July 31 2022 - ChattyBao raised $5 million, Parker got acquired by Steward Partners Global Advisory
Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.
In this edition, we will cover funding rounds of ChattyBao, Threado, Crypso, and more. In exits, we will cover the acquisition of Parker by Steward Partners Global Advisory among others.
Starting with our deep dive into funding rounds, tech companies in India raised close to $22 million of funding across 17 funding rounds during this week.
In a major funding event, Online Grocery startup, ChattyBao, raised $5 million in a Seed funding round led by Info Edge and Vertex Ventures with participation from 7Square Ventures. ChattyBao is a provider of software solutions for grocery retailers. It provides a platform that enables users to connect with local merchants through the WhatsApp application. ChattyBao allows users to search, chat, order products, make online payments, and request home delivery from nearby merchants. Founded in 2021 by IIM Ahmedabad alumni and IIT Madras alumni, Delhi-based, ChattyBao, has raised $5 million till date.
Enterprise Applications startup, Threado, raised around $3 million in a Seed funding round led by Vertex Ventures with participation from Speciale Invest, PointOne Capital, Gemba Capital, and others. Threado offers cloud-based community management solutions. It provides engagement tools to manage conversations, share files, offer social calendars, and more. Threado also personalizes interactions, automates community workflows, and delivers insights for customer engagement. Founded in 2020 by IIT Kharagpur alumni, Gurgaon-based, Threado, has raised over $3 million till date.
Bangalore-based, FinTech startup, Crypso, raised $3 million in a Seed funding round from Hashed, Whiteboard Venture Partners, Better capital, and others. Crypso offers an online crypto-focused social trading platform. It allows users to join a community of crypto investors, create chat groups, and follow top crypto influencers, signals & portfolios. Founded in 2021 by IIT Kharagpur alumni and IIT Bombay alumni, Crypso has raised over $4 million till date.
This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 31 Jul 2022.
Mumbai-based startup, Parker, was acquired by Steward Partners Global Advisory. Parker is a provider of motion and control technologies. It offers precision engineered solutions for mobile, industrial and aerospace markets. Its product offerings include cylinders, actuators, gas generators, purifiers, and more. Parker was founded in 1918.
This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.