Weekly Startup Funding Recap - 29 April - 5 May'19

Solar Tech Startup ZunRoof Raises $1.2 Mn from Godrej family office

Gurgaon headquartered ZunRoof, a solar tech startup, has raised a fresh round of pre-series A funding of $1.2 million from Godrej family office. ZunRoof, which has designed solar rooftops for over 10,000 residential houses, plans to use the funds raised in its expansion and further strengthen its pr.. Read More

Ex-Deutsche Bank Head Founded InCred Raises $85 Mn from FMO of the Netherlands

Mumbai-based InCred Finance, a tech-enabled non-banking financial company (NBFC), has raised Rs 600 crore (~ US$85.68 million) in a series A funding round led by FMO, a Dutch development bank based out of The Hague, Netherlands. Other investors who contributed to the round include US-based asset man.. Read More

Pune-based Industrial IoT Firm Altizon Raises $7Mn from TVS Motor’s Singapore Subsidy

Pue-based Altizon Inc, a global Industrial IoT (IIoT) platform company addressing the manufacturing industries, today announced the closure of its series A+ funding round of $7 million. This important round was led by TVS Motor Company (Singapore) Pte. Limited, the Singapore based Subsidiary of TVS... Read More

Vizag Startup Geo Climate Receives An Offer for ₹2 Cr Funding from GAIL

Vizag, Andhra Pradesh-based startup, Geo Climate Risk Solutions Pvt. Ltd. (Geo Climate), has received an offer for funding of ₹2 crore from Gas Authority of India Limited (GAIL), India’s largest state-owned natural gas marketer, reported The Hindu. Geo Climate builds Environmental Risk M... Read More

Ex-Paypal-ians’ EdTech Startup GUVI Raises ₹ 1 Cr from Gray Matters Capital’s edLABS

GUVI, an online skill acceleration and hiring platform for IT Skills where students learn to code in Vernacular Indian languages, has today announced that it has raised its first institutional round of funding from US based impact investor – Gray Matters Capital. Incubated at IIT Madras, GUVI... Read More

B2B Payments Startup EnKash Raises $3 Mn in Series A from Mayfield India and Axilor Ventures

Mumbai-based Nehat Tech Solutions Pvt. Ltd., which owns and operates b2b payments platform EnKash, has raised $3 million in a Series A round from venture capital firms Mayfield India and Axilor Ventures. The startup will use the funds raised in hiring top executives and to expand its technology and... Read More

Solar Startup CleanMax Solar Raises $39 Mn from UK Climate Investments

CleanMax Solar, a leading rooftop solar developer, has raised ₹275 core (~ US$39 million) in investment from the United Kingdom (UK) Climate Investments LLP (UKCI), which is a joint venture between the Green Investment Group and the U.K. Government’s Department for Business, Energy and... Read More

eSports Platform Mobile Premier League Raises $35.5 Mn from Sequoia India, Times Internet, Other

Mobile Premier League (MPL), the fastest growing mobile eSports Platform in India today, announced a Series A investment of USD 35.5 Million, led by Sequoia India, Times Internet, and GoVentures with participation from other investors including RTP Global, BeeNext, Base Growth, and Venture Highway... Read More

Top 10 Startup Funding This Week [24 – 29 April]

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.

Top 10 Indian Startups Funding This Week [10 – 15 April]

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.

Ola Raises Fresh Rs 1,675 Crore from Softbank

Japanese investor SoftBank has pumped in about Rs 1,675 crore in fresh funding in homegrown Uber-rival Ola. The fresh funding will give the Bangalore-based online transportation network firm a more muscle to give stiff competition to Uber.
According to the filings recorded with the Registrar of Companies (RoC), SoftBank subsidiary SIMI Pacific Pte picked 12,97,945 shares valued at Rs 10 at a premium of Rs 12,895 in Ola’s parent company ANI Technologies.

The allotment of shares was done in November last year, showed the RoC.

Diabetes Care Provider Dr Mohan’s Raises Rs 66 Cr in Series A Funding for Expansion

India’s largest exclusive diabetes care provider, Dr. Mohan’s Diabetes Specialities Centre today announced that it has raised Series A investment of $10.23 million (Rs. 66 crores) led by Lok Capital advised Growth Fund – the third fund from Lok. This is the first round of institutional funding for Dr. Mohan’s, since its inception in 1991.Dr. Mohan’s will use the funds to scale rapidly; develop a pan-India presence and grow from a base of 25 clinics to 100 in the next 4 years. This round of funding also counts Evolvence India Fund as co-investor. Venky Natarajan, Managing Partner, Lok Capital and Ajit Kumar, Managing Director, Evolvence India Fund will join the board of Dr. Mohan’s. Veda Corporate Advisors (“Veda”) was the exclusive financial advisor to Dr. Mohan’s for this transaction.

Cox Kings Founder Urrshila Kerkar Invests $7.7M In WeAreHolidays

NCR-based holiday planning startup WeAreHolidays has secured $7.7 Mn in its Series B round of funding led by Urrshila Kerkar, founder and promoter of Cox & Kings. She has reportedly picked up a 50% stake in the company, in an investment facilitated in her personal capacity. The funding will be used to relaunch its app on the Android and iOS. It will also be used to develop the company’s social media-driven approach to travel.

Lendingkart Raises Rs30 Cr in Debt from Anicut Capital

Lendingkart Group, an online lender to small and medium enterprises (SMEs), has raised Rs30 crore in debt from Anicut Capital, the company said on Thursday. Lendingkart will use these funds to expand its loan book and expand to more regions in India.

In June 2016, the company raised $32 million in series B round of debt plus equity funding led by Betelsmann India Investment.

Ninjacart Raises Rs 37 Cr from Nandan Nilekani’s Trust, Others

Bengaluru-based B2B agrimarketing platform ninjacart has raised $5.5 Mn from Accel Partners- India, Nandan Nilekani’s NRJN Trust, Mistletoe, Qualcomm Ventures, and M&S Partners. Ninjacart will use fresh funds to expand its team and invest in supply chain automation, technology and data science. The platform connects farmers to end retailers like grocery stores, supermarkets and restaurants that buy fruits and vegetables.

Tech-Enabled Rental Brokerage Company, FastFox.com Raises Rs 30 Cr in Series A Funding

India’s tech-enabled rental brokerage company, FastFox.com has raised Rs. 30 crore from Lightspeed India Partners, Blume Ventures, CyberAgent Ventures and others, in Series A financing. The company plans to invest the funds to improve its technology solution, perfect its service delivery model and expand the team across engineering, sales and operations. GrowX ventures and IMJ Investment Partners also participated in the round.

Based out of Gurgaon, Fastfox was started by Pallav Pandey and Mukul Bhati in Nov 2014, had earlier raised Rs. 6 Crore in 2015 in Seed round also led by LightSpeed India Partners.

Mumbai-Based Logistics Startup Emiza Raises $4.5M

Mumbai-based third-party logistics startup Emiza on Thursday announced that it has raised $4.5 million, in a funding round led by Mayfield. The round also saw participation from existing investors Nishant Rao, COO, Freshdesk, and Dileep Nath. The funds will be primarily used to expand the business to other geographies, in hiring a robust leadership team, and to focus on technology.
This is the third round of funding for the logistics startup, which was started in early 2016 by Ajay Rao and Rajesh Sharma.

HackerEarth Gets $4.5M in Series A Funding

Professional talent management startup HackerEarth has raised $4.5 Mn (INR 30 Cr) in an equity financing round led by US-based DHI Group Inc. The California- and Bangalore-based startup plans to use the money to strengthen its product team and expand its business internationally, among other purposes.

Capital Float Bags Rs 15 Cr from Mahindra and Mahindra Financial Services

Bengaluru-based online lending platform for SME’s Capital Float has raised $2.3 Mn (INR 15 Cr) from Mahindra and Mahindra Financial Services. The funds have been raised against the allotment of non-convertible debentures (NCDs). The Bengaluru-based company, which lends to small and medium businesses (SMEs), had raised Rs 17 crore from IFMR Capital Finance through NCDs in December.

Work Automation Platform Squad Raises $2.1M from India & Valley-based Investors

San Francisco and New Delhi-based enterprise startup Squad has raised $2.1 million from India and Valley-based investors like Blume Ventures, Contrarian Capital, 91slingshot, Emergent Ventures, Abstract Ventures, Anthill Ventures, Axilor Ventures, as well as from angel investors, Gokul Rajaram, Product Engineering Lead at Square, and Shamik Sharma, Senior Technology Advisor at Myntra.
Squad will use the funds to scale its platform by expanding the technology, product and data teams in India and the sales team in the US.

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

Delhi-based e-learning and skills development startup Simulanis has raised an undisclosed amount of funding led by Village Capital.

Mumbai-based logistics startup Emiza Supply Chain Services Pvt. Ltd has raised its first round of institutional funding, according to a person close to the development.

Hyderabad-based Vicinia Retail Pvt. Ltd, which operates food delivery startup TinMen, has raised an undisclosed amount of funding from MAPE Advisory Group, Sify co-founder R Ramaraj and Corvus Ventures, which is led by Mahesh Reddy of MAPE Advisory.

Health foods startup Kiji Foods has raised Rs 3 crore ($464,000) in angel funding from Shekhar Sahu and Kunal Sinha, co-founders of Healthcare Magic which was acquired by Ebix Inc.

Gurgaon-based fund Redcliffe Capital on Wednesday said it has invested in an online retailer of safety and hygiene products, SafetyKart.com Retail while the company has moved its private label brand and product PeeSafe to a newly founded entity Redcliffe Hygiene.

Mobikwik has received about Rs 6 crore (about $930,000) from existing investor Cisco Investments India Pvt. Ltd and Bennett Coleman & Co Ltd (BCCL) as part of its $50-million Series C round.

Delhi-based Purple Panda Fashions Pvt. Ltd, which operates online-first lingerie and sleepwear retailer Clovia, has attracted two new investors in a fresh round of funding nearly two years after its Series A round.

WAH Holidays Pvt. Ltd, which operates online travel marketplace WeAreHolidays, has raised an undisclosed amount in its Series B round led by Urrshila Kerkar, a director on the board of Cox & Kings Ltd.

Noida-based Alcis Sportswear, a sportswear startup, has raised an undisclosed amount of funding from Singapore-based venture capital firm RB Investments, according to a source familiar with the development.

Gurgaon-based BTB Marketing Pvt Ltd, which runs a chain of beer bars under the brand The Beer Cafe, has raised an undisclosed sum from Singapore-based RB Investments.

Pune-based Engazify owned by Emrec Technologies Pvt. Ltd. has raised an undisclosed amount of funding from a silicon valley based HNI angel investor, Vaibhav Domkundwar.

Global SaaS platform for SMEs, Omnify has secured $150K from Rajan Anandan ( VP, Southeast Asia and India, Google); L.D Sharma (CEO, Shoogloo Group and MD, Optimise Media Group, India); and Saurabh Arora (founder and CEO, Airwoot).

New Delhi-based India Sports Flashes Pvt. Ltd, which operates sports content app Sports Flashes, has raised an undisclosed amount in fresh angel funding from wrestler and Olympic medallist Sushil Kumar, and Global Edusports Ventures’ Sandeep Singh.

Corporate Mergerware Solutions Pvt. Ltd, a startup that provides software solutions for post-merger and acquisition integration, has raised $100,000 (about Rs 65 lakh) from existing investor Philippe Bouchet, who is a former vice president at French energy management firm Schneider Electric.

Top 10 Startup Funding This Week [03 – 08 April]

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.

HealthCare at Home raises $40M from Quadria Capital

Home-based medical services provider Health Care at Home India (HCAH) has secured $38.5 million (INR 250 Cr) from healthtech-focussed PE firm Quadria Capital. The company will use the money to build infrastructure, which includes expansion in nearly 25 cities. It aims to be reach Rs 1,000 crore in sales by 2020. For Quadria Capital, which only looks at investments in healthcare, this is the first of such model in India that it has invested in. HCAH, promoted by Gaurav Burman, offers high-end healthcare delivery services like ICU care, kidney dialysis, cancer care treatment at home.

Medwell Raises $21M from Mahindra Partners, Others

Home healthcare service provider Medwell Ventures has raised $21 million in Series B funding led by Mahindra Partners with participation from existing investors Eight Roads Ventures and US-based F-Prime Capital Partners. “We will use the funds to grow in existing cities as well as expand to newer regions. In FY18, we plan to expand to NCR (National Capital Region) and Chennai and later in eastern India,” said Vishal Bali, co-founder and chairman of Medwell Ventures.

Health tech Startup PharmEasy Gets $16M in Series B Round

Mumbai-based pharma platform PharmEasy has raised $16 million in Series B round led by Bessemer Venture Partners and Orios Venture Partners. With the newly raised round, the startup aims to expand its geographical presence in India and also seeks to penetrate further into its existing markets to bolster category-leadership position. PharmEasy is currently operational in seven cities – Mumbai, Delhi, Bengaluru, Kolkata, Pune, Jaipur and Ahmedabad with over 150 partner vendors. The startup is looking to strengthen its tech team.

Eruditus Raises Rs 53 Cr from Bertelsmann India

Edtech startup Eruditus Executive Education has secured about $8 million (INR 53 Cr) in a Series B round led by Bertelsmann India Investments. The company plans to use the funds to add new programmes with the existing and new university partners as well as expand its geographical reach to China, Latin America and Europe.

Norwest, Kalaari Capital Lead $7M Funding Round in Pune Based ElasticRun

Kalaari Capital and Norwest Venture Partners have led a $7 million funding round in ElasticRun, a Pune-based stealth startup. The financing was completed in two tranches, with the first tranche of about $2 million coming through in April last year. The year-old startup, which has largely been in stealth mode, will use the proceeds to further build its technology infrastructure, on-board talent and expand operations.

Fintech Startup Perfios Raises About $6M from Bessemer VP

Bengaluru-based fintech firm Perfios has reportedly raised $6.1 million (INR 40 Cr) in Series A funding round from Bessemer Venture Partners. “We will use the funds for three core areas -team expansion from our current strength of 55 people, international expansion by strengthening our presence in the UAE and Southeast Asia where we already serve clients, and potential acquisitions,“ Govindarajan said.

FastFox.com Raises Rs. 30 Cr in Series A Funding

FastFox.com has raised Rs. 30 Crore from Lightspeed India Partners, Blume Ventures, CyberAgent Ventures and others in Series A financing. FastFox.com is India’s first tech-enabled rental brokerage company. The company plans to invest the funds to improve its technology solution, perfect its service delivery model and expand the team across engineering, sales and operations. The company started by Pallav Pandey and Mukul Bhati in Nov 2014, had earlier raised Rs. 6 Crore in 2015 in Seed round also led by LightSpeed India Partners.

Lending Platform CASHe Raises Rs 25 Cr in Series A Funding

Aeries Financial Technologies Pvt. Ltd., a fintech company promoted by serial entrepreneur and private equity investor Mr. V. Raman Kumar, today announced that CASHe, India’s growing app-only lending platform for young professionals has closed a series A funding from investor group led by Mr. Mathew Cyriac and advised by Florintree Advisors. The funding will further increase CASHe’s scale of business and solidify its position as the leading app-only lending platform. The company also announced that it has appointed Dr. Pulak Ghosh and Mr. Mathew Cyriac to its Board of Directors.

Whatfix Gets Rs 24 Cr in Series A Round Led by Stellaris

Bengaluru-based startup, whatfix has raised $3.69 Mn (INR 24 Cr) in Series A funding led by Stellaris Venture Partners with the participation of existing VC investors Helion Venture Partners and Powerhouse Ventures. The Bengaluru-based company will use the capital to strengthen R&D and aggressively grow its presence overseas, especially in the US where 60% of its existing customers are based.

Ready-to-Cook Fresh Food Solutions Brand Fingerlix Raises $3M in Series A Funding

Fingerlix, the fresh, ready-to-cook food solutions brand targeted at today’s progressive home makers has scaled a significant milestone by raising $3 million from Zephyr Peacock (ZP)in its Series A round of funding. After having successfully made its presence felt in a few parts of Mumbai, Fingerlix had recently branched out in Pune and had also launched a new delicacy, PuranPoli to further diversify its product portfolio. The fresh capital comes at the perfect juncture in Fingerlix’s growth trajectory and will be leveraged to further intensify its operations in Mumbai, expand into newer geographies of Pune and Bengaluru and build on its highly successful product line, besides hiring new talent to scale up the team.

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

Chennai-based fresh-produce distribution startup WayCool has secured $2.7 Mn from early-stage venture capital firm Aspada Investments.

Gurugram-based Twenty Two Motors Pvt Ltd has raised $1.6 Mn in a Pre-Series A round of funding led by Ishwar Singh, CEO, Haryana Industries.

Online budget hotel brand and booking platform RedDoorz has raised $1 Mn venture debt from InnoVen Capital.

Sanjeev Kapoor’s online store for kitchen products, Wonderchef has received an undisclosed investment from French group Labruyere Eberlé.

Cricketer Yuvraj Singh’s investment fund YouWeCan Ventures has invested an undisclosed amount in Gurugram-based Startup Buddy. With this move, Yuvraj will join the company’s Board.

Noida-based online healthcare startup QorQL has secured an undisclosed amount of funding from ecommerce and payments platform Paytm.

Bengaluru- and Singapore-based data analytics startup DataWeave has secured an undisclosed amount in funding from Japanese ad-tech company, FreakOut Group.

NanoSniff Technologies Pvt. Ltd, an IIT Bombay-incubated company, has raised $300,000 (Rs 2 crore) from crowdfunding platform 1Crowd and its investor community.

Delhi-based healthcare tele-consultation platform Konsult App Pvt Ltd has raised $500,000 (Rs 3.25 crore) in two rounds of seed funding from a consortium of investors from the US, the UK, Netherlands and Australia.

Intercity logistics marketplace Trukky is raising $500,000 (Rs 3.25 crore) in a pre-Series A funding round from existing as well as new angel investors.

Enterprise IoT solutions startup Tyre Express has raised an additional undisclosed amount in seed round from Rohitash Gupta, CFO of a BSE-listed knowledge process outsourcing company.

Mumbai-based Edtech startup Testbook.com has raised an undisclosed amount of Series A funding from Matrix Partners India.

Capital International Inc has acquired a 3% stake in Ahmedabad-based Intas Pharmaceuticals Ltd.

Online counselling startup GrowthEX has raised an undisclosed amount of funding from a clutch of angel investors.

Top 10 Startup Funding This Week [27 March - 01 April]

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.

Dropbox to Raise $600M Credit Line Led by JPMorgan

Dropbox Inc. is raising a $600 million credit facility from six banks led by JPMorgan Chase & Co., reported ET, as the cloud file-sharing startup pushes toward an initial public offering as soon as this year. The San Francisco-based startup has been meeting with bankers to discuss plans to list, people familiar with the talks said. While the company hasn't set specific timing, potential advisers believe it will be ready to go public by the end of this year.

Greenko Energy Raises $155M from GIC, ADIA

Renewable energy firm Greenko Energy Holdings Pvt Ltd has raised $155 million (around Rs 1,008 crore) from existing investors Singapore’s sovereign wealth fund GIC and Abu Dhabi Investment Authority (ADIA). The firm will use the funds to expand its clean energy portfolio to 3 gigawatts from 2GW. The funds will contribute to the continued growth of Greenko’s platform through the development of new renewable energy projects, including recently-acquired solar projects, and expansion of existing wind farms.

Cloud Based Enterprise Software Firm Icertis Bags $25M

Cloud-based enterprise software firm Icertis Inc has raised $25 million (Rs 175 crore) in a Series C funding round led by B Capital Group, taking the total it has received so far from investors to $46 million (Rs 300 crore). Existing investors Ignition Partners, Greycroft, e.ventures and Eight Roads Ventures also invested in the new round. The development comes exactly a year after the firm raised $15 million in its Series B round.

Bengaluru Based Gourmet Meat Brand Licious Gets $10M in Series B Funding

Bengaluru based leading gourmet meat brand, Licious, run by Delightful Gourmet Pvt. Ltd, announced today that it has secured $10 million in a Series B funding round led by Mayfield India, 3one4 Capital, Sistema Asia Fund and Neoplux Technology Fund. The investment is expected to boost business growth for the company and facilitate its expansion plans in other markets like Hyderabad and Delhi-NCR. In a highly commoditized space, this investment will fuel the company’s innovation efforts which have helped the brand achieve a differentiated consumer perception in a short time.
BigBasket Raises Rs 45 Cr Venture Debt from Trifecta Capital

Online grocery retailer BigBasket has raised ​ Rs 45 crores of venture debt from Trifecta Capital. The funds will be used to meet the capex requirements of the company including setting up new warehouses, strengthening the cold chain and setting up facilities for reprocessing of fruits & vegetables.

GVFL Invests $4.6M in Ahmedabad Based Varmora Plastech

Venture capital firm GVFL Ltd (formerly Gujarat Venture Finance Ltd) has invested Rs 30 crore ($4.6 million) in Varmora Plastech Pvt Ltd (VPPL), a homeware manufacturer. VPPL will use the proceeds to further expand its product range and market reach. The company sells its products under the brand Varmora through 75 distributors. It also uses retail and online channels to export its products outside India.

Solar Power Solutions Startup Oriano Gets $3M

Oriano Solar, a Mumbai-based startup that specializes in turnkey solar solutions, has raised Series A funding worth $3 million (around Rs 20 crore) from Samridhi Fund, which is managed by SIDBI Venture Capital Ltd, a wholly-owned subsidiary of Small Industries Development Bank of India (SIDBI). The company will use the fresh capital to expand its project management and business development teams in addition to establishing offices across India.

M Power Gets Fresh Capital from IndiaNivesh

Non-banking finance company M Power Micro Finance Pvt Ltd. has raised Rs 18 crore in equity capital in a deal that involved both primary and secondary transactions.

Fintech Platform Perpule Raises $650K from Kstart and Others

Kstart Capital, a Kalaari Capital initiative, has invested in Perpule. Kstart led the $650,000 round that also saw participation from Venture Highway and Raghunandan G, co- founder of TaxiForSure.

Perpule aims to provide an enjoyable queue-less experience for people wherever they go. They have started with solving the problem of queues at retail stores like HyperCITY, etc. and are doing it in 3 cities Bangalore, Mumbai & Noida. Their vision is to enhance the shopping experience of customers in-store, by making it more engaging and personal. The smartphone-based software solution can be scaled across various retail outlets and provides retailers deep insights about their customers allowing them to create personalized real-time campaigns. Perpule is founded by Abhinav Pathak, Saketh BSV, and Yogesh Ghaturle.

Fashion eCommerce Portal Fynd Raises $500K in Series A Round from Venture Catalysts, Others

Identifying promising business ventures and providing them with the right opportunity has become the trademark of investors at Venture Catalysts, Indian seed investment and innovation platform. The platform has now participated in Series A funding round of Fynd, the fashion e-commerce portal with $500k.

Fynd is an online to offline e-commerce fashion marketplace. The platform is also the only fashion e-commerce portal in India which makes the in-store inventories available online before any other e-commerce networks.

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

Mumbai-based Traveljunkie Solutions Pvt. Ltd, which runs travel-tech startup Ithaka, has raised Rs 2.1 crore ($325,000) in seed funding from a clutch of angel investors based in the US, Singapore and India.

Mumbai-based Jhakaas Technologies Pvt. Ltd, which runs the Jhakaas app that aggregates local offline businesses, has raised Rs 1 crore (around $154,000) in seed funding from a clutch of investors.

Craft beer maker B9 Beverages Pvt Ltd has raised a round of growth capital from one of its existing investors.

Regional smartphone operating system Indus OS has raised funding of an undisclosed amount from new investors Ventureast and JSW Ventures.

Bengaluru-based FalconBrick Technologies Pvt. Ltd, which owns a mobile-based solution for accelerating construction projects, has raised an undisclosed amount in an angel round by Singapore Angel Network.

Gurgaon-based e-diagnostic startup Elite Tech Healthcare Pvt Ltd, which runs KlinicApp, has raised an undisclosed amount in seed funding from Om Chaudhry, the founder of private equity fund Fire Capital, to develop its technology platform and product.

Bengaluru-based waste management services provider Hasiru Dala Innovations Pvt. Ltd. has raised an undisclosed amount of funding from Ennovent Impact Investment Holding.

Edtech company BYJU's has raised additional funding from Belgian-based diversified investment holding company Verlinvest.

Sports engagement platform Rooter has raised an undisclosed amount of funding from electronic goods and accessories manufacturer Intex Technologies.

Kolkata-based complete cold logistics and supply chain service provider Crystal Logistic Cool Chain Ltd has raised its first private equity funding of $10 Mn (INR 66 Cr), led by Neev Fund.

Bangalore-based luxury fashion platform Zapyle has raised an undisclosed amount in a bridge round of funding from its existing investors.

Delhi-based machine intelligence-based personalisation platform, Wigzo Technologies, has secured an undisclosed amount of funding in a round led by existing investor 3one4 Capital.

Online food ordering startup Swiggy.com is said to be in talks to raise at least $50 million (around Rs 325 crore) in fresh funding.

Top 10 Startup Funding This Week [20-25 March]

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.

Top 10 Startup Funding This Week [06 – 11 March]

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.

Airbnb Closes $1B in its Series F Round

Online room renting service Airbnb said on Thursday it had raised $1 billion in its latest round of funding, valuing the company at $31 billion. Airbnb raised $447.85 million as part of the Series F round. The company had raised about $555 million as part of the same round of funding in September 2016. The company turned in a profit on an EBITDA basis in the second half of 2016 and expects to continue to be profitable this year, the source said, adding that Airbnb had no plans to go public anytime soon.

Instacart Raises $400M at $3.4B Valuation

Grocery delivery startup Instacart has raised a $400 million round at a valuation of $3.4B led by Sequoia Capital. Other investors in the Series D round include Andreessen Horowitz, Y Combinator Continuity, Kleiner Perkins Caufield & Byers, Wellcome Trust, FundersClub, Khosla Ventures, Initialized Capital, Thrive Capital and Valiant Capital. Instacart has to date raised more than $600 million. The company says it operates in 35 markets and plans to double its footprint this year.

SoftBank in talks to invest $300M in Snapdeal.com

SoftBank is negotiating to invest $100-150 million in Snapdeal owner Jasper Infotech in tranches, according to three people familiar with developments. A fourth person said overall investment could be as high as $300 million in Jasper, which is grappling with slowing sales and has been forced to cut jobs. The company was last valued at $6.5 billion when it raised $200 million in funding led by Canada's Ontario Teachers' Pension Plan in February 2016.

Warburg Pincus-Backed Ecom Express to Raise $150M

E-commerce-focused logistics firm Ecom Express Pvt Ltd has initiated the process of raising at least $75 million in a new round of funding, two people aware of the development said. Ecom Express’s existing private equity investor Warburg Pincus is likely to bring in another $75 million, which could take the fund-raising to a total of $150 million.

Rivigo Raises About $15M Debt Finance

Gurugram-based logistics platform, Rivigo has raised about $15 Mn (INR 100 Cr) debt finance from undisclosed lending private sector banks. The startup will use the newly raised funds to increase its fleet and for preparing to introduce new products, including a technology to automate its trucking operations.

12 New Startups Get funding of Rs 85 Crore in Pitch@Rashtrapati Bhavan

Yesterday saw 12 new Indian ventures getting Rs 85cr in funding in the Capital city, New Delhi. Pitch@Rahstrapati Bhavan, a startup event organised by the Presidential Residence on March 7, 2017 in partnership with Industry body, Confederation of Indian Industry (CII) was responsible for making this possible.

The programme, which was a part of the third Festival of Innovation (FOIN), aimed to provide a platform to both investors and startups to come together and talks business.

The startups who raised funding are GoMechanic, elth.ai, Neurosynaptic, Perfint, LoanTap, ftcash, Trupay, Myra Medicines, WholesaleBox, Sieve, Prokure & Omix Laboratories.

Sistema Asia Fund to Invest up to Rs 80 Cr in Four Indian Startups

Venture capital fund of Russian conglomerate Sistema JSFC, Sistema Asia Fund (SAF) Advisory, plans to invest $12 million in at least four Indian startups in mid-stage financing deals. Singapore-registered SAF Advisory aims to "wrap up midstage Series-B and Series-C financing deals in calendar 2017 in at least four Indian startups operating in the technology and consumer-tech domains," Andrey Terebenin, Managing Partner of the fund, told ET.

Pune Based Agri Tech Startup AgroStar Raises $10M in Series B Round

Accel India leads a $10 million series B round in agri-tech start-up AgroStar. Existing investors IDG Ventures and Aavishkaar also participated in this round. AgroStar has built a technology platform and uses data analytics and agronomy expertise to provide real time solutions to farmers in India.

India has over 100 million farmers who face challenges ranging from duplication of agri inputs, substandard products and the lack of tehincal know-how to grow their crop. These problems have led to very low farm productivity, resulting in Indian yields being lower than the world average for most of the crops. AgroStar is solving these challenges by providing real time solutions to farmers through its technology platform accessible to the farmer by a simple “missed call” and it’s android app. AgroStar has over 1 million farmers connected on its platform and is currently operational in the states of Gujarat, Maharashtra and Rajasthan.

MagicBricks Raises Rs 30 Cr from Times Internet

Property listings website magicbricks.com has raised Rs 30 crore from its parent Times Internet Ltd, documents filed with the Registrar of Companies show. The company will use the funds towards brand building initiatives, product development, seller development activities and curating information on the portal, chief executive officer Sudhir Pai said.

Logistics Startup Blowhorn Raises Rs 25 Cr in Series A Round of Funding

Intra-city logistics startup Blowhorn has raised $3.65 million (Rs 25 crores) in series A funding from IDG Ventures India, together with the Michael & Susan Dell Foundation and existing investors, Draper Associates and Unitus Seed Fund. The company plans to utilize the investment to expand operations to 8 cities in the next 24 months, with over 25,000 daily active drivers.

Founded by Mithun Srivatsa and Nikhil Shivaprasad, who have a deep expertise of over two decades in logistics and technology, Blowhorn is effectively aggregating and streamlining India’s fragmented logistics market that currently has over 1.8 mn mini-trucks in urban centers alone.

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

Mumbai-based Juno Clinic has raised about $1.2 Mn (INR 8 Cr) in Pre-Series A round of funding from Atul Nishar (founder of Hexaware Technologies & Aptech Computers) and other individual investors.

Mumbai-based PickMe e-Solutions India Pvt Ltd has raised Rs 12 crore ($1.79 million) from SIDBI Venture Capital Fund, according to a filing with the Registrar of Companies.

PipeCandy, a data science startup, has raised $1.1 million seed funding from IDG Ventures, Axilor Ventures, Emergent Ventures and Indian Angel Network.

Noida-based Dataresolve Technologies Pvt. Ltd, which runs cybersecurity and cyber intelligence startup Data Resolve, has raised over $1 million from IDFC Parampara Early Stage Opportunities Fund.

Bangalore-based early stage venture fund Ideaspring Capital has invested $600,000 (Rs 4 crore) in enterprise networking startup Lavelle Networks Pvt Ltd.

Easter Egg, a blockchain-enabled gifting platform, has raised $400,000 in its initial round of funding from Singapore-based early stage investment firm Wealthy Ideas.

Mumbai-based daily consumables startup SuprDaily has raised $120,000 from US-based startup accelerator Y Combinator after it was selected as one the 12 Indian startups for the winter batch of the programme.

Bangalore-based Roid Technologies Pvt Ltd, which operates instant mobile app store AppBrowzer, has raised $500,000 led by Deepak Gurnani, a member of Singapore Angel Network.

Delhi-based online fresh fruits and grocery store, iOrderFresh has raised an undisclosed amount of funding from Singapore Angel Network Pte. Ltd. (SGAN), the angel investment arm of Singapore-based Thakral Group of Companies.

Bengaluru-based Property Share has raised an undisclosed amount of funding in a round led by Japanese asset management firm Asuka, existing investors Pravega Ventures and Singapore-based BEENEXT.

Your Space Hostel on Friday said it has raised half a million dollars in angel funding towards expansion of their premium student housing venture.

Alphabet's venture arm Google Ventures has invested in Currencycloud, a UK startup that provides technology to enable businesses to provide cross-border payments services to their customers.

Healthy snacking startup SnackExperts received undisclosed Pre Series A funding from Dipti Ranjan Pattnaik, chairman of Altrade Group, Shobhit Anand Das, Rohit Anand Das and Navnit Krishna, who have invested in their individual capacity.

Gurgaon-based Proparent Solutions Pvt. Ltd, which runs online community of parents Parentune.com, has raised an undisclosed amount in its second round of funding from existing investor Kae Capital and Singapore-based Segnel Ventures, a VC firm that operates in South and Southeast Asia.

Homegrown smartphone maker Smartron has secured undisclosed financing from Sanjay Jha, the chief executive of GlobalFoundries, one of the world's largest contract manufacturers of semiconductors.

Television broadcast network STAR has picked up a minority stake in Bengaluru-based ZAPR Media Labs.

StatSoft Technologies Pvt Ltd-run online car servicing platform BookServicing has raised Rs 20 lakh ($30,000) in seed funding from the National Science and Technology Entrepreneurship Development Board (NSTEDB), a government arm that promotes tech enterprises.

Delhi-based startup First Step Digital – which launched a female urination device PeeBuddy - Ladies, Now Stand & PEE – has received Rs 2.96 crore ($444,000) in a pre-Series A funding from Indian Angel Network (IAN).

Gurgaon-based fashion and lifestyle discovery platform SummerLabel has raised Rs 1 crore ($150,000) in seed funding from a clutch of high net worth individuals.