We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

[Weekly funding roundup] The week that Binny Bansal quit also saw funding activity almost grind to a halt

2 1 6
16.11.2018

The second full week of November will probably go down in startup history as the week that Flipkart was left without a founder at the helm. It was a shocking development, to say the least. In contrast, this week saw just $8.95 million raised across nine deals, an 86 percent drop from last week’s already paltry $65 million across four deals. Further, this week predominantly saw early-stage funding with seven of the nine rounds going into Pre-Series and Series A deals.

Perpule raises Series A funding from Prime Venture Partners

The biggest round which accounted for more than half of the total funding this week was raised by Bengaluru-based self-checkout technology provider Perpule, which closed $4.7 million from Prime Venture Partners, with participation from existing investors Kalaari Capital and Venture Highway. Perpule allows users to self-checkout and self-order at offline stores, food outlets, malls and cafeterias, in turn improving customer experience by saving them the hassle of standing in long queues.

MilkBasket reportedly raised $1.37 million from Mayfield Fund

Gurugram-based hyperlocal startup MilkBasket reportedly raised $1.37 million from US-based venture capital firm Mayfield Fund, according to a report in VC Circle. The startup........

© Your Story