16 Indian Startups Making News This Week (04 September-10 September)

11/09/2017
funding-dsim image

Consumer Internet Industry

1) Shubh Loans founded by Anand Barua, Monish Anand, Mudit Tyagi, Rahul Sekar and Tushar Patel: Bengaluru-based Datasigns Technologies Pvt. Ltd that runs the fintech platform Shubh Loans secured $1.5 million Pre-Series A funding led by SRI Capital, BeeNext and Pravega Ventures. The startup funding will be to build its technology team and for expansion into 18 new markets. The company is also planning to onboard 1 million customers in formal credit.

2) LendingKart founded by Harshvardhan Lunia and Mukul Sachan: Ahmedabad-based SME lending platform Lendingkart Technologies raised $10.9 million funding round, in the form of equity funds from Sistema Asia Fund, others. Existing investors Bertelsmann India Investment, Mayfield India, Saama Capital, India Quotient and Darrin Capital Management also participated in this round. The fresh funding will allow the company to increase its loan book and strengthen its technology & analytics capabilities. Also, the startup funding will be used to expand reach to the underserved markets.

3) TailsLife founded by Balaji Ramesh: Bengaluru-based pet care startup TailsLife secured an undisclosed amount in a bridge round of funding from existing investor Exfinity Ventures chairman V Balakrishnan. The startup will use the fresh funding to add more value to its services and products line-up. It is also refurbishing its user interface to make the user experience more unified.

E-commerce Industry

4) Power2SME founded by R. Narayan: Gurugram-based Power2SME, a ‘Buying Club’ for SMEs in India raised $10 million in equity funding led by the International Finance Corporation (IFC), the private investment arm of the World Bank. In addition to the investment, IFC will also advise the Indian startup on expanding beyond its current reach in 14 states. The funding will also help Power2SME improve its ability to offer working capital to SMEs by adding more banks as partners.

5) Mamaearth founded by Varun Alagh and Ghazal Alagh: Mamaearth, a baby care products startup, which sells its products only through Amazon India and FirstCry.com secured an undisclosed amount in seed round of funding from Fireside Ventures and some HNIs The fresh funding will be deployed to fund the brand’s innovation pipeline for entering into more categories with safer & healthier products for mother & child starting with the launch of ‘Traditional Recipes’ by Mamaearth a range of wellness solutions for mothers including herb teas & supplements.

6) Seniority founded by Kanchan Tiwari: The venture-capital arm of Indian industrial conglomerate RPG Group invested $1 million in Pune-based Seniority, an e-commerce portal for senior citizens and elderly-care products.  Seniority presently imports most of its 3,000 products. The funding will be utilized to start a private label soon, and there are also plans to manufacture some of the products in-house.

Technology Industry

7) PrimaryIO founded by Lorenzo Salhi: Storage management startup PrimaryIO raised $5.6 million Seed round of funding led by Accel, Exfinity Ventures and Partech Ventures. The Indian startup will deploy the freshly raised funds to expedite its product development efforts. And, also help to accelerate product development to bring innovation to the enterprise IT customers.

8) ORBO founded by Manoj Shinde: Artificial Intelligence (AI) allowed facial technology and computer vision startup ORBO came out of stealth mode and raised an undisclosed amount of funding from Bollywood singers The Meet Brothers (Harmeet Singh & Manmeet Singh) and AJ Ventures.  Part of the funding has gone into retaining and hiring computer vision scientists and deep learning experts.

Hotel Industry

9) OYORooms founded by Ritesh Agarwal: OYO, the Gurgaon-based hospitality platform raised $250 million in Series D round of funding led by SoftBank through SoftBank Vision Fund. Existing investors Lightspeed Ventures, Greenoaks Capital, and Sequoia India participated in this round. Hero Enterprise also joined this round as an investor.

Education Industry

10) NEST Education founded by K.Ravindran: Gurugram-based edtech company, NEST Education (Naandi Education and Support Training) secured $600K in follow-on funding from the Michael and Susan Dell Foundation and Anand Mahindra, Chairman and MD of the Mahindra Group. With this round of funding, the startup aims to grow its outreach to a larger number of students and accomplish its goal of educating 10,000 students by FY 2022.

Travel Industry

11) GoFro founded by Amitabh Misra: GoFro, an online holiday deals marketplace secured $10 million Series B funding from H.I.S. Co. Ltd, along with participation from the existing investor, MakeMyTrip. With the recent round of funding, the online holiday deals marketplace will look to reinforce its technology platform, supply and agent network. Apart from this, the partnership with Japan-based HIS will allow the startup to expand into international markets.

Healthcare Industry

12) OncoStem founded by Manjiri Bakre: OncoStem Diagnostics, an oncology-focused cancer diagnostics startup raised $6 million in a funding round from Sequoia India. Existing investor Artiman Ventures also participated in the startup funding round.  The startup will deploy the funds to deepen its R&D efforts, develop effective tests for oral, brain and colon cancer and automate these tests. Also, the startup will focus to expand its presence across the country and introduce the test in new markets in Asia as well as Europe.

Fintech Industry

13) CreditVidya founded by Rajiv Raj and Abhishek Agarwal: Mumbai-based fintech startup CreditVidya secured $5 million in a round from Matrix Partners India. The Indian startup funding round also saw participation from existing investor Kalaari Capital.

14) AYE Finance founded by Sanjay Sharma and Vikram Jetley: AYE Finance Pvt. Ltd secured $6.9 million in debt financing from Triodos Investment Management, the global impact investment manager and asset management arm of Netherlands-headquartered Triodos Bank. It plans to utilize the money to increase its asset book and bolster expansion plans, AYE Finance said in a statement.

15) EarlySalary founded by Akshay Mehrotra: Pune-based fintech startup EarlySalary raised $782K in a debt financing round from IFMR capital. The newly raised startup funding will offer an impetus for further accelerating the company’s exciting growth plans.

Agri-tech Industry

16) Farmizen founded by Shameek Chakravarty, Sudaakeran Balasubramanian, and Gitanjali Rajamani: Farmizen Solutions Pvt. Ltd, which runs an eponymous organic farming platform, secured an undisclosed amount in an angel round. Investors included venture capital firm Venture Highway, former Canaan Partners managing director and Indifi co-founder Alok Mittal, founders of gaming portal adda52.com Mohit Agarwal and Anuj Gupta, and a few other angels.

Share Button
Advanced
Digital Marketing Training Program
for professionals & job seekers
Learn how to market a business online just like experts & agencies do it.
Learn from real practitioners not just trainers.

Watch DSIM Trainees Celebrating Last Day of Batch

Watch Demo

Leave a comment: