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$200 Million Funding Received for Food & Health Tech

January 12,2019

Indian startups raked over $230 million in funding this week, up by 68 percent from the previous week. Foodtech, healthtech, accommodation and edtech saw strong investor interest this week.Cab aggregator Ola, however, stole the limelight. A source in the company told YourStory that the company is looking to raise $2 billion, of which it raised $74 million this week from Hong Kong-based Steadview Capital.

Venture capital firms, too, were in focus this week with early-stage venture fund Matrix Partners India raising its third fund of over $300 million. Flipkart Co-founder Binny Bansal made a strong impression, raising close to $32 million for a venture capital fund - 021 - where he is the anchor investor. Homegrown private equity firm ChrysCapital completed the fundraising process for its eighth fund, overshooting its hard cap of $850 million, according to media reports.

Destek Infosolutions receives seed funding:
Pune-based startup Destek raised a seed funding of Rs 10 crore from a clutch of Mumbai-based angels. The funding will go solely into Legalnextt - a communication, collaboration and practice management platform it developed for lawyers and law firms. The tech-led platform consists of city-wise and state-wise forums of lawyers from all over India and allows them to network over ideas and opportunities.