Indian Startup Funding Alert for this week. Paytm has got the biggest funding of this year 2019.
Following are the startups which have secured the funding :
1. WMall
2. Healthians
3. TravelTriangle
4. MedicaBazaar
5. Wingreens Farms
6. Perfios Software Services
7. Paytm
Social commerce platform WMall has raised around $8.90 million (Rs 64 crore) in a Series B funding round. The round is led by Chiratae Ventures and SAIF Partners, and VH Capital.
The company is focused on community shopping and offers products to consumers on social platforms such as WhatsApp and YouTube. It is a social community-based ecommerce platform where members create content around various products to enhance the buying experience for other members.
The Bengaluru-based startup is founded by Harmin Shah, Rishabh Verma and Anubhav Singh.
Company will use the funds for the growth of the company and business development.
Healthians got funding of $12 million ( Rs 85 crore). The investors are DG Incubation and DG Daiwa Ventures along with participation of Kotak Private Equity, venture debt firm Trifecta, Japan’s Tokio Marine. Healthian’s was founded in 2015 by Deepak Sahni. The startup provides healthcare services. The company is backed by Yuvraj Singh’s investment firm YouWeCan.
Healthians plans to use the funds to expand its geographical presence,strengthen the existing presence and enhance its service portfolio.
TravelTriangle has raised $13 million (Rs 92 crore) in its Series D funding round from KB Global Platform fund and The Fundamentum Partnership Fund. RB Investments, SAIF Partners, Bessemer Venture Partners also participated in this round.
This Gurugram-based startup is an online travel marketplace founded by Sankalp Agarwal, Sanchit Garg, and Prabhat Gupta. The company has over 650 agents and 65 destinations.
The startup will use the funding to develop its technology, brand building, and to expand to newer geographies.
Medikabazaar has raised $15 million (112 crore) in its Series B round of funding from Ackermans & van Haaren, Toppan Printing Co. Ltd., HealthQuad, Kois Invest, Rebright Partners, and Mitsui Sumitomo Insurance VC firm.
This B2B online marketplace for medical supplies was founded by Vivek Tiwari and Ketan Malkan in 2015.
The firm helps customers to buy medical devices and hospital supplies directly. It connects hospitals and clinics with manufacturers, distributors, and re-sellers of equipment and consumables and has 17 fulfillment centres across India.
The company will use the funds for enhancing its technological capabilities, supply chain infrastructure, and team strength.
Wingreens Farms Pvt. Ltd has raised $17 million (Rs 125 crore) from responsAbility Investments Sequoia Capital.
This dipping sauce maker firm was founded in 2011 by Anju aur Arjun Shrivastava. It started its operations with fresh dips, and later expanded to spreads, sauces, pita chips and bakery products.
The company will use the fresh capital for geographical expansion. Wingreens aims to reach nearly 1 lakh outlets in the next three years
Perfios Software Solutions Pvt. Ltd has raised $50 million ( Rs 360 crore) in its Series B funding round from Warburg Pincus and Bessemer Venture Partners.
This fintech firm was founded by VR Govindarajan and Debasish Chakraborty in 2008.It helps financial institutions in real-time decision-making, analysis and credit underwriting.
The fresh funds will be used to develop new products and to strengthen its presence in the Middle East and North Africa region and in Southeast Asia.
Paytm has raises $1 Bn(Rs 7200 crore) in a funding round led by T Rowe Price along with participation of Ant Financial, SoftBank Vision Fund, and Discovery Capital.
Paytm is a digital payment platform founded in 2010 by Shekar Sharma.
It helps the customers and provides services like mobile recharges, utility bill payments, travel, movies, and events bookings.
The funds will be used to acquire customers and merchants in smaller towns and reach more customers
#ezonomics #fundingalerts #startupfunding #paytm
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