In this edition, we will cover funding rounds of ChattyBao, Threado, Crypso, and more. In exits, we will cover the acquisition of Parker by Steward Partners Global Advisory among others.

Starting with our deep dive into funding rounds, tech companies in India raised close to $22 million of funding across 17 funding rounds during this week.

In a major funding event, Online Grocery startup, ChattyBao, raised $5 million in a Seed funding round led by Info Edge and Vertex Ventures with participation from 7Square Ventures. ChattyBao is a provider of software solutions for grocery retailers. It provides a platform that enables users to connect with local merchants through the WhatsApp application. ChattyBao allows users to search, chat, order products, make online payments, and request home delivery from nearby merchants. Founded in 2021 by IIM Ahmedabad alumni and IIT Madras alumni, Delhi-based, ChattyBao, has raised $5 million till date.

Enterprise Applications startup, Threado, raised around $3 million in a Seed funding round led by Vertex Ventures with participation from Speciale Invest, PointOne Capital, Gemba Capital, and others. Threado offers cloud-based community management solutions. It provides engagement tools to manage conversations, share files, offer social calendars, and more. Threado also personalizes interactions, automates community workflows, and delivers insights for customer engagement. Founded in 2020 by IIT Kharagpur alumni, Gurgaon-based, Threado, has raised over $3 million till date.

Bangalore-based, FinTech startup, Crypso, raised $3 million in a Seed funding round from Hashed, Whiteboard Venture Partners, Better capital, and others. Crypso offers an online crypto-focused social trading platform. It allows users to join a community of crypto investors, create chat groups, and follow top crypto influencers, signals & portfolios. Founded in 2021 by IIT Kharagpur alumni and IIT Bombay alumni, Crypso has raised over $4 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 31 Jul 2022.

Mumbai-based startup, Parker, was acquired by Steward Partners Global Advisory. Parker is a provider of motion and control technologies. It offers precision engineered solutions for mobile, industrial and aerospace markets. Its product offerings include cylinders, actuators, gas generators, purifiers, and more. Parker was founded in 1918. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Niyo, Eka Care, Fitterfly, and more. In exits, we will cover the acquisition of IPLTech Electric by TI Clean Mobility, among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $83 million of funding across 18 funding rounds during this week.

In a major funding round, Bangalore-based, FinTech startup, Niyo, raised $30 million of funding led by Multiples Alternate Asset Management. Niyo is an internet first digital bank. Niyo offers a payroll card and a zero balance account with facilities like account opening, advance salary, and free accidental insurance. It provides zero foreign currency exchange premium and deposits in the users account viacentralized payment system operated by the Reserve bank of India. Founded in 2015 by IIM Calcutta alumni, Niyo, has raised $179 million till date.

HealthTech startup, Eka Care, raised $15 million in a Series A funding round led by Hummingbird Ventures with participation from Mirae Asset, Verlinvest, Aditya Birla Ventures, and others. Eka care provides a telehealth solution for patients and doctors to schedule appointments. It allows patients to get a complete assessment of symptoms and helps patients in managing their health records. Eka care offers a digital prescription tool that provides ML-driven dosage suggestions for doctors and creates FHIR compliant electronic health records. Founded in 2021, Bangalore-based, Eka Care, has raised over $19 million till date.

Mumbai-based, HealthTech startup, Fitterfly, raised $12 million in a Series A funding round led by Fireside Ventures with participation from 9Unicorns, Venture Catalysts, Sriram Natarajan, and others. Fitterfly offers a digital therapeutic application for the management of diseases like diabetes, PCOS, clinical obesity, child nutrition, general wellness, pregnancy and lactation. It also allows users to measure and monitor blood sugar levels, exercise, sleep, stress and provides suggestions with customized meal recommendations based on the data. Founded in 2016, Fitterfly, has raised close to $18 million till date.

JAR, a Bangalore-based, FinTech startup, raised over $2 million in a Series A funding round. JAR provides an application-based savings and gold investment platform. It allows users to buy and sell gold assets online. It also allows users to save money by taking spare change from online transactions and facilitates automatic investments. The application is available for Android platforms on the Google Play Store. Founded in 2021, JAR, has raised over $39 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 5 exits during the week of 24 Jul 2022.

Auto Tech startup, IPLTech Electric, was acquired by TI Clean Mobility. IPLTech Electric is a manufacturer of electric trucks with features such as extended battery range, geofencing, live vehicle tracking, regenerative braking, and more. Faridabad-based, IPLTech Electric, was founded in 2018. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of OneScore, LifeWell, Garuda Aerospace, and more. In exits, we will cover the acquisition of Clinix by MediBuddy among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $362 million of funding across 27 funding rounds during this week.

In a major funding event, FinTech startup, OneScore, raised $102 million in a Series D funding round led by Temasek, with participation from QED Investors, Sequoia Capital, Hummingbird Ventures, and others. With this funding round, OneScore achieved unicorn status. It offers a credit score management platform that allows users to check for credit scores, credit card history and loan updates. It also offers tips and suggestions with personalized insights to improve the credit score. Founded in 2019 by IIT Delhi alumni and IIM Bangalore alumni, Pune-based, OneScore has raised $305 million till date.

Mohali-based, HealthTech startup, LifeWell, raised $80 million of funding led by Orbimed. LifeWell, provides an online platform that allows users to buy multiple healthcare products such as breast care products, Covid-19 essentials, pulse oximeters, general health products, home care products, non-contact infrared thermometers, and more. Founded in 2020, LifeWell, has raised $80 million till date.

Chennai-based, Maritime and Defense Tech startup, Garuda Aerospace, raised $30 million in a Series A funding round. Garuda Aerospace, designs and builds unmanned aerial vehicles, customizes drones for various applications like photography, agricultural survey, surveillance, and more. It also offers services in the areas of agriculture, crowd monitoring, defense and wildlife monitoring. Founded in 2015, Garuda Aerospace, has raised over $31 million till date.

Energy Tech startup, Detect Technologies, raised $28 million in a Series B funding round led by Prosus, with participation from Accel, Bharat Fund, Bluehill Capital, and others. Detect Technologies, provide solutions for pipeline integrity monitoring and inspection with AI-driven products that help in predictive maintenance of oil and gas pipeline leakages. It also offers an automated and continuous condition monitoring system for pipelines that can operate at extreme temperatures. Founded in 2016 by IIT Madras alumni, Chennai-based, Detect Technologies, has raised over $45 million till date.

Vegrow, Hyderabad-based, CropTech startup, raised $25 million in a Series B funding round led by Prosus, with participation from Ankur Capital, Matrix Partners India, Lightspeed Venture Partners, and others. It provides tech-enabled farming and personalized advisory services to farmers based on soil, water, weather, stage of the crop, and more. It also helps farmers in improving the utilization of farms through field intervention in horticulture crops. Founded in 2020 by IIT Madras alumni and IIT Kharagpur alumni, Vegrow has raised over $40 million till date.

Bangalore-based, HealthTech startup, Wysa, raised $20 million in a Series B funding round led by HealthQuad, with participation from Kae Capital, Pi Ventures, W Health Ventures, and others. It provides an AI-based chatbot for managing mental health and measures users emotions using cognitive-behavioral techniques. It also uses machine learning to understand the emotional state of the user and proactively reaches out to the user for help as and when required. Founded in 2015, Wysa, has raised over $30 million till date.

Life Sciences startup, String Bio, raised $20 million in a Series B funding round led by Woodside, with participation from Ankur Capital, Zenfold, Dare Venture Group, and others. String Bio, develops synthetic biotechnology solutions for waste carbon recycling and focuses on the production of high-value products, like feedstocks. It also produces high-performance polymers from industrial waste carbon, such as methane and CO2, using metabolically engineered bacteria. Founded in 2013, Bangalore-based, String Bio, has raised over $24 million till date.

Wheelocity, Chennai-based, E-Commerce startup, raised $12 million in a Series A funding round led by Lightspeed Venture Partners, and Anicut Capital. It provides a platform that offers technology-driven solutions for the commerce ecosystem to integrate with all touchpoints of the value chain. Wheelocity also offers fulfillment centers, proprietary network design, IoT-enabled operational frameworks, shared infrastructure models, last-mile delivery, and more. Founded in 2005 by IIT Madras alumni, Wheelocity, has raised $12 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 17 Jul 2022.

Hyderabad-based, HealthTech startup, Clinix, was acquired by MediBuddy. Clinix provides a platform that enables users to book appointments and connect with doctors for consultation and medical advice via chat, audio, or video call. It also offers continuous chronic care from diabetologists, cardiologists, neurologists, pulmonologists, orthopedics, and oncologists. Clinix was founded in 2021 by BITS Pilani alumni. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at 

podcast@tracxn.com.Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of OneCard, BookMyShow, InsuranceDekho, and more. In exits, we will cover the acquisition of Shippigo by Emiza among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $372 million of funding across 18 funding rounds during this week.

In a major funding event, FinTech startup, OneCard, raised $100 million in a Series D funding round led by Temasek, and GIC. It offers an application that allows users to control all aspects of credit cards including credit limit, instant rewards redemption, domestic and international use, online and offline transactions, contactless payments, and more. It also provides a loyalty program to consumers by offering them reward points and allowing them to redeem on their next purchase. Founded in 2019 by IIT Delhi alumni and IIM Bangalore alumni, Pune-based, OneCard has raised $226 million till date.

Media and Entertainment startup, BookMyShow, raised $100 million in a Series D funding round led by TPG. Book My Show offers a ticketing platform for theaters, sports, activities, fan hood, workshops, concerts, dramas, movies, and more. It also allows users to host events, and provides online marketing solutions through its gateway. The application is available for iOS and Android users. Founded in 1999, Mumbai-based Book My Show has raised $328 million till date.

Haryana-based, FinTech startup, InsuranceDekho, raised $100 million. It offers an online comparison platform for life, property, and casualty insurance. InsuranceDekho allows users to choose from various policies, compare prices, and make payments. It also provides technical support and assistance during claim settlements and offers insurance plans for health, cars, and bikes. Founded in 2009, InsuranceDekho has raised $120 million till date.

FinTech startup, Innoviti, raised $45 million in a Series D funding round led by Panthera Growth Partners. Innoviti offers POS and payment management software solutions for businesses. It offers a collaborative commerce payments platform for merchants to accept payments from credit cards, debit cards, mobile wallets, and UPI. It also enables lenders to disburse loans and extend EMI services to customers at POS terminals. Founded in 2002 by IIT Bombay alumni, Bangalore-based Innoviti has raised $130 million till date.

MarketWolf, Mumbai-based, FinTech startup, raised $10 million in a Series A funding round led by Dream Sports and Jungle Ventures with participation from Crescent Capital Group, 9Unicorns, iSeed, and others. MarketWolf provides an app-based trading platform for stocks, commodities, indices, and forex. The application lets users invest in different instruments based on trading preferences and risk appetite. It allows users to start trading using practice mode based on experience, and progress as they learn along the way. Founded in 2017 by IIT Delhi alumni, MarketWolf has raised over $17 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 10 Jul 2022.

Gurgaon-based, Transportation and Logistics Tech startup, Shippigo, was acquired by Emiza. Shippigo being a multi-carrier shipping solution, allows e-tailers to integrate their shopping carts and web stores to import shipping details. It allows users to manage reverse logistics and allows them to further search, compare prices, book services, and print shipping labels for multiple partner carriers. Shippigo was founded in 2018.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Progcap, SOLV, GetVantage, and more. In exits, we will cover the acquisition of StayAbode by Housr among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $174 million of funding across 19 funding rounds during this week.

FinTech startup, Progcap, raised $40 million in a Series C funding round led by Creation Investments, Tiger Global Management, and Google with participation from Sequoia. Progcap offers an online lending marketplace for working capital loans. Progcap provides customized financing solutions for micro and small businesses where users can apply for collateral-free loans using the mobile app or web platform for instant loan approval. Its platform offers a credit model solution that evaluates borrowers' creditworthiness based on business activities data and supply chain ecosystem parameters. Founded in 2016, Delhi-based Progcap has raised $101 million till date.

Bangalore-based, E-commerce startup, SOLV, raised $40 million in a Series A funding round led by SBI Holdings with participation from SC Ventures, and Standard Chartered. SOLV offers a chat-based platform that helps small businesses to connect with new customers and suppliers. It allows users to buy and sell products at wholesale prices across categories such as farm products, hospitality, restaurants, electronics, and more. It also provides small businesses with various financing options such as business installment loans, short-term credit for orders, financing for inventory, and receivables. Founded in 2019 by BITS Pilani alumni, SOLV has raised $40 million till date.

GetVantage, a FinTech startup, raised $36 million in a Series A funding round led by VCAPL and Sparkle Fund with participation from Haldiram Foods International, Dream Incubator, Chiratae Ventures, and others. GetVantage provides an online platform for revenue-based financing. It offers finance for digital expenditures and loans in return for a fixed percentage of ongoing gross revenues. It features machine-driven credit decisions, loan disbursement via credit cards, repayments via payment gateways, and more. Founded in 2019, Mumbai-based GetVantage has raised over $41 million till date.

Noida-based, Enterprise Applications startup, Connecto, raised $21 million from Pixspan. Connecto builds tools that help marketers and product managers to engage with their customers. It offers widgets that personalizes websites and maximizes leads capture and sales on the website. Its features include automated lead scoring, user targeting, profile matching, and more. Founded in 2013, Connecto has raised $21 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 03 Jul 2022.

Real Estate and Construction Tech startup, StayAbode, was acquired by Housr. StayAbode provides listings of managed co-living spaces with relevant information about the property, location and contacts. It provides facilities including community spaces like gaming rooms, music, internet, housekeeping, study space, laundry room, printing, and parking. Its users can search for rental spaces based on location through the platform and owners can advertise their co-living spaces. Founded in 2016 by ex-Goldman Sachs employee, StayAbode has raised close to $2 million till date from Martin & Harris, Incubate Fund India, Veeraa Ventures, and others.

This was all for today, we will be back next Monday with more updates. You can usubscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of LeadSquared, Leap Scholar, Appsmith, and more. In exits, we will cover the acquisition of Setu by Pine Labs, among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $364 million of funding across 19 funding rounds during this week.

In a major funding round event, Bangalore-based Enterprise Applications startup, LeadSquared, raised $153 million in a Series C funding round led by WestBridge Capital with participation from Gaja Capital, IFC and Stakeboat Capital. LeadSquared is a provider of cloud-based marketing automation and sales productivity solutions. It enables businesses to capture, engage and convert leads from online marketing, create landing pages, segment leads, and send automated personalised emails to customers. Founded in 2011, LeadSquared has raised $191 million till date.

EdTech startup, Leap Scholar, raised $75 million in a Series D funding round led by Owl Ventures with participation from Paramark Ventures, Sequoia Capital, Steadview Capital, and others. Leap Scholar is a provider of guidance for admission and scholarships. Its platform offers assistance for students pursuing education abroad, such as counselling services, visa services, test preparation services, and education loans. Founded in 2019 by IIT Kharagpur alumni, Bangalore-based Leap Scholar has raised over $152 million till date.

Appsmith, a Bangalore-based Enterprise Infrastructure startup, raised $41 million in a Series B funding round led by Insight Partners with participation from Accel, OSS Capital, Canaan, and others. Appsmith is a provider of cloud-based solutions for the development of admin panels. Its features include feedback and reports, collaboration, bug reporting, user interface creation, identity management, and API integration. Founded in 2019, Appsmith has raised over $51 million till date.

In another funding round event, Auto Tech startup, Statiq, raised over $25 million in a Series A funding round from Shell Ventures. Statiq is a provider of electric vehicle charging solutions. It enables users to locate nearby charging stations and book slots using the app. Its charging stations are located at parking places like office parking, shopping malls, residential apartments and restaurant parking spaces. Founded in 2019, Gurgaon-based Statiq has raised over $27 million till date. 

Online Grocery startup, WayCool, raised $25 million in a funding round led by 57 Stars. WayCool is an online distributor of farm products. It procures fruits, dairy, and vegetables directly from farmers, aggregators, and cooperatives for supply to hotels, restaurants, retailers, and wholesalers. It also offers an app that enables clients to order food and produce. Founded in 2015, Chennai-based WayCool has raised close to $272 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 2 exits during the week of 26 Jun 2022.

Bangalore-based FinTech startup, Setu, was acquired by Pine Labs. Setu is a provider of open-banking aggregation APIs. It partners with financial institutions, creates accounts, and manages them. It routes the payment across networks and offers solutions for businesses in order to offer financial services to their customers. It also offers toll payment collection solutions. Founded in 2018 by IIT Madras alumni, Setu has raised over $18 million till date. 

In another acquisition event, Jalgaon-based Crop Tech startup, Jain Irrigation Systems, was acquired by Rivulis Irrigation. Jain Irrigation Systems is a manufacturer and distributor of irrigation equipment. Its product offerings include drip irrigation systems, sprinkler irrigation systems, PVC pipes, irrigation fittings, and greenhouse and lighting equipment. Founded in 1963, Jain Irrigation Systems has raised $690 million till date. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of ShareChat, upGrad, Infra.Market,  and more. In exits, we will cover the acquisition of Pickrr by ShipRocket, among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $712 million of funding across 26 funding rounds during this week.

In a major funding round event, Bangalore-based Media & Entertainment startup, ShareChat, raised $255 million from The Times Group and Google. ShareChat is a vernacular-based social networking platform. It enables users to share content in various Indian languages, follow local celebrities, expand their network, read news, horoscopes, poetry and satire on Indian politics, and play microgames. Founded in 2015, ShareChat has raised over $1.7 billion till date.

Mumbai-based EdTech startup, upGrad, raised $225 million in a funding round led by ArcelorMittal and Lupa Systems with participation from Temasek, ETS, Sunil Bharti Mittal, and others. upGrad is an app-based platform providing higher education programs for working professionals. It offers online accredited courses and certificates in relevant industries such as e-commerce, big data, and BFSI. It provides courses on finance, operations, strategy, leadership, and more. It also provides one-on-one career guidance solutions. Its mobile app is available for Android and iOS devices. Founded in 2015, upGrad has raised close to $723 million till date.

Infra.Market, a Real Estate and Construction Tech startup, raised $50 million from Accel, Evolvence India, Nexus Venture Partners, and others. Infra.Market is an online marketplace for procuring construction materials. It provides users with access to materials like cement, ready-mix concrete, aggregates, and construction chemicals. It also includes features like cloud manufacturing, value-chain control, retail as a service, and equipment banking. Founded in 2017, Thane-based Infra.Market has raised $382 million till date.

Mumbai-based Gaming startup, FanClash, raised $40 million in a Series B funding round from Info Edge, Sequoia Capital, Falcon Edge Capital, and others. FanClash is an e-sports fantasy gaming platform. Its features include e-sports tournament management, fantasy contests management, and league management. Founded in 2020, FanClash has raised over $50 million till date.

In another funding round event, Delhi-based Auto Tech startup, Battery Smart, raised $25 million in a Series A funding round from Tiger Global Management. Battery Smart operates a network of battery-swapping stations for electric vehicles. It enables electric three-wheelers and two-wheelers to swap interoperable Lithium-ion batteries. It also offers a mobile application for users to find charging stations, and for partners to manage the charging station operations. Founded in 2020 by IIT Kanpur alumni, Battery Smart has raised over $36 million till date.

Bangalore-based FinTech startup, Innoviti, raised $22 million in a Series D funding round from Alumni Ventures. Innoviti is a provider of POS and payment management software for businesses. It offers a collaborative payment platform for merchants to accept payments from credit cards, debit cards, mobile wallets, and UPI. It also enables lenders to disburse loans and extend EMI services to customers at POS terminals. Founded in 2002 by IIT Bombay alumni, Innoviti has raised over $84 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 6 exits during the week of 19 Jun 2022.

Transportation and Logistics Tech startup, Pickrr, was acquired by ShipRocket. Pickrr is an AI and SaaS-based marketplace for end-to-end delivery services. It provides reverse logistics, as well as doorstep pick and pack services. It also acts as a closed marketplace for courier services and enables businesses to book their shipping requirements, track shipments and generate reports. Founded in 2015, Faridabad-based Pickrr has raised over $16 million till date.

In another acquisition event, Delhi-based E-commerce startup, Overcart, was acquired by ControlZ. Overcart is a marketplace for over-stock, unboxed, and pre-owned electronic products. It enables customers to buy and sell quality-certified, pre-owned, new, unboxed, refurbished, overstocked and carton-damaged products. The portal enables users to browse through the catalog of preowned products or sell their own. It also helps businesses set up their liquidation process, provides pricing data for unboxed items, and liquidates through an exclusive marketplace. Founded in 2012, Overcart has raised over $3 million till date.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of CRED, PW, Kissht, and more. In exits, we will cover the acquisition of Lybrate by Pristyn Care.

Starting with our deep dive into funding rounds, tech companies in India raised around $476 million of funding across 26 funding rounds during this week.

In a major funding round event, FinTech startup, CRED, raised $140 million in a Series F funding round led by GIC with participation from Alpha Wave Global, DF International Group, Tiger Global Management, and others. CRED is a provider of an app-based and reward-enabled payment platform for credit card bills. It allows credit card users to pay their bills and earn cred coins, which can be redeemed for prizes from partner companies. It helps users manage various credit cards, keep a track of credit ratings in real-time, and utilise calculators for home loans, EMIs, PPFs, and other financial products. The app is compatible with both iOS and Android devices. Founded in 2018, Bangalore-based CRED has raised around $1 billion till date.

Noida-based PW, an EdTech startup, raised $100 million in a Series A funding round from WestBridge Capital and GSV Ventures. PW is a provider of an app-based tutoring platform for students. It offers tutoring on subjects like physics, math, chemistry, botany and economics. Additionally, PW provides study resources for exams like notes, recorded videos, and reference books. Its app is available for Android devices. Founded in 2016, PW has raised $100 million till date.

FinTech startup, Kissht, raised $80 million in a Series E funding round led by Vertex Growth with participation from Endiya Partners and The Solvent Extractors' Association of India. Kissht is an online marketplace for consumer loans. It offers loans such as personal loans, point-of-sale financing, credit lines, and more. It allows users to register through the KYC process by uploading their Aadhar card. Founded in 2015, Mumbai-based Kissht has raised $131 million till date.

In another funding round event, E-commerce startup, Cashify, raised $50 million in a Series E funding round led by Prosus with participation from Paramark, American Electric Power, Bessemer Venture Partners, and others. Cashify is an online platform offering pre-used gadgets and accessories. It enables users to sell phones, tablets, gaming consoles, cameras, TVs, audio devices, and laptops. Founded in 2013, Gurgaon-based Cashify has raised $90 million till date.

Mumbai-based Purplle, a Beauty Tech startup, raised $33 million in a Series E funding round led by Paramark with participation from Premji Invest, Blume Ventures and Kedaara Capital. Purplle is an online marketplace for multi-category beauty products. Its offerings include makeup, fragrances, grooming kits, and products for facial, skin, body, hair and eye care, as well as beauty appliances. Founded in 2011, Purplle has raised $309 million till date.

FinTech startup, FlexiLoans, raised $27 million in a Series B funding round from Maj Invest and Fasanar. FlexiLoans is an online marketplace for business loans. It offers multiple types of business loans including vendor financing, term loans, business credit lines, and purchase order financing. To apply for a loan, businesses must add the required details and obtain approval which is based on proprietary credit assessment. Once approved, the funds are transferred to the registered bank account. Founded in 2015, Mumbai-based FlexiLoans has raised over $62 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 12 Jun 2022.

In another acquisition event, Media & Entertainment startup, Mitron, was acquired by Koo App. Mitron is a social platform for sharing short videos. It allows users to create short, humorous videos using various filters, and share them with other users on the platform. Founded in 2000, Bangalore-based Mitron has raised around $9 million till date.

Delhi-based HealthTech startup, Lybrate, was acquired by Pristyn Care for over $15 million. Lybrate is a multi-speciality telemedicine platform. It enables patients to consult with doctors over chat, phone or video call. Users can search for doctors based on their specialisation, ratings, and reviews. It also offers appointment booking for physical visits to the doctor, and an online marketplace for diagnostic tests. Lybrate includes a practice management solution for doctors. Founded in 2013, Lybrate has raised over $14 million till date.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Ampere Vehicles, Cuemath, SUGAR Cosmetics,  and more. In exits, we will cover the acquisition of OneDirect by Gupshup, among others.

Starting with our deep dive into funding rounds, tech companies in India raised close to $559 million of funding across 31 funding rounds during this week.

In a major funding event, Coimbatore-based Auto Tech startup, Ampere Vehicles, raised $220 million from Abdul Latif Jameel. Ampere Vehicles is a manufacturer of electric scooters. Its features include front suspensions, long-range, multiple colour options and Lithium-ion batteries. Founded in 2008, Ampere Vehicles has raised close to $229 million till date.

EdTech startup, Cuemath, raised $57 million in a funding round led by Alpha Wave Global with participation from Manta Ray, Aspada Investments, Sequoia Capital, and others. Cuemath is a provider of live online classes for school students. It offers interactive, 1-on-1 classes and math tutoring solutions, with features like workbooks, puzzle cards, tab-based math activities, and personalised learning. Founded in 2013 by IIT Delhi alumni, Bangalore-based Cuemath has raised $126 million till date.

Mumbai-based SUGAR Cosmetics, an E-commerce startup, raised $50 million in a Series D funding round led by L Catterton with participation from A91 Partners, India Quotient, and Elevation. SUGAR Cosmetics is an internet-first brand of multi-category cosmetics. It offers products such as lipsticks, nail polishes, eyeliners, definers, highlighters, and more. It also provides gift boxes that include an assortment of various beauty products packed together. Founded in 2012, Mumbai-based SUGAR Cosmetics has raised close to $81 million till date.

In another funding round event, Food Tech startup, Curefoods, raised $50 million in a Series C funding round led by Winter Capital with participation from Chiratae Ventures and Iron Pillar. Curefoods is an internet-first restaurant. Its menu includes pizzas, biryanis, parathas, and more from brands like EatFit, Aligarh House and Masalabox. Founded in 2016, Bangalore-based Curefoods has raised $118 million till date.

slice, a Bangalore-based FinTech startup, raised $50 million in a Series C funding round led by Tiger Global Management with participation from Moore Ventures, Insight Partners, and GMO Venture Partners. Slice is a provider of credit cards for consumers. It offers credit cards for bill payments, cash withdrawals, online and offline purchases. It enables users to avail of cash loans and make repayments in installments, as well as an app-based virtual credit card for online transactions. Founded in 2016, slice has raised $331 million till date.

Online Grocery startup, bigbasket, raised around $45 million from Supermarket Grocery Supplies. bigbasket is an online retailer of groceries and essentials. It allows users to purchase products like fruits, vegetables, staples, baked products, snacks, beverages, personal and baby care products. Founded in 2011, Bangalore-based bigbasket has raised close to $853 million till date.

In another funding round event, Orange Health, a HealthTech startup, raised $25 million in a Series B funding round led by Bertelsmann India Investments and General Catalyst Partners, with participation from Accel, Uncorrelated Ventures, Good Capital, and others. Orange Health is a provider of home-based diagnostic test services. Users can have their samples collected from their homes, as well as access reports through the platform. It offers health checkups for lifestyle-related disorders, infectious diseases, and more. Founded in 2020, Bangalore-based Orange Health has raised around $35 million till date.

Gurgaon-based Synaptic, a FinTech startup, raised $20 million in a Series B funding round led by Valor Equity Partners. Synaptic is a provider of a data analytics platform. It provides investors and financial institutes with AI-based alerts for tracking portfolio companies, competitors, and sectors, using analysis-based algorithms and hypotheses. Founded in 2016, Synaptic has raised $26 million till date. 

Media & Entertainment startup, Eloelo, raised $13 million in a Series A funding round led by KB Investment and Kalaari Capital, with participation from Rocket Capital, Lumikai, Convivialite Ventures, and others. Eloelo is a provider of a social gaming platform. It allows users to play live games with their favourite creators and earn money, as well as vote for creators and other content. Founded in 2020, Bangalore-based Eloelo has raised over $31 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 05 Jun 2022.

Delhi-based Enterprise Applications startup, OneDirect, was acquired by Gupshup. OneDirect is a provider of cloud-based customer support and experience management software for enterprises. It enables them to track and process data from social media mentions, aggregate multi-channel feedback, define workflows, complete actionables, reach out to potential customers, and perform online reputation benchmarking. OneDirect was founded in 2013. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of 1K Kirana Bazaar, Blu Smart, Wint Wealth, and more. In exits, we will cover the acquisition of CareerSocially by Aurum House among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $92 million of funding across 20 funding rounds during this week.

E-commerce startup, 1K Kirana Bazaar, raised $25 million in a Series B funding round led by Alpha Wave Global with participation from Kae Capital, Infimomentum Venture, Info Edge Ventures, and others. 1K Kirana Bazaar is a provider of retail store aggregation solutions for grocery stores. 1K Kirana Bazaar offers a distribution system and in-house technology-enabled platform with features like branding, store infrastructure upgrades, merchandising, pricing communication, billing, real-time inventory management, promotions, and a business dashboard. Founded in 2018, Gurgaon-based 1K Kirana Bazaar has raised around $34 million till date.

In another funding round event, Blu Smart, an Auto Tech startup, raised $15 million in a Series A funding round led by BP Ventures and Green Frontier Capital with participation from Stride Ventures, Alteria Capital and Black Soil. Blu Smart is an app-based provider of electric vehicle ride-hailing services. Blu Smart enables users to book their rides by providing details like location and passenger details, with services like local rides, airport transfers, hourly rentals, and more. Blu Smart also offers EV-charging host services. Founded in 2018, Ahmedabad-based Blu Smart has raised close to $57 million till date.

Wint Wealth, a Bangalore-based FinTech startup, raised over $14 million in a Series A funding round led by Eight Roads Ventures with participation from Billionbrains Garage Ventures, Blume Ventures, Nxg Innovation, and others. Wint Wealth is an online investment platform focused on fixed-income funds. Wint Wealth allows users to buy, sell, and invest in fixed deposits, bonds, MFs and gold assets. Wint Wealth is regulated by RBI and assists users in investing in gold-backed debts. Founded in 2020, Wint Wealth has raised around $26 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 7 exits during the week of 29 May 2022.

Noida-based Real Estate and Construction Tech startup, CareerSocially, was acquired by Aurum House. CareerSocially is a provider of AI-driven lead generation software for real estate professionals. CareerSocially enables members to generate leads using AI, automatically assign them to the befitting person, as well as save leads into the CRM, nurture leads, and connect with them to improve conversions. CareerSocially also offers solutions to manage and track tasks. Founded in 2016 by BITS Pilani alumni, CareerSocially has raised $1 million till date.

Online Grocery startup, True Elements, was acquired by Marico. True Elements is a provider of healthy snacks and supplements. True Elements offers ready-to-eat items like seed and nut mixes, protein-rich, plant-based eatables, and snacks for weight loss, PCOS and diabetes patients. True Elements also provides natural supplements in the form of teas, honey, super grains and alternative medicine. Founded in 2015, Pune-based True Elements has raised over $3 million till date from SIDBI Venture Capital, Vinners, Amit Bhuchar, and others.

In a major development this week, Transportation and Logistics Tech startup, Delhivery, went public. Delhivery is a provider of end-to-end fulfillment services for e-commerce companies. Delhivery offers last-mile deliveries, third-party and transit warehousing, reverse logistics, payment collection, vendor-to-warehouse and vendor-to-customer shipping, cross-border services, supply chain and tracking services for shipments. Founded in 2011 by IIT Bombay alumni and IIT Kanpur alumni, Gurgaon-based Delhivery has raised $1.7 billion across several funding rounds. Major investors who backed the company in its early stages include enterprises like Tiger Global Management, SoftBank Vision Fund, Fidelity Investments, and others. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of GreyOrange, Fashinza, BlissClub,  and more. In exits, we will cover the acquisition of WealthDesk by PhonePe, among others.

Starting with our deep dive into funding rounds, tech companies in India raised close to $251 million of funding across 22 funding rounds during this week.

In a major funding round event, Gurgaon-based Transportation and Logistics Tech startup, GreyOrange, raised $110 million in a Series D funding round from BlackRock and Mithril. GreyOrange is a provider of warehouse automation robots. GreyOrange offers AI-enabled software that integrates with the robots, so that the robots can communicate with each other and with the central system, creating continuous feedback between the algorithms and real-time operations on floor. GreyOrange provides a fleet of mobile robots for moving materials around the warehouse more efficiently, and a fully automated sortation system to sort and divert outbound packets. Founded in 2011 by BITS Pilani alumni, GreyOrange has raised $411 million till date.

Fashinza, an E-commerce startup, raised $60 million in a Series B funding round led by WestBridge Capital and Prosus, with participation from Accel, DisruptAD, ADQ, and others. Fashinza is a provider of a supply chain and product development platform for the fashion industry. Fashinza enables apparel and fashion brands to connect with manufacturers and suppliers, with features like supply chain visibility and procurement stage tracking, fabric design, cost calculation and sampling, production management, quality checking, and delivery. Founded in 2020 by IIT Delhi alumni, Gurgaon-based Fashinza has raised $135 million till date.

Bangalore-based E-commerce startup, BlissClub, raised $15 million in a Series A funding round led by Eight Roads Ventures and Elevation, with participation from Sriharsha Majety, Ghazal Alagh, Vivek Gupta, and others. BlissClub is an internet-first brand offering sportswear for women. BlissClub includes products like sports apparel, tank tops, leggings, and co-ords sets. Founded in 2020, Bangalore-based BlissClub has raised around $17 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 22 May 2022.

WealthDesk, a Mumbai-based FinTech startup was acquired by PhonePe. WealthDesk is an online platform enabling EFT investments. WealthDesk allows users to look at the list of funds that match their risk appetite, select the amount they want to invest, and track their investments. WealthDesk includes features like funds deposits and withdrawals, and setting up of SIPs. Founded in 2016, WealthDesk has raised close to $5 million till date.

In another acquisition event, FinTech startup OpenQ was acquired by PhonePe. OpenQ is a provider of a wealth management platform. OpenQ offers tools for investment idea generation and evaluation, as well as analytics-based recommendations, and investment baskets. Andheri-based OpenQ was founded in 2018.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Razorpay, GoKwik, Vivriti Capital, and more. In exits, we will cover the acquisition of Sqrrl by CASHe and the IPO by Delhivery.

Starting with our deep dive into funding rounds, tech companies in India raised around $172 million of funding across 21 funding rounds during this week.

Bangalore-based Razorpay, a FinTech startup, raised $75 million in a Series F funding round led by Moore Strategic Ventures and Lightspeed Venture Partners. Razorpay achieved unicorn status on 12th October 2020 when it raised $100 million from GIC, Sequoia Capital and others. Razorpay is a provider of payment processing solutions for businesses. Razorpay offers payment gateways and link-based payment solutions, acceleration and automation solutions for banking operations, and working capital loans and corporate credit cards. Razorpay includes features like UPI-based recurring payments, buttons to accept payments on websites, and AI-enabled fraud management. Founded in 2014 by IIT Roorkee alumni, Bangalore-based Razorpay has raised $817 million till date. 

E-commerce startup, GoKwik, raised $35 million in a Series B funding round led by Think Investments and RTP Ventures with participation from Sequoia and Matrix Partners India. GoKwik is a provider of e-commerce enablers. GoKwik enables users to shop from various e-commerce websites and provides AI-based shopping solutions from ordering to delivery. Founded in 2020, Delhi-based GoKwik has raised over $55 million till date. 

In another funding round event, Vivriti Capital, a FinTech startup, raised $30 million in a Series C funding round led by TVS Capital Funds. Vivriti Capital is a debt financing platform for corporates, SMEs and individuals. Vivriti Capital offers a range of financial products including loans, receivables finance, working capital, structured debt, and capital market instruments. Vivriti Capital also includes webinars, blogs, and insights to assist with lending decisions. Founded in 2017 by IIT Kharagpur alumni and IIM Bangalore alumni, Chennai-based Vivriti Capital has raised $195 million till date. 

This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 15 May 2022.

Delhi-based FinTech startup, Sqrrl, was acquired by CASHe. Sqrrl is an app-based personal finance and financial planning platform for individuals. Sqrrl allows users to save for goals, invest in a mutual fund or income tax saving plans, and receive personal loans. Founded in 2016 by IIT Kharagpur alumni, Sqrrl has raised over $1 million till date.

In a major development this week, Transportation and Logistics Tech startup, Delhivery, went public. Delhivery achieved unicorn status on 6th March 2019 when it raised $413 million from Softbank Vision Fund and others. Delhivery is a provider of end-to-end fulfillment services for e-commerce companies. Delhivery offers last-mile deliveries, third-party and transit warehousing, reverse logistics, payment collection, vendor-to-warehouse and vendor-to-customer shipping, cross-border services, supply chain and tracking services for shipments. Founded in 2011 by IIT Bombay alumni and IIT Kanpur alumni, Gurgaon-based Delhivery has raised $1.7 billion across several funding rounds. Major investors who backed the company in its early stages include enterprises like Tiger Global Management, SoftBank Vision Fund, Fidelity Investments, and others. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Zepto, Digit Insurance, ToothSi, and more. In exits, we will cover the acquisition of iVIS by Magellanic Cloud among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $336 million of funding across 19 funding rounds during this week.

In a major funding round event, Chennai-based Online Grocery startup, Zepto, raised $200 million in a Series D funding round led by YC Continuity with participation from Nexus Venture Partners, Kaiser Foundation Health Plan, Glade Brook Capital, and others. Zepto is an app-based booking platform for on-demand grocery deliveries. Zepto allows users to order food, groceries, drinks, beauty and wellness products, as well as household essentials. Zepto offers an app for Android & iOS platforms. Founded in 2021 by Stanford University alumni, Zepto has raised $361 million till date.

InsurTech startup, Digit Insurance, raised over $54 million in a Series D funding round led by Sequoia Capital and India Infoline. Digit Insurance achieved unicorn status when it raised over $18 million dollars on 15th January 2021. Digit Insurance is an app-based insurance platform for individuals. Digit Insurance provides quotes for auto, health, travel and flight delay insurances, with features like a consultant tool to choose the best insurance coverage for a business, and a home loan EMI calculator. Digit Insurance also offers claims processing services, and solutions for agents to offer insurance services to their customers. Founded in 2016, Bangalore-based Digit Insurance has raised $544 million till date.

Mumbai-based ToothSi, a HealthTech startup, raised $40 million in a Series C funding round led by Paramark Real Estate Services and India Infoline, with participation from Eight Roads Ventures, Aditya Puri and Karan Singh. ToothSi is a provider of an online platform for the purchase of customised dental braces. ToothSi allows users to order impression kits, so that their orthodontists can provide them with free scans and corrections using the impressions. ToothSi delivers the virtual results and aligner bracer kit to users. Founded in 2018, ToothSi has raised around $78 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 08 May 2022.

Hyderabad-based Security and Surveillance Technology startup, iVIS, was acquired by Magellanic Cloud. iVIS is a provider of electronic security and surveillance software for enterprises. iVIS offers a video surveillance and management solution with features like live video, messaging, viewing of monthly activity summaries, access to archived video clips, as well as mobile access to live feeds with options to select camera views. Founded in 2012, iVIS has raised close to $5 million till date from Provident Capital, Syam Vamulapalli, Jayaram B Naidu, and others.

In another acquisition event, Home Improvements startup, Renomania, was acquired by Flipspaces. Renomania is a discovery platform for home improvement products and services. Renomania enables users to browse through pictures of home designs categorised under various themes, find and connect with interior designers in their city, as well as discover products for home improvement and renovation. Delhi-based Renomania was founded in 2014 by IIT Kharagpur alumni.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Turtlemint, Lenskart, Truemeds, and more. In exits, we will cover the acquisition of PipeCandy by Assembly among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $250 million of funding across 22 funding rounds during this week.

In a major funding round event, InsurTech startup, Turtlemint, raised $120 million in a Series E funding round led by Amansa Capital, Jungle Ventures and Nexus Venture Partners, with participation from Marshall Wace and Vitruvian Partners. Turtlemint is an online comparison platform for various insurances. Turtlemint offers quotes for life insurance, health insurance and automotive insurance, as well as claims processing services. Founded in 2015, Mumbai-based Turtlemint has raised $250 million till date.

E-commerce startup, Lenskart, raised $25 million in a Series I funding round led by Epiq Capital Advisors. Lenskart achieved unicorn status on 19th December 2019 when it raised $275 million from SoftBank Vision Fund. Lenskart is an online retailer of eyewear for men, women and kids. Lenskart includes products like computer glasses, sunglasses and contact lenses. Lenskart also provides at-home eye-testing and frame trial services, and offers a mobile app for Android and iOS platforms. Founded in 2010 by IIM Bangalore alumni, Delhi-based Lenskart has raised around $940 million till date.

Mumbai-based Truemeds, a HealthTech startup, raised $22 million in a Series B funding round led by WestBridge Capital with participation from Indian Angel Network Fund, Asha Impact and Info Edge. Truemeds is an e-pharmacy store. Truemeds enables users to order medicines for the elderly from multiple brands and manufacturers.Truemeds has an AI-based proprietary Triple Check flow-to-check orders before delivery. Founded in 2018 by Indian School of Business alumni, Truemeds has raised close to $28 million till date.

In another funding round event, Drones startup, ideaForge, raised $20 million in a Series B funding round led by Florintree Infra LLP with participation from Infina Finance, Infosys, India Exim Bank, and others. ideaForge is a provider of drones for aerial surveillance. ideaForge offers portable, lightweight and autonomous UAVs for intelligence, surveillance, and reconnaissance of moving and fixed targets. ideaForge offers drones for the BSF, NDRF, and state police departments. Founded in 2007 by IIT Bombay alumni, Mumbai-based ideaForge has raised close to $49 million till date.

Skillmatics, a Mumbai-based E-commerce startup, raised close to $16 million in a Series B funding round led by Sofina with participation from Sequoia Capital, and Smiti Holding And Trading Company. Skillmatics is a platform offering educational games. Skillmatics offers activity boxes for skill development, preschool activities, alphabet games, and interactive stories, as well as games with themes like maths and connectors.Skillmatics enables users to browse through products based on age criteria, rating, price and popularity. Founded in 2016, Skillmatics has raised over $26 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 01 May 2022.

Chennai-based Enterprise Applications startup, PipeCandy, was acquired by Assembly. PipeCandy is a provider of outbound prospecting tools for sales representatives. PipeCandy uses machine learning and natural language processing for automation of email outbound processes of the sales team. PipeCandy includes features like dynamic lists, ranking of prospects, pre-built email templates and leads about when to contact prospective clients through smart tags. Founded in 2015 by an ex-Cisco and ex-Google employee, Pipe Candy has raised around $1 million till date.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of CoinDCX, Financepeer, Recur,  and more. In exits, we will cover the acquisition of GlowRoad by Amazon, among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $326 million of funding across 17 funding rounds during this week.

In a major funding round event, Mumbai-based FinTech startup, CoinDCX, raised $135 million in a Series D funding round led by Pantera Capital and Steadview Capital with participation from Polychain, Cadenza, B Capital Group, and others. CoinDCX achieved unicorn status in 2021 when it raised $90 million from B Capital Group, and others. CoinDCX is a provider of an app-based cryptocurrency exchange platform. CoinDCX offers crypto deposit, withdrawal, investment and trading solutions for retail, HNI, and enterprise customers. Founded in 2018 by IIT Bombay alumni, CoinDCX has raised $247 million till date.

FinTech startup, Financepeer, raised $31 million in a Series B funding round led by QED Investors, Aavishkaar Capital and Ardent Venture Partners with participation from 9Unicorns, Sparkle Fund, Capri Global Capital, and others. Financepeer is an online provider of education loans. Financepeer offers loans at zero-cost EMI to help parents pay school fees, with funding for the entire cost of education and related miscellaneous fees. Founded in 2017 by IIM Ahmedabad alumni, Mumbai-based Financepeer has raised close to $38 million till date.

Delhi-based Recur, a FinTech startup, raised $30 million in a Seed funding round led by Info Edge and Village Global, with participation from Adept Ventures, UGRO Capital, InCred, and others. Recur is an online lending platform for subscription-based businesses. Recur enables them to connect the subscription manager to the platform and share data for valuation, with machine learning-based valuation of limits. Recur also enables investors to invest in multiple companies based on interests. Founded in 2021, Recur has raised $30 million till date.

In another funding round event, InsurTech startup, Loop Health, raised $25 million in a Series B funding round led by General Catalyst Partners and Elevation, with participation from Khosla Ventures, Optum Ventures, Sierra Ventures, and others. Loop Health is a health benefits administration and management platform for employees. Loop Health offers group health insurance for businesses, as well as a platform for preventative screening and advanced disease detection, and expert opinions on diseases from doctors. Loop Health also facilitates health insurance, medical care and claim management. Founded in 2018, Pune-based Loop Health has raised $40 million till date.

UrbanPiper, a Food Tech startup, raised $24 million in a Series B funding round led by Sequoia Capital, Tiger Global Management, Swiggy and Zomato, with participation from Saahil Goel, Khadim Batti, Ankit Nagori, and others. UrbanPiper offers order management software for restaurants. UrbanPiper offers centralised dashboards and integrations, and enables users to update the catalogue, pricing, and coupons from the POS. UrbanPiper includes features like inventory management and order status updates. Founded in 2014, Bangalore-based UrbanPiper has raised around $37 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 6 exits during the week of 24 Apr 2022.

Bangalore-based E-commerce startup, GlowRoad, was acquired by Amazon. GlowRoad is an app-based reselling platform. GlowRoad enables small businesses to connect with enterprising women in a particular locality, who promote the business products and services through online and offline social networks, and organise sales for the business in their locality. Founded in 2017, GlowRoad has raised around $31 million till date.

In another acquisition event, Gurgaon-based E-commerce startup, ANS Commerce, was acquired by Flipkart. ANS Commerce is a provider of e-commerce solutions for online businesses. ANS Commerce offers solutions for in-store design and development, management of marketplaces, performance marketing, warehouse and fulfillment, customised data-driven dashboards, and third-party integration. Founded in 2010, ANS Commerce has raised over $2 million till date.

Tookitaki, a Bangalore-based FinTech startup, was acquired by Thunes. Tookitaki is a provider of AI-enabled AML and payment fraud detection solutions. Tookitaki offers an anti-money laundering suite to prevent and combat money laundering, as well as a reconciliation suite for AI-enabled matching and substantiation for reconciliation. Tookitaki also prevents false alerts by monitoring and screening programs. Founded in 2014, Tookitaki has raised over $20 million till date.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reach out to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Lenskart, Medikabazaar, Medfin, and more. In exits, we will cover the acquisition of Siddhi Vinayak Agri Processing by WayCool among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $209 million of funding across 11 funding rounds during this week.

In a major funding round event Delhi-based eCommerce startup, Lenskart raised $100 million in a Series G funding round from Alpha Wave Incubation. Lenskart achieved unicorn status on July 19, 2021 when it raised $220 million from Temasek and Falcon Edge Capital with participation from International Finance Corporation and Bay Capital among others. Lenskart is an online retailer offering eyewear for men, women, and kids. Lenskart's product catalog includes computer glasses, sunglasses, contact lenses, etc. Lenskart also provides at-home eye-testing and frame trial services. The Lenskart mobile app is available on Android and iOS platforms. Founded in 2010 by IIM Bangalore alumni, Lenskart has raised around $915 million till date.

HealthTech startup, Medikabazaar raised $65 million in a Series D funding round led by Lighthouse with participation from KOIS, Creaegis, and Ackermans & van Haaren. Medikabazaar is an online marketplace platform for medical equipment. Healthcare providers can search, compare, and buy medical products and devices using a voice-based search engine and an online payment portal. Medikabazaar's product categories include hospital devices, materials, medical consumables, dental tools, and customer service on product specification and usage. Founded in 2014 by IIM Calcutta alumni, Mumbai-based Medikabazaar has raised over $165 million till date.

HealthTech startup, Medfin raised $15 million in a Series B funding round led by Sony with participation from HealthXCapital, Blume Ventures, and Axilor Ventures. Medfin is an online platform for listing medical procedures, hospitals, and clinics. Categories of procedures covered in Medfin include dentistry, vascular surgery, cosmetology, and orthopedics. Medfin allows users to search for the required surgery and get information about relevant surgeons, hospitals, costs, and EMI options. Users can also book a consultation with the listed doctors by entering details on the Medfin portal. Founded in 2017, Bangalore-based Medfin has raised $92 million till date.

Bangalore-based FinTech startup, MyShubhLife raised around $13 million in a Series B funding round from Gojo. MyShubhLife is an app-based platform for personal loans. MyShubhLife uses traditional and non-traditional data to compute the credit score assessment in order to provide financing solutions to borrowers. MyShubhLife also provides solutions for credit score checks, mutual funds, insurance, tax filing, and more. MyShubhlife App is available on Android devices. Founded in 2016 by IIT Madras alumni, MyShubhLife has raised close to $28 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 17 Apr 2022.

Pune-based Crop Tech startup Siddhi Vinayak Agri Processing was acquired by WayCool. Siddhi Vinayak Agri Processing is a provider of supply chain and agri processing solutions with a focus on potatoes. Siddhi Vinayak Agri Processing supplies cultivators with farm inputs including seeds, organic fertilizers, and expertise on cultivation through its network of village storefronts. Siddhi Vinayak Agri Processing works with small hold potato farmers and supplies to potato-based snack makers. Siddhi Vinayak Agri Processing's infrastructure offerings include extruder machines and cold storage solutions provided to SMEs. Founded in 2008, Siddhi Vinayak Agri Processing has raised over $9 million till date from SIDBI Venture Capital, Lok Capital, and Aspada Investments.

Kolkata-based Enterprise Applications startup Opportune was acquired by Wondrlab. Opportune is a platform offering software for influencer marketing. Opportune enables brands to collaborate with influencers to promote the brand or products. Brands can find and filter influencers as per preferences on the Opportune platform and can collaborate with them to launch campaigns. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of VerSe, Instoried, CRED,  and more. In exits, we will cover the acquisition of MyHQ by ANAROCK among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $1.3 billion of funding across 21 funding rounds during this week.

In a major funding round event, Media & Entertainment startup, VerSe, raised $805 million in a Series J funding round led by CPP Investments with participation from Luxor Capital Group, Ontario Teachers' Pension Plan, Sumeru Ventures, and others. VerSe achieved unicorn status in December 2021 when it raised $100 million of funding from Google, Microsoft and Falcon Edge’s Alpha Wave Incubation. VerSe is a provider of an app for sharing short videos and news. VerSe enables users to share funny, entertainment-based videos on its platform in English and vernacular languages like Hindi, Malayalam, Tamil, Telugu, and Kannada. VerSe also allows users to read news aggregated from multiple sources, and uses AI to offer engaging content to users. Founded in 2007 by an ex-Facebook employee, Bangalore-based VerSe has raised around $1.8 billion till date.

Enterprise Applications startup, Instoried, raised $200 million in a funding round from Global Emerging Markets. Instoried is a provider of AI-based content optimisation tools. Instoried offers software that analyses the given content to provide a scorecard and feedback on how one can improve their written communication. Instoried includes subscription-based pricing plans, and allows users to boost customer engagement and enhance creativity. Founded in 2017, Bangalore-based Instoried has raised $210 million till date.

In another major funding round event, FinTech startup, CRED, raised $200 million in a Series E funding round led by GIC. CRED achieved unicorn status on 6th April 2021 when it raised $215 million from Coatue Management LLP and others. CRED is a reward-enabled, app-based platform for credit card bill payments. CRED enables credit and debit card users to pay their bills and get rewarded in the form of Cred Coins, which can be used to claim rewards from partner brands. CRED offers an app to manage multiple credit cards and keep real-time checks on credit scores, as well as calculators for home loans, EMIs and PPFs. Founded in 2018, Bangalore-based CRED has raised $894 million till date.

IndiQube, a Bangalore-based Real Estate and Construction Tech startup, raised $30 million in a Series B funding round led by WestBridge Capital with participation from Konark group, HirePro, Ashish Gupta, and others. IndiQube is a chain of co-working spaces. IndiQube includes plug and play infrastructure, customisable workspaces, operational support, and an intranet portal called MiCube which allows users to schedule and manage employee transport service, order food, book gym slots, and access concierge services. Founded in 2015 by IIT Roorkee alumni, IndiQube has raised $45 million till date.

Enterprise Applications startup, Rattle, raised $26 million in a Series A funding round led by Insight Partners with participation from GV, Sequoia Capital and Lightspeed Venture Partners.  Rattle is a platform offering Salesforce integration solutions. Rattle provides a layer built on Salesforce, and enables AEs and SDRs to update CRM, get real-time visibility, and review pipeline reports through Slack. Rattle also enables users to send automated messages on Slack after every qualified meeting. Founded in 2020, Punjab-based Rattle has raised close to $29 million till date.

Mumbai-based FinTech startup, EnKash, raised $20 million in a Series B funding round led by White Venture Capital, Baring Private Equity Partners India and Ascent Capital, with participation from Mayfield and Axilor Ventures. EnKash is a provider of corporate spend management solutions. EnKash offers a cards unification and spending management platform that features financial automation tools for businesses to manage payables, receivables and expenses. EnKash includes financial and non-financial products and services, as well as a plug-and-play card issuance stack. Founded in 2016, EnKash has raised over $23 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 10 Apr 2022.

MyHQ, a Real Estate and Construction Tech startup, was acquired by ANAROCK for over $16 million. MyHQ is an online marketplace to book shared passes for office membership. MyHQ includes amenities like WiFi, on-demand passes, permanent spaces for teams, a professional business address, virtual office, discounted food and beverages, as part of its plans. Founded in 2016 by IIT Delhi alumni and Harvard Business School alumni, MyHQ has raised over $2 million till date.

Gurgaon-based FinTech startup, BookMyForex, was acquired by Tripmoney. BookMyForex offers online money exchange and foreign remittance services in India. BookMyForex provides a suite of forex services, currency notes, prepaid travel cards, traveller’s cheques, foreign currency demand drafts and foreign currency wire transfers. BookMyForex also operates as a marketplace for foreign exchange, and has partnered with select banks and reputed exchange companies to fulfill the forex requirements of customers. Founded in 2011 by ex-Cisco employee, BookMyForex has raised close to $6 million till date from Faering Capital, Aditya Pratap Singh and Sudarshan Motwani. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. 

Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Games24x7, Vivriti Capital, Pine Labs, and more. In exits, we will cover the acquisition of Saankhya Labs by Tejas Networks, among others.

Starting with our deep dive into funding rounds, tech companies in India raised close to $415 million of funding across 24 funding rounds during this week.

Games24x7, an Online Gaming startup, raised $75 million in a Series C funding round led by Malabar Investments with participation from Raine Group and Tiger Global Management. With this funding round, Games24x7 achieved unicorn status on 30th March 2022. Games24x7 is a provider of a multi-gaming platform. Games24x7 uses behavioural science and artificial intelligence to develop cross-platform games like RummyCircle and My11Circle. Founded in 2006, Mumbai-based Games24x7 has raised $107 million till date.

Chennai-based FinTech startup, Vivriti Capital, raised $55 million in a Series C funding round led by Lightrock with participation from Creation Investments. Vivriti Capital is a debt financing platform for corporates, SMEs and individuals. Vivriti Capital offers a range of financial products including loans, receivables finance, working capital, structured debt, and capital market instruments to users. Vivriti Capital also provides webinars, blogs, and insights to assist in making lending decisions. Founded in 2017 by IIT Kharagpur alumni and IIM Bangalore alumni, Vivriti Capital has raised close to $163 million till date.

In another funding round event, FinTech startup, Pine Labs, raised $50 million in a Series E funding round from Temasek, Sequoia Capital, PayPal, and others. Pine Labs achieved unicorn status on 24th January 2020 when it raised $85 million from Mastercard. Pine Labs is a provider of POS terminals for businesses and merchants. Pine Labs offers products like hardware and software-based payment terminals, point-of-sale financing, working capital loans, loyalty and gift card solutions, as well as analytics for business decisions. Pine Labs caters to hospitals, grocery stores, electronics and automotive businesses. Founded in 1998 by IIM Bangalore alumni and IIT Delhi alumni, Noida-based Pine Labs has raised around $1.6 billion till date.

Enterprise Infrastructure startup, LambdaTest, raised $45 million in a Series C funding round led by Sequoia Capital and Premji Invest with participation from Telstra Ventures, Blume Ventures and Leo Capital. LambdaTest is a provider of cloud-based cross-browser testing solutions. LambdaTest includes features like integrated debugging, geolocation testing, bug detection, live and automated testing, collaboration, as well as live testing of public or hosted websites and web applications. Founded in 2017, Bangalore-based LambdaTest has raised over $70 million till date.

Qure.ai, a HealthTech startup, raised $40 million in a funding round led by Novo Holdings with participation from MassMutual Ventures and HealthQuad. Qure.ai is a provider of AI-based decision support tools for diagnostic images. Qure.ai offers a radiology solution that assists doctors with diagnosing diseases from CT Scans, MRIs and X-rays. Qure.ai enables them to outline and quantify regions of interest such as tumours or lung disease patterns and offers a digital pathology solution that can distinguish malignant from benign biopsies, and grade a variety of tumour types. Founded in 2016 by IIT Delhi alumni, Mumbai-based Qure.ai has raised close to $60 million till date.

In another funding round event, Chennai-based Transportation and Logistics Tech startup, Wiz, raised $36 million in a Series A funding round led by Tiger Global Management with participation from Stride Ventures, Arali Ventures, Alteria Capital, and others. Wiz is a provider of tech-enabled freight forwarding services. Wiz provides services like booking, live tracking, shipping, and task management with features like full container and partial container load shipping, door-to-door shipping, cargo insurance, customs and trade management. Founded in 2019, Wiz has raised around $40 million till date.

Crop Tech startup, FarMart, raised $32 million in a Series B funding round led by General Catalyst Partners with participation from Omidyar Network India, 500 Global, Matrix Partners India, and others. FarMart is a provider of a P2P rental platform for farm equipment. FarMart offers features like vernacular language support, transparent pricing, doorstep delivery of equipment, and cashless payment. Founded in 2015, Gurgaon-based FarMart has raised $48 million till date.

GIS startup, Pixxel, raised $25 million in a Series A funding round led by Radical Ventures with participation from Sparta Group, Blume Ventures, Inventus Capital India, and others. Pixxel is a provider of satellite-based Earth-imaging solutions. Pixxel develops and operates a network of small Earth-imaging satellites to provide real-time insights for monitoring purposes in agriculture, oil, gas, and climate sectors. Founded in 2019 by BITS Pilani alumni, Bangalore-based Pixxel has raised around $61 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 8 exits during the week of 03 Apr 2022.

Bangalore-based Semiconductors startup, Saankhya Labs, was acquired by Tejas Networks for over $37 million. Saankhya Labs is a provider of software-defined radio-based modules for video and data communication. Saankhya Labs offers software-defined demodulation IC solutions for universal digital and analogue TV, radio, and other broadcasting media, with applications in TV, TV dongles, tablet devices, and surveillance systems. Founded in 2007, Saankhya Labs has raised over $18 million till date.

In another acquisition event, InI Farms, a Crop Tech startup, was acquired by Agrostar. InI Farms is a provider of farming services to the horticultural sector. InI Farms offers services like technical guidance, access to inputs and markets, orchard management, and contract farming for farmers, investors, and growers. Founded in 2009 by IIT Kanpur alumni, Mumbai-based InI Farms has raised over $14 million till date.

Bangalore-based Auto Tech startup, Vogo, was acquired by Chalo for over $37 million. Vogo is a provider of an app-based self-drive scooter rental service. Vogo enables users to search, discover, lock, unlock and book on-demand rentals through its platform, with features like keyless entry, vehicle pick-up and drop-off by the user at pre-designated locations. Founded in 2016, Vogo has raised close to $180 million till date.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Oxyzo, ShareChat, Plum, and more. In exits, we will cover the acquisition of Clovia by Reliance Retail among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $340 million of funding across 23 funding rounds during this week.

In a major funding round event, Gurgaon-based FinTech startup, Oxyzo, raised $200 million in a Series A funding round led by Alpha Wave Global, Tiger Global Management, Norwest Venture Partners, Creation Investments and Matrix Partners India. With this funding round, Oxyzo achieved unicorn status on 23rd March 2022. Oxyzo is an online marketplace for business credit lines. Oxyzo offers lines of credit without collaterals, where users must add the required information and check for eligibility. Oxyzo enables fund transfer to the registered bank account after evaluation and approval. Oxyzo was founded in 2016.

ShareChat, Media & Entertainment startup, raised over $60 million in a Series G funding round from Times Internet. ShareChat achieved unicorn status on 8th April 2021 when it raised $502 million from Tiger Global and others. ShareChat is a provider of a vernacular-based social networking platform. ShareChat enables users to share photos and videos in various languages, follow local celebrities, expand their network, view content like news, poetry, satires on Indian politics, and play microgames. ShareChat caters to languages like Hindi, Marathi, Gujarati and Punjabi, and includes shake-and-chat features to connect users engaging with content from similar genres. ShareChat also offers a video platform for artists and creators to create short video content. Founded in 2015 by IIT Kanpur alumni, Bangalore-based ShareChat has raised close to $1.5 billion till date.

Mumbai-based Plum, an E-commerce startup, raised $35 million in a Series C funding round led by A91 Partners with participation from Unilever Ventures and Faering Capital. Plum is an internet first brand offering skincare products. Plum allows users to browse through its catalogue based on product type or skin type and shop for skincare, body care, makeup, and hair care products. Founded in 2013 by IIT Bombay alumni, Mumbai-based Plum has raised close to $52 million till date.

In another funding round, Enterprise Applications startup, Draup raised $20 million in a Series A funding round led by HKW. Draup is a sales enablement platform for enterprises. Draup uses big data, machine learning, and logic-based modelling in order to provide consultation services and insights to enhance sales pitching and help fit individual customer needs. Founded in 2017, Bangalore-based Draup has raised $20 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 11 exits during the week of 27 Mar 2022.

Clovia, a Noida-based E-commerce startup, was acquired by Reliance Retail for $125 million. Clovia is an internet first brand of innerwear for women. Clovia is a private label brand that offers products like lingerie, nightwear, tops, maternity wear, robe sets, and accessories like masks and hair bands. Founded in 2012, Clovia has raised close to $26 million till date from Golden Birch Resources, Singularity Ventures, IvyCap Ventures, and others.

In another acquisition event, E-commerce startup, Unbxd, was acquired by Netcore for $100 million. Unbxd is a provider of AI-powdered product search software for online stores. Unbxd helps e-commerce businesses increase conversions using personalized and relevant search queries with features like auto-completion and synonym detection. Netcore provides analytics from product searches so that businesses can offer relevant products. Founded in 2010, Bangalore-based Unbxd has raised close to $27 million till date.

Avail Finance, a Bangalore-based FinTech startup, was acquired by Ola. Avail Finance is a neobank for individuals. Avail Finance offers debit cards, money transfers, bill payments, and more. Avail Finance provides blue-collar workers with an app for salary accounts and personal loans, and offers loan-seekers tools for documentation and loan disbursal. Founded in 2017, Avail Finance has raised over $38 million till date.

HealthTech startup, Tinystep, was acquired by BabyChakra. Tinystep is a mobile-based platform offering content for parenting. Tinystep has Q&A forums for parents to connect and discuss topics like parenting, pregnancy, lifestyle, and more. Founded in 2015 by Stanford Business School alumni, Bangalore-based Tinystep has raised around $4 million till date from Flipkart and Mathew Glickman.

In another acquisition event, Jaipur-based EdTech startup, Hello English, was acquired by BYJU'S. Hello English is a provider of an English language learning app. Hello English allows users to learn through interactive lessons and games associated with reading, writing, speaking, and listening. Hello English enables them to learn English from their native language, and includes features like daily news, discussions with teachers, peer-to-peer comparison, as well as a multi-lingual dictionary. Founded in 2012, Hello English has raised close to $7 million till date.

Lithium Urban Technologies, an Auto Tech startup, was acquired by EverSource Capital. Lithium is a provider of urban electric transportation solutions. Lithium offers software, EV fleets, charging infrastructure, cloud-based transportation management systems and cabs equipped with cameras and GPS systems to corporate customers. Founded in 2013, Bangalore-based Lithium Urban Technologies has raised around $19 million till date.  

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Licious, BlueStone, ekincare, and more. In exits, we will cover the acquisition of Xpedize by Clear, among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $234 million of funding across 15 funding rounds during this week.

In a major funding round event, Bangalore-based Online Grocery startup, Licious, raised $150 million in a Series F funding round led by Amansa Capital with participation from Temasek, Kotak Private Equity Group, Vertex Growth, and others. Licious achieved unicorn status on 5th October 2021 when it raised $52 million from Avendus, IIFL Asset Management and Transaction Square. Licious is an online platform offering meat and seafood products. Licious delivers hand-cut, vacuum-sealed and packed, fresh, marinated, or cold cut meat, chicken, fish, eggs, mutton and seafood, and more. Licious has a central processing plant and several storage units in multiple cities, and works on a zero inventory model. Licious also offers subscriptions that allow users to pre-set delivery dates of products. Licious offers an Android and iOS app. Founded in 2015, Licious has raised $488 million till date.

E-commerce startup, BlueStone, raised $30 million in a funding round led by Sunil Kant Munjal. BlueStone is an internet first brand offering jewellery and accessories. BlueStone’s product catalogue includes earrings, rings, pendants, bangles, bracelets, and more. BlueStone offers an app for Android and iOS platforms. Founded in 2011, Bangalore-based BlueStone has raised $104 million till date.

ekincare, a Hyderabad-based HealthTech startup, raised $15 million in a Series B funding round led by HealthQuad and Sabre Partners India with participation from Ventureast, Endiya Partners, Siana, and others. ekincare is an AI-based platform for the management of employee health benefits. ekincare helps patients manage their healthcare records, as well as provides health analytics and personalised healthcare plans using the data collected. ekincare also offers an online marketplace to book diagnostics tests and doctor appointments. ekincare includes features like timely reminders, expert doctor opinions and online lab results. Founded in 2014, ekincare has raised close to $21 million till date.

In another funding round, E-commerce startup, UpScalio, raised $15 million in a Series A funding round led by Gulf Islamic Investments with participation from Unity Bank and Northern Arc. UpScalio is a platform acquiring e-commerce bu­si­nesses. UpScalio evaluates, analyses, and then acquires and operates small and medium-sized online businesses. UpScalio closes the deal with a fund transfer after analysis, whilst using big data and AI technology to grow businesses, forecast demand and optimise pricing, promotions and advertising. Founded in 2021, Gurgaon-based UpScalio has raised over $57 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 20 Mar 2022.

Gurgaon-based FinTech startup, Xpedize, was acquired by Clear. Xpedize is a provider of SaaS-based dynamic discounting software. Xpedize connects investors, suppliers, and buyers, and allows suppliers to offer dynamic cash discounts in order to receive early payments from buyers. Xpedize enhances compliance through the audit trail mechanism and improves supplier relationships. Founded in 2017, Xpedize has raised over $1 million till date from HDFC Capital Advisors Limited, Turbostart, Amit Goel, and others.

Xoxoday, an Enterprise Applications startup, was acquired by Giift. Xoxoday is a provider of employee engagement solutions. Xoxoday provides benefits such as employee rewards and gifts, employee referrals, incentives, engagement for gig workers, and more. Xoxoday includes features such as an API and webhooks, digital wallets, data insights, link-based rewarding and monetisation through subscription-based plans. Founded in 2012, Bangalore-based Xoxoday has raised $ 600 thousand till date from Shiksha Infotech, N+1 Capital, Mahindra, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Money View, Captain Fresh, Loco, and more. In exits, we will cover the acquisition of Don't Memorise by Infinity Learn, among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $308 million of funding across 24 funding rounds during this week.

FinTech startup, Money View, raised $75 million in a Series D funding round led by Tiger Global Management, Winter Capital, Evolvence India, Accel, South Park Commons, Trusted Insight and Dream Incubator. Money View is a provider of an app-based platform for personal loans. Money View offers loans on the basis of credit assessments through its Android app, with features like expense management, loan tenure selection, an EMI calculator, amount dashboard and document upload. Founded in 2014 by IIT Delhi alumni, Bangalore-based Money View has raised $128 million till date.

Captain Fresh, a Hyderabad-based Online Grocery startup, raised $50 million in a Series C funding round led by Prosus and Tiger Global Management with participation from Accel, Ankur Capital and Matrix Partners India. Captain Fresh is a B2B platform offering seafood products. Captain Fresh wholesale trades seafood with features like integrated shipping, payment protection, and quality assurance services, with the use of deep technology to provide a rapid harvest-to-retail solution. Captain Fresh offers an Android app. Founded in 2019, Captain Fresh has raised $109 million till date.

In another funding round event, Mumbai-based Media and Entertainment startup, Loco, raised $42 million in a Series A funding round led by Hashed with participation from Hiro Capital, Makers Fund, Korea Investment Partners, and others. Loco is a live-streaming platform for video games. Loco allows users to play and live stream games like Free Fire, PUBG, Valorant, and GTA V. Loco offers an app for Android devices. Founded in 2020, Loco has raised $51 million till date.

Gurgaon-based Otipy, a Crop Tech startup, raised $32 million in a Series B funding round led by WestBridge Capital with participation from Omidyar Network India and SIG. Otipy offers a platform for farmers to retail fruits and vegetables directly to consumers. Otipy includes features like on-demand ordering and harvesting, order and delivery management, payment tracking, store code registration, QR code-based source farm tracing, and earnings management. Otipy provides an app for both Android and iOS platforms. Founded in 2020 by IIT Delhi alumni, Otipy has raised close to $45 million till date.

FinTech startup, Zeta, raised $30 million in a Series C funding round led by Mastercard. Zeta achieved unicorn status on May 24th 2021 when it raised $250 million from SoftBank Vision Fund. Zeta is a cloud-based payment and banking solution for enterprises. Zeta includes features like payment collection from vendors, clients and consumers, employee payment management, as well as multiple solutions for banks such as a card issuance system, payment authentication system, virtual cards and wallets. Zeta also provides a software suite for launching neobanks and facilitating loan processing. Founded in 2015 by BITS Pilani alumni, Bangalore-based Zeta has raised $350 million till date.

In another funding round event, Bangalore-based Enterprise Infrastructure startup, 100ms, raised $20 million in a Series A funding round led by Alpha Wave Global with participation from Accel, LocalGlobe, Matrix Partners India, and others. 100ms is a provider of cloud-based, white-label video conferencing software. 100ms includes features like video parameters management, participant count, in-built real-time database management, maintaining participant roles, video games, shared shopping cart states, and customisable templates. Founded in 2020 by IIT Bombay alumni, 100ms has raised over $24 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 5 exits during the week of 13 Mar 2022.

Mumbai-based EdTech startup, Don't Memorise, was acquired by Infinity Learn. Don't Memorise offers online courses in maths and science. Don't Memorise is a video-based learning platform, with features like online quizzes for practicing problems, a student forum for discussion with other students, and bite-sized videos on various topics like vocabulary, high school and middle school maths, as well as CBSE and ICSE curriculum. Don't Memorise was founded in 2012. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Pocket FM, Atlan, Filo, and more. In exits, we will cover the acquisition of Whizzard by Mahindra Logistics among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $224 million funding across 26 funding rounds during this week.

Media & Entertainment startup, Pocket FM, raised $65 million in a Series C funding round led by Naver, Goodwater Capital and Tanglin Venture Partners. Pocket FM is an app-based platform providing audiobooks and podcasts. Pocket FM offers audiobooks in categories like crime, history, horror, and classics, and also allows users to stream podcasts in various topics like education, motivation, and personality development. Pocket FM also provides radio streaming services, and an app for Android devices. Founded in 2013 by IIT Kharagpur alumni, Gurgaon-based Pocket FM has raised $119 million till date.

In another funding round event, Atlan, an Enterprise Applications startup, raised $50 million in a Series B funding round led by Salesforce and Sequoia Capital. Atlan is a provider of a DataOps platform for multiple teams. Atlan allows users to collect quality data using a mobile data collection app, as well as gather responses from individuals, with features like cloud-based storage and data integration with BI tools. Atlan enables data teams to solve critical problems, and offers access to data from various sources. Founded in 2018 by Nanyang Technological University alumni, Delhi-based Atlan has raised $68 million till date.

Filo, a Gurgaon-based EdTech startup, raised $23 million in a Series A funding round led by Anthos Capital with participation from GSV Ventures, Better Capital, Sapling Capital, and others. Filo is an app-based platform providing tutoring and doubt-clearing solutions for school students. Filo offers tutoring in subjects such as physics, chemistry and maths for grades 9 to 12, with features like exam preparation, revision and homework help. Filo offers a mobile app for Android and iOS devices. Founded in 2020, Filo has raised $25 million till date.

Mumbai-based EdTech startup, Kuhoo, raised $20 million in a Seed funding round led by WestBridge Capital. Kuhoo is an online platform providing student loans. Kuhoo enables users to apply for loans and also offers flexible repayment solutions and self-service options. Founded in 2021, Kuhoo has raised $20 million till date.

In another funding round event, Delhi-based E-commerce startup, Locofast, raised $15 million in a Series A funding round led by Stellaris Venture Partners and Chiratae Ventures with participation from Axilor Ventures, Suhail Sameer, Amit Lakhotia, and others. Locofast is a provider of supply chain solutions for the fashion industry. Locofast offers a platform with features that include design and collaboration, end-to-end SKU visibility, report and data analytics, supply chain expertise, as well as services for printing, dyeing and finishing. Founded in 2019, Locofast has raised $16 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 6 exits during the week of 06 Mar 2022.

Transportation and Logistics Tech startup, Whizzard, was acquired by Mahindra Logistics for over $9 million. Whizzard is a provider of last-mile delivery services for e-commerce. Whizzard provides retailers and businesses with a platform and network to offer services like reverse logistics, same-day, next-day, intercity and hyperlocal deliveries. Hyderabad-based Whizzard was founded in 2019.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of MediBuddy, Niyo, Facilio, and more. In exits, we will cover the acquisition of Fintellix by TransUnion among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $383 million of funding across 26 funding rounds during this week.

In a major funding round event, MediBuddy, a HealthTech startup, raised $125 million in a Series C funding round led by Quadria Capital and Aspada Investments with participation from Stride Ventures, FinSight Ventures, Alteria Capital, and others. MediBuddy is a provider of app-based healthcare services. MediBuddy enables users to search for healthcare providers, book services like lab tests, health checkups and medicine deliveries, and schedule follow-ups with doctors across multiple medical specialities. Founded in 2013 by IIT Madras alumni, Bangalore-based MediBuddy has raised $211 million till date. 

FinTech startup, Niyo, raised $100 million in a Series C funding round led by Accel and Lightrock with participation from Beams, JSCapital and Prime Venture Partners. Niyo is a digital bank. Niyo offers a zero balance account with features like account opening, salary advance, and free accidental death insurance. Niyo also provides foreign currency exchange solutions and deposit in the account options through NEFT and IMPS, as well as a tax-saver card that maximises the take-home salary of employees and enables users to track, manage and claim employee benefits like food, gifts, fuel, travel, and phone services. Niyo offers an app for iOS and Android devices. Founded in 2015 by IIM Calcutta alumni, Bangalore-based Niyo has raised $149 million till date.

Chennai-based Facilio, a Real Estate and Construction Tech startup, raised $35 million in a Series B funding round led by Dragoneer Investment Group with participation from Accel, Brookfield Asset Management and Tiger Global Management. Facilio is a provider of SaaS-driven facility operations and maintenance software. Facilio offers software for preventative and predictive maintenance, the management of work orders, assets and space, IoT- driven analytics, HVAC monitoring, and fire safety. Facilio enables facility managers to get access to real-time data, collaborate with team members, track asset performance, manage space and maintenance issues, and schedule maintenance and inspection. Founded in 2017, Facilio has raised $42 million till date.

In another funding round event, Transportation and Logistics Tech startup, Shipsy, raised $25 million in a Series B funding round led by A91 Partners and Z3Partners with participation from Info Edge and Surge. Shipsy is a provider of AI-enabled multi-modal transportation management software. Shipsy offers web-based software for rate procurement, container tracking, shipment tracking, and delivery management. Shipsy also offers solutions for route optimisation, route planning and scheduled planning. Founded in 2015 by IIT Delhi alumni and IIT Madras alumni, Gurgaon-based Shipsy has raised $32 million till date.

InsurTech startup, Vymo raised $22 million in a Series C funding round led by Bertelsmann India Investments with participation from Sequoia Capital and Emergence Capital. Vymo is a provider of virtual assistants for sales representatives. Vymo also offers AI and cloud-based customer resource management software for field sales teams with features like management of leads, resources and sales, geo-tracking, activity detection, sales metrics and analytical reports. Founded in 2013, Bangalore-based Vymo has raised $45 million till date.

Bangalore-based Auto Tech startup, Ola, raised $20 million in a Series J funding round led by Arrow Capital and Axis Growth Avenues AIF. Ola achieved unicorn status on 25th December 2014 when it raised $210 million from SoftBank Group. Ola is a provider of app-based ride-hailing services. Ola enables users to provide location and passenger details, select the mode of transport, such as car, auto-rickshaw, or two-wheeler, and book rides. Ola includes features like real-time tracking, various payment options, in-app payments, membership services, and pay later options. Ola also provides bookings for outstation, corporate and local rides, as well as self-drive car rentals. Ola offers a mobile app for both Android and iOS devices. Founded in 2010 by IIT Bombay alumni, Ola has raised $4 billion till date.

This was all from the funding updates, moving on to the exits. India Tech observed 7 exits during the week of 27 Feb 2022.

Bangalore-based FinTech startup, Fintellix, was acquired by TransUnion for $515 million. Fintellix is a provider of analytics, risk and compliance solutions for banking. Fintellix offers an online platform for banks to extract data from internal and external data sources through adapters and provisions. Fintellix includes features like pre-packaged dashboards, reports, implementation accelerators, and a pre-built Banking Data Model. Fintellix enables financial institutions to comply quickly and at lower costs, and its risk product suite allows banks to create a risk governance system to permit risks within limits. Founded in 2006, Fintellix has raised $17 million till date from IDG ventures, Chiratae Ventures, Sequoia Capital, and others.

In another acquisition event, Benow, a Payments Tech startup, was acquired by Mosambee. Benow is a provider of UPI-enabled payment solutions for merchants and consumers. Benow allows merchants to accept cashless payments and send offers to customers, and allows consumers to make digital payments using UPI apps, credit and debit cards. Benow integrates all digital payments into a single mobile app for customers. Founded in 2016, Mumbai-based Benow has raised $3 million till date from JioGenNext, Santosh Pundlik Sankpal and Murali Vullaganti. 

Gurgaon-based numberz, a FinTech startup, was acquired by Chargebee. numberz is a provider of AI-based solutions for accounts receivables and collection management. numberz offers solutions for tracking and collection of payments, customer management, workflow automation, accounts reconciliation, dispute management,  cash forecasting, and integration with enterprise resource planning software. Founded in 2014, numberz has raised $5 million till date from Khosla Impact, Kae Capital, Sequoia Capital, and others.

Superset, an HR Tech startup, was acquired by Great Learning. Superset is a provider of a placement management solution for educational institutions. Superset automates the campus placement process, manages student data, and tracks student placement cycles through its platform. Superset includes features such as automated placements, process streamlining, data monitoring, and an end-to-end hiring gateway. Founded in 2016, Bangalore-based Superset has raised $1 million till date from Blume Ventures, Rahul Khemka, Kaushik Mohan, and others. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Glance, Pine Labs, DealShare, and more. In exits, we will cover the acquisition of GetMyUni by CollegeDekho among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $506 million of funding across 21 funding rounds during this week.

In a major funding round event, Consumer Tech startup, Glance, raised $200 million in a Series D funding round led by Jio, Google, and Mithril. Glance achieved unicorn status on 22nd December 2020 when it raised $145 million from Google and Mithril. Glance is a provider of a mobile lock screen content management and advertising solution. Glance allows users to manage news on movies, travel, sports, food, and games in vernacular languages on their phone lock screens. Glance is available across Android platforms. Founded in 2017, Bangalore-based Glance has raised $390 million till date.

Noida-based FinTech startup, Pine Labs, raised $150 million in a Series E funding round led by Alpha Wave Global. Pine Labs achieved unicorn status on 24th January 2020 when it raised $85 million funding from Master Card and others. Pine Labs offers POS terminals for businesses and merchants. Pine Labs products include hardware and software-based payment terminals, point-of-sale financing, working capital loans, and more. Pine Labs also offers loyalty and gift card solutions, analytics for business decisions, and more. Pine Labs offers the solution for businesses like hospitals, grocery stores, electronics, and more. Founded in 1998 by IIM Bangalore alumni and IIT Delhi alumni, Pine Labs has raised more than $1.5 billion till date.

Jaipur-based DealShare, an E-commerce startup, raised $45 million in a Series E funding round from Abu Dhabi Investment Authority. With this funding round, DealShare achieved unicorn status. DealShare is a social deal-sharing platform for multi-category products. DealShare caters to products like fruits and vegetables, grocery items, fashion accessories, home decoration products, and more. DealShare allows users to buy and share deals with friends, and avail of discounts based on the number of people purchasing its products. Founded in 2018 by IIM Bangalore alumni and Indian School of Business alumni, DealShare has raised $393 million till date.

FinTech startup, Propelld, raised $35 million in a Series B funding round led by WestBridge with participation from India Quotient, and Stellaris Venture Partners. Propelld is an online lending marketplace for education financing. Propelld offers a pay-when-you-earn option for students to opt for a standard EMI financing option and pay some percentage of the course fee every month during the moratorium period which covers the course duration and additional buffer months to allow the student enough time to find a job. Propelld's platform uses a proprietary employability outcome algorithm to include earning potential when determining the ability of a borrower to repay. Founded in 2016 by IIT Madras alumni, Bangalore-based Propelld has raised $38 million till date.

Health InsurTech startup, Kenko, raised $12 million in a Series A funding round led by Sequoia Capital with participation from Orios Venture Partners, 9Unicorns, Beenext, and others. Kenko is a provider of a cloud-based health insurance platform for OPD expenses. Kenko offers healthcare insurance solutions such as medical expenses coverage, dental protection, home care, diagnostic tests coverage, and vision care. Kenko also offers insurance-related blogs for users. Founded in 2019 by Indian School of Business alumni, Mumbai-based Kenko has raised $13 million till date.

In another funding round, Mumbai-based E-commerce startup, Join Ventures, raised its first Series A funding of $10 million from 9Unicorns, DSG Consumer Partners, and Venture Catalysts. Join Ventures is a platform for acquiring e-commerce brands. Join Ventures acquires and operates small and medium-sized brands, and its proprietary technology helps the business grow and also provides consumer insights powered by AI and analytics. Founded in 2020 by Indian School of Business alumni, Join Ventures has raised $ 10 million till date. 

This was all from the funding updates, moving on to the exits. India Tech observed 6 exits during the week of 20 Feb 2022.

Bangalore-based GetMyUni, an EdTech startup, was acquired by CollegeDekho. GetMyUni is a student community platform for networking and university reviews. GetMyUni serves as a social networking platform for students to interact and discuss various education-related queries, as well as provide and receive advice for future education plans. GetMyUni also offers analytics-driven recruitment, marketing, and communication platforms for schools, and a competition platform for corporates to recruit students for internships or fresher jobs. GetMyUni was founded in 2013. 

In another acquisition event, Logistics Tech startup, Glaucus Supply Chain Solutions, was acquired by ShipRocket. Glaucus Supply Chain Solutions is a provider of cloud-based end-to-end supply chain solutions for e-tailers. Glaucus Supply Chain Solutions enables the management of supply chains, orders, inventories and warehouses, and offers fulfillment services like operations management, domestic and international transportation. Founded in 2015, Delhi-based Glaucus Supply Chain Solutions has raised $2 million till date from Vivek Gupta, Jayant Yadav, Arya Sen, and others. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Polygon, ElasticRun, LivSpace and more. In exits, we will cover the acquisition of Grexter by Aurum House, among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $1 billion of funding across 36 funding rounds during this week.

In a major funding round event, FinTech startup, Polygon, raised $450 million in a Series D funding round led by Sequoia Capital with participation from SoftBank, Accel, WorkPlay Ventures, and others. Polygon is a provider of Ethereum scaling solutions for Web 3 developers. Polygon offers a protocol and framework for building and connecting Ethereum-compatible blockchain networks. Polygon combines Ethereum and sovereign blockchain into a multi-chain system. Founded in 2020, Bangalore-based Polygon has raised $450 million till date.

Pune-based E-commerce startup, ElasticRun, raised $300 million in a Series E funding round led by SoftBank Vision Fund with participation from Chimera, Prosus, Goldman Sachs, and others. With this funding round, ElasticRun achieved unicorn status on February 7th, 2022. ElasticRun is a provider of e-commerce enablers and fulfillment solutions for businesses. Elastic Run is an aggregated network for transportation, pooling in logistics services from distributors and enterprises that offer last-mile deliveries. ElasticRun is an asset-light transportation network that caters to industries such as consumer goods, online retail, manufacturing, automotive, and hospitality sectors. Founded in 2016 by IIM Ahmedabad alumni, Elastic Run has raised $430 million till date.

LivSpace, a Home Improvements startup, raised $180 million in a Series F funding round led by KKR with participation from Ingka, Venturi Partners, Peugeot Invest, and others. With this funding round, LivSpace achieved unicorn status on February 7th, 2022. LivSpace is an interior design marketplace connecting interior designers, vendors and customers. LivSpace allows users to book professionals and online consultations, receive quotes for personalised designs, and avail of installation services. LivSpace also offers end-to-end services for home interiors. Founded in 2014, Bangalore-based LivSpace has raised $495 million till date.

In another funding round, Logistics Tech startup, XpressBees, raised $100 million in a Series F funding round led by Blackstone, TPG and ChrysCapital with participation from Investcorp and Norwest Venture Partners. With this funding round, XpressBees achieved unicorn status on 9th February 2022. XpressBees is a provider of e-commerce fulfillment solutions. XpressBees enables shipment tracking, cargo deliveries, cross-border logistics and transactions, imports and exports, and warehousing. XpressBees also provides integration with online marketplaces, management of stock orders, inventories, returns, and fulfillment. XpressBees caters to businesses in the automotive, food and grocery, and health care sectors. Founded in 2015 by IIM Ahmedabad alumni, XpressBees has raised $500 million till date.

*The funding round included $100 million of primary capital and $200 million from secondary investors. We have considered the primary capital.

Bangalore-based Altigreen, an Auto Tech startup, raised $40 million in a Series A funding round led by Sixth Sense Ventures. Altigreen is a developer of electric utility vehicles. Altigreen develops three-wheeled utility vehicles for the delivery of food, grocery and parcels, with features like lithium-ion batteries, disc brakes, and GPS-based remote diagnostics. Founded in 2013, Bangalore-based Altigreen has raised $48 million till date.

In another funding round event, Mintifi, a FinTech startup, raised $40 million in a Series C funding round led by Norwest Venture Partners and Elevation Capital. Mintifi is an online marketplace for business loans. Mintifi offers multiple types of business loans including working capital loans, invoice discounting, as well as term loans. Mintifi charges interest on the funds utilised, and offers an Android app for SMEs to manage their funds effectively. Founded in 2017 by IIT Bombay alumni, Mumbai-based Mintifi has raised $59 million till date.

Enterprise Applications startup, Airmeet, raised $35 million in a Series B funding round led by Prosus, Sistema, RingCentral, KDDI, DG Daiwa Ventures and NEXXUS with participation from Sequoia Capital. Airmeet is a provider of cloud-based virtual event management software. Airmeet provides a solution to manage and host online events and meetings for communities, with features like interactions management, event hosting, real communications, and branded virtual tables. Founded in 2019 by IIT Roorkee alumni and IIT Kanpur alumni, Bangalore-based Airmeet has raised $50 million till date.

Karbon, a Bangalore-based FinTech startup, raised $15 million in a Series A funding round led by Olive Tree Capital, Avenir Growth Capital, and Harmony with participation from Orios Venture Partners, Mercury and Ramp. Karbon is a provider of corporate cards and banking solutions for businesses. Karbon enables businesses to track expenses and offer rewards to employees, with features like cash and account management, credit cards, controls and reporting. Founded in 2019, Karbon has raised $30 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 5 exits during the week of 13 Feb 2022.

Bangalore-based Grexter, a Real Estate Tech startup, was acquired by Aurum House. Grexter is a provider of managed co-living spaces. Grexter enables users to search for the property of their choice and schedule property viewings through the platform, as well as avail of amenities provided such as Wifi, housekeeping services, furnished rooms and dedicated gaming zones. Founded in 2015, Grexter has raised $2 million till date from Amphion, Gaurav Singhvi Ventures, India Connection Impex, and others. 

In another acquisition event, Uvik, a FinTech startup, was acquired by Infibeam Avenues for $10 million. Uvik is a provider of payment gateway solutions for retail businesses. Uvik offers a POS app to facilitate payments through credit and debit cards, and bank transfers for retailers like grocery stores, salons and restaurants. Uvik enables users to place the customer card on the back of the phone in order to receive payments. Founded in 2019, Bangalore-based Uvik has raised $1 million till date from Season Two Ventures. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Scaler, Loadshare, JAR and more. In exits, we will cover the acquisition of Knowlarity by Gupshup, and the IPO by AGS Transact Technologies, among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $171 million funding across 20 funding rounds during this week.

EdTech startup, Scaler, raised $55 million in a Series B funding round led by Aspada Investments with participation from Sequoia Capital and Tiger Global Management. Scaler is an online platform providing learning programs for students. Scaler provides college students and professionals with courses on programming, computer science fundamentals, product management, and software development with features like a live, gamified classroom, one-on-one mentoring, and a global community. Founded in 2015 by an ex-Facebook employee, Bangalore-based Scaler has raised $76 million till date.

In another funding round event, Loadshare, a Transportation and Logistics Tech startup, raised $40 million in a Series C funding round led by Tiger Global Management with participation from CDC Group, Matrix Partners India, 57 Stars, and others. Loadshare is a tech-enabled regional logistics network. Loadshare offers services like first and last-mile deliveries, e-commerce shipments, line haul, warehousing, fulfilment and contract logistics through its platform. Founded in 2017 by IIT Delhi alumni, Bangalore-based Load Share has raised $61 million till date.

Bangalore-based FinTech startup, JAR, raised $32 million in a Series A funding round led by Tiger Global Management with participation from Stonks, Force Ventures, Third Prime, and others. JAR is the provider of an app-based savings and gold investment platform. JAR allows users to buy and sell gold assets, as well as save money by taking spare change from online transactions and automatically investing in digital gold. JAR offers an app for Android platforms. Founded in 2021, JAR has raised $36 million till date.

Adonmo, an Enterprise Applications startup, raised $15 million in a Series A funding round led by Zomato. Adonmo offers in-transit cab advertising solutions. Adonmo enables advertisers to place their ads on top of the cab and select the target location and relevant time slots to display advertisements, as well as track their ads in real-time. Adonmo uses proprietary computer vision and hyper-local technology to identify its viewers for targeted advertising. Founded in 2016 by IIT Indore alumni, Hyderabad-based Adonmo has raised $18 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 2 exits during the week of 06 Feb 2022.

Gurgaon-based Knowlarity, a Cloud Communications startup, was acquired by Gupshup. Knowlarity is a provider of cloud-based telephony solutions for enterprise communication. Knowlarity offers solutions like voice-based software for workflow monitoring, customer communication, messaging, video-based meetings and multi-channel communication. Founded in 2009, Knowlarity has raised $49 million till date from Emergic, Delta Partners, Sequoia Capital, and others. 

In another major development this week, AGS Transact Technologies, a Mumbai-based FinTech startup, went public. The IPO pegs the valuation of the company at nearly $90 million. AGS Transact Technologies is a provider of diversified payment processing solutions for merchants and businesses. AGS Transact Technologies offers integrated omnichannel payment methods like digital and cash-based solutions, customised products and services such as outsourcing of ATM and Cash Recycler Machines, cash management, transaction processing services, and mobile wallets. AGS Transact Technologies was founded in 2002 and has raised over $81 million across several funding rounds. Major investors who backed the company in its early stages include enterprises like Kotak Mahindra Bank, Actis, TPG, and others. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reach out to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Swiggy, Ola Electric, ShopKirana, and more. In exits, we will cover the acquisition of Care24 by Human Life Management, among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $1 billion funding across 38 funding rounds during this week.

In a major funding round event, Food Tech startup, Swiggy, raised $700 million in a Series J funding round led by Invesco with participation from Qatar Investment Authority, ARK Impact Asset Management, Prosus, and others. With this funding round, Swiggy achieved decacorn status and a valuation of $11 billion. Swiggy is an online platform for food ordering and delivery. Swiggy enables users to discover multiple types of restaurants from nearby locations, so they can order food online and have them delivered home, with features like real-time tracking of delivery status and online payments. Swiggy offers an app for both Android and iOS platforms. Swiggy also facilitates the on-demand ordering of fresh fruits and vegetables, daily essentials, and household items from supermarkets in the city through the grocery section on the platform. Founded in 2014, Bangalore-based Swiggy has raised $3 billion till date.

Bangalore-based Auto Tech startup, Ola Electric, raised $200 million in a Series C funding round led by Edelweiss with participation from Alpine Investors and Tekne Capital Management. Ola Electric achieved unicorn status in July 2019 when it raised $250 million of funding from Softbank. Ola Electric uses AI-enabled robots to manufacture the electric two-wheelers, whose features include a large boot space, rapid acceleration, access to a nationwide hypercharger network, availability in multiple colours and a smart operating system. Ola Electric also claims to provide vehicle leasing solutions to users. Founded in 2017, Ola Electric has raised $864 million till date.

ShopKirana, a B2B E-Commerce startup, raised $38 million in a Series C funding round led by Oman India Joint Investment Fund and Sixth Sense Ventures with participation from Info Edge, Incubate Fund India, 9Unicorns, and others. ShopKirana is a mobile-based B2B marketplace for groceries. ShopKirana connects grocery retailers and brands by aggregating orders from multiple retailers and passing them on to brands. ShopKirana allows retailers to place orders directly from its Android app, and also offers POS data, trends, forecasts, and market analysis for distributors and brands. Founded in 2015 by BITS Pilani alumni, Indore-based ShopKirana has raised $51 million till date.

Bangalore-based Vyapar, a FinTech startup, raised $30 million in a Series B funding round led by WestBridge with participation from IndiaMART, India Quotient and FortyTwo.VC. Vyapar is a provider of cloud-based invoicing solutions for small businesses. Vyapar offers solutions for inventory and accounting management, business accounts, party ledger, and stock management. Vyapar allows users to upload photos of the receipt and attach them with invoices, as well as purchase, cash-in, cash-out, send payment reminders to parties, generate bank statements and get custom reports. Founded in 2015 by London School of Economics and Political Science alumni, Vyapar has raised $35 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 5 exits during the week of 30 Jan 2022.

Health Tech startup, Care24, was acquired by Human Life Management. Care24 is a provider of at-home healthcare services for patients. Care24 provides services like physiotherapy, nursing care, elderly companion care, doctor visits, post-operative care and medical services for patients at home through nurses and caregivers. Founded in 2014, Mumbai-based Care24 has raised $7 million till date from Dream Incubator, India Quotient, Human Life Management, and others.

In another acquisition event, My Class Campus, an EdTech startup, was acquired by Teachmint. My Class Campus is a provider of a communication platform for students, teachers, and parents. My Class Campus enables activities like the sharing of digital materials, discussion boards, live tests, notice boards, and calendars. My Class Campus includes modules for the management of finances, fees, human resources, timetables, inventories, libraries, inquiries and hostels. My Class Campus offers an app for both Android and iOS platforms. Founded in 2014, Ahmedabad-based My Class Campus has raised $0.2 million till date.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Pixis, INDMoney, M2P and more. In exits, we will cover the acquisition of Payswiff by Cholamandalam Investment and Finance Company among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $501 million funding across 42 funding rounds during this week.

In a major funding round event, Enterprise Applications startup, Pixis, raised $100 million in a Series C funding round led by SoftBank Vision Fund with participation from Premji Invest, Celesta Capital, Chiratae Ventures, and others. Pixis is a provider of codeless AI infrastructure for marketing. Pixis offers over four-dozen proprietary AI models that are deployed across an ecosystem of products and plugins. Pixis provides marketers with no-code plug-and-play AI products. Founded in 2018 by BITS Pilani alumni, Bangalore-based Pixis has raised $124 million till date.

INDmoney, a FinTech startup, raised $76 million in a Series D funding round led by Steadview Capital, Tiger Global Management and Dragoneer Investment Group. INDmoney is an app-based comparison and advisory platform for financial products. INDmoney enables the comparison of consumer loans such as personal loans and mortgage loans, investments such as mutual funds, fixed deposits, stocks and bonds. INDmoney uses machine learning to provide offers on the basis of savings and expenses. INDmoney offers an app for iOS and Android devices. Founded in 2019 by an ex-Google employee, Gurgaon-based INDmoney has raised $133 million till date.

Chennai-based FinTech startup, M2P, raised $56 million in a Series C funding round led by Insight Partners with participation from MUFG, Better Capital and Tiger Global Management. M2P is a provider of open banking APIs for banking and payment. M2P allows the design and implementation of neo-banks and deposit products. M2P also offers lending systems with lending and credit cards for multiple lender servicing, as well as local and cross-border payment systems with real-time control. Founded in 2015 by an ex-Paypal employee, M2P has raised $106 million till date.

E-commerce startup, Purplle, raised $34 million in a Series D funding round led by Sequoia Capital with participation from Blume Ventures and Sangeeta Pendruka. Purplle is an online marketplace offering multi-category beauty products. Purplle includes products from various brands, such as makeup, fragrances, body care, hair, skin and facial care products, in addition to beauty appliances. Purplle offers an app for Android and iOS platforms. Founded in 2011 by IIT Kharagpur alumni and IIT Delhi alumni, Mumbai-based Purplle has raised $275 million till date.

In another funding round event, Bangalore-based StockGro, a FinTech startup, raised $32 million in a Series A funding round led by BITKRAFT Ventures, General Catalyst Partners and Itai Tsiddon with participation from CreedCap Asia Advisors and Roots Ventures. StockGro is a social trading platform for stocks. StockGro allows users to access, evaluate, copy, and implement trade strategies for investing in stocks. StockGro also offers training sessions and games to assist new users. StockGro offers an app for Android and iOS platforms. Founded in 2019 by Indian School of Business alumni, StockGro has raised $49 million till date.

Media & Entertainment startup, VerSe, raised $27 million in a Series I funding round led by CPP Investments. VerSe achieved unicorn status in December 2021 when it raised $100 million of funding from Google, Microsoft and Falcon Edge’s Alpha Wave Incubation. VerSe is a provider of an app for sharing short videos and news. VerSe enables users to share funny, entertainment-based videos on its platform in English and vernacular languages like Hindi, Malayalam, Tamil, Telugu, and Kannada. VerSe also allows users to read news aggregated from multiple sources, and uses AI to offer engaging content to users. Founded in 2007 by an ex-Facebook employee, Bangalore-based VerSe has raised $942 million till date.

Blinkit, a Gurgaon-based Online Grocery startup, raised $24 million in a Series G funding round from KTB Asset Management. Blinkit, formerly known as Grofers, achieved unicorn status in August 2021 when it raised $120 million of funding from Zomato and Tiger Global Management. Blinkit is an online platform for on-demand grocery ordering and deliveries. Blinkit allows users to order fruits and vegetables, meat products, bakery supplies, dairy products, snacks and spices, drinks and beverages, stationery and gifting items, as well as personal care, household supplies and cleaning essentials. Blinkit claims to deliver within 10 minutes from the point of order, and uses its own fleet of delivery bicycles to complete orders around the city. Blinkit offers an app for Android and iOS platforms. Founded in 2013 by Columbia Business School alumni and IIT Bombay alumni, Blinkit has raised $24 million till date.

In another funding round event, FinTech startup, Scripbox, raised $21 million in a Series D funding round led by Accel, Transpose, Innoven Capital, Trifecta Capital and LetsVenture with participation from Sparkle Fund, KPB Family Trust, YY Capital Partners and others. Scripbox offers an online platform for investing in mutual funds. Scripbox uses algorithms and tools to invest in equity and debt funds, avail returns, automate SIPs, and customise plans for retirement and education, among others. Scripbox provides an app for iOS and Android platforms. Founded in 2012 by IIT Kharagpur alumni and IIT Delhi alumni, Bangalore-based Scripbox has raised $67 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 7 exits during the week of 23 Jan 2022.

Hyderabad-based Payswiff, a Payment Tech startup, was acquired by Cholamandalam Investment and Finance Company. Payswiff is a provider of POS and MPOS solutions for businesses to accept card payments. Payswiff offers merchants a POS device to accept contact and contactless card payments, as well as POS software to create and send payment links, accept payments, provide card-on-delivery and EMI options, and to email receipts. Payswiff also offers a mobile card reader, e-way bill software, and an Android and iOS app. Founded in 2013, Payswiff has raised $12 million till date from True Global Ventures, Yadu Corporation, Ramesh Chandra Majithia, and others.

In another acquisition event, Addverb, a Robotics startup, was acquired by Reliance Retail. Addverb is a provider of AI-enabled robotics and warehouse automation solutions. Addverb offers intra-logistics automation solutions for industries, and assists in managing warehouse operations like material handling, loading, unloading and object lifting. Founded in 2016 by LEAD School, Noida-based Addverb has raised $66 million till date from GAIL, Reliance Retail, Atul Kumar, and others.

The Label Life, a Mumbai-based Fashion Tech startup, was acquired by G.O.A.T Brand Labs. The Label Life is an internet-first brand of multi-category fashion products for women. The Label Life includes products like apparel, footwear, handbags, home furnishing products, accessories, and others. Founded in 2012, The Label Life has raised $5 million till date from Kalpavriksh Fund, Kalaari Capital, Utpal Sheth, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Dunzo, udaan, Zupee and more. In exits, we will cover the acquisition of Vidooly by Good Glamm.

Starting with our deep dive into funding rounds, tech companies in India raised around $712 million funding across 26 funding rounds during this week.

In a major funding round event, Bangalore-based transportation and logistics tech startup, Dunzo, raised $240 million in a Series E funding round led by Reliance Retail with participation from Lightrock, Lightbox, Alteria Capital, and others. Dunzo is a provider of multi-category home delivery services. Dunzo allows customers to book errand services, deliveries for groceries, pet supplies, food and gifts, as well as pickup and drop services through their web and app-based platforms. Dunzo uses its fleet of errand runners, and coordinates with local merchants or vendors to complete the requested tasks. Dunzo enables users to pay for the service either directly to the service provider or through the in-app feature. Dunzo offers a mobile app for iOS & Android devices. Founded in 2014 by IIT Roorkee alumni, Dunzo has raised $400 million till date.

E-commerce startup, udaan, raised $200 million in a Series E funding round. udaan achieved unicorn status when it raised $225 million in September 2018. udaan is an online B2B marketplace for multi-category products. udaan offers a network-centric B2B trading platform for small and medium-sized businesses, and includes products like electronics, clothing, fashion accessories, home furnishing products, medicines, and more. udaan offers a mobile application for Android and iOS devices. Founded in 2016, Bangalore-based udaan has raised $1 billion till date.

Zupee, a Gurgaon-based gaming startup, raised $72 million in a Series B funding round led by Napean Capital Group with participation from AJ Capital, Orios Venture Partners, WestCap, and others. Zupee is an online skill-based gaming platform. Zupee allows users to earn money through skill-based games such as Zupee Gold, Ludo Supreme, Gold Ludo Ninja, and more. Founded in 2018, Zupee has raised $121 million till date.

Bangalore-based Avataar, an Augmented Reality startup, raised $45 million in a Series B funding round led by Tiger Global Management with participation from Sequoia Capital. Avataar is a provider of a 3D-based AR/VR platform for personalised product visualisation. Avataar offers an AI platform that enables scalable product discovery and gives brands and stores the opportunity to change the way consumers discover and engage with their products online. Avataar caters to e-commerce, consumer electronics, auto OEMs, and FMCG applications. Founded in 2014 by Wharton School alumni and University of Pennsylvania alumni, Avataar has raised $55 million till date.

In another funding round, enterprise applications startup, Exotel, raised $40 million in a Series D funding round led by Steadview Capital. Exotel is a cloud-based telephony platform for businesses. Exotel offers services and products like IVR to connect callers with various departments. Exotel enables call recording for customer support training, real-time delivery status information and reduces the response time to inbound calls. Exotel allows clients to tap into the service API to integrate the platform with their own CRMs, databases and other applications to streamline communication. Founded in 2011 by BITS Pilani alumni, Bangalore-based Exotel has raised $97 million till date.

Delhi-based Rupifi, a fintech startup, raised $25 million in a Series A funding round led by Bessemer Venture Partners and Tiger Global Management with participation from Ankur Capital and Quona Capital. Rupifi is an online lending platform for business loans. Rupifi offers loans such as SME loans and working capital. Rupifi provides loans on the basis of credit scores and enables their repayment through the use of credit or debit cards and bank transfers. Rupifi provides loans to sectors such as FMCG, fashion and pharmaceutical industries. Founded in 2019 by IIT Kharagpur alumni, Rupifi has raised $30 million till date.

In another funding round event, Bombay Shaving Company, a Delhi-based e-commerce startup, raised $21 million in a Series C funding round led by Malabar Investments with participation from Patni Financial Advisors. Bombay Shaving Company is a private label brand offering grooming products for men. Bombay Shaving Company offers trimmers, shaving and bathing kits, beard care, hair care and skincare products. Bombay Shaving Company also provides personal hygiene products for women. Founded in 2015 by IIT Bombay alumni, Bombay Shaving Company has raised $43 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 2 exits during the week of 09 Jan 2022.

Marketing tech startup Vidooly was acquired by Good Glamm. Vidooly is a provider of marketing and analytics software for YouTube videos. Vidooly enables small, medium and large brands to market and optimise their YouTube videos. Vidooly offers products like VidooMail, which is an email marketing tool that allows content creators to email their YouTube video to subscribers, with features like analytics for campaign performance tracking. Vidooly uses a big data engine to analyse millions of video views each month. Vidooly also offers a chrome extension of its dashboard VidLog, in order to provide real-time optimisation reports, as well as an AI-enabled brand safety tool that examines content before positioning an advertisement. Founded in 2014, Noida-based Vidooly has raised $4 million till date from Zone Startups India, TLabs, Alibaba, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Zetwerk, Jupiter, and more. In exits, we will cover the acquisition of NOW by Borzo among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $411 million of funding across 13 funding rounds during this week.

Bangalore-based eCommerce startup, Zetwerk, raised $210 million in a Series F funding round led by Greenoaks, with participation from Iconiq Capital, Steadview Capital, IIFL Finance, and others. Zetwerk is an online B2B marketplace providing manufacturing services. Zetwerk provides services for sand casting, investment casting, fabrication, precision machining, forging sheet, metal fabrication, injection molding, surface heat treatment, metal injection, molding extrusion, and more. Zetwerk also offers onsite services. Founded in 2018, Zetwerk has raised $553 million till date.

FinTech startup, Jupiter, raised $87 million in a Series C funding round led by Tiger Global Management, QED Investors, and Sequoia Capital, with participation from Nubank, Mirae Asset, Beenext, and others. Jupiter is a digital bank for individuals. Jupiter provides services such as money transfers, cash withdrawal, savings account, NFC-enabled prepaid cards, and more. Jupiter offers a dashboard for monitoring transactions and viewing balances. Founded in 2019, Mumbai-based Jupiter has raised $163 million till date.

Pune-based FinTech startup, OneCard, raised $76 million in a Series C funding round led by QED Investors, with participation from Sequoia Capital, Matrix Partners India, and others. OneCard provides a credit card for consumers. OneCard offers a mobile app that allows users to control all aspects of credit cards including credit limit, instant rewards redemption, domestic or international use, online or offline transactions, contactless payments, and more. OneCard also provides a loyalty program to consumers by offering them reward points and allowing them to redeem on their next purchase. Founded in 2019 by IIM Bangalore alumni and IIT Delhi alumni, OneCard has raised $125 million till date.

Beauty tech startup, Mamaearth, raised $37 million in a Series F funding round led by Sequoia Capital, with participation from Evolvence, and Sofina. Mamaearth is an Internet-first brand offering organic beauty care products. Mamaearth's product catalog includes body lotions, hair shampoo, rash cream, body spray, body wash, massage oil, sunscreen lotion, men's grooming products, and more. Mamaearth claims the products offered by the company are natural & eco-friendly. Founded in 2016, Gurgaon-based Mamaearth has raised $111 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 02 Jan 2022.

Noida-based logistics tech startup, NOW, was acquired by Borzo. NOW is an on-demand delivery service provider for businesses. NOW had initially started out as Tap Tap Meals, an online food ordering and delivery platform, which pivoted to an on-demand bike taxi and currently provides local delivery for merchants. NOW's features include one-tap booking, transparent pricing, real-time tracking, quality assurance, and more. Founded in 2015, NOW has raised $1 million till date from Maple Capital Advisors, Vinay Goyal, and others.

Noida-based Ed-tech startup, Airlearn, was acquired by Teachmint. Airlearn is an AI-based platform providing live teaching and learning solutions. Airlearn provides live interactive classes, study material, user management, topic discussion solution, personalized assessment, and many more. Airlearn's platform enables teachers and students to make their live sessions interactive, engaging and achieve the learning outcome better than offline sessions. Airlearn was founded in 2020.

Mumbai-based energy tech startup, Visicon Power, was acquired by Ruttonsha International Rectifier. Visicon Power is a provider of power management ICs. Visicon Power designs and develops silicon carbide-based wide-bandgap power semiconductor systems. Visicon Power's product portfolio includes SiC diodes, MOSFETs, and power modules. Visicon Power's products can be used in electric vehicles, power transmission systems, renewable energy sectors, and data centers. Visicon Power was founded in 2020.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Cars24, OfBusiness, Zepto, and more. In exits, we will cover the acquisition of TheHouseMonk by Aurum House and the IPO by MapmyIndia among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $831 million funding across 33 funding rounds during this week.

Gurgaon-based FinTech startup, OfBusiness, raised $325 million in a Series G funding round led by Alpha Wave Incubation, Tiger Global Management, and SoftBank Vision Fund with participation from Marshall Wace, Creation Investments, Norwest Venture Partners, and more. OfBusiness is an online marketplace for procuring building materials and financing to SMEs. OfBusiness products include working capital financing, capital expenditure financing, and raw material purchase financing for steel, TMT, cement, polymers, and more. OfBusiness enables Business users to apply for loan and submit KYC and financial documents online. OfBusiness company reviews the documents and offers an unsecured credit limit. Founded in 2015, OfBusiness has raised $892 million till date.

Auto Tech startup, Cars24, raised $300 million in a Series G funding round led by Alpha Wave Incubation. Cars24 is an app-based C2B marketplace for second-hand cars. Cars24 enables Car owners or sellers to evaluate their vehicle, enter vehicle details to get estimated selling prices & schedule a physical inspection at a nearby available branch via their platform or app. Cars24's app puts the vehicle on a real-time auction allowing its partnered traders to bid on the vehicle. Founded in 2015, Gurgaon-based Cars24 became a unicorn in November 2020 and has raised $1 billion till date.

Mumbai-based online Grocery startup, Zepto, raised $100 million in a Series C funding round led by Y Combinator with participation from Breyer Capital, Contrary Capital, Nexus Venture Partners, and others. Zepto offers an on-demand delivery service app. Zepto's app allows users to order food, groceries, drinks, beauty & wellness products, home & household essentials, and more. Zepto's app is available on the Android & iOS platforms. Founded in 2021 by Stanford University alumni, Zepto has raised $161 million till date.

B2B E-Commerce and Online Grocery startup, Jumbotail, raised $85 million in a Series C funding round led by The Invus Group, Ajax Partners, and Artal Asia with participation from Nexus Venture Partners, and Kalaari Capital. Jumbotail is an online B2B marketplace and retail platform for food & grocery. Jumbotail is a platform for wholesale buyers or retailers to procure their groceries, fruits, & vegetables from producers or manufacturers. Jumbotail offers its own tech-driven supply chain and logistics to provide warehousing and fulfillment solutions to the sellers and storefront delivery to the customers. Jumbotail also provides payment solutions to customers and sellers via their fintech platform. Founded in 2015, Bangalore-based Jumbotail has raised $142 million till date.

Hyderabad-based online Grocery startup, Captain Fresh, raised $40 million in a Series B funding round led by Tiger Global Management, and Prosus with participation from Accel, Ankur Capital, Matrix Partners India, and others. Captain Fresh is an online B2B platform offering seafood products. Captain Fresh offers a platform for the wholesale trade of seafood with integrated shipping, payment protection, and quality assurance services. Captain Fresh uses deep tech technology for offering the fastest harvest-to-retail solution. Founded in 2019, Captain Fresh has raised $58 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 26 Dec 2021.

Bangalore-based rental property management tech startup, TheHouseMonk, was acquired by Aurum House for $5 million. TheHouseMonk is a provider of cloud-based property management platforms. TheHouseMonk offers solutions for real-estate developers, property managers, homeowners associations & landlords to manage their real-estate assets. TheHouseMonk's platform offers features such as accounts & finance management, facility maintenance, operations, security & gate management, communications, and more. TheHouseMonk was Founded in 2013.

Delhi-based beauty tech startup, Sirona, was acquired by Good Glamm for $15 million. Sirona is an Internet-first brand offering feminine products. Sirona's product catalog includes period care products, disposable toilet covers, wipes, reusable razors, intimate hygiene products, and more. Founded in 2015, Sirona has raised $16 million till date from Indian Angel Network Fund, South Yarra Holdings, Krishna Jha, and others.

Delhi-based Ed-tech startup, Prepleaf, was acquired by Masai School for $1 million. Prepleaf is a mentor-driven end-to-end placement preparation platform. Prepleaf offers guides and assists students in getting a job. Prepleaf has enabled students to prepare for jobs in Analytics, Finance, Consulting, and Data Science roles. Prepleaf offers courses on data analytics, aptitude, finance, trading, and many more. Prepleaf was founded in 2017.

Delhi-based Enterprise Application startup, MapmyIndia went public. MapmyIndia's IPO pegs the valuation of the company at nearly $255 million. MapmyIndia is a provider of, GPS-based navigation products, mobile applications, digital map data, navigation, tracking, LBS products, GPS products, and GIS-based systems integration services. MapmyIndia also offers marketing tools for retailers and shipping solutions for e-tailers. MapmyIndia was founded in 1995 and has raised over $44 million across several funding rounds. MapmyIndia's major investors who backed the company in its early stages include enterprises like Shatrunjay Credit Services, Lightbox, Kleiner Perkins, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of ShareChat, Innovaccer, Ninjacart, Uni Cards, and more. In exits, we will cover the acquisition of MyLoanCare by PB Fintech among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $820 million of funding across 40 funding rounds during this week.

Bangalore-based Media & Entertainment startup, ShareChat, raised $266 million in a Series G funding round led by Alkeon Capital Management with participation from Temasek, Moore Capital Management, HarbourVest Partners, and others. ShareChat is a vernacular-based social networking platform for sharing photos and videos. ShareChat enables users to share content in various languages, follow local celebrities, and expand their network. ShareChat enables users to interact with content related to news, daily horoscopes, poetry, government job notifications, politics, microgames, and more. ShareChat offers a shake-and-chat feature to connect users engaging with content from similar genres, private messaging, and open tagging. ShareChat also offers a video platform for artists and creators to create short video content. Founded in 2015 by IIT Kanpur alumni, ShareChat became a unicorn in April 2021 and has raised $1 billion till date.

HealthTech startup, Innovaccer, raised $150 million in a Series E funding round led by B Capital Group, Schonfeld, Whale Rock Capital Management with participation from Dragoneer Investment Group, Steadview Capital, and others. Innovaccer is a Cloud and AI-based telehealth solution for health care providers and employees. Innovaccer's product is used in healthcare centers for population health management, AI-based patient engagement, decision support, and more. Innovaccer has developed a data activation platform to collect, analyze, and provide insights on patient health. Innovaccer provides multiple solutions like virtual care networks, remote patient monitoring, SDOH management, surgery optimization, CRM, referral management, and more. Founded in 2014, Noida-based Innovaccer has raised $378 million till date.

Bangalore-based B2B E-Commerce startup, Ninjacart, raised $145 million in a Series D funding round led by Walmart with participation from Accel, Mistletoe, Neoplux, and more. Ninjacart is an app-based B2B platform offering a supply chain and trading platform for vegetables and fruits. Ninjacart enables retailers and restaurants to place their orders through the app after which the products will be delivered to them by the logistics team. Ninjacart claims to deliver its products within twelve hours. Founded in 2015 by IIM Ahmedabad alumni, Ninjacart has raised $367 million till date.

Gurgaon-based Telecom company, Himachal Futuristic Communications, raised $79 million in Public funding round from Reliance industries, Elara Capital, Discovery Communications, and others. Himachal Futuristic Communications manufactures telecom equipment, optical fiber cables, and telecom network power systems. Himachal Futuristic Communications optical fiber cables include aerial, armored, FTTx, micro, and unarmoured cables. Himachal Futuristic Communications offers telecom equipment such as microwave Radios and GPON along with telecom power, battery management, and solar systems. Himachal Futuristic Communications was Founded in 1987. 

FinTech startup, Uni Cards, raised $70 million in a Series A funding round led by General Catalyst Partners with participation from Accel, Lightspeed, Eight Roads Ventures, and others. Uni Cards offers a general-purpose credit card with 1/3 pay feature. Uni Cards credit card is backed by Visa which allows users to pay in 3 parts for no extra charges. Uni Cards gives the option of converting transactions to EMIs and rewards in the form of cashback if users choose to pay in full. Uni Cards also offers an app-based platform to manage payments and usage of the card. Founded in 2020, Bangalore-based Uni Cards has raised $89 million till date.

Bangalore-based FinTech startup, JusPay, raised $60 million in a Series C funding round led by SoftBank Vision Fund with participation from Wellington Management and VEF. JusPay is a payment gateway solution for eCommerce merchants. JusPay supports both desktop and mobile-based payment transactions. The credit/debit card details are stored in Juspay's server. JusPay enables customers to make online payments using mobile browsers or web browsers. JusPay also provides an OTP to customers for user authentication and fraud management. Founded in 2012 by an ex-Amazon employee, JusPay has raised $87 million till date.

Enterprise Applications startup, Hevo, raised $30 million in a Series B funding round led by Sequoia Capital with participation from Chiratae Ventures, Qualgro, and Lachy Groom. Hevo is a cloud-based automated data pipeline preparation solution. Hevo connects to the source and uses the transformation code to transfer data to the warehouse. Hevo's features include automated detection, scheme changes, real-time alerts & notifications on the data pipeline, data management, joining tables, writing queries, and more. Founded in 2016 by IIT Roorkee alumni, Bangalore-based Hevo has raised $43 million till date.

Energy Tech startup, Atomberg, raised $20 million in a Series C funding round led by Jungle Ventures with participation from Inflexor, A91 Partners, and Ramakant Sharma. Atomberg specializes in developing and manufacturing smart ceiling fans. Atomberg's products include Gorilla Efficio plus, Gorilla Renesa plus, Gorilla Studio fan, Renesa Smart plus, and more. Atomberg's fans are equipped with a BLDC motor and have features such as smart remote control, sleep mode, voice control, boost mode, and more. Founded in 2012 by IIT Bombay alumni, Mumbai-based Atomberg has raised $45 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 19 Dec 2021.

Gurgaon-based FinTech startup, MyLoanCare, was acquired by PB Fintech for $5 million. MyLoanCare is an App-based comparison platform for financial products. MyLoanCare provides comparisons for multiple loans products including home loans, business loans, personal loans, professional loans, asset-backed loans, and more. MyLoanCare also provides comparisons for credit cards, deposit accounts, gold rates, and more. Founded in 2013 MyLoanCare has raised $1 million till date from Ncubate Capital Partners, PB Fintech, and others.

Gurgaon-based beauty tech startup, Faces Canada, was acquired by Purplle. Faces Canada is an Internet-first brand offering multi-category beauty products. Faces Canada offers beauty products for lips, eyes, face, skin, and nails. Faces Canada also offers accessories such as brushes, fillers, and more. Founded in 2009, Faces Canada has raised $1 million till date from Alteria Capital, Brand Capital, and others.

Mumbai-based internet first media startup, MissMalini, was acquired by MyGlamm for $10 million. MissMalini is an online platform offering lifestyle & entertainment content. MissMalini provides Bollywood news, gossip, fashion trends, and lifestyle entertainment news on a global scale. MissMalini's founder has also started a TV Show 'MissMalini's World', a reality entertainment show that covers movie premieres, celebrity interviews, fashion weeks. MissMalini also launched a limited edition DIY Charms bracelet under the name 'MissMalini Loves Pipa plus Bella'. Founded in 2008, MissMalini has raised $3 million till date from Orios Venture Partners, New Enterprise Associates, and others.

Gurgaon-based online travel startup, YoloBus, was acquired by EaseMyTrip. YoloBus is an online platform for travelers that provides intercity bus services. YoloBus platform enables Travelers to select their route, choose pickup or destination, enter travel date & make bookings via the app or website by making an online payment. Founded in 2019, YoloBus has raised $4 million till date from Rebright Partners, Nexus Venture Partners, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of TSLC, Ola, OlaElectric, Delhivery, PocketFm, and more. In exits, we will cover the acquisition of AZAH by Powerhouse91 among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $748 million of funding across 39 funding rounds during this week.

FinTech startup, TSLC, raised $200 million in a Series B funding round led by JPIN and Rothschild & Co. TSLC is an AI-driven platform providing digital banking services for underserved individuals. TSLC services include savings wallets, physical and virtual credit cards for online or offline purchases, bill payments, money transfers, and more. TSLC leverages machine learning technology for predicting customer behavior. TSLC features include personal loans, point of sale financing, insurance, and more. Founded in 2019, Mumbai-based TSLC has raised $225 million till date.

Bangalore-based Auto Tech startup, Ola, raised $139 million in a Series J funding round led by Hero Corp, IIFL Finance, and Edelweiss. Ola is an app-based ride-hailing aggregator. Ola's users can book their ride by providing location, passenger details, and find various rides including cars, auto-rickshaws, two-wheelers, and more. Ola offers features like real-time tracking, variant payment options, in-app payments, membership services, pay later options, and more. Ola's users are also allowed to book outstation rides, local rides, self-drive car rentals, corporate rides, and more. Founded in 2010 by IIT Bombay alumni, Ola has raised $4 billion till date.

Auto Tech startup, Ola Electric, raised $139 million in a Series C funding round led by Temasek with participation from IIFL Asset Management, Vss Investco Pvt Ltd, Edelweiss, Farhan Akhtar, and others. Ola Electric is a developer of electric scooters. Ola Electric develops electric scooters with the help of AI-enabled robots that claim to offer sustainable and eco-friendly rides to users. Ola Electric claims to provide vehicle leasing solutions to users. Founded in 2017, Bangalore-based Ola Electric has raised $665 million till date.

Transportation and Logistics Tech startup, Delhivery, raised $98 million in a Series I funding round led by FedEx. Delhivery is a provider of end-to-end delivery services for e-commerce companies. Delhivery offers fullfillment services that include last-mile delivery service, third-party and transit warehousing, reverse logistics, payment collection, vendor-to-warehouse, vendor-to-customer shipping, cross-border services, and more. Delhivery also provides a tracking solution for all shipments. Founded in 2011, Delhi-based Delhivery has raised $1 billion till date and became a unicorn in the year 2019.

Online travel startup, RateGain, raised $79 million in a Series B funding round led by Gov.sg, Nomura, Ashoka India Equity Investment, and Goldman Sachs. RateGain is a provider of cloud-driven management solutions for the hospitality & travel industry. RateGain offers products such as pricing intelligence, rate parity, revenue maximization, distribution, guest experience on a cloud platform, and more. RateGain also provides revenue management, distribution system, marketing, hospitality management, social media management, and data analytics solutions. Founded in 2004, Noida-based RateGain has raised $144 million till date.

Crop Tech startup, Agrostar, raised $70 million in a Series D funding round led by Schroders, Hero Corp, CDC Group, and Evolvence India with participation from Accel, Rabo Frontier Ventures, and others. Agrostar is an online platform offering agri-inputs, content, and advice. Agrostar claims to offer products like seeds, fertilizers, tractors, pumps, pesticides, and more. Agrostar platform offers expert advice, agricultural data, agronomy knowledge, and weather forecast solutions for farmers. Founded in 2008, Pune-based Agrostar has raised $117 million till date.

Media & Entertainment startup, Pocket FM, raised $22 million in a Series B funding round led by Lightspeed Venture Partners, with participation from The Times Group and Tanglin Venture Partners. Pocket FM is a SaaS-based online audio platform offering audiobooks and podcasts in multiple languages. Pocket FM enables users to register and search for audiobooks and music by applying an artist filter. Pocket FM offers Indian radio shows and audiobooks in multiple languages such as Hindi, Tamil, and Bengali. Pocket FM's mobile app is available for Android devices. Founded in 2013 by IIT Kharagpur alumni, Gurgaon-based Pocket FM has raised $29 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 12 Dec 2021.

Gurgaon-based beauty tech startup, Azah, was acquired by Powerhouse91. Azah is an internet-first brand of personal hygiene products. Azah offers sanitary pads for women. Azah claims that the products are made of organic cotton and are ISO 9001 certified and FDA approved. Azah provides free shipping. Azah was founded in 2018.

Bangalore-based marketing tech startup, 3MDigital, was acquired by BICS. 3MDigital offers solutions to enable text and call-based marketing campaigns. 3MDigital's offering includes Mobtexting, a bulk messaging platform targeted at marketing and customer support needs, and DND Check, to enable telemarketing campaigns. 3MDigital also offers digital marketing services and technology development in the relevant areas. 3MDigital was founded in 2012.

Mumbai-based Edtech startup, Talentedge, was acquired by upGrad. Talentedge is an online platform that provides online digital courses on various topics. Talentedge courses are prepared by educational institutions and organizations. Talentedge course catalog includes courses on management, finance, sales, marketing, analytics, HR, entrepreneurship, and more. Talentedge features include online face-to-face learning, interactive learning, and more. Talentedge also provides personalized career advancement services. Talentedge was founded in 2012.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Slice, Bugworks Research, and more. In exits, we will cover the acquisition of Happay by CRED among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $264 million of funding across 20 funding rounds during this week.

FinTech startup, Slice, raised $220 million in a Series B funding round led by Tiger Global Management and Insight Partners, with participation from Sunley House Capital Management, Moore Venture Partners, Blume Ventures, and others. Slice is a provider of credit cards for consumers. Slice offers credit cards for bill payments, cash withdrawals, online or offline purchases, and app-based virtual credit card for online transactions. Slice enables users to avail cash loans and make repayments in installments. Founded in 2016, Bangalore-based Slice has raised $281 million till date.

Bangalore-based Life Science startup, Bugworks Research, raised $16 million in a Series B funding round. Bugworks Research is a developer of drugs for antibiotic-resistant bacterial infections. Bugworks Research offers, ELUDE, an efflux avoidance platform. Bugworks Research's lead compound is being developed as an intravenous and oral treatment for multi-drug resistant infections. ELUDE  inhibits two essential targets in the replication machinery and has been designed to by-pass efflux resistance mechanism of the bacteria. Founded in 2014, Bugworks Research has raised $34 million till date.

EdTech startup, 21K School, raised $5 million in a Seed funding round from Ronnie Screwvala. 21K School operates K-12 school. 21K School provides solutions for computational thinking, languages, summer school program, and skill-based programs. 21K School also provides courses for blockchain, data science, cloud computing, cyber security, and others. Founded in 2020 by IIT Delhi alumni, bangalore-based 21K School has raised $5 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 05 Dec 2021.

Bangalore-based FinTech startup, Happay, was acquired by CRED for $180 million. Happay provides expense management software and corporate card for businesses. Happay offers solutions for tracking fleet operations, approving invoices, tracking payments, account payables automation, cash flow management, expenditure tracking, and more. Happay also offers prepaid cards, virtual credit cards and provides a travel booking platform for employees. Founded in 2012, Happay has raised $22 million till date from Times Internet, Prime Venture Partners, Sequoia Capital, and others.

Bangalore-based enteprise application startup, Algopixel Technologies, was acquired by AUS. Algopixel Technologies is a provider of mapping software solutions for the drone industry. Algopixel Technologies offers, WebODM, an open-source drone mapping software. Algopixel Technologies also offers iDronePort Management Server, which is a Flight Module Management Server for drone manufacturers to register their drones. 

FinTech startup, Telr, was acquired by Cashfree for $15 million. Telr is a payment gateway API and online shopping store. Telr provides a set of APIs which can be integrated into merchant's website to start accepting web and mobile based payments. Telr also provides a platform for building online and mobile stores. Telr offers solutions such as hosted gateway, recurring billing, fraud protection, merchant cash advance, data analytics, and insights. Founded in 2013, Mumbai-based Telr has raised $3 million till date from Hatcher, iMENA Group, and more.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Spinny, NoBroker, GreytHR, and more. In exits, we will cover the acquisition of uTrade by Share India among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $586 million of funding across 25 funding rounds during this week.

Delhi-based auto-ecommerce startup, Spinny, raised $280 million in a Series E funding round led by Tiger Global Management and ADFD, with participation from Arena Holdings and Avenir Growth Capital. With this funding round, Spinny became the 39th Indian startup to join the coveted Unicorn Club in 2021. Some of the other startups that have joined the club in the last three months are PharmEasy, NoBroker, and CRED. Spinny is an online outright buyer of used cars. Spinny's platform enables sellers to list their cars, schedule inspections & get an offer for their car. Spinny's platform also enables buyers to browse through the online inventory, select a car of their choice, and schedule a test drive. Founded in 2015 by IIT Delhi alumni, Spinny has raised around $516 million till date.  

Bangalore-based real estate tech startup, NoBroker, raised $210 million in a Series E funding round led by General Atlantic, with participation from Moore Venture Partners, and Tiger Global Management. With this funding round, NoBroker became the 40th Indian startup to join the coveted Unicorn Club in 2021. NoBroker is an online P2P listing platform for residential and commercial properties. NoBroker's platform enables users to search for properties by applying the location filter and property owners can list their properties by providing necessary information online. Founded in 2014 by IIT Bombay and IIM Ahmedabad alumni, NoBroker has raised around $363 million till date.  

Food Tech startup, Biryani By Kilo, raised $35 million in a Series B funding round led by Falcon Edge Capital, with participation from SBI and IvyCap Ventures. Biryani By Kilo is an internet-first restaurant offering biryani and Indian cuisine. Biryani By Kilo offers various biryani consisting of chicken, mutton, and freshly cut vegetables. Biryani By Kilo's platform enables users to order online on the website and get it delivered. Biryani By Kilo offers regional biryani from Kolkata, Hyderabad, and more. Founded in 2015, Gurgaon-based Biryani By Kilo has raised $44.3 million till date.

Enterprise Applications startup, GreytHR, raised $30 million in a Series D funding round led by Info Edge. GreytHR is a HR & payroll software provider. GreytHR offers a cloud-based platform for HR department professionals to manage activities such as employee engagement, payrolls, attendance, leave monitoring, documents, expense claiming, events, and reporting. GreytHR's solutions are also offered as a SaaS as well as stand-alone packages. Founded in 1994, Bangalore-based GreytHR has raised $41.8 million till date.  

Mumbai-based FinTech startup, Upstox, raised $25 million in a Series C funding round led by Tiger Global Management. Upstox is an app-based trading platform for stocks. Upstox allows users to buy, sell, trade stocks, commodities, securities, and mutual funds at discounted prices. Upstox offers online trading software, brokerage calculators, options strategy builder, order generator, and more. Upstox applications can be accessed over the web, iOS, and Android mobile devices. Founded in 2011, Upstox has raised $54 million till date.

Enterprise sales automation startup, Salesken, raised $22 million in a Series B funding round led by M12, with participation from Sequoia Capital. Salesken is an AI-based sales conversation analytics platform. Salesken's solution helps to get insights into customer-salesperson interactions and give play-by-play visibility to the sales representatives’ performance on calls, webinars, and presentations. Salesken offers features such as feedback automation, simulated assessments, chatbot-assisted coaching, AI-based signal analysis, competency reports, and more. Salesken's product is available on a subscription basis. Founded in 2018 by IIM Ahmedabad alumni, Bangalore-based Salesken has raised $30 million till date.

Bangalore-based AutoTech startup, Simple Energy, raised $21 million in a Seed funding round led by Sattva Group, and Athiya Developers. Simple Energy is a developer of electric scooters. Simple Energy company's electric scooters offer features like battery management systems, IoT-enabled solutions, embedded electricals, variant color options, and more. Founded in 2019, Simple Energy has raised $29.8 million till date.

Industrial automation startup, Haber, raised $20 million in a Series B funding round led by Ascent Capital, with participation from Accel, Beenext, Elevation, and more. Haber is an IoT-enabled industrial automation platform. Haber's product, eLIXA, is an AI and cloud-based automation platform offering water, utility, and process solutions for packaging, institutional, food and beverage industries. Haber's platform transforms unstructured data into actionable intelligence by spotting trends and relationships between critical parameters. Haber's platform collects this data through sensors put up across the plant and can monitor mechanical, chemical, and operational parameters. Founded in 2015, Pune-based Haber has raised $27 million till date.  

This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 28 Nov 2021.

Chandigarh-based FinTech startup, uTrade, was acquired by Share India. uTrade is an open-source multi-asset trading platform and blockchain-based settlement solution. uTrade offers solutions for providing various products including multi-asset trading platforms, algorithms, and analytics. uTrade's platform enables investors to analyze the latest and historical market and social media information to make smart trading decisions. uTrade's product, uClear, is a blockchain-driven solution that will enable real-time clearing and settlement of contracts across the cash and derivatives segments of the financial markets. Founded in 2011, uTrade has raised $0.9 million till date from Axis Capital Partners, FinTech Innovation Lab, James Dawson, and others.

Bangalore-based EdTech startup, Jigsaw Academy, was acquired by UNext Learning. Jigsaw Academy is an online digital academy providing training and education in the field of data science and big data analytics. Jigsaw Academy offers courses on general subjects as well as more specialized areas like Churn Analytics, Risk Analytics, and customized content as per corporate requirements. Jigsaw Academy operates on an enrollment basis and the students are offered data scientist certification. Additionally, Jigsaw Academy also offers analytic training workshops for corporates and MBA institutes. Founded in 2011, Jigsaw Academy has raised $3 million till date from Manipal Global, Vistra ITCL, Excubator, and others.

HeathcareIT company mChemist was acquired by Akos. mChemist is an online pharmacy providing health products such as supplements, ayurvedic medicines, and prescription medicines. mChemist platform allows users to order medicines after signing up to the website and uploading a valid prescription from whatsapp to the website. mChemist offers its mobile app for Android devices. Founded in 2014, Delhi-based mChemist has raised $0.2 million till date from Gagan Sharma, Ravi Kumar, Arun Arora, and others.  

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Route Mobile, Purplle, Velocity, and more. In exits, we will cover the acquisition of Immrse by Mindler and the IPO by Paytm among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $250 million of funding across 22 funding rounds during this week.

Enterprise communication tech startup, Route Mobile, raised $116.7 million in a Post IPO funding round led by HSBC Group, Societe Generale, and PineBridge Investments. Route Mobile is a cloud-based software for unified communication and Voice Over IP software providers. Route Mobile offers technology solutions and services to mobile network operators, enterprises, over-the-top content, SMS aggregators, and resellers. Route Mobile offers Communication Platform as a Service solutions. Route Mobile's portfolio consists of solutions in messaging, voice, email, SMS filtering, analytics, and monetization. Founded in 2004, Mumbai-based Route Mobile has raised around $140 million till date.

Mumbai-based E-Commerce startup, Purplle, raised $60 million in a Series E funding round led by Premji Invest. Purplle is an online platform offering multi-category beauty products. Purplle's offerings include skincare, fragrances, body care, hair care, beauty appliances, and more. Founded in 2011 by IIT Delhi and IIT Kharagpur alumni, Purplle has raised around $225 million till date.

Bangalore-based Fintech startup, Velocity, raised $20 million in a Series A funding round led by Valar Ventures with participation from Presight Capital, iSeed, Maninder Gulati, and others. Velocity provides revenue-based financing for online businesses and growth capital for sales & marketing expenditures. Velocity also provides financing in return for an agreed percentage of revenue. Velocity offers financing to businesses such as online gaming, SaaS providers, mobile apps providers, and more. Founded in 2011 by IIT Bombay alumni, Velocity has raised around $30 million till date. 

This was all from the funding updates, moving on to the exits. India Tech observed 5 exits during the week of 21st Nov 2021.

Mumbai-based HR Tech startup, Immrse, was acquired by Mindler. Immrse is a career guidance solution provider. Immrse offers a Virtual Internship Programme that allows experiencing a variety of jobs through an expert report stating which profession suits the candidate. Immrse software offers features such as online access, content engagement, professional guidance, industry experts, practical experience, and more. Immrse was founded in the year 2017.

Mumbai-based fashion tech startup, Frangipani, was acquired by G.O.A.T Brand Labs. Frangipani is an Internet first brand offering casual wear for kids. Frangipani's product catalog includes ethnic wear, loungewear, dresses, trousers, tops, skirts, and more. Frangipani also offers blankets, quilts, vanity cases, and more. Frangipani was founded in 2012.

Bangalore-based Enterprise Application startup, MayaData, was acquired by DataCore. MayaData is a container automation and monitoring platform provider. MayaData offers a platform that combines open-source container attached storage, OpenEBS, with two complementary software solutions, Litmus and MayaOnline. MayaData's product, MayaOnline, provides visibility and controls for the operation of OpenEBS based workloads and provides a graphical view for addressing common challenges in the management workloads. MayaData's other product, Litmus, is an open-source project for chaos engineering. Founded in 2011, MayaData has raised $30 million to date from Kae Capital, DataCore, Nexus Venture Partners, and more.

Noida-based Fintech startup Paytm went public. Paytm's IPO pegs the valuation of the company at nearly $15 billion. Paytm offers an app-based wallet for consumer payments. Paytm provides a web-based and mobile-based platform for mobile recharge, money transfer, bill payments, travel bookings, gold purchase, donations, and more. Paytm also offers Paytm Mall for online shopping of mobile, clothes, groceries, accessories, electronics, and more. Paytm was founded in 2010 and has raised over $4.6 billion across several funding rounds. Paytm's major investors who backed the company in its early stages include Elevation Capital, Silicon Valley Bank, Peeyush Kumar Aggarwal, Mark Schwartz, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of ShipRocket, Zoomcar, GoBOLT, and more. In exits, we will cover the acquisition of PatchUS by CleverTap.

Starting with our deep dive into funding rounds, tech companies in India raised around $648 million of funding across 30 funding rounds during this week.

In a major funding round event, Transportation and Logistics Tech startup, ShipRocket, raised $185 million in a Series E funding round led by PayPal with participation from March Capital, Tribe Capital, Info Edge Ventures, and others. Shiprocket is a provider of AI & web-based automated shipping management tools for e-commerce. Shiprocket's platform uses a machine-learning-based data engine that recommends courier service for businesses and chooses a courier company, prints shipping labels, and tracks orders from a single panel. Shiprocket's additional features include order management, shipping rate calculator, order tracking, and more. Shiprocket can also be integrated with e-stores like OpenCart and Amazon. Founded in 2012, Delhi-based ShipRocket has raised $287.4 million till date.

Bangalore-based Auto Tech startup, Zoomcar, raised $92 million in a Series E funding round led by SternAegis Ventures. Zoomcar is an app-based self-driving car rental platform. Zoomcar users can book available cars on the platform by uploading their driving license and can access the car keys. Zoomcar users can make short or long trips and at the end of the ride, users have to leave the vehicle at the designated location or parking space. Zoomcar offers features such as insured rides, road assistance, fuel charges, and more. Founded in 2012 by Harvard University and University of Pennsylvania alumni, Zoomcar has raised $254.3 million till date.

Logistics Tech startup, GoBOLT, raised $75 million in a Series C funding round led by Yaletown with participation from Bank of Montreal, IKEA, Intact Ventures, and others. GoBOLT is an online marketplace connecting shippers with freight transporters. GoBOLT has developed a fleet management solution for trucks and offers features such as real-time fleet tracking and alerts that enable clients to gain insights into fleet operations. GoBOLT also offers intra-city shipping services and end-to-end shipping solutions. Founded in 2015, Gurgaon-based GoBOLT has raised $103.4 million till date.

Gurgaon-based E-Commerce startup, Magicpin, raised $60 million in a Series D funding round led by Zomato with participation from Lightspeed Venture Partners. Magicpin offers an online platform offering cashback and coupons. Magicpin offers discounts across categories like restaurants, movies, beauty, hotels, health, education, and more. Magicpin enables customers to discover the local stores and earn rewards for visiting the store. Magicpin has partner stores such as Dominos, Oyo, Spencers, and more. Founded in 2015 by IIM Bangalore and BITS Pilani alumni, Magicpin has raised $102.2 million till date.

Bangalore-based Fitness and Wellness Tech startup, Cult.fit, raised $50 million in a Series D funding round led by Zomato. With this funding round, Cult.fit became the 36th Indian startup to join the coveted Unicorn Club in 2021. Cult.fit is a provider of digital and offline fitness solutions. Cult.fit's offerings include fitness, nutrition, mental well-being, yoga, and meditation. Cult.fit also offers medical and lifestyle care services. Founded in 2016, Cult.fit has raised $526 million till date.

Fintech startup, Vayana Network, raised $38.1 million in a Series C funding round led by Marshall Wace with participation from Chiratae Ventures, CDC Group, March Capital, and others. Vayana Network is a provider of a trade financing platform. Vayana Network offers an online lending platform designed to provide working capital finance for small and medium enterprises. Vayana Network's platform connects corporates and their supply chain to financial institutions for quick and low-cost access to trade financing. Vayana Network's financing partners include Axis Bank, DBS Bank, Tata Capital among others. Vayana Network also provides access to GST network and GST filing services. Founded in 2009 by IIM Ahmedabad alumni, Pune-based Vayana Network has raised $45.4 million till date.

Bangalore-based Home Improvement startup, WakeFit, raised $26.9 million in a Series C funding round led by SIG with participation from Sequoia Capital and Verlinvest. WakeFit is an internet first brand offering mattresses. WakeFit offering includes orthopedic memory foam mattresses, mattress protectors, bed sheets, cushions, and more. WakeFit also offers furniture such as racks, bookshelves, shoe racks, tables, and more. Founded in 2014 by IIT Roorkee alumni, WakeFit has raised $61.1 million till date.

Another Bangalore-based Transportation and Logistics Tech startup, RoaDo, raised $25 million in a Series B funding round from Capital A. RoaDo is a fleet management solutions provider. RoaDo offers a mobile and web-based platform that enables users to automate and manage transport operations. RoaDo offers features such as real-time location tracking, fleet maintenance management, fuel monitoring & management, document management, driver management, and more. RoaDo platform also enables users to collaborate with other transport & logistics stakeholders on the platform to enhance their business opportunities. Founded in 2017, RoaDo has raised $25 million till date.

Healthtech startup, Mosaic Wellness, raised $24 million in a Series A funding round led by Sequoia Capital with participation from Matrix Partners India and Elevation Capital. Mosaic Wellness is an online telepharmacy platform for the purchase of mens' products. Mosaic Wellness platform offers multi-category beauty care products and consultation services. Mosaic Wellness provides cruelty-free and natural products unders the brand names of Man Matters and Bodywise. Founded in 2019 by IIM Ahmedabad alumni, Mumbai-based Mosaic Wellness has raised $41.2 million till date.
 

This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 14th Nov 2021.

Noida-based Enterprise Application startup, PatchUS, was acquired by CleverTap. PatchUS is a cloud-based Voice over Internet Protocol software provider. PatchUS offers features such as automated meeting scheduling, portable conference system, conference calling, in-call messaging, and share attachments. PatchUS app is available for Android and iOS devices. Founded in 2017, PatchUS has raised $0.2 million till date from JioGenNext, Blume Ventures, Vikas Taneja, and others.

Mumbai-based Enterprise Application startup, Cogno AI, was acquired by Exotel. Cogno AI is a cloud-based lead nurturing conversational bot solutions provider. Cogno AI offers a 360º Product Suite with features such as live chat, chat bot, browser, and help desk. Cogno AI also offers integrations with existing systems for providing better customer experiences. 

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

 

In this edition, we will cover funding rounds of Vakilsearch, Dogsee Chew, and more. In exits, we will cover the acquisition of Swiflearn by Unacademy and the IPO by Nykaa among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $22 million of funding across 12 funding rounds during this week.

Chennai-based Legal Tech startup, Vakilsearch raised $10 million in a Series B funding round led by Incorp Advisory. Vakilsearch offers an online platform to search and book professional legal services. Vakilsearch provides documentation services, intellectual property registrations, copyright and trademark filing, tax filing, and accounts related services in India. Vakilsearch also provides services such as rental agreements, non-disclosure agreements, incorporation of companies, and more. Founded in 2010, Vakilsearch has raised $22 million till date.

Bangalore-based Pet Tech startup, Dogsee Chew raised $7 million in a Seed funding round led by Sixth Sense Ventures. DogSee Chew offers packaged dog food in the form of hard bars, puff treats, and seasoning powder. DogSee Chew products are made from Hardened Yak Milk Cheese, sourced from the Himalayan range, mainly from Nepal and Darjeeling. Dogsee Chew sells its products online through its website and has also partnered with multiple pet shops for retailing. Founded in 2015, Dogsee Chew has raised $7.4 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 7 exits during the week of 7th Nov 2021.

Gurgaon-based Edtech startup, Swiflearn was acquired by Unacademy. Swiflearn is an online platform that provides live tutoring solutions for K-12 students. Swiflearn offers classes in small batches of students and offers crash courses for math & science for the year-end exams. Swiflearn provides study material such as revision notes, NCERT solutions, English grammar, and many more. Founded in 2019, Swiflearn has raised $4.7 million till date from Venture Highway, Groundupp Ventures, Alteria Capital, and others.

Kolkata-based Home Improvement startup, Absorbia was acquired by Global Bees. Absorbia is a private label brand of moisture absorbing products for personal uses. Absorbia products can be used to soak up excess moisture from the surroundings and prevent mold & fungus, smells, and allergens at home. Absorbia provides 4 kinds of products for different uses at home and can be used in closets, bags, washrooms, kitchen, and more. Absorbia products can be purchased directly from the platform and are also available on Amazon.

Pune-based Regtech startup, Avantis was acquired by TeamLease. Avantis provides a cloud-based statutory compliance solution. Avantis offers features such as role-based user dashboard, responsibilities segregation, audit history, internal compliance management, and more. Avantis also offers automatic email notifications, document management, and compliance tasks management.  

In a major development this week Nykaa, a Mumbai based E-Commerce startup went public. The IPO pegs the valuation of the company at nearly $2.46 billion. Nykaa was founded in 2012 and has raised over $127.1 million across several funding rounds. Major investors who backed the company in its early stages include enterprises like JM Financial, Steadview Capital, TVS Capital Funds, and others.  

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of Acko, Groww, DeHaat, and more. In exits, we will cover the acquisition of Shuttl by Chalo among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $1.1 billion of funding across 44 funding rounds during this week.

In a major funding round Mumbai-based Insurtech startup, Acko raised $255 million in a Series D funding round and joined the Unicorn club at the valuation of $1.1 billion. The funding round was led by General Atlantic and Multiples Equity with participation from Intact Ventures, Munich Rupee, CPP Investments, and others. Acko offers an app-based insurance platform for individuals. Acko offers quotes for car insurance, bike insurance, health insurance, group medical insurance, and more. Acko features cashless claims processing with doorstep pickup & delivery services. Acko app is available for iOS and Android devices. Founded in 2016, Acko has raised $484 million till date.

In a major funding round event, Bangalore-based Fintech startup, Groww raised $251 million in a Series E funding round led by ICONIQ Growth with participation from Ribbit Capital, Sequoia Capital, Lone Pine Capital, and others. Groww is an app-based platform focused on capital market assets. Groww allows users to invest in FDs, stocks, future & options, gold, mutual funds and develop savings portfolios. Groww offers tools to withdraw funds and access details of investment through app-based platforms. Groww application can be accessed on iOS and Android devices. Founded in 2017, Groww has raised $393.8 million till date.
 

In another major funding round event, Patna-based Crop Tech startup, DeHaat raised $115 million in a Series D funding round led by Lightrock and Sofina with participation from FMO, RTP Ventures, Sequoia Capital, and others. DeHaat is a provider of end-to-end farming services to farming communities. DeHaat's services include crop consultation, crop reminder, local voice calls, and more. DeHaat also offers services to micro-entrepreneurs such as market linkages, technical advisory, AI-based analysis, and forecasting. DeHaat has developed mobile applications named Dehaat business and Dehaat Kisan available for Android users. Founded in 2019 by IIT Delhi and IIT Kharagpur alumni, DeHaat has raised $162 million till date.
 

Bangalore-based Logistics Tech startup, Porter raised $99.9 million in a Series E funding round led by Tiger Global Management and Vitruvian Partners with participation from Lightrock and Sequoia Capital. Porter is an app-based platform providing trucking services. Porter users can select the pick-up and drop-off locations, truck type and confirm their booking and also track the delivery status of their goods. Porter's fleet of contractual vehicles also manages bulk bookings from enterprises. Founded in 2014 by IIT Kanpur and IIT Kharagpur alumni, Porter has raised $141.3 million till date.
 

Another Bangalore-based Edtech startup, Teachmint raised $78 million in a Series B funding round led by Rocketship and Vulcan with participation from Goodwater Capital, Learn Capital, Better Capital, and others. Teachmint is a provider of a tutor management software platform. Teachmint offers features such as virtual classrooms with assignment and notes sharing, administration management, student information management, progress tracking, and more. Teachmint works on subscription-based pricing models and provides its application for the Android and iOS platforms. Founded in 2020 by IIT Delhi and Harvard University alumni, Teachmint has raised $118.4 million till date.

Hyderabad-based Healthtech startup, BlueSemi raised $69 million in a Series A funding round led by Global Emerging Markets. BlueSemi is a provider of deep tech IoT solutions focused towards preventive and connected healthtech. BlueSemi’s flagship consumer healthtech product is a non-invasive device that analyses 6 key vitals like Blood Glucose, ECG, BP, HR, SPO2, and body temperature. BlueSemi also offers a product called SENS, a wireless temperature scanner for fever screening. Founded in 2017, BlueSemi has raised $69 million till date.

Mumbai-based eCommerce startup, Purplle raised $56.6 million in a Series D funding round led by Kedaara Capital Investment Managers with participation from Blume Ventures and Sequoia Capital. Purplle offers an online platform offering multi-category beauty products. Purplle's offerings include makeup, skincare, fragrances, beauty appliances, and more. Founded in 2011 by IIT Delhi and IIT Kharagpur alumni, Purplle has raised $157.5 million till date.

Another Mumbai-based Fintech startup, Drip Capital raised $40 million in a Series C funding round led by TI Platform Management with participation from Accel, Wing Venture Capital, Sequoia Capital, and others. Drip Capital is an online marketplace for trade financing. Drip Capital offers loans for working capital, invoice financing, export financing, shipment financing, and more. Drip Capital offers loans on the basis of credit assessments, product cost, invoice amount, loan terms, and more. Founded in 2014, Drip Capital has raised $85.1 million till date.

Bangalore-based Fintech startup, Zolve raised $40 million in a Series A funding round led by Alkeon Capital Management, Lightspeed Venture Partners, and Accel. Zolve offers a cross border neo bank for individuals. Zolve offers services such as deposit accounts, prepaid cards, money transfers, cross-border transactions, and more. Zolve offers tools for monitoring transactions, expense & budget management, and more. Founded in 2020 by IIM Ahmedabad alumni, Zolve has raised $55 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 5 exits during the week of 31st Oct 2021.

Gurgaon-based Road Transport Tech startup, Shuttl was acquired by Chalo. Shuttl offers an app-based shuttle service. Shuttl enables users to find, book, and reserve their ride by providing the details like pickup & drop location and timeslot. Shuttl users can track their ride in real-time. Shuttl offers shuttle services for enterprise and rental services for domestic trips, weddings, and more. Shuttl app is available for both Android and iOS devices. Founded in 2015, Shuttl has raised $106.1 million till date from Amazon India, Whiteboard Capital, AdvantEdge, and others

Bangalore-based HRtech startup, Waahjobs was acquired by Betterplace. Waahjobs offers an online jobs portal for multiple industries. Waahjobs allows job seekers to create a profile and search for jobs by mentioning skills, education, and experience. Waahjobs allows employers to post jobs, communicate with candidates, schedule interviews, and hire. Waah-jobs platform offers jobs in various industries such as information technology, construction, hospitality, and more. Founded in 2014, Waahjobs has raised $6.6 million till date from Inventus Capital Partners, Aspada Investments, Chiratae Ventures, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reach out to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of CRED, Dhani, SUN Mobility, and more. In exits, we will cover the acquisition of HipBar by CRED among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $579 million of funding across 27 funding rounds during this week.

In a major funding round event, Bangalore-based Fintech startup, CRED raised $251 million in a Series E funding round led by Tiger Global Management and Falcon Edge Capital with participation from Dragoneer Investment Group, DST Global, RTP Ventures, and others. The company offers a reward-enabled and app-based platform for credit card bill payments. It enables credit card users to pay the bills and get rewarded in the form of Cred Coins. Its application enables users to claim rewards using Cred coins from partner brands. The company offers an app-based platform to manage multiple credit cards and keep real-time checks on credit scores. Its application is available on iOS and Android devices. Founded in 2018, the company has raised $693.6 million till date.

In a major funding round event, Mumbai-based Fintech startup, Dhani raised $159.7 million in a Post IPO funding round led by General Catalyst Partners and Ribbit Capital. The company provides an app-based platform to buy financial products for individuals. It offers quotes for personal loans, business loans, medical insurance, accident insurance, and more. The company also offers Dhani Doctor for doctor consultations and delivery of medicines. Founded in 2017 by IIT Delhi alumni, Dhani has raised $180.1 million till date.

Bangalore-based Energy Storage Tech startup, SUN Mobility raised $50 million in a Series A funding round from Vitol. The company is an operator of swappable battery stations for electric vehicles. It offers solutions for electric two-wheelers, three-wheelers, and buses. The company offers lithium-ion batteries and onboard computers for energy management. It also offers a mobile application for users to find battery stations in their vicinity and the application is available for Android platform. Founded in 2017 by IIT Delhi and BITS Pilani alumni, SUN Mobility has raised $50 million till date.

Gurgaon-based Enterprise Applications startup, Applicate raised $30 million in a Series A funding round led by AVANA Capital and Sandeep Singhal with participation from Suhail Sameer, Jawed Tapia, Prashant Kumar, and others. The company offers a cloud-based solution for sales-force automation and distribution management automation. It offers solutions through mobile apps such as sales team app, audit, and merchandise app, BTL and promo tracking app, and Channel Kart to connect channel partners of a company for real time transaction and engagement. The company deploys cloud based solutions across roles, functions, and channels for organizations. Founded in 2014, Applicate has raised $33.6 million till date.

Another Mumbai-based Fintech startup, CredAble raised $30 million in a Series B funding round led by Plutus Wealth Management with participation from OAKS. The company is an online marketplace for supply chain financing. It provides liquidity programs for enterprise supply chains for addressing working capital challenges faced by enterprises and their suppliers & distributors. The company offers a digital marketplace for enterprises to offer early payment programs for their suppliers & vendors, a digital platform for monitoring distributor receivables, and more. Founded in 2017, CredAble has raised $41 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 9 exits during the week of 24 Oct 2021.

Chennai-based liquor delivery app, HipBar was acquired by CRED. The company offers a mobile app to discover bars and liquor stores. It allows users to browse drinks available in nearby bars and stores, pick the drink of their choice such as Beer, Whisky, Vodka, Rum, and more, and pay online. The company’s services are available in Kolkata, Bhubaneswar, Rourkela, and more. Founded in 2015, HipBar has raised $5 million till date from Diageo India and Vallal RCK.

Bangalore-based Fintech startup, Recko was acquired by Stripe. The company offers a digital transaction management and reconciliation solution for businesses. Its transaction reconciliation solution helps companies in keeping a track of receivables from payment gateways. The company automates settlement and tracks and reports payment realizations, refunds, and chargebacks. Founded in 2018, Recko has raised $7.5 million till date from Prime Venture Partners, Locus Ventures, Vertex Ventures, and others.

Delhi-based digital media company, ScoopWhoop was acquired by Good Glamm Group. The company is an internet media company that creates curated entertainment content specific to Indian stories. It operates through three segments namely an entertainment and news portal called ScoopWhoop.com, a women-centric content website called Vagabomb.com, and a Hindi-content publisher platform called Gazabpost.com. The company initially started as a viral content generating and sharing website but gradually began serving as a news portal and acting as a channel for sharing and remedying social concerns. Founded in 2013, ScoopWhoop has raised $8 million till date from AdvantEdge, Gravy Partners, Blume Ventures, and others.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.

In this edition, we will cover funding rounds of CarDekho, Fraazo, M2P Fintech, and more. In exits, we will cover the acquisition of BRIDGEi2i by Accenture among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $471 million of funding across 23 funding rounds during this week.

In a major funding round event, Jaipur-based Auto Tech startup, CarDekho raised $200 million in a Series E funding round and joined the Unicorn club at the valuation of $1.2 billion. The funding round was led by LeapFrog and Mirae Asset with participation from Sequoia Capital, Hillhouse Capital, Sunley House Capital Management, and others. CarDekho is an online listing platform for used cars. CarDekho platform allows users to list their pre-owned cars to sell and allows buyers to search for cars based on their location, price, brand & more. CarDekho provides its visitors with car reviews & e-commerce services to help them reach out to the automobile dealers. CarDekho also offers automobile finance for those who want to buy a car on a loan. Founded in 2007 by IIT Delhi alumni, CarDekho has raised $570.4 million till date.

Mumbai-based Agritech startup, Fraazo raised $50 million in a Series C funding round led by WestBridge with participation from Sixth Sense Ventures, Equanimity Investments, and Apar. Fraazo is an online retailer of fresh fruits and vegetables. Fraazo sources products directly from various farms across Maharashtra and offers products such as bananas, pineapples, oranges, and more. Fraazo offers mobile applications for Android and iOS platforms. Founded in 2016, Fraazo has raised $61 million till date.

Chennai-based Fintech startup, M2P Fintech raised $35 million in a Series C funding round led by Tiger Global Management with participation from Beenext, Flourish Ventures, Better Capital, and others. M2P Fintech offers open banking APIs for banking and payment solutions. M2P Fintech offers neo-banks products, a lending system with lending and credit cards servicing multiple lenders, local and cross-border payment systems with real-time controls, and more. Founded in 2015 by ex-Paypal employees, M2P Fintech has raised $50.9 million till date.

Bangalore-based Agritech startup, Reshamandi raised $30 million in a Series A funding round led by Creation Investments with participation from Venture Catalysts, 9Unicorns, Omnivore Partners, and others. Reshamandi is a provider of digital supply chain management solutions for sericulture farmers and silk reelers. Reshamandi offers AI-tested quality inputs, IoT-led advisories, and near-proximity output linkages for sericulture farmers. Reshamandi also offers scientifically graded cocoon procurement and AI-led yarn grading to the silk reelers. Reshamandi mobile application is available on Android platforms. Founded in 2020 by IIT Delhi alumni, Reshamandi has raised $31.7 million till date.

 

Bangalore-based Fashiontech startup, Melorra raised $24 million in a Series D funding round led by 9Unicorns, Symphony Asia, ValueQuest, and others with participation from LetsVenture, Hemant Gupta, Punit Bhatia, and others. Melorra is an internet-first brand of gold and diamond-based precious jewelry. Melorra's catalog includes bracelets, earrings, rings, pendants, and more. Founded in 2015, Melorra has raised $81.9 million till date.

Bangalore-based HRtech startup, FloCareer raised $5.7 million in a Series A funding round led by Data Point Capital with participation from Uncorrelated Ventures and Orios Venture Partners. FloCareer offers an online recruitment platform. FloCareer enables job seekers to give online assessment tests, get a personalized learning map, get mentoring from experts and apply for jobs. FloCareer also enables employers to search for pre-assessed and pre-interviewed candidates and connect with them. Founded in 2015 by ex-Cisco employees, FloCareer has raised $6 million till date.

Bangalore-based Blockchain startup, Arcana raised $2.3 million in a Seed funding round led by Woodstock, Republic, LD Capital, and others with participation from AU21 Capital, Paradigm Shift Capital, Kenetic, and others. Arcana offers storage and privacy stack solutions for Ethereum apps. Arcana features end-to-end encryption, key management, access control, and more. Arcana is an EMV compatible chain for requesting access and verifying file actions. Founded in 2019, Arcana has raised $2.7 million till date.

Gurgaon-based Fintech startup, NFTically raised $1 million in a Seed funding round from Sujeet Kumar, Gaurav Munjal, Kunal Kapoor, and others. NFTically is an online marketplace for diversified NFTs. NFTically enables users to buy or sell NFT, digital arts, tokens and set up NFT stores, shops, websites, and storefronts. NFTically supports NFTs such as digital art, collectibles, utility, trading cards, and more. Founded in 2021, NFTically has raised $1 million till date.

Gurgaon-based online professional network startup, Leap Club raised $0.8 million in a Seed funding round led by Enzia Ventures and Kunal Shah with participation from Whiteboard Capital, Artha India Ventures, First Cheque, and others. Leap Club is a SaaS-based social platform for women professionals. Leap Club allows users to connect and meet women from various professions. Leap Club is available for Android and iOS users. Founded in 2019, Leap Club has raised $1.1 million till date.

Delhi-based Foodtech startup, F5 Refreshment raised $0.7 million in a Seed funding round led by Auxano with participation from Lets Venture, Venture Catalysts, and Huddle Ventures. F5 Refreshment is the provider of on-demand refreshment supplies offering tea, coffee, sandwich, and other snacks. F5 Refreshment provides opportunities for its partner vendors to upsell and cross-sell their products ranging from refreshments to services. F5 Refreshment users can subscribe to the products and also order online. Founded in 2018, F5 Refreshment has raised $1.8 million till date.

 

This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 17th October 2021.

Bangalore-based analytics startup BRIDGEi2i was acquired by Accenture. BRIDGEi2i offers big data analytics services for enterprises. BRIDGEi2i offers four applications namely emPower, SURVEYi2i, Forecasting engine, and M2. BRIDGEi2i also offers analytics services for various business functions like sales, marketing, risk management, finance, human resources, pricing, customer services, and procurement. Founded in 2011, BRIDGEi2i has raised $3.4 million till date from Edelweiss, Siddharth Banerjee, Gail A Galuppo, and others.

 

Mumbai-based online social networking startup GolBol was acquired by VerSe. GolBol provides a social networking application for sharing photos. GolBol allows users to share and add their photos in various frames such as shayari frames, celebrity frames, festival frames, and more. GolBol is available on the Android & iOS platforms. Founded in 2018, GolBol has raised $0.3 million till date from Orios Venture Partners and Chakradhar Gade.

This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts to stay updated. If you have any feedback, please reachout to us at marketing@tracxn.com. Thank you for tuning in today, see you next week.