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[Weekly funding roundup] November finally shows some signs of life with $65.7M

5 2 7
23.11.2018

After a severe slowdown for the better part of the month, this week proved to be marginally better for the Indian startup ecosystem in terms of funding raised. Startups raised a total of $65.67 million in equity funding across nine deals. Last week's figure was just $15 million. In addition, startups raised a total of $12 million in debt funding across two deals this week.

funding

Engineer.ai raises $29.5 million Series A led by Lakestar, Jungle Ventures

Human-assisted AI startup Engineer.ai announced that it has raised Series A funding of $29.5 million, led by Lakestar and Jungle Ventures with participation from Softbank’s DeepCore. The Gurugram-based company helps companies to build and operate custom-made software and will use 65 percent of the fresh capital for engineering, and the rest for customer acquisition.

Agritech startup CropIn raises $8 million in Series B, led by Chiratae Ventures

Bengaluru-based CropIn Technologies raised $8 million in Series B round led by Chiratae Ventures (previously known as IDG Ventures India). The Bill and Melinda Gates Foundation Strategic Investment Fund (London and Seattle) also participated in this round of funding. The company is expected to use the money to scale its tech platform SmartFarm across India and the world and aims to cover 10 million acres of land across 7 million farmers.

Fintech startup........

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