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20 Indian startups that got funding this week (2nd May- 8th May)

09/05/2015
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1- Delhi based online medical diagnostic startup GrandOpinion has raised seed funding of $150K from Florida based Angel investors. The company is planning to utilize the funds on improving its technology and in expanding the network of medical experts.

2- HealthifyMe is a health and fitness mobile app based out in Bangalore and has raised an undisclosed amount from Micromax for the strategy management in digital fitness provider.

3- Uniken, a cyber-security startup based out in Pune has raised an amount of $2 million in Bridge Round Pre-Series B from Exfinity Ventures which is backed up by ex-Infosys master V Balakrishnan and T V Mohandas Pai. The fund raised will be routed towards international expansion and to establish market leadership in India.

4- Bangalore based Buyhatke.com has raised $1 million in its first round of funding from the co-founder of Infosys Mr Senapathy Gopalakrishnan and Japanese e-commerce company Beenos. Buyhatke.com is a price comparison portal and is supposed to invest the funding on developing its marketing strategy besides its team expansion.

5- Chennai based rapidly growing cloud enterprise software company Ramco Systems has raised $52 million through QIP (Qualified Institutional Placement) from HDFC Mutual Fund, Amansa Holdings, Goldman Sachs, Jo Hambro and Axis MF. The company is focused on providing multi-tenanted enterprise software and will invest the fresh funding in hiring fresh talents and expanding in global market.

6- Vedantu, an online education platform based out in Bangalore has received $5 million from Accel Partners and Tiger Global investors in Series A round of funding. This company was founded by the four IITians in 2011 and mainly deals in providing tech based education to the students. This fund will be utilized in the expansion and developing a system to choose a teacher at real time. Along with, they are focusing on launching their mobile app.

7- Delhi based online search portal KleverKid has raised an undisclosed amount of funding from Aarin Capital. This funding will be utilized in expanding the service to Mumbai and Bangalore in the coming two months. The company was founded in 2013 and acts like a marketplace for parents seeking coaching and tutors for their children.

8- Uniphore Softwares Systems, a Chennai based speech recognition Solution Company has raised an undisclosed amount of Series A funding from the co-founder of Infosys, Kris Gopalakrishnan. The company will utilize this fund in its global expansion and technology development.

9- Toppr, a Mumbai based online practice and test package providing website for helping students in the preparation for IIT JEE, PMT and other entrance exams has raised around $10 million of second round of funding from Fidelity and Saif & Helion. Earlier around a year back, the firm has received $2 million from Saif & Helion. The company will focus on investing the fund on creating good products for all the classes.

10- Mumbai based on-demand food delivery startup Box8 raised $3.5 million from Mayfield, to widen its reach across other cities of the country. The investment will be used in figuring the technology, team expansion and deepening market penetration. The company was started in 2012 by IITian Amit Raj and Anshul Gupta and it has grown 10 times in the past 15 months.

11- Gurgaon based e-commerce Fulfillment Company Delhivery has raised a massive amount of $85 million in series D funding from Tiger Global and others. This funding will act as a booster shot for the business. The company started in 2011 had received $35 million in its third round of funding in September 2014.

12- Swiggy, a Bangalore based Food Delivery Startup is super ready to taste a latest funding of $15 million from Silicon Valley based firm Norwest Ventures Partners. Few weeks earlier, the company has received a funding of INR 12crore from the Accel Partners and SAIF Partners.

13- Fintelix, a compliance, risk, and analytics solutions provider for the global finances industry is based out in Bangalore and is currently active in India, United States, Europe, Middle-East, Africa, and South East Asia. The company on May 5, 2015 raised $15 million in private equity from IDG Ventures and Sequoia Capital.

14- Twilio, one among the top cloud communication companies has raised an amount of $100 million in series E round of funding. On May 5, 2015, the company announced that the funding was received last week. With this round of funding, Twilio has joined Silicon Valley Unicorns. The current valuation of the company is worth $1 billion.

15- Real estate advisory firm Square Yards, a Gurgaon based company has raised $6 million in pre-series A funding from the undisclosed investors. The funding came in an announcement made on May 5, 2015. The company has a presence in 5 different countries and 14 cities in India. Sources said that the company is valued to an amount of $ 40-50 million.

16- A Hyderabad based firm to provide affordable education, Seed Schools has raised seed funding of $650,000 from Acumen Fund, a social venture capital investor. The amount invested will be used to strengthen the curriculum. Established in 2013, SEED Schools provide holistic solutions with a full range of services to improve the learning outcomes and operational efficiencies in low cost private schools.

17- Ignis Careers is a Hyderabad based career development firm which received an amount of $250,000 as seed funding from Acumen Fund on May 5, 2015. Ignis Careers was founded in 2007 and offers education and curriculum development, training on life skills and English Communication. The amount invested will be used to strengthen the curriculum.

18- Bangalore based Workforce management software firm Applicate on May 4, 2015 raised $550,000 seed funding from Rishi Vasudeva, Vice President- Fashion (Retail), Amit Gupta, Vice President at Urban Infrastructure Venture Capital and Rajiv Nayan, Director, Strategic Business Development at Tata Consultancy Services, Canada. The company helps consumer facing companies manage the workforce better.

19- World Art Community, Gurgaon based online art marketplace received seed funding of $200,000 from Viraj Tyagi and others on May 4, 2015. WAC is a peer to peer marketplace for artistic creations across a wide range of mediums and materials.

20- Disclosed on May 4, 2015, a Mumbai based customer engagement platform Customer360 has raised Angel Funding from CCAvenue CEO Vishwas Patel. Founded in 2013 by Mayuresh Shilotri, Onkar Bhosle and Mitul Thakkar, the company offers several products like 360Video, 360Desk, 360Chat, 360Screen, 360Mobi, and 360Chat, for customer engagement.

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