Indian Startups Funding Roundup- September 2nd Week

Indian startups Funding highlight 2nd week of September
2nd week of September-2019, Indian startups Funding highlight

In the 2nd week of September, Indian startups raised a significant amount of funding $251.8 million in a total of 17 deals.

From 17 deals,11 early-stage deals value $90.2 million funding amount and 6 big deals contributed the remaining $161 million.

In last week, Indian startups raised just $75.7 million of funding in 15 deals. The last week’s leader is an IoT-based smart building solution provider startup 75F, which raises $18M.

Indian Unicorn startup Delhivery

The top deal of the week is an investment made by Canada Pension Plan Investment Board (CPPIB) in Gurugram-based logistics Indian Unicorn startup Delhivery, the firm invested $115 million in the unicorn startup.

The startup founded in 2011, supplies products and services to build trust and improve the lives of consumers in eCommerce, Logistics and Supply Chain Management section.

Indian Unicorn startup raised a total of $934.6M in funding in funding rounds. In March 2019, Unicorn startup Delhivery also raised $413M funding led by Soft Bank.

FinTech startup okcredit

Haryana-based FinTech startup okcredit raised $67 million in Series C funding round from investor Lightspeed and Tiger Global Management. The total fund raised by startup okcredit is $84.2M in 3 rounds from investors.

Fintech Startup okcredit is an app-based credit account management solution for small shop and business owners and their customers to facilitate the documentation of credit/payment transactions digitally all across the country.

Edtech startup WhiteHat Jr

Mumbai-based Edtech startup WhiteHat Jr raised $10 million in Series A funding round led by Nexus Venture Partners and Omidyar Network.

AI-centric edtech Startup WhiteHat Jr is founded in 2018 by Karan Bajaj, a bestselling novelist and Discovery Networks India ex-CEO.

“WhiteHat Jr prepares kids 6-14 for this new world. Kids learn fundamentals of coding–logic, structure, sequence and algorithmic thinking–to generate creative outcomes eg animations and apps.”

Karan Bajaj, Discovery Networks India ex-CEO, Founder WhiteHat Jr

WhiteHat Jr has been recognized as one of the LinkedIn Top 25 start-ups to work in 2019.

Startup Heads Up For Tails

In a seed round of funding Pet products seller, startup Heads Up For Tails raised $10 million led by HNI’s. The startup is founded in 2008 by Rashi Narang and raised a total of $13 million in 3 funding rounds.

Heads Up For Tail is a leading brand for pet products and pet store chain in India and use these funds to expand business in India and abroad.

Indian Spacetech startup Nocca Robotics

Pune-based startup Nocca Robotics raises Rs. 12.4 crore fund from IAN Fund in a Seed round of funding

Nocca Robotics sells robotic products with a brand name of Nocca S100. Nocca leverages technologies such as AI, machine learning & deep learning in their robotics products. The products are automated, water-less and shareable solar panel cleaning for utility-scale solar plants.

Nocca Robotics founded in 2017 by Kanpur graduates Harshit Rathore. Indian startup Nocca Robotics was nurtured by SIIC IIT Kanpur and is currently being mentored by global industry leaders.

FITSO Indian HealthTech startup

FITSO, an Indian HealthTech startup raised $1.5 million from SRI Capital, Zomato Co-founder Pankaj Chaddah, and Helion Ventures founder Ashish Gupta, on September 9, 2019.

HealthTech startup FITSO is founded in 2015 by Naman Sharma, Rahool Sureka and Saurabh Aggarwal. The app is furnished with a GPS tracking system for run/ride, home workout videos, and calorie counter to log meals.

FITSo provides swimming coaching, online personal training, and fitness and health coach with nutrition advice online.

Marsplay Community managed shopping app

Delhi- based Marsplay raised an undisclosed amount In a Seed Round of funding from 5 investors led by Venture Highway.

Jonathan Lau, Director ICICI Ventures Nikhil Mohta, Head of India and Southeast Asia Shailesh Rao, Alvin Tse, are other angel investors in the startup. Marsplay is founded in 2017 by former YC Alum and serial entrepreneur, Marsplay is a socially curated shopping app. 

Indian Spacetech startups Kawa Space

PayTm founder Vijay Shekhar funded an undisclosed amount i n the Indian Spacetech startup Kawa Space.Kawa Space founded in 2019 by Kris Nair and Bala M, presently company has 16 members team.

Kawa Space designs and operates the most advanced earth observation satellite constellations for its customers in financial services, government jobs, strategic risk management, and the agricultural sector. Kawa Space is one of the few new-age Indian spacetech startups that are gaining momentum alongside the ISRO.

Indian foodTech startup Hungry Foal

A Gurugram-based foodTech startup, Hungry Foal, has raised an undisclosed amount of funding in Pre-Series A round from 3 investors led by Singapore-based Madison Capital.

Govt of India’s Maharatna PSU – GAIL (India) Limited, Amit Singhal, and GSF founder Rajesh Sawhney are other investors in the foodtech startup.

Hungry Foal is a healthy snacks manufacturer Founded by Japna Rishi Kaushik and Vivek Kaushik in 2016. Startup Hungry Foal presence in the states of UP, Delhi/NCR, Haryana, and Rajasthan.

Discovery platform HappyShappy

HappyShappy is a discovery platform for ideas and products. The startup raised an undisclosed amount of funding in a seed round led by Beerud Sheth. Samuel Choi, Shivashish Chatterjee, and Yuvraja C Singh are other angel investor participated in the funding rounds.

HappyShappy is founded in 2016 by Nitin Sood and Sana Hoda Sood.

Omnichannel Startup EasyEcom

The Bengaluru-based startup EasyEcom raised an undisclosed amount of funding as venture funding from Amistad Ventures. Startup EasyEcom  earlier company raised $150K from angel investor Ambarish Gupta and Aneesh Reddy.

EasyEcom is an inventory management software and reconciliation ERP solution provider, an End-to-End solution for online retail.

HealthTEch startup Acculi Lab

Bengaluru based HealthTEch startup Acculi Lab raised an undisclosed amount of funding from Startup Basket.

Lyfas diagnose Sinus Arrhythmia from an app with 99.72% accuracy. Glance delivers artificial intelligence-driven, personalized content to screen zero of smartphones. 

Acculi Lab operates with brand name Lyfas, Lyfas is a clinical-grade smartphone-based diagnostic tool that helps a clinician to detect subclinical Artherosclerosis, Endothelial Dysfunction, Sinus, and non-sinus arrhythmia.

Glance, mobile-first Content Platform

Glance, the mobile-first content platform and part of the InMobi Group, raised $45 million in investment from Mithril Capital.

Glance has more than 50 million daily active users who spend 22 minutes per day on Glance, the company stated in a press release.

Mithril’s investment, co-founder Ajay Royan also joined the Glance board. Startup Glance presents content in English, Hindi, Tamil and Telugu in India, and Bahasa in Indonesia.

Truebil used Car selling online portal

Mumbai-based startup Truebil raised $1millon in a Venture round from Japanese venture capital Spiral Ventures Pte Ltd.

Startup Truebil founded in 2015 by Suraj Kalwani, Ravi Chirania, Shubh Bansal, Rakesh Raman, Ritesh Pandey, Shanu Vivek, and Himanshu Singhal.

Truebil is an integrated online portal that sells certified used Above 10 Lakhs car. Truebil has tied up with Tata Capital and others to ensure easy financing of pre-owned cars in the form of affordable monthly EMIs.

Truebil provides a solution to all used car related needs with services like affordable car loans, paper transfer, warranty servicing, emergency roadside assistance and insurance renewal for pre-owned cars. 

SoStronk, a Bengaluru-based esports gaming platform and Qdesq ,a Gurugram-based flex-space technology platform also raised undisclosed amount of funding.

Qdesq ,a Gurugram-based flex-space technology platform also raised undisclosed amount of funding. Qdesq is a premier destination and tech-enabled platform for the workforce to search, sort, and select a flexible workspace.

B: Live :India’s first EV tourism, Goa-based electric vehicle tourism startup, B: Live, raised Rs 4 crore from DNA Entertainment Networks Pvt.

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