Funding Galore: Indian Startup Funding Of The Week [11-16 Dec]
Publication: www.bwdisrupt.businessworld.in
Date: December 11, 2017
21 Startup Fundings Took Place In The Indian Startup Ecosystem This Week
Shail Daswani
December 16, 2017
We bring to you the latest edition Funding Galore: Indian Startup Funding of the week. This week 21 Indian startups raised about $112 Mn in funding altogether in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed their funding amounts)
The two biggest funding deals in the Indian startup ecosystem happened in the camps of Mindtickle and Nazara Technologies. Seasoned investor Rakesh Jhunjhunwala invested approximately $27.99 Mn (INR 180 Cr) in Mumbai-based mobile gaming startup Nazara Technologies. The startup will use the raised amount to strengthen its position further in the $360 Mn online gaming market.
Also, San Francisco and Pune-based sales enablement platform MindTickle raised $27 Mn (INR 174 Cr) in a Series B funding round led by Silicon Valley-based VC firm Canaan Partners. Existing investors Accel Partners, New Enterprise Associates (NEA), and Qualcomm’s investment arm, Qualcomm Ventures, also participated in the round. The newly secured financing will be utilised to facilitate product innovation and global expansion.
Indian Startup Funding Of The Week
Houseome.com: Home interior solutions provider Houseome.com raised an undisclosed amount of funding from an Angel Investor to scale up its operations in Pune. The amount will be further utilised in improving its USP that leverages technology to to provide a mock-up of the house to its end consumers, a 3D view of the house even before it is done along with furniture solutions, vaastu guidelines and theme based ideas.
