Mind The Gap By Freshchat

In total, this week, 15 startups raised $378.77 Mn funding and four startup acquisitions took place. One of the biggest funding rounds in the Indian startup ecosystem was raised by Druva, marking the entry of cloud data protection firm in the unicorn club. Druva raised $130 Mn in a funding round led by Viking Global Investors. The funds will be used to invest in innovation as well as for strategic acquisitions. Bengaluru-based healthtech platform Practo raised $17.2 Mn (INR 120 Cr ) from Trifecta Capital and other internal investors. The company had floated an offer of INR 70 Cr ($10 Mn) debt from Trifecta. The first tranche has come in this month and the second tranche is expected to come in by December 31, 2019. Bengaluru-based agritech platform Ninjacart raised $10 Mn to close its ongoing Series C round from a clutch of investors, including company’s existing investors Tiger Global, debt venture fund Trifecta Capital, along with Tanglin Venture Fund, Steadview Capital, and ABG Capital. The company will use