Indian startups weekly fundraising figures – 3rd week October- 2019
Indian startups have raised a total of $267.5 million from the investor in 20 disclosed amount deals from total 21 funding deals in the 3rd week of October 2019. One deal remains undisclosed.
Among these, Cars24 raised the highest funding of $100 million from 15 investors, followed by Mygate raised $56 million, and CleverTap raised 35 million funding from investors.
In the 2nd week of October-19, Indian startups raised a total of $101.85 million funding by 10 disclosed deals, while 6 funding deals remain undisclosed.
List of 20 disclosed funding deals of Indian startups
Cars24: A Gurgaon-based platform for selling used cars, Cars24 has raised $100 million in a Series D round of funding led by K C K Cargo Transport, KCK Global, Kingsway Financial Services Inc., Unbound and 11 other investors including former Indian Cricket team skipper Mahendra Singh Dhoni. The used car selling platform Cars24 raised a total of $150 million in 2 rounds of funding from 27 investors. An Automotive retail-focused startup founded in 2015 by Mehul Agrawal, Ruchit Agarwal, and Vikram Chopra. At present, Cars24 operates from 177 branches across 53 major cities in India.
MyGate: Bengaluru-based security and community management startup MyGate raised $56 million in a Series B round of funding from Tiger Global Management, Prime Venture Partners, Chinese internet giant- Tencent Holdings, and Israel-based investment firm JSCapital. Mygate has raised a total of $67.3 million in 3 funding rounds from 4 investors. Security startup MyGate founded in 2016 by Abhishek Kumar, Shreyans Daga, and Vijay Arisetty. MyGate named one of the Coolest Start-ups in India by Business of 2019. Over 1.5 million check-in requests every day using MyGate and 600,000 houses in 11 cities guarded with MyGate.
CleverTap: B2B SaaS platform, San Francisco and Mumbai-based mobile marketing platform provider startup CleverTap raised $35 million from existing investors Sequoia Capital and Tiger Global in a Series C round of funding at the valuation of $385 million. The AI-powered mobile marketing startup CleverTap is founded in 2013 by Sunil Thomas, Anand Jain, and Suresh Kondamudi. CleverTap is the leading customer engagement and retention platform that helps brands maximize user lifetime value.
True Balance: Gurugram-based digital payments, balance check, and lending firm True Balance raised $23 million in Series C round of funding led by NH Investment & Securities. Other investor participants are IMM Investment, D3 Jubilee Partners, SB Partners, HB Investment, and existing investor Shinhan Capital. Financial services provider startup founded in 2014 by Cheolwon Lee, Jay Yi, and Martin Lee. Fintech startups True Balance has raised a total of $61.6 million in 5 rounds of funding from 15 investors.
Bewakoof: Mumbai-based lifestyle fashion and online shopping brand Bewakoof raised $11.2 million in a venture round of funding from Bahrain-based investor Investcorp. Other investors of the Bewakoof are Kunal Bahl and Rohit Bansal, founders of Snapdeal. Online direct to consumer retail brand Bewakoof founded by Prabhkiran Singh in 2012. The company claims, it has a team of 400 members, and 2mn products sold till date.
UrbanPiper: A SaaS-based platform provider for restaurant, UrbanPiper raised $7.5 million in a Series A round of funding from Sequoia Capital and Tiger Global. Kumar Vembu and Axilor Ventures are other investors in the startup UrbanPiper. UrbanPiper has raised a total of Rs 680 million in 3 rounds of funding from 4 investors. The platform provides order management to Marketing Automation, Campaigning & Segmentation Tool.
Mall91: A Delhi-based social commerce platform for the vernacular user, Mall91 raised $7.5 million in a Series A round of funding led by Go Ventures. Existing investors Beenext, Kalaari Capital, and AngelList India also participated in the funding round. Mall91 founded in 2018 by Nitin Raj Gupta and Shubham Paramhans.
RupeeRedee: Gurgaon-based Digital lending platform, fintech startup RupeeRedee raised $6 million in a corporate round of funding from its Russian-based parent entity- Digital Finance International. Fintech startup RupeeRedee provides small loans up to 25000 for a short period from 7 days to 1 month.
White Owl Brewery: Mumbai-based, food and beverage startup White Owl Brewery raised $5.6 million in a Series B round of funding from IIFL Asset Management, at a valuation of over Rs 200 crore. At present, White Owl has Belgian wheat beer, red ale and apple cider in its portfolio and will launch a strong craft beer, under the brand name Spike. RAAY Global- a Patni Family Office, Piyush Pandey- chairman of Ogilvy & Mather, Sasha Mirchandani- founder of Kae Capital and Anant Goenka- managing director of CEAT, are other investors in the White Owl Brewery.
Cash Suvidha: Digital Lending Platform Cash Suvidha provides loans to small and mid-size businesses in India has raised $4 million in debt. Cash Suvidha has raised a total of $12.5 million in 5 rounds of funding from investors.
Bijak: A Haryana-based B2B platform for agricultural commodities, Bijak raised $2.5 million in a Seed round of funding led by Surge Ahead. Other investors are Lightspeed Venture Partners, Omidyar Network, Blume Ventures, and Nexus Venture Partners. An Agri-tech startup BIjak founded in 2019 by Nukul Upadhye, Mahesh Jakhotia, Nikhil Tripathi, Daya Rai and Jitender Bedwal.
WEGoT: Internet of things (IoT)-based water management startup WEGoT raised $2 million in a seed round of funding led by Kumar Vembu, Shyam Shekar-Founder of iThought, Brigade Enterprises, Vibhu Natarajan- Director at Grotech Landscapes; Rajagopal S-Entrust; Joydeep Ponugoti-Manbhum Constructions; and Promod Kumar.
InCred: Mumbai-based Consumer and SME focused lender InCred raised $2 million by debt financing. Earlier NBFC InCred raised $58.2 million in Series A round of funding led by The Netherlands-based investment firm FMO. InCred has raised a total of $177.2 million of funding in 4 rounds from 9 investors.
Capital Float: Digital lending provider to SMEs, Capital Float raised $1.4 million in debt capital by issuing NCDs. Capital Float already raised a total of $128.6 million of funding in 9 rounds. Earlier eCommerce giant Amazon invested $22 million in series C round of funding on April 2018.
Boodmo: Gurugram-based online automotive components marketplace Boodmo has raised $1.4 million in a venture round of funding. Auto-spare part selling platform Boodmo claims that it has a network over 400 suppliers across the nation with more than 3.2 crores unique spare parts in the catalogue.
Muse Dot Media: Integrated marketing solutions agency Muse Dot Media has raised $1 million in an Angel round of funding from existing investors. The Muse Dot Media has raised a total of $1.3 million in 2 rounds of funding.
Legalkart: Gurugram-based, practice management app for lawyers Legalkart has raised $0.5 million in a seed round of funding from angel investors including Pranav Jivrajaka, Mitesh Shah, Pallav Singh, and Sudarshan Gangrade, among others. A legal-tech startup Legalkart founded by Dr. Arvind Singhatiya and Partha Sen.
Bare Anatomy: Gurgaon-based personal care startup Bare Anatomy raised $0.5 million in a seed round of funding from Sauce.vc. Haircare and personal care brand Bare Anatomy founded in 2019 by Rohit Chawla and Sifat Khurana. The company claims that all base formulations are created with plant extracts and are proven to be naturally effective on your hair and skin.
Remedico: Bengaluru-based, Online dermatology solutions provider Remedico raised $0.5 million in a seed round of funding from a clutch of investors including Venture Catalysts, Anshumani Ruddra, Rohini Pandhi, Boston-based Vida Ventures, parkview investment advisors and Noidabased Indian accelerator program provider HealthStart.
SOAL: Hyderabad-based hybrid learning school, School of Accelerated Learning (SOAL) raised $0.3 million in a seed round of funding led by Astarc Ventures. Other investors who participated in the funding found are Srinivas Kollipara, founder T-Hub, Ramki Gaddipatti, founder and CTO Zeta, and Krishnan Menon, founder BeeCash. The education institute established in 2017 by Pratik Agarwal and Varsha Bhambhani.
Undisclosed deals this week of Indian startups
Super Smelly: Delhi-based personal care startup, Super Smelly founded by Dipali Mathur Dayal, has raised an undisclosed amount in a seed round of funding from Singapore-based Lyte Investment Bank.