Funding roundup: Housejoy and Rivigo gobbled up 82% of investment in Dec 3rd week
As 2015 comes to a close, the funding shower continues to drench Indian startups. In the third week December, Angels and VCs have poured investments in 19 startups, the deal value for the week stood at $64.3 million. This includes only deals where the invested amounts were disclosed.
Pre-series A deals dominated the investment between December 14th to 20th, over all 15 pre-series A deals were announced. The sectors that saw funding activity include marketplace for home services, logistics, foodtech, analytics, education, and healthcare.
In the first week of December, the number of deals was the same. Nineteen deals were announced and the fund value was $3.5 million.
One of the major investments this week has been in the logistics sector. Rivigo has raised $30 million in a Series B round led by existing investor SAIF Partners. Rivigo (formerly Trucksfirst) coordinates delivery trucks across cities, using its backend technology and innovative operational processes. Last week one of the top deals was in logistics. BlackBuck bagged $25 million in series B round from a consortium of investors led by Tiger Global Management. Other investors include Yuri Milner’s Apoletto, Accel Partners, and Flipkart.
Home services marketplace sector scored the second highest deal value this week. Housejoy raised $22.5 million in Series B led by Amazon, Vertex Ventures, Qualcomm, Ru-Net, and Matrix Partners. The modular furnishings marketplace startup, Capricoast, has raised $3.5 in Series A led by Accel Partners India and RB Investments.
Another logistics company that received the funding injection is Blubirch, which raised $2 million from Chicago Capital Ventures and others.
In the education sector, two startups raised funding above a million dollars. Kooh teaches sports where as Springboard is a data science and UX design learning platform.
The full-stack foodtech startup, Eatfresh, which is a part of Ubiquitous Foods, has gobbled up a fresh round of funding.
[ Top 10 deals December 14-20]
Notable M&A of the week
