Our weekly column summarizes the tech financing highlights in India this week.
Health-tech led the way in India’s tech market this week. Online pharmacy marketplace Netmeds raised USD 14 million, while online grocery shopping platform BigBasket raised USD 8 million. Other companies such as agri-tech startup Gold Farm, talent hiring startup Skillenza, AI-powered legal-tech startup SpotDraft, and cab leasing startup Ola Fleet Technologies also raised funds this week.
Online pharmacy marketplace Netmeds raises USD 14 M
Netmeds
Founder: Pradeep Dadha
Founded in: 2015
Financing status: USD 14 million for undisclosed round in 2017
Online pharmacy marketplace Netmeds on Tuesday raised USD 14 million to expand its customer base and presence to more locations in India.
Online grocery shopping platform Bigbasket raises USD 8 M
Bigbasket
Founders: V. S. Sudhakar, Hari Menon, Vipul Parekh, Abhinay Choudhari, and V. S. Ramesh
Founded in: 2011
Financing status: USD 8 million for undisclosed round in 2017
Online grocery shopping platform Bigbasket on Tuesday raised USD 8 million to compete with its rival online grocery shopping store Grofers.
Agri-tech startup Gold Farm raises USD 2 M for seed round
Gold Farm
Founders: Abhilash Thirupathy, Karthic Ravindranath
Founded in: 2012
Financing status: USD 2 million for seed round in 2017
Agri-tech startup Gold Farm on Monday raised USD 2 M for seed round to build the team, upgrade technology, outreach farmers, and expand services across the state of Karnataka.
Online talent hiring startup Skillenza raises USD 722 K for seed round
Skillenza
Founders: Subhendu Panigrahi
Founded in: 2017 (formerly known as Venturesity, founded in 2013)
Financing status: USD 722,000 for seed round in 2017
Online talent hiring startup Skillenza last Wednesday raised USD 722,000 to develop skill-building and talent engagement activities.
AI-powered legal-tech startup SpotDraft raises USD 550K for seed round
SpotDraft
Founderss: Shashank Bijapur, Madhav Bhagat
Founded in: 2017
Financing status: USD 550K for seed round in 2017
AI-powered legal-tech startup SpotDraft on Wednesday raised USD 550,000 to scale the business and market the product.
Ola Fleet Technologies raises USD 7.7 M to expand cab leasing operations
Ola Fleet Technologies
Founders: Bhavish Aggarwal, Ankit Bhati
Founded: 2015
Financing status: USD 7.7 million for undisclosed round in 2017
Ola Fleet Technologies, the cab leasing arm of Ola Cabs, has raised USD 7.7 million from ANI Technologies Pvt. Ltd, its parent company.
(Top photo from Pixabay)
