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 Dunzo, udaan, Zupee and more. In exits, we will cover the acquisition of Vidooly by Good Glamm.
Starting with our deep dive into funding rounds, tech companies in India raised around $712 million funding across 26 funding rounds during this week.
In a major funding round event, Bangalore-based transportation and logistics tech startup, Dunzo, raised $240 million in a Series E funding round led by Reliance Retail with participation from Lightrock, Lightbox, Alteria Capital, and others. Dunzo is a provider of multi-category home delivery services. Dunzo allows customers to book errand services, deliveries for groceries, pet supplies, food and gifts, as well as pickup and drop services through their web and app-based platforms. Dunzo uses its fleet of errand runners, and coordinates with local merchants or vendors to complete the requested tasks. Dunzo enables users to pay for the service either directly to the service provider or through the in-app feature. Dunzo offers a mobile app for iOS & Android devices. Founded in 2014 by IIT Roorkee alumni, Dunzo has raised $400 million till date.
E-commerce startup, udaan, raised $200 million in a Series E funding round. udaan achieved unicorn status when it raised $225 million in September 2018. udaan is an online B2B marketplace for multi-category products. udaan offers a network-centric B2B trading platform for small and medium-sized businesses, and includes products like electronics, clothing, fashion accessories, home furnishing products, medicines, and more. udaan offers a mobile application for Android and iOS devices. Founded in 2016, Bangalore-based udaan has raised $1 billion till date.
Zupee, a Gurgaon-based gaming startup, raised $72 million in a Series B funding round led by Napean Capital Group with participation from AJ Capital, Orios Venture Partners, WestCap, and others. Zupee is an online skill-based gaming platform. Zupee allows users to earn money through skill-based games such as Zupee Gold, Ludo Supreme, Gold Ludo Ninja, and more. Founded in 2018, Zupee has raised $121 million till date.
Bangalore-based Avataar, an Augmented Reality startup, raised $45 million in a Series B funding round led by Tiger Global Management with participation from Sequoia Capital. Avataar is a provider of a 3D-based AR/VR platform for personalised product visualisation. Avataar offers an AI platform that enables scalable product discovery and gives brands and stores the opportunity to change the way consumers discover and engage with their products online. Avataar caters to e-commerce, consumer electronics, auto OEMs, and FMCG applications. Founded in 2014 by Wharton School alumni and University of Pennsylvania alumni, Avataar has raised $55 million till date.
In another funding round, enterprise applications startup, Exotel, raised $40 million in a Series D funding round led by Steadview Capital. Exotel is a cloud-based telephony platform for businesses. Exotel offers services and products like IVR to connect callers with various departments. Exotel enables call recording for customer support training, real-time delivery status information and reduces the response time to inbound calls. Exotel allows clients to tap into the service API to integrate the platform with their own CRMs, databases and other applications to streamline communication. Founded in 2011 by BITS Pilani alumni, Bangalore-based Exotel has raised $97 million till date.
Delhi-based Rupifi, a fintech startup, raised $25 million in a Series A funding round led by Bessemer Venture Partners and Tiger Global Management with participation from Ankur Capital and Quona Capital. Rupifi is an online lending platform for business loans. Rupifi offers loans such as SME loans and working capital. Rupifi provides loans on the basis of credit scores and enables their repayment through the use of credit or debit cards and bank transfers. Rupifi provides loans to sectors such as FMCG, fashion and pharmaceutical industries. Founded in 2019 by IIT Kharagpur alumni, Rupifi has raised $30 million till date.
In another funding round event, Bombay Shaving Company, a Delhi-based e-commerce startup, raised $21 million in a Series C funding round led by Malabar Investments with participation from Patni Financial Advisors. Bombay Shaving Company is a private label brand offering grooming products for men. Bombay Shaving Company offers trimmers, shaving and bathing kits, beard care, hair care and skincare products. Bombay Shaving Company also provides personal hygiene products for women. Founded in 2015 by IIT Bombay alumni, Bombay Shaving Company has raised $43 million till date.
This was all from the funding updates, moving on to the exits. India Tech observed 2 exits during the week of 09 Jan 2022.
Marketing tech startup Vidooly was acquired by Good Glamm. Vidooly is a provider of marketing and analytics software for YouTube videos. Vidooly enables small, medium and large brands to market and optimise their YouTube videos. Vidooly offers products like VidooMail, which is an email marketing tool that allows content creators to email their YouTube video to subscribers, with features like analytics for campaign performance tracking. Vidooly uses a big data engine to analyse millions of video views each month. Vidooly also offers a chrome extension of its dashboard VidLog, in order to provide real-time optimisation reports, as well as an AI-enabled brand safety tool that examines content before positioning an advertisement. Founded in 2014, Noida-based Vidooly has raised $4 million till date from Zone Startups India, TLabs, Alibaba, 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 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.
