In the previous week, 18 Indian startups raised funding, out of which 14 received total funding of $411 million. Among those startups, Dream 11 raised the highest funding of about $225 million followed by MPL which secured a funding of $75 million. The remaining 4 startups ( Cub McPaws, Recordent, Burgerama, and AnalytIQ Sports ) didn’t disclose their funding amount.
Funding in Indian Startups (September 14-19)
Given below is a list of the Indian Startups which raised a good amount of funds in the previous week:
Classplus
Classplus is a classroom management application that assists mentors with a major focus on making the students learn by eliminating tedious secondary activities, for example, creating quizzes, evaluation of assessment, and regular monitoring of attendance logs. The learning platform was founded in September 2015 by Mukul Rastogi and Bhaswat Agarwal in Noida, Uttar Pradesh. Classplus has received $10 million from Alpha Wave Incubation, RTP Global, and Blume Ventures.
MPL
Mobile Premier League (MPL) was founded in 2018 by Sai Srinivas Kiran Garimella, Shubham Malhotra in Bangalore. MPL is a portable application where you can play everyday matches to win Paytm money. You can likewise refer it to your loved ones to play together and win cash. The idea of the application is to have a great time and acquire cash en route. Along these lines, the more the quantity of referrals, the bigger is your locale, and the better it’s going to be while playing and earning. MPL has raised $75 million in fresh funding led by SIG Global India Fund.
Acko
Acko is India’s first and fastest developing InsurTech organization which makes purchasing and using insurance easy. Within a short duration since its commencement, Acko has partnered with major tech companies like Amazon, OYO, and Ola, and is eminent for its inventive insurance products. The insurance platform has secured $60 million in its Series D Funding round Munich Re Ventures. Several other existing investors also took part in the funding round namely Amazon, RPS Ventures, and Intact Ventures.
Dream11
Dream11 is an Indian dream sports stage situated in India that permits users to play dream cricket, hockey, football, kabaddi, and basketball. In April 2019, Dream11 turned into the first Indian gaming organization to enter the ‘Unicorn Club. The sports platform has raised $225 million in a mix of primary and secondary investment led by Tiger Global Management, TPG Tech Adjacencies, Chrys Capital, and FootPath Ventures. Dream11 was founded by Harsh Jain, Bhavit Sheth & Harsh Anandkumar Jain in 2008 in Mumbai.
Airmeet
Airmeet serves as an all-in-one virtual events stage for event coordinators, advertisers, community developers, and ventures. Its versatile stage underpins an assortment of occasion designs including fairs, exhibitions, meetups, workshops, highest points, city centers. The company has raised $12 million in its Series A funding round led by Sequoia Capital India and Redpoint Ventures. Several other investors also took part in the funding round namely Accel India, Venture Highway, Global Founders Capital, and Gokul Rajaram also participated in the round. Airmeet was established in 2019 by Lalit Mangal, Manoj Singh, and Vinay Kumar Jasti in Bangalore.
CashKaro
Cashkaro is India’s Largest Cashback and Coupons site. With CashKaro.com you would now be able to EARN CASHBACK each time you shop online with retailers like Paytm, Jabong, Shopclues, and 1500 more. With more than 2 million enrolled clients, CashKaro is a one-stop platform for investment funds across 1500+ internet business destinations like Amazon.in, Flipkart, Paytm, and so on. The platforms have managed to raise $10 million in its Series A funding round led by Korea Investment Partners and also existing investors namely Kalaari Capital. The company was founded in April 2013 by Rohan Bhargava and Swati Bhargava.
The Moms Co
The Moms Co. makes sheltered and formulated items for infants that are certified as non-toxic products. It is set to assist mothers with making safe, common, powerful decisions for themselves and their families. The Moms Co has raised $8 million led by Saama Capital and DSG Consumer Partners. Different other investors also took part in the funding round namely Shripad Nadkarni, Ashutosh Valani, and Priyank Shah. The company was started in 2016 by Malika Dutt Sadani and Mohit Sadaani.
EkAnek
Ek Anek Networks is another startup that is centered around building the biological system for new-age brands in lifestyle categories. They will make influencer networks, business stages, and other support infrastructure. The company has managed to raise $5.4 million in a Series A1 funding round led by Alpha Wave Incubation. Several other existing investors also participated namely Sequoia Capital India, Lightspeed India, and Matrix Partners. EkAnek Networks was founded in 2018 in Delhi by Chandranshu Sinha and Kartik Sheth.
Newton School
Newton School is a stage to learn and develop abilities that you require for your best Tech career. The platform helps the candidates enhance their skills and get a dream job. The platform is dedicated to build and structure your tech profession for the dream organizations based on your aptitudes, qualification, preferences. Bangalore based company started in 2018 by Nishant Chandra and Siddharth Maheshwari raised $0.65 million in Seed Funding round led by Nexus Venture Partners. Along with them, several other investors also participated in the funding round namely Gaurav Munjal, Roman Saini, Hemesh Singh, Srinivas Anumolu, Ajay Gupta, Sahil Aggarwal, and K.Ganesh.
Origa Leasing
Origa Leasing provides profoundly imaginative solutions that overcome any barrier between new-age organizations and traditional financing systems. The platform has managed to raise $1 million from 500 startups. Origa Leasing was founded by Shrirang Shripad Tambe, Rajasekar Ramaraj, Jyotsana Krishnan, and Harish Appu Prabhu in 2013 in Mumbai.
Dozee
Bangalore based health tech startup, Dozee is a contact-free heartbeat and respiration monitor that is professed to have clinical evaluation (98.4%) accuracy, has announced an offer of free devices to those isolated inside Bangalore city limits. The health tech startup has raised $1.6 million from Prime Venture Partners, YourNest Venture Capital, and 3one4 Capital. The company was set up by Mudit Dandwate and Gaurav Parchani.
AFK Gaming
AFK Gaming Private Limited was established in 2012 in Mumbai by Siddharth Nayyar. It is an esports content stage that centers around Asian substance for a worldwide crowd. The company has secured $0.2 million in pre-series A funding round led by Inflection Point Ventures.
Farmers Freshzone
Established in the year 2015 by Pradeep P S, Farmers Freshzone is a multichannel commercial center stage, which overcomes the gap between rural farmers and metropolitan clients to give solid, premium quality and w pesticide-free vegetables and natural products legitimately from field to the table. The company has raised $0.47 million in a funding round led by IAN Fund.
Zimyo
Zimyo is an employee experience stage that engages associations to oversee and hold incredible talent. Human Resources Technology startup has raised $1.5 million in Seed Funding round led by Beenext.
