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.
Mumbai-based payment app FreeCharge has received $57.2 million (INR 390 Cr) from Snapdeal’s parent company, Jasper Infotech, as per documents filed in the last week of December, 2016 at the Registrar of Companies (RoC). In April 2015, Snapdeal acquired Freecharge for nearly $450 Mn. Before its acquisition, FreeCharge had secured funding from Sequoia Capital, Tybourne Capital Management, and San Francisco-based fund Valiant Capital Management.
Square Yards, India’s online to offline (O2O) real estate transaction player, has raised $12 million investment from the Private Equity arm of Mr. Anil Ambani led Reliance Group.
Founded in 2013, Square Yards is the largest distributor for primary residential real estate in India, and it enjoys a leadership position in the Non Resident Indian (NRI) markets.
Mumbai-based e-security startup Securens Systems Pvt. Ltd has reportedly raised around $5 million (INR 35 Cr) from Trifecta Capital. Existing investor Mayfield India also participated in the current funding round. Earlier, Mayfield had invested $4 Mn in the startup in 2012 and an undisclosed amount in 2014. The raised funds will be used to increase its client-base.
Building on its growth in the first year of its inception, Unacademy – India’s largest free online learning platform – has raised $4.5 million (Rs 30 crores) in Series A funding led by Nexus Venture Partners and existing investor Blume Ventures.
The one year old startup founded in Bengaluru, allows educators to create courses using their app on various subjects, including exclusive content for various competitive exams, which can be accessed by students on their platform Unacademy.com.They are also one of the largest educational YouTube channels in India.
Mumbai and Silicon Valley-based Roambee Services India Pvt Ltd, which runs logistics solutions provider Roambee, has raised $4.1 million in a Series B round of funding. Germany’s Deutsche Telekom Strategic Investments led the round with a $3.1-million infusion while “the rest of the money came from a group of angel investors in Silicon Valley.
Media entrepreneur-turned-investor Ronnie Screwvala’s Unilazer Ventures has invested Rs 24 crore ($3.5 million) in eyewear retailer Lenskart Solutions Pvt Ltd through a secondary transaction. Unilazer now holds a 19% stake in the company while Bansal and Chaudhary hold 20%. The deal was carried out at a valuation close to Rs 2,000 crore, the report said.
Small and medium enterprise-focused online lending platform Loan Frame Technologies has raised a seed round of $2.25 million (about Rs 15 crore), the latest venture-backed transaction in the country’s web-based lending space. The investors in the round include Parag Saxena, co-founder of Vedanta Capital, William Campbell, former chairman of Visa International and Toos Daruvala, co-chief executive of MIO Partners, an internal investment arm of global consultancy McKinsey and Co. Saxena is also the founding general partner of private equity firm New Silk Route.
Skillveri Training Solutions Pvt Ltd has raised an investment of Rs 8 crores from the Michael & Susan Dell Foundation, together with Ankur Capital. Skillveri will leverage this investment to enable training of 500,000 youth for well-paying aspirational manufacturing jobs over the next five years. It also expects to expand from its current manufacturing focus to four new industries and six geographies in the future.
Bengaluru-based real-time mobile app management platform, Hansel.io has raised $1.35M from IDG Ventures. Existing investors Endiya Partners also participated in the current round of funding. The company will use the fresh funds towards the development of cross-platform capabilities, hiring and expanding its presence in the North American market. It had previously raised a seed round from Endiya Partners, Tracxn Labs, and a clutch of angel investors.
Flipkart founder Binny Bansal, has reportedly invested in a 3D Printing startup Supercraft3D, pouring in $1 Mn (INR 6.6 Cr) into the company. The company offers patient-specific visualisation solutions that help hospitals, doctors and academicians get a perspective about the anatomy, among other services.
Apart from these top 10 funding deals, here are a few startups which have also secured funding for their growth and expansion:
Bengaluru-based biometric and surveillance solutions provider SecurAX Tech Solutions has raised an undisclosed funding round. The investment was led by Axilor, Parampara Early Stage Opportunities Fund and a group of angel investors.
Bengaluru-based ServiceMonk Technologies Pvt Ltd, which operates gadget repair startup iService, has raised Rs 3 crore (about $440,000) in seed funding led by Blume Ventures.
Hipcouch, an online B2B furniture solutions startup founded by Indian School of Business (ISB) alumni Parikshat Hemrajani and Pankaj Poddar has raised around $700,000 in angel funding from a clutch of individuals that includes founders of public limited companies and fund managers.
Stylflip, India’s premium marketplace for pre-owned fashion based in Mumbai became the latest startup to receive credits to the tune of $40,000 from Facebook as part of its FbStart Program.
Innov8 Coworking has raised an undisclosed amount of funding from Dheeraj Jain, Redcliffe Capital; Punit Soni, Ex CPO Flipkart, Ex Googler and Y Combinator. The startup aims to utilize the raised funding for its expansion. It is launching India’s one of the largest coworking space in Koramangala, Bangalore on 20th January & very soon in Mumbai.
Business centres and coworking space provider InstaOffice, has raised an undisclosed amount of Pre-Series A funding led by Globevestor.
Bengaluru-based Medinfi Healthcare Pvt Ltd, a platform for searching doctors and hospitals through web and mobile app, has raised $100,000 (Rs 68 lakh) in its sixth round of angel funding.
Bangalore-based online marketplace for driving schools, Drivekool, has raised an undisclosed amount in angel funding from US-based Aavya Ventures.
NEA – New Enterprise Associates (NEA) and Orios Venture Partners-backed retail analytics provider Intelligence Node (Node Consulting Pvt. Ltd) has raised $0.75 million (Rs 5 crore) from BlackSoil Capital Pvt Ltd, a Mumbai-based specialised non-banking financial company (NBFC).
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