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.
JP Morgan Asset Management has invested about Rs 200 crore ($30 million) in Assetz Property Group,a Singapore-headquartered firm that develops residential and commercial properties in southern India. “The money will be used to build an 18.5 acre residential project in north Bangalore. The capital will be given in the form of equity by JP Morgan,” said Akshay Dewani, director, Assetz Property Group. “We will be raising capital for logistics vertical first and plan to have a 10 million sq ft portfolio over the next four years,” he added.
In yet another major milestone achieved, Revv, the Delhi-NCR based shared mobility solutions platform has announced USD 9 Mn of funds raised, across equity and debt. Series A equity funding was led by Edelweiss Private Equity, and debt funding from financing partners such as Mahindra & Mahindra Financial Services and car leasing partner LeasePlan India.
The start-up already counts the likes of Gautam Kumra (recently elected India MD of McKinsey & Company), Rajat Dhawan (Mentor to McKinsey’s automotive practice) and Ananth Narayanan (CEO of Myntra), as its angel investors.
Chalk Farm Ventures Pvt. Ltd, which runs consumer lending startup ZestMoney, has raised $6.5 million (Rs 44 crore) in a Series A round of funding led by Naspers-owned online payments firm PayU. Existing investors Ribbit Capital and Omidyar Network also participated in the round.
Fashion e-tailer StalkBuyLove has raised around Rs 41 crore ($6 million) in its Series A funding round led by Kalaari Capital, as it looks to expand its business in a market that is increasingly getting crowded.
Germany’s VCDE Venture Partners and investment firm TTM Holding AG also invested in this round, the company disclosed in its filings with the Registrar of Companies.
On-demand delivery portal UrDoorStep has raised about $1.4 million (INR 10 Cr) in a bridge round. The round saw an undisclosed HNI investing about $733K (INR 5 Cr) and an equal amount coming in as debt from Lakshmi Vilas Bank. The company had raised $300,000 (Rs 2 crore) in a bridge round of funding from CP Murali, former chief operating officer of US-based telecom software firm Aricent Inc. in July this year.
Bengaluru-based artificial intelligence startup niki.ai has raised Rs 3 crore in a new round of funding led by Haresh Chawla, a partner at India Value Fund Advisors (IVFA). Existing investor Ronnie Screwvala’s Unilazer Ventures also participated in this round, the startup disclosed in its ROC filings.
Investment advisory platform WealthApp has raised Rs 3 crore ($445,000) from a clutch of investors including Venk Krishnan, managing partner at NuVentures, and M J Aravind, co-founder of Daksh eServices that was later acquired by IBM. Other investors including Vikram Kotak, managing partner at Crest Capital and Investment, Jayant Davar, co-chairman & MD at Sandhar Group, Ramkumar Nishtala, MD & CEO at Vistaar Finance, and Arjun Sharma, chairman of the Select Group also participated in the seed round of funding.
WittyParrot, a cloud-based content delivery platform has raised Rs 3 crore ($450,000) in seed investment from Mumbai Angels and a few Silicon Valley-based angel investors. The startup will use the funds to expand its sales team grow its footprint in the US and India, Anil Jwalanna, co-founder and chief executive of WittyParrot said in a statement on Friday.
Tech-based automobile servicing solutions start-up GoMechanic has raised $250,000 in seed from Venture Catalysts. GoMechanic was founded in April this year by IIM-Ahmedabad alumni Amit Bhasin and Kushal Karwa. Later, Nitin Rana and Rishabh Karwa joined the founding team.
Delhi-based fintech startup that facilitates peer-to-peer lending, Rupaiya Exchange, has secured $200K in its angel round of funding from HNIs and a group of professionals. The company plans to deploy the raised funds towards enhancing its technology and strengthening its team.
Apart from these top 10 deals, below startups have also secured capital for their growth and expansion.
On-demand, self-drive bike rental platform, ONN BIKES has raised an undisclosed amount in funding from Grace Capital Ventures.
Foodtech startup MrHot Foods has raised an undisclosed amount in a Seed funding round led by IvyCap Ventures.
A mobile application that address pet parent’s’ needs, TailsLife has secured an undisclosed amount of angel funding in a round led by Mohan Kumar, Executive Director Norwest Venture Partners India and LetsVenture’s V. Balakrishnan.
Online event booking platform BookEventz.com has raised an undisclosed amount of funding in an angel round led by Mumbai Angels with Girish Mathrubootham (The Chennai Angels) and Anbu Pandian (PanZeea Solutions) and other investors on LetsVenture.
Delhi-based retailers networking platform Netree E-Services Pvt Ltd has raised undisclosed funding in Pre-Series A round led by The Chennai Angels and LetsVenture.
Fashion based social media mobile application Look At Me has raised an undisclosed amount in Seed funding round from Eros Labs.
Private equity firm Samara Capital has picked up stake in Gujarat-based stent-maker Sahajanand Medical Technologies.
Hexagon Nutrition raises Series A funding from Somerset Indus Capital
Soothe Healthcare, a feminine hygiene startup has received funding of an undisclosed amount from Darshan Patel, founder of Paras Pharma and Vini Cosmetics
Beauty e-commerce startup Nykaa raises fresh funding from Max Ventures
Bengaluru-based Vehico that develops Internet of Things (IoT) solutions for the automobile industry has received an undisclosed amount of angel investment from Calcutta Angel Network and Appliyifi, an online platform for startup investments.