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2020 Startup Funding List India Compilation: Full List of Investments
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Here's the ultimate funding list for all the Indian startups that gained investment in the year 2020. Read through the startup funding rounds that took place this year, along with the details of companies who successfully obtained funding for their business.

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Startup funding helps growing businesses in gaining traction of their products and services while expanding their market and reach further via the startup funding accumulated from investors and Venture Capital firms. In this article, we’ll be listing down all the startup fundings initiated in the year 2020 to date.

While some of the businesses listed below have established their place in the market and are on a lookout to expand their venture, others are some of the new startups who have just entered the startup race and aim at providing the best solutions to the market gaps. Check out the Startup funding India compilation of 2020.

 

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2020 Startup Funding India Compilation: Full List of Investments

April 2020

30. NoBroker

Amount Raised– 30 million dollars

Investors– General Atlantic

Industry– Real Estate Rental

NoBroker is an online real estate rental place. In the year 2014, Akhil Gupta, Amit Kumar Agrawal, and Saurabh Garg founded NoBroker. This Bengaluru-based startup recently brought 30 million dollars in its Series D funding round. General Atlantic, which is a Singapore based private value firm was driving this subsidizing round. With the most recent venture, the firm presently has a 30.89% stake in the startup. The company currently operates in six major cities of India including Mumbai. Bengaluru, Pune, Delhi-NCR, Chennai, Hyderabad. 

 

29. Yellow Messenger

Amount Raised– 20 million dollars

Investors– Lightspeed Venture Partners and Light Speed India Partners

Industry– AI Chatbot

Rashid Khan, Raghu Ravinutala, and Jaya Kishore Reddy are the co-founders of Yellow Messenger. The AI chatbot startup raised 20 million dollars as part of its Series B funding round as per its statement last Thursday. The startup is utilizing the freshest investments to heighten its product innovation road map. They will empower it by extending its multi-lingual voice bot capacities, growing endeavor incorporation, and propelling a commercial engineer center for virtual assistance. The company is also planning to fast track its R&D operations to fulfill the global demand for automation. 

 

28. Blive

Amount Raised– Undisclosed

Investors– Mumbai Angel Networks

Industry– Electric Vehicle Tourism

Blive, an electric vehicle, the travel industry startup, freshly raised an undisclosed sum from Mumbai Angel Network. The startup received the fundings as part of its Pre-Series A funding round. The company said that it would use this latest finances to develop tech infrastructure and market expansion. The company is also hoping to enhance the experience of its consumers through the fundings. Blive founders are Samarth Kholkar and Sandeep Mukherjee, who founded the company in 2018. The startup provides experimental, guided tours via smart electric bikes. The company is closely working with the government and hospitality industry to promote zero-carbon tourism in India through the adoption of electric vehicles across all the tourist destinations in the country. 

 

27. Kargo Technologies (Kargo)

Amount Raised– 31 million dollars

Investors– Tenaya Capital, Sequoia Capital, Intudo Ventures, Coco-Cola Amatil, Agaeti Convergence Ventures, Alter Global, and Mirae Asset Venture Investment

Industry– Logistics

Kargo Technologies is an Indonesia based freight logistics marketplace. The company recently announced that it received 31 million dollars from Silicon valley-based company, Tenaya Capital. Kargo raised the amount as part of its Series A round of funding. Sequoia Capital, Intudo Ventures, Coco-Cola Amatil, Agaeti Convergence Ventures, Alter Global, and Mirae Asset Venture Investment also participated in this round of finances. The company aims to help companies in Indonesia in the fight against coronavirus pandemic with the latest fundraise. Kargo has also started a logistics relief fund to aid transporters for various essential goods and medical items supplies in Indonesia.

 

26. Esperer Onco Nutrition (EON)

Amount Raised– Undisclosed

Investors– Zenfold Ventures

Industry– Healthtech

Last Wednesday, Esperer Onco Nutrition announced that it received fresh funds from Zenfold Ventures, which is a strategic investment and venture builder firm. Esperer Onco Nutrition provides a comprehensive nutritional portfolio for oncology and aims to give a 360-degree solution for the global cancer portfolio. The company stated that it is working on its expansion to US and Europen markets with the latest fundings. Further, it is also planning to add key people in its finance, marketing, and supply-chain department. 

 

25. BigBasket

Amount Raised– 50 million dollars (debt funding)

Investors– Alibaba Group

Industry– e-Grocery

This Bengaluru based e-grocery unicorn secured a debt funding of 50 million dollars from Alibaba Group as of April 13. The startup raised the latest debt fundings to keep up with the surge in demand amid the COVID-19 outbreak. On-going lockdown in India is leading disruption in the logistics and delivery of essential goods. The disorder is primarily due to a shortage of personnel and delivery vehicles. Alibaba Group is one of the existing investors and shareholders of BigBasket. With the latest fundings, the company is trying to collaborate with several other players in the market to fulfill the demands. It will enable the startup to serve its customers in a few of the major cities across India, like Bengaluru, Chandigarh, Noida, and Hyderabad.  

 

24. Setu

Amount Raised– 15 million dollars

Investors– Falcon Edge, Bharat Inclusion Seed Fund, Lightspeed India Partners, and Lightspeed Venture Partners US

Industry– Fintech

Setu, a Bengaluru-based fintech startup, newly brought 15 million dollars up in its Series A series of fundings Falcon Edge and Lightspeed Venture Partners drove this most recent financing round. 

Existing accomplices like Lightspeed India Partners and Bharat Inclusion Seed Fund were additionally part of this financing round. As per the declaration of Nkkil Kumar, the co-founder of Setu on Medium, the startup will employ the amount to boost its startup team simultaneously with launching a new product portfolio. Further, the company is also planning on improving its technology infrastructure. 

 

23. FarEye

Amount Raised– 25 million dollars

Investors– M12 (venture fund of Microsoft), Eight Roads Venture, Honeywell Ventures, and SAIF Partners

Industry– Logistics

The Saas-based logistics startup FarEye raised 25 million dollars as per its announcement last Wednesday. As part of its Series D finance round, the startup received the latest round of fundings. Microsoft’s venture fund, M12, led the latest investment round. Eight Roads Venture and Honeywell Ventures also took participation along with its existing investor SAIF Partners in this round. FarEye said that it is planning on utilizing the amount to increase its investment in its predictive capabilities. Further, the startup is aiming to increase its growth in the US, APAC, and Europe. 

 

22. Aavenir

Amount Raised– 2 million dollars

Investors– Accel

Industry– Source-to-pay Solution

Last Tuesday, Aavenir, a San Fransisco and Ahmedabad based company, stated that the company has secured 2 million dollars. The startup received the lastest amount as a part of its seed funding round from global venture capital firm Accel. The Saas-based source-to-pay solutions provider is planning to use the finances to accelerate the development of its products in its source-to-pay domain. Further, it is also aiming to expand its global reach via increasing its sales and marketing engagements. The vision of Aavenir is to deliver the work future via automation of the source-to-pay process on ServiceNow. 

 

21. Lightspeed Venture Partners

Amount Raised– 4 billion dollars

Investors– Lightspeed Venture Partners XIII, L.P., Lightspeed Venture Partners Select IV, L.P., and Lightspeed Opportunity Fund, L.P.

Industry– Venture Capital

Venture Capital firm, Light Speed Venture, has secured more than 4 billion dollars. They aim to support early and growth-stage startups globally with the lastest funds during the COVID-19 pandemic. California based VC firm closed Lightspeed Venture Partners XIII, L.P. with 890 million dollars. It secured 1.83 billion dollars and 1.5 billion dollars from Lightspeed Venture Partners Select IV, L.P., and Lightspeed Opportunity Fund, L.P., respectively. Currently, LightSpeed Venture, along with its associates, maintain 10.5 billion dollars across Silicon Valley, India, Israel, Southeast Asia, China, and Europe. Lightspeed Venture Partners has invested in more than 400 countries in the last 20 years. It includes OYO, GrubHub, Nest, AppDynamics, to name a few.

 

20. BankBazaar

Amount Raised– INR 29 Crore Rupees

Investors– Amazon, Sequoia, and Walden SKT Venture Fund

Industry– Financial Service

 BankBazaar is an online financial services market place. This Chennai based startup recently raised INR 29 crore in its Series D funding round. The company received the latest finances from its existing investors; Amazon, Sequoia, and Walden SKT Venture Fund. 

Adhil Shetty, Arjun Shetty, and Rati Shetty founded BankBazaar in 2008. This startup gives instant and customized offers to its customers on loans and credit cards. Customers could also view their credit score for free on its online platform. BankBazaar has made a partnership with more than 50 financial institutions across India.

 

19. Capital Float

Amount Raised- 4.8 million dollar

Industry- Fintech

Investors- Amazon Inc and Dinesh J. Hinduja

Capital Float is a fintech startup with NBFC registration with the RBI. The company recently received 4.8 million dollars in a recent top-up investment from Amazon Inc and Dinesh J Hinduja, its existing investors.  

Capfloat Financial Services (Capital Float – trade name) Private Limited is formerly known as Zen Lefin Private Limited. It is a non-banking finance company that has offices across major cities in India, including Bengaluru (HQ), Mumbai, Delhi-NCR, and others. The company has made a partnership with Japanese financial institution Credit Saison as per the announcement made in January 2020. The collaboration aims to deliver working capital financing to Micro, Small, and Medium Enterprises in the country. 

 

18. MakeMyTrip

Amount Raised- INR 73.5 Crore

Industry- Travel

Investors- Mauritius-based Entity (MakeMyTrip Limited, Mauritius)

MakeMyTrip, a Gurugram-based online travel company, got an infusion of INR 73.5 crore from its entity based in Mauritius. The received the amount in two portions as per the Ministry of Corporate Affairs filings in March 2020. 

The recent development mostly came due to severe effects in the travel and hospitality sector amid the COVID-19 pandemic. 

 

17. Capital Float

Amount Raised- 15 million dollar

Industry- Fintech

Investors- Ribbit Capital, Amazon, SAIF Partners, and Sequoia Capital India

The online lender startup recently raised 15 million dollars in its round of funding from its existing investors. Capital Float received the financings from Ribbit Capital, Amazon, SAIF Partners, and Sequoia Capital India. The company is planning to utilize its recent fundings to the capital base and expansion of its lending operations to SMEs and Consumers. After the latest finances, the fintech startup now holds a total of 125 million dollars equity. However, the company has raised a debt capital of 300 million dollars as well. 

Note: This 15 million dollar includes the above mentioned 4.8 million dollars in a recent top-up investment from Amazon Inc and Dinesh J Hinduja.

 

16. Porter

Amount Raised- INR 140 crore

Industry- Logistics

Investors- Lightstone Global Fund

The on-demand logistics startup has raised its fundings during the COVID-19 pandemic. There is a surge in demands for logistics services amid the lockdown. Porter raised INR 140 crore from the Lightstone Global Fund, a period when the market needs more support to fulfill the need for logistics. 

Pranav Goel, Uttam Digga, and Vikas Choudhary founded Porter in the year 2014. This Mumbai-based startup is an aggregator of light trucks that businesses can book on-demand for any of their intra-city logistics needs. 

 

15. Locale.ai 

Amount Raised- Undisclosed

Industry- Analytics

Investors- Better Capital, Myntra, Raveen Sastry, and Pallav Nadhani

Locale.ai, a Bengaluru-based analytics startup, received an undisclosed round of funding on Monday as per the announcement released by the company. Better Capital led the series of finances along with other participants like Myntra and Raveen Sastry (Co-founder of Nudgespot) and Pallav Nadhani (Co-founder of Fusion Charts) during the pre-seed round.

Rishabh Jain and Aditi Sinha started the company in 2019. The founders aim to help the business to move their assets. It includes goods, delivery, sales, vehicles, and the likes. Further, it also assists in increasing revenues and getting sustainable demand. The company helps to achieve the goal of its customers via real-time location data and analytics.  

 

14. Wellthy Therapeutics

Amount Raised- 4 million dollars

Industry- Therapeutics

Investors- Saama Capital

A digital therapeutics startup, Wellthy Therapeutics raised 4 million dollars in its pre-Series A round of fundings. The company received the fiances from Saama Capital for a 16 percent stake in the company.  

The startup works with leading medical-related companies. It includes insurance, pharmaceuticals, medical device companies, along with large hospital systems. The company aims to deliver clinically-validated therapies to improve the life of patients who are suffering from chronic conditions and illnesses. Wellthy Therapeutics is planning to utilize the latest fundings to increase its product suit along with geographic expansions. Further, the start-up is accelerating the launch of its portfolio of the latest respiratory digital therapeutics. The move is quite relevant, given the current COVID-19 pandemic.

  

13. Power Gummies

Amount Raised- Undisclosed

Industry- Health Supplement

Investors- Venture Catalysts

Power Gummies, a Delhi-based startup, has recently received undisclosed finances from Venture Catalysts in its pre-Series A funding round. 

Divij Bajaj founded this health supplement startup, Power Gummies, in the year2018 with Aesthetic Nutrition Private Limited, as a parent company. The startup uses vegan-based ingredients to make gummies. According to the claims by the company, its products are 100% vegetarian, and they are available around the globe through its online portal. Also, its products are available in all major e-commerce platforms, including Amazon, Flipkart, Nykaa, Netmeds, HealthKart, and likes. 

 

12. Aavenir

Amount Raised- 2 million dollars

Industry- Solution Provider

Investors- Accel

A SaaS-based startup, Aavenir is a source-to-pay solution provider. Last Thursday, the company announced that it had received 2 million dollars equity from global venture capital firm Accel. 

The company is planning to utilize the latest fundings to enable global reach while accelerating product portfolio development as well. The San-Fransisco and Ahmedabad startup aims to develop a source-to-pay domain and to strengthen its sales and marketing operations. 

 

11. Vedantu

Amount Raised– $12.56 million (or Rs 96.06 crore) in a Series C funding type

Industry –Education

Investors– Legend Capital

Vedantu was founded in the year 2011 by Anand Prakash, Pulkit Jain, Saurabh Saxena, Vamsi Krishna, was able to raise 96.06 crores in a funding round on February 13, 2020.
Apart from the leading investors, some other investors, including Accel, Omidyar India, and TAL Education. Prince Maximilian of Liechtenstein, CEO of LGT Group, and the founders of the startup had also participated in the round.
Vedantu is an e-learning tutoring company providing real-time personalized learning. It allows students and teachers to interact on one single platform with the help of technological aids like AI, ML, and big data. It has its headquarters in Karnataka, India. Vedantu sees almost more than 25 million users from more than 1000 cities. Amidst the recent lockdown situation, Vedantu has joined hands with school sin Delhi, Hyderabad, and Bangalore to provide education to students.

Check out the platform here.

 

10. Jupiter

Amount Raised– $2 million

Investors– Bedrock Capitals, Hummingbird Ventures,

Industry– Banking

Jupiter was founded by Jitendra Gupta, the former PayU India managing director, in 2019. It was able to raise 2 million in its latest round of fundings on April 8, 2020. Earlier it was able to raise $24 million. Jupiter has plans to launch its flagship product in July this year.
Jupiter is India’s only banking experience that is dedicated to millennials. It is a digital retail bank providing legal, accounting, auditing, and other services to customers.

Check out the platform here.

9. Zupee

Amount raised– $8 million in a Series A funding round

Industry– Gaming

Investors– Matrix Partners India, Falcon Edge Capital, WestCap Group, Orios Venture Partners, Smile Group.

Zupee is a real gaming startup that lets participants win real money. They also get to choose any topic they want and compete with other players. There is a vast variety of topics offered, ranging from Bollywood to Hollywood, maths, and sports, capitals, and more.

Zupee was founded by Founders Dilsher Singh Malhi, Siddhant Saurabh, IIT Kanpur graduates, in 2018. It witnessed aound5 million downloads as of April 1, 2020, with its user base growing rapidly.
Dilsher Singh Malhi, co-founder, and CEO of Zupee, said, “We at Zupee are geared to serve 100 million users and be a leader in skill-based gaming in India. We will be using the capital raised from this round to invest deeper in technology, team, and marketing.”

Check out the platform here.

 

8. Fingerlix

Amount raised– Rs. 14 crore

Industry– food

Investors– Accel, Zephyr Peacock, Swiggy, and RB Investments.

Fingerlix was founded by Shere Bharambe in May 2016. Since the start, the main aim of Fingerlix is to spread joy through food and to ease up the process of cooking. It provides healthier food choices and ready to cook, available to eat food options. So apart from giving ready to cook options, it also allows customers to make their own choices.

Check out the platform here.

 

7. Plop

Industry– entertainment

Amount raised– undisclosed in an angel round

Investors– Better Capital, EaSyndicate on LetsVenture, and angels, including Rohit Chanana (ex-President HeroCorp), Jayant Kadambi (serial entrepreneur and Silicon Valley investor) and Sunil Kumar Singhvi (MD South Handlooms).

Founded in 2019 by Vineet Shetty and Anushka Shetty has become a global product securing maximum users from north America. In the wake of the corona pandemic, Plop claims to have increased its user base, particularly in the US and UK.
“We believe we are re-introducing storytelling to the youth. We aim to be the first global platform for immersive storytelling on which writers and even traditional publishing houses around the world could create and monetize their interactive fiction,” said Co-founder of Plop, Anushka Shetty.

Check out the platform here.

 

6. Zomato

Raised $5 Million recently.

Industry: Food Tech

Investors: Horizon Investment Trust

The Gurugram-based food delivery startup Zomato has raised around $5 million (INR 38.20 Cr) from the British investment manager Baillie Gifford’s Pacific Horizon Investment Trust. Zomato issued 1,177 Series J preference shares for $4,245.56 per share to the Pacific Horizon Investment Trust. Previously, the startup had raised $150 million in funding at almost the same valuation from Ant Financial, which is an affiliate of Alibaba. 

 

Zomato recently acquired Uber Eats India for $206 million.

Earlier this year, the Gurugram-based food delivery app acquired the Uber Eats India for $206 million in an all-stock deal. As part of this transaction, US-based ride-hailing company Uber received a 9.9% stake. Zomato has also expanded its services to a restaurant discovery platform and also launched grocery delivery to meet the high demand for essential food items.

 

Zomato reaches close to its rival Swiggy in terms of value. 

Zomato’s rival Swiggy was valued at $3.6 billion after Series I funding round in February this year. And Zomato is now valued at $3.25 billion after receiving $5 million from the British investment manager Baillie Gifford’s Pacific Horizon Investment Trust. Currently, food delivery orders for both the companies Zomato and Swiggy have reduced by 70% because of the coronavirus outbreak and subsequent nationwide lockdown. Due to the lockdown, several restaurants have been shut down in the country, and people are hesitant to order food, fearing the spread of COVID-19

Check out the platform here.

 

5. Kitchens Centre 

They raised 500,000 USD recently.

Industry: Cloud Kitchen

Investors: Utsav Somani, Jake Zeller, Jonathon Swanson, Ankush Gera, and Revant Bhate 

Kitchens Centre raised 500,000 USD from an investment round, which was led by AngelList India. It received its funding from Utsav Somani, Jake Zeller, Jonathon Swanson, Ankush Gera, and Revant Bhate. 

The company aims to use these fundings to replicate its hygienic infrastructure across various cities in India.

Check out the platform here.

 

4. Obviously AI

They have recently raised an undisclosed amount.

Industry: Data Science

Investor: Arka Venture Lab

This San Francisco based data science startup Obviously AI raised an undisclosed amount from Arka Venture Labs. Along with participation in Pre-Series A rounds, Arka Ventura Lab is known to invest various funds in startups.

The company is aiming to use the latest fundings to amp up its sale with this latest fundings.

Check out the platform here.

 

3. Camp K12 

They have raised 4 million dollars recently.

Industry: educationTechnology

Investor: Matrix Partners India, SAIF Partners

This Gurugram based education technology startup raised 4 million dollars from Matrix Partners India, SAIF Partners. They have trained more than 50k students and has made a partnership with more than 100 schools in various parts of India.

The company aims to provide access to teachers for interactive, gamified, and live-learning courses of STEAM subjects with the latest fundings.

Check out the platform here.

 

2. Recko 

They have raised 6 million dollars recently.

Industry: Enterprise Fintech

Investor: Vertex Ventures, Prime Ventures Partners

This fintech startup raised 6 million dollars during its Series A funding. Vertex Ventures Southeast Asia and India led this round of funding. Prime Venture Partners, their existing investor, was also part of this round funding. 

The company is looking forward to hiring, product development, and expanding its presence outside India with the latest funds. 

Check out the platform here.

 

1. Mera Cashier

They have raised 150k dollars recently. 

Industry: Fintech 

Investors: Sukhbir Singh, India Accelerator, Boudhik Ventures, Shankar Nath, and Shuarya Garg

This fintech startup raised 150K dollars in its recent round of funding. Bollywood singer Sukhbir Singh was one of the primary sources of investment. Other investors included India Accelerator and Boudhik Ventures. Shankar Nath and Shuarya Garg also gave their part in the fundings. 

The company hopes to utilize its new fundings to become the number one destination for the small and micro business persons of India.

Check out the platform here.

 

March 2020

34. Univariety

They have secured 1.1 million dollars recently. 

Industry: Edtech

Investor: Info Edge

This edtech platform, based on Hydrabad, has raised 1.1 million dollars. They have built their funds from India’s premier online giant Info Edge. 

The company says that it will utilize its funds to improve its tech stack along with increasing its customer base.

 

33. Nimesa Technology

They have raised 1 million dollars recently. 

Industry: Cloud data management

Investor: Ideaspring Capital

This startup that develops a cloud-native data protection software to improve recovery time has raised 1 million dollars. They have built their funds through Ideaspring Capital.

The company says that it will utilize its funding to expand its team and increase sales with enterprise customers.

 

32. Vivriti Capital

They have raised 50 million dollars recently.

Industry: Digital enterprise lender

Investor: LGT Lightstone Aspada

This digital lending startup has raised 50 million dollars in its Series B funding round. They have received their funding from LGT Lightstone Aspada.

The company said that it would utilize its funding to scale up the startup’s balance sheet and raise more dept. They are also planning to use its fund to expand their technology and functions of data science.

 

31. CoreStack

They have recently raised 8.5 million dollars.

Industry: Enterprise cloud governance technology

Investors: Naya Ventures and strategic investors

This Seattle and Chennai based startup raised 8.5 million dollars in its Series A funding round. Naya Ventures led this funding round along with the participation of strategic investors.

The company said that it would utilize its funding to add 20 additional cloud specialists to its Chennai facility by 2020 end.

 

30. OYO Hotels & Homes

They have raised 807 million dollars recently. 

Industry: Hospitality

Investors: SoftBank and RA Hospitality Holdings

This hospitality unicorn has raised 807 million dollars fundings recently. They have received this tranche from SoftBank and RA Hospitality Holdings. 

The company says that it will utilize its funding to Oyo’s growth in the US and make its position more influential in Europe’s vacation rentals business.

 

29. Agnikul

They have raised 23.4 crore rupees recently.

Industry: Space-tech

Investors: pi ventures, Hari Kumar, Artha Venture, LetsVenture, Globevestor, CIIE.CO, and Speciale Invest

This Chennai based space tech startup has raised 23.4 crores in their pre-series A funding round. Pi Ventures led this round along with Hari Kumar, Artha Venture, LetsVenture, Globevestor, CIIE.CO and Speciale Invest.

The company says that it will utilize its fundings to fuel its aim of making space more accessible and affordable.

 

28. Gojek

They have raised 1.2 billion dollars recently.

Industry: Ride-hailing

Investors: Not disclosed

This ride-hailing start-up from Indonesia raised 1.2 billion dollars in its most recent round of funding. They have not disclosed the name of investors that participated in their funding round.

The company says that it will utilize its fundings to deepen its position in homeland Indonesia while increasing its place in the market across Singapore, Thailand, and Vietnam. They are also entering the Philippines marking through this round of funding.

 

27. Fintso

They have raised 2.6 million dollars recently. 

Industry: Wealth Management 

Investors: Rajeev Juneja, Pratul Shroff, Dilip Khandelwal, Piyush Gupta

This wealth management platform raised 2.6 million dollars from a set of individual angel investors. It received its funding by Rajeev Juneja, Pratul Shroff, Dilip Khandelwal, Piyush Gupta, and few other partners from VC funds, India.

The company says that it will utilize its funds to build a platform to help independent financial advisors to promote client relationships, seamless operation, and to increase productivity.

 

26. SmartCoin

They raised 7 million dollars recently.

Industry: Consumer Lending

Investors: Unicorn India Ventures, Accion Venture Lab

This app-based consumer lending startup from Bengaluru has raised over 7 million dollars. It receives its funding in Series A round led by LGT Lightstone Aspada along with its existing investors Unicorn India Ventures and Accion Venture Lab.

The company says that it will utilize its funding to grow its loan book. It also aims to expand its data science team, advancing its underwriting platform and growing its user base to 10 million. 

 

25. ZunRoof

They raised 3 million dollars recently.

Industry: Smart Energy Solutions

Investors: Godrej Investment Office

This Gurugram based smart energy solutions startup raised 3 million dollars in its Series A round. It receives its fundings from the Godrej Investment office.

The company says that it will utilize its funds to fuel its goal to set up solar on the roofs of 1 million houses in the upcoming five years, along with hiring and retaining the best talent.

 

24. AutoMony

They have raised 20 crore rupees recently. 

Industry: Vehicle Financing

Investors: Asha Impact, Sundaram Finance, and other HNIs

This Mumbai-based non-banking financial company raised 20 crore rupees in its Series A round. It received its funding from Asha Impact, Sundaram Finance, and other HNIs.

The company says that it will utilize its funds to expand in new geographies and strengthen its technology platform.

 

23. The Indus Valley

They have raised 2.5 crore rupees recently.

Industry: Cookware Products

Investors: The Chennai Angels

This online healthy kitchen product store raised 2.5 crore rupees led by Chandu Nair along with CK Ranganathan, V Shanker, Satish Kumar, and Lakshmi Narayan.

The company says that it will utilize the funds to expand its presence in India’s growing home and kitchen product space.

 

22. Pitstop

They have raised 2.5 million dollars. 

Industry: Doorstep Car Service

Investors: Blume Ventures and Goldbell Group of Singapore

This doorstep car service startup raised 2.5 million dollars led by TPG-backed Group Landmark. It received its funding from Blume Ventures and the Goldbell Group of Singapore.

The company says that it will use the fundings to expand its services network to 15 more cities this year. They are aiming to expand their garage and doorstep service network and build an integrated retail supply chain network for the spares business.

 

21. OM Bhakti

They raised an undisclosed amount recently.

Industry: Spiritual, Puja Samagri

Investors: Venture Catalysts

This puja cotton-wicks manufacturing startup raised an undisclosed amount in its seed funding round from incubator and accelerator Venture Catalysts. 

The company says that they will utilize the fundings to get more firepower to expand into new geographies and strengthen their marketing efforts.

 

20. Lal10 

They raised 1.1 million dollars on 06-03-2020.

Industry: Tech-led B2B artisan

Investors: Amit Ranjan, Mekin Maheshwari, Praveen Gandhi, Beyond Capital, Pegasus Finvest, Upaya Ventures, Angellist, and Gemba Capital

This tech-led B2B startup raised 1.1 million dollars led by Sorenson Impact from Utah. Indian angel investors, counting Slideshare’s Amit Ranjan, former Flipkart CTO Mekin Maheshwari, Praveen Gandhi of Seedfund, took part in the round. Other than that, Beyond Capital, Pegasus Finvest, Upaya Ventures, Angellist Collective, and Gemba Capital also participated in this round.

The company says that it will use the fundings to create a reliable technology goods to attain supply efficiency and focus on more international B2B retailers. They are aiming to digitize 10,000 artisans in 2020.

 

19. Anaxee Digital Runner

Amount raised– not disclosed

Industry– data visualization

Investors– LetsVenture, Keiretsu Forum, GAIN, and Swan Angel Network.

The funding will be used to improve their technologies and increase sales. It was founded in 2016 by Govind Agrawal, and it is based in Indore. They aim to develop India’s most extensive last-mile verification and data collection network of digital runners. This is to help consumers and businesses reach even the remotest parts of India. At the moment, Anaxee is available in 26 states across India.

 

18. CollegeKhabri

Amount raised– undisclosed on march 13,2020.

Industry– education

Investor– Vishal Dixit

It is a Bhopal based ed-tech startup founded in 2019 which aims to help students with their college and careers by providing counseling services. The fees for counseling varies between 1000 to ten thousand rupees. Speaking of the funding, Arshi Khan, Co-founder, CollegeKhabri, said,

“Our team is razor focussed. The money we have raised will be used to expand our flagship products and services for overseas education, and having mentors cum angel investor like Vishal will help us narrow down the focus and reap more benefits.”

 

17. FamPay

Amount Raised -$4.7 million on March 12, 2020

Industry – financial services

Investors- Y Combinator, Venture Highway, Sequoia India, and GFC (Global Founders Capital).

Founded in the year 2019, FamPay is a payment app for teenagers and families. Started by Kush Taneja and Sambhav Jain, who are graduates from IIT-Roorkee , the FamPay app provides teenagers to use UPI, P2P and make card payments without needing a bank account. It allows secure sending of money to kids below 18.

 

16. MultiLiving

Amount Raised – $6 million on March 12, 2020

Industry – Real-Estate

Investors – Lodha Ventures

MultiLiving was founded in 2019 by Pankaj Singh and has received funding from Lodha Ventures in this. It has its headquarters in Mumbai, Maharashtra.

The primary purpose behind the startup was to ease the life of an urban professional who has to go through the grim of the day continuously. Using MultiLiving, people can now easily rent flats. It keeps a quality check and provides built-in services in the flat. All services get monitored through an app. Currently, its areas of operation are minimal.

 

15. Ola Electric

Amount Raised- $1 million on March 12, 2020

Industry- Automotive

Investors – Pawan Munjal

Pawan Munjal is the chairman and director of Hero Motocorp, who went on to invest $1 million in Ola Electric. He made this investment through his family trust. Ola Electric had seen other investors like KIA Motors and Soft Bank.

It was founded in 2017 by Anand Shah and Ankit Jain. Their main aim was to reduce pollution and to make electric vehicles more popular.

 

14. MeraKisan

Amount raised – Not disclosed

Industry – Food delivery and online portal

Investors – Ajinkya Rahane and Mahindra Agri Solutions

MeraKisan was founded in 2016 by Prashanth Patil. The cricketer- A. Rahane is the brand ambassador of the startup. It works closely with 7000 organic farmers and promises certified, nutritious, and organic food to its customers. The company sells around 130 products and is rapidly growing.

 

13. Northern Arc Investments

Industry – Financing

Investors – PG Impact Investments, Anthos Fund, Asset Management, and Calvert Impact Capital

Northern Arc Investors announced the closing of its Northern Arc India Impact Fund.
It was formed in 2014 and is an alternative to Northern Arc Capital.

 

12. BigSpoon Foods Private Limited

Amount raised – $200k on January 11, 2020, in a seed round

Industry – food, delivery

Investors – Urmin Family Office, Lemonade Ventures, LetsVenture, and marquee angel investors.

BigSpoon is a startup by Cloud Kitchens, which is an Ahmedabad based company. With their fundings, they are looking forward to expanding to newer cities, adopting better technology to minimize pollution risks, and also provide a better experience to their customers.

Their priority remains unchanged even in the face of these many development plans and is still aimed at food. It has an omnichannel approach to ordering food and delivering it. Kapil mathrani founded it in the year 2019.

 

11. Cardiotrack

Amount Raised – $1 million on March 9, 2020, in a seed round

Industry – Biotechnology, healthcare, and AI

Investors – Frontline Strategy

Frontline, which is a Singapore based private equity platform, has managed to find the healthcare-based startup- cardiotrack. The round involved some angel investors too. Cardiotrack plans to use the funds to expand its base in India and other international markets. The CEO of Cardiotrack, Avin Agarwal, had a few points to add. He stated- ”With the involvement of Frontline Strategy Funds and associated investors, we are confident of increasing our patient scan rate by 10X within the current year. With the strong industry network and experience, the role of investors will be of a booster to our growth trajectory.”

Founded in the year 2014 in February, by Avin Agarwala and Ashim Roy, Cardiotrack aims to shorten the distance between healthcare facilities and chronic patients wh are not many times not able to afford better healthcare due to the ever-increasing costs.

Cardiotrack is an end-to-end management platform training disease with top-notch medical devices an AI technology. It operates in near about 16 countries.

 

10. Karbon Card

Amount Raised – $2 million on March 9, 2020

Investors – Kunal Shah, Amrish Rau, Jitendra Gupta.

Karbon card is a startup by the company Fintech, which is based out of shanghai and Bengaluru. This funding will be used to develop their products, expand their market reach, and also manage their operations better.

Fintech was founded towards the end of the year- 2019. Karbon card is essentially a corporate card, which gets issued to startups.

Pei-fu Hsieh, who is also the CEO of Karbon card said that the main idea behind the founding of the Karbon card was to help empower all Indian startups, to improve their spending and their cash flow in terms of credit.

Among the various cards offered by the startup, they have their interest free corporate credit card, which encapsulates rewards to startups like uber, HubSpot, and MakeMyTrip.

 

9. Airmeet

Amount Raised – $3 million on March 8, 2020

Industry – Events

Investors – Accel India

Airmeet, a Bengaluru based event planning startup, has been able to raise 3 million funding. It provides services for various events like conferences and even professional meet-ups. Its main point of focus is interactivity. It offers its services online, where distances between people would get bridges using their services.

Airmeet was founded by Lalit Mangal, Vinay Jaasti, and Manoj Singh. They plan to add several improvements in their product and make it accessible across all varied formats of events.

An even on Airmeet, according to its co-founder-Lalit- feels like an in-person event without any video interruptions—the team at air meets works from different locations.

 

8. Epigamia

Amount Raised- $51 million on May 14, 2019, in a Series C round

Industry-FMCG

Investors- Deepika Padukone, KA enterprises

Epigamia- flavored greek yogurt under its parent company- drums food international, has now received the backing of the Indian Bollywood actor- Deepika Padukone. The actor pumped in this amount in the Series C round of investments.
Epigamia was stated in 2015 and has shown how health-based consumer companies can reach heights by aiming in the right direction. Padukone is also the brand ambassador of the brand.

Founded by Ganesh Krishnamoorthy, Milap Shah, Rahul Jain, Rohan Mirchandani, Rohan Mirchandani, Uday Thakker, epigamia has managed to prove its worth in the market. One of its co-founders- Rohan Mirchandani- says that their partnership with the Bollywood actor is aimed towards creating more awareness about the greek yogurt brand and also enable its reach far and wide in India.

Epigamia serves more than 20 types of products, which started with just the plain greek yogurt, but now includes- Misti doi, yogurt smoothies, and artisanal curd. Its products are available in stores like- Reliance Fresh, Big Bazaar, and even across e-commerce platforms like Big Basket and Amazon. Eigamia further has a plan to expand itself all across India by entering more than fifty thousand stores in the years to follow.

 

7. Paper boat

Amount Raised– Rs 30 crore on February 1, 2020, in a Debt Financing round

Industry – Food and beverages

Investors – Advent Management, A91 Emerging Fund, and Trifecta Venture.

Paper boat is an e-commerce platform selling beverages and food items and is based in Haryana, India. It managed to raise Rs—30 crore in two separate rounds from its investors.
Paper boat’s parent company- Hector beverages raised Rs. 10 crores from Trifecta in February early this year. This funding type was debt financing.

In November 2019, advent management and A91 Emerging Fund invested rs. 9.99 crore each in hector beverages.

Paper Boat was founded in the year 2010 by Neeraj Kakkar and Neeraj Biyani, who were- executives in cocoa-cola. Hector’s first drink was named tzing- an energy-based drink. Later on, it started manufacturing Indian-themed fruit-based drinks like- aam panna, chili-guava, kanji, thandai, and several others under the name paper boat.
In its latest developments, Paper Boat has launched itself into the world of snacks too by selling traditional snacks such as- peanut chikki, aam papad, and other similar stuff.

 

6. GYANA

Amount Raised – $3.9 million February 27, 2020

Industry – analytics, market research, big data

Investors – Fuel Adventures, Biz Stone, Green Shores Capital, and U+I.

Gyana is a London based science startup that was successfully able to raise funds of $3.9 million or Rs. 28.5 crore. Its plans on how to spend this funding amount include a measure to increase its user base and also expanding its hold over Europe and India.

Gyana was founded in the year 2015 by Joyeeta Das and David Kell; both are Oxford graduates. Their first product was Neera, the world’s most comprehensive human movement data tool, which can yield information from almost 80 anonymous data points.
Joyeeta Das comments that they at Gyana realize the need to go the no-code way as businesses become increasingly technology-oriented and development teams getting overburned by all these developments.

Gyana has a thriving client base with customers like Vodafone, Barclays, and the UK Ministry of defense using their AI tool.

 

5. Salesken.ai

Amount Raised – $8 million on March 5, 2020, in a Series A round
Industry-A-I

Investors – Sequoia India

Salesken.ai is a Bengaluru based startup which was able to raise $8 million in funds with Sequoia India in a Series A funding. Other investors included- Unitus Ventures and Michael and Susan Dell Foundation, which made a partial exit from salesken.ai. The startup aims to use the funds for developing its services and its AI-based conversation intelligence platform. Not only is it, but it also wants to make its presence felt across the North American and Asia-pacific markets.

Surga Thilakan- the co-founder and CEO of salesken.ai, states that the startup helps companies by facilitating sales teams and helping them to adopt a more practical-based approach when dealing with sales management. They employ their machine-learning or ML and data science tools to master sales tactics often adopted by successful salespeople.
Salesken.ai provides greater prolificity and sales experts with unmatched experience and approach.

 

4. Strata

Amount Raised – $1.5 million on March 5, 2020.

Industry – Real Estate

Investors – SAIF Partners and Mayfield India.

Strata is a real-estate investment tech startup based in Bengaluru. With 1500 users and 150 active investors, they plan on doubling their team size to 45 members.

Strata was founded in May 2019 to help lower the high capital requirement for investors. Alongside this, they also bring in experience and liquidity in a marketplace which is otherwise rigorous and inflexible.

Strata was founded by Priyanka and Sudarshan and is currently functioning in Bengaluru and Mumbai. The team at Strata has several things to work on in the upcoming years. One of their topmost priority is to expand its services to metro cities in India. They also aspire to build new investment opportunities for middle-class Indians in the premium commercial property space.

The founder, Sudarshan Lodha, highlights the advantages of teaming up with SAIF Partners and Mayfield, adding how it makes their models and ideas a lot more plausible. He states that strata is focused on bringing transparency to investments as it is building India’s biggest tech-enabled real estate investment platform.

 

3. Sleepy Owl

Raised undisclosed amount on 05-03-2020

Industry: Food and Beverages

Investors: Rukum Capital, AngelList India, and DSG Consumer Partners.

Coffee startup Sleepy Owl raises an undisclosed amount in Series A round of funding, which was led by Rukum Capital. AngelList India, and saw participation from existing investor DSG Consumer Partners.

The company says that it will use the funding raised to expand its operations, strengthen distribution, and launch their new products.

 

What is Sleepy Owl?

Sleepy Owl sells ready to drink cold brew coffees, brew boxes, brew packs, and brew bags.  Sleepy Owl was established in 2016 by Ajai Thandi, Ashwajeet Singh, and Arman Sood. The startup has its presence in more than 1,000 outlets in Delhi and Mumbai and has 60,000 customers. The company was recently in the coveted “Forbes 30 under 30 India ” for 2020.

 

From co-founders desk

Ajai Thandi, the co-founder of Sleepy Owl, addressed

“The coffee lovers ‘landscape has emerged across the globe, and the cold brew coffee concept has gradually seeped into Indian markets as well. The company is backed by DSG Consumer Partner in 2018 made it easier for the company to establish and grow the brand. The latest round of funding reflects the investor’s faith in our business model and growth potential in the Indian market. The company says it will utilize the funds to launch new products and go deeper into existing retail markets, Delhi and Mumbai.”

Know more about Sleepy Owl here.

 

2. Leap Finance

Raised $5.5 million on 02-03-2020

Industry: Fintech

Investor: Bhupinder Singh (Incred CEO) and Kunal Shah (Cred CEO)

Fintech startup Leap Finance raises $5.5 million in a funding round led by Sequoia India. The round also saw participation from leading angels, including Bhupinder Singh, the CEO, and Founder of Incred and Kunal Shah, the Founder and CEO of Cred.

Leap finance offers education loans to students based on their future incomes.

 

What is Leap Finance?

Leap Finance offers education loans to the students based on the student’s future income. The startup Leap Finance was founded by IIT Kharagpur alumni Vaoiibhav Singh and Arnav Kumar. The startup takes into account several alternatives and derived data plans to predict future income potential.

The startup claims to offer loans to the students who are starting with their graduate studies in the US in the upcoming fall season.

 

The problem the startup is solving

Vaibhav Singh, Co-founder of Leap Finance, addressed that. 

“Indian students make up for about 25 percent of a class in many top graduate programs in the US. These are the smart, hard-working students who got in the best programs and have a great future ahead. The education loans they avail for their studies are at interest rates twice as high as their American peers.”

To counter the problem, Leap Finance has innovated on multiple dimensions like technology, financial structuring, and risk to bring down the interest rate and improve customer experience.

Learn more about Leap Finance here.

 

1. Neeman’s

Raised $1 million on 02-03-2020

Investor: Anicut Angel Fund, AngelList, and others

Hyderabad-based shoe brand Neeman’s has raised $1M which was led by an investment firm Anicut Angel Fund’s Tushar Singh and Rohit Anand. The other investors from the angel network also participated in the funding round.

The company said that it would use the funding to expand its operations and solidify their marketing strategy as the company looks to go omnichannel. The company is also planning to enhance its product lineup by using other natural materials.

 

What is Neeman’s?

Neeman’s is a Hyderabad based sustainable shoe startup founded by Taran Chhabra and Amar Preet Singh. The company makes shoes that are natural, lightweight, breathable, flexible, moisture-wicking, odor-resistant, cool in summer and warm in winter, machine washable.

 

From the Founder’s Desk

Taran Chhabra, the Founder, and CEO of Neeman’s, addressed that “We are here to redefine the shoe industry by using the natural, superior quality, and environment-friendly products. The company intends to create exceptionally comfortable and durable shoes that can be worn year-round with the same comfort that has been the key motivating factor in starting Neeman’s.”

Learn more about Neeman’s here.

 

February 2020

17. Eureka

Raised $20 Million of funding on 28-02-2020

Industry: Artificial Intelligence

Investment Type: Series B

Investors: Apis Partners, MEC Ventures, Riyad Taqnia Fund, and others.

Indonesia based artificial intelligence startup raised $20 million in its series B funding round that was co-led by leading investors such as Apis partners, MEC ventures, and the Riyad Taqnia Fund.

Other investors who participated in the funding round included SG Innovate, GDP Ventures, B&Y Ventures, Pacific Bridge, and Cianna Capital.

The company says that the investment raised will support the growth of its Bengaluru team and operations in India.

 

What is Eureka?

Eureka is the creator of the Spectrum, a proprietary AI enterprise software platform that helps organize the mobile telecom data in a bid to deliver actionable intelligence to the companies.

Currently, the company is active in Southeast Asia, India, and the Middle East.

The company currently has a software development team in Bengaluru that works with its technology teams in Seattle, Singapore, and Jakarta.

The company has built a proprietary AI enterprise software platform, Spectrum, that helps in organizing the mobile telecom data to deliver actionable intelligence. The company enables enterprises in industries including banking, insurance, transportation, and FMCG to partner with mobile operators to provide more trustworthy services to their customers.

 

From the CEOs Desk

Benjamin Soemartopo, CEO of Eureka addressed that 

“The Mobile operators provide the infrastructure for the digital economy, and partnership with enterprises will enable both to serve their customers better. The company’s new investment partner will help us both deliver in our current market and help complete our global footprints.”

Learn more about Eureka here.

 

16. ABL Workspaces

Raised undisclosed amount of funding on 28-02-2020

Industry: Coworking

Investment Type: Angel

Investor: Great Point Capital LLC, Chicago

Delhi based Coworking firm ABL Workspaces raised an undisclosed amount in angel funding from the Great Point Capital LLC, Chicago.

The company says that the funds would be utilized to strengthen in the capital region and would be operational with 15 new centers by June 2020.

The company aims to become a colossal player and has mapped out plans to be live with approximately 15,000 seats and 50 centers in the Delhi – NCR area by the end of FY21.

 

What is ABL Workspaces?

ABL Workspaces was found in December 2017 by the couple entrepreneur Ankur Gupta and Co-Founder & CMO Akshita Gupta.

ABL Workspaces is a coworking space where professionals from all walks of life come to work under one roof. Apart from a state-of-the-art coworking space, the company provides everything you need is at your behest.

The company is currently operating in 9 centers in Delhi, NCR, and plans to expand further and launch more centers.

 

Rapidly growing sector

Currently, India is the second-largest market for coworking space in the Asia Pacific region with over 1,000 coworking spaces. The cumulative area under coworking spaces in India now stands at 6.9M square feet.

The sector is rapidly growing in the country and encouraging its growth. Additionally, many MNCs and large organizations are also now using these coworking spaces. 

The coworking sector has become one of the most promising segments of the startup ecosystem and has attracted the attention of many leading investment firms across.

Learn more about ABL Workspaces here.

 

15. BharatPe

Raised $75 million on 24-02-2020

Industry: FinTech

Investment Type: Series C

Investor: Coatue Management, Ribbit Capital, Amplo, Insight Partners, and Steadview Capital

BharatPe, founded by Ashneer Grover and Shashvat Nakrani in 2018, is a leading non-banking financial company that provides financial solutions to its customers. Users can make and receive payments using the platform, along with some other functions.

Learn more about BharatPe here.

 

14. Unacademy

Raised $110 million on 19-02-2020

Industry: EduTech

Investment Type: Series D

Investor: General Atlantic, Sequoia Capital India, and Facebook

Unacademy, founded by Roman Saini, Gaurav Munjal, and Hemesh Singh, started as a YouTube channel in 2010 by Gaurav Munjal. Later, the channel was changed into a company that has now become the most significant learning platform in India. It is close to being a unicorn with this investment.

Learn more about Unacademy here.

 

13. MaxWholesale

Raised $3 million on 18-02-2020

Industry: E-commerce (B2B platform for groceries)

Investment Type: Series A

Investor: IAN Fund and Al Falaj Investment Co

MaxWholesale is an online platform that allows retailers and shop owners to buy groceries on wholesale prices directly from the online digital B2B platform. It offers a convenient way to buy groceries, with better delivery, price, and broader choice.

You can learn more about MaxWholesale here

 

12. Simsim

Raised $8 million on 14-02-2020

Industry: E-commerce

Investment Type: Series B

Investor: Accel Partners

Simsim is an e-commerce website that deals with providing the best products to its customers online. The website deals in fashion and apparel, electronics, beauty & grooming, home & kitchen, and toys & baby care products.

Learn more about Simsim here.

 

11. Friyey

Raised undisclosed amount on 14-02-2020

Industry: Co-working Spaces

Investment Type: Seed

Investor: Tarun Bhalla

Friyey is a co-working space provider that was founded by Yogesh Thore and aimed at providing an affordable place to work, especially for remote workers and freelancers. Their yearly office rate starts at as low as 75 per day.

Learn more about Friyey here

 

10. Chaayos

Raised $21.5 million on 11-02-2020

Industry: Cafe

Investment Type: Series B

Investor: Think Investment, Tiger Global, SAIF Partners, Integrated Capital, and Neeraj Arora and Innoven Capital

Chaayos is a chai exclusive cafe and restaurant that is a place focussing on the tea room concept, a place that brings together the young and the old on discussions on life, politics, society over a cup of chai. The startup was founded in 2012 by Nitin Saluja and presently has outlets in Mumbai, Delhi, Noida, Gurgaon, and Chandigarh.

Learn more about Chaayos here.

 

9. MoEngage

Raised $25 million on 11-02-2020

Industry: Intelligent Marketing Cloud

Investment Type: Series C

Investor: Eight Roads Ventures

MoEngage is a customer engagement platform that was founded in 2014 by Ravitja Dodda and Yashwanth Kumar, IIT alumnus, that offers a marketing automation platform that supposedly helps businesses improve customer engagement. 

Learn more about MoEngage here.

 

8. PepperFry

Raised $37 million on 10-02-2020

Industry: E-commerce (Furniture)

Investment Type: Series F

Investor: Pidilite Industries

Pepperfry is a leading online furniture startup that has been providing one-click furniture delivery services to its users. Pepperfry has marked its place in the Indian e-commerce space with competitors like Urban Ladder, IKEA, etc.

You can visit the Pepperfry website here.

 

7. FirstCry

Raised $296 million on 10-02-2020

Industry: E-commerce (Baby Products)

Investment Type: Series E

Investor: Softbank Vision Fund

FirstCry is one of Asia’s largest baby and kids products platform that offers over 2 lakh items on its online platform with collaboration with around 5,800 brands and a broad base of 7.5 million registered FirstCry users. It has its online and offline stores available in Pan India.

Learn more about FirstCry here

 

6. Dot

Raised $8 million on 06-02-2020

Industry: EduTech

Investment Type: Seed

Investor: PayU and Fosun RZ Capital

DOT is a tech startup that provides a commerce payments platform to its offline businesses and enterprises to drive digital transformation in the way they sell, manage, and engage their customers. 

Visit the DOT website here

 

5. WizKlub

Raised $1 million on 05-02-2020

Industry: Information Technology and Services

Investment Type: Seed

Investor: Incubate Fund India and Insitor Impact Asia Fund

WizKlub is a breakthrough research program that helps build Higher Order Thinking Skills (HOTS) in kids of the age group 6-13 years. HOTS helps kids analyze, synthesize, evaluate, interpret, and solve problems of complex levels.

Learn more about WizKlub here.

 

4. AlphaVector

Raised an undisclosed amount on 05-02-2020

Industry: Transport (Bicycles)

Investment Type: Venture Series

Investor: Avaana Capital and Titan Capital

AlphaVector’s Frog is a bicycle brand that produces efficient and stylish bikes for its customers of all age groups. The Startup produces bicycles for men, women, girls, boys, and even experiments to make exclusive character bicycles.

Learn more about AlphaVector here

 

3. Embibe

Raised $12.6 million on 03-02-2020

Industry: EduTech

Investment Type: Venture Series

Investor: Reliance Industries Limited (RIL)

Embibe is an ed-tech startup that focuses on providing AI-based learning solutions for its users. Users can prepare for competitive exams like JEE, NEET, AIMS, BITSAT, etc. and also prepare for school level exams for Class 8th, 9th, and 10th. 

Learn more about Embibe here.

 

2. RACEnergy

Raised undisclosed amount on 03-02-2020

Industry: Transportation (Electric Vehicle)

Investment Type: Seed

Investor: GrowX Ventures

RACEnergy is a transportation tech startup founded by Arun Sreyas and Gautham M that builds electric vehicles and supporting infrastructure that is affordable, convenient, safe, and connected with excellent performance. The company aims at accelerating the adoption of the electric utility in the market.

Learn more about RACEnergy here.

 

1. 1mg

Raised $10 million on 03-02-2020

Industry: E-Commerce (Medicine)

Investment Type: Venture Series

Investor: Bill & Melinda Gates Foundation

1mg is an online consumer healthcare platform co-founded by Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan that makes all the healthcare facilities available for a user in a few clicks. Users can order medicines online, use their online consultations, and even book lab tests online for a hassle-free home sample collection service.

You can visit the 1mg website here.

 

January 2020

15. DoubtNut

Raised $15 million on 31-01-2020

Industry: Education

Investment Type: Series A

Investor: Tencent Holdings

DoubtNut is an ed-tech startup co-founded by Tanushree N and Aditya S in 2016 that aims at providing better education solutions to its students from class 6th to 12th. It is an online interactive platform that makes use of recognition technologies to provide solutions to some mathematical questions. 

You can visit the DoubtNut site here

 

14. Adonmo

Raised $3 million on 31-01-2020

Industry: Advertising

Investment Type: Pre-Series A

Investor: BAce Capital

Adonme is an innovative online digital taxi top advertising service provider that allows its clients to use its mobile advertising service to reach their target audience in the target location during the relevant time slot through the startup digital taxi top advertising.  

Learn more about Adonmo here.

 

13. MultiplyMyLeads

Raised undisclosed amount on 30-01-2020

Industry: Real Estate

Investment Type: Venture Series

Investor: Frontline Strategy Funds and SucSEED Venture Partners.

MultiplyMyLeads is a tech startup that allows its clients to gain access to multiple leads faster by placing their properties to be listed on multiple property websites, thereby increasing the reach of finalizing a deal with a potential client. 

Learn more about MultiplyMyLeads here.

 

12. Pando

Raised $9 million on 13-01-2020

Industry: Logistics

Investment Type: Series A

Investor: Chiratae Ventures

Pando, founded by Jayakrishnan and Abhijeet Manohar, is a unique and will be one of the first open-market, freight management platform, that helps global businesses like Marico, Brittania, Tata, and Philips by automating and optimizing their freight management and thereby, connecting them to logistic vendors and aggregators enable seamless transactions. 

You can visit Pando here.

 

11. Shuttl

Raised $8 million on 13-01-2020

Industry: Transportation (App-based shuttle service)

Investment Type: Series C

Investor: Susquehanna Growth Equity

Shuttl is the largest office commute service provider in our country, which was founded by Amit Singh and Deepanshu Malviya in 2015. It aims at making office commuting reliable, affordable, dignified, and safe. A user can easily book his Shuttl online. 

Learn more about Shuttl here.

 

10. Zomato

Raised $150 million on 10-01-2020

Industry: Food-tech 

Investment Type: Private Equity Round

Investor: Ant Financial

Zomato is the leading online food delivery and dining platform in India that was founded by Deepinder Goyal in 2008. The Startup provides all the food-related information to its users, acting as an Indian restaurant aggregator platform that is available across 10k cities globally.

You can visit the Zomato site here.

 

9. Mamaearth

Raised $18.3 million on 09-01-2020

Industry: E-commerce (Skincare)

Investment Type: Series B

Investor: Sequoia Capital India

Mamaearth is a famous natural and toxin-free skincare product line that provides its customers with the best-in-class skincare. Their products range from baby skincare to products for beauty, pregnancy, and men.

Visit the Mamaearth website here

 

8. Byju’s

Raised $200 million on 09-01-2020

Industry: Ed-Tech

Investment Type: Private Equity Round

Investor: Tiger Global Management

Byju’s is the biggest name in online tutoring and online education service provider in India. Byju Raveendran founded the Banglore-based ed-tech company in 2011 and provided online tutoring for students from class 1st to 12th. 

Visit Byju’s website here.

 

7. Super Surfaces

Raised $500k on 08-01-2020

Industry: Building Material (Interior Design)

Investment Type: Series A

Investor: Vishnu Reddy

Super Surfaces is a design and delivery firm founded in 2014 by Kumar Varma. The company deals in designing and creating seamless interior designs for the satisfaction of its costumers. 

Visit Super Surface’s website here.

 

6. Generico

Raised $1.3 million on 07-01-2020

Industry: Pharmaceutical

Investment Type: Series A

Investor: Alteria Capital

Generico is a Mumbai-based pharmaceutical startup that was founded by Siddharth Gadia and Girish Agarwal that sells branded and generic medicines to its consumers. It presently has over 49 outlets in Mumbai.

You can visit Generico’s website here.

 

5. UnoLigo

Raised $1 million on 06-01-2020

Industry: IT

Investment Type: Series A

Investor: EquNev Capital

UnoLigo, founded by Jehangir Abdulla, is a Mumbai-based customer service management platform that runs an omnichannel bot-based customer transmigration platform that uses AI or artificial intelligence & machine learning to automate manual customer service tasks.

Learn more about UnoLigo here.

 

4. Rivigo

Raised $3.4 million on 06-01-2020

Industry: Logistics

Investment Type: Debt Funding

Investor: Trifecta capital

Rivigo, founded by Gazal Kalra and Deepak Garg, is a logistics startup that offers delivery services across the country to e-commerce, pharmaceutical, retail, automobile, and other such enterprises.

Learn more about Rivigo here.

 

3. Tech Shiksha

Raised $180k on 06-01-2020

Industry: Ed-tech

Investment Type: Seed Round

Investor: Mumbai Angels Network

Tech Shiksha is an ed-tech startup founded by Amit Modi in 2014 that uses innovative teaching methods of visual learning, audio-visual learning, and experimental learning on Science, Technology, Engineering, Art, and Mathematics.

Learn more about Tech Shiksha here.

 

2. Fashor

Raised $1.8 million on 02-01-2020

Industry: Fashion and Apparel

Investment Type: Seed Round

Investor: Sprout Venture Partners

Fashor is an online fashion and apparel startup co-founded by Priyanka and Vikram Kankaria that provides trendy Indian and indo-western clothing for women. The platform already has over 75,000 customers, with 70%of its revenue coming from its website and app.

Learn more about Fosher here.

 

1. WeathBucket

Raised $3 million on 02-01-2020

Industry: FinTech

Investment Type: Pre-series A

Investor: Vinod Khatumal

WeathBucket is one of the top investment platforms that allows users to invest their money and secure their finances through the startup’s investment plans available online. The online platform guides users through available investment plans, helping them pick their desired investment plan. 

You can see WealthBucket’s site here.

 

Conclusion

Here we’ve provided you with all the startup fundings that took place in 2020 to date along with details on the amount invested, investment type, investor, etc. we’ll be updating the article throughout the year to provide you with an ultimate startup funding compilation for 2020.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

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Saumya Uniyal
Saumya Uniyal
A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

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