Business Updater Funding updates

STARTUP FUNDING NEWS- 27TH JULY- 1ST AUGUST

Startups are the future of India that is in the process of building and eventually helping India to become a more developed country. The investors are taking keen interest to encourage new startups that are bringing innovative and creative ideas.

Here are the top startups who raised their funding this week to expand and enhance their business. About $135 million is invested in different startups this week.

  1. Freshworks startups founded by Girish Mathrubootham https://www.linkedin.com/in/girish1/ raised funding of  $85 million that is approx 636 Crores in Series H from alternative asset manager Steadview Capital Management through a secondary transaction. Freshworks revealed that the funding will be used to create a more cohesive SaaS platform for all key business verticals — marketing, sales, support and customer success.
  2. Rebel Foods received a funding of  $26.499 Million (198 crores) in series E2 funding round led by US-based hedge fund Coatue Management. The funding will be primarily used for recovering the losses faced by the company due to the impact of COVID 19.
  3. Video and Live stream commerce platform Bulbul gained $8.7 million in a funding round led by internet company Info Edge. The funding will be used for enhancing the quality of videos and live streams and to reach more people.
  4. BigSpoon Foods- Founded by Kapil Mathrani in 2019 in Ahemdabad. It is a cloud-based kitchen startup that received $2 million in Pre-Series A funding round for product and brand development. Urmin Family Office, Lemonade Ventures, TrueValue Group MD Yash Shah, investors from Vcats Network and others participated in this round
  5. ShareChat- As the Govt has banned many Chinese apps, apps developed in Indian origin are attracting investors to invest in it. ShareChat is an Indian social network site that has raised $351K dollars (around 2.6 dollars) from All About Inc, Beenext Pte Led, Beenos Asia, DG Ventures, Kanamori Assagement Singapore, Rebright Partners I, Rebright Partners II and Tetsuro Koda in exchange of 8 equity share at a premium of INR 10 Lakh per share.
  6. Fire score Interactive is gaming that received funding from Israel-based  Crazy labs of $500 k. They are planning to open a crazy hub in Mumbai to help Indian gaming studios to develop games and providing essential service and guidance to them.
  7. Chingari – A short video platform has raised about $1 million in a seed funding from LogX Ventures, AngelList’s Utsav Somani, NowFloats’ Jasminder Singh Gulati, AL Trust (Vistra ITCL), Village Global.
  8. Delighttree Enterprise tech startup founded by Madhulika Mukherjee https://www.linkedin.com/in/madhulikamukherjee/ and Tushar Mishra https://www.linkedin.com/in/tusharmishra16/ gained $3 million from  Accel Partners, Emergent Ventures, Brainstorm Ventures, Axilor Ventures and Alchemist Accelerator.