Tech Financing in India this week – Logistics & matchmaking startups attract big investment

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.

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Photo from Vulcan Express website

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.

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Photo from Nowec website

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.

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Photo from Pixabay

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.

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Photo from 58pic.com

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.

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Photo from OYO Rooms website

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.

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Photo from Pixabay

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.

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Photo from OncoStem website

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.

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Photo from Flickr

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.

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Photo from Get My Parking website

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.

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(Top photo from Pixabay)

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