We bring to you the latest edition of Funding Galore: Indian Startup Funding of the week. In the monsoon season, the ever-growing startup fundings have kept the Indian startup ecosystem engaged, however, the real thunder came with SoftBank’s $200 Mn investment in PolicyBazaar, the newest entrant to the Unicorn club.
The company claims that it will grow at a CAGR of more than 80% over the next three years achieving 10 Mn transacting customers by 2020. Also, the global payments technology company Visa may invest $250 Mn in a fresh funding round for Mumbai-based payments gateway BillDesk at a valuation of $1.5-2 Bn.
This week 16 startups raised around $255 Mn in funding altogether in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed funding amount.) Let’s have a look at the other major fundings in thhe Indian startup ecosystem this week.
Edureka: Bengaluru-based elearning platform Edureka raised $2 Mn from Leo Capital. With the funding, the startup plans to expand global reach and accelerate growth and innovation.
It also aims to achieve 6X growth in the next three years. Funding Galore: Indian Startup Funding Of The Week [25-30 Dec] Funding Galore: Indian Startup Funding Of The Week [25-30 September] Funding Galore: Indian Startup Funding Of The Week [04-09 June June 2018] Wow Express: Mumbai-based ecommerce delivery platform Wow Express raised $4.5 Mn in a Series A round of funding from its existing investor — the Tamarind Family Private Trust of the Mansukhani family. Read more from inc42.com…
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