Weekly Roundup : Here Are Startups That Managed To Scoop Funds This Week!List includes, Byju, Byndr, Qwikcilver, GoCoop and others

BySneha Banerjee

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While the biggest startup news of the week was Flipkart sealing the deal with Jabong, there were a handful of startups that made news as they managed to scoop new round of funds. Some very innovative as well as Series-B category startups managed to initiate new funding talks.

Here are a couple of them-

  • Byju's learning app,India's largest edtech startup, is close to raising another $50 million of new funds, close on the heels of raising $75 million in March from Sequoia Capital & Sofina. The freshly raised funds will be deployed to fuel international expansion and inorganic growth through global acquisitions, the company said. The markets that the company already has a presence in are India and the Middle East, and will enter United States, UK and other commonwealth countries over the next few months.
  • Giftcard solution providerQwikcilverhas raised around an undisclosed amount in its latest funding round led by Sistema Asia Fund, the proprietary fund of Russian conglomerate Sistema JSFC and other existing investors.
  • Infosys co-founder Nandan Nilekani has yet again placed his bets on a startup, and this time it is Bengaluru-based 10i Commerce Services.
  • Another edtech startup Byndr raised $700,000 in seed funding from Ben Franklin Technology Partners and a group of angel investors.
  • GoCoop has closed a Series A round of funds from leading investors including Infosys co-founderKris Gopalakrishnan, Saha Fund and existing investors. The company is dedicated to socio-economic development of cooperatives and community based organizations through various technology innovations.
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Sneha Banerjee

Entrepreneur Staff

佛rmer Staff, Entrepreneur India

She used to write for Entrepreneur India from Bangalore and other cities in South India.

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