Latest Funding Alert | Startup Funding Explained in Hindi | Indian Startup Funding | Funding Alert 8
No. of startups funded in this week – more than 30
Total funding – more than $405.2 Million (Rs 2836 Crores)
Bombay Shirt Company:
Bombay Shirt Company has raised $8 million (Rs 56 Cr) from Mumbai-based venture capital firm Lightbox.
The firm was founded in 2012 by Akshay Narvekar in Mumbai. Bombay Shirt Company offers online tailor-made shirts to its consumers. Currently the firm operates 16 stores across India, Dubai and New York.
The company will be utilising the fund in automating its production and supply chain operations, and expanding its physical presence in 40 to 50 locations, in the next one and a half years.
HungerBox:
HungerBox has raised $12 Million (Rs 85 Cr) from Paytm, NPTK, Sabre Partners Trust and Neoplux.
HungerBox is Bengaluru-based B2B food tech startup founded in 2016 by Sandipan Mitra and Uttam Kumar.
The startup provides services to more than 120 businesses and institutions in India across 18 cities.
Currently, HungerBox processes 5 Lakh orders per day, it plans to reach 1 Mn orders per day by 2020.
HungerBox will use the fresh capital to grow its operations in at least 10 more cities as well as expand to other markets in Southeast Asia.
ZestMoney:
ZestMoney has raised $15 Million (Rs 120 Cr) from Goldman Sachs, Naspers Fintech, Quona Capital, and Flourish.
ZestMoney is a digital lending startup, founded in 2015 by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman.
ZestMoney provides credit to people who have limited access to credit cards or any other formal financing options because of insufficient credit history. Consumers can use ZestMoney to pay for purchases of any amount of upto Rs 2 lakh. The firm has partnered with more than 3,000 merchants from ecommerce, travel and education domain.
The funds will be used for product development, forming more strategic partnerships and scale its platform to get more customers on board.
Appnomic:
Appnomic has raised $22 Million (Rs 154 Cr) from Avataar Ventures.
Appnomic, the B2B SaaS platform was founded by Padmanabhan Desikachari in 2008.
The firm provides AI enabled autonomous self-healing enterprise solutions to digital enterprises, where it helps businesses to mitigate risks, enhance customer experiences, reduce downtime.
The fresh funds will be used to expand its presence and market reach globally.
Licious:
Licious has raised $30 Million (Rs 213 Cr) from Vertex Growth Fund, 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, and Sistema Asia Fund.
Online fresh meat brand was launched in 2015 by Abhay Hanjura and Vivek Gupta. The platform provides red meat, poultry, fish, seafood and other edibles.
Licious provides end-to-end services including procuring the fresh meat to processing, storage and delivery of the meat by owning the entire back-end supply chain including cold storage.
Licious is present in Bengaluru, Mumbai, Pune, Delhi-NCR, Hyderabad, Chennai, and Chandigarh. The company processes more than 17,000 orders a day.
The funds raised will be used for expanding presence in a greater number of Indian cities, augmenting capabilities in existing markets, strengthening omnichannel presence, and powering new product launches. It will also invest in upgrading technology and in human resources.
HappyEasyGo:
HappyEasyGo has raised $49.4 Million (Rs 350 Cr) from Korea Investment Partners (KIP), Samsung Venture Investment Corporation (SVIC), UOB Venture, 10 Fund, CVCapital, Zero2IPO Ventures and M&S Partners.
HappyEasyGo is an online travel platform founded by Vivek Prabhakar and Boris Zha. Established in 2017, the firm provided travelling services and known for its affordable air tickets and hotel bookings.
The fresh funds will be used to expand hotel division as well as strengthening the air ticket business.
Lenskart:
Lenskart has raised $231 Million (Rs 1645 Cr) from Softbank Vision Fund.
Lenskart is an eyewear brand that deals in eyeglasses, powered sunglasses, and contact lenses. It was founded in 2010 by Peyush Bansal, Amit Chaudhary and Sumeet Kapahi.
Company has more than 500 stores across India and also has a strong digital presence.
The company aims to expand its services to include an additional 150 stores by March 2020 and 2K stores over the next five years.
The firm is successfully running two stores in Singapore and is planning to open more stores in the coming financial year.
Success Story of OYO Rooms –
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