In the previous week, 21 Indian startups raised funding, out of which 17 received total funding of $299 million. Among those startups, Zenoti raised the highest funding of about $160 million followed by LeadSquared which secured a funding of $32 million. The remaining 4 startups ( Fleeca, Hudle, OnlineSales.ai, and Spice Money ) didn’t disclose their funding amount.
Funding in Indian Startups (December 14-19)
PagarBook
PagarBook was founded by Adarsh Kumar and Rupesh Mishra in December 2019. PagarBook has more than 4 million SMEs enlisted on the platform, who use the application to resolve their staff management challenges. It has figured out how to develop to cover 6000+ pin codes across India, launching in 10+ Indian dialects. Across salary management attendance recording, advance salary solutions, and payroll management, PagarBook helps business owners save time, the only irretrievable commodity. The startup has raised $15 million in its Series A funding round led by existing investors Sequoia Capital. The round also saw participation from India Quotient.
Wakefit.co
Wakefitkart is a sleep and home solutions organization that produces quality mattresses at moderate costs. Its mattress is built on the parameters of pressure and weight distribution, foam quality, and stress testing and is sold through its eCommerce stage that empowers clients to have a comfortable sleeping mattress at an affordable price. The startup was founded in 2016 by Ankit Garg and Chaitanya Ramalingegowda. The startup has raised $25.31 million in its Series B round of funding led by Verlinvest and Sequoia Capital India.
Shiprocket
Shiprocket, a product of Delhi-based BigFoot Retail solution is India’s first automated shipping software that aims to reduce eCommerce shipping to its bare bones. The startup has tied up with different courier companies to give a single platform where e-tailers can manage multi-channel orders and ship multichannel orders without any problem. One can print bulk shipping labels and ship the products in and around the world using a single platform. The startup has raised $7.5 million more in its Series C round from March Capital and existing backer Tribe Capital LLC.
Hashnode
Hashnode is a free content creation platform and network that permits you to publish articles on your own domain and encourages you to remain connected with a growing developer community. The startup was founded in December 2015 by Sandeep Panda and Syed Fazle Rahman. Hashnode has raised $2.1 million in a funding round led by Sequoia Capital India’s Surge.
Arya
Launched by Rao, Chattanathan Devarajan and Anand Chandra, Arya offers storage, warehouse management, embedded finance, and market linkages to agricultural producers and buyers across India. Arya’s customers incorporate farmers, farmer producer organizations (FPOs), financial institutions, SME Agri processors, commodity traders, and corporate agribusinesses. Agritech startup Arya has raised $21 million in a mix of equity and debt in its Series B round. Quona Capital led the equity round in participation with existing investors LGT Lightstone Aspada and Omnivore.
Delhivery
Delhivery is a supply chain services organization that provides transportation, warehousing, freight, and order fulfillment services. It aims to build trust and improve the lives of its purchasers. The startup was founded in May 2011 by Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, and Suraj Saharan. Delhivery has scooped up $25 million through a secondary transaction from alternative asset management firm Steadview Capital.
LeadSquared
LeadSquared was founded in 2012 under MarketXpender services and launched in 2013 by serial entrepreneurs Patel, Sudhakar Gorti, and Prashant Singh. It is a complete sales execution, marketing automation, and field force management platform that centers around influencing client excursions and driving efficiency from sales touchpoint, group, and channel. LeadSquared has raised $32 million in a Series B round led by private equity firm Gaja Capital. Existing investors Stakeboat Capital and Silicon Valley-based entrepreneur Jyoti Bansal also participated in it.
Bira91
Bira 91 is a modern beer brand that gives flavorful beers to the new world. The organization fabricates a strong portfolio of essential beers and drives the global shift in beer towards more tone and flavor. The startup was founded by Ankur Jain in 2014. Bira 91 has raised $1.26 million from a clutch of angels including Pankaj Chaddah, Shikha Sunil Chandak, and Nishant Mittal.
Cover It Up
Cover It Up is the main shopping entrance in India. Tied up with all the significant establishments, the startup aims to bring the best, everything being equal, with their own style. Chennai-based pop-culture merchandise startup Cover It Up has raised $0.47 million in seed funding. The startup was founded in December 2018 by Ronak Sarda and Tilak Sarda
FoodyBuddy
FoodyBuddy was founded in 2015 by Akil Sethuraman, Anup Gopinath, and Rachna Rao. It is a platform that connects people who are passionate about food and interested in buying or selling home-cooked food. Rebel Foods has picked up a 14% stake in hyperlocal food networking firm FoodyBuddy with an investment of $0.67 million.
Oliva
Established in 2008 by Dr. Prashant Soma, the stage as of now operates 23 clinics in 7 Indian cities and has treated more than 2,50,000 clients over the years. The organization has more than 80 in-house dermatologists and trichologists. Venture debt fund BlackSoil has invested $1.3 million from its new alternative investment fund Blacksoil India Credit Fund in dermatology clinics chain Oliva
Zenoti
Zenoti provides an all-in-one, cloud-based software solution for the spa, salon, and med spa ventures. The framework bolsters huge spa, salon, med spa, and fitness chains with the devices to expand the organization while increasing unit-level performance. The startup was founded in 2010 by Anand Arvind, Dheeraj Koneru, and Sudheer Koneru. Zenoti has raised $160 million in a Series D round led by US-based private equity firm Advent International, along with participation from existing investors Tiger Global and Steadview Partners.
Countingwell
Established in 2018, Illuminati has as of late dispatched the Countingwell application on Google Play and the Apple app store. The startup uses a daily ‘maths workout’ for a 20 minutes idea. The Countingwell application right now targets middle school children in classes 6-8 and is lined up with the CBSE and NCERT educational plan. Ed-tech startup Countingwell has raised a pre-series A funding round of $1 million from investors like Delhi Private School, UAE and other angel investors.
Pickrr
Established in 2015 by Rhitiman Majumder, Gaurav Mangla, and Ankit Kaushik, Pickrr is an end-to-end plug-n-play logistics solution for eCommerce sellers and D2C brands that need to ship anything the nation over. Logistics company Pickrr has raised $4 million in a round led by Guild Capital and Omidyar Network India.
LOGIQ
Established in 2019, LOGIQ can be facilitated as a self-service or managed SaaS, claims to give the most extreme flexibility to the client. A portion of its USPs incorporates unified view, predictable pricing, one-click setup, and zero tax storage management tax. Artificial intelligence-based observability platform LOGIQ has raised $1.8 million in a seed funding round led by Leo Capital.
Callify.ai
Established in 2016 by Chetan Indap, Callify is an industry-rationalist, voice-powered technology for working experts that empowers them to automate their day by day outbound telephone interactions through cutting edge technology, for example, speech AI and virtual assistant. Callify.ai has raised $0.56 million in a seed funding round led by angel investment firm Malpani Ventures
BiteSpeed
BiteSpeed was launched last year in 2019 by BITS Pilani alumni, Apoorv Sadana and Kshitij Abhishek. Brands on Shopify have been attempting to viably communicate with their clients through email due to which their sales figures were stagnant or falling. BiteSpeed presents to them an effective solution by empowering them to chat with their clients on a coordinated premise utilizing mobile applications like WhatsApp and Facebook Messenger. Gurugram-based conversational commerce platform BiteSpeed has raised $0.27 million in a seed funding round led by Whiteboard Capital.
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