Mind The Gap By Freshchat

This week, seven startups raised $23.37 Mn funding and two startup acquisitions took place in India. Good times! Let’s start with the biggest funding of last week, raised by Gurugram-based used car marketplace Spinny. It raised $13.2 Mn in Series A funding round led by Accel and SAIF Partners. Existing investors such as Blume Ventures and Simile Ventures had also participated in the round. The fresh funds will be used to strengthen its team across functions, improving inventory assortment and expanding the coverage and presence to newer locations. Noida-based edtech startup XploraBox raised $1 Mn in a Pre Series A funding round from Green Shoots Capital, Sucseed Ventures, JITO Angel Network, SWAN Angel Network and other angel investors including IIM alumni. Existing investor Metaform Ventures, USA, also participated in this round. The funds will be used to scale up in India, US and GCC countries. Bengaluru-based end-to-end home design and decor service provider Livspace raised an undisclosed amount from IKEA