In the previous week (August 10 – 15), 12 Indian startups raised funding, of which 9 received about $24 million collectively. Among them, upGrad raised the most elevated funding of about $6.7 million followed by Eduvanz, which raised $5 million Here is the complete list of funding in Indian startups last week (August 10 – 15):
upGrad
upGrad, is an online, education company based out of Mumbai by Ronnie Screwvala, Mayank Kumar, Phalgun Kompalli, and Ravijot Chugh. It provides different online courses that offer customized support with the top tier workforce and industry experts. The company provides programs in areas of data, technology, and management in order to help college students and job seekers achieve their career goals. Edutech firm upGrad has brought $6.7 million up in an obligation financing round from IIFL Income Opportunities Fund.
Eduvanz Technology
Eduvanz Technology, a Mumbai-based finance company, was established in 2016 by Varun Chopra. The company has made education easily accessible by giving simple and rapid monetary help to individuals by using advanced technology solutions. The company has managed to raise around $5 million in a Series A round led by Sequoia Capital India. From seminars on Big Data and Artificial Intelligence to training sessions for carpentry and welding to English speaking courses, Eduvanz offers financing for an expansive scope of alternatives by collaborating with in excess of 80 organizations.
HomeLane
HomeLane was established in 2014 by Srikanth Iyer, Vivek Parasuram, and Rama Harinath in Bangalore. It is a home interiors company that helps clients with customizing residential interiors. The company has a successful delivery rate of around 4000 projects promised to assist its customers in making their dream house. It also offers customized design services to every client at no additional expense. HomeLane, will be receiving a fund of $3.72 million from its current speculators Evolvence India Fund (EIF), JSW Ventures, Sequoia Capital India, and Accel.
BigHaat
BigHaat is an agri-commerce startup that allows the client to shop for seeds, crop protection nutrients, crop protection solutions, and agro instruments. The company accepts orders online and salespeople directly interact with the farmers in case of any issues. BigHaat has managed to raise over $2 million up in pre-Series A funding round with investors including Rockstud Capital, BigHaat’s current speculator Ankur Capital, and Angel Investors.
Zip Loan
Zip Loan offers business credits to independent ventures up to INR 1-7.5 lakh which can be reimbursed in simple installments. The company’s credit offers for independent ventures are designed in a way to help them expand and grow. The distinctive business credit offers include incorporating hardware loans, working capital loans, term loans, and Flexi business loans. The company does not ask for any collateral in order to grant a business loan. You can apply for a loan online by visiting the website or directly through the company’s mobile app. Stride Ventures has led a debt round of $2 million in Zip Loan.
Hunger Box
Hunger Box was established in 2016 by Sandipan Mitra and Uttam Kumar with a dream to reform the corporate cafeterias and food courts. The vision eventually changed into arrangements that upgraded client experience and reformed Corporate F&B activities. It additionally gives highlights like personalized recommendations to the employees through its AI-driven innovation technology, provides health mode for the employees concerned about their health. HungerBox has raised $1.56 million from financial specialists including One97, Saber Partners Trust, Pratithi Investment Trust, and Singapore-based Srihari Kumar.
City Cash
CityCash was established in 2017 by Vineet Toshniwal. The organization’s foundation structures, sends and operates low cost online and offline payment technologies concentrated on the underserved space of high volume low-esteem payments, empowering customers to make India credit only and offer computerized installments for everybody. It has managed to raise its seed funding round of $1 million from Orios Venture Partners.
DocSumo
Mumbai based startup, DocSumo was established in 2019 by Bikram Dahal and Rushabh Sheth. It takes information from records, for example, solicitations, receipts, and structures and feeds that information straightforwardly to a CRM, ERP and accounting software. It lessens the time spent on data entry and expands the precision of the caught information. Utilizing AI, Docsumo has eliminated the need for manual arrangement or formats. The company has raised $0.22 million up in a seed subsidizing round from Better Capital and others.
Terra.do
Terra.do was started in April 2020 by Anshuman Bapna, Mayank Kapadia, and Mayank Jain with the aim to address climate change and to put coordinated efforts across geographies, different sectors, and individuals to create a long-term solution for it by offering a course on understanding the problem. This learning experience will assist you with building up the information, and the basic thinking, expository and synergistic aptitudes that you need to have to work on climate mitigation and variation/versatility anywhere in the world. Terra.do has raised funding of about $1.4 million in a Seed A funding round driven by Stanford Angels and Entrepreneurs (India), BEENEXT Emerging Asia, Rainmatter Capital, and other holy messenger financial specialists.
DaveAI, Fitspire and Cusmat, the remaining three startups, did not reveal their money related subtleties. This was a roundup of the funding in Indian startups last week.
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