NEWS UPDATE: Here’s a list of the most significant Indian start-up funding news of the week (5-10 March)

This week, out of the total 16 startups that received funding, 14 were disclosed while two of the funded startups remain unrevealed.

The total sum received is close to a whooping $134 million. Myntra raised $63.7 million, the highest investment in the lot. Pepperfry took the second spot with its $38.5 million funding.


NEWS UPDATE: Here’s a list of the most significant Indian start-up funding news of the week (5-10 March)

Here’s a synopsis of all the closed deals of this week.

The disclosed funding deals:

Myntra: Fashion e-commerce brand Myntra became the recipient of an investment of $63.7 million (Rs 415 crore) from FK Myntra Holdings, Flipkart’s Singapore-based subordinate. It was the highest closed deal of the week.

Pepperfry: Online furniture retailer Pepperfry has welcomed $38.5 million (Rs 250 crore) fresh funds from State Street Global Advisors. The other participants in the round include investors Goldman Sachs, Norwest Venture Partners, Zodius Capital and Bertelsmann India Investments.

MedGenome: Reputed Genomics research firm MedGenome has announced an additional $10 million (Rs. 65 crore) funds, taking the total to $40 million, in its Series C round.

Finova: Finova Capital, a non-banking financial company, has raised an investment amounting to $6 million (Rs. 39 Crore) from its present investor Sequoia Capital as part of the Series A round of funding.

Hotelogix: Hotelogix, Cloud-based hotel property management system provider, has secured $5 million (Rs. 32.5 crore) in funds led by Vertex Ventures, with involvement from current investors Saama Capital and Accel Partners.

PictureTime: PictureTime, a mobile digiplex movie theatre platform has obtained $3.8 million (Rs 25 crore) in a pre-series A round, led by Rohit Chand, Ashish Gupta and Ajay Relan among others, from a group of investors.

Wellthy: App-based diabetes management portal Wellthy Therapeutics has received funds amounting $2.1 million (Rs 13.5 crore) from Manipal Education & Medical Group (MEMG) family office LLP.

Ninjacart: Bengaluru-based online B2B marketplace connecting farmers and brands to retailers, Ninjacart, has closed a $1.1 million (Rs. 7.1 Crore) investment deal with venture debt firm Trifecta Capital.

LiveHealth: Health tech venture LiveHealth has acquired a $1.1 million funding from Nexus Ventures in a Seed round. The startup has plans to utilize the fresh capital to strengthen product information and scale up its activities.

Magicpin: Magicpin is a Gurugram-based local discovery, rewards, and commerce startup which has accrued about $1 million (Rs. 6.5 crore) venture loan from Trifecta Capital in the first round of funding.

Gramophone: An amount of $1 million has been raised by agriculture startup Gramophone from Info Edge in pre-Series A funding.

InnerSense:  InnerSense, a lingerie startup, has received about $0.38 million (Rs 2.5 crore) from Venture Catalysts in Pre- Series A round. Vijay Lakhani, Dharmesh Dalal, and Matulya Shah are among the other investors who took part in this round.

Kuvera: Kuvera, an online mutual fund investment platform, has acquired $0.25 million (Rs 1.6 crore) in its second round or bridge round from angel investment.

CureFit: CureFit, a recent full stack fitness startup, has secured a funding of $0.15 million (Rs 1 crore) from Kalyan Krishnamurthy, CEO of Flipkart.

The undisclosed funding deals:

The deal amounts were not unveiled by SaaS startup Aneek and Drone technology platform Aarav Unmanned Systems (AUS).