In the previous week, 28 Indian startups raised funding, of which 19 received total funding of about $42.4 million. Among them, Avail Finance raised the highest funding of about $11.8 million followed by MedLife, which raised $6.8 million. Meanwhile, the funding of 9 Indian startups remains undisclosed.
Avail Finance
Avail Finance is a mobile platform expecting to monetarily incorporate the urban mass of India. It offers clients speedy and simple access to loans with adaptable reimbursement alternatives. The company is situated in Bangalore, Karnataka, and was established in 2017 by Ankush Aggarwal and Tushar Mehndiratta. They have raised funding of around $11.8 million in Series B Funding Round led by Alphawave Incubation and Matrix Partners.
MedLife
MedLife, a Bangalore based company, was started in 2014 by Prashant Singh and Tushar Kumar with an aim to provide the best healthcare facilities to each and every citizen of the country at affordable rates. The online pharmacy has managed to raise funding of around $6.8 million from Ivy Icon according to the Ministry of Corporate Affairs.
Gamezop
Founded in 2015 by siblings Yashash Agarwal and Gaurav Agarwal, Gamezop is one of those Indian startups that deals with versatile gaming and works unpredictably to increase the user base. Unlike, other competitors in smartphone gaming, it is not mandatory to install the gaming app in order to access the games. Gamezop doesn’t assemble its own games. It utilizes innovation to make the game work in low bandwidth areas and works with AWS to scale the cloud framework. The mobile gaming platform has raised funding of $4.3 million in Series A Funding Round led by BITKRAFT Ventures last week.
TrueFan
Founded by Nimish Goel, Nevaid Aggarwal, and Devendar Bindal in January 2020, TrueFan is another one of the Indian startups to score funding this week. It is a platform through which fans can interact with celebrities. The platform organizes several quizzes related to celebrities and the winner gets a personalized video message from that particular celebrity. Mumbai based fan engagement startup has raised a funding of around $4.3 million in a Seed Round of funding led by investors like Ronnie Screwvala, Mayfield India, and Saama Capital.
Virohan
Gurugram based healthcare vocational startup, Virohan was founded by Archit Jayasal, Kunal Dudeja, and Nalin Saluja in May 2018. The startup is committed to providing dynamic occupations to youth coming from a low-salary background. The aim is to make India’s biggest healthcare vocational training company which is focused on providing results. It has raised $2.8 million in a Seed Funding Round led by Keiretsu Forum and Series A Funding Round led by Elea Foundation for Ethics in Globalization, Singh Family Trusts with participation from Founders and National Skill Development Corporation.
IDfy
IDfy is a startup helping organizations grow without getting involved in illegal activities. The company has introduced a fraud detection plan to 200 customers across money related administrations like insurance, fintech, loans, Mastercards, payment gateways, and new economy organizations, for example, taxi aggregators, tenancy among others. The Mumbai based online fraud detection platform has managed to raise a funding of around $2.1 million from existing investors namely Millenna FVCI III, NB Ventures, and Dream Incubators as a part of its Series A Funding Round.
Otipy
Gurugram based startup Otipy was started in 2016 by Varun Khurana, Prashant Jain and Vinay Mittal. It supplies fresh fruits and vegetables to over 5,000 retailers which is sourced from ranchers across Haryana, UP, Delhi, Gujarat, Himachal Pradesh, Karnataka, Rajasthan, and Maharashtra. It has raised a funding of around $1 million from Inflection Point Venture, an early-stage investment firm.
True Balance
True Balance, a Gurugram based startup was founded in July 2014 by Cheolwon Lee, Chae Yong Yi, and Kyoo Sung Choi. It is a computerized wallet owned and operated by Balancehero India Private Limited (BHI), that empowers clients to get access to Utility Bill Payment, loan recharge, insurance, and other monetary items. It has raised $887K from South Korea based Balancehero according to the latest reports.
Bira91
Bira91 is the only beer brand with affordable prices starting from Rs.99/300ml. It became a blockbuster brand with sales surging from 150,000 cases in its launch year to an anticipated 700,000 cases in 2016. The company has raised a funding of $764K from Anicut Capital through equity shares.
MaxWholesale
Delhi based startup, MaxWholesale was founded in June 2016 by Rohit Narang and Samarth Agrawal. The company’s exclusive calculations assist you with foreseeing your interest, acquire better, bigger assortment, and all the more dependably, lessen wastage, and empower you with the correct working capital based on your payment history. It is India’s first online B2B stage for sourcing all stock requirements for neighborhood General Store vendors. The company has raised $603K from Al Falaj Commercial Investment Co and Vistra ITCL India (trustee for IAN Fund-I)
Craftsvilla
Monica and Manoj Gupta founded Craftsvilla, an e-commerce platform for Indian handicrafts in 2011. It utilizes a commercial center model to catch the regional variations in India. The company connects craftsmen and designers directly with worldwide clients and subsequently, by increasing their livelihood, eliminates brokers, and thereby preserve our culture, conventions, and qualities. Craftsvilla has raised $409K through equity from Super Investments according to the latest reports.
MechMocha
Bangalore based startup MechMocha was founded in 2014 by Arpita Kapoor and Mohit Rangaraju. It is a social gaming platform where users can get the opportunity to interact with different people while playing games. The startup proceeds to intensely put resources into a coordinated innovation stage with forefront capacities in social examination, multiplayer, LiveOps, and monetization. The startup has raised a funding of around $292k in its Series A Funding Round led by Accel India, Blume Venture, 3F Ventures, and Akatsuki Inc.
Mindhouse
Mindhouse, founded in 2019 in Gurugram by Pankaj Chaddah and Pooja Khanna, offers experimentally supported modern meditation techniques, accompanied by interactive sessions on their app. Regular meditation and interactive sessions increase productivity and result in benefits like better sleep, improved focus, and a healthier mind and body. The company has raised funding of around $286K from Better Capital and a group of Angel Investors.
DeepSync
Deepsync intends to scale present-day content by augmenting the human voice. The startup provides a voice cloning technology that permits individuals and organizations to make better voice encounters. The startup was founded in 2018 in Bangalore by Ishan Sharma and Rishikesh. It has managed to raise $136K from Grand Anicut Angel Fund (GAAF), AL Trust, Beeline Impex Private Limited, 9Unicorns, and Accelerator Fund.
Tracxn
Tracxn utilizes enormous information and artificial intelligence to follow organizations and provide information related to more than 250 technology sectors, more than 600 emerging themes, and over 30 nations. The business tracking portal, Tracxn, has raised $887K from SAIF Partners and other investors in Series B Funding Round.
Purple Style Labs
Mumbai based startup, Purple Style Labs (PSL), started in 2015 by Abhishek Agarwal, is a premium fashion house. The company aims at constructing an exhaustive omnichannel style stage that is dominatingly centered around meeting the fashion needs of Indians over the world. Luxury fashion house PSL has raised $43K from multiple Angel Investors.
ProPhysio
Pro Physio Healthcare Pvt. Ltd was incorporated in December 2019 by Bhagwathi Nambirajan Yadav, Pratima Nagpal, and Pramod Ravindra in Bangalore. The organization operates a chain of 31 rehabilitation centers and offers elevated expectations of health care services through a group of multiple disciplines at affordable rates, helping clients with their current issues just as injury prevention measures. The startup has raised a funding of around $40.9K from Nestavera Ventures.
Flickstree
Flickstree is an Indian startup creates short captivating video recordings. Recordings incorporate entertainment content, content related to the promotion of performance, and content created by the user. These video recordings are available in multiple local languages. OTT stages and telecom organizations permit these recordings as well. The company was started in 2014 in Mumbai by Nagendra Sangra, Rahul Jain, and Saurabh Singh. It has raised $40.9K in its Series A Funding Round led by Optimise Media Group’s Laxmi Datt Sharma.
Gradeup
Gradeup is where understudies can find solutions to their questions, can evaluate their preparation among a huge number of different understudies, and offer/find learning assets. The startup was founded by Sanjeev Kumar, Shobhit Bhatnagar, and Vibhu Bhushan in 2013 in Noida. The company has managed to raise a funding of $546K from Times Internet Limited. From offering contribution in planning the strategy of the business and as well as sales to exhorting on tasks and staffing issues, funds provided by the investors play a major role in increasing the graph of the startups.
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