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Weekly funding wrap-up – India

VCs backed companies from an array of sectors including robotics, healthcare, ed-tech, and social commerce, among others.

Photo by rupixen.com on Unsplash

This past week majority of the investment took place in Series B funding round in the Indian technology startups. Automation and robotics company, Automation Anywhere with USD 290 million bagged the highest investment this week, followed by fintech company Perfios with USD 50 million investment.

Here are the top 10 deals of the week:

  1. Gurugram-based language learning platform Multibhashi has raised an undisclosed amount of money from Rarejob, a listed company in Japan that teaches English to its users through its digital platform. The three-year-old company started by Anuradha Agarwal enables its users to learn local Indian languages and English through a free as well as paid format. Users can choose from a bouquet of 11 languages listed on its platform.
  2. Four-year-old diagnostic testing platform Healthians has raised USD 12 million in its Series B round led by DG Incubation and DG Daiwa Ventures from Japan. Existing investors including Mistletoe and Tokio Marine from Singapore, Kotak PE, and Trifecta also participated in the round.
  3. Healthcare startup Medikabazaar, a B2B platform for medical supplies and instruments, has managed to raise USD 16 million in a Series B round led by healthcare-centric VC firm Health Quad, Belgium-based Ackermans & van Haaren (AvH), and Japanese firms Rebright Partners and Toppan Printing.
  4. Grocery delivery platform Grofers has raised USD 45 million as part of its ongoing Series F round from its Singapore-based parent company. Earlier in May SoftBank Vision Fund had led a USD 200 million round in the Gurugram-based company that competes with Bigbasket.
  5. Social commerce app W Mall has received USD 9 million from Chirate Ventures and its early investor SAIF Partners. According to media reports, Venture Highway entity VH Capital also participated in this round.
  6. Credit scoring company Perfios has raised USD 50 million in its Series B round led by Warburg Pincus and Bessemer Venture Partners.
  7. Fintech company Aye Finance announced Wednesday that it has raised USD 17.4 million from a Dutch entrepreneurial development bank FMO through a non-convertible debenture.
  8. South Korea-based KB Global Platform fund and The Fundamentum Partnership Fund has led a round of USD 13 million in Travel Triangle, a Gurugram-based startup. RB Investments, SAIF Partners, Bessemer Venture Partners, among others also participated in this round.
  9. Online furniture rental company CasaOne has secured USD 16 million in its Series B round led by Accel, along with participation from existing investors including JLL Spark, Freestyle Capital, NextWorld Capital, and Array Ventures.
  10. Automation Anywhere, a Silicon Valley-based robotics company has raised USD 290 million in a Series B funding round led by Salesforce Ventures. Existing investors including SoftBank Investment Advisers and Goldman Sachs also participated in this round. Founded by Mihir Shukla, Ankur Kothari, Neeti Mehta Shukla, and Rushabh Parmani works on robotic process automation (RPA) technology to automate business processes.