In the previous week, 19 Indian startups raised funding, out of which 12 received total funding of $674 million. Among those startups, Byju’s raised the highest funding of about $500 million followed by Zomato which secured a funding of $102.5 million. The remaining 7 startups (CustomFit.ai, SOAL, ConnectedH, Cell Propulsion, LetsUp App, OckyPocky, and Fantasy Akhada ) didn’t disclose their financial details.
Given below is a list of the Indian Startups which raised a good amount of funds in the previous week:
Zomato
Zomato, a food delivery startup was founded in July 2008 by Deepinder Goyal, Pankaj Chaddah. The company has managed to raise $102.5 million in its Series J Funding from Tiger Global Management. It provides information related to menu, user reviews, and other things through its app in order to help the users select the best places to eat.
Byju’s
Byju’s, the world’s most valuable edtech organization was founded by Byju Raveendran in Bangalore in 2011. The main aim of the edtech organization is to make the students learn in a personalized, effective, and accessible manner by making them better and life-long learners. The organization has managed to raise $500 million in a fresh funding round led by Silver Lake.
Groww
Groww, an investment platform was established in 2017 in Bangalore by Harsh Jain, Ishan Bansal, Lalit Keshre, and Neeraj Singh. The investment platform introduced users to new ways of investing money through stock broking and mutual funds. The startup also provides information about mutual funds, systematic investment planning, equity-linked savings, and other things related to the personal finance world. The organization has scooped up $30 million in Series C funding led by Combinator’s growth-stage investment fund Continuity.
BluSmart
BluSmart established by Anmol Jaggi and PunitGoyal in Ahmadabad in January 2019. The organization is a 100% electric mobility platform with different electric vehicle manufacturers as partners. The platform is used for car sharing, scooter sharing in order to make transportation accessible and affordable for the user. BluSmart has raised a funding of $7 million in a Pre Series Funding round led by Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments, JITO Angels, Lets Venture Fund, and Kaplavriksh Fund.
Pitstop
Pitstop, a Bangalore based startup was established by Mihir Mohan Mishra and Nirant Ramakuru in 2015. The startup promises to provide general car repair and maintenance services with the help of its doorstep service vehicles. It is a one-stop platform that provides economical and convenient car services. The startup got a funding of $1.2 million from an Insurtech firm Acko.
Hasura
Hasura, a software technology company was founded by Rajoshi Ghosh and Tanmai Gopal in Bangalore in 2017. The company builds developer tooling products which include open source tools. The company has got a funding of $25 million in Series B funding round led by Lightspeed Venture Partners.
QShala
QShala was founded by Nitin Kamath caters to the children from Class 1 onwards. The curriculum is designed in a way to promote imagination and curiosity by making the students learn the concepts which go beyond the curriculum of school through live online courses. The organization was started in Bangalore in 2011. QShala has managed to raise $0.36 million from Zerodha-backed fund Rainmatter Capital.
Deepsync Technologies
Deepsync Technologies, a Bangalore based startup was founded by Ishan Sharma and Rishikesh with an aim to improvise modern content by the augmentation of the human voice. The augmentation or voice cloning technology was created with an aim to allow people and companies to create better voice experiences. The company has raised $0.3 million from angel funds – Anicut Angel Fund, 9Unicorns, and Firstcheque.
Spoonshot
Spoonshot was founded by Kishan Vasani in December 2015 to reveal the future of foods through in-depth knowledge of emerging and evolving customer and market needs in order to predict the food trends. The startup has managed to raise $1 million in a Seed funding round led by SRI Capital.
i3 Systems
Mumbai based AI-powered Insure-Tech platform i3 Systems aims to utilize the funds to enhance its platforms and portfolio of AI models in order to expand its global presence. The organization has raised a funding of $1.5 million in Pre Series A Funding round led by Unitus Ventures.
Market Pulse
Market Pulse, a Mumbai based startup was founded by Amit Dhakad and Hiral Jain in 2016. The platform is build to help the users track, monitor, and uncover the opportunities in the market in an efficient manner. It has several features which include Watchlist, Scanner, Pro Charts, and many more. The Market Analysis platform has raised a funding of $0.75 million in Pre Series A funding round led by HNI investors Ameet Desai and others
Hippo Video
Hippo Video was founded in 2016 by Karthi Mariappan in Southern US is a video Customer Experience (CX) platform. The platform helps the businesses to provide personalized video clippings to their users. The organization raised $4.5 million in a Series A funding round led by Alpha Wave Incubation and Exfinity Venture Partners. Several other existing investors also took part in the funding round.
For more information, check the official website of The Company Check.
