In the previous week, 24 Indian startups raised funding, of which 20 received total funding of about $212 million. Among them, FreshToHome raised the highest funding of about $121 million followed by InVideo, which raised $15 million. The remaining 4 startups (Wellversed, Agrix, Finelistings, and Nykaa ) didn’t disclose their funding amount.
Funding in Indian Startups (October 26 – 31)
Given below is a list of the Indian Startups which raised a good amount of funds in the previous week:
FreshToHome
Bangalore based startup, FreshToHome was founded by Shan Kadavil in August 2015. It is an online marketplace for fresh fish and domesticated animals produce. FreshtoHome sources meats and fish legitimately from livestock farmers and fishermen. The startup has bagged $121 million in Series C round. The round was led by the Investment Corporation of Dubai, Ascent Capital, the U.S. Government’s development finance institution (DFC), and the Allana Group.
InVideo
InVideo is a video creation stage that helps in making professional video recordings from premium layouts, pictures, and music. The stage likewise helps publishers, media organizations, and brands to expand audience engagement through the power of video content. The startup was founded in August 2017 by Harsh Vakharia, Pankit Chheda, and Sanket Shah in Mumbai. The video creation platform has raised $15 million in its Series A funding round led by Sequoia Capital India. The round also includes participation from Tiger Global, Hummingbird, RTP Global, and Base.
Pagarbook
Pagarbook was founded by Adarsh Kumar and Rupesh Mishra in December 2019 in Bangalore. PagarBook keenly calculates the salary according to attendance inputs including Overtime, Late Fine, Leaves, and Half days. Employee management app Pagarbook has raised around $7 million (Rs 51 crore) in its Series A funding round led by existing backer Sequoia’s Surge.
Jumbotail
Jumbotail is a top-level VC funded startup building an online commercial center for food and grocery, directed at wholesale buyers. It additionally operates a marketplace that connects a huge number of these Kirana stores with brands and dealers. The startups was founded in November 2015 by Ashish Jhina and Karthik Venkateswaran in Bangalore. Jumbotail has raised Rs 80 crore or $11 million as a part of the Series B round led by Heron Rock.
BetterPlace
BetterPlace is a common workforce management platform that provides robotized onboarding, attendance, and payroll management solutions. The startup was founded by Pravin Agarwala and Uday Singh in Bangalore. BetterPlace has raised $10 million in its Series B funding round led by Jungle Ventures. Existing investors including Unitus Ventures, 3One4 Capital, and Venture Highway also participated.
Teachmint
Teachmint enables tutors to impart knowledge from anywhere around the globe within a click. Online teaching startup Teachmint has secured $3.5 million in a seed funding round led by Lightspeed India. Different existing investors namely Better capital and Titan Capital also participated in the funding round. Teachmint Technologies Private Limited was founded in June 2020 by Payoj Jain, Mihir Gupta, Divyansh Bordia, and Anshuman Kumar in Bangalore.
Arzooo
Arzooo empowers a partner store with its technology platform preparing them to offer the largest selection to clients without investing in Inventory, making the most competitive cost, and offering alluring payment solutions to improve sales conversion in-store. The startup founded by Khushnud Khan and Rishi Raj Rathore in Bangalore in October 2016 has raised $ 7.5 million in its Series A funding round led by Indus Age Partners and 3Lines Ventures.
BharatAgri
BharatAgri was established in 2017 in Pune by Sai Gole and Siddharth Dialani. The main aim of the startup is to increase the earnings of farmers by increasing farm yields through efficient usage of scientific techniques, providing essential resources, and regular monitoring. BharatAgri has raised $1.2 million in Pre-Series A led by Binny Bansal backed 021 Capital. This round also saw participation from existing investors India quotient, Better Capital, and Quest Global COO Ajay Prabhu.
Peel Works
Peel Works, a tech and data analytics company was founded by Nidhi Ramachandran and Sachin Chhabra in September 2010 in Mumbai. The organization plans to convey better lives to corner stores of the nation with its lead item called Taikee. Taikee presents the brand’s performance from the most famous stores across 1,300 pin codes from 16 urban cities in the nation. Peel-Works’ retail management platform Taikee has secured venture debt of around $1 million from BlackSoil Capital and working capital to the tune of $2 million from others, including key suppliers.
CredAble
Mumbai based startup, CredAble was founded by Nirav Choksi in 2017. CredAble gives liquidity projects to big business supply chains. Our projects address working capital difficulties confronting large enterprises and their suppliers and distributors. The startup has raised $4.5 million in a follow-on funding round from its founders and existing backers including Oaks Asset Management and V’Ocean Investment.
Freshokartz
Freshokartz, Jaipur based startup was founded in December 2016 by Chandrakanta and Rajendra Lora. Agritech startup Freshokartz has raised $1.4 million in a pre-Series A round from Rajasthan Venture Capital Fund (RVCF) and Achieving Women’s Equity (AWE) Funds. Freshokartz sale seeds, pesticides, and Fertilizers through the Physical Centres in the villages.
Hubilo
Hubilo was founded in 2014 by Mayank Agarwal and Vaibhav Jain. The platform hosts an interactive online function, connects participants globally, and assists with building important connections by organizing breakout sessions, accordingly empowering event organizers to create, advance, manage and investigate functions on a single virtual event platform. The startup has raised $4.5 million in a seed funding round led by Lightspeed Partners.
GetVantage
The Mumbai-based startup, GetVantage was founded in August 2019 by Amit Srivastava, Bhavik Vasa, and Sachin Tagra. GetVantage has immediately built an amazing ecosystem of strategic partners to give entrepreneurs the solutions (capital, business solutions, insights) they need to optimize, scale and grow. The startup has raised $5 million in a seed funding round from Chiratae Ventures and Japan-based Dream Incubator.
Biddano
Set up in 2016 by Talha Shaikh and Ashok Yadav, Biddano aims to revolutionize offline pharma distribution networks by connecting supply chain holes between distributors and chemists through technology. The startup has raised $0.67 million in a pre-Series A funding led by startup incubator and accelerator Venture Catalysts.
Railofy
Railofy was founded in 2019 by Rohan Dedhia, Vaibhav Saraf, and Hrishabh Sanghvi. India’s first WL and RAC security that empowers waitlisted travelers to arrive at their destination at the most minimal conceivable cost if their ticket isn’t confirmed after chart preparation. The startup has raised $0.54 million from Roots Ventures, Astarc Ventures, and Better Capital.
Pyxis
Started in 2017 by Harikrishna Valiyath, Vrushali Prasade, and Shubham Mishra, Pyxis is a novel AI-led marketing cloud startup headquartered in the US with an office in Bengaluru, India. The startup up has a few innovative apparatuses that provide a powerful stage creative automation and actionable marketing research analytics. Marketing-cloud startup Pyxis has raised $7 million in a Series A funding round led by Chiratae Ventures with participation from Pi Ventures and Exfinity Venture Partners.
Svami
Mumbai based startup, Svami was founded by Sahil Jatana in 2016 sells non-alcoholic aerated beverages. The startup has raised $O.87million in a round led by Mumbai Angels Network.
Janani
Healthcare startup, Janani was founded in 2020 by Nilay Mehrotra. The main aim of the startup is to make infertility treatment and assisted fertilization simple and affordable for a large number of people. The startup has raised $0.20 million in a pre-seed funding round led by 9Unicorns.
Credgenics
Credgenics work with financial institutions, Banks, NBFCs and Digital loaning firms to improve their collection efficiency utilizing technology, automation intelligence, and optimal legal routes in order to facilitate the resolution of stressed assets. The startup was established in 2018 in Gurugram by Anand Agarwal, Mayank Khera, and Rishabh Goel. Credgenics has raised $3.3 million in a seed funding round from Titan Capital and others.
Origo
Origo was founded in 2010 by Kaul and Mayank Dhanuka. The startup aims to connect the processor to the producer, totally eliminating the role of the middleman. Apart from reducing post-harvest losses, the organization additionally enables dairy and small enterprises in rural India to get the necessary financing to support their organizations. Agritech supply chain and trade finance firm Origo has raised $4.7 million in debt from Northern Arc Capital and other investors.
