Weekly Startup Funding Alert – 8th January 2020

A lot of startups ended the year on a bright note or started 2020 with some good news. Let's take a look at the fundings that took place in the 1st week of January 2020.

There are thousands of budding entrepreneurs who come forward with marvelous and unique startup ideas. Still, unfortunately, only a few of them can bag some initial funding to give their startup a kickstart to rise. Here are some of the startups that that got funded in the 1st week of January 2020.


Fashor, a women’s apparel brand raised $1M in a funding round led by Sprout Venture Partners

Founded by Vikram and Priyanka Kankaria in 2017, Chennai-based women fashion apparel brand Fashor has raised $1M in a funding round. The funding round was held by venture firm Sprout Venture Partners, and the funding took place to help the brand expand its online and offline channels.


Mutual Funds investment firm, WealthBucket bagged $3M in funding

Delhi-based mutual funds investment firm, WealthBucket was able to raise $3M in an investment round from Northstar, angel investor Vinod Khatumal, and other HNIs. The company was founded by Himanshu and Pulkit Jain in 2018 to connect people with the mutual fund investment world.


Development Bank of Austria makes a significant investment in Satin Creditcare

Things look well for Satin Creditcare Network as it receives an external commercial borrowing (ECB) funding of $15 million from the Development Bank of Austria. This funding was done by the bank to help them increase their lending portfolio, and this investment would help them expand and improve their financial inclusion in 22 states.


Tech Shiksha gets funding of Rs. 1.3Cr from Mumbai Angel Network

Tech Shiksha, an edtech startup, has raised Rs. 1.3 Cr from 24 investors of the Mumbai Angels Network through a funding round. The funds collected will be used by them to expand their business and reach out to more students. Their product, Witblox, provides gamified robotics-based teaching for children of the age eight to sixteen years using plug-and-play toolkits. IIT Bombay alumnus, Amit Modi, founded the startup.


Venture Catalysts help Skilancer Solar raise an undisclosed amount of funding

Founded by Neeraj Kumar and Manish Kumar Das, Skillancer Solar is a Noida-based startup that provides permanent professional cleaning service of solar panels. In a recent round of fundraising, the firm raised an undisclosed amount of funds from Venture Catalysts.


Unicorn logistics startup, Rivigo raises funding of Rs 25Cr from Trifecta Capital

The Gurugram-based startup Rivigo has raised $3.4 million in debt funding from Trifecta Capital recently. Gazal Kalra and Deepak Garg founded the startup, and they launched their product – RaaS (relay-as-a-service), which is working in the direction of offering benefits to relay trucking to fleet owners in India. In its Series F round for funding, the startup’s funds have come close to the plans of raising $20 million.


Generico raises Rs. 10Cr in its Series A round from Alteria Capital

The Mumbai-based pharmaceutical startup Generico received an investment of Rs. 10Cr from Alteria Capital, which is part of the $14 million that the firm raised in Septemeber 2019. Lightbox led the funding round, and the team has raised $16 million in funding to date. Siddharth Gadia and Girish Agarwal found the pharmaceutical company who were IIT Bombay batchmates.


Biocon Biologies goes big as True North plans to invest Rs. 536.25 in the firm

The private equity firm, True North, is planning to invest Rs. 536.25 in Biotechnology major, Biocon to acquire 2.44% stake of Biocon Biologies. The subsidiary is valued at Rs. 21,450 Cr on the pre-money equity basis. Biocon Ltd’s shares were trading at Rs. 287.40 per scrip on the BSE, which is a decline of 4.53% decline from the previous closing.


EquNev Capital invests $1M in customer transmigration platform, UnoLigo

EquNev, an early-stage investment fund firm that is operated by angel investor and venture capitalist Kapil Khandelwal has invested $1M in the customer transmigration platform UnoLigo. Jehangir Abdulla, a Wall Street algo expert and a Carnegie Mellon computational finance specialist, founded UnoLigo Solutions. Big names like Bharat Petroleum, IGL, IndianOil, etc., are among the key clients of the company.


Super Surfaces gets $500k as funding in its Series A round led by NRI investor

The interior design startup, Super Surfaces recently received $500k as a part of its Series A funding round. The funding round was led by Vishnu Reddy, a Washington based NRI investor. This current funding would help the startup to scale up and grow its brand and enter the global market starting from Sri Lanka and Bangladesh by 2022 and then move to more critical markets of the US and Australia by 2023.

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Vineet Chaudhary is a content writer with computer applications as his background field. His interests range from writing and photography to going out for trips and rides on weekends.

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Vineet Chaudhary
Vineet Chaudhary
Vineet Chaudhary is a content writer with computer applications as his background field. His interests range from writing and photography to going out for trips and rides on weekends.

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