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.

Swiggy Raises $80M in Series E Funding Led by Naspers

Swiggy, Indian food ordering and delivery platform, announced today that it has raised $80 million in series-E funding. The deal was led by Naspers, a global internet and entertainment group, and one of the world’s largest technology investors, with earlier investors Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners participating. Ashutosh Sharma, head of investments in India for Naspers will join the Swiggy board.

The new funds will propel the next phase of Swiggy’s growth by introducing a suite of new product and service offerings to enhance its superlative customer experience. Swiggy also announced plans to double its technology headcount and increase investments across core engineering, automation, data sciences, machine learning and personalisation.

Snapdeal Gets Rs.113 Crore from Nexus and Founders

In a surprise twist to troubled e-commerce firm Snapdeal, the company has received Rs.113 crore in an emergency funding round from existing investor Nexus Venture Partners and the company’s founders Kunal Bahl and Rohit Bansal, in lieu of its 2015 acquisition of Unicommerce eSolutions.

As per documents filed by Snapdeal with the Registrar of Documents, and accessed by corporate research and mentoring platform Tofler, Nexus Venture Partners was issued 14,810 preference shares, valued at Rs 96.26 crore while the founders — Bahl and Bansal, were each allotted 1,300 Series J1 preference shares, which have a cumulative value of Rs 16.90 crore (Rs8.45 crore each) making a total of Rs 113 crores.

Hyperlocal Discovery Startup MagicPin Raises $7 Mn In Series B Funding

Hyperlocal discovery startup MagicPin has secured $7 million in Series B round from existing investor Lightspeed India Partners and Waterbridge Ventures.

Current round also saw the participation of $15 million venture fund floated by private equity veteran Manish Kheterpal and two global family offices, Srivatsan Rajan, Chairman of Bain and Co India, and Sahil Barua, CEO of logistics company Delhivery. Earlier, Startup had raised $3 million in Series A from Lightspeed India Partners.

Japan Based Rohto Invests $5M In Online Pharmacy SastaSundar

Japan-based pharmaceutical company Rohto Pharmaceutical has invested $5 Mn (INR 33.4 Cr) in online pharmacy Healthbuddy Limited. With this funding, Rohto will assist SastaSundar in scaling its operations pan-India. Founded in 2013, Kolkata-based is a digital network for managing healthcare, pharma, and wellness product supply chain.

Carpediem Capital Invests $3.5M in Collateral Medical

Collateral Medical, a pan-India online distributor of Medical Devices, raised $3.5 million in a Series A investment from Carpediem Capital. The funds will be used towards strengthening the company’s distribution capabilities, expanding the service network and strengthening the IT infrastructure. Intellecap’s Investment Banking Group exclusively advised Collateral Medical on closing the deal with Carpediem Capital.

Collateral Medical, one of the leading medical device marketing and distribution companies, focusses on supplying medical devices for doctors, clinics, and small & medium hospitals present in Tier II and III cities in the country.

Grocery Startup Supr Daily Raises $1.5M from Silicon Valley Investors

Subscription-based micro delivery startup SuprDaily has raised about $1.5 Mn (INR 10 Cr) from a clutch of Silicon Valley investors – including Y Combinator partners Paul Buchheit and Jared Friedman. Y Combinator is a US-based startup accelerator while RedMart is a Singapore-based online grocery. Supr Daily, operated by Supr Techlabs Pvt. Ltd, was founded by IIT-Bombay alumni Kumar and Shreyas Nagdawane in 2015.

Online Insurance Broker Coverfox Raises Series C Round

Mumbai-based online insurance broking firm Coverfox has raised its Series C funding round from a bunch of new and existing investors, a person familiar with the development said.

Silicon Valley Based Tech Entrepreneur Jyoti Bansal Invests In Leadsquared

Jyoti Bansal, a Silicon Valley-based tech entrepreneur has invested an undisclosed amount in Leadsquared, a sales execution and marketing automation platform.

Not only this, he is also in process of closing a second investment in FundsTiger, a SME lending fintech player. Company plans to utilise funds towards sales and marketing on the product.

Commenting on the development, Nilesh Patel, co-founder, Leadsquared said, “The funds raised will be deployed towards sales and marketing, as well as on the innovation front for our product. As of now 80% of our business is in India and 1520% of our business is outside India, having Jyoti’s expert advice on board it will be easier to go deeper into the North American market too.”

Rentomojo Raises Venture Debt from Intellegrow

Bengaluru-based home appliances and furniture rental firm RentoMojo, run by Edunetwork Pvt. Ltd, has received funds in the form of venture debt from IntelleGrow. In July last year, RentoMojo had raised $5 million in its first strategic round Series A funding from existing investors IDG Ventures and Accel Partners. Prior to this, in November 2015, RentoMojo raised around $2 million in funding from IDG Ventures India and Accel Partners India. This time around the company has raised around Rs 5 crore ($775,000) in debt from IntelleGrow.

LoadShare Raises Pre Series A Funding from Matrix Partners India

Bengaluru-based logistics startup LoadShare has raised an undisclosed amount of Pre-Series A funding from Matrix Partners India. Loadshare will utilise the current round of capital for hiring talent in engineering and operations team.

The company, incorporated in January 2017, provides small transporters and logistics providers with I software and coverage in 2000 pin codes to connect with new clients.

Apart from these top 10 funding deals, here are a few startups which have also secured funding for their growth and expansion:, a Noida-based mass market mutual funds investment platform, has raised an undisclosed amount of angel funding from PV Sahad, founder of VCCircle; former head of investor relations at Infosys Sandeep Shroff and Right Global Infosolutions CEO Rahul Gupta.

Bangalore-based Shorebird Technologies Pvt. Ltd, which operates travel enterprise resource planning platform Tripeur, has secured an undisclosed amount in seed funding led by Grace Grace Techno Ventures LLP.

Adesaa Wellness Pvt Ltd, a Mumbai-based wellness startup, has raised an undisclosed amount of funding from angel investors, the company said in a statement today.

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