Delhi-NCR startups lead funding activity in tepid week

12 Nov, 2016


Startup funding activity was muted this past week as only six startups raised venture capital and two companies secured angel or seed-stage investments.

The big-ticket deals involved two Gurgaon-based companies--property search aggregator Square Yards Consulting receiving $12 million in venture capital from a private equity arm of Anil Ambani's Reliance Group and multi-lingual test preparation startup OnlineTyari raising $3 million in a Series A round of funding led by Michael and Susan Dell Foundation.

In another deal, Delhi-based jobs portal iimjobs.com raised $2 million in a Series A round of funding from India Quotient Fund, Calcutta Angels and others.