Highlights of major startup funding deals in India in November 2020

Please follow and like us:

In India startup funding highlights, check out major startup funding deals India in November 2020.

  • Routematic raised a fresh round of funding from Bosch for $2 million.
  • Fidelity Investment, the Boston based asset management firm, has reportedly invested an undisclosed amount in Nykaa.
  • Pureplay Skin Sciences, selling under Plum and Phy brands, has raised Rs.110 crores in a Series B round of funding led by Faering Capital.

startup funding deals india in november 2020

  • Unacademy has raised an undisclosed amount in a fresh funding round from Tiger Global Management and Dragoneer Investment Group at a valuation of $2 billion.
  • Joining the unicorn club, Cars24 has raised $200 million in its Series E funding round at a valuation of over $1 billion.
  • Cashfree, a fintech startup, has raised $35.3 million as part of its Series B funding round led by Apis Growth Fund II.
  • Byju’s is reportedly close to raising another $200 million in a fresh round of funding from BlackRock and T. Rowe Price at a valuation of $12 billion. It had last raised $500 Million in Sept.’20.

Startup Funding Deals India in November 2020

Must Read:Guru Nanak Jayanti 2020: Guru Nanak Ji Status Video Download

  • Apple’s second-largest contract manufacturer, Pegatron’s board has approved an initial investment of $150 million in India for building manufacturing facilities.
  • Kitchens Centre, a shared kitchen start-up, has raised an undisclosed sum in a Pre-Series A round from Village Global, a US-based early-stage VC firm backed by entrepreneurs, like Mark Zuckerberg, Bill Gates, Jeff Bezos, Eric Schmidt, and Bob Iger. The firm had raised $500,000 in a seed round in April from AngelList India.
  • Turtlemint, an insuretech start-up, has raised $30 million in a funding round led by GGV Capital. The funds will be used to add cutting-edge technology solutions and scaling penetration in tier 2-3 towns.
  • EY India has acquired Spotmentor Technologies, an AI-powered skilling platform to help businesses identify skills required for the future of work and upskill and reskill talent at scale, for an undisclosed amount.
  • Zomato raised $195 million from six investors at a post-money valuation of $3.6 billion.

Startup Funding Deals India in November 2020

Must Read:Happy Kartik purnima 2020 status video download

  • XpressBees, a logistics startup, has raised $110 million in a new funding round from Norwest Venture Partners, Investcorp, and Gaja Capital at a valuation of around $400 million.
  • Ather Energy, an electric two-wheeler maker, backed by Hero MotoCorp, has raised around USD 35 million in a funding round led by Sachin Bansal’s investment of USD 23 million.
  • Electric vehicle charging startup CHARGE+ZONE raised $3 million in pre-Series A round led by Venture Catalysts and from other investors like Mumbai Angels, Keiretsu Forum, and Ramakrishnan Family Office.
  • Stones2milestones, an ed-tech startup raised around Rs.19 crores in a bridge funding round led by existing investor Unreasonable Capital and its limited partner, Goldhirsh Foundation.
  • Charcoal Eats, a quick-service restaurant startup, raised Rs.16 crores in a funding round led by Lokmat Investments.
  • Deliveryontime Logistics, a reverse logistics solutions startup, raised Rs 12 crores in a pre-Series A round of funding led by IAN Fund.
  • Tamasha. live, an influencer-led, live social gaming platform, raised seed funding of Rs 2.5 crores from 9Unicorns, Kunal Bahl, and Rohit Bansal.
  • Flipkart has made an undisclosed strategic investment into USPL.
  • Gully Network, a tech-enabled chain for small and medium grocery stores, closed its pre-Series A funding round of $1.2 million from Venture Catalysts, Inflection Point Ventures, and DFAN.
  • Kaagaz Scanner, an Indian document scanning and storage app, raised $575,000 in a funding round led by Pravega Ventures with participation from Better Capital and Axilor Ventures.
  • Citymall, a social e-com startup, raised $3 million in a funding round led by Elevation Capital and participation from Waterbridge Ventures, and others.
  • Shipsy, a SaaS platform, raised $6 million in a funding round co-led by Sequoia Capital India’s Surge and existing investor Info Edge.

Startup Funding Deals India in November 2020

Must Read:30 November in Indian history: Know about November 30 special day in India, famous birthdays, events

  • Pravasirojgar, an initiative from Sonu Sood for blue-collar job workers, raised $33 million from Temasek’s GoodWorker.
  • LetsTransport, an enterprise-focused logistics marketplace for intra-cities delivery, raised around $7.6 million from its existing investors.
  • DocsApp, an online doctor consultation startup, raised $8 million in a new funding round led by JAFCO Asia Tech Fund and Team Fund LP.
  • GlowRoad, a social commerce startup, raised $7 million in a fresh funding round from its existing investors.

Must Read:Today News Headlines 30th November 2020

For more articles like, “Startup Funding Deals India in November 2020”, do follow us on FacebookTwitter, and Instagram for interesting content. For watching our collection of videos, follow us on YouTube.

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2019 Tentaran.com. All rights reserved.
× How can I help you?