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.

Logistics Firm Delhivery Raises $100M

Delhi-based ecommerce logistics firm Delhivery has raised $100 million funding from US-based investment fund Carlyle Asia Partners, with participation from existing investor Tiger Global. In March 2015, the company had raised a massive $85 million Series D round led by Tiger Global Management with participation from existing investors, Multiples Alternate Asset Management, Nexus Venture Partners and Times Internet Limited. And in September 2014, the firm secured its Series C round, led by Multiples Alternate Asset Management.

Research Firm MarketsandMarkets Gets $56M

Pune-based global industry research and consulting company MarketsandMarkets has raised $56 million in a funding led by FTV Capital. Venture capital firm Zodius Capital came in as a co-investor, as per a statement by financial services provider Avendus Capital, which advised MarketsandMarkets on the transaction.

The research and consulting firm, which was launched in 2010, will use the funds to fuel its growth and global expansion, focused on the US and European markets.

ixigo Closes $15M in Series B Round Led by Sequoia Capital

Online travel search portal ixigo has closed its $15 million Series B round led by venture capital firm Sequoia Capital. Chinese investment firm Fosun Kinzon Capital Pte Ltd also participated in the round. The company will use the money for product capability, expansion plans as well as for brand promotion. The deal is a mix of compulsorily convertible preference shares and equity shares which was signed in January this year and closed last Friday.

MyGlamm Bags Rs 35 Cr from French Cosmetic Firm L'Occitane

On-demand beauty services provider MyGlamm has raised Rs. 35 crore from French cosmetic giant L'Occitane to expand its offerings in India ahead of beginning operations overseas. MyGlamm, seeking to establish itself as a fullstack beauty business, is preparing to introduce about 100 makeup products in India by July and take its operations global by the end of this year, with the Middle East being the first stop.

It will also introduce beauty education for customers as a certification service, in addition to the training for artists that it already offers. The company is also preparing to launch five stores in Mumbai and New Delhi this year.

Kalaari Capital Invests Rs 24 Cr in Enterprise Payment Solutions Provider Airpay

Mumbai based payment services startup, Airpay, has raised Rs 24 crore as part of a Series A round, led by Kalaari Capital and existing investors Rakesh Jhunjhunwala & Rajesh Jhunjhunwala.

Airpay was founded by Amit Kapoor, Kunal Jhunjhunwala and Rohan Deshpande, experienced technology, operations and marketing professionals. The founders witnessed first hand, various payment related hurdles faced by medium & large enterprises and decided to come together to solve a complex problem.

GrabOnRent Close to Raising $3M in Series A Round

Bangalore-based GrabOnRent Internet Pvt. Ltd, which runs product rental marketplace Grabonrent, is close to raising $3 million (Rs 19.5 crore) in Series A funding from new and existing investors. Existing investors IvyCap Ventures and Unicorn India Ventures will also participate in the round. The startup will use the funds to expand the business to other cities, including Mumbai, Delhi-NCR, Pune and Chennai. GrabOnRent currently operates in Bangalore and Hyderabad.

Keriton Raises $1.1M in Funding

Vidur Bhatnagar, a 26-year-old youngster hailing from Roorkee has raised $1.1 million (Rs 7.1 crore) for his start-up venture -- 'Keriton', which is aimed at making breast milk management easier for nurses and mothers in the case of premature babies. The pilot phase of Keriton is to be started soon with the hospital of University of Pennsylvania. Initial investors to the start-up include venture-capitalists as well as US-based angel investors.

Retail Tech Startup Mobisy Technologies Raises $382K in Bridge Round

Mobisy Technologies Private Limited has raised $382,000 bridge round from existing investor Ojas Ventures and two undisclosed angel investors. The capital will be used to expand Distiman geographically and scale up Bizom’s operations.

“Other functions, such as brand sales and engineering, are shared. In fact, Bizom is Distiman’s back-end technology, so the engineering roadmap for the products is essentially the same. Hence, the same resourcing and costs,” Arun Narayanan, co-founder, Mobisy Technologies said.

Adurcup Raises $325K in Pre-Series A Round

Adurcup, an online managed marketplace for procurements needs of restaurants in India, has secured approximately $325,000 in pre-Series A round of funding from undisclosed corporate investors and family offices, with participation from existing investors.

The capital will be used for “building stronger unit economics by bringing efficiencies in the current supply chain processes using technology”. Additionally, Adurcup plans to expand its operations in Jaipur, Lucknow and Chandigarh. Currently, the startup operates only in Delhi-NCR.

Social Startup Haqdarshak Secures Angel Funding

Bangalore-headquartered Haqdarshak Empowerment Solutions Pvt. Ltd, a tech-enabled social enterprise, has raised close to Rs 1.25 crore ($191,000) in angel funding from a clutch of investors, including WonderChef managing director Ravi Saxena and former Infosys executive Sandeep Raju. Besides, for its pre-Series A funding round, the startup has secured in-principle commitment from three social impact investors to raise as much as Rs 13.1 crore ($2 million).

Apart from these top 10 funding deals, below companies have also secured capital for their growth and expansion:

Amishi Consumer Technologies Pvt. Ltd, which runs pregnancy and baby care products firm The Moms Co., has raised an undisclosed amount in seed funding from co-founder of food startup Fingerlix and beverages firm PaperBoat Shripad Nadkarni, Nestle executive Nandu Nandkishore, and senior partners from McKinsey.

New Delhi-based India Sports Flashes Pvt. Ltd, which operates sports content app Sports Flashes, has raised an undisclosed amount in angel funding from Vikas Bajaj, joint managing director, Bajaj Motors Ltd., and Amit Kharbanda, founder, MYBOX Technologies PVT. LTD - A HERO Electronix Venture.

BabyOnBoard, a Bangalore-based parenting startup, has received an undisclosed amount of seed funding from Gana Yantrika Systems Anant Pandit.

Indian Institute of Technology, Kanpur has invested seed funding of Rs 50 lakh in Lucknow-based Decentrik Technologies Private Limited that has developed a mobile water ATM known as ‘Waah’ which will give 250mL of clean drinking water at just Rs 2.

Hyderabad-based healthcare startup, Oxa Medical has raised an undisclosed amount in Seed funding from UAE-based Idein Ventures, marking its first investment in the core healthcare industry in India.
Advertisements

Post a Comment

أحدث أقدم
Like this content? Sign up for our daily newsletter to get latest updates.