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.

UrbanClap Raises $21M in Series C Round to Fund Expansion Plans

Home services start-up firm UrbanClap has raised $21 million in a series C funding round led by Internet investment fund Vy Capital. Early investors SAIF Partners, Accel Partners and series B investor Bessemer Venture Partners also participated in the round. Existing investors also spent approximately $1 million more to buy shares held by some employees and a part of stakes of angel investors Kunal Bahl and Rohit Bansal, the founders of Snapdeal. UrbanClap, launched in 2014, plans to use the new funds to expand to more cities, invest in technology and add new vendors.

Droom Raises Rs 130 Cr in Series C Led by Integrated Asset Management and Others

At a time when funding has become the most elusive term in the e-commerce landscape with even growth-stage companies struggling to find willing investors, Droom, Indian online automobile transactional platform has proved that it stands apart from the rest yet again. It has successfully raised $20 million in its Series C round led by Integrated Asset Management and Digital Garage. A number of prominent institutional investors and family offices from China, Hong Kong and Taiwan participated in the round which is demonstrating the deep trust and confidence that brand Droom elicits today.

The round of funding is the fifth in Droom’s history and positions the platform to further disrupt the online automobile space in India. With the fresh infusion of funds, Droom has raised closed to $65 million so far, a figure which will enable it to further fortify its market domination. The newly-raised capital will be leveraged to consistently build on its tech platform and drive greater adoption of its ecosystem tools such as History, ECO, OBV and Credit.

Cross-border Payments Startup InstaRem Raises $13M from GSR Ventures and Others

InstaReM, one of APAC’s leading digital cross-border payments company has just received a $13 million investment led by GSR Ventures, with participation from SBI-FMO Ventures, Vertex Ventures, Fullerton Financial Holdings (FFH), and Global Founders Capital (GFC).

Mumbai-bred Prajit Nanu is a co-founder at InstaReM. An erstwhile global sales director of TMF Group and VP- sales and account management at WNS, he partnered with Michael Bermingham to set up InstaReM in 2014.

Singapore-headquartered InstaReM will use this investment to building out its global payment infrastructure, which has grown 8x in volumes since its March 2016 funding. The investment will also be used to boost the employee strength of its office in Mumbai where most of the company’s teams are based.

Epigamia Raises Series B Funding of 90 Cr from Verlinvest, DSG Consumer Partners and InnoVen Capital

Drums Food International, the parent company of Epigamia Greek yogurt, announced a Rs 90 Crore Series B financing. The round was led by Verlinvest, a Belgium-based consumer focused private equity group created by the founding families of Anheuser-Busch InBev, and DSG Consumer Partners (DSGCP), an early stage venture capital firm run by consumer industry veteran Deepak Shahdadpuri, and also included venture debt participation from InnoVen Capital, India’s largest venture debt provider backed by Temasek Holdings. The company plans to innovate & launch new flavours, initiate brand-building activities and increase production capacity through the new capital.

Moglix Raises $12 Mn In Series B funding From IFC, Rocketship, Others

B2B e-commerce startup, Moglix has announced closing of Series B round of funding at $12 million. The round saw participation from International Finance Corporation (IFC), a member of the World Bank Group and, along with Moglix’s existing investors Accel Partners, Jungle Ventures, Shailesh Rao, ex-VP Twitter and Google and Venture Highway advised by Neeraj Arora of Whatsapp.

Moglix is also backed by Tata Sons’ Chairman Emeritus Ratan Tata since its inception, as his maiden investment in B2B e-commerce domain.

The company plans to use funds to support the strong demand for Moglix’s robust technology solution in supply chain and manufacturing domain, infrastructure growth and geographical expansion plans.

Jumbotail Raises $8.5M in Series A from Kalaari Capital and Nexus Venture Partners

Jumbotail, a leading online marketplace for food and grocery has raised $8.5mn in Series A from Kalaari Capital and Nexus Venture Partners. Nexus Venture Partners had earlier invested $2mn in the company. Jumbotail serves thousands of wholesale customers such as kirana stores and Horeca businesses in Bangalore. The company plans to utilise the funds for building cutting edge technologies and enhance operational capabilities to deliver the best customer experience in the wholesale food and grocery sector.

Founded in Nov 2015 by Stanford alumni S. Karthik Venkateswaran and Ashish Jhina, Jumbotail’s vision is to organise the food and grocery ecosystem in India using technology, data science and design.

Ecolibrium Energy Raises $2.6M Led by Infuse Ventures and JLL

Ecolibrium Energy, a market leader in Energy Analytics, has announced its funding of $2.6 million led by Infuse Ventures, JLL and an angel investor.

A leading provider of Energy Analytics for industrial and commercial enterprises, Ecolibrium Energy currently services more than 500 multinational clients across various sectors such as Engineering, Pharmaceuticals, FMCG, Utilities, et al.

Businesses across the globe have started to use IoT platforms and energy data for data-driven management, which enhances operational and financial efficiency. Ecolibrium’s Energy Analytics Platform – SmartSense, helps users take crucial operational decisions for optimizing Energy costs and asset uptime through proprietary patented predictive maintenance algorithms, saving up to 15% of energy and asset maintenance spends. Across their existing customer base SmartSense manages, 1300 MW of energy and 12000+ equipments with 100+million data points captured daily.

India Quotient, Shunwei Capital Bets $1 Mn In Bengaluru Based Clip App

Bengaluru-based digital media video startup, Clip App has raised close to $1 million in a seed round led by India Quotient and Shunwei Capital, a China-based investment firm.

The company plans to utilize freshly infused funds to enhance it’s product features for the video only app. The startup which claims have an organic growth of over 100,000 users within three months, largely from tier-II and tier-III markets plans to focus on acquiring users over the next two to three years.

Reliance Capital Arm Invests $1M in Fintech Company Billionloans

Bengaluru-based Billionloans has announced that it had closed a seed funding round of approx. Rs 7 crore ($1 million) from Reliance Corporate Advisory Services Limited, a wholly-owned subsidiary of Reliance Capital.

Mr. V Balakrishnan, the ex-Member of the Board of Infosys, Chairman of Exfinity Venture Fund and one of the early investors in the company, is currently the Chairman of Billionloans.

Billionloans is a technology-enabled financial services company, focused on providing flexible and affordable financing options to individuals and small businesses that have so far found it difficult to access loans from the traditional banking system to meet their aspirations.

BCCL Invests in Home Services Startup Timesaverz

Mumbai-based Timesaverz Dotcom Pvt. Ltd, which runs an online marketplace for home services, has raised $1 million (Rs 6.5 crore) from media conglomerate Bennett, Coleman and Co. Ltd (BCCL).

Debadutta Upadhyaya, co-founder and CEO of Timesaverz, said the company raised the funds through an ad-for-equity deal, which is how BCCL typically invests. According to the company’s filings with the Ministry of Corporate Affairs, it raised the sum in January by issuing five warrants valued at Rs 1.3 crore each.

Apart from these top 10 funding deals, here are a few startups which have also secured funding for their growth and expansion:

ZanDeal, a stealth-mode Sino-Indian online marketing analytics startup, has raised $150,000 (around Rs 96 lakh) from US-based investor Sean Chan.

Gurgaon-based Avenue Growth which connects brands to free-lance sales specialist, has raised an undisclosed amount of angel funding led by Aditya Malik (CEO, Talentedge & Partner at Lumis Venture Partners), @BCGSV (Brand Capital-Global Silicon Valley Fund) and a group of high net worth individuals (HNIs) including Haresh Punjabi, Rahul Mehta and Akhilesh Kumar.

Gurgaon-based Just4kids Services Pvt. Ltd, which operates parenting blog and kids’ events discovery startup, has raised fresh capital from one of its existing investors and a clutch of high net worth individuals.

Cashify (formerly known as ReGlobe), which runs an online platform to sell used gadgets, has raised a Series A round from new and existing investors.

Bengaluru-based cloud computing platform Minjar that was founded in 2012 by tech professionals Vijay Rajapati, Anand, and Aparna Sharma, Minjar, has raised fresh funding led by Blume Ventures.

Financial advisory startup Upwardly (Triskaidekaphillia Solutions Pvt. Ltd) has raised seed funding from a clutch of senior finance industry executives to fuel growth.

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.