Our weekly column summarizes the tech financing highlights in India this week.
Investment in logistics area is still hot and attracted large amount of capital. Vulcan Express, the logistics arm of India’s leading e-commerce platform Snapdeal, raised USD 23.8 million. E-commerce-industry focused logistics startup Ecom Express raised USD 30 million. Online matchmaking platform Matrimony raised USD 35.3 million for pre-IPO in this week’s Indian investment news (It opened IPO between September 11 to September 13 with the issue being oversubscribed 4.41 times at the end of the final day). And more…
Matchmaking services provider Matrimony raises USD 35.3 M for pre-IPO
Matrimony
Founders: Murugavel Janakiraman
Founded in: 1997
Financing status: USD 35.3 million for pre-IPO round in 2017
Matchmaking services provider Matrimony last Friday raised USD 35.3 million for pre-IPO.
Logistics startup Vulcan Express raises USD 23.8 M
Vulcan Express
Founders: Kunal Bahl and Rohit Bansal (founders of Snapdeal)
Founded in: 2013
Financing status: USD 23.8 million for undisclosed round in 2017
Logistics startup Vulcan Express last Thursday raised USD 23.8 M from Snapdeal.
Logistics startup Ecom Express raises USD 30 M for undisclosed round
Ecom Express
Founders: T. A. Krishnan, Manju Dhawan, K Satyanarayana and Sanjeev Saxena
Founded in: 2012
Financing status: USD 30 million for undisclosed round in 2017
Logistics startup Ecom Express on Monday raised USD 30 M for undisclosed round to strengthen its position in the e-commerce logistics space and expand its reach to 20,000 pin codes by the end of 2019.
Defence tech startup Tonbo Imaging raises USD 17 M
Tonbo Imaging
Founder: Arvind Lakshmikumar
Founded in: 2012
Financing status: USD 17 million for undisclosed round in 2017
Defence tech startup Tonbo Imaging on Tuesday raised USD 17 M to scale up operations of international market, and invest in R&D and product development for commercial purpose.
Edtech startup Unacademy raises USD 11.5 M for Series B
Unacademy
Founders: Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta
Founded in: 2016
Financing status: USD 11.5 million for Series B round in 2017
Edtech startup Unacademy on Wednesday raised USD 11.5 M for Series B to accelerate its product and technology. It plans to scale to other categories including personality development, new languages and job interviews. It will also invest the capital to produce its own content.
Budget hotel marketplace OYO raises USD 10 M from China Lodging Group
OYO Rooms
Founder: Ritesh Agarwal
Founded in: 2013
Financing status: USD 10 million for undisclosed round in 2017
Budget hotel marketplace OYO on Wednesday raised USD 10 M from China Lodging Group.
Travel booking aggregator startup GoFro raises USD 10 M for Series B
GoFro
Founders: Amitabh Misra
Founded in: 2015
Financing status: USD 10 million for Series B round in 2017
Travel-tech startup GoFro last Wednesday raised USD 10 million to strengthen its tech platform, supply and agent network as well as expand into international markets.
Cancer diagnostics startup OncoStem raises USD 6 M
OncoStem
Founders: Manjiri Bakre
Founded in: 2011
Financing status: USD 6 million for undisclosed round in 2017
Cancer diagnostics startup OncoStem last Wednesday raised USD 6 million to deepen its research and development area, and automate tests for oral, brain and colon cancer. The funds will also be spent on domestic and overseas expansion.
Fintech startup CreditVidya raises USD 5 M for undisclosed round
CreditVidya
Founders: Abhishek Agarwal, Rajiv Raj
Founded in: 2013
Financing status: USD 5 million for undisclosed round in 2017
Fintech startup CreditVidya last Thursday raised USD 5 M for undisclosed round to add a range of fraud and verification services to its existing big data underwriting platform, as well as improve its AI-based credit underwriting algorithms.
Smart parking provider Get My Parking raises USD 3 M for Series A
Get My Parking
Founders: Chirag Jain, Rasik Pansare
Founded in: 2015
Financing status: USD 3 million for Series A round in 2017
Smart parking provider Get My Parking on Tuesday raised USD 3 M for Series A to upgrade the startup’s internet of things platform.
(Top photo from Pixabay)
