India funding round-up: Snapdeal, OYO Rooms, Swajal, iOrderFresh, Glowship

Over US$5 billion of venture capital funding flowed into Indian startups last year. This year, the deals are coming thicker and faster. So we thought it would be useful to start a daily digest of startup funding in India.

Here’s today’s funding round-up:

Snapdeal

Snapdeal secured US$500 million from Foxconn, Alibaba, and SoftBank. It is an ecommerce platform that began as a hyperlocal deals marketplace. Its owner, Jasper Technologies Pvt Ltd, was incorporated in 2007 in New Delhi. Snapdeal was co-founded by Rohit Kumar Bansal and Kunal Bahl.

OYO Rooms

Hotel accommodation aggregator OYO Rooms raised US$100 million from SoftBank and existing investors Sequoia Capital, LightSpeed Venture Partners, and Greenoaks Capital. Ritesh Agarwal founded the startup in 2012 in New Delhi.

Swajal

A water purification solutions firm, Swajal, raised US$1.2 million in Series A funding from Abhishek Gupta of TLabs along with Saurya EnerTech. The Gugaon-based startup was founded by Vibha Tripathi in 2011. It aims to tackle the challenge of water scarcity and make clean water accessible to everyone.

iOrderFresh

A mobile grocery and food retailer, iOrderFresh raised INR 64 million (US$1 million) from Alkesh Tandon of Best Foodworks, an investment company. Tandon now owns a minority stake in the startup. iOrderFresh was founded in New Delhi by Nitin Sawhney in November of last year.

Glowship

Glowship.com, an online marketplace for energy and environment related products, solutions, and services raised an undisclosed amount of funding. The round was led by Infuse Ventures. Infuse Ventures is housed at the Centre for Innovation, Incubation, and Entrepreneurship at Indian Institute of Management, Ahmedabad and is backed by the Indian government’s Ministry of New and Renewable Energy, among others. Glowship.com was founded earlier this year in Bangalore by Srinivas Potukuchi.