Funding in Indian startups this week (September 20-September 25)


This week, 46 Indian startups raised funds, 38 of which received a total of $ 597 million. Cars24 raised the highest funding of around $ 450 million, followed by Delhivery and Medikabazaar which raised $ 125 million and $ 75 million respectively.

Meanwhile, funding for the eight funded startups in total has not been disclosed.

Below is the summary of the transactions concluded this week

Growth / late stage agreements

Cars24: Used car platform Cars24 has raised $ 450 million in equity and debt from SoftBank, Tencent, DST Global, Falcon Edge’s Alpha Wave Incubation, and others. Since then we have already reported the first installment of Cars24 of $ 258.6 million in the 9/11 edition, we will only include the remaining amount which is $ 191.4 million in total this week.

Delivery: Logistics and supply chain services startup Delhivery announced $ 125 million in new funding from Addition, an investment fund from former Tiger Global partner Lee Fixel. From Delhivery had already raised $ 76.4 million in the first tranche on September 6, we will include the remaining amount or $ 48.6 million in total this week.

Medikabazaar: Medikabazaar announced to have raised $ 75 million in Series C investments led by CREAEGIS, with CDC Group, the UK’s development finance institution, and existing investors.

ZestMoney: Buy-now-pay-tard (BNPL) start-up ZestMoney says it has raised $ 50 million from leading company BNPL Zip Co Limited. This is part of a larger Series C fundraiser that will see participation from existing investors.

Deep vision: Tech firm Deep Vision, Inc on Monday said it had raised $ 35 million (roughly Rs 257.8 crore) under the leadership of Tiger Global.

Cell of life: Leading stem cell bank LifeCell International says it has raised Rs 255 crore, or $ 34.5 million, in funding round led by healthcare investment firm OrbiMed Asia Partners IV.

FloBiz: FloBiz, a mobile invoicing app for businessmen like distributors, wholesalers, traders and retailers, raised $ 31 million in its Series B round led by Sequoia Capital India, Think Investments and its investors existing Elevation Capital and Beenext.

Design cafe: Online interior design startup Design Cafe has raised $ 25 million in its extended Series B funding round led by existing investors WestBridge Capital and joined by Sixth Sense Ventures.

Wow! Momo: Quick-service restaurant chain Wow! Momo said it raised $ 15 million in a Series C funding round led by Tree Line Investment Management, bringing its valuation to over Rs 1,225 crore, or $ 165 million. IAN Fund and existing investor Lighthouse Funds also participated in the round table.

First row: Celebrity-focused online learning community platform FrontRow raised $ 14 million or Rs 104 crore in a Series A round. This is the first round of funding for the based company. in Bengaluru this year.

ePay Later: Fintech start-up ePayLater has raised $ 10 million in its Series B round led by a group of investors such as Zurich-based Responsability Investments AG, Blue Ashva Capital, Pravega Ventures and others.

Chqbook: Chqbook, a neo-banking platform for small business owners, raised Rs 40 crore or $ 5.42 million in pre-Series B round led by existing investor Aavishkaar Capital and Rajiv Dadlani Group .

Early stage offers

Karbon card: Karbon Card, a fintech startup focused on corporate cards, raised $ 12 million in its pre-Series A round led by US fintech firm Unicorn Ramp, Rainfall Ventures, Roka Works and Y Combinator. Other global investors also participated.

Fittr: Fittr, a fitness tech startup, raised $ 11.5 million in its Series A round led by Dream Sports venture capital fund, Dream Capital and Elysian Park Ventures. Existing funder Sequoia India’s Surge also participated in the round.

Lio: SaaS Startup Lio raised $ 5 million in a funding round led by Lightspeed India Partners and Sequoia Capital India, according to a statement shared by the company.

inai: inai, a no-code platform for payment processing, raised $ 4 million in its funding round led by Paua Ventures and 9Unicorns, based in Berlin.

New street: Blockchain technology facilitator New Street Technologies has secured $ 4 million in funding in a follow-up round.

Aerchain: Aerchain, an AI tech startup focused on the purchasing segment, has raised $ 3 million in its pre-Series A cycle co-led by IndiaMart and Season Two Ventures.

BeepKart: BeepKart, an online retailer of used two-wheelers, has raised $ 3 million in its funding round led by Stellaris Venture Partners and Chiratae Ventures. A group of angels such as Varun Alagh, Sahil Barua, Vivekananda Hallekere, Kunal Shah, Ramakant Sharma, Rajesh Yabaji and Rajesh Sawhney also joined the tour.

Club: Income-based funding platform Klub raised Rs 20 crore or $ 2.7 million in a debt financing round led by Trifecta Capital.

Credit Law: Fintech startup CredRight raised $ 2.7 million in a round led by 9Unicorns, Spearhead Capital and Venture Catalyst. Existing investors YourNest, Accion Venture Labs and other angel investors have also joined the cycle.

Zero Rule: RuleZero, a private equity management platform based in Bengaluru, has finalized the raising of its seed $ 2.5 million round. Extended cycle saw participation of US fintech fund The Treasury, Valiant Capital employees, national start-up funds – YourNest Venture Capital, Blume Founders Fund and a few angel investors.

Eichiba: SaaS startup Eichiba has raised $ 1.35 million from cross-border venture capital firm Sirius One Capital.

TravClan: B2B travel technology platform TravClan has raised $ 2.2 million in its pre-Series A round led by Korea and Singapore-based venture capital firm TheVentures, and Leo Capital. The cycle also saw the participation of global and renowned angel investors.

Hatti kaapi: authentic coffee brand based in Bengaluru Hatti kaapi recently announced its Rs 10 crore or $ 1.35 million pre-series A round led by BlueWolf Capital, Investribe, Kochi Holdings and CreedCap Asia.

Hera: Hyderabad-based healthcare tech startup Hera, whose goal is to make women’s health care more affordable and accessible through friendly conversation, raised $ 1 million in a fundraising campaign led by angel investors.

CuriousJr: CuriousJr, an online coding platform for kids, raised $ 1 million in its funding round led by WaterBridge Ventures, EnziaVentures and angel investors. Aditya Shankar, Tanushree Nagori, Abhinav Sinha, Mohd Wassem and Shashank Shekhar also participated.

Supersizes: Supertails, a digital pet care startup, raised Rs 5.75 crore or $ 0.78 million in a venture capital round led by venture capital fund Alteria Capital.

HappyCredit: HappyCredit, an instant cash back platform, raised 5 crore rupees or $ 0.67 million in pre-seed from Kunal Shah, Krishna Kumar as well as US and Canadian investors such as Goodwater Capital, Magic Fund, MyAsiaVC, Alex Lin and others.

Kolo: Kolo, a residential construction market, raised $ 0.55 million in its pre-seed round led by Better Capital. Singularity Ventures and other high profile investors such as Haryopratomo, Rajesh Sawhney from GSF India and Vir Kasyap also participated in the round.

Tummoc: based in Bangalore Tummoc raised $ 0.54 million in its seed funding round from leading angel investors including Vineet Singh (founder of HMPL Consulting), Krishna D (head of software development at Amazon), Deependra Bisht (strategy and operations at Google) and Alan Aim (Founder of Right Buy U, UK).

Mindler: Mindler, a career counseling platform for students and educators, said it raised $ 1.5 million in a pre-Series A funding round led by Ecosystem Ventures, Inflection Point Ventures, nVentures Singapore and Chennai Angels.

Aunt Fung’s: Auntie Fung’s, a fast food start-up (QSR), raised 3.35 crore rupees or $ 0.45 million in a fundraiser led by Indian Angel Network (IAN). The round was led by angel investors Anjali Malhotra, Ajay Rajgarhia and Nitin Jain. Lead Angels, LetsVentures and Chandigarh Angels also participated.

SiCureMi: Health tech startup SiCureMi said it has raised $ 0.42 million in pre-seed funding through grants from Pfizer India, Sanofi India, BIRAC, C-Camp, COPIC and RightSide Capital.

BrainGymJr: Mumbai-based BrainGymJr raised INR 2.5 crore or $ 0.33 million during its Angel tour in July 2021.

Resize: Endimension, a healthcare AI start-up, raised Rs 2.3 crore or $ 0.3 million in its funding round led by Inflection Point Ventures (IPV).

Bluepad: Bluepad, a vernacular content platform, raised Rs 1.8 crore or $ 0.24 million in a pre-seed round led by Titan Capital and AngelList’s Syndicate.

EV sockets: EV Plugs, an aggregation app for EV charging stations, has raised $ 0.15 million in a new round led by family and friends.

Offers not disclosed this week

Razorpay, Fibroheal, Expertons, PayCardo, Nimble Growth, My3DSelfie, Leverage Edu, and Frenzi did not disclose their financial details.

* Every week, we follow the startups that have raised new investments. Stay tuned for next week’s recap.

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