Lockdown is a tough period for enterprises of all sizes as the economy is slowing down. Although corporates have come forward offering help to the vulnerable, smaller companies are in dire need of money to steer forward. A ray of hope for Indian companies, especially startups, at this point is the funds from international and domestic agencies. Let’s take a look at a few Indian startups that benefited from funding this week.
Bugworks Research:
A biotech startup based in Bengaluru. The company raised $7.5 Mn from Japan-based University of Tokyo Edge Capital (UTEC).
Vedantu
Vedantu is an ed-tech startup from Bengaluru. Vedantu raised $6.8 Mn from South Korea-based KB Global Platform.
Indusface
It is a SaaS startup based in Gujarat. The firm raised $5 Mn from Tata Capital Growth Fund II.
Dailyhunt
The news aggregator based in Bengaluru raised $5 Mn from existing investor Advent Management.
Pariksha
An ed-tech startup based in Pune, Pariksha recently raised an undisclosed amount from angel investors.
Bijak
Bijak is a B2B Agri trade platform based in Haryana. Bijak raised $11.8 Mn from existing investors Omnivore Partners, Tempo Ventures, Bi Fund and others.
Box8
The cloud Kitchen startup based in Mumbai recently raised $3.9 Mn from existing investors, Mayfield and IIFL Seed Ventures Fund.
LoadShare
Logistics startup headquartered in Bengaluru, LoadShare raised $2 Mn from UK-based CDC Group.
Uzhavar Bumi
Uzhavar Bumi is a dairy startup based in Tamil Nadu. The startup raised $220K from Sankar Kanagasabai and Native Angels Network.
YAP
YAP is an API platform based in Mumbai. The startup had raised $4.5 Mn from funding led by Dirk van Quaquebeke at BEENEXT.
