Here is a list of top funding deals that happened in Indian Startup Ecosystem this week. Check out the brief description about all of them.
Helpshift, the company revolutionizing the customer support industry through enterprise-level, in-app customer experiences, has announced that Cisco Investments has recently joined their Series B funding round, which follows previous investors such as Intel Capital, Microsoft Ventures and Salesforce Ventures. As one of Cisco Investments’ portfolio companies, Helpshift and Cisco will also explore opportunities to integrate Helpshift’s in-app customer support solutions with Cisco’s leading contact center solutions.
Knowlarity, the leading cloud communications platform in emerging markets across Asia, has announced the successful raise of $20 million in its Series C funding round. The latest investment in Knowlarity, which is Asia’s largest cloud telephony company, was led by Dubai-based private equity firm Delta Partners. The round also saw participation from Knowlarity’s existing investors, Sequoia India and Mayfield, and included a small debt-based investment from Blacksoil and Trifecta Capital. Signal Hill, a leading independent M&A and private capital advisory firm was the exclusive financial advisor on this transaction. The latest investment takes the total funds raised by Knowlarity so far to $41 Million USD making it the most capitalised cloud telephony company in Asia.
Delhi-based non-banking finance company AYE Finance (AYE) has closed its Series B round of funding of Rs 70 crore from LGT IV and its existing investors SAIF Partners and Accion. AYE is a rapidly-growing provider of loans to micro and small, enterprises across India. It was founded in 2014 by career bankers Sanjay Sharma and Vikram Jetley. AYE uses an innovative approach to make working capital loans available to these underserved enterprises by using a proprietary innovative underwriting methodology that has allowed AYE to enhance its portfolio to more than Rs80 crore.
B2B online marketplace Udaan has secured $10 million in its Series A round of funding from VC firm Lightspeed Venture Partners India and Lightspeed US. The deal, which closed in October, values the Bengaluru-based startup at about $40 million, according to two sources aware of the transaction.
SoftBank Group Corp, a leading investor in several Indian tech startups, has put in an additional $5 million in a bridge round in real estate portal Housing.com, according to three people aware of the development. SoftBank, the lead investor in Housing, had invested $15 million in the company in January this year.
SaaS-based predictive sales analytics startup Vymo has secured $5 million in its Series A round from VC firm Sequoia India. This is Sequoia India’s third funding announcement this month in the enterprise serving software-as-a-service (SaaS) space, after Freshdesk and Zarget.
ShareChat, the Indian language social platform, has closed a $4 million Series A round of funding, led by Lightspeed India Partners, and from existing investors, SAIF Partners and India Quotient. The funding round also saw participation from Venture Highway (through VH Capital). Sharechat is building the largest social content network in India with a focus on small town users and vernacular content.ShareChat is the only platform available to a large audience coming to the internet for the first time, in India.
Gurgaon-based Paradime Technologies Pvt. Ltd, which runs cash-flow management startup nu,mb,erz, has raised seed funding of $650,000 from investors Kae Capital and Khosla Impact. The company, which started in July last year, was earlier known as getfiscal.in.
The startup is also looking at the next round of funding of around $3-5 million, without mentioning a timeline for the closing.
InfiSecure, a bot protection technology startup has raised $600K in seed funding from IDG Ventures and Axilor Ventures. InfiSecure was launched in March 2016 as a SaaS platform for real-time bot detection and fraud protection. InfiSecure sanitizes a website’s traffic and improves business metrics using a 24×7 active SaaS solution.
Identifying a huge opportunity in the professional networking space, 11 entrepreneurs turned investors pump in Rs 1 crore ($147K) in Noddapp.com. Mumbai-based Noddapp.com is an app based networking platform that helps individuals to discover and meet like-minded people through innovative curated experiences, using data analytics, experiences, and algorithms.
Apart from these top 10 funding deals, here are a few startups which have also secured funding for their growth and expansion:
Proximity-based SAAS platform Kloseby has raised $100K Seed funding from an undisclosed investor.
Bengaluru-based career advice platform TapChief has raised an undisclosed amount of funding from Paytm, TaxiForSure founder Aprameya Radhakrishna; Fisdom founder Subramanya Venkat; and Venk Krishnan of NuVentures among others.
Gujarat-based Hubilo, a startup that provides integrated end-to-end online solutions for event organisers has raised an undisclosed amount of funding from a group of investors including Girish Mathrubootham, the founder of Freshdesk.
Mumbai-based Servify has raised an undisclosed Pre-Series A amount as investment from Blume Ventures and BEENEXT.
Indore-based fitness discovery platform, froyofit has raised an undisclosed amount in Pre- series A round of funding.
Safety solutions provider Better Place Safety Solutions has secured an undisclosed amount of funding from Venture Highway.
Edtech startup Edutainment Spearheads (flagship product, Volt) has secured an undisclosed amount in Seed funding from YMS Mobitech, a tech-based distribution company.
Tech enabled laundry service provider, UClean, has raised an undisclosed amount in Seed funding, led by franchise and retail solution group, Franchise India.
Bats on Delivery, an on-demand food and essential commodities delivery services firm, has raised its angel round of funding from a Delhi-based businessman.
Datasigns Technologies Pvt. Ltd., a mobile first financial technology startup has secured an undisclosed amount in angel funding.
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