Here is a list of top funding deals that happened in Indian Startup Ecosystem this week. Check out the brief description about all of them.

IFC Invests $67M in Apollo Health and Lifestyle Ltd

Apollo Health and Lifestyle Limited (AHLL) has raised $67 million for a 29 percent equity stake from International Finance Corporation (IFC), the private lending arm of the World Bank. The investment in Apollo is part of an effort to address issues of access, quality, and affordability across the country, said Henrik Elschner Pedersen, IFC Senior Manager – Consumer and Social Services – Asia.

SARE Homes Gets $63.5M from Altico Capital, KKR


Real estate firm SARE Homes has raised Rs 435 crore ($63.5 million) from Altico Capital and private equity fund KKR for a township project in Gurgaon. This marks the second investment of KKR in SARE Homes. It had put in Rs 200 crore across a bunch of projects of the developer in the form of debt.

Core Diagnostics Raises $12M from Eight Roads Ventures, Others

Diagnostics services provider Core Diagnostics Pvt. Ltd. has raised $12 million from Eight Roads Ventures,US-based F-Prime Capital Partners and existing investor Artiman Ventures. The company said it will use the funds to introduce multiple new advanced tests for oncology as well as for other segments such as infectious diseases and gynaecology.

Dairy Brand Osam Raises $6.7M in Series B Funding Led by Lok Capital and Aavishkaar

Ranchi-based HR Food Processing Private Limited (HR Food), which manufactures and markets dairy products under the brand ‘Osam’ has raised Rs 45 crores ($6.7mn) in Series B funding. This round of funding was led by Lok Capital advised Growth Catalyst Partners (GCP) – the third fund from the India focused VC firm along with co-investment from existing investor, Aavishkaar India II Company Ltd. The funds will be utilised by the company to expand its production capacity and further its distribution outreach into neighbouring districts in Jharkhand and Bihar.

IndiaLends Raises $4 Million from American Express Ventures and Existing Investors

Fintech startup IndiaLends.com has raised $4 million in Series A funding from American Express Ventures, existing investors DSG Consumer Partners, Chinese investment firm Cyber Carrier VC and AdvantEdge Partners. The latest round of funding will be used by the company to expand its credit underwriting and analytics capabilities, offer more consumer-focussed products and increase its market footprint across India.

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Lock Screen Platform SLIDE App Raises $3.6M in Series A Funding

SlideApp, a lock screen app that awards Android users for reading content, today announced its series A round of funding worth $3.6 million. The funding was led by Songhyun Investment, a leading South Korean VC firm. The app had previously raised $1.2 million as seed funding.

TYGR App Secures $3M in Pre-Series A Funding

Transport and logistics app TYGR has raised $3 Mn in a Pre-Series A funding round led by Franchise India, an Asian franchise and retail solution provider, and a group of fellow investors. This fund will be utilised for marketing, product development, and to expand the franchisee-led distribution network in India and globally.

Delhi Based Affordplan Raises $3M in Series A From Prime Venture Partners, Kalaari Capital

Delhi-based Affordplan, a savings led platform for medical expenses has raised $3 Mn (INR 20 Cr) as part of its Series A funding, led by Prime Venture Partners – formerly AngelPrime and Kalaari Capital as a co-investor. The startup plans to use these funds to expand the current team, build the network, and scale the business to new cities across India.

B2B Marketplace Wholesalebox Secures $2M in Pre-Series A Funding

B2B online marketplace in the fashion and lifestyle segment, WholesaleBox has secured $2 million in its Pre-Series A round of funding from angel investors. The raised funds will be used to scale its technology and expand its operations in new markets. It’ll be also used to improve the supplier and customer experience.

B2B Marketing Startup MARIANA Gets $2M from Exfinity Venture Partners

US- and Indian-based, AI-driven B2B marketing startup MARIANA has secured $2 Mn in a Seed financing round from Exfinity Venture Partners. Launched in 2013 by Abhishek Kashyap, Soumyadeb Mitra, and Venkat Nagaswamy, the company applies artificial intelligence to enhance a user’s B2B marketing. The company aims to help marketers deliver the right content to enhance the sales of their respective products.

Apart from these top 10 deals, here are other startups who also secured funding for their growth and expansion:

Noida-based digital healthcare company Sidqam Technologies has secured $1.2 million seed funding led by SQue Capital, a Mumbai-based investment firm.

Bengaluru-based HyperKonnect Technolgies Pvt Ltd, which owns shopping app ShopsUp, has raised seed funding of $1 million (Rs 6.6 crore) from two individual investors.

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The Michael & Susan Dell Foundation has invested $1 million along with Aspada Investment Company in school financing firm Shiksha Financial Services India Pvt Ltd.

Vendor collaboration platform The Vetted has raised about $500,000 (Rs 3.4 crore) in seed funding from early-stage investment firm Kae Capital and other investors.

Startup called LocalRamu raised 2nd Round of undisclosed amount of funding from existing investors and two new angel investors.

Live music streaming app, Streoapp has secured an undisclosed amount in Seed funding from GEMs Advisory and Early Stage VC fund Quarizon.

Edtech startup Math Buddy Online has raised $438K (INR 3 Cr) from Menterra Venture Advisors, an early-stage impact fund that makes investments in startups working in the agriculture, energy, education, healthcare, and skill sectors.

Bonita India, a home utility startup, has raised an undisclosed amount of funding from a group of individual investors.

Bengaluru-based online fashion marketplace Indofash has secured $150K (INR 1 Cr) from angel investors, Shekhar Sahu and Nitesh Pant.

Delhi-based hyperlocal social networking app Pulse App has raised $500K in Pre-Series A funding round led by SAIF Partners.

Bengaluru-based emotion recognition startup Entropik Technologies has raised $200K in Seed funding from a group of angels.

Mumbai-based car service startup Carcrew has raised $500,000 (around Rs 3.4 crore) in an angel round led by TVS Group.

Mobile-based SaaS platform HandyTrain has raised around $1 Mn in funding from Silver Range Investments, Hong Kong, Lumina Datamatics and Shun Yoshida, Managing Director, Merrill Lynch, Tokyo and other angel investors.

MonkeyBox Food Tech Pvt. Ltd, which delivers healthy food for children, has raised an undisclosed amount in seed investment from early stage investor Blume Ventures and a clutch of high net-worth individuals (HNIs).

Math Buddy Online, a Vadodara-based online math learning startup, has raised an undisclosed amount of seed investment from Menterra Social Impact Fund.

Quarizon Invests Rs 1.5 Cr in Noida Based QSR Chain ‘Chai Thela’

First Batch of Kstart Companies, Active Intelligence and Affordplan, Raise Series-A Funding

Indian cricketer Mohit Sharma has invested in a social networking-based discovery platform for artists, Crossahead.

Image Source: ShutterStock

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