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Weekly Startup Funding Recap – 29 April – 5 May’19

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Solar Tech Startup ZunRoof Raises $1.2 Mn from Godrej family office

Gurgaon headquartered ZunRoof, a solar tech startup, has raised a fresh round of pre-series A funding of $1.2 million from Godrej family office. ZunRoof, which has designed solar rooftops for over 10,000 residential houses, plans to use the funds raised in its expansion and further strengthen its pr.. Read More

Ex-Deutsche Bank Head Founded InCred Raises $85 Mn from FMO of the Netherlands

Mumbai-based InCred Finance, a tech-enabled non-banking financial company (NBFC), has raised Rs 600 crore (~ US$85.68 million) in a series A funding round led by FMO, a Dutch development bank based out of The Hague, Netherlands. Other investors who contributed to the round include US-based asset man.. Read More


Pune-based Industrial IoT Firm Altizon Raises $7Mn from TVS Motor’s Singapore Subsidy

Pue-based Altizon Inc, a global Industrial IoT (IIoT) platform company addressing the manufacturing industries, today announced the closure of its series A+ funding round of $7 million. This important round was led by TVS Motor Company (Singapore) Pte. Limited, the Singapore based Subsidiary of TVS… Read More

Vizag Startup Geo Climate Receives An Offer for ₹2 Cr Funding from GAIL

Vizag, Andhra Pradesh-based startup, Geo Climate Risk Solutions Pvt. Ltd. (Geo Climate), has received an offer for funding of ₹2 crore from Gas Authority of India Limited (GAIL), India’s largest state-owned natural gas marketer, reported The Hindu. Geo Climate builds Environmental Risk M… Read More

Ex-Paypal-ians’ EdTech Startup GUVI Raises ₹ 1 Cr from Gray Matters Capital’s edLABS

GUVI, an online skill acceleration and hiring platform for IT Skills where students learn to code in Vernacular Indian languages, has today announced that it has raised its first institutional round of funding from US based impact investor – Gray Matters Capital. Incubated at IIT Madras, GUVI… Read More

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B2B Payments Startup EnKash Raises $3 Mn in Series A from Mayfield India and Axilor Ventures

Mumbai-based Nehat Tech Solutions Pvt. Ltd., which owns and operates b2b payments platform EnKash, has raised $3 million in a Series A round from venture capital firms Mayfield India and Axilor Ventures. The startup will use the funds raised in hiring top executives and to expand its technology and… Read More

Solar Startup CleanMax Solar Raises $39 Mn from UK Climate Investments

CleanMax Solar, a leading rooftop solar developer, has raised ₹275 core (~ US$39 million) in investment from the United Kingdom (UK) Climate Investments LLP (UKCI), which is a joint venture between the Green Investment Group and the U.K. Government’s Department for Business, Energy and… Read More

eSports Platform Mobile Premier League Raises $35.5 Mn from Sequoia India, Times Internet, Other

Mobile Premier League (MPL), the fastest growing mobile eSports Platform in India today, announced a Series A investment of USD 35.5 Million, led by Sequoia India, Times Internet, and GoVentures with participation from other investors including RTP Global, BeeNext, Base Growth, and Venture Highway… Read More

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