Mind The Gap By Freshchat

Last week, nine startups raised $205.39 Mn funding and one startup acquisition took place in the Indian startup ecosystem. (This funding report is based on startups that disclosed funding amount.) The largest funding round was raised by Gurugram-based online grocery startup Grofers. It raised a $200 Mn in Series F round led by SoftBank Vision Fund. The company also raised capital from existing investors Tiger Global and Sequoia Capital as well as new investor KTB. Grofers is looking to utilise the funding to expand into new markets, build out its supply chain, improve warehousing infrastructure and expand its private label portfolio. Mumbai-based fashion retail startup Disrupt raised an undisclosed amount in Pre-Series A funding from Fynd cofounders Harsh Shah and Farooq Adam Anil Gelra and Mumbai-based VC firm First Cheque. The funds will be used to further invest in strategic collaborations, research and development, executive appointments, talent acquisition and offline retail expansion. Further, the funds