June 20 2022 - ShareChat raised $255 million, Pickrr got acquired by ShipRocket

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.

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 Niyo, Eka Care, Fitterfly, and more. In exits, we will cover the acquisition of IPLTech Electric by TI Clean Mobility, among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $83 million of funding across 18 funding rounds during this week.

In a major funding round, Bangalore-based, FinTech startup, Niyo, raised $30 million of funding led by Multiples Alternate Asset Management. Niyo is an internet first digital bank. Niyo offers a payroll card and a zero balance account with facilities like account opening, advance salary, and free accidental insurance. It provides zero foreign currency exchange premium and deposits in the users account viacentralized payment system operated by the Reserve bank of India. Founded in 2015 by IIM Calcutta alumni, Niyo, has raised $179 million till date.

HealthTech startup, Eka Care, raised $15 million in a Series A funding round led by Hummingbird Ventures with participation from Mirae Asset, Verlinvest, Aditya Birla Ventures, and others. Eka care provides a telehealth solution for patients and doctors to schedule appointments. It allows patients to get a complete assessment of symptoms and helps patients in managing their health records. Eka care offers a digital prescription tool that provides ML-driven dosage suggestions for doctors and creates FHIR compliant electronic health records. Founded in 2021, Bangalore-based, Eka Care, has raised over $19 million till date.

Mumbai-based, HealthTech startup, Fitterfly, raised $12 million in a Series A funding round led by Fireside Ventures with participation from 9Unicorns, Venture Catalysts, Sriram Natarajan, and others. Fitterfly offers a digital therapeutic application for the management of diseases like diabetes, PCOS, clinical obesity, child nutrition, general wellness, pregnancy and lactation. It also allows users to measure and monitor blood sugar levels, exercise, sleep, stress and provides suggestions with customized meal recommendations based on the data. Founded in 2016, Fitterfly, has raised close to $18 million till date.

JAR, a Bangalore-based, FinTech startup, raised over $2 million in a Series A funding round. JAR provides an application-based savings and gold investment platform. It allows users to buy and sell gold assets online. It also allows users to save money by taking spare change from online transactions and facilitates automatic investments. The application is available for Android platforms on the Google Play Store. Founded in 2021, JAR, has raised over $39 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 5 exits during the week of 24 Jul 2022.

Auto Tech startup, IPLTech Electric, was acquired by TI Clean Mobility. IPLTech Electric is a manufacturer of electric trucks with features such as extended battery range, geofencing, live vehicle tracking, regenerative braking, and more. Faridabad-based, IPLTech Electric, was founded in 2018. 

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.

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 OneScore, LifeWell, Garuda Aerospace, and more. In exits, we will cover the acquisition of Clinix by MediBuddy among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $362 million of funding across 27 funding rounds during this week.

In a major funding event, FinTech startup, OneScore, raised $102 million in a Series D funding round led by Temasek, with participation from QED Investors, Sequoia Capital, Hummingbird Ventures, and others. With this funding round, OneScore achieved unicorn status. It offers a credit score management platform that allows users to check for credit scores, credit card history and loan updates. It also offers tips and suggestions with personalized insights to improve the credit score. Founded in 2019 by IIT Delhi alumni and IIM Bangalore alumni, Pune-based, OneScore has raised $305 million till date.

Mohali-based, HealthTech startup, LifeWell, raised $80 million of funding led by Orbimed. LifeWell, provides an online platform that allows users to buy multiple healthcare products such as breast care products, Covid-19 essentials, pulse oximeters, general health products, home care products, non-contact infrared thermometers, and more. Founded in 2020, LifeWell, has raised $80 million till date.

Chennai-based, Maritime and Defense Tech startup, Garuda Aerospace, raised $30 million in a Series A funding round. Garuda Aerospace, designs and builds unmanned aerial vehicles, customizes drones for various applications like photography, agricultural survey, surveillance, and more. It also offers services in the areas of agriculture, crowd monitoring, defense and wildlife monitoring. Founded in 2015, Garuda Aerospace, has raised over $31 million till date.

Energy Tech startup, Detect Technologies, raised $28 million in a Series B funding round led by Prosus, with participation from Accel, Bharat Fund, Bluehill Capital, and others. Detect Technologies, provide solutions for pipeline integrity monitoring and inspection with AI-driven products that help in predictive maintenance of oil and gas pipeline leakages. It also offers an automated and continuous condition monitoring system for pipelines that can operate at extreme temperatures. Founded in 2016 by IIT Madras alumni, Chennai-based, Detect Technologies, has raised over $45 million till date.

Vegrow, Hyderabad-based, CropTech startup, raised $25 million in a Series B funding round led by Prosus, with participation from Ankur Capital, Matrix Partners India, Lightspeed Venture Partners, and others. It provides tech-enabled farming and personalized advisory services to farmers based on soil, water, weather, stage of the crop, and more. It also helps farmers in improving the utilization of farms through field intervention in horticulture crops. Founded in 2020 by IIT Madras alumni and IIT Kharagpur alumni, Vegrow has raised over $40 million till date.

Bangalore-based, HealthTech startup, Wysa, raised $20 million in a Series B funding round led by HealthQuad, with participation from Kae Capital, Pi Ventures, W Health Ventures, and others. It provides an AI-based chatbot for managing mental health and measures users emotions using cognitive-behavioral techniques. It also uses machine learning to understand the emotional state of the user and proactively reaches out to the user for help as and when required. Founded in 2015, Wysa, has raised over $30 million till date.

Life Sciences startup, String Bio, raised $20 million in a Series B funding round led by Woodside, with participation from Ankur Capital, Zenfold, Dare Venture Group, and others. String Bio, develops synthetic biotechnology solutions for waste carbon recycling and focuses on the production of high-value products, like feedstocks. It also produces high-performance polymers from industrial waste carbon, such as methane and CO2, using metabolically engineered bacteria. Founded in 2013, Bangalore-based, String Bio, has raised over $24 million till date.

Wheelocity, Chennai-based, E-Commerce startup, raised $12 million in a Series A funding round led by Lightspeed Venture Partners, and Anicut Capital. It provides a platform that offers technology-driven solutions for the commerce ecosystem to integrate with all touchpoints of the value chain. Wheelocity also offers fulfillment centers, proprietary network design, IoT-enabled operational frameworks, shared infrastructure models, last-mile delivery, and more. Founded in 2005 by IIT Madras alumni, Wheelocity, has raised $12 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 17 Jul 2022.

Hyderabad-based, HealthTech startup, Clinix, was acquired by MediBuddy. Clinix provides a platform that enables users to book appointments and connect with doctors for consultation and medical advice via chat, audio, or video call. It also offers continuous chronic care from diabetologists, cardiologists, neurologists, pulmonologists, orthopedics, and oncologists. Clinix was founded in 2021 by BITS Pilani alumni. 

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.

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 OneCard, BookMyShow, InsuranceDekho, and more. In exits, we will cover the acquisition of Shippigo by Emiza among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $372 million of funding across 18 funding rounds during this week.

In a major funding event, FinTech startup, OneCard, raised $100 million in a Series D funding round led by Temasek, and GIC. It offers an application that allows users to control all aspects of credit cards including credit limit, instant rewards redemption, domestic and international use, online and offline transactions, contactless payments, and more. It also provides a loyalty program to consumers by offering them reward points and allowing them to redeem on their next purchase. Founded in 2019 by IIT Delhi alumni and IIM Bangalore alumni, Pune-based, OneCard has raised $226 million till date.

Media and Entertainment startup, BookMyShow, raised $100 million in a Series D funding round led by TPG. Book My Show offers a ticketing platform for theaters, sports, activities, fan hood, workshops, concerts, dramas, movies, and more. It also allows users to host events, and provides online marketing solutions through its gateway. The application is available for iOS and Android users. Founded in 1999, Mumbai-based Book My Show has raised $328 million till date.

Haryana-based, FinTech startup, InsuranceDekho, raised $100 million. It offers an online comparison platform for life, property, and casualty insurance. InsuranceDekho allows users to choose from various policies, compare prices, and make payments. It also provides technical support and assistance during claim settlements and offers insurance plans for health, cars, and bikes. Founded in 2009, InsuranceDekho has raised $120 million till date.

FinTech startup, Innoviti, raised $45 million in a Series D funding round led by Panthera Growth Partners. Innoviti offers POS and payment management software solutions for businesses. It offers a collaborative commerce payments platform for merchants to accept payments from credit cards, debit cards, mobile wallets, and UPI. It also enables lenders to disburse loans and extend EMI services to customers at POS terminals. Founded in 2002 by IIT Bombay alumni, Bangalore-based Innoviti has raised $130 million till date.

MarketWolf, Mumbai-based, FinTech startup, raised $10 million in a Series A funding round led by Dream Sports and Jungle Ventures with participation from Crescent Capital Group, 9Unicorns, iSeed, and others. MarketWolf provides an app-based trading platform for stocks, commodities, indices, and forex. The application lets users invest in different instruments based on trading preferences and risk appetite. It allows users to start trading using practice mode based on experience, and progress as they learn along the way. Founded in 2017 by IIT Delhi alumni, MarketWolf has raised over $17 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 10 Jul 2022.

Gurgaon-based, Transportation and Logistics Tech startup, Shippigo, was acquired by Emiza. Shippigo being a multi-carrier shipping solution, allows e-tailers to integrate their shopping carts and web stores to import shipping details. It allows users to manage reverse logistics and allows them to further search, compare prices, book services, and print shipping labels for multiple partner carriers. Shippigo was founded in 2018.

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.

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 Progcap, SOLV, GetVantage, and more. In exits, we will cover the acquisition of StayAbode by Housr among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $174 million of funding across 19 funding rounds during this week.

FinTech startup, Progcap, raised $40 million in a Series C funding round led by Creation Investments, Tiger Global Management, and Google with participation from Sequoia. Progcap offers an online lending marketplace for working capital loans. Progcap provides customized financing solutions for micro and small businesses where users can apply for collateral-free loans using the mobile app or web platform for instant loan approval. Its platform offers a credit model solution that evaluates borrowers' creditworthiness based on business activities data and supply chain ecosystem parameters. Founded in 2016, Delhi-based Progcap has raised $101 million till date.

Bangalore-based, E-commerce startup, SOLV, raised $40 million in a Series A funding round led by SBI Holdings with participation from SC Ventures, and Standard Chartered. SOLV offers a chat-based platform that helps small businesses to connect with new customers and suppliers. It allows users to buy and sell products at wholesale prices across categories such as farm products, hospitality, restaurants, electronics, and more. It also provides small businesses with various financing options such as business installment loans, short-term credit for orders, financing for inventory, and receivables. Founded in 2019 by BITS Pilani alumni, SOLV has raised $40 million till date.

GetVantage, a FinTech startup, raised $36 million in a Series A funding round led by VCAPL and Sparkle Fund with participation from Haldiram Foods International, Dream Incubator, Chiratae Ventures, and others. GetVantage provides an online platform for revenue-based financing. It offers finance for digital expenditures and loans in return for a fixed percentage of ongoing gross revenues. It features machine-driven credit decisions, loan disbursement via credit cards, repayments via payment gateways, and more. Founded in 2019, Mumbai-based GetVantage has raised over $41 million till date.

Noida-based, Enterprise Applications startup, Connecto, raised $21 million from Pixspan. Connecto builds tools that help marketers and product managers to engage with their customers. It offers widgets that personalizes websites and maximizes leads capture and sales on the website. Its features include automated lead scoring, user targeting, profile matching, and more. Founded in 2013, Connecto has raised $21 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 1 exit during the week of 03 Jul 2022.

Real Estate and Construction Tech startup, StayAbode, was acquired by Housr. StayAbode provides listings of managed co-living spaces with relevant information about the property, location and contacts. It provides facilities including community spaces like gaming rooms, music, internet, housekeeping, study space, laundry room, printing, and parking. Its users can search for rental spaces based on location through the platform and owners can advertise their co-living spaces. Founded in 2016 by ex-Goldman Sachs employee, StayAbode has raised close to $2 million till date from Martin & Harris, Incubate Fund India, Veeraa Ventures, and others.

This was all for today, we will be back next Monday with more updates. You can usubscribe 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.

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 LeadSquared, Leap Scholar, Appsmith, and more. In exits, we will cover the acquisition of Setu by Pine Labs, among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $364 million of funding across 19 funding rounds during this week.

In a major funding round event, Bangalore-based Enterprise Applications startup, LeadSquared, raised $153 million in a Series C funding round led by WestBridge Capital with participation from Gaja Capital, IFC and Stakeboat Capital. LeadSquared is a provider of cloud-based marketing automation and sales productivity solutions. It enables businesses to capture, engage and convert leads from online marketing, create landing pages, segment leads, and send automated personalised emails to customers. Founded in 2011, LeadSquared has raised $191 million till date.

EdTech startup, Leap Scholar, raised $75 million in a Series D funding round led by Owl Ventures with participation from Paramark Ventures, Sequoia Capital, Steadview Capital, and others. Leap Scholar is a provider of guidance for admission and scholarships. Its platform offers assistance for students pursuing education abroad, such as counselling services, visa services, test preparation services, and education loans. Founded in 2019 by IIT Kharagpur alumni, Bangalore-based Leap Scholar has raised over $152 million till date.

Appsmith, a Bangalore-based Enterprise Infrastructure startup, raised $41 million in a Series B funding round led by Insight Partners with participation from Accel, OSS Capital, Canaan, and others. Appsmith is a provider of cloud-based solutions for the development of admin panels. Its features include feedback and reports, collaboration, bug reporting, user interface creation, identity management, and API integration. Founded in 2019, Appsmith has raised over $51 million till date.

In another funding round event, Auto Tech startup, Statiq, raised over $25 million in a Series A funding round from Shell Ventures. Statiq is a provider of electric vehicle charging solutions. It enables users to locate nearby charging stations and book slots using the app. Its charging stations are located at parking places like office parking, shopping malls, residential apartments and restaurant parking spaces. Founded in 2019, Gurgaon-based Statiq has raised over $27 million till date. 

Online Grocery startup, WayCool, raised $25 million in a funding round led by 57 Stars. WayCool is an online distributor of farm products. It procures fruits, dairy, and vegetables directly from farmers, aggregators, and cooperatives for supply to hotels, restaurants, retailers, and wholesalers. It also offers an app that enables clients to order food and produce. Founded in 2015, Chennai-based WayCool has raised close to $272 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 2 exits during the week of 26 Jun 2022.

Bangalore-based FinTech startup, Setu, was acquired by Pine Labs. Setu is a provider of open-banking aggregation APIs. It partners with financial institutions, creates accounts, and manages them. It routes the payment across networks and offers solutions for businesses in order to offer financial services to their customers. It also offers toll payment collection solutions. Founded in 2018 by IIT Madras alumni, Setu has raised over $18 million till date. 

In another acquisition event, Jalgaon-based Crop Tech startup, Jain Irrigation Systems, was acquired by Rivulis Irrigation. Jain Irrigation Systems is a manufacturer and distributor of irrigation equipment. Its product offerings include drip irrigation systems, sprinkler irrigation systems, PVC pipes, irrigation fittings, and greenhouse and lighting equipment. Founded in 1963, Jain Irrigation Systems has raised $690 million till date. 

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.

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 ShareChat, upGrad, Infra.Market,  and more. In exits, we will cover the acquisition of Pickrr by ShipRocket, among others.

Starting with our deep dive into funding rounds, tech companies in India raised over $712 million of funding across 26 funding rounds during this week.

In a major funding round event, Bangalore-based Media & Entertainment startup, ShareChat, raised $255 million from The Times Group and Google. ShareChat is a vernacular-based social networking platform. It enables users to share content in various Indian languages, follow local celebrities, expand their network, read news, horoscopes, poetry and satire on Indian politics, and play microgames. Founded in 2015, ShareChat has raised over $1.7 billion till date.

Mumbai-based EdTech startup, upGrad, raised $225 million in a funding round led by ArcelorMittal and Lupa Systems with participation from Temasek, ETS, Sunil Bharti Mittal, and others. upGrad is an app-based platform providing higher education programs for working professionals. It offers online accredited courses and certificates in relevant industries such as e-commerce, big data, and BFSI. It provides courses on finance, operations, strategy, leadership, and more. It also provides one-on-one career guidance solutions. Its mobile app is available for Android and iOS devices. Founded in 2015, upGrad has raised close to $723 million till date.

Infra.Market, a Real Estate and Construction Tech startup, raised $50 million from Accel, Evolvence India, Nexus Venture Partners, and others. Infra.Market is an online marketplace for procuring construction materials. It provides users with access to materials like cement, ready-mix concrete, aggregates, and construction chemicals. It also includes features like cloud manufacturing, value-chain control, retail as a service, and equipment banking. Founded in 2017, Thane-based Infra.Market has raised $382 million till date.

Mumbai-based Gaming startup, FanClash, raised $40 million in a Series B funding round from Info Edge, Sequoia Capital, Falcon Edge Capital, and others. FanClash is an e-sports fantasy gaming platform. Its features include e-sports tournament management, fantasy contests management, and league management. Founded in 2020, FanClash has raised over $50 million till date.

In another funding round event, Delhi-based Auto Tech startup, Battery Smart, raised $25 million in a Series A funding round from Tiger Global Management. Battery Smart operates a network of battery-swapping stations for electric vehicles. It enables electric three-wheelers and two-wheelers to swap interoperable Lithium-ion batteries. It also offers a mobile application for users to find charging stations, and for partners to manage the charging station operations. Founded in 2020 by IIT Kanpur alumni, Battery Smart has raised over $36 million till date.

Bangalore-based FinTech startup, Innoviti, raised $22 million in a Series D funding round from Alumni Ventures. Innoviti is a provider of POS and payment management software for businesses. It offers a collaborative payment platform for merchants to accept payments from credit cards, debit cards, mobile wallets, and UPI. It also enables lenders to disburse loans and extend EMI services to customers at POS terminals. Founded in 2002 by IIT Bombay alumni, Innoviti has raised over $84 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 6 exits during the week of 19 Jun 2022.

Transportation and Logistics Tech startup, Pickrr, was acquired by ShipRocket. Pickrr is an AI and SaaS-based marketplace for end-to-end delivery services. It provides reverse logistics, as well as doorstep pick and pack services. It also acts as a closed marketplace for courier services and enables businesses to book their shipping requirements, track shipments and generate reports. Founded in 2015, Faridabad-based Pickrr has raised over $16 million till date.

In another acquisition event, Delhi-based E-commerce startup, Overcart, was acquired by ControlZ. Overcart is a marketplace for over-stock, unboxed, and pre-owned electronic products. It enables customers to buy and sell quality-certified, pre-owned, new, unboxed, refurbished, overstocked and carton-damaged products. The portal enables users to browse through the catalog of preowned products or sell their own. It also helps businesses set up their liquidation process, provides pricing data for unboxed items, and liquidates through an exclusive marketplace. Founded in 2012, Overcart has raised over $3 million till date.

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.

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 CRED, PW, Kissht, and more. In exits, we will cover the acquisition of Lybrate by Pristyn Care.

Starting with our deep dive into funding rounds, tech companies in India raised around $476 million of funding across 26 funding rounds during this week.

In a major funding round event, FinTech startup, CRED, raised $140 million in a Series F funding round led by GIC with participation from Alpha Wave Global, DF International Group, Tiger Global Management, and others. CRED is a provider of an app-based and reward-enabled payment platform for credit card bills. It allows credit card users to pay their bills and earn cred coins, which can be redeemed for prizes from partner companies. It helps users manage various credit cards, keep a track of credit ratings in real-time, and utilise calculators for home loans, EMIs, PPFs, and other financial products. The app is compatible with both iOS and Android devices. Founded in 2018, Bangalore-based CRED has raised around $1 billion till date.

Noida-based PW, an EdTech startup, raised $100 million in a Series A funding round from WestBridge Capital and GSV Ventures. PW is a provider of an app-based tutoring platform for students. It offers tutoring on subjects like physics, math, chemistry, botany and economics. Additionally, PW provides study resources for exams like notes, recorded videos, and reference books. Its app is available for Android devices. Founded in 2016, PW has raised $100 million till date.

FinTech startup, Kissht, raised $80 million in a Series E funding round led by Vertex Growth with participation from Endiya Partners and The Solvent Extractors' Association of India. Kissht is an online marketplace for consumer loans. It offers loans such as personal loans, point-of-sale financing, credit lines, and more. It allows users to register through the KYC process by uploading their Aadhar card. Founded in 2015, Mumbai-based Kissht has raised $131 million till date.

In another funding round event, E-commerce startup, Cashify, raised $50 million in a Series E funding round led by Prosus with participation from Paramark, American Electric Power, Bessemer Venture Partners, and others. Cashify is an online platform offering pre-used gadgets and accessories. It enables users to sell phones, tablets, gaming consoles, cameras, TVs, audio devices, and laptops. Founded in 2013, Gurgaon-based Cashify has raised $90 million till date.

Mumbai-based Purplle, a Beauty Tech startup, raised $33 million in a Series E funding round led by Paramark with participation from Premji Invest, Blume Ventures and Kedaara Capital. Purplle is an online marketplace for multi-category beauty products. Its offerings include makeup, fragrances, grooming kits, and products for facial, skin, body, hair and eye care, as well as beauty appliances. Founded in 2011, Purplle has raised $309 million till date.

FinTech startup, FlexiLoans, raised $27 million in a Series B funding round from Maj Invest and Fasanar. FlexiLoans is an online marketplace for business loans. It offers multiple types of business loans including vendor financing, term loans, business credit lines, and purchase order financing. To apply for a loan, businesses must add the required details and obtain approval which is based on proprietary credit assessment. Once approved, the funds are transferred to the registered bank account. Founded in 2015, Mumbai-based FlexiLoans has raised over $62 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 4 exits during the week of 12 Jun 2022.

In another acquisition event, Media & Entertainment startup, Mitron, was acquired by Koo App. Mitron is a social platform for sharing short videos. It allows users to create short, humorous videos using various filters, and share them with other users on the platform. Founded in 2000, Bangalore-based Mitron has raised around $9 million till date.

Delhi-based HealthTech startup, Lybrate, was acquired by Pristyn Care for over $15 million. Lybrate is a multi-speciality telemedicine platform. It enables patients to consult with doctors over chat, phone or video call. Users can search for doctors based on their specialisation, ratings, and reviews. It also offers appointment booking for physical visits to the doctor, and an online marketplace for diagnostic tests. Lybrate includes a practice management solution for doctors. Founded in 2013, Lybrate has raised over $14 million till date.

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.

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 Ampere Vehicles, Cuemath, SUGAR Cosmetics,  and more. In exits, we will cover the acquisition of OneDirect by Gupshup, among others.

Starting with our deep dive into funding rounds, tech companies in India raised close to $559 million of funding across 31 funding rounds during this week.

In a major funding event, Coimbatore-based Auto Tech startup, Ampere Vehicles, raised $220 million from Abdul Latif Jameel. Ampere Vehicles is a manufacturer of electric scooters. Its features include front suspensions, long-range, multiple colour options and Lithium-ion batteries. Founded in 2008, Ampere Vehicles has raised close to $229 million till date.

EdTech startup, Cuemath, raised $57 million in a funding round led by Alpha Wave Global with participation from Manta Ray, Aspada Investments, Sequoia Capital, and others. Cuemath is a provider of live online classes for school students. It offers interactive, 1-on-1 classes and math tutoring solutions, with features like workbooks, puzzle cards, tab-based math activities, and personalised learning. Founded in 2013 by IIT Delhi alumni, Bangalore-based Cuemath has raised $126 million till date.

Mumbai-based SUGAR Cosmetics, an E-commerce startup, raised $50 million in a Series D funding round led by L Catterton with participation from A91 Partners, India Quotient, and Elevation. SUGAR Cosmetics is an internet-first brand of multi-category cosmetics. It offers products such as lipsticks, nail polishes, eyeliners, definers, highlighters, and more. It also provides gift boxes that include an assortment of various beauty products packed together. Founded in 2012, Mumbai-based SUGAR Cosmetics has raised close to $81 million till date.

In another funding round event, Food Tech startup, Curefoods, raised $50 million in a Series C funding round led by Winter Capital with participation from Chiratae Ventures and Iron Pillar. Curefoods is an internet-first restaurant. Its menu includes pizzas, biryanis, parathas, and more from brands like EatFit, Aligarh House and Masalabox. Founded in 2016, Bangalore-based Curefoods has raised $118 million till date.

slice, a Bangalore-based FinTech startup, raised $50 million in a Series C funding round led by Tiger Global Management with participation from Moore Ventures, Insight Partners, and GMO Venture Partners. Slice is a provider of credit cards for consumers. It offers credit cards for bill payments, cash withdrawals, online and offline purchases. It enables users to avail of cash loans and make repayments in installments, as well as an app-based virtual credit card for online transactions. Founded in 2016, slice has raised $331 million till date.

Online Grocery startup, bigbasket, raised around $45 million from Supermarket Grocery Supplies. bigbasket is an online retailer of groceries and essentials. It allows users to purchase products like fruits, vegetables, staples, baked products, snacks, beverages, personal and baby care products. Founded in 2011, Bangalore-based bigbasket has raised close to $853 million till date.

In another funding round event, Orange Health, a HealthTech startup, raised $25 million in a Series B funding round led by Bertelsmann India Investments and General Catalyst Partners, with participation from Accel, Uncorrelated Ventures, Good Capital, and others. Orange Health is a provider of home-based diagnostic test services. Users can have their samples collected from their homes, as well as access reports through the platform. It offers health checkups for lifestyle-related disorders, infectious diseases, and more. Founded in 2020, Bangalore-based Orange Health has raised around $35 million till date.

Gurgaon-based Synaptic, a FinTech startup, raised $20 million in a Series B funding round led by Valor Equity Partners. Synaptic is a provider of a data analytics platform. It provides investors and financial institutes with AI-based alerts for tracking portfolio companies, competitors, and sectors, using analysis-based algorithms and hypotheses. Founded in 2016, Synaptic has raised $26 million till date. 

Media & Entertainment startup, Eloelo, raised $13 million in a Series A funding round led by KB Investment and Kalaari Capital, with participation from Rocket Capital, Lumikai, Convivialite Ventures, and others. Eloelo is a provider of a social gaming platform. It allows users to play live games with their favourite creators and earn money, as well as vote for creators and other content. Founded in 2020, Bangalore-based Eloelo has raised over $31 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 05 Jun 2022.

Delhi-based Enterprise Applications startup, OneDirect, was acquired by Gupshup. OneDirect is a provider of cloud-based customer support and experience management software for enterprises. It enables them to track and process data from social media mentions, aggregate multi-channel feedback, define workflows, complete actionables, reach out to potential customers, and perform online reputation benchmarking. OneDirect was founded in 2013. 

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.

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 1K Kirana Bazaar, Blu Smart, Wint Wealth, and more. In exits, we will cover the acquisition of CareerSocially by Aurum House among others.

Starting with our deep dive into funding rounds, tech companies in India raised around $92 million of funding across 20 funding rounds during this week.

E-commerce startup, 1K Kirana Bazaar, raised $25 million in a Series B funding round led by Alpha Wave Global with participation from Kae Capital, Infimomentum Venture, Info Edge Ventures, and others. 1K Kirana Bazaar is a provider of retail store aggregation solutions for grocery stores. 1K Kirana Bazaar offers a distribution system and in-house technology-enabled platform with features like branding, store infrastructure upgrades, merchandising, pricing communication, billing, real-time inventory management, promotions, and a business dashboard. Founded in 2018, Gurgaon-based 1K Kirana Bazaar has raised around $34 million till date.

In another funding round event, Blu Smart, an Auto Tech startup, raised $15 million in a Series A funding round led by BP Ventures and Green Frontier Capital with participation from Stride Ventures, Alteria Capital and Black Soil. Blu Smart is an app-based provider of electric vehicle ride-hailing services. Blu Smart enables users to book their rides by providing details like location and passenger details, with services like local rides, airport transfers, hourly rentals, and more. Blu Smart also offers EV-charging host services. Founded in 2018, Ahmedabad-based Blu Smart has raised close to $57 million till date.

Wint Wealth, a Bangalore-based FinTech startup, raised over $14 million in a Series A funding round led by Eight Roads Ventures with participation from Billionbrains Garage Ventures, Blume Ventures, Nxg Innovation, and others. Wint Wealth is an online investment platform focused on fixed-income funds. Wint Wealth allows users to buy, sell, and invest in fixed deposits, bonds, MFs and gold assets. Wint Wealth is regulated by RBI and assists users in investing in gold-backed debts. Founded in 2020, Wint Wealth has raised around $26 million till date.

This was all from the funding updates, moving on to the exits. India Tech observed 7 exits during the week of 29 May 2022.

Noida-based Real Estate and Construction Tech startup, CareerSocially, was acquired by Aurum House. CareerSocially is a provider of AI-driven lead generation software for real estate professionals. CareerSocially enables members to generate leads using AI, automatically assign them to the befitting person, as well as save leads into the CRM, nurture leads, and connect with them to improve conversions. CareerSocially also offers solutions to manage and track tasks. Founded in 2016 by BITS Pilani alumni, CareerSocially has raised $1 million till date.

Online Grocery startup, True Elements, was acquired by Marico. True Elements is a provider of healthy snacks and supplements. True Elements offers ready-to-eat items like seed and nut mixes, protein-rich, plant-based eatables, and snacks for weight loss, PCOS and diabetes patients. True Elements also provides natural supplements in the form of teas, honey, super grains and alternative medicine. Founded in 2015, Pune-based True Elements has raised over $3 million till date from SIDBI Venture Capital, Vinners, Amit Bhuchar, and others.

In a major development this week, Transportation and Logistics Tech startup, Delhivery, went public. Delhivery is a provider of end-to-end fulfillment services for e-commerce companies. Delhivery offers last-mile deliveries, third-party and transit warehousing, reverse logistics, payment collection, vendor-to-warehouse and vendor-to-customer shipping, cross-border services, supply chain and tracking services for shipments. Founded in 2011 by IIT Bombay alumni and IIT Kanpur alumni, Gurgaon-based Delhivery has raised $1.7 billion across several funding rounds. Major investors who backed the company in its early stages include enterprises like Tiger Global Management, SoftBank Vision Fund, Fidelity Investments, and others. 

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.