Weekly Roundup: Venture Capital Investments Into Indian Startups This Week
The second week of December saw a prudent amount of investment rounds. Overall 46 startups raised funds.
Shiprocket Inks An Agreement For $185 M In Series E Funding
This transaction marks Shiprocket’s third round of funding in 2021, which would bring the total funds raised to USD 280 million.
Microsoft Leads $27 M Early-Stage Funding In Crypto Startup Palm NFT Studio
Other investors in latest Series B round included investment firms RRE, Third Kind Venture Capital, NFT investor Sfermion, and The LAO.
InsurTech Platform HealthySure Raises Undisclosed Pre-Series A:
We Founder Circle participated in the pre-series A round with an undisclosed investment with other marquee investors.
AuthBridge, Raises $7M In Series B From Delhi-Based Phi Capital
The latest investment in AuthBridge is directed through Phi Capital Growth Fund (PCGF)-1. The capital raised will be leveraged to invest in technology, strengthen workforce, and launch new product lines to add value to its clients.
Wispr AI Secures $4.6M From NEA And 8VC
Wispr AI plans to use the funding to accelerate development of the first functional thought-powered digital interface.
LoanKuber Raises Rs 13Cr In Pre-Series A
LoanKuber will use the proceeds towards building and expanding the team, enhancing the existing tech stack and rapidly growing its loan book to Rs 75 crore in the next 12 months.
Pocket FM Raises $22.4M In Series B Funding Round
The fresh capital will be utilised to scale up the operations, build the largest community of content creators, intensify its presence across geographies, invest in technology for better recommendations and strengthen the overall audio OTT category globally.
CHARGE+ZONE Raise $10M Bridge Round
The funding will assist Charge+Zone in amping up its already existing charging network of over 1000 points across 19-cities largely for Electric Buses and cars.
KalaGato Raises An Undisclosed Amount In Seed Funding
The erstwhile Big Data Analytics company will leverage the funding towards the acquisition of high growth mobile apps while driving a business built on solid fundamentals.
Doss Games Raises Pre-Seed Round Of $333k
The platform will also invest significantly in the community of developers and 3D voxel artists from Design hubs around the world like Japan, Istanbul, Poland, etc who will build smart assets to integrate in the metaverse ecosystem.
PlanetSpark Raises $13.5M In A Series-B Round
The freshly infused funds will be deployed towards aggressive business growth, product development and international expansion
Muthoot Microfin Raises Rs 375 Cr From Greater Pacific Capital
The company, a part of the Kerala-based Muthoot Pappachan Group, is the fifth largest microlender in the country and claimed that this is the largest funding for any microfinance entity since 2019. Currently
IAN Fund Invests Rs 50 Lakh In Corner
The company is based in Kerala and is incubated by the Kerala StartUp Mission (KSUM), the state nodal agency of Government of Kerala for entrepreneurship development.
CpaaS Company Cometchat Raises $10M In Series A
CometChat’s Series A funding will further enable growth acceleration along with platform enhancements. The company has plans to invest in expanding their global market share
LenDenClub Raises $10M In Series-A Funding; Hits Rs 1200 Cr Disbursement
The fresh capital will be used in aggressive expansion, taking its loan book growth to $1 billion and upscaling the user-base to 10 million from the current 2.5 million by FY 2022-23.
Spinny Raises USD 283 Mn In Series E Round
The latest round includes a primary capital infusion of USD 250 Mn and a secondary sale of ~USD 33 Mn by select angels and a few seed stage investors.
Used Car Platform Spinny Raises USD 283 Mn In Series E Funding
The additional funding takes the overall funds raised by Spinny to date to more than USD 530 Mn and with this round, Spinny’s valuation stands at ∼ USD 1.8 Bn.
100X.VC Backed Freight Tech Startup WayFr Raises 3 Crores In A Seed Round
WayFr will leverage the freshly infused capital to expand its salesforce in India targeting US clients.
9Unicorns Leads $4M Seed Round In Kalagato
The brand will leverage the funding towards the acquisition of high growth mobile apps while driving a business built on solid fundamentals.
Phyt.Health Secures Seed Fund Of $ 1.5 Million From Us-Based Angel Investors
The company aims to use these funds to launch services and boost the rising digital healthcare sector in India.
iThrive raises $ 350Kamount in Bridge Round
The funds will be mainly used to build the tech platform and support accelerated growth for its core business including expanding the recently launched iThrive Academy
MoEngage Raises Additional Funding Of $30M
This round was led by Steadview Capital, with participation from the company’s existing investors Multiples Alternate Asset Management, Eight Roads Ventures, F-Prime Capital, and Matrix Partners.
Foxtale Raises Seed Round Funding Of Rs 5.5 Cr
Foxtale is driven to bring disruption in the skincare space through innovations in formulations and unique ingredient sourcing process.
D2C Orthodontic Start-Up Snazzy Raises $2.2M
The round saw participation from several angel investors such as Kunal Shah (Founder, CRED), Bobby Goodlatte (Stripe and coinbase angel investor), Eric Idiahi (Partner, Verod Capital), and others.
Stage3 Raises Rs 20 Crore In Pre-Series-A
The funds raised will be utilised in improving technology infrastructure, hiring talent and building data science capabilities.
Backpacker Hostel Brand goSTOPS Raises Additional $1 M
The freshly infused funds will be utilized to aggressively acquire new budget hotels and rapidly grow its presence across the country.
Open-Finance Platform ‘Fego.Ai’ Raises $1.5 M Seed Capital
India’s fintech veterans and prominent angel investors who also participated in the round include Kunal Shah (Founder, CRED), Suhail Sameer (CEO, BharatPe & Managing Partner, OTP Venture Partners), Shashvat Nakrani (Co-founder, BharatPe), Lalit Keshre (Founder, Groww), Madhusudhanan R & Prabhu Rangarajan (Co-Founders, M2P Fintech), Aprameya Radhakrishna (Founder, Koo) & Amit Goel (Medici).
B2B Payments Fintech Rupifi Raises Venture Debt
The company will use these funds to scale its existing B2B credit and payments products offered to small businesses transacting on B2B marketplaces.
Cybersecurity Firm Netmonastery Raises Pre-Series A Funding
The funding will be used to increase NETMONASTERY’s market presence.
Delivery First QSR Brand Samosa Party Raises $2M In Pre Series A
The brand is known to bring innovation in their product offerings and formats which has helped them create a loyal fan base not just among millennials but across all age groups.
Exponent Energy Raises $5M In Pre-Series A Round
Edtech Startup Klassroom Raises $300k
Keka HR Raises $1.6MN Through Trading Subscriptions On Recur Club
The capital infusion on Recur Club took only 2 days to get completed, and that too without any dilution of Equity, restrictive Debt, or any lengthy paperwork.
E-Commerce Startup Kreate Raises An Undisclosed Amount In Seed Round
The organization plans to exhaust the funds in team building, marketing, and product development.
Property Management Startup, Tenantcube Raises $250K In Pre-Seed Round
The funds will be used for further expansion of the sales and service coordination team, to meet current and future demand.
New-age Fitness Startup StepSetGo Raises ₹ 5 Cr in Seed Funding Round
The round has seen participation from Huddle, Singapore-based BeyondSeed, along with Dexter Angels and Seeders LLP.
Digital Freight Marketplace RAAHO Raises Rs 12.5 Cr In Pre-Series A Round
RAAHO facilitates discovery of reliable trucks assisted by real-time tracking of the shipments and on-time deliveries to all its shippers.
Eveez Raises $400k In Its Seed Round
EVeez caters to the mobility needs of the last-mile delivery players, and delivers a tangible profit for its subscribers and many more additional benefits.
Surat Based Pet Supplies Platform Zoivane Pets Raises $100K In Seed Round
The seed round witnessed participation from esteemed angel investors including Hitesh Dhawan (Founder of Neuronimbus), Dhrumil Patel, Joy Gnanamony and Abhishek Gupta (CEO, APAC & Middle East of Turbotic).
Bummer Bags $180K Funding From Singapore’s Beenext
Bummer’s stated mission is to target millennials and help them feel good, comfortable and confident – through the softest fabric known to mankind, made from ultrasoft micronodal fibres from Beechwood trees.
Clensta Backed By IIT Delhi Raises Rs 20 Cr In Series A
The funds raised will be used to scale up the company's sales, ramp up brand marketing and expand Clensta’s online and offline presence across India.
Astrek Raises Rs. 75 Lakhs In Funding Round
This raise will help the company to accelerate the development of their products, establish clinical trials, and enable early market tests.
Ultraviolette Raises $15M
TVS Motor Company led the round, infusing $9.9 million (Rs 75 crore) in Ultraviolette Automotive. Zoho has invested $5 million (Rs 37.5 crore) for a 2.46 percent stake in the venture.
Router Protocol Raises $4M
The Singapore-headquartered project had also earlier received grants from Terraform Labs and Algorand Foundation.
Zorro Raises $3.2M From Paytm's Vijay Shekar Sharma & Others
The funds would be used to build a strong tech team, with strong problem-solving skills that can build and scale a world-class product.
9Unicorns Leads Pre-Seed Investment In PawPurrfect
The undisclosed amount raised would be deployed towards expansion across geographies in the next one year.
Keka HR Raises $1.6M Through Trading Subscriptions On Recur Club
The capital infusion on Recur Club took only 2 days to get completed, and that too without any dilution of Equity, restrictive Debt, or any lengthy paperwork.
