13 Indian Startups Making News This Week (02 October- 08 October)

09/10/2017
funding-dsim

Consumer Internet Industry

1) Ola founded by Bhavish Aggarwal and Ankit Bhati: Bengaluru-headquartered cab aggregator Ola secured $2 billion in a fresh funding round from the investment arm of Chinese Internet giant, Tencent. Existing investor, Softbank Group Corp, also participated in the round.

2) CollPoll founded by Hemant Sahal, Siddharth Das, and Sanjeev Gupta: Bengaluru-based CollPoll, a communication and collaboration platform for educational institutes secured $306K in funding led by seed-stage investor Sprout Angels LLP. Other investors who participated in the funding round are Chenraj Jain, Moloy Kumar Bannerjee, and Pallab Bandyopadhyay.

3) PhonePe founded by Rahul Chari, Burzin Engineer and Sameer Nigam: PhonePe Pvt. Ltd, the unified payments interface-based payments app from homegrown e-tailer Flipkart, secured 38.7 million in a fresh round of funding from its Singapore-based group entity, Flipkart Payments Pvt. Ltd.

4) Little Black Book founded by Suchita Salwan: Delhi based online platform for local recommendations and discoveries Little Black Book (LBB) raised $1 million from Blume Ventures, and existing investors – IDG Ventures and IAN. The total investment raised by LBB now stands at $2.5 million. The startup will utilize the funding to scale up the user-base.

5) Drivezy founded by Amit Sahu, Abhishek Mahajan, Hemant Sah, Vasant Verma, and Ashwarya Pratap Singh: P2P car and bike sharing platform Drivezy raised $10 million in part equity and part debt funding. The equity investment totaling $5 million has been made by American and Japanese investors, including Das Capital, Axan Partners, Das Capital and IT Farm. With the launch of its private Initial coin offering (ICO), focussed on the expansion of their peer-to-peer marketplace for cars and bikes. The fund also will be utilized to fast track their expansion into newer markets in India and also globally.

E-commerce Industry

6) Elanic founded by Abhilash Narhari, Palkush Rai Chawla and Aditi Rohan: Bengaluru-based Elanic, a peer to peer platform to sell used fashion clothing online, secured an undisclosed amount of funding from a Tokyo-based incubator and venture capital investor Digital Garage. The funding was routed through DG Incubation, the investment subsidiary of Digital Garage which emphases on investments in Japan and Asia.

7) Zefo founded by Arjit Gupta, Karan Gupta and Himesh Joshi: Bengaluru-based e-commerce portal for used goods, Zefo raised $9.2 million in Series B funding from existing investors Sequoia India, Helion Venture Partners and Singapore-headquartered fund Beenext. The startup will use the newly raised funds to strengthen its core operations including warehousing and logistics. The funds will be used to expand its product and technology team as well as to ramp up its newly launched mobile phones business.

8) Yaantra founded by Jayant Kr. Jha, Ankit Saraf and Anmol Gupta: On-demand mobile repair and refurbishment startup, Yaantra (formerly known as Gadgetwood) secured $3.1 million funding. The recent round of funding took the startup’s total funding to about $10 million.

Technology Industry

9) Oorjan founded by Roli Gupta and Gautam Das: Mumbai-based rooftop solar platform, Oorjan Cleantech raised $450K in seed funding led by Globevestor. A group of senior directors in banks and financial services companies, including Sayandev Chakravartti, Aditya Sharma, Nisha Pillai and Mayur Bhat, also joined the round. The company already has operations in four cities, namely Mumbai, Pune, Bengaluru, and Chennai, and has completed around 70 projects till date.

Fintech Industry

10) Chqbook founded by Vipul Sharma and Rajat Kumar: Gurugram-based fintech startup Chqbook raised an undisclosed amount of funding from YouWeCan-backed Startup Buddy. Apurva Chamaria, Global head of corporate marketing at HCL; Sachin Arora, ex-CTO at Myntra; Bharat Gupta, founder of Net Asset Consulting LLP; and Amit Manocha, a private equity professional based out of Singapore, also participated in the round. The startup will utilize the raised funding to expand to over 50 cities and increase its product portfolio to credit cards and personal loan services.

11) HomeCapital founded by Lalit Menghani: Delhi-based fintech startup which helps home buyers with down payment, HomeCapital raised an undisclosed amount in a Seed funding round from Venture Catalysts. The funding was from VCats angels Anuj Golecha, Apoorv Ranjan Sharma, Gaurav Gandhi and others. The startup plans to use the funds raised to develop its brand, scale up its current infrastructure and enhance its product.

12) SlicePay founded by Deepak Malhotra and Rajan Bajaj: Bengaluru-based fintech startup SlicePay raised $2 million as part of its ongoing Series A funding round. The investment in the Indian startup was led by Japan-based Das Capital, Simile Ventures from Russia and few undisclosed angel investors. Existing investor Blume Ventures also participated in the round. The startup funding will be used to expand in three more cities, as well as make some senior-level hiring.

Agri-tech Industry

13) Farm Taaza founded by Kumar Ramachandran: Bengaluru based B2B agritech startup, Farm Taaza raised $8 million Series A funding in a round led by Epsilon Venture Partners. The round saw participation from IL&FS Investment Managers’ Tara India Fund IV and other angel investors. The startup funding will be deployed for expansion across the southern part of India. The financing will also allow the startup to further develop its tech stack.

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: