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.

Dropbox to Raise $600M Credit Line Led by JPMorgan

Dropbox Inc. is raising a $600 million credit facility from six banks led by JPMorgan Chase & Co., reported ET, as the cloud file-sharing startup pushes toward an initial public offering as soon as this year. The San Francisco-based startup has been meeting with bankers to discuss plans to list, people familiar with the talks said. While the company hasn’t set specific timing, potential advisers believe it will be ready to go public by the end of this year.

Greenko Energy Raises $155M from GIC, ADIA


Renewable energy firm Greenko Energy Holdings Pvt Ltd has raised $155 million (around Rs 1,008 crore) from existing investors Singapore’s sovereign wealth fund GIC and Abu Dhabi Investment Authority (ADIA). The firm will use the funds to expand its clean energy portfolio to 3 gigawatts from 2GW. The funds will contribute to the continued growth of Greenko’s platform through the development of new renewable energy projects, including recently-acquired solar projects, and expansion of existing wind farms.

Cloud Based Enterprise Software Firm Icertis Bags $25M

Cloud-based enterprise software firm Icertis Inc has raised $25 million (Rs 175 crore) in a Series C funding round led by B Capital Group, taking the total it has received so far from investors to $46 million (Rs 300 crore). Existing investors Ignition Partners, Greycroft, e.ventures and Eight Roads Ventures also invested in the new round. The development comes exactly a year after the firm raised $15 million in its Series B round.

Bengaluru Based Gourmet Meat Brand Licious Gets $10M in Series B Funding

Bengaluru based leading gourmet meat brand, Licious, run by Delightful Gourmet Pvt. Ltd, announced today that it has secured $10 million in a Series B funding round led by Mayfield India, 3one4 Capital, Sistema Asia Fund and Neoplux Technology Fund. The investment is expected to boost business growth for the company and facilitate its expansion plans in other markets like Hyderabad and Delhi-NCR. In a highly commoditized space, this investment will fuel the company’s innovation efforts which have helped the brand achieve a differentiated consumer perception in a short time.
BigBasket Raises Rs 45 Cr Venture Debt from Trifecta Capital

Online grocery retailer BigBasket has raised ​ Rs 45 crores of venture debt from Trifecta Capital. The funds will be used to meet the capex requirements of the company including setting up new warehouses, strengthening the cold chain and setting up facilities for reprocessing of fruits & vegetables.

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GVFL Invests $4.6M in Ahmedabad Based Varmora Plastech

Venture capital firm GVFL Ltd (formerly Gujarat Venture Finance Ltd) has invested Rs 30 crore ($4.6 million) in Varmora Plastech Pvt Ltd (VPPL), a homeware manufacturer. VPPL will use the proceeds to further expand its product range and market reach. The company sells its products under the brand Varmora through 75 distributors. It also uses retail and online channels to export its products outside India.

Solar Power Solutions Startup Oriano Gets $3M

Oriano Solar, a Mumbai-based startup that specializes in turnkey solar solutions, has raised Series A funding worth $3 million (around Rs 20 crore) from Samridhi Fund, which is managed by SIDBI Venture Capital Ltd, a wholly-owned subsidiary of Small Industries Development Bank of India (SIDBI). The company will use the fresh capital to expand its project management and business development teams in addition to establishing offices across India.

M Power Gets Fresh Capital from IndiaNivesh

Non-banking finance company M Power Micro Finance Pvt Ltd. has raised Rs 18 crore in equity capital in a deal that involved both primary and secondary transactions.

Fintech Platform Perpule Raises $650K from Kstart and Others

Kstart Capital, a Kalaari Capital initiative, has invested in Perpule. Kstart led the $650,000 round that also saw participation from Venture Highway and Raghunandan G, co- founder of TaxiForSure.

Perpule aims to provide an enjoyable queue-less experience for people wherever they go. They have started with solving the problem of queues at retail stores like HyperCITY, etc. and are doing it in 3 cities Bangalore, Mumbai & Noida. Their vision is to enhance the shopping experience of customers in-store, by making it more engaging and personal. The smartphone-based software solution can be scaled across various retail outlets and provides retailers deep insights about their customers allowing them to create personalized real-time campaigns. Perpule is founded by Abhinav Pathak, Saketh BSV, and Yogesh Ghaturle.

Fashion eCommerce Portal Fynd Raises $500K in Series A Round from Venture Catalysts, Others

Identifying promising business ventures and providing them with the right opportunity has become the trademark of investors at Venture Catalysts, Indian seed investment and innovation platform. The platform has now participated in Series A funding round of Fynd, the fashion e-commerce portal with $500k.

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Fynd is an online to offline e-commerce fashion marketplace. The platform is also the only fashion e-commerce portal in India which makes the in-store inventories available online before any other e-commerce networks.

Apart from these top 10 funding deals, here are a few startups which have also secured funding for their growth and expansion:

Mumbai-based Traveljunkie Solutions Pvt. Ltd, which runs travel-tech startup Ithaka, has raised Rs 2.1 crore ($325,000) in seed funding from a clutch of angel investors based in the US, Singapore and India.

Mumbai-based Jhakaas Technologies Pvt. Ltd, which runs the Jhakaas app that aggregates local offline businesses, has raised Rs 1 crore (around $154,000) in seed funding from a clutch of investors.

Craft beer maker B9 Beverages Pvt Ltd has raised a round of growth capital from one of its existing investors.

Regional smartphone operating system Indus OS has raised funding of an undisclosed amount from new investors Ventureast and JSW Ventures.

Bengaluru-based FalconBrick Technologies Pvt. Ltd, which owns a mobile-based solution for accelerating construction projects, has raised an undisclosed amount in an angel round by Singapore Angel Network.

Gurgaon-based e-diagnostic startup Elite Tech Healthcare Pvt Ltd, which runs KlinicApp, has raised an undisclosed amount in seed funding from Om Chaudhry, the founder of private equity fund Fire Capital, to develop its technology platform and product.

Bengaluru-based waste management services provider Hasiru Dala Innovations Pvt. Ltd. has raised an undisclosed amount of funding from Ennovent Impact Investment Holding.

Edtech company BYJU’s has raised additional funding from Belgian-based diversified investment holding company Verlinvest.

Sports engagement platform Rooter has raised an undisclosed amount of funding from electronic goods and accessories manufacturer Intex Technologies.

Kolkata-based complete cold logistics and supply chain service provider Crystal Logistic Cool Chain Ltd has raised its first private equity funding of $10 Mn (INR 66 Cr), led by Neev Fund.

Bangalore-based luxury fashion platform Zapyle has raised an undisclosed amount in a bridge round of funding from its existing investors.

Delhi-based machine intelligence-based personalisation platform, Wigzo Technologies, has secured an undisclosed amount of funding in a round led by existing investor 3one4 Capital.

Online food ordering startup Swiggy.com is said to be in talks to raise at least $50 million (around Rs 325 crore) in fresh funding.

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