Our weekly column summarizes the tech financing highlights in India this week.
As reported by AlltechAsia, E-commerce and O2O startups attracted wide attention this week among Indian investors. Healthcare marketplace, 1mg, construction materials marketplace, Brick2Wall, and logistics marketplace, Flytta attracted large amounts of funding in the E-commerce sector. Beauty O2O platform, BigStylist, and food O2O, Monkeybox, also raised investors’ attention. BYJU’s, a potential unicorn, grabbed new investment from Chinese giant, Tencent. The new capital invested in SaaS startup, Noticeboard, is a sign of investors’ plans for India’s growing mobile and internet user population, which hit 465 million in June 2017.
Online health platform 1mg raises USD 15M for Series C round
1mg
Founders: Prashant Tandon, Vikas Chauhan, Gaurav Agarwal
Founded in: 2015
Financing status: USD 15 million for Series C round in 2017
Online health platform 1mg raised USD 15M for Series C round to further expand its online diagnostics and consultation services in India, specifically in smaller towns and cities.
Ed-tech startup BYJU’s raises undisclosed amount in a financing round
BYJU’s
Founder: Byju Raveendran
Founded in: 2015
Financing status: Undisclosed amount for a financing round in 2017
Ed-tech startup BYJU’s on Tuesday raised undisclosed amount in a financing round to accelerate product development for new markets and for acquisitions.
Online marketplace for construction materials Brick2Wall raises USD 200K for angel round
Brick2Wall
Founders: Nishant Garg, Shashank Garg
Founded in: 2015
Financing status: USD 200K for angel round in 2017
Online marketplace for construction materials Brick2Wall last Friday raised USD 200K in angel round for technology upgradation, acquiring more customers, and developing new business lines in Delhi NCR.
Online relocation platform Flytta raises undisclosed amount for seed round
Flytta
Founders: Rahul Kanuganti, Gokulavasan Murali
Founded in: 2016
Financing status: undisclosed amount for seed round in 2017
Online relocation platform Flytta last Wednesday raiseed undisclosed amount for seed round to develop partners and create targeted relocation offerings.
Communication platform Noticeboard raises USD 1.2M for seed round
Noticeboard
Founders: Vishal Gahlaut, Vishesh Dahinwal, and Sarath Chandran
Founded in: 2016
Financing status: USD 1.2 million for seed round in 2017
Communication platform Noticeboard on Tuesday raised USD 1.2M for seed round to strengthen its design team, develop new products and technology, and hire a team for its mobile platform.
Foodtech startup MonkeyBox closes undisclosed funding for Pre-Series A
MonkeyBox
Founders: Sanjay Rao, Sandeep Kannambadi
Founded in: 2015
Financing status: Undisclosed amount for Pre-Series A round in 2017
Foodtech startup MonkeyBox last Saturday closed undisclosed funding for Pre-Series A for expansion to more schools, hiring new employees and future marketing campaigns.
O2O beauty service marketplace BigStylist raises USD 1.2 M
BigStylist
Founders: Richa Singh, Chinmaya Sharma, Anurag Srivastava
Founded in: 2015
Financing status: USD 1.2 million for undisclosed round in 2017
O2O beauty service marketplace BigStylist on Thursday raised USD 1.2 M to set up shop in Delhi NCR.
