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.

Hero FinCorp in Talks to Raise Rs 1,000 Cr at $1B Valuation

Hero FinCorp Ltd, the financial services arm of India’s largest two-wheeler maker Hero MotoCorp Ltd, is looking to raise up to Rs1,000 crore at a valuation of $1 billion at its next funding round, two people familiar with the matter said.

The size of the stake sale has not been finalized and will depend on what the final valuation is in the forthcoming round, they said.

“The company expects to be valued around $1 billion,” said one of the two people cited above. In the last funding round, Hero FinCorp was valued at close to Rs4,000 crore, this person said. “Since then, the book size has grown significantly.”

Ali Cloud Investments Fuels $100M in E-distributor Just Buy Live

Just Buy Live, the World’s first e-distributor from India has raised a Series B round of $100 million from Ali Cloud Investments. The funds raised will largely be used for expansion into international markets that have high SME density and fragmented distribution as well as consolidating and growing the existing Indian operations.

Just Buy Live utilizes a cutting-edge mobile application with intuitive interfaces and user-friendly features to democratize product access for its customer base consisting of retailers and SMEs.

The company’s robust technology platform potentially makes almost every unit of physical stock from all listed brands, available to every shop in every zip code directly in real time.

Cloud Data Management Startup Druva Raises $80M Led by Riverwood Capital

Druva, the global leader in cloud data protection and management, today announced $80 million of growth equity funding, bringing the total raised to approximately $200 million. The latest funding investment was led by Riverwood Capital, with strong participation from Sequoia Capital India, Nexus Venture Partners, Tenaya Capital, and most other existing venture investors. Druva will leverage this late-stage investment to dramatically accelerate research and development, expand go-to-market efforts worldwide, and lead the industry in redefining how enterprises protect, manage, and use their data.

Fintech Startup Capital Float Raises Rs 300 Cr Led by Ribbit Capital

Capital Float, a digital lending startup is reportedly is in advanced talks to raise around Rs 300 crore in a new funding round.

According to the media reports, Ribbit Capital, the US-based finance technology focused venture capital is in talks to lead the fresh round of funding. It is believed that existing investors SAIF Capital and Sequoia Capital will also participate in the latest round so that their stake in the company is maintained. The company plans to utilise the fresh funds for expanding its lending portfolio to consumer financing and for financing kirana stores as well. After this round, the company is expected to be valued at around Rs 1,300 crore.

Retail App Maker Tulip Raises $40M from Kleiner Perkins & Others

Tulip Retail, which makes an app for retailers, has raised $40 million in Series B funding round led by venture capital firm Kleiner Perkins Caufield & Byers.

The funding round, which saw participation from existing investors such as Jump Capital, gives Kleiner Perkins' general partner, Mood Rowghani, a seat on the startup's five-member board. The Toronto-based company, which was founded in 2013, helps retailers tailor in-store experiences by giving store employees faster access to realtime inventory and price comparison data among other things.

Payments Firm Ezetap Raises $16M Led by Jonathan Soros Owned JS Capital

Ezetap, the universal mobile payments provider leading the fintech revolution in India, today announced it has secured $16 million in new funding. The largest investors of this round of funding is JS Capital Management, the investment fund of Jonathan Soros. Existing investors Social Capital and Li Ka-Shing’s Horizons Ventures not only participated, but increased their stake in the company as part of this round. As part of this round, Salil Seshadri, CIO at JS Capital Management, will join the Board. Ezetap will use the financing to continue innovating and expanding its payments platform – first of its kind that lets any business accept any form of payment – as well as grow its sales and operations across India and abroad.

Tiger Global Plans to Lead $15M Funding in Inshorts

New York-based investment firm Tiger Global Management is in advanced talks to lead a $10-15-million round of funding in its portfolio company, news media startup Inshorts, according to two people familiar with the development.

If the deal goes through, it will be the first new round to be led by one of the most prolific investors in the startup ecosystem after over a 20-month hiatus. The move comes as Tiger Global is expected to get a partial exit from its largest investment, Flipkart.

Bombay Shaving Company Gets $2.3M in Pre-Series A Round Led by Fireside Venture Fund

Bombay Shaving Company, a brand known for its men’s consumer care products, has announced that it has raised $2.3 million in a pre-series A round led by Fireside Venture Fund. The round has seen participation from 9 existing investors including S Ramadorai, former CEO at TCS, Pankaj Gupta, Supply Director at USL Diageo and some senior partners at McKinsey & Co who wished to not be named. The company plans to use the capital to fuel branding efforts, new product development and expansion into offline sales channels like salons and supermarket chains.

Myntra Co-founder’s Health-tech Venture Mfine to Raise $1M

Mfine, a yet-to-be-launched online doctor consultation platform floated by Myntra co-founder Ashutosh Lawania, is set to raise Rs 6.81 crore (around $1 million) in its first round of external funding. Bengaluru-based Mfine, which is operated by Novocura Tech Health Services Pvt. Ltd, will use the funds for product development and to meet working capital requirements.

Software Development Talent Platform Indiez Raises $500K Seed Funding From Haresh Chawla

Software development talent platform Indiez has raised $500K in Seed funding from veteran investor Haresh Chawla. The platform, owned by the Futureofwork Inc., brings together companies looking for software developers and freelancers looking for projects, plans to invest the newly raised funds towards technology and expanding into the US market.

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

Smart Software Testing Solutions invests in online crowd testing platform,, Indian daily micro-delivery grocery startup has raised pre-series A round from prominent investors Blume Ventures and Lenovo Capital and Incubator Group (LCIG). EVC Ventures and certain angel investors, who initially invested in Milkbasket, are reported to have exited in this round.

EasyGov, Cloud Services for Government Programmes, has raised Angel round for an undisclosed amount from Tata trust initiative (Lead Investor), Rajan Anandan, Rajeev Ahuja (Navayuga Group), Kshitij Arora and other investors on LetsVenture.

Rootefy International Pvt. Ltd, which runs building material megastore, has raised seed funding from Abhinav Gupta, director at Gurgaon-based real estate firm BNB Group

Vadodara-based ed-tech stratup Cerebroz EduTree LLP, which manufactures a device with customised educational content, has raised Rs 4.7 crore (about $734,000) in seed funding from Dubai-based high networth individuals.

Uniphore Software Systems Pvt. Ltd, a Chennai-based speech recognition startup, has raised a Series B round to further business expansion.

Mumbai-based instant messaging platform Flochat has raised an undisclosed amount of investment from iSquare Global, the venture capital arm of Apex Advisors

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