In the previous week, 17 Indian startups raised funding, out of which 12 received total funding of $24 million. Among those startups, Signzy raised the highest funding of about $5.4 million followed by Slintel which secured a funding of $4.2 million. The remaining 5 startups Ahaguru, TagZ Foods, Nykaa, Tring, and Ultraviolette Automotive didn’t disclose their funding amount.
Funding in Indian Startups (October 19-24)
Given below is a list of the Indian Startups which raised a good amount of funds in the previous week:
Signzy
Signzy currently offers a digital onboarding solution for banks, NBFCs, and other financial institutions. The startup was founded in Bangalore in 2015 by Ankit Ratan, Ankur Pandey, and Arpit Ratan. Digital KYC startup Signzy has raised an additional $5.4 million in its Series A round led by Arkam Ventures (Unitary Fund) along with the participation of existing backers.
Slintel
Slintel assesses more than 100 billion data points and analyses factors, for example, purchaser journeys, innovation adoption patterns, and other digital footprints to deliver market & sales intelligence. The startup has raised $4.2 million in a funding round led by Accel. Sequoia Capital India and existing investor Stellaris Venture Partners also participated in the round.
SoOLEGAL
An e-governance compliant platform SoOLEGAL has been and is continuing to be staggeringly fruitful in bringing all stakeholders involved under a typical umbrella. The registration cycle has empowered an exhaustive database of clients who are lawfully able to offer administrations as advocates or simply as lawyers and advisors. The startup founded in 2014 in New Delhi has managed to raise $4 million in a funding round led by private investors and family offices in India.
Genius Teacher
Genius Teacher is a full-stack ed-tech organization which makes connecting with educational content for K-10, conveys a great learning experience to the students, and provides real-time insights to the teachers. The Mumbai-based startup built-in 2016 by Advitiya Sharma and Gaurav Lahoti has managed to raise $2 million in an angel round from Abhijit Bose, Kunal Shah, Sandeep Tandon, Dhruv Agarwal, Justin Sway, Dan Lapus, Nimish Kampani, Gaurav Gupta, and Bikram Bedi, among others.
Sugar Cosmetics
SUGAR Cosmetics is a manufacturer, instore, and online retailer of eyeliners, kajal, mascara, highlighters, blushes, and face palettes for women. The startup was founded in Mumbai by Vineeta Singh and Kaushik Mukherjee in 2012. The organization has raised $2 million in a debt round from Stride Ventures.
Supplynote
Supplynote was founded in Noida in July 2015 by Abhishek Verma, Harshit Mittal, Kumar Kushang, and Nitin Prakash. With a dream to create automation for acquisition in the F&B industry, Supplynote offers end-to-end supply chain management solutions for eateries, empowering them to comprehend buying patterns, plan creation, anticipate stock outs dates, set low-stock alerts, and auto-create purchase orders. The startup has raised $0.6 million in a bridge funding round led by the United States-based SOSV and Australia’s Artesian Ventures.
InnAccel
InnAccel Technologies was founded in 2012 in Bangalore by Vijayarajan Avr. The startup is building an arrangement of novel clinical gadgets designed, engineered, and valued for worldwide Emerging Markets. InnAccel Technologies has raised $1.5 million in pre-Series A round led by Mount Judi Ventures.
Rare Planet
Rare Planet was founded in 2015 by Randeep Saha in Kolkata. The startup aims to promote indigenous Indian handicrafts by enabling nearby craftsmen and giving them sustainable employment opportunities. Kolkata-based Rare Planet has raised $0.47 million in a pre-Series A funding round led by Uni-M Ventures and Venture Catalysts.
HobSpace
HobSpace was founded in 2019 by Harsh Jain and Priya Goyal Seth. HobSpace offers a stage for extra-curricular activities both online and offline for kids aged between 3-14 years. The startup has collaborated with schools and master mentors to provide training and conduct lessons based on children’s hobbies and sports requirements. The startup has raised $0.20 million in a seed round of funding led by early-stage micro venture capital firm Artha Venture Fund.
Krimanshi Feeds
Krimanshi is a social endeavor established by biotech engineer Nikhil Bohra, with the goal of expanding rural income by improving the productivity of Indian cows with a superior quality feed. The startup established in January 2015 in Jodhpur has raised $0.68 million from Rajasthan Venture Capital Fund (RVCF).
GoodGamer
GoodGamer was founded in September 2020 in Bangalore. It is a skilled-based platform that allows users to enter daily fantasy contests to win real prize money. The startup has raised $2.5 million in its seed funding round led by an undisclosed group of investors.
EzeRx
EzeRx founded in 2018 creates and produces profoundly progressed Medical Devices and innovative solutions, intended for the effective management of curative and preventive Healthcare. EzeRx stands for Easy for Prescription. Kolkata-based MedTech startup EzeRx has raised a seed round of $0.23 million led by Odisha-based incubator KIIT-TBI.
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