[Weekly funding roundup] This week, celebrations took precedence and funding seems to be on the back burner
4 Jan 2019 4:39 PM GMT
Two late-stage funding deals helped the amount to breach the $100 million mark this week with Automobile classifieds platform CarDekho being the bellwether. Funding this week continued to ebb and reac...
- There were two late-stage and three early-stage deals that saw more than $132.7 million being raised amongst them.The deal of the week: CarDekho Jaipur-based CarDekho raised Series C of $110 million from Sequoia India, Hillhouse, CapitalG (Alphabet growth investment arm) and Axis Bank.
- The company said that it will use the fresh funds to enhance focus on the used-car segment of the market and build a strong foundation in transaction services, including insurance and financing.Delhi-based Vyome raises Series DSpeciality pharmaceutical company Vyome Therapeutics raised $22 million in a Series D round led by Iron Pillar.
- Existing investors like Perceptive Advisors, Romulus Capital and Kalaari Capital also participated in this round.A quick look at key early-stage deals this week Bengaluru-based regional language discussion platform, Manch, raised $700,000 in its seed funding round from Stellaris Venture Partners and other investors.
- Bengaluru based robotics and artificial intelligence powered and drone-based aerial data solution startup Asteria Aerospace raised an undisclosed amount in its Pre-Series A round from Boundary Holding, a Luxembourg-based fund.Debt and other funding: Chennai-based NBFC company, Samunnati Financial Intermediation and Services Private Ltd raised $5 million in debt funding from Dutch development bank FMO this week.
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