Funding raised by startups this May.
                     Funding Raised 
by Startups this 
May
The most recent couple of months have seen 
an obvious dunk in the speculations, and new 
businesses have been battling with their 
INTRODUCTION leftover income. 
Be that as it may, there are a couple of new 
businesses who have figured out how to bring 
assets up in such exceptional occasions. 
Source: Google Images
1. 
Source: Google Bira91
Images
Bira91, the specialty brew startup, 
brought $30 million up in April from 
Sequoia India and Belgium-based 
venture firm Sofina as a feature of its 
continuous Series C round. 
Source: Google 2. Fittr
Images
Prior in April, Pune-based wellness 
startup Fittr (once known as SQUATS 
Fitness) brought $2 million up in Pre-
Series A subsidizing from Surge. Fittr 
was established in January 2016 by 
Software Engineer Jitendra Chouksey. 
3. 
Source: Google Nykaa
Images
Mumbai-based online excellence turned-
omnichannel way of life retailer Nykaa, in 
May, raised Rs 66.64 crore from its current 
essential financial specialist Steadview 
Capital. With the said venture, Nykaa is 
currently esteemed at $1.2 billion, in this 
way entering the startup unicorn club. 
4. 
Source: Google Shiprocket
Images
In the long stretch of May, tech-empowered 
coordinations aggregator for D2C venders 
Shiprocket reported its Series C financing round of 
$13 million (Rs 100 crore). 
The round was driven by Tribe Capital – a Silicon 
Valley-based venture firm, Innoven Capital, and 
existing financial specialist Bertelsmann India 
Investments. 
Source: Google 5. SARVA
Images
Yoga and health startup SARVA reported that it had 
raised an undisclosed measure of subsidizing from 
US-based VC Fund Mantra Capital, and its key 
accomplice Patni Family in the most recent seven 
day stretch of April. 
As indicated by the startup, the newly raised 
finances will be utilized to quicken its advanced 
impression. 
Source: Google 6. Mintoak
Images
Mumbai based fintech startup Mintoak has raised 
near $2 Mn (INR 15 Cr) in its Pre-Series A financing 
round drove by Pravega Ventures. 
Mintoak plans to use the fundings to reinforce the 
innovation stage and recruit more individuals. 
Source: Google 7. Clover
Images
Bengaluru-based agritech stage Clover has raised 
$0.9 Mn (INR 7 Cr) in adventure obligation from 
Alteria Capital. The startup had as of late raised 
$5.5 Mn Series A from Accel, Omnivore, and 
Mayfield in February 2020. 
The store will be used to assist the startup with 
enhancing the flexibly chain for nursery developed 
new produce.
Source: Google 8. HAPPY
Images
Mumbai-based loaning startup HAPPY raised $1 Mn 
(INR 7.5 Cr) from US-based cloud-based 
programming supplier DCR Workforce Inc under 
water. 
As a major aspect of the arrangement, HAPPY has 
given 750 debentures to DCR Workforce. The cost 
per debenture remained at INR 1 Lakh for every 
debenture. 
Source: Google 9. Rooter
Images
Sports community stage Rooter brought $1.7 Mn 
up in Pre-Series A subsidizing round from 
computerized installments stage Paytm, Adidas 
family upheld finance leAD Sports, Rockstud 
Capital and Founder Bank Capital, a beginning 
time venture arm of RB Investments. 
Source: Google 10. DocsApp
Images
Bengaluru-based online specialist 
discussion stage DocsApp has raised $9.5 
Mn (INR 72.5 Cr) from Bessemer Venture 
Partners India, Fusian Capital, Rebright 
Partners and Milliways Fund LLC.
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