Home > Blog > Blog > 29 Indian Startups Making News This Week (02 April – 09 April)

29 Indian Startups Making News This Week (02 April – 09 April)

10/04/2017
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Consumer Internet Industry

1) CASHe founded by V. Raman Kumar: Aeries Financial Technologies Pvt. Ltd, that owns the app-only lending platform CASHe, secured $3.8 million Series A round of funding from an investor group from Mathew Cyriac. The startup will deploy the funding to increase CASHe’s scale of business.

2) SmartCoin founded by Rohit Garg: Mumbai-based Unicorn India Ventures along with a hold of angel investors, invested an undisclosed amount in Bengaluru-based microlending platform SmartCoin. The startup will utilized the raised funds to expand its product portfolio, reach out to newer customer segments, upgrade technology platform, and scale its operations.

3) Mech Mocha founded by Mohit Rangaraju and Arpita Kapoor: Bangalore-based mobile gaming company Mech Mocha Game Studios Pvt. Ltd secured $3.8 million in its Series A round from venture capital firms Accel Partners and China’s Shunwei Capital.

4) Startup Buddy founded by Manish Aggarwal and Amit Singal: Cricketer Yuvraj Singh’s startup investment fund YouWeCan Ventures invested an undisclosed amount in Gurugram-based Startup Buddy. With this move, Yuvraj will join the company’s Board. The startup aims to offer support to early-stage entrepreneurial ventures.

E-commerce Industry

5) PharmEasy founded by Mikhil Innani and Dharmil Sheth: Mumbai-based Pharma Company PharmEasy secured $16 million in a Series B round from Bessemer Venture Partners and Orios Venture Partners. With the freshly raised fund the startup aims to expand its geographical presence in India and also seeks to penetrate further into its existing markets to strengthen the category leadership position.

Education Industry

6) Eruditus founded by Chaitanya Kalipatnapu and Ashwin Damera: Edtech startup Eruditus Executive Education raised $8.16 million in a Series B round from Bertelsmann India Investments. The raised funds will be deployed to add new programmes, university partners and to expand geographical presence to China, Latin America, and Europe.

7) Testbook founded by Ashutosh Kumar, Abhishek Sagar, Narendra Agrawal and Manoj Munna: Mumbai-based edtech startup Testbook secured an undisclosed amount in its Series A round of funding from Matrix Partners India. The startup will utilize the funds for geographical expansion and product growth.

8) GrowthEX founded by Varun Saxena: Gurugram-based online counseling platform GrowthEX raised an undisclosed amount of funding from a group of angel investors. It is a global company with paying users in countries like Singapore, Qatar, Brazil and Nigeria, apart from India. Raised funds will be utilized to scale up the number of experts and programs on the platform, enhance technology, and multifold increase the community engagement initiatives.

Technology Industry

9) Tyre Express founded by Dinesh Wakale and Brijesh Shukla: Mumbai-based enterprise IoT solutions startup Tyre Express secured an undisclosed amount of angel funding led by Rohitash Gupta, the CFO of a BSE-listed knowledge process outsourcing company. Earlier, in January 2017, the startup also raised an undisclosed amount of funding from New York-based HNIs, facilitated by IvyCamp Ventures.

10) Whatfix founded by Khadim Batti and Varakumar NMPK: Bengaluru-based Whatfix secured $3.69 million in its Series A round of funding from Stellaris Venture Partners, Helion Venture Partners, and Powerhouse Ventures. Gokul Rajaram, Girish Mathrubootham (CEO of Freshdesk), Aneesh Reddy (co-founder of Capillary Technologies), and Vispi Daver also participated in the round. Post this round, Stellaris Venture Partners’ Alok Goyal will join the Whatfix Board. The company plans to deploy capitals to strengthen its US presence and invest further in R&D and technology.

11) DataWeave founded by Karthik Ramesh and Vikranth Ramanolla: Japanese adtech company, FreakOut Group, acquired a minority stake in the Bengaluru- and Singapore-based data analytics startup DataWeave for an undisclosed amount of funding led by Blume Ventures, Herb Madan, WaterBridge Ventures and undisclosed VC firms based in India and Singapore. The company will use the raised funds to expand its sales, marketing, and customer success initiatives, focusing on North America. The company will also invest in scaling its data products.

12) Twenty Two Motors founded by Parveen Kharb and Vijay Chandrawat: An electric vehicle (EV) startup Twenty Two Motors secured $1.6 million in pre-Series A round of funding led by Ishwar Singh, CEO, Haryana Industries, and saw participation from Farhaan Shabbir, former director of Harley-Davidson. The company will utilize the funds to develop and test its prototype, hire across verticals and set up its factory.

13) Engazify founded by Siddharth Shekhawat: Pune-based bot and AI technology-driven startup Engazify secured an undisclosed amount of angel funding led by a Silicon Valley-based HNI angel investor, Vaibhav Domkundwar. Engazify runs a performance management bot which helps managers and HR make sense of their employee performance data and gather actionable insights and useful trends.

14) Nanosniff founded by Kapil Bardeja and Anil Gudibande: IIT Bombay incubated startup Nanosniff Technologies secured $300K led by 1Crowd. Nanosniff is a deep technology company working on high impact offerings in the MEMS domain with applications in healthcare and security markets.

15) Artivatic founded by Layak Singh and Puneet Tandon: Bengaluru-based enterprise AI startup Artivatic secured an undisclosed amount of angel funding round from Singapore-based angel investor Rahul Sood. The funding will be used for building proprietaries algorithms and technologies and sales growth.

Healthcare Industry

16) Health Care At Home founded by Vivek Srivastava: Noida-based home healthcare services provider Health Care At Home India Pvt. Ltd secured $40 million from healthcare-focused private equity firm Quadria Capital Advisors Pvt Ltd. The company will utilize the capital to fund its expansion to new cities, including Bangalore, Hyderabad and Kolkata.

17) Konsult App founded by Anshul Mittal: Delhi-based healthcare tele-consultation platform Konsult App secured $500K from a group of angel investors from the US, UK, Netherlands and Australia. The funding was raised in two tranches, from Koen Bouwers, a Board Member at flying car company Terrafugia; Lomesh Agarwal of Magic Leap; Jeroen Mensen of Credit Suisse Investments and Pablo van den Bosch, a board member at Madaster foundation.

18) Medwell Ventures founded by Himanshu Shah and Lalit Pai: Bengaluru-based home health care services provider MedWell Ventures secured $21 million in its Series B round of funding from Mahindra Partners, Eight Roads Ventures, and F-Prime Capital Partners. The company will use the raised funds towards expansion in NCR, Chennai, and Eastern India and for team expansion as well.

19) QorQI founded by Sanjay Singh: Digital payments and commerce platform Paytm has invested an undisclosed amount in an online healthcare startup, QorQI. It plans to expand further to tier II cities across the country.

Food & Beverage Industry

20) WayCool founded by Karthik Jayaraman, Sanjay Dasari, Vignesh Kumar Manogaran and Sendhil Kumar Natarajan: Chennai-based fresh produce distribution startup WayCool secured $2.7 million from early-stage venture capital firm Aspada Investments. The startup will utilize the funding for technological upgradations and to expand to Bengaluru and Hyderabad.

21) Fingerlix founded by Shree Bharambe: Mumbai-based foodtech startup Fingerlix raised $3 million Series A funding from Zephyr Peacock. The startup will deploy the fresh capital to strengthen its growth trajectory and to further intensify its operations in Mumbai, expand into new geographies of Pune and Bengaluru.

22) Wonderchef founded by Ravi Saxena and Sanjeev Kapoor: Sanjeev Kapoor’s online store for kitchen products, Wonderchef received an undisclosed investment from French group Labruyere Eberlé. The newly infused funds will be used towards setting up a manufacturing unit in India and for opening the brand’s exclusive retail outlets in India.

23) Cutting Chai founded by Aditya Sriganesh and Nitesh Verma: Mumbai-based wireless technology startup Cutting Chai Technologies was selected for Facebook’s developer-focussed programme ‘FbStart’ which caters to the early-stage, mobile-focused startups. As part of the programme, the startup will be provided with services & credits worth $40K.

Financial Industry

24) Perfios founded by V.R. Govindarajan: Bengaluru-based fintech firm Perfios raised $6.1 million in its Series A round of funding led by Bessemer Venture Partners. This is Bessemer’s first deal in a pure play fintech platform. The raised funds will be utilized for team strengthening, international expansion to the UAE and Southeast Asia and potential acquisitions.

25) Credit Sudhaar founded by Gaurav wadhwani and Arun Ramamurthy: Mumbai-based fintech firm Credit Sudhaar secured an undisclosed amount of funding from Deepak Kulkarni and Sandeep Pangal. The company will deploy the raised funds to build a platform, to help them raise a $25 million funding round.

Logistics Industry

26) ElasticRun founded by Shitiz Bansal, Saurabh Nigam and Sandeep Deshmukh: Kalaari Capital and Norwest Venture Partners led a $7 million funding round in ElasticRun, a Pune-based stealth startup. The startup will use the funding to further build technology infrastructure, on-board talent, and expand operations.

27) Trukky founded Saswat Sahu and Subhasish Das: Intercity logistics marketplace Trukky raised $500K in a pre-Series A round of funding led by existing as well as new angel investors. The company will utilize the fresh fund on consumer acquisition, besides expanding its services to more Indian cities.

28) Fastfox founded by Anshul Gupta and Pallav Pandey: Delhi-based B2C home rental firm Fastfox (earlier known as Professional Brokers) raised $4.6 million led by Lightspeed India Partners, Blume Ventures, CyberAgent Ventures and others in a Series A funding round. The raised funds will be utilized to improve its technology, service delivery model and team expansion across engineering, sales, and operations.

Hospitality Industry

29) RedDoorz founded by Amit Saberwal and Asheesh Saxena: Online budget hotel brand and booking platform RedDoorz raised $1 million venture debt in an extended Series A round from InnoVen Capital, Asia Investment Fund of Susquehanna International Group (SIG), International Finance Corporation (IFC), and Jungle Ventures.  Jungle Ventures had earlier invested in the company’s Pre-Series A round along with 500 Startups in 2015.

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