In the previous week, 16 Indian startups raised funding, out of which 12 disclosed the funding amount. Among those startups, MindTickle raised the highest funding of about $100 million followed by Turtlemint which secured a funding of $30 million. The remaining 4 startups (Instamojo, Thrive, Arzooo, and Kitchen Centre) didn’t disclose their funding amount.
Funding in Indian Startups (November 16-21)
Given below is a list of the Indian Startups which raised a good amount of funds in the previous week:
Turtlemint
Turtlemint was founded in 2015 by Dhirendra Mahiyavanshi and Anand Prabhudeasi in Mumbai. Turtlemint is an online stage that permits clients to compare and purchase a car, bike, and health insurance products. Mumbai-based online insurtech startup Turtlemint has raised $30 Mn in a Series D funding round led by GGV Capital, American Family Ventures, MassMutual Ventures, and SIG. Existing investors Blume Ventures, Sequoia Capital India, Nexus Venture Partners, Dream Incubator, and Trifecta Capital also participated in the round.
MindTickle
MindTickle offers a solution that helps in increasing the sales of an organization and also for shutting the information and aptitude holes found in client-facing teams. Sales groups over a wide scope of ventures utilize MindTickle’s award-winning stage to prepare, mentor, and align their sales teams to make reps and their managers more effective. The startup was founded in August 2011 by Deepak Diwakar, Krishna Depura, Mohit Garg, and Nishant Mungali. The startup has raised $100 Mn in a mix of equity and debt funding led by Japanese conglomerate SoftBank Vision Fund II at a valuation of $500 Mn.
True Balance
True Balance was founded in July 2014 in Gurugram. True Balance intends to serve India with utility payments financial platform for the unbanked clients to serve their cash for living requirements. The startup has raised $28 Mn in a Series D funding round
DaMENSCH
DaMENSCH was established in May 2018 by Anurag Saboo and Gaurav Pushkar in Mumbai. The startup started with the production of men’s innerwear and is now on a journey to create different products for men with distinctive features. Premium men’s innerwear brand DaMENSCH has raised Series A funding of about $6.7 Mn (INR 50 Cr) from Matrix Partners India, Saama Capital, Whiteboard Venture Partners, and Alteria Capital.
Animall
Animall was founded in 2016 by Gokul Nadar, Ravishankar Tiwari, and Edmond Tse. ANIMALL logistics offers services including warehousing, pick-pack-ship, and delivery for clients who wish to utilize their warehousing services. The startup offers businesses a single, Omni-Channel, Cloud platform for domestic, cross-border, and global trade to grow sales. Peer-to-peer livestock trading platform Animall has raised $5.9 Mn (INR 44.45 Cr) in Series A funding round led by Sequoia Capital. Omnivore Partners and LetsVenture Fund have also participated in the round.
Stanza Living
Stanza Living was founded in 2017 by Anindya Dutta and Sandeep Dalmia. It is a high-quality, mutual living concept which is looking to disrupt the multi-billion-dollar student housing and co-living business sector in India by putting the new-age migrant consumer at the core of the product and service design, development, and execution. Delhi based Stanza Living has raised $5.9 Mn (INR 44 Cr) in a mix of debt and preference shares from Alteria Capital India Fund-I
PlayerzPot
PlayerzPot was founded in August 2015 by Mitesh Paresh Gangar and Yogesh Suryakant Doiphode. Mumbai-based gaming startup PlayerzPot has brought $3 Mn up in a Series A round of funding. With the fresh capital, the organization intends to accelerate technical innovation, upgrade the brand building, and expand the group. It is a sports website where an individual can use their cricket knowledge to win cash prizes and rewards.
NIRA
NIRA was founded by Rohit Sen in 2017. The startup promotes financial incorporation by making basic, transparent products that enable people to live a life of choice and freedom. Bengaluru-based fintech startup NIRA raised $1 Mn from its existing angel investors.
Instoried
Instoried is an enlarged writing platform that improves client interest and engagement. The stage helps content writers in online business, news, FMCG, and different verticals to optimize emotions in their marketing content. The startup was founded in 2018 by Sharmin Ali and Sutanshu Raj. Bengaluru-based AI-driven deep-tech content startup Instoried announced that it has raised $1 Mn in pre-Series A round led by 9Unicorns and Mumbai Angels. The round also saw participation from London-based JPIN, Jain Angel Network, SOSV, Artesian, FAAD Angel Network, Lead Angels, and a US-based VC.
Prescribe
Prescribe was founded in 2018. Its AI-based platform empowers interaction between hospital/clinic organizations, doctors, and patients without the need of downloading any new application. It empowers medical care foundations to oversee patients, increase medicine sales, and lab appointments. Healthtech startup Prescribe has raised $134K (INR 1 Cr) in a seed funding round led by Titan Capital and other marquee investors including AngelList syndicate and Curofy founders.
Arata
Arata, an Indian Wellness brand was founded in February 2018 by Dhruv Madhok and Dhru Bhasin. The organization offers unisex personal care products, for example, hair gel, shampoo, face and body wash, hair cream among others that are chemical and cruelty-free and totally non-poisonous, empowering customers to benefit from natural and skin-friendly products. Arata has raised $1 Mn in pre-Series A round from Sixth Sense Ventures’s founder and CEO Nikhil Vora and Rohan Vaziralli. Existing investor DSG Consumer Partners, along with promoters also participated in this round.
Krimanshi Technologies
Krimanshi Technologies was established by Nikhil Bora in 2015 in Jodhpur. The startup converts food and agri waste into high-performing cattle feed ingredients and balanced cattle feed items. The startup has raised $674K (INR 5 Cr) in seed funding from Rajasthan Venture Capital Fund (RVCF) to scale its feed production capacity and expand to newer geographies.
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