In the previous week, 20 Indian startups raised funding, out of which 13 received total funding of $96 million. Among those startups, Chargebee raised the highest funding of about $55 million followed by Uni which secured a funding of $18.5 million. The remaining 7 startups (Pesto Tech, PakkaProfile, Unocoin, Omnify, MikeLegal, Gourmet Garden, and Bambrew) didn’t disclose their financial details.
Funding in Indian Startups (October 5 – 10)
Given below is a list of the Indian Startups which raised a good amount of funds in the previous week:
Chargebee
Chargebee offers subscription and recurring billing frameworks for subscription-based SaaS and eCommerce businesses. It is developed with an emphasis on delivering the best insight to give a consistent and adaptable recurring billing experience to clients and manage the client subscriptions. The startup was founded by KP Saravanan, Krish Subramanian, Rajaraman Santhanam in June 2011 in Chennai. Chargebee has raised $55 million in the Series F funding round led by Insight Partners with participation from existing investors Steadview Capital and Tiger Global.
Uni
Fintech startup Uni has gathered up $18.5 million in its maiden subsidizing round led by Lightspeed Ventures India and Accel Partners India. The startup was founded by Nitin Gupta
Emotix
Emotix, a consumer electronics company was founded in October 2014 in Mumbai by three IIT Bombay Postgraduates namely Chintan Raikar, Prashant Iyengar, and Sneh Vaswani. The company was founded on the pillars of Robotics, Artificial Intelligence, and the Internet of Things, Academicians, and Neuropsychologists. The startup has managed to raise $1.9 million in its Series A funding round led by its existing backers Chiratae Ventures.
Treebo
The Bangalore-based startup, Treebo was founded by Kadam Jeet Jain, Rahul Chaudhary, and Sidharth Gupta in June 2015. From various perspectives these trees were the earliest form of budget inns, offering shelter to voyagers without segregating between the rich and poor people. They ensure quality accommodation at moderate costs. Treebo has managed to raise $6 million in a new funding round led by existing partners namely Matrix Partners India, SAIF Partners, Ward Ferry, and Bertelsmann India Investments.
Ergos
Ergos is an agritech organization that provides food grain distribution, warehousing, and supply chain management services for farmers. The startup was founded by Kishor Kumar Jha in 2012 in Patna, Bihar. The startup has topped its Series A round with an infusion of $3.2 million from Chiratae Ventures and ABF respectively, taking the total funding in Series A round to $8.2 million.
Lido Learning
With their energizing and fun live online classes for the students, Lido Learning fabricates cutting-edge content like animated recordings and interactive games, a customized stage for homework, tests, challenges, and inspiring teachers. Lido Learning was founded in April 2019 by Sahil Sheth in Mumbai. The startup has raised $3.9 million from multiple investors including Angels and family offices in its ongoing Seed-funding round.
Genrobotics
Genrobotics was established in 2015 in Kerala by Arun George, Nikhil NP, Rashid Bin Abdulla, and Vimal Govind MK. The organization designs and creates robots so as to locate the best solution for social impotent issues. The startup has raised $0.34 million in Pre-Series A Funding Round led by existing investor Unicorn India Ventures, with participation from SEA Fund and Anand Mahindra.
WinUall
WinUall is an information technology organization that specializes in the fields of E-learning, online tests, and tests, study material for competitive exams. The startup was founded in 2019 in Bangalore by Ashwini Purohit and MS Chouhan. WinUall has raised $2 million from Prime Venture Partners, Beenext, and angel investors such as LivSpace founder Ramakant Sharma.
Krishitantra
Krishitantra provides quick IoT-based soil testing and soil nutrition advisory solutions for farmers, farmer producer associations (FPOs), and different agribusiness partners. The startup was launched in 2017 in Udupi by Sandeep Nagesh Kondaji, Mukesh Kumar Sudarshan, and Vishnuprasada Vittal Bhat. Agritech firm Krishitantra has raised $1 million in its seed round of funding from Omnivore and Nabventures.
Unnati
Established by Rajesh Rathore, Unnati is working towards getting farmers onto a single digital stage that nurtures farm entrepreneurship. Unnati established in 2015 has scooped up $1.7 million in pre-Series A round from Nabventures Fund.
SpotKwik
SpotKwik is a community shopping stage to connect with friends and for all intents and purposes take a stab at branded clothes and accessories through Augmented Reality Filters. Founded by Mithun Adith, the startup raised $0.03 million in a pre-seed round from MARL 5G Accelerator.
Acculi Labs
Acculi Labs provides Homeostasis, Vitals, and Disease indicators of the Cardio-Vascular System, Pulmonary System, Blood Biochemistry, Metabolic System, Psycho-Physiological System, Autonomic Nervous System, Muscle System, Auto-immune system through a set of static and dynamic tests using various conventional and unconventional parameters. The startup was founded in May 2017 in Bangalore by Hari Prasath M and Rupam Das. I t has raised $0.7 million in a seed round from PirE Ventures.
NirogStreet
At NirogStreet patients can easily consult doctors and discover the right Ayurvedic treatment to improve their wellbeing. NirogStreet has received incredible traction with various patients finding a doctor growing at an exponential rate. The startup was founded in Gurugram in 2016 by Ram Kumar and Ram N Kumar. NirogStreet has raised $2 million in a pre-Series A round led by early-stage venture capital firm Wavemaker Partners and Amand Ventures.
