In the previous week, 23 Indian startups raised funding, out of which 18 received total funding of $107 million. Among those startups, Ather Energy raised the highest funding of about $35 million followed by WheelsEMI which secured a funding of $14.8 million. The remaining 5 Indian Startups ( GalaxyCard, Traya.health, ChopServe, Mitron Tv, and Lattu Kids ) didn’t disclose their funding amount.
Funding in Indian Startups (November 2-7)
Given below is a list of the Indian Startups that raised funding in the previous week:
Ather Energy
The Bangalore-based startup, Ather Energy Private Limited was established by Arun Vinayak, Swapnil Jain, and Tarun Mehta in 2013. The startup is a manufacturer of electric scooters and an electric vehicle charging network called AtherGrid. Ather Energy has raised $35 million (Rs 260 crore) in its Series D funding round led by Sachin Bansal. Existing investor, Hero MotoCorp has picked up preference shares worth Rs 90 crore in the EV maker.
Mobikwik
Mobikwik was founded in 2009 by a couple, Bipin Preet Singh and Upasana Taku. MobiKwik launched an e-wallet framework in 2012 that empowered clients to deposit cash online to use for bill payments and different features. It also offers financial services including loan, accident insurance, life insurance, fire insurance, IMPS money transfer, credit card bill payment, mutual funds, and DTH recharge. They likewise introduced the element of sending and accepting cash through a mobile app. The startup has raised $5.6 million as a part of its Series E round from Hindustan Media Ventures.
Letstransport
Lets transport a “Last mile” coordinations solution provider was founded by Ankit Parasher, Pushkar Singh, and Sudarshan Ravi in Bangalore in 2015. Their answers are dependable, professional, efficient, and organized to serve organizations as well as customers. They currently provide Tata Ace on demand as well as on an attachment basis. The startup raised around $7.6 million or Rs 56 crore from its existing investors in Series B Funding Round.
DocsApp
DocsApp is a mobile platform where individuals from India can consult a specialist MD Doctors within a short time in different specializations through a chat or call from the area of their comfort. The application offers tech-empowered multi-language services across India with in excess of 1,200 enlisted doctors on the stage, offering services like doctors on call, medicine support, and sample collection. The startup was founded in Bangalore in 2015 by Embasekar Dinadayalne and Satish Kannan. It has raised $8 million in a new funding tranche led by JAFCO Asia Tech Fund and Team Fund LP.
Rivigo
Rivigo was set up in 2014 by Deepak Garg and Gazal. The startup aspires to fabricate and associate India by making a community and agreeable environment where stakeholders will cooperate to manufacture an area which, contrary to its current state, will be known for its safety, reliability, transparency, precision, and the ability to create value for everyone. has secured $11.4 million in its Series G funding round from the existing backer Elevation Capital (formerly SAIF Partners).
Glow Road
GlowRoad is a social selling stage that gives earning opportunities to Indian women and private companies. The portable application permits online retailers and SMEs to bring in cash by promoting selected goods and services in their on the online and offline social network. The startup was set up by Kunal Sinha, Nilesh Padariya, Nitesh Pant, Shekhar Sahu, and Sonal Verma in Bangalore in 2017. Glow Road has raised $7 million in a fresh funding round from its existing investors making it the maiden financing for the Bengaluru-based firm in 2020.
Fedo
Fedo helps assemble the new age insure tech solution on an AI/ML stage that uses the intensity of deep tech and medical research to automate underwriting in the health and life insurance sector. The startup was founded in 2017 by Prasanth Madavana and Arun Mallavarapu. Fedo has raised $1 million in a pre-Series A funding round led by Unicorn India Ventures and a list of angel investors including former Max Bupa managing director & CEO Ashish Mehrotra.
Bizlog
Established in 2016 by HS Srinivasan, Krishnan Rajan, and E.V. Shunmugam, Bizlog offers services to numerous enormous corporates to startups in solving their returns management and reverse logistics issues. The startup has raised $1.62 million in a pre-Series A funding round led by IAN Fund. Companies like Bizlog present sustainable solutions to the e-waste problem and are the need of the hour.
Routematic
Routematic has spearheaded the innovation coordinated fleet solution for the employee transportation market and has set up a leadership position. The startup was founded in 2007 in Bangalore by Sriram Kannan and Surajit Das. Bosch’s India unit has invested $2 million (Rs 14.8 crore) in urban mobility startup Routematic at a valuation of $28 million.
TurboHire
TurboHire Technologies is an Intelligent Recruitment stage that spends significant time in talent acquisition and candidate discovery. It centers around changing the manner in which organizations are recruiting with the assistance of AI and data sciences. Hyderabad-based AI-driven recruitment platform TurboHire has raised $1 million in seed funding from a series of institutional and individual investors. The startup was founded by Abhishek Kabra, Aman Gour, Deepak Agrawal, Gaurav Kumar, and Rakesh Nayak in March 2019.
Eggoz
Eggoz is a brand of new and chemical-free eggs, produced in tech-empowered and nutrition engineered deep integration partnerships with farmers. Farmers are on-boarded to a streamlined program where they get specialized and veterinarian warning help: Happy Hen, Healthier Eggs! The startup was established by Abhishek Negi, Aditya Singh, Pankaj Pandey, and Uttam Kumar in Indore in 2016. Eggoz has raised $1.5 million in a pre-Series A funding round from Avaana Capital and Rebright Partners.
WheelsEMI
WheelsEMI is a master in financing used Two Wheelers. Utilizing a restrictive underwriting tool, WheelsEMI can sanction loans to clients with absolute minimum documentation. The startup was founded in 2017 in Pune by Karunakaran Vadakkepat and Srinivas Kantheti. WheelsEMI has raised $14.8 million in series C funding amid rising demand for used two-wheelers post the pandemic.
Charcoal Eats
CharcoalEats FoodTech is an Indian restaurant network that delivers quality, consistent, authentic, modern Indian flavors to its supporters across the nation across tidbit and supper times at affordable prices. The startup was founded in 2015 in Mumbai by Anurag Mehrotra, Krishankant Thakur, and Mohammed Bhol. CharcoalEats has raised $2.16 million in a funding round led by Lokmat Investments.
Gully Network Retail
Gully Network Retail was founded in 2019 in Bangalore by Ajay Nain. The tech-empowered stage of the startup deals with the entire chain (Sales, Margins, Automatic Inventory Replenishment, Finance, and Merchandising) for the retailers and produces extra pay other than their primary business. The startup ensures an increase in the net income of retailers with no day to day hassles.
Ajna Lens
Maharashtra based startup, Ajna Lens was established by Abhijit Patil, Abhishek Tomar, and Pankaj Raut in 2014. AjnaLens first comprehends the climate by detecting the depth of surroundings and afterward makes a real-time mesh of it. It at that point enhances any 3D digital hologram in real life. The startup has raised $1 million in a bridge round led by Oman-based conglomerate Mohsin Haider Darwish (MHD) Group and angel investors from India.
Stones2Milestones
Stones2Milestones is a startup based in Gurgaon in December 2008 by Nikhil Saraf. The attention is on empowering the skill to make reading simple and also on developing the will to make reading enjoyable. As the window for this intervention is from age 3 to age 9, they incorporate this program with the early school educational plan. Besides providing this to schools, they also equip the parents to support this growth in their children. The startup has raised around $2.56 million in a bridge funding round led by Unreasonable Capital and Goldhrish Foundation.
Charge+Zone
Vadodra based startup, Charge+Zone was founded by Kartikey Hariyani in July 2018. CHARGE+ZONE is a tech-driven EV Charging framework organization specializing in B2B and B2C charging services on both devoted and opportunity based charging utilizing the smart grid network. The startup has raised $3 million in pre-Series A round led by Venture Catalysts.
Tamasha.live
Mumbai based startup, Tamasha.live was founded in July 2020 by Siddharth Swarnkar and Saurabh Gupta. It is an influencer-led live gaming stage where content creators and social media influencers can host live internet games that will have genuine prizes in real prizes for champs at the cost of a small registration fee. Influencer-led live social gaming platform Tamasha.live has raised $0.33 million from 9Unicorns, Kunal Bahl, Rohit Bansal, and FirstCheque.
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