Latest Indian Startup Funding | PolicyBazaar, Freshworks and Many More



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Sunstone Eduversity:
Sunstone Eduversity Pvt. Ltd has raised $1.56 million in seed funding round led by Bengaluru-based Prime Venture Partners and joined by LetsVenture, PS1 Venture and GlobalLogic co-founder Rajul Garg.
The startup runs professional education programmes for students in partnership with colleges, offering specialisation in banking and financial services, logistics, digital marketing and others. The programme is run on the partner college’s campus, but admissions, programme design, education content and placements are all done by Sunstone.
The startup currently has five partner institutions in three cities with 300 students. It is aiming to partner a further 10 institutions and achieve the enrolment of over 2,000 students across nine cities in 2020.
It will use the funds to build out its network of colleges across various cities and increase its investments in its technology and curriculum.

StyleCracker:
StyleCracker has raised $2 million from US-based investor AMJ Ventures.
The firm provides celebrity stylist-curated products that includes garments, beauty products, handbags, shoes, etc.
It was founded by Dhimaan Shah aur Archana Walavalkar in 2013. Famous bollywood celebrity Alia Bhat had also invested in the firm.
The funds will be used to strengthen capabilities in Machine Learning and Personalisation.

Zypp:
Zypp, a Gurugram-based e-scooter startup earlier known as Mobycy, has raised $2.08 million in pre-Series A funding round led by the Indian Angel Network Fund and joined by IAN’s members.
It is India’s first fully-electric connected two-wheeler mobility company providing services such as last-mile connectivity, delivery and enterprise commutes.
Company plans to strengthen the fleet with 5,000 e-scooters within the next few months and expand geographical footprint across NCR, along with five other Indian cities, and then to Southeast Asia and Europe in the coming years. The plan is to have 20,000 scooters on the road by the end of 2020.

Coolberg:
Mumbai-based startup Coolberg which offers malt-based, flavored, non-alcoholic beers has raised Series A funding of $3.5 million led by RB Investments and its existing investor, India Quotient. The round also saw participation from Ashish Goenka, chairman of Suashish Diamonds Ltd, and a pool of investors from Indian Angel Network (IAN).
Coolberg was founded by Pankaj Aswani and Yashika Keswani in 2016. The company says it has a distribution network across major cities and the products retail at around 12,000 outlets. Its products are also being sold and served at non-traditional locations such as offices, colleges and airports. Its beer comes in malt, ginger, peach and mint flavours, among others.
The funds will be used to strengthen the distribution network and increase brand awareness.

Freshworks:
Freshworks Inc. has raised $150 million in Series H round of funding. The round was led by existing investors Sequoia Capital, CapitalG, and Freshworks’ first investor Accel.
Freshworks Inc.is a cloud-based software firm that produces a variety of business and customer engagement tools that helps more than 150000 businesses.
The company will use the funding for Freshworks’ worldwide expansion as well as accelerate investments in its integrated SaaS platform.

policybazaar:
policybazaar has raised $150 million (1080 Cr.) from Tencent Holdings Pvt. Ltd.
Policybazaar provides all types of insurance plans like life insurance, health insurance, motor insurance, travel insurance as well as group plans.
The startup will be using the investment to venture into newer segments in financial services. These will be a mix of B2B and B2C businesses.

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