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Archives for StartUp

Health education platform Virohan raised Rs.20 crores across Seed and Series A rounds

Gurugram-based health education startup Virohan raised Rs. 48 crores across Seed and Series A funding rounds.

Virohan’s vision is to educate more than a million students by 2025 through its learning platform.

The startup was incorporated in 2018 by the founders, Kunaal Dudeja (Co-founder and CEO), Nalin Saluja (Co-founder and CTO), and Archit Jayaswal (Co-founder and CFO).

Virohan bridges the gap between industry demand and the skills of the workforce by using its ‘technology skill stack’ through which it predicts job demand for each job role across India, builds out the curriculum needed, and delivers training through blended and online learning.

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Rs. 5 Crores raised by Daalchini (Foodtech startup)

  • Daalchini, received Rs 5 crore in a pre-Series A round from by Venture Fund (AVF). 
  • Daalchini founded by former Paytm employees Prerna Kalra and Vidya Bhushan in 2017
  • Daalchini is aggregates healthy, affordable, home-cooked meals through a network of smart vending machines deployed across Delhi, Chandigarh, Mumbai and Pune.


 

 

 

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

Ather Energy: Electric scooter manufacturer Ather Energy has raised Rs.83 Crores as a part of its Series C funding round from the existing backer, Hero MotorCorp.

InCred: Fintech platform that provides consumer and MSME loans, InCred has raised Rs.493 Crores in a debt funding round from various public sector banks and public financial institutions.

Jodo: Fintech startup Jodo has raised Rs. 28 Crores in its seed funding round from Matrix Venture Partners, SAIF Partners and a clutch of angel investors.

Bijnis: Business-to-business marketplace for unorganised retail segment, Bijnis has raised Rs. 74 Crores in its Series A round from Sequoia, Matrix Partners and its existing investors WaterBridge Ventures and Info Edge.

VeGrow: Bengaluru-based agritech startup, VeGrow has raised Rs. 18 Crores million in a seed funding round led by Matrix Partners and Ankur Capital. Better Capital, Titan Capital, Sanjiv Rangrass, Ramakant Sharma, and Amit Lakhotia also participated.

Sibros: Silicon Valley and Pune-based startup that is focussed on connected vehicle software, Sibros has raised Rs. 89 Crores  in a Series A funding round led by Nexus Venture Partners.

MPowered: Asset management services provider to real estate owners, MPowered has raised Rs. 156 Crores   in its pre-Series A funding round from a group of US-based high-net-worth individuals.

 

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IIT Madras startup generates Rs 22 crores funding for launching wrist band (Muse wearbales) for detecting COVID-19 symptoms

The wrist-based tracker has ability to check skin temperature, heart rate, and SpO2 (blood oxygen saturation) to help in early diagnosis of COVID-19 symptoms.

The tracker will be Bluetooth-enabled connected to the mobile phone via an app called the Muse Health App.

“Muse wearbales”, the start up incubated at IIT Madras by an alumni group along with an NIT Warangal alumnus, is launching the trackers in 70 countries.

 

 


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Rs 15 crores fund to support India-Russia collaboration joint R&D for tech development  has launched by The Department of Science and Technology

The Department of Science and Technology  (DST) has launched the India-Russia Joint Technology Assessment and Accelerated Commercialisation Programme that will connect Indian and Russian science and technology (S&T) led SMEs and start-ups.

The program has been jointly launched in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Foundation for Assistance to Small Innovative Enterprises (FASIE) of the Russian Federation.

The program will run through 2 annual cycles with up to five projects to be funded under each cycle.
During 2 years, the Department of Science and Technology will fund up to Rs 15 crores to 10 Indian SMEs/start-ups and FASIE will provide similar funding to the Russian projects.

 

 

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InCred -Non-Banking Financial Company (NBFC) raises Rs 500 Crores debt from public sector banks and lenders

InCred (Non-Banking Financial Company (NBFC) ) has raised Rs 500 crore in a debt funding round from public sector banks and public financial institutions.

InCred partners with online and offline platforms to leverage business data for consumer loan lending.
InCred has four products – personal loan, educational loan, SME business loan, and two-wheeler loan.


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Fintech startup Jodo raised Rs 28.5 Crores seed capital from Matrix and SAIF Partners

Jodo has raised Rs 28.5 crore in its seed funding round from Matrix Venture Partners, SAIF Partners.

Jodo is helping middle-income families manage the academic expenses of their children.

Jodo also helps parents to pay a subscription fee of online education products.

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Start-Up Funding News :- (13 July 2020-18 July 2020)

  • Vedantu: Edtech Startup (Vedantu) has raised Rs. 749 Crores in its Series D round led by New York-based hedge fund Coatue Management 
  • Magicpin: Hyperlocal discovery platform, Magicpin has raised Rs. 52 Crores in a funding round from Samsung Venture Investment Corporation.
  • Procol: B2B agricultural commodities buying platform, Procol has raised    Rs. 28 Crores in a round led by Sequoia’s Surge. 
  • Support:- DhanTax is supporting new startup to receive Fund from venture capital partner and Angel Investor. WhatsApp at +917678456921.
  • Incnut Digital: Media and e-commerce startup, Incnut Digital has raised         Rs. 30 Crores in a Series A funding round led by RPSG Ventures.

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Startup Funding in India of The Week [July 6- 11]

  • Zolostays: Bengaluru-based co-living Startup Zolostays has raised Rs.430 crores in Series C funding round led by Investcorp, Nexus Ventures etc.
  • Specsmakers:Specsmakers (optical retail chain) has raised Rs. 23 Crores funding from Eight Roads Ventures last month.
  • Flinto: Flinto (activity-based learning for kids) received Rs. 53 crores in a pre-Series B round led by its existing backer Lightbox Ventures.
  • Support:- DhanTax is supporting new startup to receive Fund from venture capital partner and Angel Investor. WhatsApp at +917678456921.
  • Frontier Markets: Jaipur-based last mile rural distribution startup Frontier Markets has raised Rs. 17 Crores in Pre-series A.

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Startup Funding of Rs.348 crores in Indian startups of this week (29 June 2020-04 July 2020).

This week almost 15 Indian startups received funding of Rs. 348 crores. 

Paper Boat: Gurugram-based beverage and snack brand Paper Boat raised Rs. 27 crores approx from Sofina Ventures, A91 Emerging Fund I, SCI Growth Investment II and Catamaran Ventures.

Bulk MRO: Business-to-business (B2B) marketplace startup Bulk MRO, has raised INR 20 crores in a debt funding round led by Stride Ventures.

Indus OS: Affle, a mobile commerce and marketing solutions provider, has infused Rs.21 Crores  in Indus OS for 8% stake.

Ken42: Bengaluru-based edtech startup, Ken42, has raised Rs. 10 Crores million from Turbostart.

Flinto: Flinto (activity-based learning for kids) raised Rs. 53 crores million in a pre-Series B round led by its existing backer Lightbox Ventures.

BluSmart: Electric cab-hailing app BluSmart has raised around Rs. 37 Crores million in its pre-Series A round from existing and new investors.

Zetwerk: Business-to-business marketplace for custom manufacturing, Zetwerk, received  Rs.156 Crores in a Series C funding round led by its existing backers, Greenoaks Capital and Accel Partners.


Support:- DhanTax is supporting startup to receive Fund from venture capital and Angel Investment. WhatsApp at +917678456921.


 

 

 

 

 

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