Indian startups raised $194.49 million from 17 disclosed deals in the 2nd week of November.
- This week’s funding is led by Insurtech startup PolicyBazaar, which raised $150 million in a Series G round of funding.
- The other 16 startups raised $44.49 million in the week.
PolicyBazaar: An online life insurance and general insurance comparison portal PolicyBazaar has raised $150 million in a Series G round of funding from Chinese technology conglomerate Tencent Holdings Pvt. Ltd. The deal is executed at the valuation close to $1.5 billion. Insurtech startup PolicyBazaar has raised a total of $496.6M in 8 rounds of funding from 15 investors.
Svasti Microfinance: Mumbai-based non-banking financial company-micro finance institution (NBFC-MFI) has raised $10 million from existing investors, including Adar Poonawalla, the Patni family, and Nordic Microfinance Initiative. Microfinance startup Svasti founded in 2008 by Arunkumar Padmanabhan and Narayanan Subramaniam. Svasti is working with urban slum dwellers women micro entrepreneurs in Mumbai.
Simsim: a Delhi-based video commerce startup has raised $6 million in a Series A round of funding led by Accel India and Shunwei Capital. Earlier, in a Seed round, startup Simsim raised $1.3M in January 2019 from 8 Angel investors led by Good Capital. Video commerce startup Simsim raised a total of $7.3 million in 2 rounds of funding from 10 investors. The startup founded by former Paytm, McKinsey, and Foodpanda executives saw Accel and Shunwei invest Rs 17.91 crore each, with both taking a 12.5 percent stake in the company.
Ninjacart: Bengaluru-based B2B agri-marketing platform, Ninjacart raised $4.1 million in a debt funding from debt fund Trifecta Capital. Ninjacart has raised a total of $150 million funding in 8 rounds from 15 investors. Agritech startup Ninjacart founded in 2015 by Ashutosh Vikram, Kartheeswaran K K, Sharath Loganathan, Thirukumaran Nagarajan, and Vasu Devan.
VOGO: A Bengaluru-based Dockless scooter rental startup raised $3.9 million in a Series C round of funding from its existing investors Matrix Partners and Stellaris Venture Partners. VOGO has raised a total of $123.6M in 10 rounds of funding from 17 investors. Pawan Munjal, Chairman, Managing Director & CEO HeroMotoCorp Ltd, also an investor in the automotive startup VOGO. Automotive rental startup VOGO founded in 2016 by Anand Ayyadurai, B Padmanabhan and Sanchit Mittal.
Ekincare: Hyderabad-based Artificial intelligence-based healthcare startup Ekincare has raised $3.6 million in a Series A round of funding from Eight Roads Ventures, Touchstone Equities, and East Venture Capital. Ekincare is a data-driven healthcare solution provider for the corporate workforce.
Coolberg: A Mumbai-based Non-alcoholic beverage startup Coolberg has secured $3.5 million in a Series A round of funding led by RB Investments (Singapore-based family office) and its existing investor India Quotient. Indian Angel investor Sanjay Mehta and Indian Angel Network arr led investors in the startup.
Lido Learning: Mumbai based Edtech startup Lido learning has raised $3 million ina Series A round of funding led by prominent investors like Ronnie Screwvala Ananth Narayanan, Vikrampati Singhania, amongst others.
Zypp: A Gurugram-based startup E-scooter micro-mobility startup Zypp, has raised $2 million in a pre-series A round of funding led by IAN Fund, the SEBI-registered Rs 375 crore fund. Ebike sharing app startups Zypp is founded in 2017 by Akash Gupta. Earlier in 2018, startup Zypp raised funds from 5 angel investors led by Venture Catalysts, including Gaurav Juneja, Ayush Agarwal, Bhaskar Raju, and Syed Faiz.
StyleCracker: Mumbai -based Fashion and Lifestyle Online Portal StyleCracker has raised $2 million in a seed round of funding from US-based investor AMJ Ventures. Bollywood actress Alia Bhatt also invested in 2017 in the startup StyleCracker. StyleCracker is founded in 2013 by Dhimaan Shah; StyleCracker is an online personal styling portal understands the importance of great style in day-to-day life. The funds will utilize to build a machine learning-based, customer-centric platform.
Sunstone Eduversity: Gurgaon-based Edtech startup Sunstone Eduversity has raised $1.6 million in a seed round of funding led by Prime Venture Partners along with LetsVenture, PS1 Ventures, and Rajul Garg. Edtech startup is founded in 2014 by Ashish Munjal and Piyush Nangru. Sunstone Eduversity is creating industry-ready professionals with its unique pedagogy and technology-enabled education delivery. Edtech startup Sunstone Eduversity claims that it has a 100% placement record with over 200 recruitment companies empanelled with Sunstone.
SuperGaming: Pune-based Social Gaming platform SuperGaming has raised $1.3 million in a Seed round of funding from Tokyo-based strategic consulting and business development firm Dream Incubator and AET Fund, and London-based Better Capital. Gaming startup SuperGaming founded in 2018 by Pavel Agoshkov.
CBREX: Mumbai-based Ai-driven Global recruiter exchange platform CBREX has raised $1.1 million in a venture round of funding from undisclosed high net-worth individual investors. Angel investors Prahlad Rao, Vikram Chachra- founder Eight Capital, and Sundara Rajan invested in 2015 in the startup CBREX.
Misters.in: Gurugram-based direct-to-customer health and wellness brand Misters.in has raised $1 million in a Series B round of funding from Sauce.vc and Rainforest Ventures Pvt Ltd. Health tech startup focusing on men’s health problems from sex to hair falls.
Shipsy: Gurgaon-based machine learning-based Digital Logistics platform provider Shipsy has raised $0.69 million in a Seed round of funding from Info Edge (India) Ltd. Earlier startup Shipsy raised $1 million by a Seed round of funding from courier service provider DTDC. Shipsy enables real-time data processing and provides live alerts using scalable machine learning models.
Bookingjini: Bhubaneswar-based hospitality solution provider Bookingjini has raised $0.4 million (Rs 3 crore) in seed funding from Mumbai Angels Network led by Apurva Salarpuria. A total of 18 angel investors participated in the funding round. Startup Bookingjini provides Saas-based products to hotels to increase their revenue and booking.
eBikeGo: Amritsar-based an electric two-wheeler rental startup eBikeGo has raised $300,000 in a Seed round of funding led by Startup Buddy, the Gurugram-based early-stage investor. Siddhartha Ahluwalia Managing Director Carlyle Group also participated in the funding round. Startup eBikeGo founded in 2017 by Irfan Khan.
Niki.ai: Bengaluru-based commerce platform Niki.ai has raised an undisclosed amount in a Series A round of funding from Washington-based venture capital fund EMVC. Ratan Tata, Ronnie Screwvala’s Unilazer Ventures, Haresh Chawla are early-stage investors in the Voice-based machine learning leveraging startup.