In the previous week, 16 Indian startups raised funding, out of which 13 received total funding of $76 million. Among those startups, Inshorts raised the highest funding of about $35 million followed by Smallcase which secured a funding of $14 million. The remaining 3 startups ( Oga Fit, 7Classes, and Codeyoung ) didn’t disclose their financial details.
Funding in Indian Startups (September 28 – October 3)
Given below is a list of the Indian Startups which raised a good amount of funds in the previous week:
Livspace
Livspace is an interior design Indian startup that offers a stage that associates individuals to designers, services, and products. The online shopping platform is a destination to discover design, decorate, and furnish dream houses so they can embrace renovations like kitchen overhauls or repainting a room. It additionally gives end to end home interior services. Livspace was founded by Anuj Srivastava in 2014 in Bangalore. The design startup has received a funding of $4 million in a debt funding amount from its existing investor Trifecta Venture Debt.
Inshorts
Inshorts is a web organization that includes software application-based products that convey news stories in 60-word bites for busy and uninspired readers. The company specializes in the fields of web, data information technology, and digital media. The startup was founded in 2013 in Noida by Anunay Pandey, Azhar Iqbal, Deepit Purkayastha. Inshorts has received a funding of $35 million from Former Tiger Global executive Lee Fixel’s new venture capital firm ‘Addition’.
SquadStack
Squadstack was founded in 2014 by Apurv Agrawal, Kanika Jain, Rishabh Ladha, and Vikas Gulati. The startup is a ‘Future of Work’ innovation organization that combines data science and artificial intelligence to help businesses scaling with better transformations, speed, precision, adaptability, and cost. Squadstack also is known as Squadrun has secured $5 million in its Series A round of funding led by Chiratae Ventures.
Smallcase
Smallcase fabricates digital platforms and products for individual investors to invest in portfolios of stocks and ETFs (small case) in a diversified, cost-effective, and transparent manner. The startup was founded in 2015 in Bangalore by Anugrah Srivastava, Rohan Gupta, and Vasant Kamath. Smallcase has secured $14 million in its Series B funding round led by the DSP group. Along with this, some existing investors also took part in the funding round namely Sequoia Capital India, Blume Ventures, Beenext, and WEH Ventures.
Etrio
Hyderabad based startup, Etrio was founded by Sathya Yalamanchili and Deepak MV in 2017. The main aim of the startup is to make vehicles eco-friendly, cost-effective, and efficient by converting fuel-powered automobiles into electric ones. The startup has raised $3 million in Series A funding round.
Financepeer
Financepeer has raised $3 million in a funding round led by MS Fincap. Danube, Aar Em Ventures, Angelbay Holdings, JITO Angel Network, and HEM Angels also participated.
Sunstone Eduversity
Sunstone Eduversity is a scholarly organization that targets making industry-ready professionals with the novel teaching methods and technology-enabled delivery of education. The startup collaborates with existing universities that have a well-equipped infrastructure to run and manage an AICTE approved PGDM program. The startup, founded in 2014 in Gurgaon by Ashish Munjal and Piyush Nangru has managed to raise a funding of $3.25 million in Series A funding round led by Saama Capital with participation from existing investors Prime Venture Partners and others.
StayQrious
StayQrious is an ed-tech startup that centers around skilling students in computer applications, for example, online coding classes. The startup was founded in 2020 in Bangalore by Aanand Srinivas, Avinash Anand and Shankar Ram A. StayQrious have raised $2 million in a seed funding round led by some early-stage investors.
Infilect
Infilect Technologies Pvt Ltd specializes in parsing enormous visual content, for example, photographs and recordings utilizing exclusive profound learning and artificial intelligence technology and give exceptionally versatile SaaS products to the retail and advertising industries. The startup was established in 2015 by Anand Prabhu Subramanian and Vijay Gabale in Bangalore. Infilect raised $1.5 million in pre-series A round led by Mela Ventures and 1Crowd along with participation from The Chennai Angles.
GPS Renewables
Green Power Systems has built up a waste-to-energy reactor called BioUrja (forthcoming patent), a profoundly smaller plan creating 7 kg worth of LPG for each 100 kg bio-waste. GPS Renewables Pvt Ltd founded in 2010 in Bangalore has raised a funding of $3 million in Series A funding led by Netherlands-based Hivos-Triodos Fund and Hyderabad-based Caspian.
LegalSalah
Legal Salah is bringing the provision of imparting esteem based legal and consultancy services to the client. The firm was set up in 2015 in Kolkata has managed to raise $1 million in a seed funding round led by I2I Capitals.
Edugorilla
EduGorilla is an educational network and one-stop stage that takes into account the necessities of the Indian scholastic framework. It is a refuge for a number of young minds trying to become successful professionals in the future. The organization was founded in Lucknow in 2016 by Rohit Manglik. EduGorilla has managed to raise $0.72 million from SEBI – Cat 1 Angel Fund – Auxano Entrepreneur Fund and a group of angels led by Venture Garage –SucSEED Venture Partners, Pune Angels, Hem Angels, and VG Angels.
Maatri
Maatri, a digital health platform that Manages all Health Records for the whole family in a Digital and Smart manner. Founded in 2019 in Gurgaon, the startup has raised $0.3 million from high-net-worth individuals.
