The Weekly Startup Funding in India
WEEKLY STARTUP FUNDING IN INDIA
Welcome to this week's edition of the?Grizmo ?? ?Bulletin
We are excited to bring you the latest startup funding news of the week! From travel technology to HR tech, fintech to the enterprise. This week we saw various startups that have gained traction in their respective fields. The Indian startup ecosystem has been buzzing with the funding news, and we have curated some of the most note-worthy investments that have taken place.
#1.? Fresh Bus ?- The Bengaluru-based EV bus startup FreshBus has raised $3.14 Million in seed funding from travel tech platform ixigo. FreshBus will use the funds to launch premium inter-city electric bus services across India. The smart bus platform provides a wide range of services, including noise-free air-conditioned cabins, comfortable seating, friendly crew, IOT-enabled real-time air-quality and temperature monitoring, security CCTVs, personal charging docks, and Wi-Fi. FreshBus claims to commence its services simultaneously from Hyderabad and Bengaluru with the launch of 24 electric buses and expects to announce its first operational routes in March 2023.
#2.? Loan Kuber ?- Founded in 2016, LoanKuber has raised $2 million in Series A funding. The fintech platform enables MSMEs to take loans against owned residential collateral. The company co-lends with larger financial institutions and is currently operational in 10 locations across NCR, such as Delhi, Gurgaon, Noida, and Faridabad.?
#3.? Cookr ?- Cookr is a food tech startup founded in 2022. The company has raised $1 million in seed funding, which it plans to use to add more features to the platform, expand the team, and launch the marketplace across India. Cookr offers a range of nutritious and hygienic home-cooked food options to more than 500 home cooks on the platform, catering to customers' dietary needs and preferences. Cookr connects with home cooks to deliver home-cooked meals directly from their homes. The Chennai-based startup claims that all its partner cooks are FSSAI-certified. It currently operates in nine cities in Tamil Nadu.
#4.? Venwiz ?- Bengaluru-based industrial services platform Venwiz has raised $8.3 million in a Series A round led by Sorin Investments. Venwiz plans to use the funds for product enhancement and team expansion. The startup has a vision of streamlining the lifecycle of a manufacturing company in an end-to-end manner - be it vendor discovery, service procurement or job execution.
#5. CompUp (YC S22) ?- HRtech startup HireSure.ai is planning to use AI and blockchain to address hiring inefficiencies. The platform aims to simplify the hiring process for both employers and job seekers. Enterprises invest humongous sums of money and time to search, select, interview, and hire the perfect candidate. However, they end up losing when applicants do not sign up. HireSure.ai aims to el
#6.? Prozo ?- The Gurugram-based full-stack supply chain startup has raised Rs 45 crore in Pre-Series B via a combination of equity and debt financing, led by Sixth Sense Ventures, with participation from JAFCO Asia and other marquee investors. They plan to use these funds to expand the client base, warehousing and logistics and to develop Prozo Warehousing and Logistics (PWLP) SaaS platform.
#7.? InsuranceDekho , a fintech startup, has raised $150 million in Series A funding. The funding round was led by Goldman Sachs Asset Management and TVS Capital, among others. The Gurugram-based startup will use the funds to scale up its product and technology functions, expand to new markets, strengthen its leadership team, and pursue inorganic growth.
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#8.? ONWO , a tech-enabled curated marketplace for food products from Indian manufacturers, has raised $1.6 million in seed funding. The platform aims to simplify food sourcing from India and take Indian manufacturers globally.
#9.? Rartogo , a B2B platform for sourcing and exports with auto component aftermarket parts, has raised $4 million in its maiden funding round. Sequoia and angel investors have invested in the Gurugram-based company. Rartogo aims to grow in stealth mode.
#10.? Zypp Electric , an electric automobile and auto tech company, has raised $20 million in Series B funding. The company plans to expand its fleet from 10,000 to 2 lakh electric scooters and widen its footprint to 30 Indian cities by December 2025. It will also improve its driver experience, expand its EV hub infrastructure, and build an improved IoT and AI-enabled EV Fleet management technology.
These startups have demonstrated resilience and innovation during a challenging period of funding. We look forward to seeing their impact on their respective industries.
If you are an investor or just someone interested in the startup ecosystem, keep an eye on these exciting startups. With innovative ideas and support, they have the potential to make a real impact in their respective industries. Who knows, maybe you will find the next big thing!
We hope you found this weekly funding news update informative and exciting.?
Stay tuned for more updates on the Indian startup ecosystem.
?Grizmo publications, Bangalore
Driving Business Success through People & Culture | Culture Enthusiast | People-Centric Growth-Focused Supervisor | Recruitment Strategist
1 年Startup funding is important as it provides the necessary capital for a new business to launch and grow, enabling it to bring its products or services to market and achieve financial sustainability.