This week, Rivigo has raised Series B round tune of $30 million with equity and debt financing. Housejoy, a home services marketplace has announced that it has completed Rs 150 Crore Series B funding from a consortium of investors. There were many other acquisitions and fundings that made the rounds this week. Lets take a look at some of the news which made headlines in the startup space.
1. Sports Education Startup KOOH Raises $2 Million from TCS, HDFC and others
Sports education startup KOOH Sports has raised $2 million in funding round D from its existing investors which include TCS, HDFC, Faering Capital and they will share a 70 per cent stake in the startup. The round also saw participation from Mumbai-based sports promotion service, Elevate Sports, which will now have a 5% stake in the company.
2. Logistics platform Rivigo raises $30 million from SAIF Partners, others
Gurgaon-based data science-backed logistics services provider TrucksFirst Services Pvt Ltd, which operates under the brand name Rivigo has raised Series B round tune of $30 million with equity and debt financing. The investment was led by SAIF Partners. The platform aims to leverage the raised capital to achieve its target of scaling 10 times in the next 12 months.
3. MeraDoctor gets Rs. 7-crore funding from Unilazer Ventures
Mumbai-based MeraDoctor, a platform for virtual consultations between doctors and patients, has raised INR 7 Crore in pre series A round of funding led by Ronnie Screwvala’s Unilazer Ventures.The round also saw participation from existing investor IndiaQuotient, India’s leading early-stage fund. Previous investors include Aaavishkaar and Accion Venture Lab.
4. EdTech startup Springboard raises $1.7M in seed funding from LinkedIn co-founder & others
Bangalore and US-based ed-tech startup Springboard, has raised $1.7 million in seed funding. Investors in the round include Allen Blue, co-founder of LinkedIn, John Katzman, founder of The Princeton Review, 2U and The Noodle Companies, Naveen Tewari and Amit Gupta, founders of InMobi, Kartik Hosanagar, Wharton School professor, 500 Startups, serial entrepreneur Kashyap Deorah and others.
5. Reverse Logistics startup Blubirch raises $2M in angel round
Bangalore based startup Blubirch, an IT/Reverse logistic service provider has raised an angel funding amount of $2 million from Chicago Capital ventures, Sanjay Mehta, Angel and PE Investor and others. The funding will be used towards further expansion of its services in India and other countries and to strengthen its teams to complement their capabilities.
6. Yuvraj Singh backed private jet marketplace JetSetGo raises $2M in funding
JetSetGo, the marketplace for private jets, helicopters and air ambulance has raised a funding of around $2 million from Puneet Dalmia, MD, Dalmia Bharat Ltd. The raised capital will be used towards expansion of company’s ground presence in key airports, launching inter-city private jet shuttles, air ambulance services and an online platform for helicopter bookings.
7. Home Services startup Housejoy raises Rs 150 crore in Series B funding led by Amazon
Bangalore-based Sarvaloka Services On Call Pvt Ltd that operates Housejoy, a home services marketplace has announced that it has completed Rs 150 Crore Series B funding from a consortium of investors. The round was led by Amazon and included new investors Vertex Ventures, Qualcomm and Ru-Net Technology Partners. Existing investors Matrix Partners India also participated.
8. Infosys Invests $3 Million In Pro Sports wearable Startup Whoop
India’s second largest software exporter IT major Infosys has invested USD 3 million in U.S.-based wearable device startup firm WHOOP, a US-based startup that offers performance optimisation solutions for professional athletes and sports teams, to pick up a minority shareholding in the company.
9. Wedding Venue Marketplace Weddingz raises over $1 million
Weddingz.in, a Mumbai based startup , has raised over $1 million (around Rs 6.7 crore) in angel funding from a group of investors, including Google India’s MD Rajan Anandan. The other investors who participated in the round include film makers Zoya Akhtar, Reema Kagati and Ruchi Narain, Indian designer Ritu Kumar’s son Amrish Kumar, and Ambit Private Wealth CEO Hrishikesh Parandekar.
10. CapriCoast raises Rs 23 Cr from Accel Partners and RB Investments in Series- A funding
Bengaluru based Online modular furnishings marketplace CapriCoast has raised Rs 23 crore ($3.5 million) in its Series-A funding. The funding was done by its existing investor Accel Partners along with Singapore-based boutique venture capital firm RB Investments. In April this year, the company has raised Rs 7.7 Cr from Accel Partners. The company recently move to an online to offline model.