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Indian Startups that received funding this week (13 June- 19 June)

22/06/2015
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1. Bengaluru based home solution startup HomeLaneis to raise $50 million in Series B round of funding from Sequoia Capital. The raised funding will be used to expand its mark in 10 metros including Mumbai and Delhi this year. Earlier in February this year, Sequoia along with Aarin Capital had invested $4.5 million in this company.

2. iSTAR,a Bangalore based Indian training and skill development startup has received a fresh round of investment from Unitus Seed Fund. iSTAR works towards increasing the chances for university students to find employment after completing their graduation.iSTAR will use the new funds to expand operations to additional states across India and to invest in their technology platform.

3. Bengaluru based intra city logistics service provider Shippr, has raised $500 K in seed funding from early stage investor i2india IPR Pvt Ltd. The raised funding will be utilize in the expanding the footprint in more cities other than Bengaluru and Chennai.

4. Online tiffin marketplace FoodAbhi has raised seed funding of an undisclosed amount from a group of overseas investors. The company has plans to utilize the funds in technology expansion such as app development and others.

5. Delhi based Karma Recycling, an e-waste management services provider has raised an undisclosed amount in Series A round of funding from Infuse Ventures and Low Carbon Enterprise Fund. The company has an e-portal which allows trading in over 3,000 models of working and non-working smartphones, tablets or laptops. It also claims to have recycled over 16,000 smartphones, tablets and laptops as of now.The company will invest the funds in developing technology and expanding the consumer and retailer operations across the country.

6. Couponraja, an online coupon aggregator and CompareRaja, a price comparison site, have raised $500K funding from a group of angel investors including Mahesh Pratapneni (Founder of Medgenome) and Pallab Chatterjee (Managing Director of Symphony Technology Group). The raised funds will be used to improve the technology to reach out to new users.

7. Bengaluru based online parenting and child care platform, BabyChakra has raised an undisclosed amount of funding from Mumbai Angels, Patni Family Office and Singapore Angel Network. The other investors included Karan Maheshwari, Jatin Aneja, Kishor Ganji, and Roopa Nath. The raised funds will be utilized in launching its android app and hire more talents.

8. Jiffstore, a Bangalore based startup connecting local kirana stores to customers through a mobile app that offers online grocery ordering and home delivery has raised an undisclosed amount from Unitus Seed Fund and Times Internet. The fund will be used in expanding the number of stores, promoting the name using various marketing channel, expanding the team and improving the technology platform for better customer experience.

9. Mydentist,a Mumbai based India’s largest dental care clinic chain has raised $8.2 million in Series C round of funding led by LGT Venture Philanthropy, Asian healthcare fund and Seedfund. The raised funding will be utilized in the expansion of the brand in new cities and increase the reach across the country.

10. Delhi based logistics booking platform Moovohas raisedan undisclosed amount of seed funding from Yuvraj Singh backed YouWeCan Ventures. The company offers booking a truck througha mobile app, website or callcenter and an assigned vehicle will show up within 30 minutes for pickup. Currently the company operates in Delhi and has plans to expand to six other cities by the end of this year.

11. Bangalore-based 3D printer maker Fracktal Works has raised $2.98 million from Neoteric technology solutions, which is one of country’s IT distributors. The funds raised will be used to expand the teams and increase the skill sets of the startup.

12. Hansa Customer Equity, an IT and customer engagement Consulting based out in Mumbai has raised $5 million from Private Equity firm ASK Pravi. The company helps the businesses acquire customers intelligently, retain them optimally and manage them profitably. The company has plans to expand its service to global geography.

13. Health and fitness app HealthifyMe has raised undisclosed amount from a group of individual investors. Last month, it had raised money from Indian mobile manufacturer Micromax. HealthifyMe will soon establish its global headquarters in Singapore and has given the signal to move globally. The funding amount will be utilized in hiring more talent to over 1,000 nutritionists and fitness trainers.

14. Bangalore based online education marketplace CAKART.in has raised an undisclosed amount in angel funding from Sunil Maheshwari and other investors. CAKART sells online courses to commerce stream students preparing for various finance exams in India such as Chartered Accountancy (CA), Company Secretary (CS), Cost and Management Accountancy (CMA) and other related exams in the finance stream. The firm will use the money for geographical expansion and to scale up its education products.

15. Data analytics companyto track data from startups, Tracxn has raised $10 million from Sachin Bansal&BinnyBansalof Flipkart along with few other individual investors. In April, it had secured $3.5 million in series A round from SAIF Ventures. The company will use the fund to launch its incubator named TracxnLabs, which will invest a minimum viable product capital in the range of $20,000-$50,000.

16. Chennai-based Wealth India Financial Services, which runs the online financial services platform- FundsIndia.com has raised $11 million in Series C round of funding from Faering Capital, and other returning investors. The funds will be utilized to widen the reach of its online financial services across the country. It will also be used to enhance its service offering, especially using mobile platforms.

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