Page 11 - Startup Funding

Indian startups raise $16.9 bn VC funding in 2021, next only to China

Indian startups got USD 16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries, GlobalData said Friday. "Despite the third wave of COVID-19 pandemic looming large and slow economic recovery, venture capital (VC) investors seem to be reposing faith in the Indian startup ecosystem. In fact, Indian startups stood next only to Chinese counterparts in terms of VC funding value among the APAC countries during January to July 2021," the leading data and analytics company said. An analysis of GlobalData's financial deals database reveals that a total of 828 VC funding deals were announced in India during January-July 2021 while the total disclosed funding value of these deals stood at USD 16.9 billion. Some of the notable VC funding deals announced in India during January-July 2021 include USD 3.6 billion raised by Flipkart, USD 502 million raised by Mohalla Tech (ShareChat), Zomato's capital raising of around USD 500 million,

Probus Smart Things raises $500,000 led by Unicorn India Ventures

Probus develops integrated hardware and software solutions for utility providers and helps digitise their distribution grid

Zupee's valuation crosses $500 million, raises $30 million funding

This round comes within 6 months after its Series A round at a $100 million valuation, which is more than 5x increase in the company's valuation

Doxel raises $40 mn in Series B funding from Insight Partners, others

The funding would help Doxel to accelerate recruiting across its engineering, sales, marketing and product teams

Customer engagement startup MoEngage raises $32.5 mn for global expansion

MoEngage has added over 250 new customers in the past year and counts large brands such as McAfee, Nestle, Domino's, Deutsche Telekom, Byju's, Flipkart, CIMB Bank, JD.ID as customers

Veera Health raises $3mn in funding led by Surge, Global Founders Capital

Digital health startup for women offers nutrition therapy, lifestyle coaching and doctor support.

Vegan lifestyle brand Zouk raises $1.5mn in pre-series A led by Stellaris

Having gained 50,000-plus customers with a 4x growth in the past seven months, Zouk aims to double its consumer base every six months for the next 5 years

ADIF aims to make Indian startup ecosystem among top 3 globally by 2030

Digital startup think tank ADIF plans to make the Indian startup ecosystem among the top three globally by 2030, with focus on boosting knowledge base, driving collaboration and finding right policy

Automovill raises $500,000 in bridge round from Mumbai Angel Netwrok

With the latest fundraise, the startup has raised $1.2 million since its inception

Google backs Indian voice assistant as a service startup Slang Labs

Slang Labs raised funding from the Google Assistant Investments program. It would use the funding to grow its Voice Assistant as a Service business

In a first, BASF Venture Capital GmbH invests in Indian startup UrbanKisaan

Conceptualised in 2017, UrbanKisaan operates several suburban greenhouses and vertical indoor farms in Hyderabad and Bangalore

AdmitKard raises Rs 10 cr in pre-series A round from startup founders

The pandemic certainly wreaked havoc on the start-up industry, however, ed-tech has been one of the sectors to witness growth in traction

Pankhuri raises $3.2mn from Surge, India Quotient and Taurus Ventures

Pankhuri is a platform for women in India to network, learn and shop through live streaming, chat, and cohort-based sessions

Social commerce firm Trell raises $45 mn in series led by Mirae Asset, H&M

It is first Indian investment by H&M Group, company that owns fashion retail brand H&M, COS, and Monki

Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding

The company is raising $200 million from Sequoia Capital India, existing investor Faering Capital Pvt and others

EdTech start-up Nalanda Learning raises Rs 40 cr from Aavishkaar Capital

Education technology start-up Nalanda Learning Systems has raised Rs 40 crore from Aavishkaar Capital to expand operations nationally.

CredR raises $6.5 million in its latest round led by Yamaha Motors

CredR has raised $6.5 million in its latest round led by Yamaha Motors, existing investors Omidyar Network India and Eight Roads Ventures, with participation from automotive focused Astarc Ventures

Airblack raises $5.2 mn funding from Info Edge Ventures, Elevation Capital

Online makeup and beauty learning platform Airblack said it has raised $5.2 million in funding, co-led by Info Edge Ventures and Elevation Capital

Game streaming platform Loco raises $9 mn from Lumikai, Korea's Krafton

The round also saw participation by Hashed, Hiro Capital, North Base Media, Axilor Ventures, and 3one4 Capital

BharatPe in talks to raise $250 mn led by Tiger Global, says Report

Fintech major BharatPe, that hit a new high with 106 million monthly transactions in UPI in March this year, is reportedly raising nearly $250 million in its next funding round led by Tiger Global