[Weekly funding roundup] July ends on a muted note as Indian startups raised about $63M
Summary
Edtech startup Toppr raised Rs 350 crore in Series D funding led by Foundation Holdings, with participation from existing investors, including Kaizen Private Equity. IIT-Madras incubated startup Muse Wearables raised Rs 22 crore to launch its wrist tracker that can detect COVID-19 symptoms at an early stage. VilCart, a tech startup that enables retailers in villages and small towns to order consumer goods digitally, raised a bridge funding round. Co-founded by Keralite entrepreneur and Invisalign’s former Global Head of Product Management and Innovation Ren Menon, the startup also unveiled a suite of clear aligner technologies, coupled with a doctor-friendly financial model. In a bid to expand its product offering to millennials, Bengaluru-based digital banking fintech startup Niyo acquired Goalwise, a new-age mutual funds investment platform.