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16 Indian Startup That Raised Funding This Week (05 Sep- 11Sep)

12/09/2015
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1. New Delhi based online news and views platform Youth Ki Awaaz, has secured $600K in an angel round of funding from Quintillion Media, cross-platform digital content venture co-founded by former Network18 promoters Raghav Bahl and Ritu Kapur. The startup will use the funding to expand the team and tech besides building a long-term business model.

2. Delhibased edu-tech firm Global Edu4Share Pvt Ltd, which owns and operates Prozo, an online marketplace for buying and selling of new and old books, coaching institute material, digital content, competitive exams preparation content and tele-mentorship programmes, has secured seed funding of $205K from a group of investors. The startup states that over 40 content providers are selling on its platform. The company will use the raised fund for acquiring talent and enhancing marketing spend and mobile app development.

3. Online food delivery and restaurant search provider Zomato has raised $60 million in a fresh round of funding led by Singapore-based Temasek with participation from existing investor Vy Capital.The fresh funds will be used to make further investments in Zomato’s new businesses such as online ordering, table reservations, point of sales and newly launched Whitelabel platform.

4. Madhya Pradesh based Sahayog Dairy, has raised $1.8 million from a not-for-profit global venture fund, Acumen. The proceeds will be utilized to strengthen its back-end, set up more collection centres and raise daily milk procurement to 100,000 litres, from the current 30,000 litres.

5. Bangalore based Mockbank Learning Pvt Ltd, a test preparation start-up for government jobs, has raised $400 K in a seed round of funding led by Blume Ventures and participation from Singapore-based angel fund Mercatus Capital, Amit Ranjan (Co-founder, Amit Ranjan) and Srivatsan Rajan (India chairman, Bain & Co). The funding amount will be deployed towards enhancing its technological offerings.

6. India Educational Investment Fund (IEIF) has invested an undisclosed amount in Indian Edu Tech Startups Report Bee Edusys Pvt Ltd, which helps to measure and improve learning through analytics. Founded in 2010 by Ananth Mani, Report Bee is cloud-based deep learning platform for the education sector to improve learning using powerful data analytics. It is being used in 251 schools across Asia impacting more than 200,000 students and 10,000 teachers. It is also working with global publishers and leading education boards to provide useful insights on learning impact.

7. India Educational Investment Fund (IEIF) has invested an undisclosed amount in Guru-G Learning Labs (India) Pvt. Ltd, a gamified platform for teachers, according to a press release. Founded in 2013 by Amruth Ravindranath, Guru-G is a gamified platform for teaching and teacher training. It uses proprietary frameworks from education research and learning analytics to support teachers through an app. The two year old startup works with over 350 schools across five states in the country.

8. Gurgaon based online test preparation platform, OnlineTyari has raised $5million from Tandem Capital, 500 Startups, Vikram Chachra of Eight Capital, Aloke Bajpai of IxIgo and Mohandas Pai, among others. The funds will be used for expansion and further strengthening its technology. The app allows people to prepare for job-oriented tests, including civil services, banking services, UPSC and GATE.

9. Delhi based Industrybuying; a B2B e-commerce marketplace for industrial supplies has secured $9.2million in Series B round of funding led by Kalaari Capital, with participation from SAIF Partners and BEENEXT. Founded in 2013 by Rahul Gupta and Swati Gupta, the website has over 250,000 products and over a thousand brands on its marketplace, the largest collection of tools and machinery in India.The proceeds will be used to establish more warehouses for processing orders for its vendors.

10. Infosys co-founder Nandan Nilekani has committed $200K to The Nudge Foundation, a non-profit organization that focuses on sustainable poverty alleviation, the foundation received contributions of $50K from GWC (Great Wall Club), $75K from InMobi and $40K from Paytm at the event’s fundraiser, the Global Mobile Internet Conference (GMIC) in Bengaluru. Founded by former InMobi executive Atul Sathija in July 2014, it prepares individuals from below-poverty line for grey collar jobs such as housekeeping, delivery, beautician, driving and housekeeping.

11. Started in June 2015, FitMeIn, an online platform that provides access to multiple fitness studios for a monthly membership fee, has secured $100K in seed funding from Green House Ventures (GHV), a startup accelerator launched by serial entrepreneur and Indian Angel Network member Vikram Upadhyaya.

12. Bangalore based online fashion start-up Zapyle has raised around $1 million in seed funding from undisclosed real estate and investment companies. Founded by Rashi Menda, the company is trying out a unique model in fashion by listing pre-owned fashion attire on its platform. The company will utilize the raised fund for adding new features to its mobile application and acquiring more customers. Zapyle sells leading brands such as Vera Moda, Chemistry, Mango and other designer wears at 30to 80 percent discount.

13. Mumbai based Envoged, a social platform for buying and selling pre-owned luxury fashion products has raised an undisclosed amount of seed funding led by entrepreneurs Ankush Nijhawan, Manish Dhingra, Gaurav Bhatnagar (AMG investments) and few other angel investors.The raised capital will be used for scaling up reach and driving tech innovation.

14. Mumbai based CredR, used vehicles marketplace has raised $15 million in Series A round of funding from Eight Roads Ventures (earlier Fidelity Growth Partners India).As part of the deal, Kabir Narang, managing director at Eight Roads, will join the board of CredR.The startup will use the funding to scale up its product engineering and marketing and build its market leading product platform across 20 Indian cities.

15. Bangalore based Yatragenie, an online bus ticketing and cab-booking platform has raised an undisclosed amount in Series A funding from entrepreneur and investor Ash Bhardwaj.The money raised will be used for expanding operations in Karnataka, Telangana and Andhra Pradesh. The company aims to expand into 100 cities from 32 by the year-end.

16. Edutech startup, SrJna has raised $65K from RAIN (Rajasthan Angel Network) and Individual Investors. The startup that uses innovative teaching aids and methodologies for Maths, Science and Social Science learning, is a part of Unitus StartEdu competition. With the newly raised funds the startup plans to bring Hybrid Labs in the classrooms.

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