Here is a list of top funding deals that happened in Indian Startup Ecosystem this week. Check out a brief description about all of them.
SoftBank Likely to Invest $1.9B in Paytm at $9B Valuation
Masayoshi Son’s media and Internet conglomerate SoftBank Group is likely to put in $1.9 billion (Rs 12,000 crore) into One 97 Communications Ltd, which runs digital wallet firm Paytm. The funding is likely to value Paytm at $9 billion and SoftBank will pick up 20% stake in the payments firm, citing two individuals familiar with the transaction.
Oyo Rooms Raises $250M from SoftBank, Others
Branded budget hotels marketplace OYO, which is operated by Oravel Stays Pvt. Ltd, is closing a $250-million (Rs 1,612 crore) fundraising round led by existing investor SoftBank Group, said a media report. The recently-launched $100-billion SoftBank Vision Fund is expected to pump in $225 million in OYO, while the rest will come from Lightspeed Venture Partners India pvt Ltd, Sequoia Capital India Advisors Pvt. Ltd and Greenoaks Capital Partners LLC.
UiPath Raises $30M Series A Funding Led by Accel
UiPath Robotic Process Automation, the Robotic Process Automation (RPA) software company, has raised a Series A investment of $30 million (approx. Rs. 200 crores) led by Accel and with participation from previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp. The funding will be used to accelerate the company’s global expansion and product development.
South Asia’s Largest Collaborative Coworking Space Network Raises $20 Mn from Sequoia India
Awfis Space Solutions Pvt. Ltd., South Asia’s largest network of collaborative co-working spaces, has received an investment of USD 20 million from Sequoia India. The funds will be used to grow its network of centers, launch new and innovative products/services and further enhance the existing technology platform.
Working towards achieving its target of having an Awfis centre within a 10 minutes driving radius in each of the key metros, the company plans to establish 100+ centres with 35,000+ seats across Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune in the next 24 months. Maple Capital Advisors acted as the financial advisor for the transaction.
Data Analytics Software Company Flytxt Raises Rs. 70 Cr to Scale-Up Product Adoption
Flytxt, a fast growing customer data analytics software company, today announced that it has raised Rs. 70 crore funding from DAH Beteiligungs GmbH, a company related to the Hopp family office. The company plans to invest new funds in R&D to continue evolving its software product to further its growth in the Telecom Industry and expand to other verticals. It will also help company to execute its order book of more than Rs. 500 crore.
Flytxt offers enterprise-class customer data analytics product that can ingest, manage and analyse large volume of moving customer data to derive actionable insights.
Food Delivery Startup Faasos Raises $6.4M From Lightbox Ventures, Sequoia, Others
Pune-based online food delivery startup Faasos has filled its plate with $6.4 Mn funding in an extended Series C round of funding, as per the filings made with the Registrar of Companies. The investment is led by Lightbox Ventures II, Lightbox Expansion Fund, Sequoia Capital India, RuNet South Asia, and RB Investments. Earlier in December 2015, Faasos raised the first tranche of the Series C, amounting to $30 Mn. So far, the company has raised a total of $64.6 Mn in six rounds of funding.
Startup Advisory Platform Oddup Gets $6M Funding From Brand Capital
Hong Kong-based startup focussed research platform Oddup has secured $6 Mn in its Series A round of funding led by Brand Capital, the investment arm of Indian media conglomerate The Times Group. The round also saw participation from existing investors including 500 Startups and Click Ventures and new investors including Moneta Ventures and White Capital. This round brings Oddup’s total funding raised to $7 Mn, till date. With the freshly infused funds, the startup aims to expand into India and complete its expansion throughout Asia.
Mobile Gaming Startup Mech Mocha Raises $5M in Series A Round
Bengaluru-based mobile gaming startup Mech Mocha has raised $5 Mn in Series A round of funding led by Accel Partners and Shunwei Capital. Existing investor Blume Ventures also participated in this funding round. Mech Mocha will deploy the funds to develop and launch new mobile-gaming titles across casual and mid-core gaming categories, targeted at the Indian audience.
Nitin Khanna, US based Serial Tech-Entrepreneur Invests $5 Mn in Punjab-based Startup, Isos Inc
Portland-based serial Tech-Entrepreneur, Nitin Khanna, has invested US$ 5 million in a Punjab based startup iSoS Inc, an investee company which is developing productivity enhancement solutions like smart attendance, real-time tracking and monitoring, inventory management, cashless transactions, security management etc. The startup was also awarded as “Innovative Idea of the Year” by Tiecon Chandigarh 2017.
Founded in 2016 and based out of Mohali, Punjab, iSOS stands for Integrated Smart Office Solution which offers Smart Office software solutions such as – Beacon, Smart attendance, inventory management, Real Time Monitoring, and Live tracking.
Hyperlocal Delivery Startup Scootsy Raises Pre-Series A Funding of $3.6M
After completing a year and a half of successful business operations in Mumbai, Scootsy has raised funding of $3.6 million in a pre-series A round led by Agnus Capital and Khattar Holdings. AntFarm, Scootsy’s incubator, has also participated in this investment round.
Founded in July 2015 by Rishi Khiani and Sandeep Das, Scootsy delivers quality products to consumers quickly and efficiently. Scootsy works with a combination of leading and small-scale businesses across food, sweets and bakes, books, beauty products, fashion and gifts to offer consumers an unparalleled end-to-end experience that redefines the home delivery experience.
Apart from these top 10 funding deals, here are a few startups which have also secured funding for their growth and expansion:
Mumbai-based Haygot Education Pvt Ltd, which runs ed-tech startup Toppr.com, has raised an external round of funding of Rs 21.6 crore ($3.2 million) in a bridge round of funding, documents with the Registrar of Companies (RoC) show.
Delhi-based online media network for women, POPxo has closed $3.1 Mn Series B round of funding led by existing investors Kalaari Capital and IDG Ventures India Japan’s GREE Ventures, Summit Media (Philippines), Atul Goel, and Gurpreet Singh also participated in this round of funding.
Gurugram-based mobile services marketplace UrbanClap has raised about $3.1 Mn (INR 20 Cr) in venture debt from Trifecta Capital through non-convertible debentures.
Jaipur-based Qriyo Infolabs Pvt. Ltd, which runs home tutor provider Qriyo, has raised an undisclosed amount in Series A funding from Dubai-based investor Neelesh Bhatnagar’s NBVentures.
Mumbai-based, content platform for chronic health issues Sepalika.com announced a $750K Seed round of funding from Accel Partners.
BNT Autosoft Pvt. Ltd, which runs auto dealership and workshop management platform Autobix, has raised seed funding from UK-based auto parts maker GardX International Ltd. in return for a 25% stake.
INurture Education Solutions Pvt. Ltd, a higher education solutions provider, has raised Rs 10 crore (around $1.5 million) in venture debt from Mumbai-based non-banking financial company BlackSoil Capital Pvt. Ltd.
MintWalk, a robo-advisory platform for financial solutions, has raised funding from Poshika Financial Ecosystem Pvt. Ltd, an investment platform set up by former chief executive officer of Religare, Shachindra Nath.
Howdy Ventures Pvt. Ltd, a company based out of Chennai, has raised $1.5 Mn (INR 10 Cr) at a $3 Mn (INR 20 Cr) valuation, from S. Xavier Britto the Chairman of Kerry Indev Logistics Pvt. Ltd., against a 50% equity stake.
Bengaluru-based online pharmacy startup Myra has raised an undisclosed amount in extended Series A round of funding from Times Internet and the existing investor Matrix Partners.
Bangalore-based ZipGo Technologies Pvt. Ltd, the operator of an eponymous bus pooling app, has raised a Series A round of funding from new and existing investors.
Gurgaon-based Top Technologies Pvt. Ltd, which owns and operates coworking platform The Office Pass, has raised $245,000 (Rs 1.5 crore) in seed funding.
Bengaluru-based AI startup NIRAMAI Health Analytix has raised an undisclosed amount of funding in a Seed round led by Pi Ventures. Ankur Capital, Axilor Ventures, 500 Startups and Flipkart co-founder Binny Bansal also participated in this round.
Online fashion brand Stalkbuylove has raised $1 million in venture debt from Trifecta Capital to strengthen its supply chain technology and expand its team, the two parties said on Monday.
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