In the previous week, 12 Indian startups raised funding, out of which 9 received total funding of $118million. Among those startups, SharChat raised the highest funding of about $40 million followed by Hopscotch which secured a funding of $25 million. The remaining 3 startups(RKade, Precisely, and WeInnovate Biosolutions) didn’t disclose their financial details.
Below is the summary of the deals closed in the previous week
ShareChat
ShareChat is an Indian social media startup founded by Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan in 2015 in Bangalore. The organization’s application offers to include private messaging, tagging, and a feature that allows an individual to personally send text messages, empowering clients to share recordings, jokes, songs, and other language-based social content with other obscure clients. The organization has raised $40 million in Pre Series E funding round led by Lightspeed India and SAIF Partners.
Hopscotch
Hopscotch, a Mumbai based online store was founded by Rahul Anand in 2011. The startup is India’s major children fashion brand where aspiration meets accessibility. Hopscotch has raised $25 million in Series D funding round led by Facebook co-founder Eduardo Saverin’s investment arm EE Capital, Lionrock Capital, Rise Capital, RPG Ventures, and IIFL Seed Ventures Fund.
Servify
Mumbai based startup, Servify was developed in November 2015 by Sreevathsa Prabhakar. The application along with helping shoppers store their bills and warranty on the cloud likewise interfaces with the brand-authorized services ecosystem when buyers need a dependable fix. Servify has secured a $23 million Series C funding round led by Iron Pillar.
Onsitego
Onsitego is a client assistance organization for personal gadgets, devices, small and large home appliances. It offers hassle-free and advantageous services that incorporate a free pick and drop for all of your gadgets and free at-home service for large appliances and a 14 or 21-day repair or replacement policy depending upon the brand. Onsitego, founded in 2010 by Kunal Mahipal in Mumbai raised $11 million in its Series B funding round led by International Finance Corporation or IFC.
i3 Systems
Insurance tech startups, i3 Systems has scooped $1.5 million in its Pre-Series A Funding round led from Unitus Ventures and others.
Rephrase.ai
Rephrase.ai helps in making top-notch videos and animations through an AI-controlled visual dubbing tool. It is a designer of a video creation technology intended to take any bit of text and make a video of any individual speaking that text. Bangalore based startup was founded in 2018 by Ashray Malhotra, Nisheeth Lahoti, and Shivam Mangla. Rephrase.ai has raised $1.5 million in a Seed funding round led by Lightspeed Ventures and AV8 Ventures.
BestDoc
BestDoc is an Intelligent Patient Relationship Management (PRM) framework for medical clinics and other medical care suppliers in India. The startup was founded in 2016 in Kochi. BestDoc has raised $2.2 million in its pre-series A funding round led by Accel, Arkam Ventures, and others.
Melorra
Melorra is an operator of an online jewelry store that is utilized to offer contemporary jewelry. The ornaments are made for a contemporary closet and use a hundred percent 3D printing to give a precise and rich completion to products that empower clients to get to popular jewelry at a moderate cost. The jewelry based startup was started in 2015 in Bangalore by Krishna Kumar and Saroja Yeramilli. The startup has managed to raise $12.5 million in a funding round led by Symphony Asia along with Lightbox Ventures and Alteria Capital.
Genie Talk
GenieTalk as a virtual assistant that utilizes AI to carry conversation commerce with a personalized experience on the application. The startup was founded in 2013 in Indore, Madhya Pradesh. Genie Talk has raised $0.75 million in angel funding from Shankeshwar Technologies LLP.
