In the previous week, 22 Indian startups raised funding, out of which 17 startups disclosed their funding amount. Among those startups, Razorpay raised the highest funding of about $100 million followed by Zomato which secured a funding of $52 million. The remaining 5 startups namely Harmonizer India, Tango Eye, Gourmet Garden, RACEnergy, and Rare Planet didn’t disclose their funding amount.
Funding in Indian Startups (October 12-17)
Given below is a list of the Indian Startups that received funding from different investors in order to achieve their organizational goals.
Razorpay
Bengaluru-based payments gateway Razorpay is the most recent entrant in India’s unicorn club with its most recent $100 Mn funding round led by Singapore’s sovereign wealth fund GIC and existing speculator Sequoia India. Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners also participated in this round. Razorpay was founded in 2013 by Harshil Mathur. It gives access to all payment modes including credit card, debit card, net banking, UPI, and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money, and PayZapp.
Zomato
Food aggregator business Zomato has raised INR 380 Cr or $52 Mn from US-based Kora Investments. With this, Zomato has raised $220 Mn from financial specialists like Tiger Global, Temasek, and Kora. Zomato’s valuation has been pegged at $3 Bn with this round.
Finova Capital
Established in March 2016 by Mohit Sahney, Finova Capital is an RBI-registered NBFC. It gives home and business loans to MSMEs by bringing access to formal credit to their doorsteps. Finova Capital focuses on providing moderate and client-focused credit to micro, little, and medium enterprises in a time-bound fashion. Jaipur-based Non-Banking Financial Company (NBFC) Finova Capital has raised $35 million from existing investors namely Sequoia Capital India (SCI) Growth Investments and Faering Capital.
Ninjacart
Founded by Thirukumaran Nagarajan and Vasudevan Chinnathambi in 2015, the agritech startup, Ninjacart has successfully built a tech-enabled supply chain for fresh farm produce, delivering 1,400 tonnes of fruits and vegetables daily. Flipkart and US-based retail monster Walmart, which is likewise the parent organization of Flipkart, has made its second venture of $30 Mn in new produce supply chain startup Ninjacart.
Wow! Momo
Wow! Momo is a chain of fast-food restaurants in India that specializes in momos. The startup has raised $8.9 million from Grand Anicut Fund – 2. The startup was established in 2008 in Kolkata by Binod Kumar Homagai, Sagar Daryani, and Shah Miftaur Rehman with an aim to become India’s biggest chain of momos.
Avatar.me
Founded in 2014, Avataar.me leverages mobile AR technology to offer highly immersive 3D extended reality (XR) and AR product discovery experiences for companies engaged in digital and digitally-influenced commerce. The Bengaluru-based deep tech startup has scooped up $7 million from Sequoia Capital India.
Miko
Founded in 2015 in Bangalore, Miko is a sincerely smart partner robot with admittance to a wide pool of information. It can talk, respond, educate, and provide entertainment. It can comprehend your kid’s needs, feelings, and dislikes. Robotics startup Miko has raised $3.1 Mn from Stride Ventures. Existing investors including Chiratae Ventures, YourNest Venture Capital, and a group of angel investors, led by former Nasscom chairman Keshav Murugesh, participated in the round. The startup was founded by Chintan Raikar, Prashant Iyengar, and Sneh Vaswani
Fleetx
Fleetx is a fleet management platform that utilizes AI, machine learning, sensors, and predictive analytics to help fleet proprietors improve their proficiency, security, and settle on savvy and better choices in a practical and adaptable manner. The startup was established in Gurgaon in 2017 by Abhay Jeet Gupta, Parveen Kataria, Udbhav Rai, Vineet Sharma, and Vishal Mishra. The startup has managed to raise $3.1 million in pre-series B Funding Round from existing investors Singapore-based BEENEXT and India Quotient.
Pepper Content
The Mumbai-based startup, Pepper Content was founded in November 2017 by BITS Pilani friends and batchmates Anirudh Singla, Rishabh Shekhar, and Rishank Pandey. It is a content creation platform that builds a community of voice, video, and vernacular subject matter. The startup has managed to raise $4.2 million in a Series A funding round led by Lightspeed India to expand its presence into Southeast Asia and enter newer content categories like video and audio. Several prominent angel investors across India and Silicon Valley also participated in this round.
CredR
Mumbai based startup, CredR was founded in 2014 by Nikhil Jain, Nitin Mittal, and Sumit Chhazed. The second-hand vehicle market is usually flooded with inconsistent pricing and uncomfortable experiences. CredR makes buying/ selling as easy as taking a walk in the park. The startup has managed to raise $2 million from Eight Roads Investments and ON Mauritius.
GoodGamer
Bangalore based startup, GoodGamer is India’s first Daily Fantasy Sports and true Esports gaming platform. It will launch with cricket and CS: GO and add Football (Soccer), Valorant, Dota 2, a Quiz game, and Indian Rummy before 2021. The startup has raised $1.8 million in its Seed Funding Round.
InnAccel Tecchnologies
Bangalore based startup, InnAccel Technologies was founded in 2012 by Vijayarajan Avr. InnAccel utilizes the Biodesign technique, created and taught by Stanford University, to distinguish and approve basic neglected needs in India through a 3-4 month clinical immersion at a partner hospital. The startup has managed to raise $1.5 Mn in a Series B round led by Mount Judi Ventures.
THREAD
Bengaluru-based online fitness startup TREAD raised $1.1 million in its Pre-Seed round from a bunch of angel investors and VC firms. Better Capital, Whiteboard Capital, FirstCheque, and Stanford Angel also took part in the funding round.
Teamonk
Teamonk brings you unique tea experiences, handpicked fresh from the “best tea gardens” in order to deliver at your doorstep. The startup was founded in July 2016 by Amit Dutta and Ashok Mittal in Bangalore. The tea brand has managed to raise $885K (INR 6.5 Cr) in Pre-Series A round led by Inflection Point Ventures with participation from Sacha Ventures and Lead Angels.
Creator OS
Creator OS formerly known as Socionity was established in Hyderabad in 2017. In traditional freelance marketplaces, every service has a price. On Socionity, services don’t have a price, they are all free. The startup encourages users to come forward and help each other. Creator OS has managed to raise $500K in a funding round led by Angel investors namely Phanindra Sama, Gaurav Munjal, Kalyan Krishnamurthy, Sujeet Kumar, Vidit Aatrey, Vivekananda Hallekere, and Alvin Tse.
ReNEWate
Renewate was founded by Supratik Ghatak in 2018. With Renewate, the new age contractors and designer gets another yet basic apparatus in their hands, catapulting this new base of digital clients into a more effective, educated group. With simply a cell phone, they can change over requests quicker, efficiently manage projects, get data on most recent material trends, and get paid carefully. Renewate utilizes the most recent tech in AR and AI with local language uphold support bridging the skill gap and powering a new digital India. The startup has received $272K in Pre -Seed Investment from Better Capital.
Anveshan
Anveshan, a food-tech startup was founded in late 2019 by Ayushi Khandelwal, Akhil Kansal, and Kuldeep Parewa in Bangalore. The startup makes food micro-entrepreneurs in towns across India who make these food items utilizing traditional practices while guaranteeing quality control through traceability. As indicated by Anveshan, this model guarantees the quality of the food item for the clients, along with the social and monetary upliftment of the Indian farmers. The food-tech startup has raised $149K (INR 1.12 Cr) in the pre-seed funding round led by Titan Capital to focus on expanding its supply chain and operations across India.
