In the previous week, 24 Indian startups raised funding, out of which 16 received total funding of $134 million. Among those startups, CRED raised the highest funding of about $80 million followed by Rivigo which secured a funding of $19 million. The remaining 8 startups Swipez, Humus, ePlane, Artivatic.ai, KopyKitab, NeoDocs, Prescinto, and Toppeq didn’t disclose their funding amount.
Indian Startups Funding of the Week (November 30- December 5)
Given below is a list of the Indian Startups which raised a good amount of funds in the previous week:
CRED
CRED was established in 2018 by Kunal Singh. CRED chips away at the core value of opt-in consent and full transparency. The organization’s secured processes and technology implementations combined with regulatory compliance is the manner by which it access, store, and use members’ data. Credit card payments app CRED has raised $80 million in an equity financing round led by DST Global along with the participation of Sequoia Capital, Ribbit Capital, and Tiger Global.
Rivigo
Rivigo is a technology-empowered logistics stage supplier that offers transport administrations in e-commerce, clothing, automotive, frozen and processed foods, and automobiles sectors. The company’s full-stack logistics offering includes relay-led trucking and freight marketplace. The startup was founded in 2014 by Deepak Garg and Ghazal Kalra in Gurugram. Rivigo has raised $19 million from Warburg Pincus’ affiliate Spring Canter Investment Ltd (SCIL).
Fisdom
Fisdom is an automated investment service provider that deals with a personalized online investment account. The personal finance startup additionally provides personalized investment suggestions. It intends to monetize by charging a commission from financial services organizations and mutual funds. The startup was founded in 2015 in Bangalore by Anand Dalmia, Ramganesh Iyer, and Subramanya S.V. Wealthtech company Fisdom has raised $7 million in a new round of funding led by PayU with participation from existing investors Quona Capital and Saama Capital.
ZipLoan
ZipLoan was set up in 2015 with a mission to guarantee easy availability of unstable Working Capital to small business owners in India. The technology-empowered stage permits to offer credit in a quick and hassle-free manner. The digital lending platform for micro, small and medium enterprises ZipLoan is raising another $3 million from existing backers Elevation Capital (previously SAIF Partners), Matrix Partners India, Waterbridge Ventures, and Whiteboard Capital.
Lambda Test
LambdaTest was established in 2017 by Jay Singh and Asad Khan to build up a coordinated cloud-based test-execution ecosystem to eliminate the efforts of testers and engineers to build, maintain, and scale in-house test infrastructure. The cloud-based cross-browser testing stage assists clients with ensuring that they ship quality cross-browser-compatible products. The stage empowers testers and developers to perform live interactive testing or run selenium automation test scripts over its on-cloud framework. LambdaTest has secured $6 million in what appears to be a Series A funding round led by Sequoia Capital India’s Surge. Blume Ventures, Entrée Capital, and Leo Capital also participated in the round, along with Gokul Rajaram and Ramakant Sharma.
TagMango
TagMango is a marketing and advertising application that helps influencers, and brands to organize online campaigns. It represents considerable authority in marketing, digital marketing, advertising, and Influencer Marketing that encourages Brands to Partner with Individuals to drive cost-friendly campaigns online. The startup was founded in February 2019 by Divyanshu Damani and Mohammad Hasan. Creator monetization startup TagMango has raised $0.75 million in seed funding led by Y Combinator, XRM Media, Pioneer Fund, and Twitch co-founder Kevin Lin.
Infinite Uptime
Infinite Uptime provides an all-in-one board industrial solution with hardware, cloud analytics, and control software to screen hardware, analyze issues, and smart decision making. The startup was founded in 2015 by Raunak Bhinge. Infinite Uptime has raised $5.15 million in the Series B round led by VenturEast. Japan’s THK and existing investors Mayfield, GSR Ventures, IIML, and GiTV also participated in it.
Loop Health
Loop Health was founded in December 2017 by Mayank Kale and Ryan Singh. The main aim of Loop Health is to bring ease and choice to patients looking for significant clinical treatments. Loop Coordinators help patients coordinate with a doctor, compare and analyze treatment costs, get second opinions, and complete admission formalities – eliminating the pressure and making lives simpler for the patient and their families. The startup has raised $2.3 million in seed funding led by Sierra Ventures along with participation from Y Combinator and Soma Capital.
Signzy
Established in 2015 by Ankit Ratan, Arpit Ratan, and Ankur Pandey, Signzy assists monetary institutes with completely automating the decision-making process into a real-time API. Signzy claims to provide advanced KYC solutions for more than 100 banks, which includes the four biggest banks for the nation, insurance agencies, and asset management companies. The startup has raised $3 million from Vertex Ventures.
Kyt
Kyt was launched in September 2020 by husband duo Bhavik Rathod and Tripti Ahuja. Kyt is an online academy that uses technology to open an entire universe of extra-curricular courses to kids. The startup has celebrated teachers like Indian Chess Grandmaster Vidit Gujrathi, Philippines’ hip-bounce legend Ruel Varindani, and superstar yoga teacher Sabrina Merchant among others. The stage offers courses like yoga, language, perusing, and dance and many more. Edtech platform Kyt has raised $2.5 million in funding from Sequoia Capital India’s Surge.
Let’s Dive
Let’s Dive was founded in August 2020 by Om Prakash Shanmugam and Nitesh Agrawal. The SaaS stage provides a social space for remote teams to construct their culture by cultivating better human connections. The startup professes to have just pulled in more than 100 teams from 28 nations to its platform Businesses at present using the platform incorporates groups from Silicon Valley monsters like Facebook, Airtable, and in India, the absolute greatest tech organizations like Swiggy and Hike. Let’s Dive, has raised $1.7 million in a round led by Sequoia Capital India’s Surge.
SAWO Labs
SAWOLABS provides a client-centric, normalized, and gadget based secure verification solution for applications and sites to convey a seamless client experience, by eliminating the requirement for login passwords and OTPs. SAWO Labs has raised about $O.74 million in a seed fundraising round led by StartupXseed. The startup was founded in May 2020 by Prabhat Sahu.
HappyLocate
HappyLocate, India’s first Cloud-based Relocation Solution, helps Enterprises to automate and deal with their end to end Employee relocations. The startup was founded in April 2016 in Bangalore by Ajay Tiwari. HappyLocate has raised $0.6 million in pre-Series A round led by IP Ventures.
Habitat
Owned and operated by Apeirogon Technologies Pvt Ltd, Habitat caters to the government exam sector with a profound spotlight on the civil service exams directed by the Union Public Service Commission (UPSC) in which about 1.5 million aspirants seek 1,000 seats. Edtech platform for civil servant aspirants Habitat has raised $0.67 million in its seed round of funding from Unitus Ventures and Whiteboard Capital. Habitat addresses the gaps in enabling social learning for UPSC aspirants. The startup was founded in 2016 by Rohit Pandey and Shikhar Sachan.
Codlingal
Codingal is determined to give coding education to each K-12 student. Coding improves logical thinking and problem-solving skills by 70% among kids at a young age, additionally empowering them to perform better in different subjects in school. The startup was founded in 2020 by Satyam Baranwal and Vivek Prakash. Codingal has raised $0.56 million in its seed round of funding from Rebright Partners, Java Capital, and GSF Accelerator.
Raskik
Beverage brand Raskik has raised $1 million in a pre-Series A funding round led by incubator and accelerator Venture Catalysts. The startup was founded in 2019
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