20 Start-up Fundings in the Past Week

20 Start-up Fundings in the Past Week

Posted by P. Charitha on September 15th 2016

A list of 25 startups across India who raised over $99 Million in funding altogether. The funding amount is based on the startups that disclosed their funding. These developments took place between September 5th to 10th 2016.


1. StalkBuyLove:

Online Fashion brand StalkBuyLove raised an undisclosed amount of funding from William Bissell, Managing Director of ethnic retailer Fabindia. The company plans to use the money to spur growth and improve its supply chain, fulfillment network and hire fresh talent in its design team.

2. Zybo:

Kochi-based software solutions provider Zybo Tracking Solutions raised an undisclosed amount. The investment was led by foreign equity investment from Grasshoppers, a Netherlands-based company. The amount of investment is undisclosed. The funding will be used to develop and market Trackbizz, their app.

3. Social Quotient:

A startup for social causes, Social Quotient raised an undisclosed amount of funding from fashion designer Anita Dongre and her son Yash Dongre. The mother-son duo has partnered with Milind Sarwate, founder, Increate Value Advisors for the investment. Following the investment, Yash has been appointed as the director of the company, while Milind will join the advisory board.

4. Zilingo:

Online fashion marketplace Zilingo grabbed $8 Mn in Series A funding round from Venturra Capital, Sequoia India, and Susquehanna International Group.Wavemaker Partners, Beenext, Beenos, and Digital Garage were the other investors who participated in the round. The funds will be used to aggressively gain market share in Singapore and Thailand.

5. Lenskart:

New Delhi-based eyewear platformLenskart raised over $30.14 Mn from Premji Invest. The funding has been done at a valuation of $270 Mn. The deal also marked the partial exit of IDG Ventures India from the company. IDG first invested $4 Mn in the company in 2011, at a valuation of $10 Mn. The raised funds will be utilised to extend its omnichannel presence.

6. AlternaCare:

Delhi-based healthtech startup AlternaCare raised $500K Seed funding from Eros Labs. The startup will use the funding for product development, building out its team, branding, and geographic expansion into key language markets.

7. Prozo:

EdTech startup Prozo raised Pre-Series A round of $315K funding from a London-based venture capital firm Earlsfield Capital and two Delhi businessmen, Sailender Solanki and Rajiv Solanki. The investors collectively picked up a 7.34% stake in the startup.

8. eShakti:

Chennai-based online women's apparel portal eShakti raised $1.34 Mn from Infina Finance Pvt. Ltd, an investment firm jointly controlled by Kotak Mahindra Bank and its promoter Uday Kotak in his personal capacity. Financial services provider Polaris Banyan Holding Pvt. Ltd also participated in this round.

9. CheersOye!:

Mumbai-based social gifting platform CheersOye! raised angel funding of approximately $500K from undisclosed investors. The raised funds will be used to introduce other entertainment categories, hire staff and expand to other cities.
10.BigStylist: Mumbai-based beauty and wellness services marketplace BigStylist raised $900K in a fresh round of funding from Info Edge. This is a bridge round, which will help the company break even.

11.Makkajai:

Educational gaming platform, makkajairaised $250K in Seed funding from angel investors via LetsVenture. The investors who participated in the round included Ananth Narayanan, CEO, Myntra; Anand Chandrasekaran, former CPO, Snapdeal; Mekin Maheshwari, former CPO, Flipkart; Ravi Garikipati, Divyesh Shah, and Swastika Company. The funding will be utilised to enhance technology and design in order to introduce more educational games in the coming year.

12. NoBroker:

Bengaluru-based real estate portal NoBroker raised an undisclosed amount of funding from angel investor and Entrepreneurial Product Leader, Anand Chandrasekaran. The funding aims at strengthening NoBroker's investor portfolio which includes SAIF Partners, BEENEXT- Singapore-based venture capital firm run by Teruhide Sato, Digital Garage (an early investor in Twitter), BEENOS, Qualgro and Mamoru Taniya of Asuka holdings.

13. Burger Singh:

Fusion burger chain Burger Singh secured a funding of $800K from investors such as Beer Cafe founder Rahul Singh, Dheeraj Jain (Redcliffe Capital) and television actor Rannvijay Singh. Ashvin Chadda, Capt. Salim Sheikh (ex-Sayaji Hotels) and Avtar Monga (COO of IDFC Bank) were others who participated in the round. The funds will be used to expand its retail presence to 26 stores by September next year.

14. BYJU'S:

Bengaluru-based edtech startup raised $50 Mn funding led by the Chan Zuckerberg Initiative (CZI), founded by Mark Zuckerberg and Dr. Priscilla Chan, along with Sequoia Capital. Sofina, Lightspeed Ventures, and Times Internet Ltd are the other investors who participated in the round. The newly-raised funds will be deployed to fuel international expansion and inspire additional funding investments from leading companies around the world.

15. BuildTraders:

Bengaluru-based BuildTraders, an ecommerce-based building materials trading company raised $200K in Seed funding from UAE-based Idein Ventures. The funding will be used to enhance its technology, infrastructure and strengthen its supplier base.

16. TopRankers:

Bengaluru-based online test preparation startup TopRankers raised $670K in angel funding from CareerNet Consulting Pvt. Ltd and Ideation Initiative Pvt. Ltd. The funds will be used to expand technology and marketing verticals and in research and development.

17. Freshboxx:

Karnataka-based fresh fruits and vegetables etailer Freshboxx has secured an undisclosed amount of angel funding from entrepreneur and angel investor, Ravi Linganuri. The raised funds will be deployed towards hiring a core team, upgrading its technology, improving its infrastructure and expanding further in the state of Karnataka.

18. Simplilearn:

Mumbai-based venture debt fund InnoVen Capital extended a loan to Simplilearn Solutions, a Bengaluru-based online professional certification platform.

19. Capillary Technologies:

Mumbai-based venture debt fund InnoVen Capital extended a loan to Capillary Technologies, a cloud-based software solutions provider.

20. ShopClues:

Gurugram-based online marketplace ShopClues will invest $150K collectively across four startups - Pepper Agro, Glam Studios, Ornitva and Scrapify. ShopClues will also provide assistance in operations, technology and strategic partnerships to these startups.

Source: https://inc42.com/buzz/funding-galore-110/

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