Funding Galore: Indian Startup Funding Of The Week [18- 23 May]
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India, May 23 -- We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!
In one of the biggest funding rounds this week, Bengaluru-headquartered business ledger app Khatabook has raised a $60 Mn (INR 454 Cr) in a Series B funding round led by B Capital, an investment firm founded by Facebook cofounder Eduardo Saverin.
Khatabook is looking to deploy the funding to build its financial services products. It is also looking to work with the government and other financial institutions to strengthen their market position.
Overall, 14 startups raised around $76.6 Mn funding and one startup acquisition took place in the Indian startup ecosystem this week. (This funding report is based on startups that disclose...
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