Online classifieds portal Quikr has raised a secondary funding round of $60 Mn led by its existing investor, AB Kinnevik along with the new investors including Falcon Edge Capital and Coatue Management. With this round, the company is said to be valued at about $900 Mn, coming close to the billion dollar club of Indian companies, which already includes Flipkart, Snapdeal, Ola, Paytm, In Mobi and Mu Sigma.
Let us have a look at the 16 startups that raised around $143 Mn in funding altogether.(Calculations are based on startups that disclosed their funding amount.)
NestAway: Bangalore-based online home rentals startup, NestAway raised $12 Mn in a funding round led by Flipkart and Tiger Global to expand to more cities and improvise on the technological front.
IQLECT: Bangalore-based startup, IQLECT, that operates in big data and analytics space raised $2 Mn (INR 12 Cr.) from Exfinity Venture Partners to expand rapidly in more cities. The startup helps companies to leverage big data to drive dynamic and effective decision making by integrating data insights with the business in real time.
Joy by Nature: Delhi based startup owned by Pavitra Retail is one of the largest online performers in the organic industry. This startup secured $1 Mn from Mumbai Angels, Contrarian Vriddhi Fund and High Networth Individuals (HNIs).
Innoviti Payment Solutions (IPS): Bangalore-based payment solution startup that provides credit to both buyers and sellers raised $5 Mn (over INR 31.5 Cr) from NR Narayana Murthy’s Catamaran Ventures. The startup plans to utilize the raised funds to expand its business of credit distribution to SME.
Myonsto.com: Ahmedabad-based online grocery store secured angel funding of about $315,000 (INR 2 Cr) from Oswal Industries’ director Jayant Bokadia. The startup plans to deploy the funds to upgrade its technology infrastructure and expand further in Gujarat.
ZenRadius: Bangalore-based hiring platform raised undisclosed amount in seed round of funding led by TraxcnLabs and Deepak Singh, founder and director of Anzy Careers. The startup focusses on startups and small businesses to provide good candidates in manageable budget.
Zo Rooms: Delhi-based, budget hotels marketplace, Zo Rooms raised undisclosed amount in series A round from Tiger Global along with Orios Venture Partners. Presently, the startup is operational in 30 cities with more than 400 hotels.
MswipeTechnologies: Mumbai-based mPoS (mobile point-of-sale) solution provider secured $25 Mn (about INR160 Cr) in its Series C round of funding from Falcon Edge Capital, Meru Capital and Ola. The startup plans to use the funds to further accelerate its aggressive growth and customer success.
HolidayIQ: Travel and holiday information portal has tied-up with Makemytrip. The latter will invest $15Mn in HolidayIQ, which plans to use the proposed funding to mainly strengthen its Content, Mobile and Product services.
iCrushiFlush: Venture Capital fund IDG Ventures India has invested undisclosed amount in a casual dating app. The Pre-Series A funds raised by the startup will be used for marketing and product enhancement.
JetSetGo: Yuvraj Singh’s debut startup fund, YouWeCan Ventures has announced its investment in an online marketplace for private jets and helicopters. It is estimated that the deal lies between $156k – 236k (INR1 – 1.5 Cr.), as the early stage fund typically invest in this ticket size against a stake of 12-15%.
Fitternity: The Zomato for gyms, health clubs and yoga centers has raised $1 Mn from Exfinity Venture Partners. The startup will use the infused funds to expand into new cities, operations and management along with improvisation on the technological front which includes fine tuning their Mobile app.
MedGenome Labs: Bangalore-based high-end diagnostics Services Company raised $20 Mn in Series B round of funding led by Sequoia Capital. The funds will be used in expansion of its portfolio of genetic tests, sequencing facilities in India and the US, and expanding its network with speciality hospitals / clinics and genomic research institutions in India.
BroEx: Gurgaon-based startup that deals in network of real estate brokers, BroEx, raised $1 Mn in early stage round of funding from Lightspeed India. Oku Tech’s BroEx will use the funds to expand in Tier I, Tier II and Tier III cities across India.
Shopatplaces: Region specific online brand that offers authentic products from the places has bagged a funding by Indian Angel Networks. Shopatplaces curates the things special to a place and sells them online at best price.
With this, Gurgaon based, hyperlocal delivery startup, VeggyKart is planning to raise $3 to 4 Mn Series A funding led by Venture Capitalists. The startup that deals in online venture of home delivery of fresh fruits, vegetables and grocery plans to invest a significant portion of the proceeds to acquire customers and expand business beyond Gurgaon.
Intrasoft Technologies Ltd, which owns and operates the online greeting cards and commerce site 123greetings.com raised approximately $5.4 Mn (INR 34 Cr) by selling over one-third of its treasury stock through bulk deals. The company will use the proceeds from the share sale to expand and grow activities related to the ecommerce business.
This week Bangalore-based on demand delivery service startup, MagicTiger acquired GoDeliver, another startup of the same domain, for an undisclosed amount. With this acquisition, MagicTiger seeks to get some help over the delivery and tracking components derived from the GoDeliver team.
The Other Developments That Took PLace This Week Are:
- Singapore-based early stage venture capital fund, Jungle Ventures, appointed David Gowdey, as a Managing Partner. He will lead Series A and B stage investments at Jungle, with a focus on the consumer internet sector. David was earlier with Venture Capital & Private Equity firm TPG Capital.
- Mumbai-based early stage venture capital firm Orios Venture Partner announced $150 Mn (about INR 950 Cr) fund raise from several institutional investors including, marquee domestic family offices and HNIs. The fund raised is estimated to make 30 investments in domains like financial technology and business-to-business startups in addition to the pre existing domains for investment.
- Singapore’s investment firm, Temasek Holdings has tied up with United Overseas Bank (UOB) to offer up to $500 Mn in venture debt financing to internet startups in China, India and Southeast Asia over a period of next five years. Under the agreement, Temasek and UOB will each hold a 50 per centstake in Innoven Capital.
- The telecommunication firm, Karbonn Mobiles, decided to invest up to $3 Mn each in startups in order to build an ecosystem of apps and services for consumers compiling it with its emerging portfolio of smartphones in the entry-to-mid price segments.
- Michael Jones, former chief executive of MySpace, plans to raise $30 Mn (INR190 Cr) venture capital fund named Science India Fund to invest in early-stage startups that are building mobile phone applications. The funds will be closed in a few months.
- Bangalore-based startup incubator InnAccel is in talks with wealthy individuals and strategic partners to raise $10-12 Mn in the next few months. InnAccel plans to use the funds to open branches in other Indian cities and support every year at least 12 startups that are into medical devices, prosthetics and diagnostics.
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/featured.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/academy.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/reports.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/trackers.png){kind=tracking}
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/perks5.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/perks6.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/perks4.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/perks3.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/perks2.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/perks1.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/readers-svg.svg)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/twitter5.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/twitter4.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/twitter3.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/twitter2.png)
![Funding Galore: Startup Fundings Of The Week [20 July – 25 July]-Inc42 Media](https://cdn.inc42.com/wp-content/uploads/2023/09/twitter1.png)
