In the previous week, 17 Indian startups raised funding, out of which 13 disclosed their funding amount. Among those startups, DealShare raised the highest funding of about $21 million followed by Infra.Market which secured a funding of $20 million. The remaining 4 startups (smallcase, FreshToHome, Richpanel, and SheerDrive) didn’t disclose their funding amount.
Funding in Indian Startups (December 7-12)
Given below is a list of the Indian Startups which raised a good amount of funds in the previous week:
DealShare
Social Commerce startup, DealShare was founded in September 2018 by Sankar Bora. Sourjyendu Medda, and Vineet Rao. DealShare makes it incredibly simple for the clients to purchase in a few ticks. Further, it permits the clients to purchase and share deals with their companions. The company offer discounts relying upon the number of individuals buying the items. It is another retail model where clients get cheaper rates than wholesale rates. The startup has raised $21 Mn from WestBridge Capital, Alpha Wave Incubation, Matrix Partners India, and Omidyar Network India, along with independent investors.
Infra.Market
Established in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market is a B2B online procurement marketplace for real estate and construction materials, with technology as their focal point. Infra.Market has built a centralized online market for real estate and construction that offers fair pricing and enhanced technology experience to assist clients with getting the best pricing for their needs. The startup has raised $20 Mn from Evolvence India Fund, Sistema Asia Fund,and Foundamental Capital GmbH, along with existing investors.
Atomberg Technologies
Set up in 2012 by IIT Bombay graduates, Manoj Kumar Meena and Sibabrata Das in April 2012 in Mumbai, Atomberg Technologies produces Gorilla Fans – mechanically progressed ceiling fans marked as “India’s Most Energy-Efficient Fans” (saving 65% energy compared to traditional fans). The startup has raised $9.4 Mn from A91 Partners, Suman Kant Munjal’s family office Survam Partners and Trifecta Capital.
Waycool
Waycool is an agri-tech organization that processes, distributes, and procures fresh produce, dairy products, and staples. The organization helps increase farmer’s pay, innovative quality management, and food safety technology. The vision of the startup is to become the largest food development and distribution company while positively impacting the lives of farmers in India. The startup was founded by Karthik Jayaraman and Sanjay Dasari in July 2015. Waycool raised $7.8 Mn from Samunnati, RBL Bank, and InnoVen Capital
Exotel
Exotel was founded in 2011. Bengaluru based Exotel is one of India’s biggest cloud communication organizations. Their point is to help organizations, both large and small, deal with their business telephone framework through a virtual telephone framework. Exotel’s cloud communication wipes out the need to invest resources in any hardware or maintenance killing one of the greatest problem areas of conventional frameworks like EPABX/PBX. The startup has raised $5.4 Mn from A91 Partners
RuralBasket
Tamil Nadu based online and offline grocery provider, RuralBasket was founded by Palani Rajan and Isaac Devaraj in 2019. The startup connects farmers and farmer producing organizations directly with purchasers. The organization says that it works towards doubling farmers’ pay by working with 15 farmer producer associations and 50 ladies self-help groups – cutting out middlemen free.RuralBasket has raised $5 Mn from Nativelead Foundation
Clovia
Clovia is a lingerie brand built with an aim to focus on affordable premium solutions. It plans and manufacturers lingerie catering explicitly to Indian body types. the organization is part of a global investment fund. The startup was built in 2013 by Neha Kant and Pankaj Vermani. Clovia has raised $4 Mn from Golden Birch Investments and SheCapital Venture Fund
Mihup
Mihup was founded by Biplab Chakraborty, Sandeepan Chhatopadhyay, Sandipan Mandal, and Tapan Barman in 2016. Mihup Communications Pvt Ltd invented an artificial intelligence-based personal mobile assistant app Mihup, has resumed its tasks by pivoting to a business-to-business model. Mihup is building an AI-enabled speech recognition stage for vernacular dialects. The administration is at present accessible in three dialects: Hindi, English, and Bengali. It additionally extraordinarily supports blended language and dialect recognition (for instance, Hindi+ English= Hinglish) and is dependable in different conditions. As indicated by the startup, the stage is reasonable for diverse use-cases, for example, car control, media and entertainment, and client call analysis. The startup has raised $1.5 Mn from Accel Partners, Ideaspring Capital, Netcore’s Rajesh Jain, and YuMe’s Jayant Kadambi
5C Network
5C Network was founded in August 2014. 5C Network was launched by Kalyan Sivasailam and Syed Ahmed. The stage empowers radio diagnostic hospitals and focuses to avail the quickest and most straightforward approach to get a quality radiology report of the patient. It permits medical clinics and diagnostic centers to transfer a patient’s reports straightforwardly to the cloud-based stage where automated data extraction and examination is finished by 5C Network’s exclusive AI (ML) calculation. The startup has raised $1.2 Mn from existing investors Unitus Ventures and Axilor Ventures
Bombay Play
Founded by Abhas Saroha and Oliver Jones, Bombay Play designs and creates online multiplayer games. Its most mainstream games incorporate Pokemon Tower Battle, Card Party, and 29 Card Games. The startup has raised $1 Mn from Lumikai
Ethereum Push Notification Service (EPNS)
Ethereum Push Notification Service (EPNS) was founded by Harsh Rajat and Richa Joshi in 2015. The blockchain startup sends a decentralized DeFi notification protocol (smart agreement), which any dApps or services can use to send notices to the wallet addresses of Ethereum. The stage permits services to send notifications to the wallets. Yet, aside from warnings, clients likewise earn from receiving the notifications. Since the encrypted data of these notifications is stored on the blockchain (directly or indirectly), it does not just empower the group to send message pop-ups to cell phones or tablets, but essentially to any centralized or decentralized carriers. The startup has raised $750K from a17z’s Balaji Srinivasan, Ethereum’s Kenneth Ng, and other angel investors
Text Mercato
Text Mercato is a technology-based content writing solution provider that creates content using a custom-built platform and algorithms to deliver quality work. It is a supplier of content writing and distribution services used to help eCommerce stages to onboard sellers and catalog their products. The startup was founded in January 2015 by Subhajit Mukherjee and Ramkrishna Bangalore Kiran. Text Mercato has raised $678K from Windrose Capital and 1Crowd
Bolo Indya
The Gurugram-based organization, established in May 2019, aims to empower content creators to change social capital into monetary autonomy. Bolo Indya offers a remarkable recommendation of Bolo Meets to its 2.8 million content creators to use their social capital across the client base of more than 6.5 million and have the followers do micropayments to avail one to one and one to numerous live video sessions with them around their area of expertise. The startup has raised $400K from Inflection Point Ventures, along with existing investor
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