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  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of ChattyBao, Threado, Crypso, and more. In exits, we will cover the acquisition of Parker by Steward Partners Global Advisory among others.

    Starting with our deep dive into funding rounds, tech companies in India raised close to $22 million of funding across 17 funding rounds during this week.

    In a major funding event, Online Grocery startup, ChattyBao, raised $5 million in a Seed funding round led by Info Edge and Vertex Ventures with participation from 7Square Ventures. ChattyBao is a provider of software solutions for grocery retailers. It provides a platform that enables users to connect with local merchants through the WhatsApp application. ChattyBao allows users to search, chat, order products, make online payments, and request home delivery from nearby merchants. Founded in 2021 by IIM Ahmedabad alumni and IIT Madras alumni, Delhi-based, ChattyBao, has raised $5 million till date.

    Enterprise Applications startup, Threado, raised around $3 million in a Seed funding round led by Vertex Ventures with participation from Speciale Invest, PointOne Capital, Gemba Capital, and others. Threado offers cloud-based community management solutions. It provides engagement tools to manage conversations, share files, offer social calendars, and more. Threado also personalizes interactions, automates community workflows, and delivers insights for customer engagement. Founded in 2020 by IIT Kharagpur alumni, Gurgaon-based, Threado, has raised over $3 million till date.

    Bangalore-based, FinTech startup, Crypso, raised $3 million in a Seed funding round from Hashed, Whiteboard Venture Partners, Better capital, and others. Crypso offers an online crypto-focused social trading platform. It allows users to join a community of crypto investors, create chat groups, and follow top crypto influencers, signals & portfolios. Founded in 2021 by IIT Kharagpur alumni and IIT Bombay alumni, Crypso has raised over $4 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 31 Jul 2022.

    Mumbai-based startup, Parker, was acquired by Steward Partners Global Advisory. Parker is a provider of motion and control technologies. It offers precision engineered solutions for mobile, industrial and aerospace markets. Its product offerings include cylinders, actuators, gas generators, purifiers, and more. Parker was founded in 1918.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of Niyo, Eka Care, Fitterfly, and more. In exits, we will cover the acquisition of IPLTech Electric by TI Clean Mobility, among others.

    Starting with our deep dive into funding rounds, tech companies in India raised over $83 million of funding across 18 funding rounds during this week.

    In a major funding round, Bangalore-based, FinTech startup, Niyo, raised $30 million of funding led by Multiples Alternate Asset Management. Niyo is an internet first digital bank. Niyo offers a payroll card and a zero balance account with facilities like account opening, advance salary, and free accidental insurance. It provides zero foreign currency exchange premium and deposits in the users account viacentralized payment system operated by the Reserve bank of India. Founded in 2015 by IIM Calcutta alumni, Niyo, has raised $179 million till date.

    HealthTech startup, Eka Care, raised $15 million in a Series A funding round led by Hummingbird Ventures with participation from Mirae Asset, Verlinvest, Aditya Birla Ventures, and others. Eka care provides a telehealth solution for patients and doctors to schedule appointments. It allows patients to get a complete assessment of symptoms and helps patients in managing their health records. Eka care offers a digital prescription tool that provides ML-driven dosage suggestions for doctors and creates FHIR compliant electronic health records. Founded in 2021, Bangalore-based, Eka Care, has raised over $19 million till date.

    Mumbai-based, HealthTech startup, Fitterfly, raised $12 million in a Series A funding round led by Fireside Ventures with participation from 9Unicorns, Venture Catalysts, Sriram Natarajan, and others. Fitterfly offers a digital therapeutic application for the management of diseases like diabetes, PCOS, clinical obesity, child nutrition, general wellness, pregnancy and lactation. It also allows users to measure and monitor blood sugar levels, exercise, sleep, stress and provides suggestions with customized meal recommendations based on the data. Founded in 2016, Fitterfly, has raised close to $18 million till date.

    JAR, a Bangalore-based, FinTech startup, raised over $2 million in a Series A funding round. JAR provides an application-based savings and gold investment platform. It allows users to buy and sell gold assets online. It also allows users to save money by taking spare change from online transactions and facilitates automatic investments. The application is available for Android platforms on the Google Play Store. Founded in 2021, JAR, has raised over $39 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 5 exits during the week of 24 Jul 2022.

    Auto Tech startup, IPLTech Electric, was acquired by TI Clean Mobility. IPLTech Electric is a manufacturer of electric trucks with features such as extended battery range, geofencing, live vehicle tracking, regenerative braking, and more. Faridabad-based, IPLTech Electric, was founded in 2018.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

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  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of OneScore, LifeWell, Garuda Aerospace, and more. In exits, we will cover the acquisition of Clinix by MediBuddy among others.

    Starting with our deep dive into funding rounds, tech companies in India raised over $362 million of funding across 27 funding rounds during this week.

    In a major funding event, FinTech startup, OneScore, raised $102 million in a Series D funding round led by Temasek, with participation from QED Investors, Sequoia Capital, Hummingbird Ventures, and others. With this funding round, OneScore achieved unicorn status. It offers a credit score management platform that allows users to check for credit scores, credit card history and loan updates. It also offers tips and suggestions with personalized insights to improve the credit score. Founded in 2019 by IIT Delhi alumni and IIM Bangalore alumni, Pune-based, OneScore has raised $305 million till date.

    Mohali-based, HealthTech startup, LifeWell, raised $80 million of funding led by Orbimed. LifeWell, provides an online platform that allows users to buy multiple healthcare products such as breast care products, Covid-19 essentials, pulse oximeters, general health products, home care products, non-contact infrared thermometers, and more. Founded in 2020, LifeWell, has raised $80 million till date.

    Chennai-based, Maritime and Defense Tech startup, Garuda Aerospace, raised $30 million in a Series A funding round. Garuda Aerospace, designs and builds unmanned aerial vehicles, customizes drones for various applications like photography, agricultural survey, surveillance, and more. It also offers services in the areas of agriculture, crowd monitoring, defense and wildlife monitoring. Founded in 2015, Garuda Aerospace, has raised over $31 million till date.

    Energy Tech startup, Detect Technologies, raised $28 million in a Series B funding round led by Prosus, with participation from Accel, Bharat Fund, Bluehill Capital, and others. Detect Technologies, provide solutions for pipeline integrity monitoring and inspection with AI-driven products that help in predictive maintenance of oil and gas pipeline leakages. It also offers an automated and continuous condition monitoring system for pipelines that can operate at extreme temperatures. Founded in 2016 by IIT Madras alumni, Chennai-based, Detect Technologies, has raised over $45 million till date.

    Vegrow, Hyderabad-based, CropTech startup, raised $25 million in a Series B funding round led by Prosus, with participation from Ankur Capital, Matrix Partners India, Lightspeed Venture Partners, and others. It provides tech-enabled farming and personalized advisory services to farmers based on soil, water, weather, stage of the crop, and more. It also helps farmers in improving the utilization of farms through field intervention in horticulture crops. Founded in 2020 by IIT Madras alumni and IIT Kharagpur alumni, Vegrow has raised over $40 million till date.

    Bangalore-based, HealthTech startup, Wysa, raised $20 million in a Series B funding round led by HealthQuad, with participation from Kae Capital, Pi Ventures, W Health Ventures, and others. It provides an AI-based chatbot for managing mental health and measures users emotions using cognitive-behavioral techniques. It also uses machine learning to understand the emotional state of the user and proactively reaches out to the user for help as and when required. Founded in 2015, Wysa, has raised over $30 million till date.

    Life Sciences startup, String Bio, raised $20 million in a Series B funding round led by Woodside, with participation from Ankur Capital, Zenfold, Dare Venture Group, and others. String Bio, develops synthetic biotechnology solutions for waste carbon recycling and focuses on the production of high-value products, like feedstocks. It also produces high-performance polymers from industrial waste carbon, such as methane and CO2, using metabolically engineered bacteria. Founded in 2013, Bangalore-based, String Bio, has raised over $24 million till date.

    Wheelocity, Chennai-based, E-Commerce startup, raised $12 million in a Series A funding round led by Lightspeed Venture Partners, and Anicut Capital. It provides a platform that offers technology-driven solutions for the commerce ecosystem to integrate with all touchpoints of the value chain. Wheelocity also offers fulfillment centers, proprietary network design, IoT-enabled operational frameworks, shared infrastructure models, last-mile delivery, and more. Founded in 2005 by IIT Madras alumni, Wheelocity, has raised $12 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 17 Jul 2022.

    Hyderabad-based, HealthTech startup, Clinix, was acquired by MediBuddy. Clinix provides a platform that enables users to book appointments and connect with doctors for consultation and medical advice via chat, audio, or video call. It also offers continuous chronic care from diabetologists, cardiologists, neurologists, pulmonologists, orthopedics, and oncologists. Clinix was founded in 2021 by BITS Pilani alumni.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at

    [email protected] you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of OneCard, BookMyShow, InsuranceDekho, and more. In exits, we will cover the acquisition of Shippigo by Emiza among others.

    Starting with our deep dive into funding rounds, tech companies in India raised around $372 million of funding across 18 funding rounds during this week.

    In a major funding event, FinTech startup, OneCard, raised $100 million in a Series D funding round led by Temasek, and GIC. It offers an application that allows users to control all aspects of credit cards including credit limit, instant rewards redemption, domestic and international use, online and offline transactions, contactless payments, and more. It also provides a loyalty program to consumers by offering them reward points and allowing them to redeem on their next purchase. Founded in 2019 by IIT Delhi alumni and IIM Bangalore alumni, Pune-based, OneCard has raised $226 million till date.

    Media and Entertainment startup, BookMyShow, raised $100 million in a Series D funding round led by TPG. Book My Show offers a ticketing platform for theaters, sports, activities, fan hood, workshops, concerts, dramas, movies, and more. It also allows users to host events, and provides online marketing solutions through its gateway. The application is available for iOS and Android users. Founded in 1999, Mumbai-based Book My Show has raised $328 million till date.

    Haryana-based, FinTech startup, InsuranceDekho, raised $100 million. It offers an online comparison platform for life, property, and casualty insurance. InsuranceDekho allows users to choose from various policies, compare prices, and make payments. It also provides technical support and assistance during claim settlements and offers insurance plans for health, cars, and bikes. Founded in 2009, InsuranceDekho has raised $120 million till date.

    FinTech startup, Innoviti, raised $45 million in a Series D funding round led by Panthera Growth Partners. Innoviti offers POS and payment management software solutions for businesses. It offers a collaborative commerce payments platform for merchants to accept payments from credit cards, debit cards, mobile wallets, and UPI. It also enables lenders to disburse loans and extend EMI services to customers at POS terminals. Founded in 2002 by IIT Bombay alumni, Bangalore-based Innoviti has raised $130 million till date.

    MarketWolf, Mumbai-based, FinTech startup, raised $10 million in a Series A funding round led by Dream Sports and Jungle Ventures with participation from Crescent Capital Group, 9Unicorns, iSeed, and others. MarketWolf provides an app-based trading platform for stocks, commodities, indices, and forex. The application lets users invest in different instruments based on trading preferences and risk appetite. It allows users to start trading using practice mode based on experience, and progress as they learn along the way. Founded in 2017 by IIT Delhi alumni, MarketWolf has raised over $17 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 10 Jul 2022.

    Gurgaon-based, Transportation and Logistics Tech startup, Shippigo, was acquired by Emiza. Shippigo being a multi-carrier shipping solution, allows e-tailers to integrate their shopping carts and web stores to import shipping details. It allows users to manage reverse logistics and allows them to further search, compare prices, book services, and print shipping labels for multiple partner carriers. Shippigo was founded in 2018.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of Progcap, SOLV, GetVantage, and more. In exits, we will cover the acquisition of StayAbode by Housr among others.

    Starting with our deep dive into funding rounds, tech companies in India raised around $174 million of funding across 19 funding rounds during this week.

    FinTech startup, Progcap, raised $40 million in a Series C funding round led by Creation Investments, Tiger Global Management, and Google with participation from Sequoia. Progcap offers an online lending marketplace for working capital loans. Progcap provides customized financing solutions for micro and small businesses where users can apply for collateral-free loans using the mobile app or web platform for instant loan approval. Its platform offers a credit model solution that evaluates borrowers' creditworthiness based on business activities data and supply chain ecosystem parameters. Founded in 2016, Delhi-based Progcap has raised $101 million till date.

    Bangalore-based, E-commerce startup, SOLV, raised $40 million in a Series A funding round led by SBI Holdings with participation from SC Ventures, and Standard Chartered. SOLV offers a chat-based platform that helps small businesses to connect with new customers and suppliers. It allows users to buy and sell products at wholesale prices across categories such as farm products, hospitality, restaurants, electronics, and more. It also provides small businesses with various financing options such as business installment loans, short-term credit for orders, financing for inventory, and receivables. Founded in 2019 by BITS Pilani alumni, SOLV has raised $40 million till date.

    GetVantage, a FinTech startup, raised $36 million in a Series A funding round led by VCAPL and Sparkle Fund with participation from Haldiram Foods International, Dream Incubator, Chiratae Ventures, and others. GetVantage provides an online platform for revenue-based financing. It offers finance for digital expenditures and loans in return for a fixed percentage of ongoing gross revenues. It features machine-driven credit decisions, loan disbursement via credit cards, repayments via payment gateways, and more. Founded in 2019, Mumbai-based GetVantage has raised over $41 million till date.

    Noida-based, Enterprise Applications startup, Connecto, raised $21 million from Pixspan. Connecto builds tools that help marketers and product managers to engage with their customers. It offers widgets that personalizes websites and maximizes leads capture and sales on the website. Its features include automated lead scoring, user targeting, profile matching, and more. Founded in 2013, Connecto has raised $21 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 03 Jul 2022.

    Real Estate and Construction Tech startup, StayAbode, was acquired by Housr. StayAbode provides listings of managed co-living spaces with relevant information about the property, location and contacts. It provides facilities including community spaces like gaming rooms, music, internet, housekeeping, study space, laundry room, printing, and parking. Its users can search for rental spaces based on location through the platform and owners can advertise their co-living spaces. Founded in 2016 by ex-Goldman Sachs employee, StayAbode has raised close to $2 million till date from Martin & Harris, Incubate Fund India, Veeraa Ventures, and others.

    This was all for today, we will be back next Monday with more updates. You can usubscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of LeadSquared, Leap Scholar, Appsmith, and more. In exits, we will cover the acquisition of Setu by Pine Labs, among others.

    Starting with our deep dive into funding rounds, tech companies in India raised over $364 million of funding across 19 funding rounds during this week.

    In a major funding round event, Bangalore-based Enterprise Applications startup, LeadSquared, raised $153 million in a Series C funding round led by WestBridge Capital with participation from Gaja Capital, IFC and Stakeboat Capital. LeadSquared is a provider of cloud-based marketing automation and sales productivity solutions. It enables businesses to capture, engage and convert leads from online marketing, create landing pages, segment leads, and send automated personalised emails to customers. Founded in 2011, LeadSquared has raised $191 million till date.

    EdTech startup, Leap Scholar, raised $75 million in a Series D funding round led by Owl Ventures with participation from Paramark Ventures, Sequoia Capital, Steadview Capital, and others. Leap Scholar is a provider of guidance for admission and scholarships. Its platform offers assistance for students pursuing education abroad, such as counselling services, visa services, test preparation services, and education loans. Founded in 2019 by IIT Kharagpur alumni, Bangalore-based Leap Scholar has raised over $152 million till date.

    Appsmith, a Bangalore-based Enterprise Infrastructure startup, raised $41 million in a Series B funding round led by Insight Partners with participation from Accel, OSS Capital, Canaan, and others. Appsmith is a provider of cloud-based solutions for the development of admin panels. Its features include feedback and reports, collaboration, bug reporting, user interface creation, identity management, and API integration. Founded in 2019, Appsmith has raised over $51 million till date.

    In another funding round event, Auto Tech startup, Statiq, raised over $25 million in a Series A funding round from Shell Ventures. Statiq is a provider of electric vehicle charging solutions. It enables users to locate nearby charging stations and book slots using the app. Its charging stations are located at parking places like office parking, shopping malls, residential apartments and restaurant parking spaces. Founded in 2019, Gurgaon-based Statiq has raised over $27 million till date.

    Online Grocery startup, WayCool, raised $25 million in a funding round led by 57 Stars. WayCool is an online distributor of farm products. It procures fruits, dairy, and vegetables directly from farmers, aggregators, and cooperatives for supply to hotels, restaurants, retailers, and wholesalers. It also offers an app that enables clients to order food and produce. Founded in 2015, Chennai-based WayCool has raised close to $272 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 2 exits during the week of 26 Jun 2022.

    Bangalore-based FinTech startup, Setu, was acquired by Pine Labs. Setu is a provider of open-banking aggregation APIs. It partners with financial institutions, creates accounts, and manages them. It routes the payment across networks and offers solutions for businesses in order to offer financial services to their customers. It also offers toll payment collection solutions. Founded in 2018 by IIT Madras alumni, Setu has raised over $18 million till date.

    In another acquisition event, Jalgaon-based Crop Tech startup, Jain Irrigation Systems, was acquired by Rivulis Irrigation. Jain Irrigation Systems is a manufacturer and distributor of irrigation equipment. Its product offerings include drip irrigation systems, sprinkler irrigation systems, PVC pipes, irrigation fittings, and greenhouse and lighting equipment. Founded in 1963, Jain Irrigation Systems has raised $690 million till date.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of ShareChat, upGrad, Infra.Market, and more. In exits, we will cover the acquisition of Pickrr by ShipRocket, among others.

    Starting with our deep dive into funding rounds, tech companies in India raised over $712 million of funding across 26 funding rounds during this week.

    In a major funding round event, Bangalore-based Media & Entertainment startup, ShareChat, raised $255 million from The Times Group and Google. ShareChat is a vernacular-based social networking platform. It enables users to share content in various Indian languages, follow local celebrities, expand their network, read news, horoscopes, poetry and satire on Indian politics, and play microgames. Founded in 2015, ShareChat has raised over $1.7 billion till date.

    Mumbai-based EdTech startup, upGrad, raised $225 million in a funding round led by ArcelorMittal and Lupa Systems with participation from Temasek, ETS, Sunil Bharti Mittal, and others. upGrad is an app-based platform providing higher education programs for working professionals. It offers online accredited courses and certificates in relevant industries such as e-commerce, big data, and BFSI. It provides courses on finance, operations, strategy, leadership, and more. It also provides one-on-one career guidance solutions. Its mobile app is available for Android and iOS devices. Founded in 2015, upGrad has raised close to $723 million till date.

    Infra.Market, a Real Estate and Construction Tech startup, raised $50 million from Accel, Evolvence India, Nexus Venture Partners, and others. Infra.Market is an online marketplace for procuring construction materials. It provides users with access to materials like cement, ready-mix concrete, aggregates, and construction chemicals. It also includes features like cloud manufacturing, value-chain control, retail as a service, and equipment banking. Founded in 2017, Thane-based Infra.Market has raised $382 million till date.

    Mumbai-based Gaming startup, FanClash, raised $40 million in a Series B funding round from Info Edge, Sequoia Capital, Falcon Edge Capital, and others. FanClash is an e-sports fantasy gaming platform. Its features include e-sports tournament management, fantasy contests management, and league management. Founded in 2020, FanClash has raised over $50 million till date.

    In another funding round event, Delhi-based Auto Tech startup, Battery Smart, raised $25 million in a Series A funding round from Tiger Global Management. Battery Smart operates a network of battery-swapping stations for electric vehicles. It enables electric three-wheelers and two-wheelers to swap interoperable Lithium-ion batteries. It also offers a mobile application for users to find charging stations, and for partners to manage the charging station operations. Founded in 2020 by IIT Kanpur alumni, Battery Smart has raised over $36 million till date.

    Bangalore-based FinTech startup, Innoviti, raised $22 million in a Series D funding round from Alumni Ventures. Innoviti is a provider of POS and payment management software for businesses. It offers a collaborative payment platform for merchants to accept payments from credit cards, debit cards, mobile wallets, and UPI. It also enables lenders to disburse loans and extend EMI services to customers at POS terminals. Founded in 2002 by IIT Bombay alumni, Innoviti has raised over $84 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 6 exits during the week of 19 Jun 2022.

    Transportation and Logistics Tech startup, Pickrr, was acquired by ShipRocket. Pickrr is an AI and SaaS-based marketplace for end-to-end delivery services. It provides reverse logistics, as well as doorstep pick and pack services. It also acts as a closed marketplace for courier services and enables businesses to book their shipping requirements, track shipments and generate reports. Founded in 2015, Faridabad-based Pickrr has raised over $16 million till date.

    In another acquisition event, Delhi-based E-commerce startup, Overcart, was acquired by ControlZ. Overcart is a marketplace for over-stock, unboxed, and pre-owned electronic products. It enables customers to buy and sell quality-certified, pre-owned, new, unboxed, refurbished, overstocked and carton-damaged products. The portal enables users to browse through the catalog of preowned products or sell their own. It also helps businesses set up their liquidation process, provides pricing data for unboxed items, and liquidates through an exclusive marketplace. Founded in 2012, Overcart has raised over $3 million till date.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of CRED, PW, Kissht, and more. In exits, we will cover the acquisition of Lybrate by Pristyn Care.

    Starting with our deep dive into funding rounds, tech companies in India raised around $476 million of funding across 26 funding rounds during this week.

    In a major funding round event, FinTech startup, CRED, raised $140 million in a Series F funding round led by GIC with participation from Alpha Wave Global, DF International Group, Tiger Global Management, and others. CRED is a provider of an app-based and reward-enabled payment platform for credit card bills. It allows credit card users to pay their bills and earn cred coins, which can be redeemed for prizes from partner companies. It helps users manage various credit cards, keep a track of credit ratings in real-time, and utilise calculators for home loans, EMIs, PPFs, and other financial products. The app is compatible with both iOS and Android devices. Founded in 2018, Bangalore-based CRED has raised around $1 billion till date.

    Noida-based PW, an EdTech startup, raised $100 million in a Series A funding round from WestBridge Capital and GSV Ventures. PW is a provider of an app-based tutoring platform for students. It offers tutoring on subjects like physics, math, chemistry, botany and economics. Additionally, PW provides study resources for exams like notes, recorded videos, and reference books. Its app is available for Android devices. Founded in 2016, PW has raised $100 million till date.

    FinTech startup, Kissht, raised $80 million in a Series E funding round led by Vertex Growth with participation from Endiya Partners and The Solvent Extractors' Association of India. Kissht is an online marketplace for consumer loans. It offers loans such as personal loans, point-of-sale financing, credit lines, and more. It allows users to register through the KYC process by uploading their Aadhar card. Founded in 2015, Mumbai-based Kissht has raised $131 million till date.

    In another funding round event, E-commerce startup, Cashify, raised $50 million in a Series E funding round led by Prosus with participation from Paramark, American Electric Power, Bessemer Venture Partners, and others. Cashify is an online platform offering pre-used gadgets and accessories. It enables users to sell phones, tablets, gaming consoles, cameras, TVs, audio devices, and laptops. Founded in 2013, Gurgaon-based Cashify has raised $90 million till date.

    Mumbai-based Purplle, a Beauty Tech startup, raised $33 million in a Series E funding round led by Paramark with participation from Premji Invest, Blume Ventures and Kedaara Capital. Purplle is an online marketplace for multi-category beauty products. Its offerings include makeup, fragrances, grooming kits, and products for facial, skin, body, hair and eye care, as well as beauty appliances. Founded in 2011, Purplle has raised $309 million till date.

    FinTech startup, FlexiLoans, raised $27 million in a Series B funding round from Maj Invest and Fasanar. FlexiLoans is an online marketplace for business loans. It offers multiple types of business loans including vendor financing, term loans, business credit lines, and purchase order financing. To apply for a loan, businesses must add the required details and obtain approval which is based on proprietary credit assessment. Once approved, the funds are transferred to the registered bank account. Founded in 2015, Mumbai-based FlexiLoans has raised over $62 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 12 Jun 2022.

    In another acquisition event, Media & Entertainment startup, Mitron, was acquired by Koo App. Mitron is a social platform for sharing short videos. It allows users to create short, humorous videos using various filters, and share them with other users on the platform. Founded in 2000, Bangalore-based Mitron has raised around $9 million till date.

    Delhi-based HealthTech startup, Lybrate, was acquired by Pristyn Care for over $15 million. Lybrate is a multi-speciality telemedicine platform. It enables patients to consult with doctors over chat, phone or video call. Users can search for doctors based on their specialisation, ratings, and reviews. It also offers appointment booking for physical visits to the doctor, and an online marketplace for diagnostic tests. Lybrate includes a practice management solution for doctors. Founded in 2013, Lybrate has raised over $14 million till date.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of Ampere Vehicles, Cuemath, SUGAR Cosmetics, and more. In exits, we will cover the acquisition of OneDirect by Gupshup, among others.

    Starting with our deep dive into funding rounds, tech companies in India raised close to $559 million of funding across 31 funding rounds during this week.

    In a major funding event, Coimbatore-based Auto Tech startup, Ampere Vehicles, raised $220 million from Abdul Latif Jameel. Ampere Vehicles is a manufacturer of electric scooters. Its features include front suspensions, long-range, multiple colour options and Lithium-ion batteries. Founded in 2008, Ampere Vehicles has raised close to $229 million till date.

    EdTech startup, Cuemath, raised $57 million in a funding round led by Alpha Wave Global with participation from Manta Ray, Aspada Investments, Sequoia Capital, and others. Cuemath is a provider of live online classes for school students. It offers interactive, 1-on-1 classes and math tutoring solutions, with features like workbooks, puzzle cards, tab-based math activities, and personalised learning. Founded in 2013 by IIT Delhi alumni, Bangalore-based Cuemath has raised $126 million till date.

    Mumbai-based SUGAR Cosmetics, an E-commerce startup, raised $50 million in a Series D funding round led by L Catterton with participation from A91 Partners, India Quotient, and Elevation. SUGAR Cosmetics is an internet-first brand of multi-category cosmetics. It offers products such as lipsticks, nail polishes, eyeliners, definers, highlighters, and more. It also provides gift boxes that include an assortment of various beauty products packed together. Founded in 2012, Mumbai-based SUGAR Cosmetics has raised close to $81 million till date.

    In another funding round event, Food Tech startup, Curefoods, raised $50 million in a Series C funding round led by Winter Capital with participation from Chiratae Ventures and Iron Pillar. Curefoods is an internet-first restaurant. Its menu includes pizzas, biryanis, parathas, and more from brands like EatFit, Aligarh House and Masalabox. Founded in 2016, Bangalore-based Curefoods has raised $118 million till date.

    slice, a Bangalore-based FinTech startup, raised $50 million in a Series C funding round led by Tiger Global Management with participation from Moore Ventures, Insight Partners, and GMO Venture Partners. Slice is a provider of credit cards for consumers. It offers credit cards for bill payments, cash withdrawals, online and offline purchases. It enables users to avail of cash loans and make repayments in installments, as well as an app-based virtual credit card for online transactions. Founded in 2016, slice has raised $331 million till date.

    Online Grocery startup, bigbasket, raised around $45 million from Supermarket Grocery Supplies. bigbasket is an online retailer of groceries and essentials. It allows users to purchase products like fruits, vegetables, staples, baked products, snacks, beverages, personal and baby care products. Founded in 2011, Bangalore-based bigbasket has raised close to $853 million till date.

    In another funding round event, Orange Health, a HealthTech startup, raised $25 million in a Series B funding round led by Bertelsmann India Investments and General Catalyst Partners, with participation from Accel, Uncorrelated Ventures, Good Capital, and others. Orange Health is a provider of home-based diagnostic test services. Users can have their samples collected from their homes, as well as access reports through the platform. It offers health checkups for lifestyle-related disorders, infectious diseases, and more. Founded in 2020, Bangalore-based Orange Health has raised around $35 million till date.

    Gurgaon-based Synaptic, a FinTech startup, raised $20 million in a Series B funding round led by Valor Equity Partners. Synaptic is a provider of a data analytics platform. It provides investors and financial institutes with AI-based alerts for tracking portfolio companies, competitors, and sectors, using analysis-based algorithms and hypotheses. Founded in 2016, Synaptic has raised $26 million till date.

    Media & Entertainment startup, Eloelo, raised $13 million in a Series A funding round led by KB Investment and Kalaari Capital, with participation from Rocket Capital, Lumikai, Convivialite Ventures, and others. Eloelo is a provider of a social gaming platform. It allows users to play live games with their favourite creators and earn money, as well as vote for creators and other content. Founded in 2020, Bangalore-based Eloelo has raised over $31 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 05 Jun 2022.

    Delhi-based Enterprise Applications startup, OneDirect, was acquired by Gupshup. OneDirect is a provider of cloud-based customer support and experience management software for enterprises. It enables them to track and process data from social media mentions, aggregate multi-channel feedback, define workflows, complete actionables, reach out to potential customers, and perform online reputation benchmarking. OneDirect was founded in 2013.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of 1K Kirana Bazaar, Blu Smart, Wint Wealth, and more. In exits, we will cover the acquisition of CareerSocially by Aurum House among others.

    Starting with our deep dive into funding rounds, tech companies in India raised around $92 million of funding across 20 funding rounds during this week.

    E-commerce startup, 1K Kirana Bazaar, raised $25 million in a Series B funding round led by Alpha Wave Global with participation from Kae Capital, Infimomentum Venture, Info Edge Ventures, and others. 1K Kirana Bazaar is a provider of retail store aggregation solutions for grocery stores. 1K Kirana Bazaar offers a distribution system and in-house technology-enabled platform with features like branding, store infrastructure upgrades, merchandising, pricing communication, billing, real-time inventory management, promotions, and a business dashboard. Founded in 2018, Gurgaon-based 1K Kirana Bazaar has raised around $34 million till date.

    In another funding round event, Blu Smart, an Auto Tech startup, raised $15 million in a Series A funding round led by BP Ventures and Green Frontier Capital with participation from Stride Ventures, Alteria Capital and Black Soil. Blu Smart is an app-based provider of electric vehicle ride-hailing services. Blu Smart enables users to book their rides by providing details like location and passenger details, with services like local rides, airport transfers, hourly rentals, and more. Blu Smart also offers EV-charging host services. Founded in 2018, Ahmedabad-based Blu Smart has raised close to $57 million till date.

    Wint Wealth, a Bangalore-based FinTech startup, raised over $14 million in a Series A funding round led by Eight Roads Ventures with participation from Billionbrains Garage Ventures, Blume Ventures, Nxg Innovation, and others. Wint Wealth is an online investment platform focused on fixed-income funds. Wint Wealth allows users to buy, sell, and invest in fixed deposits, bonds, MFs and gold assets. Wint Wealth is regulated by RBI and assists users in investing in gold-backed debts. Founded in 2020, Wint Wealth has raised around $26 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 7 exits during the week of 29 May 2022.

    Noida-based Real Estate and Construction Tech startup, CareerSocially, was acquired by Aurum House. CareerSocially is a provider of AI-driven lead generation software for real estate professionals. CareerSocially enables members to generate leads using AI, automatically assign them to the befitting person, as well as save leads into the CRM, nurture leads, and connect with them to improve conversions. CareerSocially also offers solutions to manage and track tasks. Founded in 2016 by BITS Pilani alumni, CareerSocially has raised $1 million till date.

    Online Grocery startup, True Elements, was acquired by Marico. True Elements is a provider of healthy snacks and supplements. True Elements offers ready-to-eat items like seed and nut mixes, protein-rich, plant-based eatables, and snacks for weight loss, PCOS and diabetes patients. True Elements also provides natural supplements in the form of teas, honey, super grains and alternative medicine. Founded in 2015, Pune-based True Elements has raised over $3 million till date from SIDBI Venture Capital, Vinners, Amit Bhuchar, and others.

    In a major development this week, Transportation and Logistics Tech startup, Delhivery, went public. Delhivery is a provider of end-to-end fulfillment services for e-commerce companies. Delhivery offers last-mile deliveries, third-party and transit warehousing, reverse logistics, payment collection, vendor-to-warehouse and vendor-to-customer shipping, cross-border services, supply chain and tracking services for shipments. Founded in 2011 by IIT Bombay alumni and IIT Kanpur alumni, Gurgaon-based Delhivery has raised $1.7 billion across several funding rounds. Major investors who backed the company in its early stages include enterprises like Tiger Global Management, SoftBank Vision Fund, Fidelity Investments, and others.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of GreyOrange, Fashinza, BlissClub, and more. In exits, we will cover the acquisition of WealthDesk by PhonePe, among others.

    Starting with our deep dive into funding rounds, tech companies in India raised close to $251 million of funding across 22 funding rounds during this week.

    In a major funding round event, Gurgaon-based Transportation and Logistics Tech startup, GreyOrange, raised $110 million in a Series D funding round from BlackRock and Mithril. GreyOrange is a provider of warehouse automation robots. GreyOrange offers AI-enabled software that integrates with the robots, so that the robots can communicate with each other and with the central system, creating continuous feedback between the algorithms and real-time operations on floor. GreyOrange provides a fleet of mobile robots for moving materials around the warehouse more efficiently, and a fully automated sortation system to sort and divert outbound packets. Founded in 2011 by BITS Pilani alumni, GreyOrange has raised $411 million till date.

    Fashinza, an E-commerce startup, raised $60 million in a Series B funding round led by WestBridge Capital and Prosus, with participation from Accel, DisruptAD, ADQ, and others. Fashinza is a provider of a supply chain and product development platform for the fashion industry. Fashinza enables apparel and fashion brands to connect with manufacturers and suppliers, with features like supply chain visibility and procurement stage tracking, fabric design, cost calculation and sampling, production management, quality checking, and delivery. Founded in 2020 by IIT Delhi alumni, Gurgaon-based Fashinza has raised $135 million till date.

    Bangalore-based E-commerce startup, BlissClub, raised $15 million in a Series A funding round led by Eight Roads Ventures and Elevation, with participation from Sriharsha Majety, Ghazal Alagh, Vivek Gupta, and others. BlissClub is an internet-first brand offering sportswear for women. BlissClub includes products like sports apparel, tank tops, leggings, and co-ords sets. Founded in 2020, Bangalore-based BlissClub has raised around $17 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 22 May 2022.

    WealthDesk, a Mumbai-based FinTech startup was acquired by PhonePe. WealthDesk is an online platform enabling EFT investments. WealthDesk allows users to look at the list of funds that match their risk appetite, select the amount they want to invest, and track their investments. WealthDesk includes features like funds deposits and withdrawals, and setting up of SIPs. Founded in 2016, WealthDesk has raised close to $5 million till date.

    In another acquisition event, FinTech startup OpenQ was acquired by PhonePe. OpenQ is a provider of a wealth management platform. OpenQ offers tools for investment idea generation and evaluation, as well as analytics-based recommendations, and investment baskets. Andheri-based OpenQ was founded in 2018.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of Razorpay, GoKwik, Vivriti Capital, and more. In exits, we will cover the acquisition of Sqrrl by CASHe and the IPO by Delhivery.

    Starting with our deep dive into funding rounds, tech companies in India raised around $172 million of funding across 21 funding rounds during this week.

    Bangalore-based Razorpay, a FinTech startup, raised $75 million in a Series F funding round led by Moore Strategic Ventures and Lightspeed Venture Partners. Razorpay achieved unicorn status on 12th October 2020 when it raised $100 million from GIC, Sequoia Capital and others. Razorpay is a provider of payment processing solutions for businesses. Razorpay offers payment gateways and link-based payment solutions, acceleration and automation solutions for banking operations, and working capital loans and corporate credit cards. Razorpay includes features like UPI-based recurring payments, buttons to accept payments on websites, and AI-enabled fraud management. Founded in 2014 by IIT Roorkee alumni, Bangalore-based Razorpay has raised $817 million till date.

    E-commerce startup, GoKwik, raised $35 million in a Series B funding round led by Think Investments and RTP Ventures with participation from Sequoia and Matrix Partners India. GoKwik is a provider of e-commerce enablers. GoKwik enables users to shop from various e-commerce websites and provides AI-based shopping solutions from ordering to delivery. Founded in 2020, Delhi-based GoKwik has raised over $55 million till date.

    In another funding round event, Vivriti Capital, a FinTech startup, raised $30 million in a Series C funding round led by TVS Capital Funds. Vivriti Capital is a debt financing platform for corporates, SMEs and individuals. Vivriti Capital offers a range of financial products including loans, receivables finance, working capital, structured debt, and capital market instruments. Vivriti Capital also includes webinars, blogs, and insights to assist with lending decisions. Founded in 2017 by IIT Kharagpur alumni and IIM Bangalore alumni, Chennai-based Vivriti Capital has raised $195 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 15 May 2022.

    Delhi-based FinTech startup, Sqrrl, was acquired by CASHe. Sqrrl is an app-based personal finance and financial planning platform for individuals. Sqrrl allows users to save for goals, invest in a mutual fund or income tax saving plans, and receive personal loans. Founded in 2016 by IIT Kharagpur alumni, Sqrrl has raised over $1 million till date.

    In a major development this week, Transportation and Logistics Tech startup, Delhivery, went public. Delhivery achieved unicorn status on 6th March 2019 when it raised $413 million from Softbank Vision Fund and others. Delhivery is a provider of end-to-end fulfillment services for e-commerce companies. Delhivery offers last-mile deliveries, third-party and transit warehousing, reverse logistics, payment collection, vendor-to-warehouse and vendor-to-customer shipping, cross-border services, supply chain and tracking services for shipments. Founded in 2011 by IIT Bombay alumni and IIT Kanpur alumni, Gurgaon-based Delhivery has raised $1.7 billion across several funding rounds. Major investors who backed the company in its early stages include enterprises like Tiger Global Management, SoftBank Vision Fund, Fidelity Investments, and others.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of Zepto, Digit Insurance, ToothSi, and more. In exits, we will cover the acquisition of iVIS by Magellanic Cloud among others.

    Starting with our deep dive into funding rounds, tech companies in India raised around $336 million of funding across 19 funding rounds during this week.

    In a major funding round event, Chennai-based Online Grocery startup, Zepto, raised $200 million in a Series D funding round led by YC Continuity with participation from Nexus Venture Partners, Kaiser Foundation Health Plan, Glade Brook Capital, and others. Zepto is an app-based booking platform for on-demand grocery deliveries. Zepto allows users to order food, groceries, drinks, beauty and wellness products, as well as household essentials. Zepto offers an app for Android & iOS platforms. Founded in 2021 by Stanford University alumni, Zepto has raised $361 million till date.

    InsurTech startup, Digit Insurance, raised over $54 million in a Series D funding round led by Sequoia Capital and India Infoline. Digit Insurance achieved unicorn status when it raised over $18 million dollars on 15th January 2021. Digit Insurance is an app-based insurance platform for individuals. Digit Insurance provides quotes for auto, health, travel and flight delay insurances, with features like a consultant tool to choose the best insurance coverage for a business, and a home loan EMI calculator. Digit Insurance also offers claims processing services, and solutions for agents to offer insurance services to their customers. Founded in 2016, Bangalore-based Digit Insurance has raised $544 million till date.

    Mumbai-based ToothSi, a HealthTech startup, raised $40 million in a Series C funding round led by Paramark Real Estate Services and India Infoline, with participation from Eight Roads Ventures, Aditya Puri and Karan Singh. ToothSi is a provider of an online platform for the purchase of customised dental braces. ToothSi allows users to order impression kits, so that their orthodontists can provide them with free scans and corrections using the impressions. ToothSi delivers the virtual results and aligner bracer kit to users. Founded in 2018, ToothSi has raised around $78 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 08 May 2022.

    Hyderabad-based Security and Surveillance Technology startup, iVIS, was acquired by Magellanic Cloud. iVIS is a provider of electronic security and surveillance software for enterprises. iVIS offers a video surveillance and management solution with features like live video, messaging, viewing of monthly activity summaries, access to archived video clips, as well as mobile access to live feeds with options to select camera views. Founded in 2012, iVIS has raised close to $5 million till date from Provident Capital, Syam Vamulapalli, Jayaram B Naidu, and others.

    In another acquisition event, Home Improvements startup, Renomania, was acquired by Flipspaces. Renomania is a discovery platform for home improvement products and services. Renomania enables users to browse through pictures of home designs categorised under various themes, find and connect with interior designers in their city, as well as discover products for home improvement and renovation. Delhi-based Renomania was founded in 2014 by IIT Kharagpur alumni.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of Turtlemint, Lenskart, Truemeds, and more. In exits, we will cover the acquisition of PipeCandy by Assembly among others.

    Starting with our deep dive into funding rounds, tech companies in India raised around $250 million of funding across 22 funding rounds during this week.

    In a major funding round event, InsurTech startup, Turtlemint, raised $120 million in a Series E funding round led by Amansa Capital, Jungle Ventures and Nexus Venture Partners, with participation from Marshall Wace and Vitruvian Partners. Turtlemint is an online comparison platform for various insurances. Turtlemint offers quotes for life insurance, health insurance and automotive insurance, as well as claims processing services. Founded in 2015, Mumbai-based Turtlemint has raised $250 million till date.

    E-commerce startup, Lenskart, raised $25 million in a Series I funding round led by Epiq Capital Advisors. Lenskart achieved unicorn status on 19th December 2019 when it raised $275 million from SoftBank Vision Fund. Lenskart is an online retailer of eyewear for men, women and kids. Lenskart includes products like computer glasses, sunglasses and contact lenses. Lenskart also provides at-home eye-testing and frame trial services, and offers a mobile app for Android and iOS platforms. Founded in 2010 by IIM Bangalore alumni, Delhi-based Lenskart has raised around $940 million till date.

    Mumbai-based Truemeds, a HealthTech startup, raised $22 million in a Series B funding round led by WestBridge Capital with participation from Indian Angel Network Fund, Asha Impact and Info Edge. Truemeds is an e-pharmacy store. Truemeds enables users to order medicines for the elderly from multiple brands and manufacturers.Truemeds has an AI-based proprietary Triple Check flow-to-check orders before delivery. Founded in 2018 by Indian School of Business alumni, Truemeds has raised close to $28 million till date.

    In another funding round event, Drones startup, ideaForge, raised $20 million in a Series B funding round led by Florintree Infra LLP with participation from Infina Finance, Infosys, India Exim Bank, and others. ideaForge is a provider of drones for aerial surveillance. ideaForge offers portable, lightweight and autonomous UAVs for intelligence, surveillance, and reconnaissance of moving and fixed targets. ideaForge offers drones for the BSF, NDRF, and state police departments. Founded in 2007 by IIT Bombay alumni, Mumbai-based ideaForge has raised close to $49 million till date.

    Skillmatics, a Mumbai-based E-commerce startup, raised close to $16 million in a Series B funding round led by Sofina with participation from Sequoia Capital, and Smiti Holding And Trading Company. Skillmatics is a platform offering educational games. Skillmatics offers activity boxes for skill development, preschool activities, alphabet games, and interactive stories, as well as games with themes like maths and connectors.Skillmatics enables users to browse through products based on age criteria, rating, price and popularity. Founded in 2016, Skillmatics has raised over $26 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 01 May 2022.

    Chennai-based Enterprise Applications startup, PipeCandy, was acquired by Assembly. PipeCandy is a provider of outbound prospecting tools for sales representatives. PipeCandy uses machine learning and natural language processing for automation of email outbound processes of the sales team. PipeCandy includes features like dynamic lists, ranking of prospects, pre-built email templates and leads about when to contact prospective clients through smart tags. Founded in 2015 by an ex-Cisco and ex-Google employee, Pipe Candy has raised around $1 million till date.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of CoinDCX, Financepeer, Recur, and more. In exits, we will cover the acquisition of GlowRoad by Amazon, among others.

    Starting with our deep dive into funding rounds, tech companies in India raised over $326 million of funding across 17 funding rounds during this week.

    In a major funding round event, Mumbai-based FinTech startup, CoinDCX, raised $135 million in a Series D funding round led by Pantera Capital and Steadview Capital with participation from Polychain, Cadenza, B Capital Group, and others. CoinDCX achieved unicorn status in 2021 when it raised $90 million from B Capital Group, and others. CoinDCX is a provider of an app-based cryptocurrency exchange platform. CoinDCX offers crypto deposit, withdrawal, investment and trading solutions for retail, HNI, and enterprise customers. Founded in 2018 by IIT Bombay alumni, CoinDCX has raised $247 million till date.

    FinTech startup, Financepeer, raised $31 million in a Series B funding round led by QED Investors, Aavishkaar Capital and Ardent Venture Partners with participation from 9Unicorns, Sparkle Fund, Capri Global Capital, and others. Financepeer is an online provider of education loans. Financepeer offers loans at zero-cost EMI to help parents pay school fees, with funding for the entire cost of education and related miscellaneous fees. Founded in 2017 by IIM Ahmedabad alumni, Mumbai-based Financepeer has raised close to $38 million till date.

    Delhi-based Recur, a FinTech startup, raised $30 million in a Seed funding round led by Info Edge and Village Global, with participation from Adept Ventures, UGRO Capital, InCred, and others. Recur is an online lending platform for subscription-based businesses. Recur enables them to connect the subscription manager to the platform and share data for valuation, with machine learning-based valuation of limits. Recur also enables investors to invest in multiple companies based on interests. Founded in 2021, Recur has raised $30 million till date.

    In another funding round event, InsurTech startup, Loop Health, raised $25 million in a Series B funding round led by General Catalyst Partners and Elevation, with participation from Khosla Ventures, Optum Ventures, Sierra Ventures, and others. Loop Health is a health benefits administration and management platform for employees. Loop Health offers group health insurance for businesses, as well as a platform for preventative screening and advanced disease detection, and expert opinions on diseases from doctors. Loop Health also facilitates health insurance, medical care and claim management. Founded in 2018, Pune-based Loop Health has raised $40 million till date.

    UrbanPiper, a Food Tech startup, raised $24 million in a Series B funding round led by Sequoia Capital, Tiger Global Management, Swiggy and Zomato, with participation from Saahil Goel, Khadim Batti, Ankit Nagori, and others. UrbanPiper offers order management software for restaurants. UrbanPiper offers centralised dashboards and integrations, and enables users to update the catalogue, pricing, and coupons from the POS. UrbanPiper includes features like inventory management and order status updates. Founded in 2014, Bangalore-based UrbanPiper has raised around $37 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 6 exits during the week of 24 Apr 2022.

    Bangalore-based E-commerce startup, GlowRoad, was acquired by Amazon. GlowRoad is an app-based reselling platform. GlowRoad enables small businesses to connect with enterprising women in a particular locality, who promote the business products and services through online and offline social networks, and organise sales for the business in their locality. Founded in 2017, GlowRoad has raised around $31 million till date.

    In another acquisition event, Gurgaon-based E-commerce startup, ANS Commerce, was acquired by Flipkart. ANS Commerce is a provider of e-commerce solutions for online businesses. ANS Commerce offers solutions for in-store design and development, management of marketplaces, performance marketing, warehouse and fulfillment, customised data-driven dashboards, and third-party integration. Founded in 2010, ANS Commerce has raised over $2 million till date.

    Tookitaki, a Bangalore-based FinTech startup, was acquired by Thunes. Tookitaki is a provider of AI-enabled AML and payment fraud detection solutions. Tookitaki offers an anti-money laundering suite to prevent and combat money laundering, as well as a reconciliation suite for AI-enabled matching and substantiation for reconciliation. Tookitaki also prevents false alerts by monitoring and screening programs. Founded in 2014, Tookitaki has raised over $20 million till date.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reach out to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of Lenskart, Medikabazaar, Medfin, and more. In exits, we will cover the acquisition of Siddhi Vinayak Agri Processing by WayCool among others.

    Starting with our deep dive into funding rounds, tech companies in India raised over $209 million of funding across 11 funding rounds during this week.

    In a major funding round event Delhi-based eCommerce startup, Lenskart raised $100 million in a Series G funding round from Alpha Wave Incubation. Lenskart achieved unicorn status on July 19, 2021 when it raised $220 million from Temasek and Falcon Edge Capital with participation from International Finance Corporation and Bay Capital among others. Lenskart is an online retailer offering eyewear for men, women, and kids. Lenskart's product catalog includes computer glasses, sunglasses, contact lenses, etc. Lenskart also provides at-home eye-testing and frame trial services. The Lenskart mobile app is available on Android and iOS platforms. Founded in 2010 by IIM Bangalore alumni, Lenskart has raised around $915 million till date.

    HealthTech startup, Medikabazaar raised $65 million in a Series D funding round led by Lighthouse with participation from KOIS, Creaegis, and Ackermans & van Haaren. Medikabazaar is an online marketplace platform for medical equipment. Healthcare providers can search, compare, and buy medical products and devices using a voice-based search engine and an online payment portal. Medikabazaar's product categories include hospital devices, materials, medical consumables, dental tools, and customer service on product specification and usage. Founded in 2014 by IIM Calcutta alumni, Mumbai-based Medikabazaar has raised over $165 million till date.

    HealthTech startup, Medfin raised $15 million in a Series B funding round led by Sony with participation from HealthXCapital, Blume Ventures, and Axilor Ventures. Medfin is an online platform for listing medical procedures, hospitals, and clinics. Categories of procedures covered in Medfin include dentistry, vascular surgery, cosmetology, and orthopedics. Medfin allows users to search for the required surgery and get information about relevant surgeons, hospitals, costs, and EMI options. Users can also book a consultation with the listed doctors by entering details on the Medfin portal. Founded in 2017, Bangalore-based Medfin has raised $92 million till date.

    Bangalore-based FinTech startup, MyShubhLife raised around $13 million in a Series B funding round from Gojo. MyShubhLife is an app-based platform for personal loans. MyShubhLife uses traditional and non-traditional data to compute the credit score assessment in order to provide financing solutions to borrowers. MyShubhLife also provides solutions for credit score checks, mutual funds, insurance, tax filing, and more. MyShubhlife App is available on Android devices. Founded in 2016 by IIT Madras alumni, MyShubhLife has raised close to $28 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 17 Apr 2022.

    Pune-based Crop Tech startup Siddhi Vinayak Agri Processing was acquired by WayCool. Siddhi Vinayak Agri Processing is a provider of supply chain and agri processing solutions with a focus on potatoes. Siddhi Vinayak Agri Processing supplies cultivators with farm inputs including seeds, organic fertilizers, and expertise on cultivation through its network of village storefronts. Siddhi Vinayak Agri Processing works with small hold potato farmers and supplies to potato-based snack makers. Siddhi Vinayak Agri Processing's infrastructure offerings include extruder machines and cold storage solutions provided to SMEs. Founded in 2008, Siddhi Vinayak Agri Processing has raised over $9 million till date from SIDBI Venture Capital, Lok Capital, and Aspada Investments.

    Kolkata-based Enterprise Applications startup Opportune was acquired by Wondrlab. Opportune is a platform offering software for influencer marketing. Opportune enables brands to collaborate with influencers to promote the brand or products. Brands can find and filter influencers as per preferences on the Opportune platform and can collaborate with them to launch campaigns.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of VerSe, Instoried, CRED, and more. In exits, we will cover the acquisition of MyHQ by ANAROCK among others.

    Starting with our deep dive into funding rounds, tech companies in India raised over $1.3 billion of funding across 21 funding rounds during this week.

    In a major funding round event, Media & Entertainment startup, VerSe, raised $805 million in a Series J funding round led by CPP Investments with participation from Luxor Capital Group, Ontario Teachers' Pension Plan, Sumeru Ventures, and others. VerSe achieved unicorn status in December 2021 when it raised $100 million of funding from Google, Microsoft and Falcon Edge’s Alpha Wave Incubation. VerSe is a provider of an app for sharing short videos and news. VerSe enables users to share funny, entertainment-based videos on its platform in English and vernacular languages like Hindi, Malayalam, Tamil, Telugu, and Kannada. VerSe also allows users to read news aggregated from multiple sources, and uses AI to offer engaging content to users. Founded in 2007 by an ex-Facebook employee, Bangalore-based VerSe has raised around $1.8 billion till date.

    Enterprise Applications startup, Instoried, raised $200 million in a funding round from Global Emerging Markets. Instoried is a provider of AI-based content optimisation tools. Instoried offers software that analyses the given content to provide a scorecard and feedback on how one can improve their written communication. Instoried includes subscription-based pricing plans, and allows users to boost customer engagement and enhance creativity. Founded in 2017, Bangalore-based Instoried has raised $210 million till date.

    In another major funding round event, FinTech startup, CRED, raised $200 million in a Series E funding round led by GIC. CRED achieved unicorn status on 6th April 2021 when it raised $215 million from Coatue Management LLP and others. CRED is a reward-enabled, app-based platform for credit card bill payments. CRED enables credit and debit card users to pay their bills and get rewarded in the form of Cred Coins, which can be used to claim rewards from partner brands. CRED offers an app to manage multiple credit cards and keep real-time checks on credit scores, as well as calculators for home loans, EMIs and PPFs. Founded in 2018, Bangalore-based CRED has raised $894 million till date.

    IndiQube, a Bangalore-based Real Estate and Construction Tech startup, raised $30 million in a Series B funding round led by WestBridge Capital with participation from Konark group, HirePro, Ashish Gupta, and others. IndiQube is a chain of co-working spaces. IndiQube includes plug and play infrastructure, customisable workspaces, operational support, and an intranet portal called MiCube which allows users to schedule and manage employee transport service, order food, book gym slots, and access concierge services. Founded in 2015 by IIT Roorkee alumni, IndiQube has raised $45 million till date.

    Enterprise Applications startup, Rattle, raised $26 million in a Series A funding round led by Insight Partners with participation from GV, Sequoia Capital and Lightspeed Venture Partners. Rattle is a platform offering Salesforce integration solutions. Rattle provides a layer built on Salesforce, and enables AEs and SDRs to update CRM, get real-time visibility, and review pipeline reports through Slack. Rattle also enables users to send automated messages on Slack after every qualified meeting. Founded in 2020, Punjab-based Rattle has raised close to $29 million till date.

    Mumbai-based FinTech startup, EnKash, raised $20 million in a Series B funding round led by White Venture Capital, Baring Private Equity Partners India and Ascent Capital, with participation from Mayfield and Axilor Ventures. EnKash is a provider of corporate spend management solutions. EnKash offers a cards unification and spending management platform that features financial automation tools for businesses to manage payables, receivables and expenses. EnKash includes financial and non-financial products and services, as well as a plug-and-play card issuance stack. Founded in 2016, EnKash has raised over $23 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 10 Apr 2022.

    MyHQ, a Real Estate and Construction Tech startup, was acquired by ANAROCK for over $16 million. MyHQ is an online marketplace to book shared passes for office membership. MyHQ includes amenities like WiFi, on-demand passes, permanent spaces for teams, a professional business address, virtual office, discounted food and beverages, as part of its plans. Founded in 2016 by IIT Delhi alumni and Harvard Business School alumni, MyHQ has raised over $2 million till date.

    Gurgaon-based FinTech startup, BookMyForex, was acquired by Tripmoney. BookMyForex offers online money exchange and foreign remittance services in India. BookMyForex provides a suite of forex services, currency notes, prepaid travel cards, traveller’s cheques, foreign currency demand drafts and foreign currency wire transfers. BookMyForex also operates as a marketplace for foreign exchange, and has partnered with select banks and reputed exchange companies to fulfill the forex requirements of customers. Founded in 2011 by ex-Cisco employee, BookMyForex has raised close to $6 million till date from Faering Capital, Aditya Pratap Singh and Sudarshan Motwani.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected].

    Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of Games24x7, Vivriti Capital, Pine Labs, and more. In exits, we will cover the acquisition of Saankhya Labs by Tejas Networks, among others.

    Starting with our deep dive into funding rounds, tech companies in India raised close to $415 million of funding across 24 funding rounds during this week.

    Games24x7, an Online Gaming startup, raised $75 million in a Series C funding round led by Malabar Investments with participation from Raine Group and Tiger Global Management. With this funding round, Games24x7 achieved unicorn status on 30th March 2022. Games24x7 is a provider of a multi-gaming platform. Games24x7 uses behavioural science and artificial intelligence to develop cross-platform games like RummyCircle and My11Circle. Founded in 2006, Mumbai-based Games24x7 has raised $107 million till date.

    Chennai-based FinTech startup, Vivriti Capital, raised $55 million in a Series C funding round led by Lightrock with participation from Creation Investments. Vivriti Capital is a debt financing platform for corporates, SMEs and individuals. Vivriti Capital offers a range of financial products including loans, receivables finance, working capital, structured debt, and capital market instruments to users. Vivriti Capital also provides webinars, blogs, and insights to assist in making lending decisions. Founded in 2017 by IIT Kharagpur alumni and IIM Bangalore alumni, Vivriti Capital has raised close to $163 million till date.

    In another funding round event, FinTech startup, Pine Labs, raised $50 million in a Series E funding round from Temasek, Sequoia Capital, PayPal, and others. Pine Labs achieved unicorn status on 24th January 2020 when it raised $85 million from Mastercard. Pine Labs is a provider of POS terminals for businesses and merchants. Pine Labs offers products like hardware and software-based payment terminals, point-of-sale financing, working capital loans, loyalty and gift card solutions, as well as analytics for business decisions. Pine Labs caters to hospitals, grocery stores, electronics and automotive businesses. Founded in 1998 by IIM Bangalore alumni and IIT Delhi alumni, Noida-based Pine Labs has raised around $1.6 billion till date.

    Enterprise Infrastructure startup, LambdaTest, raised $45 million in a Series C funding round led by Sequoia Capital and Premji Invest with participation from Telstra Ventures, Blume Ventures and Leo Capital. LambdaTest is a provider of cloud-based cross-browser testing solutions. LambdaTest includes features like integrated debugging, geolocation testing, bug detection, live and automated testing, collaboration, as well as live testing of public or hosted websites and web applications. Founded in 2017, Bangalore-based LambdaTest has raised over $70 million till date.

    Qure.ai, a HealthTech startup, raised $40 million in a funding round led by Novo Holdings with participation from MassMutual Ventures and HealthQuad. Qure.ai is a provider of AI-based decision support tools for diagnostic images. Qure.ai offers a radiology solution that assists doctors with diagnosing diseases from CT Scans, MRIs and X-rays. Qure.ai enables them to outline and quantify regions of interest such as tumours or lung disease patterns and offers a digital pathology solution that can distinguish malignant from benign biopsies, and grade a variety of tumour types. Founded in 2016 by IIT Delhi alumni, Mumbai-based Qure.ai has raised close to $60 million till date.

    In another funding round event, Chennai-based Transportation and Logistics Tech startup, Wiz, raised $36 million in a Series A funding round led by Tiger Global Management with participation from Stride Ventures, Arali Ventures, Alteria Capital, and others. Wiz is a provider of tech-enabled freight forwarding services. Wiz provides services like booking, live tracking, shipping, and task management with features like full container and partial container load shipping, door-to-door shipping, cargo insurance, customs and trade management. Founded in 2019, Wiz has raised around $40 million till date.


    Crop Tech startup, FarMart, raised $32 million in a Series B funding round led by General Catalyst Partners with participation from Omidyar Network India, 500 Global, Matrix Partners India, and others. FarMart is a provider of a P2P rental platform for farm equipment. FarMart offers features like vernacular language support, transparent pricing, doorstep delivery of equipment, and cashless payment. Founded in 2015, Gurgaon-based FarMart has raised $48 million till date.

    GIS startup, Pixxel, raised $25 million in a Series A funding round led by Radical Ventures with participation from Sparta Group, Blume Ventures, Inventus Capital India, and others. Pixxel is a provider of satellite-based Earth-imaging solutions. Pixxel develops and operates a network of small Earth-imaging satellites to provide real-time insights for monitoring purposes in agriculture, oil, gas, and climate sectors. Founded in 2019 by BITS Pilani alumni, Bangalore-based Pixxel has raised around $61 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 8 exits during the week of 03 Apr 2022.

    Bangalore-based Semiconductors startup, Saankhya Labs, was acquired by Tejas Networks for over $37 million. Saankhya Labs is a provider of software-defined radio-based modules for video and data communication. Saankhya Labs offers software-defined demodulation IC solutions for universal digital and analogue TV, radio, and other broadcasting media, with applications in TV, TV dongles, tablet devices, and surveillance systems. Founded in 2007, Saankhya Labs has raised over $18 million till date.

    In another acquisition event, InI Farms, a Crop Tech startup, was acquired by Agrostar. InI Farms is a provider of farming services to the horticultural sector. InI Farms offers services like technical guidance, access to inputs and markets, orchard management, and contract farming for farmers, investors, and growers. Founded in 2009 by IIT Kanpur alumni, Mumbai-based InI Farms has raised over $14 million till date.

    Bangalore-based Auto Tech startup, Vogo, was acquired by Chalo for over $37 million. Vogo is a provider of an app-based self-drive scooter rental service. Vogo enables users to search, discover, lock, unlock and book on-demand rentals through its platform, with features like keyless entry, vehicle pick-up and drop-off by the user at pre-designated locations. Founded in 2016, Vogo has raised close to $180 million till date.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of Oxyzo, ShareChat, Plum, and more. In exits, we will cover the acquisition of Clovia by Reliance Retail among others.

    Starting with our deep dive into funding rounds, tech companies in India raised around $340 million of funding across 23 funding rounds during this week.

    In a major funding round event, Gurgaon-based FinTech startup, Oxyzo, raised $200 million in a Series A funding round led by Alpha Wave Global, Tiger Global Management, Norwest Venture Partners, Creation Investments and Matrix Partners India. With this funding round, Oxyzo achieved unicorn status on 23rd March 2022. Oxyzo is an online marketplace for business credit lines. Oxyzo offers lines of credit without collaterals, where users must add the required information and check for eligibility. Oxyzo enables fund transfer to the registered bank account after evaluation and approval. Oxyzo was founded in 2016.

    ShareChat, Media & Entertainment startup, raised over $60 million in a Series G funding round from Times Internet. ShareChat achieved unicorn status on 8th April 2021 when it raised $502 million from Tiger Global and others. ShareChat is a provider of a vernacular-based social networking platform. ShareChat enables users to share photos and videos in various languages, follow local celebrities, expand their network, view content like news, poetry, satires on Indian politics, and play microgames. ShareChat caters to languages like Hindi, Marathi, Gujarati and Punjabi, and includes shake-and-chat features to connect users engaging with content from similar genres. ShareChat also offers a video platform for artists and creators to create short video content. Founded in 2015 by IIT Kanpur alumni, Bangalore-based ShareChat has raised close to $1.5 billion till date.

    Mumbai-based Plum, an E-commerce startup, raised $35 million in a Series C funding round led by A91 Partners with participation from Unilever Ventures and Faering Capital. Plum is an internet first brand offering skincare products. Plum allows users to browse through its catalogue based on product type or skin type and shop for skincare, body care, makeup, and hair care products. Founded in 2013 by IIT Bombay alumni, Mumbai-based Plum has raised close to $52 million till date.

    In another funding round, Enterprise Applications startup, Draup raised $20 million in a Series A funding round led by HKW. Draup is a sales enablement platform for enterprises. Draup uses big data, machine learning, and logic-based modelling in order to provide consultation services and insights to enhance sales pitching and help fit individual customer needs. Founded in 2017, Bangalore-based Draup has raised $20 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 11 exits during the week of 27 Mar 2022.

    Clovia, a Noida-based E-commerce startup, was acquired by Reliance Retail for $125 million. Clovia is an internet first brand of innerwear for women. Clovia is a private label brand that offers products like lingerie, nightwear, tops, maternity wear, robe sets, and accessories like masks and hair bands. Founded in 2012, Clovia has raised close to $26 million till date from Golden Birch Resources, Singularity Ventures, IvyCap Ventures, and others.

    In another acquisition event, E-commerce startup, Unbxd, was acquired by Netcore for $100 million. Unbxd is a provider of AI-powdered product search software for online stores. Unbxd helps e-commerce businesses increase conversions using personalized and relevant search queries with features like auto-completion and synonym detection. Netcore provides analytics from product searches so that businesses can offer relevant products. Founded in 2010, Bangalore-based Unbxd has raised close to $27 million till date.

    Avail Finance, a Bangalore-based FinTech startup, was acquired by Ola. Avail Finance is a neobank for individuals. Avail Finance offers debit cards, money transfers, bill payments, and more. Avail Finance provides blue-collar workers with an app for salary accounts and personal loans, and offers loan-seekers tools for documentation and loan disbursal. Founded in 2017, Avail Finance has raised over $38 million till date.

    HealthTech startup, Tinystep, was acquired by BabyChakra. Tinystep is a mobile-based platform offering content for parenting. Tinystep has Q&A forums for parents to connect and discuss topics like parenting, pregnancy, lifestyle, and more. Founded in 2015 by Stanford Business School alumni, Bangalore-based Tinystep has raised around $4 million till date from Flipkart and Mathew Glickman.

    In another acquisition event, Jaipur-based EdTech startup, Hello English, was acquired by BYJU'S. Hello English is a provider of an English language learning app. Hello English allows users to learn through interactive lessons and games associated with reading, writing, speaking, and listening. Hello English enables them to learn English from their native language, and includes features like daily news, discussions with teachers, peer-to-peer comparison, as well as a multi-lingual dictionary. Founded in 2012, Hello English has raised close to $7 million till date.

    Lithium Urban Technologies, an Auto Tech startup, was acquired by EverSource Capital. Lithium is a provider of urban electric transportation solutions. Lithium offers software, EV fleets, charging infrastructure, cloud-based transportation management systems and cabs equipped with cameras and GPS systems to corporate customers. Founded in 2013, Bangalore-based Lithium Urban Technologies has raised around $19 million till date.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.

  • Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.

    In this edition, we will cover funding rounds of Licious, BlueStone, ekincare, and more. In exits, we will cover the acquisition of Xpedize by Clear, among others.

    Starting with our deep dive into funding rounds, tech companies in India raised around $234 million of funding across 15 funding rounds during this week.

    In a major funding round event, Bangalore-based Online Grocery startup, Licious, raised $150 million in a Series F funding round led by Amansa Capital with participation from Temasek, Kotak Private Equity Group, Vertex Growth, and others. Licious achieved unicorn status on 5th October 2021 when it raised $52 million from Avendus, IIFL Asset Management and Transaction Square. Licious is an online platform offering meat and seafood products. Licious delivers hand-cut, vacuum-sealed and packed, fresh, marinated, or cold cut meat, chicken, fish, eggs, mutton and seafood, and more. Licious has a central processing plant and several storage units in multiple cities, and works on a zero inventory model. Licious also offers subscriptions that allow users to pre-set delivery dates of products. Licious offers an Android and iOS app. Founded in 2015, Licious has raised $488 million till date.

    E-commerce startup, BlueStone, raised $30 million in a funding round led by Sunil Kant Munjal. BlueStone is an internet first brand offering jewellery and accessories. BlueStone’s product catalogue includes earrings, rings, pendants, bangles, bracelets, and more. BlueStone offers an app for Android and iOS platforms. Founded in 2011, Bangalore-based BlueStone has raised $104 million till date.

    ekincare, a Hyderabad-based HealthTech startup, raised $15 million in a Series B funding round led by HealthQuad and Sabre Partners India with participation from Ventureast, Endiya Partners, Siana, and others. ekincare is an AI-based platform for the management of employee health benefits. ekincare helps patients manage their healthcare records, as well as provides health analytics and personalised healthcare plans using the data collected. ekincare also offers an online marketplace to book diagnostics tests and doctor appointments. ekincare includes features like timely reminders, expert doctor opinions and online lab results. Founded in 2014, ekincare has raised close to $21 million till date.

    In another funding round, E-commerce startup, UpScalio, raised $15 million in a Series A funding round led by Gulf Islamic Investments with participation from Unity Bank and Northern Arc. UpScalio is a platform acquiring e-commerce bu­si­nesses. UpScalio evaluates, analyses, and then acquires and operates small and medium-sized online businesses. UpScalio closes the deal with a fund transfer after analysis, whilst using big data and AI technology to grow businesses, forecast demand and optimise pricing, promotions and advertising. Founded in 2021, Gurgaon-based UpScalio has raised over $57 million till date.

    This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 20 Mar 2022.

    Gurgaon-based FinTech startup, Xpedize, was acquired by Clear. Xpedize is a provider of SaaS-based dynamic discounting software. Xpedize connects investors, suppliers, and buyers, and allows suppliers to offer dynamic cash discounts in order to receive early payments from buyers. Xpedize enhances compliance through the audit trail mechanism and improves supplier relationships. Founded in 2017, Xpedize has raised over $1 million till date from HDFC Capital Advisors Limited, Turbostart, Amit Goel, and others.

    Xoxoday, an Enterprise Applications startup, was acquired by Giift. Xoxoday is a provider of employee engagement solutions. Xoxoday provides benefits such as employee rewards and gifts, employee referrals, incentives, engagement for gig workers, and more. Xoxoday includes features such as an API and webhooks, digital wallets, data insights, link-based rewarding and monetisation through subscription-based plans. Founded in 2012, Bangalore-based Xoxoday has raised $ 600 thousand till date from Shiksha Infotech, N+1 Capital, Mahindra, and others.

    This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at [email protected]. Thank you for tuning in today, see you next week.