Mind The Gap By Freshchat

In total, this week, 11 startups raised $136.5Mn funding and three startup acquisitions took place. One of the biggest funding rounds in the Indian startup ecosystem was Seattle and Pune-based software company Icertis. It raised $115 Mn in a funding round led by US-based venture capital firm Greycroft and PremjiInvest. With this round, the company has achieved a valuation above $1 Bn and joins the ranks of SaaS unicorns such as Freshworks and Druva. The company said it will utilise the capital to strengthen its product, invest in new technologies such as blockchain, artificial intelligence, and machine learning and expand its global footprint. Gurugram-based online grocery delivery startup Grofers received an infusion of $14.2 Mn from its Singapore-based entity, Grofers International. With this investment, Grofers International has been allotted 812 equity shares in the grocery delivery startup. The company has also raised an additional $10 Mn in its ongoing Series F round. This investment has come from an A