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.
Private equity firm KKR-backed investment platform, Emerald Media, has led $35 Mn in Series D round of funding in cloud-based geo-targetted ad firm, Amagi Media Labs. Premji Invest, the investment handle of existing investor, Azim Premji also participated in the round. Post the investment, Emerald Media will hold a minority stake in Amagi. Early backers Mayfield India and Nadathur Holdings will remain invested in the Bengaluru- headquartered media technology startup.
Epsilon Venture Partners, the pan-Asian technology focused fund manager (Epsilon) along with a major Australian private equity group, has invested Rs. 154 crores ($23 million) in Pi DATACENTERS (Pi), India, an enterprise class datacenter and cloud service provider. Pi is headquartered at Amaravati, the capital of the newly re-organised state of Andhra Pradesh. Epsilon will be actively involved in assisting with the build and growth of Pi, having already introduced local blue-chip prospective clients.
Socure Inc, a digital identity verification company, has raised $13 million in funding led by international venture capital fund Flint Capital. The round also saw participation from ff Venture Capital, Santander InnoVentures and Two Sigma Ventures, among others.
B2B commerce company OfBusiness has raised about $11 Mn (INR 75 Cr) in a round led by Zodius Capital. Existing investor Matrix Partners also participated in the round. The Gurgaon-based company raised $5 million (Rs 34.2 crore) in Series A funding led by Matrix Partners India in February earlier this year. Angel investors Apoorva Patni, Bhavish Aggarwal, Pranay Chulet, Prashant Malik, Rohit M A and Sumesh Menon also participated the round.
Edtech startup, XSEED Education, has raised $10M funding in Series B round led by Verlinvest, a Belgium-based international venture firm. Proceeds from this round of investment will be utilised by XSEED to scale its footprint to reach 10 million children by strengthening its technology platform, international footprint, and brand in the K-8 elementary education space.
Indifi Technologies, an enabler of micro, small, and medium enterprises (MSME) financing in India, announced today it has raised $10 million in a Series B investment round led by philanthropic investment firm Omidyar Network, established by the founder of eBay, Pierre Omidyar. Existing investors Accel Partners and Elevar Equity also participated in the round. Indifi Technologies, while maintaining its focus on MSME businesses, intends to direct the investments towards furthering its products and technology.
Pocket Aces, one of the biggest original digital content creators in India, has raised $3 million from a group of global investors led by Sequoia Capital India, including North Base Media, T.V. Mohandas Pai led Aarin Capital, 3one4 Capital, Axilor Ventures, and FreeCharge founders, Kunal Shah and Sandeep Tandon, among others. Pocket Aces was founded in 2014 by Ashwin Suresh and Anirudh Pandita, both engineers, former investment bankers and private equity professionals, who moved to India with a mission to create high quality local content for millennials.
Fresh Food Concepts Inc, a cold-pressed juices startup based out in Delhi-NCR has secured $2 Mn in a Pre-series A round led by angel investors Siddhartha Gupta and Ashvin Chadha. Available in over 250 locations across Delhi NCR, Juice Up offers a range of 100% raw and fresh cold pressed juices. The current round of funding will be utilised for upgrading the production facility, enhancing the sales and distribution network, branding and marketing and to explore new products over the next phase.
FITPASS, the all-access pass to gyms and fitness studios, has raised $1 million in seed funding from Mumbai Angels and a consortium of Delhi and Bangalore based Angels. FITPASS, a pioneer in the fit-tech space in India, breaks all the barriers to fitness for its consumers. Priced at only Rs.999 a month, this all-access app based pass is not only significantly cheaper than a regular gym membership but also provides its users freedom from long term contracts and yearly upfront payments.
Indore based discount broking start up TradingBells, today announced that it has raised Rs 2 crores as seed funding from leading Mumbai based stock broker Swastika Investmart Ltd. The startup plans to utilize the funds in hiring talent, expanding office infrastructure, technology upgradation and customer acquisition.
Apart from these top 10 deals, below startups have also secured capital for their growth and expansion.
HR analytics startup inFeedo has raised funding of $200K from a group of investors led by Dheeraj Jain, Managing Partner, Redcliffe Capital and Anupam Mittal, CEO of Shaadi.com.
Online marketplace for women clothing, Wooplr has raised an undisclosed amount of funding from Anand Chandrasekaran, Director, Facebook India.
Alagrand has raised Undisclosed amount of angel investment at Valuation of 20 crore.
Gurugram-based traveltech startup Qacco has raised $150K in an angel funding round led by Lead Angels Network (LAN).
Fitness startup FitMeIn has received an undisclosed amount of Pre-Series A funding from Japanese digital healthcare company, FiNC and follow-on funding from current investors, GHV.
Bengaluru-based IoT solutions provider for the automobile industry Vehico has raised an undisclosed angel investment from Calcutta Angels Network (CAN) and Appliyifi Investment Network, an online platform for startup investments.
Comet, a marketplace for international freight services has raised an undisclosed amount in a seed funding round led by India Quotient, the Mumbai-based early stage VC fund.
Bengaluru-based medical grade wearable device startup, ten3T has raised an angel round of funding from Pi Ventures.
User analytics and engagement platform, MoEngage, has raised an undisclosed amount of investment from Anand Chandrasekaran, the Head of Platform & Product Partnerships for Messenger at Facebook.
SERV’D, a Pune-based startup, has received a $100K grant from Digital Financial Service (DFS) Lab.
Online travel marketplace for holiday bookings TripShelf has raised $235.6K (INR 1.6 Cr) in a Pre-Series A round. The investment was led by GEMS Advisory Group and early stage VC fund Quarizon.
Events High, an events and activities marketplace has raised its first round of funding from Axilor.