Indian startups fundraising figures. Weekly data. 1st week Oct-2019
Indian startups fundraising -1st week- Oct-2019

Indian startups raised a total of $636 million from investors by 17 disclosed deals and 2 deals remain undisclosed.

This week led by the B2B trade platform Udaan, this raised $285 million. Other leading deals include, SleepyCat online direct-to-consumer mattress raised $110 million and P2P property listing platform NoBroker raised $50 million.

Udaan: A Bengaluru-based Udaan is a B2B trade platform raised $285M in a Series D round of funding from Altimeter Capital, Footpath Ventures, Lightspeed, Hillhouse, GGV Capital Tencent, Citi Ventures and DST Global. Udaan has raised a total of $869.9M in 4 rounds of funding from 10 investors. Udaan is a network-centric B2B trade platform, created particularly for small & medium enterprises in India.

In September 1st week, Udaan raised $300M at a valuation of over $2.2 billion.

SleepyCat; A Mumbai -based online direct-to-consumer mattress and sleep-solutions startup raised $110 million in a Series A round of funding from Gemba Capital, Sharrp Ventures and DSG Consumer Partners. The ecommorce startup founded in 2017 by Kabir Siddiq.

NoBroker: A Bengaluru-based peer-to-peer property listings platform NoBroker raised $50 million in a Series D round of funding from Tiger Global Management and General Atlantic. NoBroker has raised a total of $121 million in 6 rounds from 11 investors. A Bengaluru-based real estate online listing platform startup founded in 2014 by Akhil Gupta– IIT Bombay graduate and Amit Agarwal-IIM Ahmedabad graduates.

Dunzo: The logistics startup Dunzo founded in 2015 by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, and Mukund Jha has raised $45 million in Series D round of funding from Lightbox Ventures, Google, 3L Capital, and STIC Investment. The valuation after the deal is around 200 million.

Clix Capital: A Gurugram-based SME lending platform raised $40 million (Rs 282 Cr) in fresh Venture funding from AION Capital. Fintech startup Clix founded in 2016 by Anil Chawla and Pramod Bhasin, that provides commercial lending and lease facilities to small and mid-size businesses with minimum documentation.

CareStack: A Cloud-based, dental practice management health-tech startup raised $28 million in Series B round of funding. Startup CareStack raised a total of $51.6 million in 4 rounds of funding from 6 investors including, Delta Dental of California, Steadview Capital, Eight Roads Ventures, F-Prime Capital, Accel and Konglo Ventures. CareStack a practice management SaaS platform for dental founded in 2015 by Abilash Krishna and Mark Huzyak.

Khatabook: An accounting fintech startup raised $25 million in a Series A round of funding from GGV Capital, Partners of DST Global, RTP Ventures, Sequoia India, Tencent, Y Combinator and many other Angel investors. Accounting startup raised a total of $26.5 million in 2 rounds of funding from 16 investors. Khatabook provides service to SMEs in India is founded in 2018 by Ravish Naresh.

Paytm First Games: Paytm First Games is a social gaming app, a joint venture of Alibaba group firm AGTech and PayTm parent company One97 Communications. The Gaming startup raised $20 million in a corporate round of funding from its founders. This fund is utilized to enhance technology and business growth.

LoanTap: A Pune-based online lending fintech startup raised $12 million in Series B round of funding from investors Avana Capital, 3one4 Capital, India Quotient, Shunwei Capital and Kae Capital. LoanTap has raised a total of $26.8M in 5 rounds from 11 investors. LoanTap is an online platform that provides personal loans to salaried professionals.

Greytip Software: A Bengaluru-based HR Automation startup raised $4.9 million in Series C round of funding from Info Edge and MegaDelta Capital. Greytip Software has raised a total of $10.1 million in 3 rounds of funding from 4 investors. Other investors in the startup are Blume Venturesa and New Enterprise Associates.

Shubh Loans: A Bengaluru -based fintech startup raised $4.8 million in a Series A round of funding led by Omidyar Network India. other investors including Saama Capital, Beenext, SRI Capital and Pravega Ventures. Fintech startup founded in 2016 by Anand Barua, Monish Anand, Mudit Tyagi, Oriol Mirosa, Rahul Sekar and Tushar Patel. Shubh provides personal loans up to Rs 5 lakh. Startup Shubh raised a total of $10.5M in 4 rounds from 9 investors including. 

Fyle: A Bengaluru-based expense management Indian fintech startup raised $4.5 million in Series A round of funding led by US-based hedge fund Steadview Capital, and other investors including Freshworks, Tiger Global Management, and Pravega Ventures. Fyle raised a total of $10.5 million in 5 rounds of funding from 10 investors including, Alibaba group director Bharati Balakrishnan, BEENEXT and Ambrish Tyagi. Fintech startup Fyle founded in 2016 by Sivaramakrishnan Narayanan and Yashwanth Madhusudan.

Matrubharti: Ahmedabad-based content creator startup raised $3.2 million from US-based Gujarati NRI angel investors. The Indian cultural content creator startup founded in 2015 by Mahendra Sharma and Nilesh Shah. It provides books, videos, quotes, and other content of Indian origin and culture. The startup launched video streaming platform Matrubharti Vishesh, which contains Web series, short films, live shows, and performances.

Metromedi is an Online Pharmacy and e-health store based in Hyderabad raised $1.5 million in a seed round of funding from TK GP Rao.

TWID Pay: A Bengaluru-based digital payments startup TWID raised $1.4 million (Rs10 Cr) in a seed round of funding from SCV LLC. TWID manages customer’s rewards, provides Real-time alerts, exclusive deals on cards and gives other benefits related to using credit cards. Indian fintech startup founded by Amit Koshal, Amit Sharma and Rishi Batra.

Oivi: A Bengaluru-based Healthtech startup raised $0.5 million in a pre-seed round of funding from Arali Ventures and Marquee angels. Oivi is an AI-camera and platform, which diagnose diabetic eye disease.

MEngage: A Jaipur-based community engagement healthtech startup raised $100K from Sukhbir Singh and Keshav Sharma in a seed round of funding. MEngage is a mass consumer engagement application for doctors 

Undisclosed Amount Deals:

1. OrbEnergyA fintech startup provides solar loans for a rooftop solar system. The lending platform raised an undisclosed amount of funding from Shell via stake sell. Shell acquired around a 20% stake in the fintech startup. Earlier, the company raised $15 million from 6 investors by corporate and debt round of funding. The lending platform provides credit to the small and mid-size businesses operates in the Solar panel business.

2. Finbox: A Bengaluru-based Fintech startup is developing an Ai-based platform for financial institutions to connect with their customers easily. A customer data platform FinBox raised an undisclosed amount of funding from Arali Ventures in a Seed round of funding on Oct 3, 2019.