Consumer Internet Industry

1) Freecharge Founded by Sandeep Tandon and Kunal Shah: Digital payments solution, Freecharge, has raised $57 million in its private equity round of funding to further scale its technological products and operations. These funds have been poured in by Snapdeal’s parent company Jasper Infotech and add up to its ongoing efforts of raising fresh capital for its funds.

2) TicketNew Founded by N Ramkumar, V Sasi Raman and Ravishankar Ramanujalu: Alibaba Pictures, the entertainment unit of e-commerce major Alibaba Group Holding Ltd, may buy Chennai-based Orbgen Technologies Pvt Ltd, which runs online events booking portal TicketNew. The value of the transaction is expected to be around $35 million for a 70-75% equity stake.

3) Loan Frame Founded by Shailesh Jacob, Rishi Arya and Akshun Gulati: Small and medium enterprise-focused online lending platform Loan Frame Technologies raised $2.25 million in an angel round of funding led by Parag Saxena, co-founder of Vedanta Capital. The company plans to use the funds for platform development and hiring new people.

4) InstaOffice Founded by Vikas Lakhani: Business centres and coworking space provider InstaOffice, raised an undisclosed amount of Pre-Series A funding from Globevestor. Zishaan Hayath (co-founder Toppr); Karan Chellani (Managing Partner at SQUE Capital) and Mohit Satyan (Director DFM Foods and Chairman Teamwork Arts), along with a cluster of other industry experts and angel investors also participated in this round. It targets to grow to over 1,000 active members by the next quarter.

5) iService Founded by Ankit Chowdhary: Bengaluru-based gadgets repair firm iService has raised $439K in an angel round of funding from Blume Ventures. Angel investors such as Freshdesk Co-founder Girish Mathrubootham, TaxiForSure Co-founder Aprameya Radhakrishna, Tapzo CEO Ankur Singla, Former Flipkart executive Mekin Maheshwari and Belong Co-founder Vijay Sharma also participated in this round. The raised funds will be deployed for improving product/tech, team building, and expanding the network to more cities, with an aim of reaching to 6 cities by year end.  The startup is currently active in Bengaluru and Delhi.

6) PaisaWapas Founded by Shankar Kotuli: Bengaluru-based deal discovery and cashback portal PaisaWapas raised an undisclosed amount of funding from Vividhity Ventures, a group of IIT (BHU), Varanasi alumni and a few executives from Infosys and Dell. The funds will be utilized for increasing team strength, expanding college network to over 200 colleges, marketing and partnering with various players working in the education space.

7) Roambee Founded by Vidya Subramanian and Sanjay Sharma: Silicon Valley, US and Mumbai-based IoT Company Roambee raised $3.1 million funding from Deutsche Telekom Strategic Investments. Also, it partnered with Deutsche Telekom’s corporate customer arm, T-Systems to offer a real-time visibility solution for goods and assets in the Americas, Africa, Asia, and Europe. Together, paying an “on-demand” pay-per-use business model, the two companies are delivering an end-to-end solution featuring real-time visibility, tracking, and condition monitoring of shipments and assets in-transit and in-field.

E-commerce Industry

8) LensKart Founded by Amit Chaudhary: Media entrepreneur-turned-investor Ronnie Screwvala’s Unilazer Ventures has capitalized $3.5 million in eyewear retailer Lenskart Solutions Pvt Ltd through a secondary transaction.

Technology Industry

9) IntelligenceNODE Founded by Sanjeev Sularia: Mumbai-based big data analytics startup, IntelligenceNODE raised $733K from NBFC firm BlackSoil Capital. This is the company’s third disclosed round to date. The team is also financed by investors such as Gaurav Sharma, Sunil Varrier, Arindam Das, Anupam Mittal and Gul Mukhey.

10) Securens Systems Founded by Sunil Ramanna Udupa: Mumbai-based e-security startup Securens Systems Pvt. Ltd raised $5 million in its private equity round of funding led by Trifecta Capital. Existing investor Mayfield India also participated in the current funding round. The raised funds will be utilized to increase its client-base.

11) SecureAX Founded by Prasanna Kotha, Deepak N Belavadi, and Praveen Gongireddy: Biometric and surveillance solutions provider SecurAX raised an undisclosed amount of funding. The investment was from Axilor, Parampara Early Stage Opportunities Fund and a group of angel investors. The startup will utilize the funds to boost technology offerings, expand customer base and scale up its operations across India and the Middle East.

12) Hansel.io Founded by Varun Ramamurthy Dinakar, Parminder Singh, and Mudit Krishna Mathur: Real-time mobile app management platform, Hansel.io raised $1.35 million from IDG Ventures. Existing investors Endiya Partners also participated in the current round of funding. The raised funds will be utilized towards the development of cross-platform capabilities, hiring and expanding its presence in the North American market.

13) Supercraft3D Founded by Maltesh Somasekharappa: Flipkart founder Binny Bansal financed in a 3D Printing startup Supercraft3D, pouring in $1 million into the company. Four other undisclosed angel investors also participated in the funding round. This is Flipkart’s fifth investment in the healthcare space.

Healthcare Industry

14) Medinfi Founded by Ravi Shankar Mishra and Himani Mishra: Bengaluru-based healthcare startup Medinfi raised $100K from a group of angel investors including Vinod Martin, chief operating officer of a Singapore-based IT services company; Singapore angel investor Evan Lim; Kanchan Ghoshal, a Qatar-based alumnus of management school XLRI; and Ram Kumar Kakani, a professor at XLRI. The company will deploy the funding to expand its user base to 50 cities in India.

Education Industry

15) Unacademy Founded by Sachin Gupta and Gaurav Munjal: Bengaluru-based edtech startup Unacademy secured $4.5 million funding in Series A round from Nexus Venture Partners and Blume Ventures. Girish Mathrubootham, CEO, Freshdesk and Ananth Narayanan, CEO, Myntra, along with Stanford Angels have also participated in the round. The company plans to deploy the raised funds for expansion of its content portfolio; growing its educators base from 200 to 2000 in the next one year, across varied exam preparation, professional growth topics and language learning; and in including content from areas such as personal finance, personality development and more.

Real Estate Industry

16) Square Yards Founded by Tanuj Shori: Real estate portal Square Yards received $10 million from its banks. The funding is from a group of high net worth individuals including global beauty brand L’Occitane CEO Andre Hoffman and the family office of Kanpur-based Lohia Group. It is now aiming double-digit market share in Indian real estate distribution and is planning to expand to 25+ countries on the ground advising on global real estate.

Automobile Industry

17) Drivekool Founded by Mahesh Gidwani, Saumitra Kayal, Kumar Gaurav: An online marketplace for driving schools, Drivekool, raised an undisclosed amount of angel funding from US-based Aavya Ventures. The company plans to spend the money in expanding operations to new cities in Maharashtra.

The post 17 Indian Startups Making News This Week (09 January – 15 January) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1 ) Leadburg founded by Akshay Chandrasekhar, Vidyadhar Prabhudesai and Sangeeth Varghese: A workforce development startup Leadburg secured an undisclosed amount of funding from the IvyCamp platform from enterprise tech veterans Harsh V. Pant and Ratheesh Raveendran.

2) Hipcouch founded by Parikshat Hemrajani and Pankaj Poddar: B2B furniture solutions provider Hipcouch raised $700K in its seed round of funding. Hipcouch founders had earlier founded Dwll.in, a curated online network of interior designers based in Mumbai, which was acquired by end-to-end home design service provider and curated marketplace for homeowners and designers, Livspace, in May 2015.

3) Tinystep founded by Suhail Abidi: Bengaluru-based parenting-focussed social network Tinystep raised $2 million in private equity round of funding from e-commerce giant, Flipkart. The startup will deploy the newly raised funding to advance the product, better the user experience, and expand the services.

4) PParkE founded by Shampa Ganguly and Pritam Ganguly: Bengaluru-based Pristech Technologies Pvt Ltd, which runs parking solutions app PParkE raised an undisclosed amount in seed funding from Singapore-based early-stage investment firm SB Ventures. The new funds will be infused to develop the product.

5) Weddingz founded by Sandeep Lodha: Mumbai-based online marketplace for wedding venues and vendors, Weddingz raised $1 million in private equity round of funding led by Singularity Ventures. Existing investor Sixth Sense Ventures also participated in the round.

6) Fitnapp founded by Sagar Verma and Akshay Jhinga: Fitness startup Fitnapp raised an undisclosed amount of funding from real estate conglomerate SD Group. With this move, SD Group’s Sanjay K Baliase will join Fitnapp as a Director. The raised fund will be utilized for online expansions, increasing the number of associations, partners and marketing.

E-commerce Industry

7) Hoopy founded by Vedic Choubey and Shashank Dubey: Vehicle maintenance marketplace Nephonine Solutions Pvt. Ltd, which offers its services under the brand Hoopy, raised its angel round of funding from a clutch of wealthy individuals. Hoopy has secured $500K to support its expansion plans.

8) Direct Create founded by Sheela Lunkad and Rajeev Lunkad: Online-to-offline B2B platform for handicrafts Direct Create raised an undisclosed amount of funding from Rajasthan Venture Capital Fund (RVCF). The funding will be deployed to build the platform, enhance user experience, scale up maker and designer memberships via outreach efforts.

9) Vahdam Teas founded by Vahdam Teas: Online tea brand Vahdam Teas raised $650K from angel investors Mumbai Angels Network, Fireside Ventures, and Singapore Angel Network. The company will use the raised funds towards marketing, product development, and opening a warehouse in the US. It now claims to have shipped its garden fresh tea to over 76 countries.

10) Wydr founded by Devash Rai: Gurugram-based mobile B2B marketplace Wydr secured an undisclosed amount of Series A round of funding from Bessemer Venture Partners, Stellaris Venture Partners and Singapore-based Jungle Venture Partners. Axis Capital from Singapore also participated in the round. The company plans to use the fresh round of capital for pan-India expansion and expand its seller base across wholesale hubs in India, introduction of new categories and technology innovation delivering more value to its B2B users.

Technology Industry

11) Oi Media founded by Praphul Misra: Delhi-based SaaS marketplace platform for OOH (Out-of-Home) advertising Oi Media raised an undisclosed amount of an angel funding led by early-stage VC fund Quarizon. With this move, Alok Kumar Goel, Principal Advisor at Quarizon will join the team’s board and provide strategic mentorship.

12) Kratikal founded by Pavan Kushwaha, Paratosh Bansal, Dip Jung Thapa, Prashant Pandey and Ankit Singh: Delhi-based Kratikal, an end-to-end cyber security solution provider, raised an undisclosed amount of angel funding from Amajit Gupta (former director of Microsoft India) with Praveen Dubey (co-founder Mutual PR) and J.P. Bhatt (co-founder and Chief Executive of ImpactQA). With its 15-member team, Kratikal offers its services to domestic and foreign clients in the US, Australia, New Zealand, and South Africa for matters related to cybercrime, forensics, and cyber fraud.

13) QwikSpec founded by Ajith Alexander: Cloud-based construction field inspection and asset management platform QwikSpec raised $300K in seed funding. The Bengaluru-based startup will utilize the fund to scale up its product and in customer acquisition.

14) Tyre Express founded by Dinesh Wakale and Brijesh Shukla: B2B marketplace for lifecycle management of commercial vehicle tyres Tyre Express raised an undisclosed amount in Seed funding via IvyCamp. The startup targets working with fleet operators and the team is also team up with tyre OEMs to improve service offerings to institutional clients.

15) Connaizen founded by Sanchit Kapoor, Vikas Bharti, Nikhil Garg: Fintech startup Connaizen that helps banks & marketers leverage consumer spending data to target them better, secured an undisclosed amount of seed funding led by Umang Moondra, a former Citibank Singapore MD. Headquartered in Singapore, the Delhi-based startup will deploy the funding for helping expedite the integration as it is soon going live with four private banks.

Digital Media Industry

16) Ethosh founded by Jitendra Dahale and Rahul Deshpande,: Deepak Nathani, Cybage co-founder picked up a 25% stake in Pune-based visual and interactive communications firm Ethosh. The investment amount remains undisclosed. The startup will deploy the freshly raised capital to expand its presence across the US, Europe, and India.

Healthcare Industry

17) Practo founded by Shashank ND and Abhinav Lal: Healthcare platform Practo has raised $55 million in its series-D round of funding led by Chinese internet conglomerate Tencent.  The company plans to utilize these funds to further integrate its platform and for global expansion.

Food & Beverage Industry

18) Ketchupp founded by Chirag Taneja, Abdul Khalid, Narendra Kumar and Rohit Taneja: Metasearch engine for online food ordering, Ketchupp secured $441K in Seed round of funding from India Quotient and other angel investors. The team plans to use this round of investment in making a robust product through analytics, big data, and enabling tech solutions.

19) iD Fresh Foods founded by Musthafa Pc: Wipro chairman Azim Premji’s family office, Premji Invest invested $25 million in Bengaluru-based food company, iD Fresh Foods. With the investment, Premji Invest has acquired a 25% stake in the company at the latter’s valuation of $100 million. MAPE Advisory Group is the advisor to the deal. The company will utilize the new funds to grow its presence across India and expand its product offerings.

20) NativeSpecial founded by Baskaran V: Tamil Nadu-based foodtech startup NativeSpecial secured an undisclosed amount of funding from Indian Angel Network, and Madurai-based Native Angels Network. Nagaraja Prakasam led this round of funding on IAN’s behalf and with the investment; K. Premnath will join the board to provide strategic mentorship to the venture. The startup will use the newly raised funding for further upgrading of its laboratory facilities and expansion to newer markets.

Real Estate Industry

21) ZoloStays founded by Nikhil Sikri: Real estate portal ZoloStays raised $5 million in Series A round of funding from Nexus Venture Partners. The round also included a venture debt of $660K from Innoven Capital. With the raised funds, Zolo aims to create a new class of managed accommodations and strategies to grow aggressively to reach from 5000 locked-in beds to over 12000 beds. It further wants to expand to Chennai and NCR by the end of this year.

Education Industry

22) Curiositi founded by Vinod Abraham and Manoj Thandassery: An edtech startup Curiositi Learning Solutions secured an undisclosed amount in Series A round of funding from Menterra Social Impact Fund. Existing investor Unitus Seed Fund also participated in the round. The recently raised funding will help the enterprise expand its operations to more schools, increase learning outcomes, and provide a comprehensive solution that supports experiential learning in the classroom.

Transportation &Logistics Industry

23) Ezytruk founded by Srikanth M: Ezytruk, logistics and truck aggregator startup secured $ 147K funding from Dubai-based investors Ajith Nair and Anish K. The investment will help Ezytruk establish its commercial operations, marketing and IoT development and in its organic growth strategy.

The post 23 Indian Startups Making News This Week (16 January – 22 January) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) SelectJobs founded by Paresh Rajde and Amit Saxena: India Educational Investment Fund (IEIF), an early-stage impact fund established by the Michael & Susan Dell Foundation (MSDF), has funded undisclosed amount of seed funding in job portal Select Jobs.

2) Khel Now founded by Dhruv Ratra: Mobile-based social networking platform for sports, Khel Now received $500K in funding from Thailand-based Indochine International Co. Ltd. The startup plans to deploy the funds to expand its network and services across Southeast Asian countries. The company is also planning to add sports such as tennis, basketball, badminton, and Thai martial arts such as Muay Thai on its platform.

3) NowFloats founded Neeraj Sabharwal, Nitin Jain, Ronak Samantray, Ronak Kumar Samantray, and Jasminder Gulati: NowFloats, a digital enabler of Small and Medium Businesses (SME) business presence raised $10 million in its Series B round of funding from Iron Pillar Capital and IIFL, along with existing investors Blume Ventures & Omidyar Network. IIFL invested through its Seed Ventures Fund I & Cash Opportunities Fund. The startup plans to utilize the proceeds for sharpening its technology stack that drives customer support which the company is aiming to be a hybrid of automated and human interaction. It plans to enable the larger enterprises to leverage automated SEO on top of their existing websites. Also, it will also strengthen its services for the small and medium enterprises and expand further into the Tier II and Tier III cities in the country.

4) Wishberry founded by Anshulika Dubey and Priyanka Agarwal: Crowdfunding platform Wishberry raised an undisclosed amount in its Pre-Series A round of funding from iSPIRT co-founder Sharad Sharma. The round also saw the participation of Rajan Anandan (MD, Google India), Amit Ranjan (co-founder, SlideShare), Alok Mittal (founding member, IAN), Venkat S Raju and several other investors from LetsVenture.

5) 99PerHour founded by Vidhyaa, and Shanker K: On-demand hyperlocal services provider, 99PerHour raised Seed funding of $300K from a US-based angel investor, V Aanand R. The company plans to deploy these funds to expand its service categories from 18 to 100 across – utility, professional, and personal services.

6) messaGif: A social messaging platform, messaGif, added $ 50K to its initial angel investment by an early Google employee. The company will use the funds to upgrade technology, research & development and marketing. The startup is engrossed on specific Indian content in 9 regional languages and is one of the largest Gif aggregators in the world.

7) TOGEDR: Gurugram-based social networking app TOGEDR got selected for Facebook’s developer-focused programme “FbStart” which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services & credits worth $40,000.

8) BabyOnBoard: Bengaluru-based online baby journal creating app BabyOnBoard got selected for Facebook’s developer-focused programme “FbStart” which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services & credits worth $40,000. The services include mentorship from Facebook’s engineering teams and services from its partners like Amazon Web Services, Dropbox, Adobe, and MailChimp.

E-commerce Industry

9) Infibeam founded by Sachin Dalal: Bennett, Coleman and Company Ltd (BCCL) invested $8.8 million in Ahmedabad-based e-tailer Infibeam in exchange for equity. Following the transaction, BCCL’s stake in Infibeam is likely to go up from the current 1.4% to around 2.2%.

Technology Industry

10) SmarterHi founded by Srini Narayanan and Pradeep Vasudev: IoT-based security services provider, SmarterHi Communications secured an undisclosed amount of funding from a Singapore-based investor for a minority stake. The funding will be deployed to develop its R&D, sales, and marketing team.

11) CRON Systems founded by Tushar Chhabra, Farheen Ahmed, Tommy Katzenellenbogen, and Saurav Agarwala: IoT-based border security solutions provider CRON Systems secured an undisclosed amount in its Pre-Series A round of funding from early-stage VC firm, YourNest. The raised funds will be utilized to develop its R&D team, hiring new members, and venture into new markets across the Middle East, Africa, and Europe.

12) Betaout founded by Arjun Mahewshwari, Ankit Maheshwari, Arjun Maheshwari, Mayank Dhingra, Nandini Rathi, and Raghubir Thakur: A customer intelligence and marketing automation platform for e-commerce, Betaout, secured an undisclosed amount of funding from South East Asia-focused East Ventures and angel investors.

13) RML AgTech founded by Rajiv Tevtiya: RML AgTech, formerly known as Reuters Market Light raised $4 million from IvyCap Ventures, a private equity firm. The company plans to use the money to reinforce its IT backbone and to bring in new products and features on its current offerings.

14) Loyalty Prime founded by Christoph Straub and Kunal Mohiuddin: Software-as-a-Service (SaaS) platform Loyalty Prime raised a Series A round of funding from a consortium of investors, including Munich-based early stage fund Senovo, Unternehmertum Venture Capital (UVC) and angel investor Alexander Bruehl. The company will deploy the funds to expand its business across Europe, the US and Asia.

15) InstaSafe founded by Sandip Kumar Panda, Biju George and Prashanth Guruswamy: Security solution startup, InstaSafe, raised $2.2 million of seed funding from e-governance solution provider ABN Knowledgware in a stock-exchange filing. The startup will utilize primary funds to improve its product offering technology and expand into international markets while enhancing its marketing and sales teams.

16) 99Games founded by Rohith Bhat: A gaming startup 99Games raised an undisclosed amount of funding led by Japanese investment firm Dream Incubator, along with participation from existing investors Kalaari Capital and Ascent Capital. This is Dream Incubator’s debut investment in India. The first female-focussed game to be launched is a puzzle strategy game focused on cooking.

17) Aryaka founded by Ashwath Nagaraj, Ajit Gupta and Rajeev Bharadhwaj: Aryaka, a global SD-WAN (Software-Defined Wide Area Network) and cloud computing platform raised $45 million in Series D round of funding from Third Point Ventures and Deutsche Telekom Capital Partners (DTCP), along with the participation of existing investors. Post the investment, Aidan Cullen, formerly associated with CliQr Technologies will join Aryaka’s leadership team as Chief Financial Officer.

Education Industry

18) Cuemath founded by Manan Khurma: Edtech startup Cuemath, raised $15 million in a series B round of funding from CapitalG and Sequoia India. The company will utilize the funding for improving its learning systems and expanding to other cities across the country.

19) ChipperSage founded by Latha Srinivasan: India Educational Investment Fund (IEIF), an early-stage impact fund established by the Michael & Susan Dell Foundation (MSDF), has financed undisclosed amount of seed funding in ed-tech firm ChipperSage.

Logistics Industry

20) LetsTransport founded by Pushkar Singh and Sudarshan Ravi: Bengaluru-based logistics startup, LetsTransport raised $4 million in its Series A round of funding. The latest round of funding was from Neelesh Bhatnagar, former CEO of Landmark Arabia along with GMO, and a Japan-based payment gateway company.

Healthcare Industry

21) Airmed founded by Amit Gupta and Piyush Gupta: Ahmedabad-based healthcare lab aggregator, Airmed Path Labs secured $1.4 million from Bennet, Coleman and Co. Ltd.’s (BCCL) investment handle, Brand Capital. The raised funds will be deployed towards expansion and strengthening its brand.

Digital Media Industry

22) Kochi Post founded by Raghul Sudheesh: The Kochi Post, run by Kochi Post Media LLP, the Kerala focused English language online newspaper raised its first-round investment led by Angel Investor Rajesh Yohannan and Singapore-based VC, Puthen & Cole.

The post 22 Indian Startups Making News This Week (23 January – 29 January) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) MapTags founded by Krishna Yogi, Abhinav Saksena, Suman Jha: MapTags takes the pain out of filling out addresses. The Bangalore-based startup got a commitment of US$18,000 from the angels at the IIT Bombay e-summit.

2) RegisterMyMarriage founded by Ankur Arun and Gaurav Sharma: Delhi-based marriage registration portal RegisterMyMarriage raised an undisclosed amount of funding from Mumbai Angels and angel investor Praveen Dubey in an angel round. The firm will deploy the funds to expand its registration services to wills, divorces, birth certificates, income certificates, etc.

3) Stockroom.io founded by Naren Krishna Madhurakavi: Hyderabad-based Stockroom.io, a curated platform for developers raised an undisclosed amount of funding in Pre-Series A round from Satya D Sinha and Gyanendra Singh, the founders of MANCER Consulting. With the raised funds, the team further plans to focus on building a SaaS platform based on candidate recommendation system and predictive analytics.

4) OhLook: Hyderabad-based style curation startup for men, OhLook has been selected for Facebook’s developer-focused programme “FbStart” which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services and credits worth $40,000. The services include mentorship from Facebook’s engineering teams and services from its partners like Amazon Web Services, Dropbox, Adobe, and MailChimp.

5) Finpin: Mumbai-based fintech startup finpin has been selected for Facebook’s developer-focussed programme “FbStart” which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services and credits worth $40,000.

6) iMangeMyHotel founded by SouravGoswami and Amit Banerjee:  An ERP SaaS product providing end to end solution for hotel secures $50K in funding from Jaarvis Accelerator and has been selected for their acceleration program.

Technology Industry

7) Intuit Things founded by Neil Savant, Ravi Savant, Vikram Vaidya, Mihir Karkare: It is an end-to-end IoT solutions for home automation applications. It aims to do all this at more affordable price points than similar imported products in the market. Angel investor Sanjay Mehta led the funding commitment of US$100,000 into this startup.

8) Cloudrino founded by Tarusha Mittal, Mohit Madan: The Delhi-based startup got a commitment of US$22,000 in funding from the angels at IIT Bombay. It offers companies with virtual servers on the cloud.

9) Clodura: Pune-based automated lead generation startup Clodura Systems raised an undisclosed amount of funding from Ajay Dubey, an IIT Kanpur alumnus. The startup will use the funding for product development, sales, and marketing.

10) TradeShift: Wipro’s venture arm financed an undisclosed amount in business process platform company Tradeshift. The IT firm will partner with the startup to offer cloud-based supply chain solutions.

E-commerce Industry

11) FabX founded by Kunal Mehta, Prasanjeet Suradkar, Abhijeet Pawar, Piyush Chauhan: FabX is a marketplace for refurbished furniture. The startup got a commitment of US$66,000 in seed funding at the e-summit.

12) HUFT founded by Rashi Sanon Narang: Online and offline platform for luxury pet products, Heads Up For Tails (HUFT) raised $2 million in its Pre-Series A round from a clutch of HNIs. The company plans to use the latest funds towards developing its technology and expansion, across India and abroad, in both online and offline channels.

Healthcare Industry

13) Yolo Health founded by Dhilly Babu, Shreyans and Arpit: Chandigarh Angels Network infused $235K in Mumbai-based healthcare startup Yolo Health. The raised funds will be utilized to develop Health ATMs, which will dispense generic drugs. The company will also invest the funds in research and marketing.

Education Industry

14) Notesgen founded by Manak Gulati: Delhi-based Notesgen Technologies Pvt Ltd, which runs peer-to-peer ed-tech startup Notesgen, raised $148K in angel funding from GHV accelerator and existing angel investors. The startup will deploy the funds to enhance its technology and grow its user base.

Finance Industry

15) Capital Float founded by Sashank Rishyasringa and Gaurav Hinduja: Bengaluru-based online lending platform Capital Float raised $2.5 million in its private equity round of funding from IFMR Capital Finance and its alternative investment fund.

Travel Industry

16) TravelTriangle founded by Sankalp Agarwal, Prabhat Gupta and Sanchit Garg: Holiday Triangle Travel Pvt. Ltd, which operates TravelTriangle.com, raised $10 million in a series B round of funding from RB Investments, a Singapore-based venture capital firm. Existing investors SAIF Partners and Bessemer Venture Partners also participated in the round. The company will invest the funds in technology and product development, as it aims to turn a profit in the next 18 months.

The post 16 Indian Startups Making News This Week (30 January – 05 February) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Industry

1) CarTrade founded by Vinay Sanghi: Mumbai-based online automobile classifieds platform, CarTrade raised $55 million in a fresh round of funding from Singapore-based Temasek and a US-based family office. The recent round of funding will be deployed to support CarTrade’s growth plans through acquisitions, expansion into areas such as auto finance, etc.

2) Nurturey founded by Tushar Srivastava: Nurturey, an intelligent personal assistant for parents, raised over $330K, bringing its total funding raised close to $750K. The funds will assist the organization in developing new features that will make the application a more intelligent personal assistant for parents. Mohit Joshi – President, Infosys, participated as a key investor in this round.

3) Saleapp: Goa-based Saleapp Advertising Ltd was selected for Facebook’s developer-focused programme “FbStart” which caters to the early-stage, mobile-focused startups. It is the first IT startup from Goa to be selected for the programme. As part of the programme, the startup will be provided with services and credits worth $40K.

4) Hubhopper founded by Gautam Anand: Delhi-based content aggregator portal Hubhopper, secured an undisclosed amount in an angel funding led by Surendra Daulet Singh, Managing Director, GKR; and Daulet Singh, former CEO, British Bank of the Middle East (HSBC Group). The raised funds will be utilized to further strengthen its board of members of which Surendra would be a member.

E-commerce Industry

5) Voonik founded by Sujayath Ali and Navaneetha Krishnan: Start-up Voonik Technologies Pvt. Ltd, owner of the Voonik fashion app, raised $6 million from Singapore-based RB Investments and existing investor Sequoia Capital.

6) Wooplr founded by Soumen Sarkar, Praveen Rajaretnam, Ankit Sabharwal, and Arjun Zacharia: Bengaluru-based fashion discovery app Wooplr secured $8 million in Series B round of funding led by Sistema Asia fund, a proprietary fund floated by Sistema JSFC. Helion Ventures and Amereus Group also participated in this round. The startup will deploy the recent round of funding to strengthen product and technology and to enhance its fashion discovery platform.

Technology Industry

7) Zenatix Solutions founded by Rahul Bhalla, Amarjeet Singh, and Vishal Bansal: Gurugram-based IoT startup Zenatix Solutions raised $1 million in Pre-Series A round of funding led by pi Ventures. Existing investor, Blume Ventures also participated in the round. Prior to this in July 2015, Zenatix raised $161K and an undisclosed amount in December 2015.

8) MindYourFleet founded by Jitender Arora and Malvinder Singh Rikhy: Fleet management solutions provider Mind Your Fleet, raised a bridge round of funding, of an undisclosed amount, from a group of Angel Investors. The round was led by Japan Vyas, co-founder and managing partner of Sixth Sense Ventures and angel investor Tarun Adlakha. The company will utilize the funds for product development, and sales and marketing.

9) HyperTrack founded by Tapan Pandita and Kashyap Deorah: Pay-per-use software HyperTrack raised $1.5 million in seed funding. The round saw participation from Chamath Palihapitiya‘s Social Capital, Vy Capital, Jubiliant Group co-founder Hari Bhartia, Deepinder Goyal of Zomato, Junglee.com founders Anand Rajaraman and Venky Harinarayan, Investopad founders Rohan Malhotra and Arjun Malhotra, among others.

Travel Industry

10) Wandertrails founded by Pranav Kumar, Hari Gangadharan, Sruti Ramesh Chander, Vishnu Menon, and Narayan Menon: Bengaluru-based online experiential travel platform Wandertrails raised $1 million in angel funding from Earlsfield Capital, a UK-based venture capital firm. The newly raised capital will be used for expanding its operations across the country and building products for its growing clientele.

Education Industry

11) Edurev founded by Kunaal Satija and Hardik Dhamija: Gurugram-based edtech startup Edurev got selected for Facebook’s developer-focused programme “FbStart” which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services & credits worth $40K.

Finance Industry

12) 1Crowd founded by Anup Kuruvilla, and Anil Gudibande: Zeve Capsol, which is behind 1Crowd platform, raised an undisclosed amount of funding from Ganesh Natarajan, chairman of 5F World. 1Crowd, started in 2015, currently has over 500 members and has invested in about 10 companies.

Food and Beverage Industry

13) 48East founded by Joseph Cherian: Bengaluru-based food tech startup 48East, raised $500K in Pre-Series A funding from UAE-based Al Dhaheri family. The startup will use the newly raised capital for setting up new kitchens, enhancing logistics, ramping up technology, and marketing.

The post 13 Indian Startups Making News This Week (06 February – 12 February) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Wassup founded by Balachandar R: Chennai-based on-demand laundry services startup Wassup secured $3.2 million in Pre-Series A round from existing investors which includes Anil Jain (MD at Refex Energy), HNIs from India and the Middle East. The company plans to use the freshly raised funds for expansion and to build a stronger management team.

2) GoBumpr founded by Nandha Kumar Ravi, Karthik Venkateswaran, and Sundar Natesan: Automobile services platform, GoBumpr secured $300K in funding from The Chennai Angels. The investment round was led by Mahalingam K, partner, TSM Group. GoBumpr had raised a round of funding from Keiretsu Forum six months back.

3) Innov8 founded by Ritesh Malik, Shailesh Gupta, and Sumit Ranka: Delhi-based coworking office space provider Innov8 raised an undisclosed amount of angel funding from LetsVenture, Venture Catalysts. Independent angel investors like Rajan Anandan (VP of India, Southeast Asia, Google), S. Somasegar (MD, Madrona Venture Group), Vijay Shekhar Sharma (founder, Paytm), Girish Mathrubootham (founder and CEO, Freshdesk), Kunal Shah (co-founder, FreeCharge), and others also participated in the round.

4) ZestMoney founded by Lizzie Chapman, Priya Sharma and Ashish Anantharaman: Fintech startup ZestMoney raised $6.5 million in its Series A round of funding from PayU India. Existing investors, US-based Ribbit Capital and Omidyar Network also participated in the round. This new round of funding will help ZestMoney to further augment its risk engine and develop the better in-house technology. It will also help the platform expand its partner network and bring “Pay Using ZestMoney EMI” to the majority of e-commerce websites and apps.

5) Aisle founded by Able Joseph: Online dating app Aisle secured an undisclosed amount of funding from the CIO Angel Network (CAN). The lead investors were Anthony Thomas and Sanjay Mehta. Konglo Ventures, White Unicorn Ventures, and LetsVenture also participated in the round.

6) Leopetra: Mumbai-based 360-degree solution provider for all pet needs, Leopetra was selected for Facebook’s developer-focused programme “FbStart” which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services and credits worth $40K.

7) CCAvenue: Infibeam has agreed to invest $22.4 million for further acquiring 7.5% equity shares of CCAvenue. Ahmedabad-based Infibeam is planning to join with payment gateway CCAvenue. In May 2016, Infibeam had invested about $6.7 million in the payment gateway. As per a recent filing, Infibeam currently holds 3.85% of equity shares in CCAvenue.

8) Townscript founded by Sachin Sharma and Sanchit Malik: Online entertainment ticketing brand BookMyShow invested an undisclosed amount for a majority stake in DIY event registration and ticketing portal, Townscript. Townscript will use the funds towards scaling and refining its product offering and consequent expansion as well.

E-commerce Industry

9) Urban Ladder founded by Ashish Goel and Rajiv Srivatsa: Urban Ladder, an online furniture retailer raised $15.2 million from existing investors. The list included Kalaari Capital, SAIF Partners, Steadview Capital, and Sequoia Capital.

10) Truebil founded by Suraj Kalwani, Ravi Chirania, Shubh Bansal, Shubh Bansal, and Ritesh Pandey: A Mumbai-based online marketplace for buying and selling secondhand cars Truebil secured $3 million in its Series A round of funding led by Chinese VC firm Shunwei Capital. The startup plans to deploy the freshly infused funds to intensify its operations, invest in skill development and bolster technological infrastructure of the company.

Technology Industry

11) Flutura founded by Srikanth Muralidhara, Derick Jose, and Krishnan Raman: Bengaluru-based IoT startup Flutura Decision Sciences and Analytics secured $7.5 million Series A funding from Vertex Ventures and supported by Lumis Partners and existing investor, The Hive. The startup will utilize the funding for market expansion and focus on deep industry expertise.

12) Fyle founded by Yashwanth Madhusudan and Sivaramakrishnan Narayanan: Expense Management Company Fyle Technologies raised $400K in its angel round of funding from early-stage venture firm Pravega Ventures. Venture fund Beenext, Phanindra Sama,  Richa Kar, and Joydeep Sen Sharma also participated in the round.

13) AirZaar founded by Ravi Sahu and Ali Ahmadi: Drone operations management platform AirZaar raised $350K in seed funding from New York-based VC firm Quake Capital. Missouri Technology Corporation, a public-private partnership that provides seed money for tech startups and a few other strategic angel investors also participated in the round. The company plans to utilize the funds to monetize its mining industry product and to launch additional workflow products for the construction industry.

14) Imaginate founded by Jean Mathews: Hyderabad-based augmented and virtual reality startup, Imaginate raised $500K in its angel round of funding from US-based early stage VC fund, SRI Capital. Post funding, Sashi Reddi, MD, SRI Capital will join Imaginate’s board of directors. The latter’s early seed investor; IIIT-Hyderabad has exited the company with this round of funding.

15) Cloud 1: Property consultant JLL India’s investment arm invested an undisclosed amount in NCR-based Cloud1 Enterprises, a technology platform for bringing efficiency in employee transportation. With the raised funds, Cloud1 will focus on data integration with traditional fleet management systems to convert telematics insights into fleet productivity.

Healthcare Industry

16) SigTuple founded by Rohit Pandey, Apurv Anand, and Tathagato Dastidar: Bengaluru-based health technology start-up SigTuple Technologies Pvt. Ltd. has raised $5.8 million in series A round of funding from existing investor Accel Partners. The company will deploy the fresh funds to expand the team, invest in product development and venture into the overseas market.

17) Blood n Care: Gurugram-based first aid care app Blood n Care was selected for Facebook’s developer-focused programme “FbStart” which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services and credits worth $40K.

Finance Industry

18) Better Mortgage founded by Vishal Garg: Gurugram- and New York-based fintech startup Better Mortgage raised $15 million in a Series B round of funding led by Kleiner Perkins, Goldman Sachs, and Pine Brook. The startup will deploy the new capital to support the launch and expansion of Better Mortgage’s home purchase finance product.

19) Connaizen founded by Sanchit Kapoor, Vikas Bharti, and Nikhil Garg: Delhi-based data analytics firm Connaizen raised an undisclosed amount of funding from Vikram Sud, former Asia-Pacific O&T head at Citigroup and ex-group COO of Kotak Mahindra Group. The startup aims to soon go live with four private banks.

Online Media Industry

20) YourStory founded by Shradha Sharma: Media company YourStory raised $3 million in its private equity round of funding from existing investors  Kalaari Capital Partners III LLC, Qualcomm Asia Pacific Pte Ltd, 3ONE4 Capital Advisors LLP and UC-RNT Fund.

21) The Ken founded by Rohin Dharmakumar: India’s first subscription-only business news site The Ken raised an angel funding round of $400K. The investors who participated in the round include Aprameya Radhakrishna, Deepak Natraj, Girish Mathrubhootham, Mahesh Murthy, Pallav Nadhani, Pavan Ongole, Sandeep Mathur, Shan Krishnasamy, Shanmugam Nagarajan, V Balakrishnan, and Vijay Shekhar Sharma.

The post 21 Indian Startups Making News This Week (13 February – 19 February) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Vebbler founded by Sahil Bhagat: A photo sharing startup Vebbler got selected for Facebook’s developer-focused programme “FbStart” which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services & credits worth $40,000.

2) Get My Parking founded by Chirag Jain, Rasik Pansare: Cloud-based mobile parking startup, Get My Parking raised $1.1 million in a Pre-Series A round of funding from Indian Angel Network (IAN), BEENEXT, The Chennai Angels (TCA), and Sunil Munjal (Hero Group). The startup has raised funds to accelerate product innovation and business impact.

Financial Industry

3) True Balance founded by Cheolwon Lee: Gurugram- and Korea-based mobile balance management service app True Balance secured $15 million in its Series B round of funding.

Healthcare Industry

4) Reap Chemist founded by Siddharth Gadia: Mumbai-based B2B supply chain management mobile application for pharmacies, Reap Chemist secured an undisclosed amount in angel round of funding from angel investors including Kunal Shah and Sandeep Tandon of FreeCharge, Gagan Goyal of ThinkLabs, and Nitin Saluja of Chaayos. The startup will utilize the funds to improvise its product and expand operations.

Marketing Industry

5) Oglas founded by Sunny Agarwal, Raja Agarwal, Adi Ranjan, Sohit Sharavat, Rahul Chauhan and Sahil Ojha: Noida-based mobile advertising startup Oglas secured an undisclosed amount of angel round of funding from investment banker and NYU Stern alumnus Pankaj Rungta and serial entrepreneur Yogesh Agarwal.

Food Industry

6) Biryani By Kilo (BBK) founded by Kaushik Roy: Gurugram-based food startup BBK secured $375K from investors such as Chandigarh Angels, Ashish Gupta (Evalueserve, Ashoka University), Rohit & Ashish Chand, Sunil Singh and more. With this newly raised fund; BBK aims to cover most of NCR with six-seven kitchens.

The post 6 Indian Startups Making News This Week (20 February – 26 February) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Ola founded by Bhavish Aggarwal and Ankit Bhati: Online cab aggregator Ola secured $350 million from existing and new investors. The company has received funds from existing and new investors and the latest round of funding has valued the company at $3.5 billion.

2) Belong founded by Sudheendra Chilappagari, Saiteja Veera, Vijay Sharma, and Rishabh Kaul: Bengaluru-based recruitment startup Belong raised $10 million in Series B funding from Sequoia Capital India, with participation from existing investor Matrix Partners India. The newly raised fund will be used to accelerate product development, expand sales and support operations, and hire new talent across engineering, data science, enterprise sales, and customer success.

3) SeenIt founded by Ankita Sancheti, Saksham Karwal and Vedanta Kumar: SeenIt Online Private Limited, which owns and operates the popular fashion question and answer app, SeenIt, has received an undisclosed amount of Pre-Series A funding from Calcutta Angels Network (CAN) and Augment Ventures.

4) LetsEndorse founded by Monika Shukla and Varun Kashyap: Bengaluru-based online network for social causes LetsEndorse secured an undisclosed amount led by Chandigarh Angels Network, Tata Trusts-backed Social Alpha and other unnamed angel investors. The company will utilize the funds to enhance its technology footprint, expand to more geographies, and build a cohesive community of doers and enablers.

5) Emojifi founded by Manan Maheshwari: Emojifi, an app that provides live emoji, sticker, and GIF suggestions based on the typed words across chat platforms, secured an angel round with two lead angel investors from Hyderabad. The capital will be infused for marketing and to build the product further.

6) Paytm founded by Vijay Shekhar Sharma and Vishay Shekhar Sharma: Paytm E-Commerce Pvt Ltd, an Indian mobile payments and commerce platform, raised $200 million in funding. The round was led by Alibaba Group Holding, which acquired a 36.31% stake for $177 million, with participation from SAIF Partners, which acquired a 4.66% for $23 million. The company plans to use the funds to expand its online business.

7) MyTaxiIndia founded by Mihir, Mohit Rajpal and Satyakam Rahul: Gurgaon-based MyTaxiIndia (MTI), an outstation taxi and cab service provider in India raised planned investment from UAE-based investment and holding company Zain Group of Companies. MTI is focusing on servicing both – one-way taxi and package-based outstation taxi service – segments in the past few years.

8) Finly founded by Veekshith Rai and Vivek AG: ItzCash, a leading player in the digital payments space, made an equity investment in the Bengaluru-based expense management fintech startup Finly. The deal has been brought to fruition through part equity investment and part business partnership.

9) RedCarpet founded by Sandeep Srinivasa and Kartik Venkataraman: Delhi-based RedCarpet a student microlending startup raised $2.5 million funding in a round from Lightspeed Venture Partners. The startup will utilize the newly raised funds to improve risk evaluation technology, introduce new student-lending features, and team expansion.

E-commerce Industry

10) Johari Shop founded by Vivek Sinha and Ankit Banthia: Jewellery ecommerce marketplace Johari Shop raised $94K from three angel investors, including a diamond exporter and a high net-worth individual, to power its omni-channel efforts. The company will spend the money to work on its omni-channel strategy that would start with the launch of its first brick-and-mortar store in Bengaluru’s VR mall by the end of February 2017.

11) Paalak founded by Swapnil Tripathi and Vishal Salgotra: Delhi-based agritech startup Paalak secured an undisclosed amount in seed funding led by Vishwadeep Bajaj, Harsh Kundra, Nandkumar Rane, and Anupam Tyagi. The funding will be used to develop a new consumer web-platform and Android app, add more collection centres in villages, and hire critical manpower in technology, supply chain, and operations departments.

12) Couponhaat founded by Vipin Kumar Yadav: Delhi-based e-commerce company Couponhaat received Pre-Series A funding from a European Investor, Axel Wawrina. The amount of investment remains undisclosed. The funding will help Couponhaat in its expansion plans and team expansion.

Technology Industry

13) Karomi Technology founded by Vilva Natarajan: Chennai-based tech startup, Karomi Technology raised $494K for its flagship product ManageArtworks from early-stage venture fund – Ideaspring Capital. This funding marked Ideaspring’s first seed investment. The company will use the freshly infused funds to aggressively expand into the US market and product development.

14) Tydy founded by Kiran Menon, and Nikhil Gurjer: An employee onboarding and engagement platform Tydy raised $275K in angel funding led by a group of individuals, including existing investor Bhupen Shah, former co-founder of Sling Media. Others who also invested in the firm are Jayesh Parekh, Managing Partner at Jungle Ventures and co-founder of Sony Entertainment in India and Sanjay Sathe, founder of outplacement firm RiseSmart. The startup will utilize the capital for marketing and sales.

15) OhoShop founded by Abhishek Agarwal: Ahmedabad-based OhoShop, a SaaS-based M-commerce enabler raised $1 million funding led by Brand Capital. The startup will deploy the newly raised funding for marketing.

Education Industry

16) NeoStencil founded by Love Beejal and Kush Beejal: Edtech startup NeoStencil secured $1 million in a round from Brand Capital and California-based Paragon Trust. The round also saw participation from 91springboard, M&S Partners founder Hirokazu Mashita, and Jabong co-founder Praveen Sinha. The startup claims to have over 500K students and offers more than 150 courses.

17) Nactus founded by Rohit Dusad: Jaipur-based edtech startup Nactus secured an undisclosed amount from a group of angel investors. The round saw investment led by Sandeep Aggarwal, Managing Director, Nomura; Gautam Chhaochharia, Head of India, Research, UBS; and R Balachandar, joint general manager, ICICI Bank, among others. The startup will deploy the funds to strengthen its product platform and business development, and expand its services to more cities.

Real Estate Industry

18) StayAbode founded by Viral Chhajer and Varun Bhalla: StayAbode, a startup that is building co-living spaces, secured an undisclosed amount of angel funding from a consortium of investors from Ishan Manaktala and Angie Mahtaney. Gaurav Bhalotia (Ex-VP Engineering, Flipkart), Vishal Lulla (CEO, Vishal Exports) and a group of Investors from LetsVenture also participated in the round.

Logistics Industry

19) BlackBuck founded by Chanakya Hridaya, Rajesh Yabaji, and Ramasubramaniam B: Tiger Global-backed logistics startup BlackBuck has received an investment commitment of $30 million in its Series C funding round of funding from a group of new and existing investors, including Sands Capital and World Bank’s arm International Finance Corporation (IFC).

Healthcare Industry

20) Celes Care founded by Raghu Bathina and Dr. Rajah Koppala: Hyderabad-based Celes Care a digital healthcare startup secured $1.5 million in Pre-Series A round of funding from Ventureast, Endiya Partners, Eight Roads Ventures, and F-Prime Capital Partners. Dr. Varaprasad Reddy and other prominent investors also participated in this round. The startup will use the newly raised funds for R&D around telehealth apps and devices, and for outreach to more B2C and B2B customers.

21) IGenetics founded by Arunima Patel, Madhusudan Sharma and Siddharth Patodia: Mumbai-based healthtech startup iGenetic Diagnostics raised $19.5 million in its latest round of funding, from CDC Group Plc, the financial institution run by the UK government, and the Manipal Education and Medical Group (MEMG).

Financial Industry

22) CreditMantri founded by Sudarshan R, Gowri Mukherjee and Ranjit Punja: Digital lending startup CreditMantri raised $7.6 million in its Series B round of funding from Quona Capital. The investment by Quona has been facilitated via its Accion Frontier Inclusion Fund. Elevar Equity, IDG Partners, Accion Venture Lab, and Newid Capital also participated in the round. The raised capital will be utilized to grow its user base, strengthen product proposition and build the team.

The post 22 Indian Startups Making News This Week (27 February – 05 March) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Juno Clinic founded by Davesh Manocha, Anuraag Srivastava, Arun Kumar and Dr. Vishal Sawant: Mumbai-based Juno Clinic secured $1.2 million in Pre-Series A round of funding from Atul Nishar (founder of Hexaware Technologies & Aptech Computers) and other individual investors. The round also saw participation from the family office of Sunita and Neeraj Bhargava (founder of Zodius Capital), Vikas Khemani (President & CEO, Edelweiss Securities Ltd) and other individual investors. The startup will utilize the funds for geographical expansion and enhance the technology backbone of the organization.

2) SummerLabel founded by Apaksh Gupta and Vanya Mishra: Fashion and lifestyle discovery platform Summerlabel raised $150K in a Seed round of funding through multiple angel investors based out of Silicon Valley and India. The startup is looking to invest the funding in building technology infrastructure, expanding its team and build a more robust network of private labels, users and influencers.

3) BookServicing founded by Abhishek Rai: Online car servicing platform BookServicing raised $30K in seed funding from the National Science and Technology Entrepreneurship Development Board (NSTEDB), a government arm that promotes tech enterprises. The funds will be used for developing solutions for optimizing operational inefficiencies in the automotive aftermarket and enhancing the car owning experience for customers.

4) Parentune founded by Pottu Venugopal and Nitin Pandey: the Gurugram-based online community of verified parents and real-time trusted advice, Parentune raised an undisclosed amount of funding from Kae Capital and Singapore-based Segnel Ventures. The raised funds will be used towards building personalized support for parents, with technology, data and intelligence at the centre of Parentune’s scale up. Also, there are plans to launch the network in Hindi and other languages.

5) Property Share founded by Hashim Khan and Kunal Moktan: A Bengaluru-based startup that enables fractional property ownership, Property Share secured an undisclosed amount in a funding round from Japanese asset management firm Asuka, and existing investors Pravega Ventures, and Singapore-based venture capital fund Beenext. The startup plans to spend the funds mainly on technologically upgrading the product and recruitment across areas such as investment, operations and technology.

6) Easter Egg founded by Akshay Ananth, Sandeep Sangli and Arpita Bahuguna: Bengaluru-based Easter Egg a blockchain-enabled, global gifting platform has raised its initial round of funding from Wealthy Ideas. This funding will help them take the products to other geographies as well as hire talent.

7) LetsVenture founded by Shanti Mohan and Sanjay Jha: Former chief product officer at Snapdeal Anand Chandrasekaran invested in Bengaluru-based IndiePitch Solutions Pvt. Ltd, which runs online funding platform LetsVenture. In October 2015, LetsVenture had raised an undisclosed amount in Series A funding from Accel Partners, People Group’s Anupam Mittal, and 16 other investors.

E-commerce Industry

8) Supr Daily founded by Puneet Kumar and Shreyas Nagdawane: Seed investment firm Venture Catalysts has invested an undisclosed amount in habit-forming app Supr Daily. The round was led by Venture Catalysts’ angel investors Apoorv Ranjan Sharma, Anil Jain, Anuj Golecha, Krishna Jhunjhunwala, and Anirudh Damani. Supr Daily, which is currently operational in parts of Mumbai, will utilize the funds to scale up its pan-Mumbai operations in the next six months.

9) IOrderFresh founded by Nitin Sawhney and Abhishek Sharma: Delhi-based online fresh fruits and grocery store, iOrderFresh secured an undisclosed amount of funding from Singapore Angel Network Pte. Ltd. (SGAN), the angel investment arm of Singapore-based Thakral Group of Companies. The startup had earlier raised an undisclosed amount of funding led by Best Foodworks Pvt. Ltd, in August 2015.

Technology Industry

10) Data Resolve founded by Devesh Mittal, Nagarjun Kota, Dipanjan Biswas and Dhruv Khanna: Noida-based cyber-security startup Data Resolve secured $1 million from early-stage fund Parampara Capital. This is Parampara Capital’s first investment; post its announcement of a tie-up with IDFC Alternatives, the private equity arm of IDFC Group.

11) PipeCandy founded by Ashwin Ramasamy and Murali Vivekanandan: Chennai-based PipeCandy, an intelligent sales prospecting platform secured $1.1 million a Seed round of funding from IDG ventures, and Axilor Ventures. Emergent Ventures, Indian Angel Network along with a few more undisclosed startup investors also participated in the round. The startup plans to use the raised funds to deeply verticalize its analytical models and to build tools that make sales representatives follow best practices effortlessly. Also, the goal is to touch 100 paying customers by July 2017.

12) AppBrowzer founded by Sunny Gurnani and Venkatesh Rao: Bengaluru-based Roid Technologies Pvt Ltd, which operates instant mobile app store AppBrowzer raised $500K from Deepak Gurnani, a member of Singapore Angel Network. A group of angel investors also participated in the round. A significant amount of the capital was invested in building and launching the product and forming a team.

13) Lavelle Networks founded by Karthik Madhava and Shyamal Kumar: Early-stage venture fund Ideaspring Capital invested $600K in Lavelle Networks, a startup in the SDN (Software Defined Networking) space. The startup has offices in Bengaluru, Singapore, Dubai, and California.

14) Smartron founded by Mahesh Lingareddy: Hyderabad- and Bengaluru-based smartphone maker Smartron secured an undisclosed amount of funding from Sanjay Jha, CEO of GlobalFoundries, and the global contract manufacturers of semiconductors. The current round of funding has raised the total investment in the company to date to $15 million. Also, the company is further planning to raise another $30 million, primarily for research and development.

Digital Media Industry

15) Zapr founded by Deepak Baid, Sandipan Mondal, and Sajo Mathews: Television broadcast network STAR invested $8 million in Bengaluru-based Zapr Media Labs, against a minority stake. The two companies will work together to create a deep understanding of mobile audiences that can be leveraged by brands to create personalized communication and offers.

Healthcare Industry

16) PeeBuddy founded by Deep Bajaj: Female hygiene product maker PeeBuddy secured $443K Pre-Series A funding led by Indian Angel Network. Sanjay Mehta, Ishan Singh, and Vikas Kuthiala led this round of investment on behalf of Indian Angel Network. It will utilize the newly raised funding to focus on making investments in strengthening its market position as well as creating an innovative product portfolio mix and a strong team.

Logistics Industry

17) Blowhorn founded by Michael Strong, Mithun Srivatsa, and Nikhil Shivaprasad: Online marketplace for last-mile logistics Blowhorn secured $3.75 million in Series A funding from IDG Ventures India, together with the Michael & Susan Dell Foundation and existing investors, Draper Associates, and Unitus Seed Fund. For Tim Draper’s new fund ‘Draper Associates,’ Blowhorn is the first Series A bet in India. The startup plans to use the funds to expand operations to eight cities in the next 24 months, with over 25,000 daily active drivers.

18) Rivigo founded by Deepak Garg and Gazal Kalra: Gurugram-based logistics platform Rivigo secured $15 million in debt finance from undisclosed private sector banks. The startup will deploy the newly raised capitals to increase its fleet and for preparing to introduce new products, including a technology to automate its trucking operations.

Real Estate Industry

19) MagicBricks founded by Kalpana Viswanath: Online real estate portal MagicBricks raised $4.48 million from Times Internet Ltd. The company plans to use the freshly infused funds towards product development, brand building, and marketing initiatives.

Service and Repair Industry

20) PICKmE founded by Praful Wadyalkar and Wilbret D Raj: Mumbai-based PICKmE raised $1.79 million from the SIDBI Venture Capital Fund. SIDBI has bought 30,133 shares at INR 3,982.34 apiece. The gadget insurance and repair services startup will deploy the money for expanding its presence to 50 cities over the next two-quarters.

Agriculture Industry

21) AgroStar founded by Sitanshu Sheth: Pune-based agritech startup AgroStar raised $10 million Series B funding from Accel India. Existing investors IDG Ventures and Aavishkaar also participated in this round. The company will utilize the newly raised funding to solidify its leadership position in the agri-tech space and have a pan-India presence in the next two years. It also plans to build its leadership team and further strengthen its technology and data analytics platform.

Education Industry

22) myCBSEguide founded by Basant Pandey and Vinod Pandey: Delhi-based edtech startup myCBSEguide secured an undisclosed amount in an angel funding round from Rajesh Magow, CEO of MakeMyTrip. The platform aims to deploy the funds for new hiring and enhancing marketing spend and product technology. It aims to increase its employee strength from 18 to 40 in the next four months.

The post 22 Indian Startups Making News This Week (06 March- 12 March) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

E-commerce Industry

1) LatestOne founded by Ameen Khwaja: Hyderabad-based online store for tech accessories, LatestOne secured $3.35 million through a preferential allotment. Florintree led and advised investors in this round of preferential allotment. The investors include Mathew Cyriac (former Co-Head of Blackstone India Private Equity Business), Chidambaram Palaniappan (founder of Florintree), K. Madhavan (Joint Managing Director of Star TV India), and Bharat Sheth (Managing Director of Great Eastern Shipping). Other participants in the round include Ashish Dhawan, founder of Chryscapital apart from another existing investor, Passage to India Master Fund. The startup will utilize the latest funding for investments in additional fulfillment centres, brand building, inventory, building B2B channels and developing the managed market place further.

Consumer Internet Industry

2) m.Paani founded by Akanksha Hazari: Mumbai-based loyalty and marketing startup m.Paani raised $1.35 million in its Pre-Series A round of funding from IDG Ventures, Blume Ventures, and Saha Fund. The company plans to use the funds towards product development, sales, and marketing functions.

3) iReff founded by Nizam Mohideen, Prasanna Hegde, and Rajesh Badgeri: Bengaluru-based iReff got selected for Facebook’s developer-focused programme ‘FbStart’ which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services & credits worth $40,000.

4) Matchbox founded by Jude Pereira: Matchbox, the dating app to match people through music announced its acceptance into Facebook’s FbStart program under the Bootstrap track. With this, the company has also received services worth $40K towards its initial growth phase.

Technology Industry

5) ShilpMIS founded by Hardik Desai: ShilpMIS Technologies Pvt Ltd secured an undisclosed amount of funding via the IvyCamp platform. The investment was from digital industry veteran and investor Mr. Puneet Gupta, Nimitt Desai, partner at Deloitte USA and other HNIs.

6) farMart founded by Mehtab Singh Hans, Alekh Sanghera, and Lokesh Singh: Indian Angel Network (IAN) made an undisclosed investment in Gurugram-based farMart, an agriculture machinery renting platform for the farmers and by the farmers. The investment was from Ambarish Raghuvanshi on behalf of IAN and he has also joined the board of the company. farMart is currently operational in one district and will be expanding to more than 20+ districts in Uttar Pradesh, Uttrakhand, Haryana and Madhya Pradesh.

Healthcare Industry

7) MyDermacy founded by Ankit Khurana: Health startup MyDermacy raised an undisclosed amount of funding from Chinese venture capital firm Cyber Carrier. The investor acquired 15-18% stake in the company. The round also saw participation from MyDermacy’s existing investors. This funding will be deployed towards the expansion of the product offering and leadership hiring.

8) Fitso founded by Naman Sharma, Saurabh Aggarwal and Rahool Sureka: Fitso, a health and fitness app secured $200K of angel funding led by a group of angel investors including Sujeet Kumar (ex-president, Flipkart), Bhupinder (CEO, INtelenet), Yashish Dhaiya (CEO, PolicyBazaar) among others. With this round of funding, Fitso plans to invest extensively in product development, expanding its team, making the app more engaging and easy to use. Additionally, the team has also launched multiple offline training classes for Running, swimming and triathlon in Delhi-NCR and building a team of best coaches to provide personal training.

9) FITNAPP founded by Sagar Verma and Akshay Jhinga: Delhi-NCR based online fitness startup FITNAPP secured an undisclosed amount in Pre-Series A round of funding led by SD Group, a leading name in Real Estate, Education and International trading. The company will deploy the funds for online expansion, increasing the number of associations, partners and marketing. Also, in the next one year FITNAPP plans to infuse funds into technology and roll out new highly personalized fitness management tools for users. The company also plans to scale up its operation and expand into new geographical footprints.

Digital Media Industry

10) POPxo founded by Priyanka Gill and Namrata Bostrom: Kalaari capital backed media startup POPxo, raised $2.7 million in a series-B round led by Japan’s GREE Ventures, along with existing investors Kalaari Capital and IDG Ventures India. The company will capitalize the fresh capital on product enhancement to build new features and different formats for news presentation on the platform.

Finance Industry

11) Property Share founded by Kunal Moktan and Hashim Khan: Bengaluru-based Property Share, raised an undisclosed amount of funding in a round from Japanese asset management firm Asuka, existing investors Pravega Ventures and Singapore-based BEENEXT. The startup will use the recently raised capital for technological upgrade and recruitment across areas such as investment, operations and technology.

Home-service Industry

12) Frapperz founded by Rimjhim Ray and Jyotirmay Kanthal: Frapperz, a community-powered, intuitive digital platform focused on simplifying the home set up and home management processes, raised an angel round of$100K from undisclosed investors. Since its launch in Kolkata, the app has registered 10K+ active downloads and notched up a Gross Transaction Value of $10K per month.

The post 12 Indian Startups Making News This Week (13 March- 19 March) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) MyGlamm founded by Darpan Sanghvi: On-demand beauty services provider MyGlamm secured $5.3 million from French cosmetic giant L’Occitane. The fresh funds will be used for business expansion.

2) Haqdarshak founded by Aniket Doegar and Mayank Garg: Bangalore-based Haqdarshak Empowerment Solutions Pvt. Ltd, a tech-enabled social enterprise, raised $191K in angel funding led by a clutch of investors, including WonderChef managing director Ravi Saxena and former Infosys executive Sandeep Raju.

3) BabyOnBoard founded by Rakesh Shivran and Aditya Kulkarni: Bengaluru-based portal for storing baby milestones and baby pictures BabyOnBoard, raised an undisclosed amount of angel funding led by Gana Yantrika Systems’ Anant Pandit. Other investors who participated in the round include Mahavir Sharma of Rajasthan Angel Investors Network, Vishal Jain, Head of Projects at Honeywell, Rohit Sethi, L&D Head at Arthur D. Little Dubai and Gaurav Luniya of CMS Infosystems.

4) BlackBuck founded by Chanakya Hridaya, Rajesh Yabaji, and Ramasubramaniam B: After raising around $30 million in 2015, Bengaluru-based freight Transportation Company BlackBuck raised $70 million in Series C round of funding led by Sands Capital. Existing investors such as Accel Partners, Tiger Global, Apoletto. and Flipkart also participated in this round. The raised funds will be used to bolster product development and scale its operations.

E-commerce Industry

5) Flipkart founded by Binny Bansal, Sachin Bansal: Indian largest e-commerce platform Flipkart is set to merge with eBay India as part of its fresh funding round of around $2 billion. Flipkart has already raised $1 billion in the recent round of funding which was led by Chines Internet giant Tencent with $500 million followed by Microsoft and eBay.

Technology Industry

6) Airpay founded by Kunal Jhunjhunwala, Amit Kapoor, and Rohan Deshpande: Omni-channel payments platform Airpay raised $3.67 million in Series A round of funding led by Kalaari Capital, Rakesh Jhunjhunwala and Rajesh Jhunjhunwala. The startup plans to infuse the newly raised funds in technology development, building the sales and distribution team, and support infrastructure to rapidly expand its enterprise customer base.

7) MarketsAndMarkets founded by Sandeep Sugla: Pune-based research and consulting firm MarketsandMarkets raised $56 million in a funding round led by FTV Capital and VC firm Zodius Capital. The funds will be deployed for its growth and global expansion in the US and European markets.

8) Bizom founded by Lalit Bhise: Bangalore-based Mobisy Technologies Pvt. Ltd, which operates supply chain automation platform Bizom and mobile marketplace app Distiman, secured $382 K in a bridge round from existing investor Ojas Ventures and two undisclosed angel investors.

Travel Industry

9) ixigo founded by Dharmendra Yashovardhan, Rajnish Kumar, and Aloke Bajpai: Gurugram-based travel search marketplace ixigo raised $15 million in its Series B round of funding from Sequoia Capital and Chinese investment firm Fosun Kinzon Capital Pvt. Ltd. The deal is a mix of compulsorily convertible preference shares and equity shares, signed in January this year and closed on March 17, 2017. The company will utilize the raised funds towards developing its product capability, expansion and marketing purposes.

Logistics Industry

10) Delhivery founded by Mohit Tandon, Sahil Barua, Bhavesh Manglani, Kapil Bharati and Suraj Saharan: Delhi-based e-commerce logistics firm Delhivery secured $100 million funding from US-based investment fund Carlyle Asia Partners, and Tiger Global. With this move, Carlyle Asia Partners IV has picked up a minority stake in the startup. Carlyle Group is a global alternative asset manager with $158 billion of assets under management across 281 investment vehicles as of December 31, 2016.

Healthcare Industry

11) Oxa Medical founded by Shashank Shrivastava: Hyderabad-based healthcare startup, Oxa Medical secured an undisclosed amount in Seed funding from UAE-based Idein Ventures, marking its first investment in the core healthcare industry in India. The company plans to deploy the funds to build its technology stack and expand operations in Hyderabad.

The post 11 Indian Startups Making News This Week (20 March- 26 March) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) DoneThing founded by Sonal Saraogi, Chetan Agarwal, Shivangi Agarwal, Rohit Pansari and Karan Saharan: Delhi-based on-demand personal assistant service DoneThing secured $300K from Brand Capital. The raised funds will be utilized for geographical growth and service expansion.

2) Jhakaas founded by Jeetendra Sanjeeva and Bharat Mandot: Mumbai-based local offline business aggregator Jhakaas raised $154K in an angel round of funding. The list includes Mumbai-based management consultancy firm Stelcore Management Services Pvt. Ltd; Malini Patel, Country Manager, Bloomberg Data Services Pvt. Ltd; CP Sanadhya, director at housing finance company India Shelter Finance Pvt. Ltd; and Anjani Prasad, Managing Director at colour and specialty chemicals company Archroma India. The company will deploy the funds mainly to develop the technology platform and boost merchant awareness.

3) BadiyaJobs founded by Nitesh Verma, Aditya Sriganesh and Manoj Bingi: Delhi-based online recruitment platform Badiyajobs was selected for Facebook’s developer-focussed programme ‘FbStart’ which caters to early-stage, mobile-focussed startups. As part of the programme, the startup will be provided with services & credits worth $40K.

E-commerce Industry

4) BigBasket founded by Hari Menon, V.S. Sudhakar, and Abhinay Choudhari: Bengaluru-based online grocer BigBasket secured $6.9 million venture debt from Trifecta Capital. The capitals will be deployed to meet the CapEx requirements of the company, including setting up new warehouses, strengthening the cold chain, and reprocessing services for fruits & vegetables.

5) Fynd founded by Farooq Adam and Harsh Shah: Mumbai-based ecommerce fashion platform Fynd raised $500K in its Series A round of funding from Venture Catalysts. Investors including Anand Chandrasekaran, Global Director, Platform/Partnerships at Facebook, Rajiv Mehta (CEO of Arvind Sports Lifestyle Limited), and Ramakant Sharma (co-founder of Livspace) have also participated in this round. The startup plans to use the raised funds to enhance its consumer offerings as well as brand strategy.

6) Zapyle founded by Rashi Menda: Bengaluru-based luxury fashion marketplace Zapyle raised an undisclosed amount of funding in a bridge round of funding.

7) Perpule founded by Abhinav Pathak, Saketh BSV and Yogesh Ghaturle: Delhi-based fintech platform Perpule secured $650K in an angel round from Kstart Capital, Venture Highway, and Raghunandan G, co-founder of TaxiForSure. The company plans to use the newly infused funds to expand the current team, scale the product to more cities and retailers, and to boost marketing efforts on the consumer side.

8) Adurcup founded by Kumar Kushang, Harshit Mittal, Abhishek Verma and Nitin Prakash: Delhi/NCR-based online procurement startup Adurcup secured growth capital from strategic corporate investors and well-known family offices. The startup plans to raise a total of $500K and has already closed 65% of the round. The overall plan is to reach 10,000 unique orders a month by the end of this financial year. The company also strategies to launch Adurcup Prime for restaurants, capturing all their procurement needs in one place.

Technology Industry

9) Wigzo founded by Umair Mohammed: Delhi-based machine intelligence-based personalization platform Wigzo raised an undisclosed amount of funding in a round from existing investor, 3one4Capital. The round also saw participation from Aarin Capital Partners, Singapore Angel Network, Advantedge Partners, Rohit Malik of DMA Cap, Arjun Sharma of Select Hospitality, Mohit Gulati of Altius Ventures and Vic Kaul (ex-Executive – VMware).

10) IndusOS founded by Akash Dongre, Rakesh Deshmukh and Sudhir Bangarambandi: Mumbai-based fully indigenous mobile operating system Indus OS secured an undisclosed amount from JSW Ventures, VenturEast, and Omidyar Network. The startup will utilize the raised funds towards product development and hiring new talent. The investment will also be deployed for improving the platform’s language technology to cover more Indian languages.

11) Oriano Solar founded by Sachin Jain, Yeshwant Rao and Sameer Shah: Oriano Solar, a Mumbai-based startup that specialises in turnkey solar solutions, secured $3 million in its Series A round of funding led by Samridhi Fund, which is managed by SIDBI Venture Capital Ltd. The company will utilize the fresh capital to expand its project management and business development teams in addition to establishing offices across India.

12) FalconBrick founded by Gautam Mayur, Sashi Kiran, and Aditya Shankar: Bengaluru-based real estate tech startup FalconBrick raised an undisclosed amount in its seed round of funding from Satveer Thakral of Singapore Angel Network, LetsVenture, and Mumbai Angels. An international venture fund has also participated in the deal. The round also saw participation from Apurva Salarpuria (founder, Salarpuria Sattva Group), Sidharth Pansari (Director, Primarc Group), Abhishek Bhatewara (promoter Family – Rohan Builders), Mridul Upreti (CEO, JLL), and others. The startup plans to deploy the funds to strengthen product, for geographical expansion as well as its customer service/retention operations.

13) Icertis founded by Monish Darda and Samir Bodas: ERP solutions startup Icertis raised $25 million in Series C funding from B Capital Group, Ignition Partners, and Greycroft in partnership with e.ventures and Eight Roads Ventures. The startup will deploy the recent round of funding to accelerate R&D investment in the ICM platform. They also plan to double their staff in Seattle, San Jose, Pune, and Stuttgart and expand geographical footprint with new offices in the US and Europe.

Travel Industry

14) Ithaka founded by Ameya Sahasrabudhe and Rahul Singh: Mumbai-based online travel planning portal  Ithaka secured $325K in a Seed funding round from angel investors based in India, US, and Singapore – including Ankit Gupta (co-founder of Linkedin Pulse), and Puneet Motihar.

Education Industry

15) BYJU’s founded by Byju Raveendran: Edtech Company BYJU’s secured additional funding from Belgian-based diversified investment holding company Verlinvest. As per media reports, the company has raised over $30 million in this round. The capital raise will give a boost to BYJU’S international expansion and acquisition plans.

16) INSOFE founded by Dakshinamurthy V Kolluru: Hyderabad-based professional skills training institute International School of Engineering (INSOFE) secured an undisclosed amount of funding from Kaizen Management Advisors Pvt. Ltd. The startup right now focuses on areas such as big data analytics/data science.

Food & Beverage Industry

17) Licious founded by Abhay Hanjura and Vivek Gupta: Bengaluru-based gourmet meat delivery, Licious secured $10 million in a Series B round from Mayfield India, 3one4 Capital, Sistema Asia Fund, and Neoplux Technology Fund. The raised funds will support the company boost business growth and facilitate expansion plans in markets like Hyderabad and Delhi-NCR.

Healthcare Industry

18) Medinfi founded by Ravi Shankar Mishra and Himani Mishra: Bangalore-based Medinfi Healthcare Pvt. Ltd, a platform to search doctors and hospitals through the Web and mobile app, secured $50K in its seventh round of angel funding from existing investors. The startup will deploy the funds to grow its user base to 5 million by FY18 and expand its presence to 50 cities.

19) Klinic App founded by Sandeep Saraf and Satkam Divya: Gurgaon-based e-diagnostic startup Elite Tech Healthcare Pvt Ltd, which runs Klinic App, secured an undisclosed amount in an angel funding led by Om Chaudhry, the founder of private equity fund Fire Capital, who invested in his personal capacity. The startup will utilize the funds to develop its technology platform and product.

Automotive Industry

20) Emflux Motors founded by Varun Mittal and Ankit Khatry: Bangalore-based Emflux Motors Pvt. Ltd secured an undisclosed amount in seed funding from a group of investors to make what it touts as India’s first electric sports bike. The company will utilize the capitals to develop a high-performance electric motorcycle that will go into sales towards the end of next year.

Sports Industry

21) Rooter founded by Piyush Kumar and Akshat Goel: Chennai-based sports engagement platform Rooter secured an undisclosed amount of funding led by electronic goods and accessories manufacturer Intex Technologies. The startup will use the newly infused capital to strengthen the tech team. The startup is also planning to add more members to the sales and marketing team as well as the content division to bolster vernacular versions of the app.

22) Sports Flashes founded by Raman Raheja: New Delhi-based India Sports Flashes Pvt. Ltd, which operates sports content app Sports Flashes, raised an undisclosed amount in seed funding from Vikas Bajaj, joint managing director, Bajaj Motors Ltd, and Amit Kharbanda (Founder, MyBox Technologies Pvt. Ltd). The company will deploy the funding mainly for marketing and to expand its team and domestic operations.

Logistics Industry

23) Crystal Logistic founded by Akash Agarwal: Kolkata-based complete cold logistics and supply chain service provider Crystal Logistic Cool Chain Ltd secured their first private equity funding of $10 million from Neev Fund. The raised funds will be deployed in expanding the company’s infrastructure and warehousing capacity by building sophisticated cold chain distribution hubs across India.

The post 23 Indian Startups Making News This Week (27 March- 02 April) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) CASHe founded by V. Raman Kumar: Aeries Financial Technologies Pvt. Ltd, that owns the app-only lending platform CASHe, secured $3.8 million Series A round of funding from an investor group from Mathew Cyriac. The startup will deploy the funding to increase CASHe’s scale of business.

2) SmartCoin founded by Rohit Garg: Mumbai-based Unicorn India Ventures along with a hold of angel investors, invested an undisclosed amount in Bengaluru-based microlending platform SmartCoin. The startup will utilized the raised funds to expand its product portfolio, reach out to newer customer segments, upgrade technology platform, and scale its operations.

3) Mech Mocha founded by Mohit Rangaraju and Arpita Kapoor: Bangalore-based mobile gaming company Mech Mocha Game Studios Pvt. Ltd secured $3.8 million in its Series A round from venture capital firms Accel Partners and China’s Shunwei Capital.

4) Startup Buddy founded by Manish Aggarwal and Amit Singal: Cricketer Yuvraj Singh’s startup investment fund YouWeCan Ventures invested an undisclosed amount in Gurugram-based Startup Buddy. With this move, Yuvraj will join the company’s Board. The startup aims to offer support to early-stage entrepreneurial ventures.

E-commerce Industry

5) PharmEasy founded by Mikhil Innani and Dharmil Sheth: Mumbai-based Pharma Company PharmEasy secured $16 million in a Series B round from Bessemer Venture Partners and Orios Venture Partners. With the freshly raised fund the startup aims to expand its geographical presence in India and also seeks to penetrate further into its existing markets to strengthen the category leadership position.

Education Industry

6) Eruditus founded by Chaitanya Kalipatnapu and Ashwin Damera: Edtech startup Eruditus Executive Education raised $8.16 million in a Series B round from Bertelsmann India Investments. The raised funds will be deployed to add new programmes, university partners and to expand geographical presence to China, Latin America, and Europe.

7) Testbook founded by Ashutosh Kumar, Abhishek Sagar, Narendra Agrawal and Manoj Munna: Mumbai-based edtech startup Testbook secured an undisclosed amount in its Series A round of funding from Matrix Partners India. The startup will utilize the funds for geographical expansion and product growth.

8) GrowthEX founded by Varun Saxena: Gurugram-based online counseling platform GrowthEX raised an undisclosed amount of funding from a group of angel investors. It is a global company with paying users in countries like Singapore, Qatar, Brazil and Nigeria, apart from India. Raised funds will be utilized to scale up the number of experts and programs on the platform, enhance technology, and multifold increase the community engagement initiatives.

Technology Industry

9) Tyre Express founded by Dinesh Wakale and Brijesh Shukla: Mumbai-based enterprise IoT solutions startup Tyre Express secured an undisclosed amount of angel funding led by Rohitash Gupta, the CFO of a BSE-listed knowledge process outsourcing company. Earlier, in January 2017, the startup also raised an undisclosed amount of funding from New York-based HNIs, facilitated by IvyCamp Ventures.

10) Whatfix founded by Khadim Batti and Varakumar NMPK: Bengaluru-based Whatfix secured $3.69 million in its Series A round of funding from Stellaris Venture Partners, Helion Venture Partners, and Powerhouse Ventures. Gokul Rajaram, Girish Mathrubootham (CEO of Freshdesk), Aneesh Reddy (co-founder of Capillary Technologies), and Vispi Daver also participated in the round. Post this round, Stellaris Venture Partners’ Alok Goyal will join the Whatfix Board. The company plans to deploy capitals to strengthen its US presence and invest further in R&D and technology.

11) DataWeave founded by Karthik Ramesh and Vikranth Ramanolla: Japanese adtech company, FreakOut Group, acquired a minority stake in the Bengaluru- and Singapore-based data analytics startup DataWeave for an undisclosed amount of funding led by Blume Ventures, Herb Madan, WaterBridge Ventures and undisclosed VC firms based in India and Singapore. The company will use the raised funds to expand its sales, marketing, and customer success initiatives, focusing on North America. The company will also invest in scaling its data products.

12) Twenty Two Motors founded by Parveen Kharb and Vijay Chandrawat: An electric vehicle (EV) startup Twenty Two Motors secured $1.6 million in pre-Series A round of funding led by Ishwar Singh, CEO, Haryana Industries, and saw participation from Farhaan Shabbir, former director of Harley-Davidson. The company will utilize the funds to develop and test its prototype, hire across verticals and set up its factory.

13) Engazify founded by Siddharth Shekhawat: Pune-based bot and AI technology-driven startup Engazify secured an undisclosed amount of angel funding led by a Silicon Valley-based HNI angel investor, Vaibhav Domkundwar. Engazify runs a performance management bot which helps managers and HR make sense of their employee performance data and gather actionable insights and useful trends.

14) Nanosniff founded by Kapil Bardeja and Anil Gudibande: IIT Bombay incubated startup Nanosniff Technologies secured $300K led by 1Crowd. Nanosniff is a deep technology company working on high impact offerings in the MEMS domain with applications in healthcare and security markets.

15) Artivatic founded by Layak Singh and Puneet Tandon: Bengaluru-based enterprise AI startup Artivatic secured an undisclosed amount of angel funding round from Singapore-based angel investor Rahul Sood. The funding will be used for building proprietaries algorithms and technologies and sales growth.

Healthcare Industry

16) Health Care At Home founded by Vivek Srivastava: Noida-based home healthcare services provider Health Care At Home India Pvt. Ltd secured $40 million from healthcare-focused private equity firm Quadria Capital Advisors Pvt Ltd. The company will utilize the capital to fund its expansion to new cities, including Bangalore, Hyderabad and Kolkata.

17) Konsult App founded by Anshul Mittal: Delhi-based healthcare tele-consultation platform Konsult App secured $500K from a group of angel investors from the US, UK, Netherlands and Australia. The funding was raised in two tranches, from Koen Bouwers, a Board Member at flying car company Terrafugia; Lomesh Agarwal of Magic Leap; Jeroen Mensen of Credit Suisse Investments and Pablo van den Bosch, a board member at Madaster foundation.

18) Medwell Ventures founded by Himanshu Shah and Lalit Pai: Bengaluru-based home health care services provider MedWell Ventures secured $21 million in its Series B round of funding from Mahindra Partners, Eight Roads Ventures, and F-Prime Capital Partners. The company will use the raised funds towards expansion in NCR, Chennai, and Eastern India and for team expansion as well.

19) QorQI founded by Sanjay Singh: Digital payments and commerce platform Paytm has invested an undisclosed amount in an online healthcare startup, QorQI. It plans to expand further to tier II cities across the country.

Food & Beverage Industry

20) WayCool founded by Karthik Jayaraman, Sanjay Dasari, Vignesh Kumar Manogaran and Sendhil Kumar Natarajan: Chennai-based fresh produce distribution startup WayCool secured $2.7 million from early-stage venture capital firm Aspada Investments. The startup will utilize the funding for technological upgradations and to expand to Bengaluru and Hyderabad.

21) Fingerlix founded by Shree Bharambe: Mumbai-based foodtech startup Fingerlix raised $3 million Series A funding from Zephyr Peacock. The startup will deploy the fresh capital to strengthen its growth trajectory and to further intensify its operations in Mumbai, expand into new geographies of Pune and Bengaluru.

22) Wonderchef founded by Ravi Saxena and Sanjeev Kapoor: Sanjeev Kapoor’s online store for kitchen products, Wonderchef received an undisclosed investment from French group Labruyere Eberlé. The newly infused funds will be used towards setting up a manufacturing unit in India and for opening the brand’s exclusive retail outlets in India.

23) Cutting Chai founded by Aditya Sriganesh and Nitesh Verma: Mumbai-based wireless technology startup Cutting Chai Technologies was selected for Facebook’s developer-focussed programme ‘FbStart’ which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services & credits worth $40K.

Financial Industry

24) Perfios founded by V.R. Govindarajan: Bengaluru-based fintech firm Perfios raised $6.1 million in its Series A round of funding led by Bessemer Venture Partners. This is Bessemer’s first deal in a pure play fintech platform. The raised funds will be utilized for team strengthening, international expansion to the UAE and Southeast Asia and potential acquisitions.

25) Credit Sudhaar founded by Gaurav wadhwani and Arun Ramamurthy: Mumbai-based fintech firm Credit Sudhaar secured an undisclosed amount of funding from Deepak Kulkarni and Sandeep Pangal. The company will deploy the raised funds to build a platform, to help them raise a $25 million funding round.

Logistics Industry

26) ElasticRun founded by Shitiz Bansal, Saurabh Nigam and Sandeep Deshmukh: Kalaari Capital and Norwest Venture Partners led a $7 million funding round in ElasticRun, a Pune-based stealth startup. The startup will use the funding to further build technology infrastructure, on-board talent, and expand operations.

27) Trukky founded Saswat Sahu and Subhasish Das: Intercity logistics marketplace Trukky raised $500K in a pre-Series A round of funding led by existing as well as new angel investors. The company will utilize the fresh fund on consumer acquisition, besides expanding its services to more Indian cities.

28) Fastfox founded by Anshul Gupta and Pallav Pandey: Delhi-based B2C home rental firm Fastfox (earlier known as Professional Brokers) raised $4.6 million led by Lightspeed India Partners, Blume Ventures, CyberAgent Ventures and others in a Series A funding round. The raised funds will be utilized to improve its technology, service delivery model and team expansion across engineering, sales, and operations.

Hospitality Industry

29) RedDoorz founded by Amit Saberwal and Asheesh Saxena: Online budget hotel brand and booking platform RedDoorz raised $1 million venture debt in an extended Series A round from InnoVen Capital, Asia Investment Fund of Susquehanna International Group (SIG), International Finance Corporation (IFC), and Jungle Ventures.  Jungle Ventures had earlier invested in the company’s Pre-Series A round along with 500 Startups in 2015.

The post 29 Indian Startups Making News This Week (02 April – 09 April) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Capital Float founded by Gaurav Hinduja and Sashank Rishyasringa: Bengaluru-based online lending platform for SMEs Capital Float secured $2.3 million led by Mahindra and Mahindra Financial Services. The funds have been raised against the allotment of non-convertible debentures (NCDs).

2) HackerEarth founded by Sachin Gupta and Vivek Prakash: Bengaluru-based professional talent management startup HackerEarth secured $4.5 million in an equity financing round from US-based DHI Group Inc. along with BEENEXT, BEENOS, Digital Garage, BizReach, and Prime Venture Partners also participating in the round. The startup will deploy the raised funds to strengthen product team and for international expansion.

3) Lendingkart Group founded by Harshvardhan Lunia and Mukul Sachan: Ahmedabad-headquartered fintech startup Lendingkart Group secured $4.65 million in the form of non-convertible debentures from alternative asset management firm Anicut Capital. The company will utilize the freshly raised capital to strengthen lending operations of its subsidiary NBFC, Lendingkart Finance Limited.

E-commerce Industry

4) Ninjacart founded by Thirukumaran Nagarajan, Vasudevan Chinnathambi, Kartheeswaran K K, Sachin Jose and Sharath Loganathan: Bengaluru-based B2B agri-marketing platform Ninjacart raised $5.5 million led by Accel Partners, Nandan Nilekani’s NRJN Trust, Mistletoe, Qualcomm Ventures, and M&S Partners. The startup will use the newly raised funding to expand its team and invest in supply chain automation, technology and data science.

5) Clovia founded by Neha Kant, Pankaj Vermani, Suman Choudhry: Noida-based online lingerie retailer Clovia secured $4 million in an extended Series A funding round led by Singularity Ventures and former BCCL CEO Ravi Dhariwal. The raised funds will be deployed for marketing, expanding sales channels, and to boost product and technology development.

6) SafetyKart founded by Vikas Bagaria: Gurugram-based Redcliffe Capital invested an undisclosed amount in SafetyKart Retail against a 10% stake and its private label brand and product PeeSafe. With this deal, PeeSafe has also been moved to a newly founded entity Redcliffe Hygiene Pvt. Ltd.

Technology Industry

7) Omnify founded by Manik Mehta and Kabandi Saikia: Bengaluru- and California-based SaaS platform for SMEs, Omnify raised $150K from Rajan Anandan (VP, Southeast Asia and India, Google), L.D Sharma (CEO, Shoogloo Group and MD, Optimise Media Group, India), and Saurabh Arora (founder and CEO, Airwoot). The round also saw participation from a few investors via LetsVenture’s platform. The startup will use the infused funds to develop its technology for small businesses.

8) MergerWare founded by Dharmendra Singh: Software solutions provider for post-merger and acquisition integration MergerWare secured $100K from Philippe Bouchet, former Vice President at Schneider Electric. The company will utilize the new capital for global expansion plans.

9) Squad founded by Apurv Agrawal, Kanika Jain and Vikas Gulati: Delhi-based Squad (earlier known as SquadRun) raised $2.1 million funding led by Blume Ventures, Contrarian Capital, 91springboard, Emergent Ventures, Abstract Ventures, Anthill Ventures, Axilor Ventures, angel investors Gokul Rajaram (Product Engineering Lead at Square) and Shamik Sharma (Senior Technology Advisor at Myntra). The funds will be utilized to expand its technology, product, and data teams in India and the sales team in the US.

Logistics Industry

10) Emiza Inc founded by Ajay Rao and Rajesh Sharma: Supply chain management and logistics startup Emiza Inc raised $4.5 million in a funding round from US-based VC firm Mayfield. The round also saw participation from Nishant Rao, Global COO at Freshdesk & Chairman, IAMAI and Dileep Nath, MD Aaroha Pte. Ltd. The investment has been facilitated by Mayfield’s India- focussed fund, Mayfield India II. The infused funds will be used by the startup to enhance its technological base and acquire talent for its senior leadership team.

Food & Beverage Industry

11) Kiji Foods founded by Vaibhav Sinha: Bengaluru-based, tech-driven FMCG startup Kiji Foods secured an angel round of $470K from HealthcareMagic co-founders Kunal Sinha and Shekhar Sahu. The startup has launched its first product ‘Fit-0-slim’ in the market six months ago.

12) TinMen founded by Mukesh Manda: Hyderabad-based food delivery startup TinMen secured an undisclosed amount of funding from MAPE Advisory Group, Sify co-founder R Ramaraj and Corvus Ventures along with existing investors. The startup will deploy the funds for marketing, team-building, and expansion to other cities.

Sports Industry

13) SportsFlashes founded by Raman Raheja: Delhi-based sports content app Sports Flashes raised an undisclosed amount of seed funding from Sushil Kumar, the wrestler and Olympic medalist and Sandeep Singh of Global Edusports Ventures. The startup will utilize the funds for marketing and expansion of operations.

Travel Industry

14) ScoutMyTrip founded by Deepak Ananth and Vineet Rajan: ScoutMyTrip Pvt. Ltd, which runs road-trip planning startup ScoutMyTrip, secured an undisclosed amount in seed funding from co-working space and accelerator Z Nation Lab. The startup will deploy the funds to expand the team and develop sales and marketing strategies.

15) WeAreHolidays founded by Deepak Wadhwa, Harkirat Singh and Mohit Piplani: NCR-based holiday planning startup WeAreHolidays raised $7.7 million in its Series B round of funding from Urrshila Kerkar, founder and promoter of Cox & Kings, against 50% stake in the company. The funding will be deployed to relaunch WeAreHolidays’ app on the Android and iOS and to develop the company’s social media-driven approach to travel.

Education Industry

16) Simulanis founded by Raman Talwar: Delhi-based e-learning and skills development startup Simulanis raised an undisclosed amount of funding from Village Capital. A consortium of angel investors including Pawanjit Ahluwalia (Chairman, India Skills), Apurva Chamaria (VP and Head – Corporate Marketing, HCL Technologies) and Mridul Upreti (CEO, Segregated Funds Group – Jones Lang LaSalle) also contributed in the current funding round. The company will use the raised funds to expand its sales team in the pharma and automotive sector while exploring other domains such as industrial goods.

The post 16 Indian Startups Making News This Week (10 April – 16 April) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Be U Salons founded by Vikas Johari: Delhi-based chain of standardized salons, Be U Salons raised $619K in its Seed round of funding from a clutch of investors from UAE, Singapore, and India. The infused funds will be utilized to strengthen Be U’s position in North India, strengthen the back-end operations and tech infrastructure of the company, acquire core talent, and marketing.

2) Videoken founded by Manish Gupta: New Jersey- and Bengaluru-based VideoKen Inc secured $1 million in an angel funding round from Flipkart’s CTO, Ravi Garikipati; former Product Head Surot Chatterjee; former Engineering Head Ashish Agrawal; Chairman of Sutures India, LG Chandrasekhar; and partner at US-based SRI Capital LLC, Sashi Reddi. The raised funds will be deployed to improve artificial intelligence capabilities of the platform and enhance sales and marketing efforts.

E-commerce Industry

3) Wooplr founded by Soumen Sarkar, Praveen Rajaretnam, Ankit Sabharwal, and Arjun Zacharia:  Bengaluru-based fashion commerce platform Wooplr raised an undisclosed amount of funding from Ankit Nagori, Ex-CBO Flipkart, and co-Founder CureFit. He also joined as a full-time Board member at Wooplr.

Technology Industry

4) Innefu Labs founded by Tarun Wig and Abhishek Sharma: Delhi-based artificial intelligence startup Innefu Labs raised $2 million in its Series A round of funding led by IndiaNivesh Venture Capital Fund. With this move, IndiaNivesh will also acquire a minority stake in the company. The startup will mainly use the funds to increase its AI platform for predictive intelligence and facial biometrics.

5) Whodat founded by Sriram Ganesh and Kaushik Das: Bengaluru-based augmented reality startup Whodat secured $600K in its latest round of funding from an early-stage venture fund, Ideaspring Capital. Whodat was formerly a part of Target Accelerator.

6) Absentia founded by Shubham Mishra: Bengaluru-based AI and virtual reality startup Absentia VR secured $1.2 million in its Pre-Series A round of funding led by Exfinity Venture Partners, TV Mohandas Pai, Deepak Ghaisas, Girish Paranjpe, and V Balakrishnan. The startup will use the funds to build its new offering, Norah AI, an artificial intelligence-driven solution.

7) IoTrek founded by Vishwakarma, Kamran Alam and Prerak Ujgare: Delhi-based IoTrek Technology Pvt. Ltd, which provides industrial Internet of Things (IoT) solutions for telecommunications, energy and solar grid management, raised $154K in seed funding from a consumer goods maker.  The startup will use the funds to develop its product, build the team, and scale up operations.

8) ASADEL founded by Partha Guha Patra: Video analytics and enterprise safety company ASADEL Technologies Pvt. Ltd secured an undisclosed amount from Dheeraj Jain, managing partner at venture capital firm Redcliffe Capital, in exchange for a 10% stake. The startup provides an enhanced safety and security platform and an advanced video and image enhancement solution.

Education Industry

9) Myly founded by Gaurav Mundra: Jaipur-based Edu Commerce Technologies Pvt Ltd, which runs mobile-based education startup Myly, raised $3.1 million from Small Industries Development Bank of India. The fresh capital will be used to scale up the business and achieve profitability.

Travel Industry

10) Ola cab founded by Bhavish Aggarwal: Cab-hailing firm Ola has decided to raise $250 million from existing shareholders, as it seeks to complaint up its finances to take on growing competition from US rival Uber Technologies Inc.

Healthcare Industry

11) Credihealth founded by Gaurav Gaggar and Saurabh Uboweja: Gurugram-based medical assistance company Credihealth raised $1.5 million in a Pre-Series A funding round from Tolaram Inc., Mountain Pine Capital, Bala Swaminathan, ex-KPMG Partner and one of the earliest investors in the platform. The funding will primarily be used to augment technology and infrastructure to expand services and introduce new products. Also, Credihealth aims to expand operations and fund new services to address the non-clinical pain points of patients.

12) Navia Life Care founded by Kunal Kishore Dhawan: Delhi-based health tech startup Navia Life Care raised an undisclosed amount of seed funding round led by Benori Ventures LLP. The raised funds will be used for technology and business development.

Food & Beverage Industry

13) Raw Pressery founded by Anuj Rakyan: Mumbai-based Rakyan Beverages, the parent firm behind packed juice brand Raw Pressery raised $543K funding from Bollywood’s Jacqueline Fernandez. The new funding pegs the company’s valuation at around $18.6 million. With the raised funds, Rakyan plans to improve upon the company’s manufacturing and marketing segments.

14) Snackible founded by Aditya Sanghavi: Mumbai-based health snacks seller Snackible secured $175K in an angel funding round from Nibhrant Shah, founder of Isprava and Themis; Anandbir Singh, founder of Anandini Financial Services; Anirudh Sheth, founder of Wealth Whispers; Pratik Singhi, CEO of Lakshya Consulting; Jitendra Mahnot, CEO of Startech Engineers India; and Mastercard executives Vikram Mehta and Murali Nair. The raised funds will be deployed for expanding operations in India and abroad as well as marketing and hiring across verticals.

15) Holachef founded by Anil Gelra and Saurabh Saxena: Mumbai-based food tech startup Holachef secured $5 million in its extended Series B round of funding from Kalaari Capital, SIDBI Venture Capital and India Quotient. The round was completed in two tranches – in April 2016 and October 2016, and values the startup at around $22 million. The fresh funds will be utilized to strengthen its logistics and in opening its first customer-facing offline kiosk in Mumbai.

The post 15 Indian Startups Making News This Week (17 April – 23 April) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) The Office Pass founded by Aditya Verma, Nikhil Madan and Sachin Gaur: Gurugram-based coworking platform The Office Pass secured $245K in a Seed funding round from a consortium of individual investors from Arun Tadanki, former managing director of Yahoo Southeast Asia and India. The company will deploy the new capital to enhance its platform and hire technology and product talent.

2) UrbanClap founded by Varun Khaitan, Raghav Chandra and Abhiraj Bhal: Gurugram-based mobile services marketplace UrbanClap secured $3.1 million in venture debt led by Trifecta Capital through non-convertible debentures. UrbanClap has also assigned equity through compulsory convertible preference shares to Trifecta for $310K.

3) Awfis founded by Amit Ramani: Collaborative coworking space provider Awfis secured $20 million from Sequoia India. The startup plans to utilize the funds to grow its network of centers, launch new products/services, and further enhance the existing technology platform.

4) Howdy Ventures founded by Sushant Kumar Choudhury and Sudhakar Raja: Chennai-based Howdy Ventures Pvt. Ltd secured $1.5 million at a $3 million valuation, from S. Xavier Britto, the Chairman of Kerry Indev Logistics, against a 50% equity stake. Britto has been hired as the Chairman of the Board of Howdy Ventures, along with former Deputy Auditor General of India, S. Sathyamoorthy. With this funding, the company also announced the launch of a social event and messaging app ‘HowdyDo’.

E-commerce Industry

5) StalkBuyLove founded by Tushar Ahluwalia and Nishrit Srivastva: New Delhi-based online fashion brand StalkBuyLove secured $1 million venture debt from Trifecta Capital. The startup will deploy the recently raised funding to strengthen its supply chain technology and expand the team. The brand claims to have sold 65,000 garments in April 2017.

Technology Industry

6) Flytxt founded by Vinod Vasudevan: Customer data analytics Software Company Flytxt raised $11 million funding from DAH Beteiligungs GmbH, a company related to the Hopp family office. The company plans to invest the newly raised fund for software product R&D and to expand to other verticals.

7) Autobix founded by Adhikar Babu, Pranav Anand and Karan Talwar: Auto dealership and workshop management platform Autobix raised an undisclosed amount of Seed funding from UK-based auto parts maker GardX International Ltd, against a 25% stake. The firm will utilize the funds to scale up its back-end, upgrade its network, cloud, and server, and to focus on research and development.

8) Oddup founded by James Giancotti: Hong Kong-based startup focussed research platform Oddup raised $6 million in its Series A round of funding led by Brand Capital, 500 Startups, Click Ventures, Moneta Ventures, and White Capital. With the freshly infused funds, the startup aims to expand into India and complete its expansion throughout Asia.

9) Mech Mocha founded by Mohit Rangaraju and Arpita Kapoor: Bengaluru-based mobile gaming startup Mech Mocha raised $5 million in Series A round of funding from Accel partners, Shunwei Capital, and Blume Ventures. The startup will deploy the raised funds to develop and launch new mobile-gaming titles across the casual and mid-core gaming categories, targeted at the Indian audience.

10) iSos Inc founded by Anil Rana, Gourav Arora, Meenakshi Sharma, and Paras Guglani: Punjab-based computer software startup iSos Inc raised $5 million led by Portland-based serial Tech-Entrepreneur, Nitin Khanna. iSos is into developing productivity enhancement solutions like smart attendance, real-time tracking, and monitoring inventory management, cashless transactions, security management etc.

11) Sienna founded by Javed Tapia: Fintech platform Sienna raised an undisclosed amount of funding led by Warburg Pincus-backed NBFC Capital First Ltd, against a 10% stake. It is a cash and stock deal where 8% has been kept as equity while $665K has been given in cash against the remaining 2% stake.

Food & Beverage Industry

12) Faasos founded by Jaydeep Barman and Kallol Banerjee: Pune-based online food delivery startup Faasos raised $6.4 million funding in an extended Series C round from Lightbox Ventures II, Lightbox Expansion Fund, Sequoia Capital India, RuNet South Asia, and RB Investments. So far, the company has raised a total of $64.6 million in six rounds of funding.

13) Scootsy founded by Rishi Khiani, Sandeep Das, Sanjay Ghai and Sunil Saraf: Mumbai-headquartered discovery and delivery service provider Scootsy secured a $3.6 million Pre-Series A round from Agnus Capital, Khattar Holdings, and AntFarm. With the new round of funding, Scootsy plans to work on strengthening logistics technologies and its delivery platform as well as also add Scootsy Express, a service that will deliver food to corporate offices across the city.

Hotel Industry

14) OYO Room founded by Ritesh Agarwal: Gurgaon-based Hotel aggregator OYO Rooms, which is operated by Oravel Stays Pvt. Ltd is closing a $250 million fundraising round led by existing investor SoftBank Group, after which it will be valued at $850 million.

Education Industry

15) Toppr founded by Zishaan Hayath: Mumbai-based edtech startup Toppr secured an external round of $336K in a bridge round of funding led by Mauritius-based WTGG International Ltd, and an individual named Nitin Gupta. The funding took place in September last year as per the filings with the Registrar of Companies.

16) eShiksha founded by Pravin Sharma: Jaipur-based edtech platform eShiksa secured an undisclosed amount in an extended Seed funding round led by Cross Border Angels & Experts and Rajasthan Angel Innovators Network chairman and co-founder Mahavir Pratap Sharma.

17) iNurture founded by Ashwin Ajila: Higher education solutions provider iNurture Education Solutions secured $1.5 million venture debt from non-banking financial company BlackSoil Capital Pvt. Ltd. The latest funds will be used by the Bangalore-based company to meet its working capital requirements and focus on current and new business initiatives.

Healthcare Industry

18) Niramai founded by Dr. Geetha Manjunath and Nidhi Mathur: Bengaluru-based AI startup Niramai Health Analytix secured an undisclosed amount of funding in an angel round from pi Ventures, Ankur Capital, Axilor Ventures, 500 Startups, and Flipkart co-founder Binny Bansal. This investment will help the Niramai team to strengthen the IP portfolio, expand operations, and ensure their cancer screening tool is freely available for commercial use.

19) Myra founded by Faizan Aziz and Anirudh S Coontoor: Bengaluru-based online pharmacy startup Myra secured an undisclosed amount in extended Series A round of funding led by Times Internet and existing investor Matrix Partners. With the newly raised funds, the company is planning to extend its footprint to two more metro cities.

20) Sepalika founded by Sharda Agarwal and Mahesh Jayaraman: Mumbai-based health content platform Sepalika secured $750K in a Seed funding round led by Accel Partners. The startup aims to use the fresh capital for further building on its research-based content and strengthening its core proposition in the key market of USA.

Travel Industry

21) ZipGo founded by Pritesh Gupta, Gaurav Agarwal, Neeraj Paliwal and Jitender Sharma: Bengaluru-based bus pooling app ZipGo secured an undisclosed amount of funding from a pool of existing and new investors in a Series A round.

Finance Industry

22) Mintwalk founded by Nikhil Banerjee and Shiv Nandan Negi: Mumbai-based MintWalk, a fintech robo-advisory platform secured an undisclosed amount of funding from Shachindra Nath, ex–Group CEO of Religare Enterprises, through Poshika, his investment, and mentoring vehicle. With this deal, he also comes aboard MintWalk as Chief Mentor.

Digital Media Industry

23) POPxo founded by Priyanka Gill and Namrata Bostrom: Delhi-based online media network for women, POPxo raised $3.1 million funding round from existing investors Kalaari Capital and IDG Ventures India. Japan’s GREE Ventures, Summit Media (Philippines), Atul Goel, and Gurpreet Singh also participated in this round of funding. The investment will be utilized to develop tools on the product/technology front that will make it easier for the company’s female-centric user base to interact, engage, find what they are looking for and shop for the same.

Home Service Industry

24) Frapperz founded by Rimjhim Ray and Jyotirmay Kanthal: Kolkata-based home services startup Frapperz is likely to close a $400K from Australian healthcare entrepreneur, Shiva Gunapu and Hyderabad-based high net worth individual Sirish Tarumani along with its co-founders, Jyotirmay Kanthal and Rimjhim Ray. The startup will utilize the funds to strengthen its technology backbone and expand operations.

The post 24 Indian Startups Making News This Week (24 April – 30 April) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Power2SME founded by R. Narayan: International Finance Corporation, the private-sector investment arm of the World Bank, will invest up to $10 million in Gurgaon-based BEBB India Pvt Ltd, which runs Power2SME, an online buying hub for small and medium enterprises (SMEs).

2) ZippServe founded by Sudeep Anandapuram and Debashish Hota: India’s First online platform that provides risk assessment services for real estate investments, ZippServe raised $390K from a group of investors. The startup plans to use the raised funds to expand its services in Stay Fit Enterprise to increase its presence in commercial, industrial, and agricultural real estate.

3) i-Lend founded by Shankar VVSSB, Mukesh Kothari, and Niti Gupta: Hyderabad-based P2P lending startup i-lend raised an undisclosed amount in a Pre-Series A round from 50K Ventures. The startup will utilized the funds to strengthen its tech infrastructure and marketing efforts.

Technology Industry

4) Innovapptive founded by Sundeep Ravande and Hari Kamineni: US-based enterprise software startup Innovapptive raised $1.5 million from Hyderabad Angels. Post-investment, Kishore Ganji from Hyderabad Angels will join Innovapptive’s Board of Directors. The startup will use the raised funds towards scaling its sales and marketing efforts, product innovation, and increasing customer base.

5) Sumeru founded by Rekha Pillay Yadav: Bengaluru-based banking software startup Sumeru secured $1 million in angel funding from high-net-worth individuals. The company will deploy the funds to develop the product, grow its business and build a global distribution network.

6) UActiv founded by Atish Chhabria and Bhavik Mehta: App-based social networking and discovery platform for sports enthusiasts UActive raised an undisclosed amount in a Seed round from the Hinduja family. The capital will be utilized to upgrade the technology platform and scaling up the sales and support teams.

7) Balance Technology founded by Ankit Kumar and Abhishek Malik: Bengaluru-based fintech startup Balance Technology raised $233K from Rainmatter. The startup will use the funds for hiring talent and develop marketing strategies.

Travel Industry

8) Ola founded by Bhavish Aggarwal: Bengaluru-based cab aggregator Ola further raised $104.4 million in Series I round of funding from US-based hedge fund Falcon Edge Capital and Ratan Tata’s RNT Capital.

9) Deyor Camps founded by Chirag Gupta, Aakaar Gandhi, Himashu Aggarwal, and Gautam Yadav: Gurugram-based adventure travel startup Deyor Camps secured an undisclosed amount in a Pre-series A round of funding round from Venture Catalysts’ Dheeraj Jain, Japanese VC firm ReApra Ventures, and Dr. Ritesh Malik. The startup will use the funds for team expansion, tech integration, and to support its marketing activities.

Logistics Industry

10) 4tigo founded by Vivek Malhotra and Anjani Mandal: Bengaluru-based truck network platform 4tigo Network Logistics secured $10 million in Series A round of funding led by existing investors Accel Partners and Infosys co-founder Nandan Nilekani. The startup will use the funds raised to expand its current network of trucks and invest in building its core technology product.

Healthcare Industry

11) Healthians founded by Deepak Sahni: Diagnostic and wellness startup Healthians secured an undisclosed amount of funding in a bridge round from Japanese asset management firm Asuka Holdings. The startup plans to achieve complete profitability in the next 12-18 months.

12) HealthMir founded by Rohit Gupta and Gitesh Gupta: Artificial intelligence-driven health content startup HealthMir secured an undisclosed amount in seed funding from angel investor and insurance industry veteran Nimit Panigrahi. With the new fund, the company plans to expand its operations to six more cities in the coming 18 months. It will also make the content on its app available in multiple languages.

13) Good Methods founded by Arjun Satheesh: Kerala-based health startup Good Methods Global Inc. (GMG) raised an undisclosed in Series A round of funding led by Accel Partners. With this round, the company has raised a total of $9 million.

14) ONTHERUN founded by Shilpa Phadke: Actor and fitness icon Milind Soman made an undisclosed share in Stayfit Enterprize Pvt Ltd – a natural health food startup that makes food products under the brand name ONTHERUN. He will also be the brand ambassador of the brand going forward.

Finance Industry

15) SMEcorner founded by Samir Bhatia and Sneha Shah: Mumbai-based digital lending platform SMEcorner raised a bridge round of funding from a Dutch government fund.

Sports Industry

16) Ace2Three founded by Anuj Gupta: Hyderabad-based game development company Head InfoTech India Pvt Ltd, which operates online gaming firm Ace2Three secured $73.7 million in a fresh round of funding from Canadian private equity firm Clairvest Group. The company will deploy the funds to develop other gaming products within social gaming, which will be launched outside India.

The post 16 Indian Startups Making News This Week (01 May- 07 May) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Ace Turtle founded by Berry Singh and Nitin Chhabra: Bengaluru-based omnichannel platform Ace Turtle secured $5 million in Series A funding led by Vertex Ventures and C31 Ventures. The startup will deploy the newly raised funds to build its leadership team, augment the technology platform, and work toward an aggressive expansion of its customer base in India and overseas.

2) Fourth Ambit founded by Jikku Jolly, Shyam Menon, Ruby Peethambaran, and Rahul Das: Bengaluru-based startup Fourth Ambit raised $600K from crowdfunding platform 1Crowd and its investor community. Fourth Ambit is a digital showcase platform for schools and colleges, which enables them to connect and engage with their key stakeholders.

3) Book My Diamond founded by Sankalp Goyal and Pinank Kamdar: Mumbai-based B2B diamond retailer Book My Diamond raised an undisclosed amount in an angel funding round from Chirag Nikunj Sheth (Chief Research Consultant at UK-based firm Metals Focus) and two other undisclosed investors.

4) ION Energy founded by Akhil Aryan: Mumbai-based stealth mode startup ION Energy secured an undisclosed amount of angel funding from Sushil Jiwarajka, Chairman of OMC Power and Founder of Nippo Batteries; Aakrit Vaish and Swapan Rajdev, the founders of Haptik. Executives from Times Internet, Dentsu Aegis, Salesforce, and Credit Suisse also participated in this round of funding. The funds raised in this round will be used towards product development and bringing the technology closer to mass manufacturing.

5) Log 9 Materials founded by Akshay Singhal: Bengaluru- and Delhi-based Nanotechnology startup Log 9 Materials secured an undisclosed amount in the Pre-Series A round of funding from Delhi-based micro VC firm, GEMs. The startup plans to license out two technologies this year, a move that might help it to attain a total profit over $2 million.

6) RemitGuru founded by Naushad Contractor: The joint entity of Infibeam- CCAvenue will invest $466K in digital money transfer platform, RemitGuru. Infibeam will partly acquire Avenues Payments and will invest $310K and the remaining $155K would come from CCAvenue. CCAvenue holds a 26.76% stake in Mumbai-based RemitGuru.

E-commerce Industry

7) Yepme founded by Vivek Gaur, Anand Jadhav and Sandeep Sharma: Fashion e-commerce firm Yepme, operated by VAS Data Services Pvt. Ltd, raised $700K in bridge funding.  This bridge round will help the company tide over the current liquidity crunch.

8) Anchanto founded by Shafique Muhammad, Vaibhav Dabhade and Abhimanyu Kashikar: Singapore and India-based e-commerce enabler and logistics startup, Anchanto secured funding from Luxasia Group and Transcosmos Inc. (TCI). The startup will use the newly raised funds to propel its network of partners, sellers, and service providers. It will also use it to expand its network in Southeast Asia.

9) ShopClues founded by Sandeep Aggarwal, Sanjay Sethi, and Radhika Aggarwal: Clues Network Pvt. Ltd, which operates online marketplace ShopClues, secured $7.7 million in venture debt from InnoVen Capital. The company will use the funds for day-to-day business activities.

10) Invoice Bazaar: Dubai-based fintech firm Invoice Bazaar raised an undisclosed amount of funding from Shirish Apte, former Asia-Pacific CEO and Chairman at Citigroup. Apte has also joined the advisory Board of Invoice Bazaar.

Technology Industry

11) Devourin founded by Sivanandan Chettiyar: Pune-based restaurant automation startup Devourin secured an undisclosed amount of Seed funding. The investment was from Cybage co-founder and Relfor Labs founder and Chief Executive of Technology, Deepak Nathani against a 20% stake in the startup. The startup will deploy the funds to expand its operations across India.

12) Curie Labs founded by Abhinav Saksena and Saurabh Vij: Delhi-based energy analytics startup Curie Labs raised $50K from Southeast Asia-based blockchain incubator Satoshi Studios. The startup will use the funds for increasing product and sales.

13) Uncanny Vision founded by Ranjith Parakkal: Bengaluru-based computer vision solution provider for robotics, video surveillance Uncanny Vision raised an undisclosed amount of funding from Facebook’s Product Head Anand Chandrasekaran. Its main product is an intelligent surveillance camera that uses deep learning for scene/face/human pose recognition.

14) Sequretek founded by Pankit Desai and Anand Naik: Mumbai-based cyber security startup, Sequretek secured an undisclosed amount in its Series A funding round from GVFL and Unicorn India Ventures. Sanjay Randhar, MD, GVFL and Manoj Laddha, Partner, Unicorn India Ventures will join the Board of Sequretek as a part of the round. The startup plans to utilize the raised funds to build intelligent security platform, improve current offerings and explore newer markets in India and abroad.

15) Lucideus founded by Saket Modi: Delhi-based cyber security startup Lucideus closed an undisclosed amount of angel funding round from a set of marquee investors. The funding news comes in sync with Lucideus’s platform launch – SAFE.

16) Vidooly founded by Nishant Radia, Ajay Mishra, and Subrat Kar: Noida-based video intelligence platform Vidooly secured $1.4 million in Series A round of funding led by Times Internet and GVFL (Gujarat Venture Finance Ltd). The raised funds will be used to further expand in India, as well as in international markets in the US, Europe, and Asia.

17) Aequm: Bengaluru- and Singapore-based cloud e-commerce firm Aequm secured $1 million in a Seed funding round from undisclosed investors. The company will utilize the funds to expand its operations.

Travel Industry

18) NightStay founded by Nasr Khan and Deepak Negi: A Delhi-based mobile marketplace for last-minute hotel bookings NightStay secured an undisclosed amount in Pre-Series A round of funding from IAN and LetsVenture. Aroon Purie (founder/editor of India Today), Ambarish Raghuvanshi (former Info Edge CFO) and other investors. The funds raised will be mainly used to ramp up tech platform and for geographical expansion.

Food and Beverage Industry

19) MyGreens founded by Anurag Mishra and Rohan Gupta: Cold pressed juice startup; MyGreens secured $1 million in an angel funding round via LetsVenture. The round was from Ajay Relan (Founder and Chairman, CX Partners). Other investors in the round included Sundeep Bhandari (Director & CEO, Petrodil) and other undisclosed investors as well. The startup will use the raised funds towards expansion and launch new products targeting the Indian market.

Healthcare Industry

20) CureFit founded by Ankit Nagori and Mukesh Bansal: Bengaluru-based sports and fitness startup Curefit raised $3 million funding from Tata Sons Chairman Emeritus Ratan Tata’s RNT Capital and others. The round also saw participation from Gokul Rajaram (product engineering lead, Square); Aditya Agarwal (Vice President of Engineering at Dropbox); Ruchi Sanghvi (former VP, Operations, Dropbox); along with Shishir Mehrotra (founder of TBD).  The startup will currently focus on its operations in Bengaluru, before offering its services to other major cities in the country.

21) Tiyo founded by Rana Dutta, Sunil Mishra and Sandip Bodak: Kolkata-based healthtech startup Tiyo raised an undisclosed amount of funding from its existing investors Anish K and Ajith Nair. The company claims to have recently crossed 100,000 doctor appointments through its platform.

Advertising Industry

22) Chymera VR founded by Smeet Bhatt and Sushil Kumar: San Francisco- and Bengaluru-based Chymera VR raised an undisclosed round of seed funding from a clutch of investors including Anupam Mittal (People Group) Varsha Rao (Airbnb, LivingSocial), Surojit Chatterjee (Google), Nirav Choksi (HHC Holdings) and others. The deal was facilitated by angel network LetsVenture. The platform will use the funds to ramp up its operations in Bengaluru while expanding the client base overseas, mainly in the US.

Financial Industry

23) EarlySalary founded by Akshay Mehrotra: Pune-based fintech startup EarlySalary secured $4 million Series A funding led by IDG Ventures India and Dewan Housing Finance Corp Ltd (DHFL). The startup will deploy the funds to leverage on capital deployed for building products and lending book as well as expanding the team.

Legal Industry

24) LegalRaasta founded by Pulkit Jain, Kanika Gupta, and Himanshu Jain: Delhi-based legaltech startup LegalRaasta raised $5 million in Series A round of funding from Impanix Capital. The startup will use the raised funds in building GST compliance software for SMEs, CAs and enterprises. Also, Senior VAT official, RK Jain has joined the company’s Board as an advisor.

The post 24 Indian Startups Making News This Week (08 May- 14 May) appeared first on Delhi School of Internet Marketing- Digital marketing blog.

Consumer Internet Industry

1) Genie founded by Rakesh Mani, Sreekesh Krishnan, Parth Shah, and Bharath Lalgudi Natarajan: Chennai-based hyperlocal delivery platform Genie raised $250K from a group of undisclosed HNI investors. The startup had earlier shut down its services due to lack of funds. The newly raised funds will be used in reviving the platform operations.

2) PaySense founded by Prashanth Ranganathan: Mumbai-based fintech startup PaySense secured $5.3 million Series A funding from Jungle Ventures, along with Naspers Group and Nexus Venture Partners. The company claims to have distributed about $4.66 million in partnership with NBFCs.

3) EzCred founded by Amiya Pathak and Sachin Maheshwari: Bengaluru-based consumer lending startup EzCred secured more than $1 million from a group of investors. The investors include Dheeraj Pandey, CEO of Nutanix; Rajesh Yohannan, former MD and CEO of Oanda Asia Pacific; and Akash Garg Director of Engineering at Uber. Other investors in the round included Citibank’s Sanjay Nambiar; Christian Oestlien, Director of Product Management at YouTube; Ratikant Sahu, digital delivery head at ANZ; and Neill Occhiogrosso, Partner at US-based Costanoa Ventures. The startup will deploy the newly raised funding for technology development. And to develop new-age credit and fraud models using alternate data sources.

4) FreeCharge founded by Sandeep Tandon and Kunal Shah: Snapdeal’s digital subsidiary FreeCharge raised $3.38 million from the parent company Jasper Infotech. Freecharge is currently in merger talks with Paytm and MobiKwik, while Snapdeal is awaiting final nod from investors for merging with Flipkart.

5) Live History India founded by Mini Menon and Akshay Chavan: Ganesh Natarajan, a former chief executive officer of Zensar Technologies and chairman of Nasscom Foundation, invested an undisclosed amount in Bengaluru-based digital content platform Live History India, through his 5F World startup platform. Cyrus Guzder, former promoter of AFL, also participated in this round. The LHI platform will showcase historical facts through videos and content contributed by historians across the country and will make revenue through advertising as well as partnerships with content providers.

6) TAC Security Solutions founded by Trishneet Arora: Cyber security startup TAC Security Solutions raised an undisclosed amount of funding from William H May, former Vice President of IBM. With this, William has also joined TAC’s board.

E-commerce Industry

7) Fynd founded by Harsh Shah, Sreeraman MG, and Farooq Adam: Mumbai-based e-commerce fashion platform Fynd raised $500K in a follow-on Series A funding round from Silicon Valley-based Rocketship. With the newly raised funds, the startup plans to strengthen its tech backbone, improve its operations, and further enhance customer offerings as well as strategies.

8) The Good Life Company founded by Bhuman Dani and Shariq Ashraf: Mumbai-based online luxury tea brand The Good Life Company secured $1 million in Seed funding from husband-wife duo Ayesha Takia Azmi and Abu Farhan Azmi. The startup plans to deploy the raised funds to strengthen its operations in Mumbai and to expand services in Tier I cities like Delhi, Bengaluru, and Kolkata.

9) PumpKart founded by K.S Bhatia: Chandigarh-based online water pump seller PumpKart closed a Seed funding round from Dr. Ritesh Malik, founder of Innov8 and Project Guerrilla. The raised funds will be utilized to launch PumpKart service stores and a mobile app by the end of next month.

10) Paytm founded by Vijay Shekhar Sharma: Paytm raised $1.4 billion funding led by SoftBank Group, the Japanese Internet and telecom major. The investment was done in Paytm’s parent company One97 Communications. With this move, SoftBank has joined Alibaba Group as a major shareholder and will take a seat on the Paytm board.

11) Yepme founded by Sandeep Sharma, Vivek Gaur and Anand Jadhav: Fashion e-commerce firm Yepme, operated by VAS Data Services Pvt. Ltd secured $700K in bridge funding. This bridge round will help the company tide over the current liquidity crunch.

Technology Industry

12) Zapty founded by Arvind Agarwal and Sanjay Shah: Workflow automation startup Zapty raised $500K funding from Ideaspring Capital. The startup will use the raised funds towards improving its product offering to create industry-grade solutions.

13) Vernacular.ai founded by Sourabh Gupta, Akshay Deshraj and Manoj Sarda: Kalaari Capital invested an undisclosed amount in startup VernacularAI. ai. The investment was done as a part of Kalaari Capital’s accelerator program Kstart. The Bengaluru-based startup launched its first B2C product earlier this year called Aisha, an AI-based personal assistant in Hindi.

14) Niki.ai founded by Nitin Babel, Shishir Modi, Keshav Prawasi, and Sachin Jaiswal:  AI-based chatbot Niki.ai secured an undisclosed amount of funding from the global leader in business management software SAP. The investment was done via SAP’s newly launched $35 million artificial intelligence-focused fund SAP.iO in March 2017.

15) Telr founded by Elias Ghanem and Sirish Kumar: Singapore-headquartered payment gateway Telr secured $3 million Series B investment from Innovations East. The startup will deploy the recently raised funding to build out and enhance its core product proposition and roll out new payment methods. The funding will also be used to scale up operations in focus markets, especially India and other developing markets.

Food & Beverage Industry

16) HealthSutra founded by Sai Krishna Popuri: HealthSutra, a Hyderabad-based health food maker secured an undisclosed amount in pre-Series A funding from social venture fund Ankur Capital and Hyderabad Angels. The startup plans to deploy the funds to set up a higher capacity processing facility for its core product millet flakes.

Healthcare Industry

17) Elize founded by Tanvi Johri: Ahmedabad-based women’s sanitary pad maker startup Elize raised an undisclosed amount of Seed funding from a group of angel investors. This includes Sunil Kalra, Arun Venkatachalam from Murugappa Group, Startup Buddy Ventures and senior members from Arthur D Little Adnan Merhaba, Viditha Kanakamedala and Rohit Sethi. The startup will deploy the raised funds to strengthen product line, create a strong brand presence and grow the active customer base.

18) Dial4242 founded by Jeetu Lalwani: Mumbai-based ambulance booking mobile app Dial4242 raised $154K in a Seed funding round from an undisclosed angel investor. The raised funds will be utilized for the purpose of R&D, market research, product development, and operations.

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Consumer Internet Industry

1) WhatsLoan founded by Vidya TG and Timmana Gouda D: Bengaluru-based fintech startup WhatsLoan secured an undisclosed amount of funding from South Indian music recording company, Lahiri Music’s family office. The move on Lahiri Music’s part comes as an attempt to expand business across different industries. The startup plans to use the raised funds towards building its tech platform.

E-commerce Industry

2) Yepme founded by Sandeep Sharma, Vivek Gaur and Anand Jadhav: Fashion retailer, Yepme raised $45 million in a financing round from undisclosed investors. The startup will use the raised funds to further the operations of its UK-based entity, Yepme UK Plc that makes fashion products for international markets, including Europe, Middle East, and the US, along with brand enhancement and the launch of a new fashion range before Diwali.

Logistics Industry

3) Delhivery founded by Mohit Tandon, Sahil Barua, Bhavesh Manglani, Kapil Bharati and Suraj Saharan: Gurugram-based e-commerce logistics startup, Delhivery secured $30 million in funding from Chinese international conglomerate Fosun International. With this financing round, the company is currently valued at $650 million.

Travel Industry

4) Travelspice founded by Ramu Kallepalli: Bengaluru-based travel tech startup Travelspice secured an undisclosed amount of funding from Eagle10 Ventures. The startup currently claims to work with 3 to 5-star hotels in more than 212+ cities across India and 6 cities outside India.

Retail Industry

5) Magicpin founded by Anshoo Sharma and Brij Bhushan: Gurugram-based hyperlocal discovery startup Magicpin secured $6.6 million in Series B round of funding from Lightspeed Venture Partners and Vy Capital. Earlier in February 2016, Lightspeed Venture Partners also invested $3 million in the startup in Series A round of funding.

Real Estate Industry

6) Zipgrid founded by Kunal Gupta and Jaydip Popat: Mumbai and Ahmedabad-based real estate tech firm Zipgrid closed $500 K Pre-Series A round with investment commitment from 1Crowd and JLL India. The startup plans to use the raised funds to upgrade its existing technology and operations. Also, a part of the funding will be used to launch a range of collective commerce solutions for its users.

Media Industry

7) The Print founded by Shekhar Gupta and Barkha Dutt: Delhi-based media venture The Print raised an undisclosed amount of funding from Ratan Tata, Uday Kotak and Nandan Nilekani. Anchor investors – Biocon Ltd’s Kiran Mazumdar Shaw, tech-entrepreneur Rajiv C. Mody and Paytm’s Vijay Shekhar Sharma, will hold close to 20% equity in the venture, while the rest belongs to founder Shekhar Gupta. The startup plans to hire a team of 50 people by July this year along with setting up office space in New Delhi.

Finance Industry

8) Aye Finance founded by Sanjay Sharma and Vikram Jetley: Gurugram-based NBFC Aye Finance secured $8 million from Blue Orchard, a leading global impact investment manager. The funding was raised through NCDs (non-convertible debentures) with a maturity period of five years. The funds will be used to strengthen its funding position and to facilitate the inclusion of a larger number of MSMEs in the realm of mainstream economy.

9) ItzCash founded by Naveen Surya: US-headquartered Ebix Inc invested $123 million in ItzCash at a valuation of $150 million, against 80% stake in the company. With the newly raised funds, ItzCash aims to foray into areas such as credit, insurance, healthcare and investments to accelerate growth momentum going forward.

Food & Beverage Industry

10) Box8 founded by Anshul Gupta: Mumbai-based on-demand food delivery startup Box8 secured $1 million in venture debt funding from Trifecta Capital. With the recent funding, the startup intends to venture in its existing three markets, and improve customer experience. The company is also planning to expand to new geographies.

Education Industry

11) GenNext Students founded by Asad Daud and Ali Kagzi: A hybrid tutoring platform ‘Genext Students’ which connects parents with the best home tutors for their children, secured $580K in its pre-Series A round of funding led by undisclosed investors. The company targets at leveraging the recently raised capital to expand the services to new cities such as Bengaluru, Lucknow, Jaipur, Hyderabad and Chennai.

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