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

By Sneha Banerjee

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

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 provider Qwikcilver has 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-founder Kris Gopalakrishnan, Saha Fund and existing investors. The company is dedicated to socio-economic development of cooperatives and community based organizations through various technology innovations.
Sneha Banerjee

Entrepreneur Staff

Former Staff, Entrepreneur India

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

Science & Technology

Why You Should Incorporate AI into Your Business — and How to Do It the Right Way

The proliferation of generative AI tools has made the technology ever more accessible and relevant. Here's how you can apply it to your business as well.

Business Solutions

Upgrade Your AI Skillset with This $30 E-Degree

This deal features a collection of courses on ChatGPT, Gemini AI, and other leading machine-learning areas for growing professionals.

Management

5 Delegation Strategies To Help You Flourish With Less Stress

By excelling at these five delegation strategies, you can achieve higher production with less stress.

Leadership

How To Embed Your Client Needs into Your Business DNA

Integrating client feedback into the very fabric of your business operations will keep your clients returning for more.