[Weekly funding roundup] Startups raise over $118M, Avaada and CleverTap bag maximum funding
12 April 2019 9:37 AM GMT
Over the last week, the Indian startup ecosystem raised $118 million across 22 deals. The highest funds were raised by Avaada Energy and CleverTap.
- Next was CleverTap, which raised $26 million in Series B round, led by Sequoia India.
- Bengaluru-based API infrastructure company Setu raised $3.5 million as a part of seed round capital led by Lightspeed India Partners, with participation from Bharat Inclusion Seed Fund.
- Women-focused reseller platform GlowRoad raised $10 million in Series B round, led by China-based CDH Investments, with participation from existing investor Accel Partners.
- Existing investors Accel Partners, Chirantae Ventures, and Pi Ventures, along with Flipkart Co-founder Binny Bansal, and Trifecta Capital also participated in the round.