of angels. 

Jobsgaar, a hyperlocal job search platform, raised $140,000 in seed funding led SucSEED Indovation Fund and other angel investors.

GalaxEye, Flatheads, Fable Fintech, Almo, Accio Robotics, and Onelife Nutriscience have raised an undisclosed amount of funding.

Logistics startup Locus raised $50 million in a Series C funding round led by GIC with participation from Qualcomm Ventures LLC and existing investors Tiger Global and Falcon Edge. 

Tech startup, LambdaTest raised $16 million in a Series B round led by Sequoia Capital India, with participation from Telstra Ventures, Wamda Capital, and others.

RoundGlass, a global wellbeing company, acquired Bengaluru-headquartered fitness discovery platform Gympik Health Solutions for an undisclosed amount. 

Binny Bansal co-founded xto10x acquired HR tech startup Dockabl for an undisclosed value.

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

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