In the previous week, 12 Indian startups raised funding, out of which 8 received total funding of $345 million. Among those startups, Glance raised the highest funding of about $145 million followed by Dailyhunt which secured a funding of $100 million. The remaining 4 startups ( Pine Labs, Medfin, EWar, and Voosh ) didn’t disclose their funding amount.
Indian Startups Funding of the Week (December 21-26)
Given below is a list of the Indian Startups which raised a good amount of funds in the previous week:
boAt
Delhi based startup,boAt was founded in 2016 by Aman Gupta and Sameer Mehta with the sole point of bringing moderate, sturdy, and more importantly, ‘trendy’ audio products and accomplices to millennials. The consumer electronics startup has managed to raise $60 million in its Series B funding round from Cayman Islands-based South Lake Investment Limited.
CoinDCX
Mumbai based cryptocurrency startup, CoinDCX was founded in April 2018 by Neeraj Khandelwal and Sumit Gupta. The organization has built up single-point access to trade all the cryptocurrency instruments available in more than 500 business sectors. It professes to have manufactured an exceptionally adaptable trade machine engine, which can handle up to 1,000,000 exchanges for each second. CoinDCX has raised Rs 100 crore or $13.9 million in its Series B round led by Block.one. DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures, and Alex Pack also participated in the financing round last week.
Glance
The Bengaluru based screen zero stage, Glance assists clients enjoy personalized content in their favorite language on their lock screen. The glance is accessible in numerous dialects like English, Hindi, Tamil, and Telugu and furthermore in the Indonesian language. This gives the startup admittance to a more extensive engaged crowd. The startup was founded n January 2017 by Naveen Kumar. Google has led a $145 million round in InMobi’s mobile-first content platform Glance. Existing investor Mithril Capital also participated in fresh financing.
Dailyhunt
Dailyhunt was founded in 2007 by Virendra Gupta. Dailyhunt is an Indian News and content aggregator application that provides local language content in 14 Indian dialects which incorporate significant dialects like Hindi, Kannada, and Marathi to give some examples, from over 3000+ content suppliers. It is one of the early participants in the regional content space in the nation. The fascinating part is that the stage additionally offers short videos. Dailyhunt has raised around $100 million in a fresh round from Google, Microsoft, and Falcon Edge’s Alpha Wave Incubation. The Bengaluru-based company’s existing backers Sofina Group and Lupa Systems also participated in the round.
Slurrp
Health food startup, Slurrp was launched in September 2016 by Meghana Narayan and Shauravi Malik. with a mission to give a solid bite and mealtime alternatives for young children and their parents. Furthermore, in just two years, what began as an investigation in the home kitchens of the startup has now transformed into an adored children food. The startup uses traditional ingredients like Millets and Lentils with zero trans fat, less sugar with little to no maida, and preservatives to prepare the meals for the kids. Slurrp Farm has raised $2 million from multi-stage venture fund Fireside Ventures, in its Series A funding round.
Skuad
Skuad is a digital payroll platform to construct, pay, and manage worldwide distributed teams. Through its Global Employment Platform, the organization assists employers to build and pay their remote workforce flawlessly, without expecting to set up local entities. The startup was founded in 2019 by Naman Singhal and Sundeep Sahi. Skuad has raised $4 million in seed funding from BEENEXT, Anthemis Group, and others.
TaxBuddy
Mumbai based fintech startup, TaxBuddy was launched in 2019. The startup works as an online tax advisor offering subscription-based plans of tax advisory. TaxBuddy has raised $1 million in an early-stage fundraise from Zenith Global, a United Arab Emirates-based fund.
RapiPay
RapiPay Fintech Pvt. Ltd. is a startup, situated in Delhi, occupied with the matter of offering types of assistance in Digital Payment solutions through Pre-Paid Payment Instruments. The Company has launched a mobile Wallet solution for Indian clients by the name “RapiPay”. RapiPay Wallet is a prepaid payment instrument stage, endorsed by RBI, which permits clients to send and receive cash through a smartphone utilizing internet/SMS or through an internet browser. RapiPay Wallet services include Money Transfer, Mobile/DTH/Data Recharges, Post-paid, and Utility bill payments, payment to registered merchants. Fintech platform RapiPay has raised $9 million in its Series A funding round from several investors.
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