17 Indian Startups Making News This Week (04 December- 10 December)

11/12/2017
dsim-image

Consumer Internet Industry

1) Dunzo founded by Ankur Aggarwal, Dalvir Suri, Mukund Jha and Kabeer Biswas: Bengaluru-based hyperlocal services startup Dunzo secured $12 million in a funding round led by Google, Blume Ventures and Aspada. With the raised funding, the startup plans to expand in five to six other cities apart from Bengaluru and also scale up its transactions from one lakh per month to one lakh per day by 2018.

2) Mobycy founded by Akash Gupta: Gurugram-based dockless bicycle sharing startup Mobycy raised an angel funding of $500K from an Angel Investor based out of USA. Through the raised funds, the company aims to increase the existing number of cycles to 50K & expand to 12 more cities in next six months and 20 key cities by 2018.

3) HandyTrain founded by Gourav Jaswal: Goa-based corporate training platform HandyTrain secured $1 million in a Pre-Series A round of funding from Dubai-based NB Ventures. The raised fund will be further deployed for improving the software and increasing the efficiency of its training courses.

4) MilkLane founded by Gaurav Haran: MilkLane, a dairy supply chain company secured $4 million in Pre-Series A round of funding led by Pioneering Ventures, Schreiber Foods and ultra-high net worth families. The dairy-tech company plans to use this capital to expand its network of milk collection centers and strengthen its digital & analytics capabilities in the supply chain.

5) The Man Company founded by Mohit, Bhisham and Parvesh Bareja: Kolkata-headquartered FMCG Company Emami has backed Helios Lifestyle, which owns and operates men’s grooming platform, The Man Company (TMC) with $3 million funding. As part of the deal, Emami will be acquiring 30% equity stake in the Gurugram-based startup.

E-commerce Industry

6) The Label Life founded by Yashika Punjabee and Preeta Sukhtankar: The Label Life, an online lifestyle brand of contemporary fashion, accessories and home decor secured $3.1 million from Kalpavriksh, the Centrum’s maiden PE fund under Centrum Alternatives LLP. With the fresh funding, the startup plans to aggressively expand the label, double the SKUs, explore an Omnichannel strategy and focus on associations & partnerships.

Technology Industry

7) Param.ai founded by Ashish Kumar Sahoo and Hari Krishna Morthala: AI-Based hiring solutions startup Param.ai raised $271.4K in a seed funding round from the US-based Institutional Fund Core Financials LLC and Bollywood actor Ashish Vidyarthi. The funding will be utilized to facilitate the product’s upcoming version which will have automated outbound hiring, candidate engagement and a few other features.

Fintech Industry

8) Happay founded by Anshul Rai and Varun Rathi: Bengaluru-based fintech startup Happay secured $10.1 million in a Series B round of funding from Sequoia Capital India. Singapore-headquartered private equity fund Axiom Capital, AME Cloud Ventures, Brad Garlinghouse of Oak Street Trust and US-based businessman Ben Nelson also participated in the round.

9) FlexiLoans founded by Abhishek Kothari, Deepak Jain, Manish Lunia and Ritesh Jain: Mumbai-based digital SME lending platform FlexiLoans secured an institutional debt funding of about $7 million from Financial Institution(s). The funding will be utilized to expand its patented loans and supply chain financing segment.

10) Mswipe founded by Manish Patel: Mumbai-based payment services provider Mswipe locked Series D funding round with $41 million with the recent $10 million infusion from B Capital. Other investors like C-RNT Fund, Matrix Partners India, Falcon Edge Capital, and DSG Consumer Partners also took part in the fundraise earlier in June 2017. The capital raised will support company’s plans to expand its acceptance network at retail merchants for the card and digital payments and reinforce its product development capability.

Real Estate Industry

11) Rentickle founded by Amit Sodhi and Vineet Chawla: Gurugram-based, an online rental platform for furniture and home appliances Rentickle, raised $4 million in a funding round from Singapore-headquartered VC ThinKuvate, CX Partners Chairman Ajay Relan and also saw the participation of existing investors. The fresh capital was secured through a combination of equity and debt in the ratio of around 45:55. The debt line was secured by Delhi-based NBFC DMI Finance, while the equity funding was raised completely from ThinKuvate & other existing investors. The funding will allow the startup to expand its geographical reach, boost its product portfolio and also be used to drive internal growth.

Education Industry

12) Flintobox founded by Arunprasad Durairaj, Shreenidhi Srirangam and Vijay Gandhi: Chennai based edtech startup Flintobox secured Series A round of funding of $7 million in a round from early-stage venture capital firm Lightbox. Existing investors Globevestor, Ashwin Chadha, Asian E-Commerce Alliance and Mauj Mobile also participated in this round. The startup will use the freshly raised funding to expand its business in the unorganized pre-school segment through its enterprise offering, ‘FlintoClass’.

Entertainment Industry

13) Graphic India founded by Gotham Chopra, Sharad Devarajan and Suresh Seetharaman: Bengaluru-based Graphic India, a digital comic heroes developer secured $5 million in a funding round from investors at the US-based Liquid Comics along with Start Media LLC; Julian Farrior, co-founder of Backflip Studios; Mohandas Pai’s 3One4 Capital; Neeraj Bhargava, founder of Zodius Capital among others. With this funding, Graphic India will create and launch more characters into the international markets as well as expand beyond digital comics and animation, into original mobile content, live-action TV/Film and VR/AR.

14) Repaireasy founded by Naveen Goyal and Rishi Wahi: Gadget servicing startup Repaireasy raised an undisclosed amount of funding from Mumbai-based Startup accelerator ScaleMinds. The company was selected during the Investor Pitch that took place in front of a Board of Investors during FundTonic Pune Startup Marathon 2017 that took place in Pune recently.

15) Inshorts founded by Anunay Pandey, Azhar Iqubal and Deepit Purkayastha: Noida-based content discovery app Inshorts secured $5 million funding led by Tiger Global Management’s Singapore investment vehicle, Internet Fund III Pte Holdings. The investment, as per the company’s filings, was made in Inshorts’ Singapore-registered holding company in September 2017.

Automotive Industry

16) Loconav founded by Sridhar Gupta and Vidit Jain: Delhi-based integrated vehicle management startup LocoNav raised $3.42 million Series A funding from Sequoia Capital India and angel investor, Prateek Sharma. Of the total investment, Sequoia poured $3.41 million, while Sharma invested $10,843 in LocoNav.

17) Ultraviolette founded by Narayan Subramaniam and Niraj Rajmohan: TVS announced that it has bought a 14.78% stake in Bengaluru-based electric vehicle startup Ultraviolette Automotive Pvt. Ltd against an investment of $700K. The startup goals to build an ecosystem that addresses the transportation needs of an urban environment by designing and developing electric motorcycles and battery packs with a modern premium look.

Share Button
Masters in
Digital Marketing
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:


Call Us
Free Demo