Chandramita Bora
Ever since the launch of Startup India program by the Government of India, there has been a spurt in the growth of startup entities. It is true that many of these startups have failed to cross the threshold of success. But the program has been able to infuse entrepreneurship and a sense of optimism among the youth. A further boost has been provided by the recent improvement in India’s ease of doing business ranking and the global startup ecosystem comparison chart.
Startups are important for any economy as they help boost economic activity, generate employment, bring in technological enhancement, and also infuse competitiveness in the economy. But the most crucial factor for their survival and growth is funding. So, let’s have a glance at the overall startup funding scenario and the startups that have raised funds from January, 2018 to now.
Overall Startup Investment Scenario
With more than 1000 startups added in 2017 taking the total number of startups to 5,200, India is now the world’s third-largest startup ecosystem (as per Nasscom startup Report). The year 2017 saw a record $13.7 billion being invested in Indian startups across 820 deals, which is significantly higher than the investments made in 2016 and 2015.
However, the number of startup deals being funded in 2016 and 2015 was higher than that of 2017. In Q1 of 2018 (Jan to March), the number of deals was 42% higher than the previous quarter, i.e., Q4 2017. But it is 19% lower than the number of deals funded in Q1 of 2017.
As far as seed funding is concerned, we can see a recovery as the number of deals in seed stage has increased by 43% as compared to Q4 2017, although it is still 18% lower than that in Q1 2017. A recovery can also be observed in Series A stage funding, as the number of deals has grown by 22% than that in Q4 2017.
The maximum number of funding deals have taken place in the Fintech and Healthtech sections. The tech startups in the enterprise application and service space have been able to get $269 million funding across 33 deals. So far, Bengaluru has been able to retain the top position for Indian tech startups, followed by Delhi/NCR, Mumbai, and Hyderabad.
Funding Activity of Indian Startups in January to June, 2018
August 2018
| Company Name | Founders | Location | Industry | Funding Type | Funding Amount |
| Lenskart | Peyush Bansal, Amit Choudhary, & Sumeet Kapahi | Faridabad, Haryana | E-Commerce (Online shopping Portal for Eyewear) | Venture – Series Unknown | N/A (Not Available) |
| dishq | Kishan Vasani | Bangalore, Karnataka | FoodTech | Seed | 400,000 |
| ShopX | Amit Sharma, Apoorva Jois | Bangalore, Karnataka | E-Commerce | Venture – Series Unknown | 35,000,000 |
| Try & Buy Fashions | Nitin Vats | New Delhi | Consumer Internet | Seed | 1,000,000 |
| ZipGo | Gaurav Agarwal, Jitender Sharma, Neeraj Paliwal, Pritesh Gupta | New Delhi | Consumer Internet (Provides Affordable Urban Transportation Option) | Series B | 4,29,80,000 |
| Wishup | Neelesh Rangwani, Vivek Gupta | Azadpur, Delhi | Consumer Internet (Personal Assistance Service) | Seed | N/A |
| Enakshi | Maharsh Shah, Namya Patel | Ahmedabad, Gujarat | Consumer Internet (Online Apparel Brand) | Seed | 1,14,811 |
| Observe AI | Akash Singh, Sharath Keshava Narayana, Swapnil Jain | California, US & Bangalore, Karnataka | Technology | Series A | 8,074,414 |
| Inthree | Kartick Natarajan, Ramanathan Ramachandran | Chennai, Tamil Nadu | Consumer Internet (Rural E-Commerce Platform) | Series A | 4,000,000 |
| HappyEMI | Suhas Gopinath | Bangalore, Karnataka | FinTech (Lending Platform) | Seed | 1,000,000 |
| quizizz | Ankit Gupta, Deepak Joy Cheenath | Bangalore, Karnataka | EdTech (E-Learning Platform) | Venture – Series Unknown | 3,000,000 |
| PhonePe | Burzin Engineer, Rahul Chari, Sameer Nigam | Bangalore, Karnataka | Consumer Internet (UPI Payments App) | Venture – Series Unknown | 66,000,000 |
| Metro Bikes | Anil G, Vivekananda Hallekere | Bangalore, Karnataka | Consumer Internet (Online Bike Rental Provider) | Series A | 12,200,000 |
| Hansel.io | Mudit Krishna Mathur, Parminder Singh, Varun Ramamurthy Dinakar | Bangalore, Karnataka | Consumer Internet (Mobile App Management Platform) | Series A | 4,000,000 |
| MakeMyTrip | Deep Kalra, Keyur Joshi, Rajesh Magow | Gurgaon, Haryana |
Consumer Internet (Online Travel Aggregator) | Private Equity | 10,000,000 |
| ZiffyHomes | Salil Agarwal, Sanchal Ranjan, Saurabh Kumar | New Delhi | Consumer Internet (Online Marketplace to Find Home on Rent) | Seed | 120,000 |
| HealthFin | Parvaiz Hussain and Dr. Sonia Basu | Pune, Maharashtra | Finance (Financing Platform for Patients) | Seed | N/A |
| Samosa Labs | Abhilash Inumella, Abhimanyu Pamulapati, & Rahul Reddy Koora | Hyderabad, Telangana | Consumer Internet (Social Media and Chat Entertainment Platform) | Private Equity | 7,000,000 |
| Mswipe | Manish Patel | Mumbai, Maharashtra | FinTech (Mobile Point-Of-Sales Provider | Venture – Series Unknown | N/A |
| PrestLoans | Ashok Mittal | New Delhi | FinTech (Tech-Driven RBI Regd. NBFC ) | Seed | 100,000 |
| Olly Credit | Anand Kumar, Ashwin Bhambri, Ringaile Noq | New Delhi | FinTech (a Digital Credit Card) | Venture- Series Unknown | N/A |
| Carmesi | Tanvi Johri | Gurgaon, Haryana | Healthcare | Seed | 497000 |
| Shadowfax | Abhishek Bansal, Vaibhav Khandelwal | Bangalore, Karnataka | Logistics ( India’s first multi-modal logistics platform) | Series C | 22,000,000 |
| NestAway | Amarendra Sahu, Deepak Dhar, Jitendra Jagadev, Smruti Parida | Bangalore, Karnataka | Real Estate (Home Rental Network) | Venture – Series Unknown | N/A |
| EazyDiner | Vir Sanghvi | Delhi | Consumer Internet (Restaurant Table Reservation Platform) | Series B | 5,85,0000 |
| Gamepind | AGTech & PayTM | Noida, Uttar Pradesh | Technology | Corporate Round | 16,000,000 |
| Ultraviolette Automotive | Narayan Subramaniam, Niraj Rajmohan | Bangalore, Karnataka | Automotive | Series A | N/A |
| Vogo | Anand Ayyadurai, B Padmanabhan, Sanchit Mittal | Kormangala, Karnataka | Consumer Internet (Scooter Rental Company) | Series A | 7,000,000 |
| Inthree | Kartick Natarajan, Ramanathan Ramachandran | Chennai, Tamil Nadu | E-Commerce | Series A | 4,000,000 |
| InstaSportz Consultancy | Bigith Nambiar | Bangalore, Karnataka | Technology (VR Gaming) | Corporate Round | N/A |
| &ME | Ankur Goyal | Bangalore, Karnataka | Food & Beverages | N/A | N/A |
July 2018
| Company Name | Founders | Location | Industry | Funding Type | Funding Amount ($) |
| Shop101 | Abhinav Jain and Aditya Gupta | Mumbai, Maharashtra | E-Commerce (Social Commerce Platform for Sellers) | Series A | 5,000,000 |
| LoanTap | Vikas Kumar & Satyam Kumar | Pune, Maharashtra | FinTech (Flexible Loans to Salaried professionals) | Venture Capital | 6,250,000 |
| HungerBox | Sandipan Mitra | Bangalore, Maharashtra | FoodTech (Food Solutions for Corporates) | Series A | 4,500,000 |
| Anchanto | Abhimanyu Kashikar, Shafique Muhammad, Vaibhav Dabhade | Singapore and Pune (Maharashtra) | IT (E-commerce Logistics and SaaS Platform) | Series C | 4,000,000 |
| Leena AI | Adit Jain | Gurgaon, Haryana | Technology (An HR Virtual Agent for Employees) | Venture – Series Unknown | N/A (Not Available) |
| Hubhopper | Gautam Raj Anand | Delhi | Technology (podcast and content-aggregator) | Venture – Series Unknown | N/A |
| Biryani By Kilo | Kaushik Roy, Ritesh Sinha, Vishal Jindal | Noida, Uttar Pradesh | Food & Beverages (Food Delivery, Catering) | Seed | 1,000,000 |
| zippserv | Sudeep Anandapuram& Debashish Hota | Bangalore, Karnataka | Consumer Internet (Real Estate Risk Assessment Platform | Venture- Series Unknown | 440,000 |
| GoBumpr | Karthik Venkateswaran, Nandha Kumar Ravi, Sundar Natesan | Mylapore, Tamil Nadu | Automotive (Car and Bike Serive App) | Seed | 600,000 |
| Scale Labs | Kiran Kumar, Pramod Panchagnula | Delhi | E-Commerce | Seed | 1,000,000 |
| Groww | Harsh Jain, Ishan Bansal, Lalit Keshre, Neeraj Singh | Kormangala, Karnataka | Finance (Mutual funds App) | Seed | 1,600,000 |
| Kinara Capital | Hardika Shah | Bangalore, Karnataka | Finance (Lending Platform for Micro and Small Enterprises) | Debt Financing | 5,000,000 |
| Avenue Growth | Dilkash Malhotra | Gurgaon, Haryana | Consumer Internet (Online Platform to Connect Brands with Freelance sales Professionals) | Seed | 437,000 |
| iNICU | Dr. Gautam Yadav, Dr. Harpreet Singh and Mrs. Ravneet Kaur | Delhi | Healthcare (Child Healthcare Solutions) | Pre-Series A | N/A |
| Sambandh Financial Services | N/A | Rourkela, Odisha | Online Micro Lending Platform | Private Equity | 2,500,000 |
| The Ken | Ashish K Mishra, Rohin Dharmakumar, Seema Singh | Bangalore, Karnataka | Media and Entertainment (subscriptions-only business news site) | Series A | 1,500,000 |
| PaySense | Prashanth Ranganathan, Sayli Karanjkar | Mumbai, Maharashtra | Financial Services (Online Consumer Lending) | Series B | 18,000,000 |
| Yulu Bikes | Amit Gupta | Bangalore, Karnataka | Technology (Bicycle Sharing Platform) | Seed | N/A |
| 19th mile | Vijay Gogoi | Gurgaon Haryana | IT ( AI-based Sales Acceleration Software | Angel | 180,000 |
| Cars24 | Mehul Agrawal, Vikram Chopra | Gurgaon, Haryana | Consumer Internet (Online Platform for Selling Used Cars) | Venture | 49,950,000 |
| MEngage | Manmohan Yadav, Pulkit Raturi | Jaipur, Rajasthan |
Healthcare (Doctor-Patient Engagement Platform) | Seed | 175,000 |
| Book My Show | Ashish Hemrajani, Parikshit Dar, Rajesh Balpande | Mumbai, Maharashtra | Consumer Internet (Online Ticketing Service | Series D | 100,000,000 |
| 5th Vital | Pratap Chandra, Praveen Potluri, Waseem Afsar and Harjot Sidhu | Bangalore, Karnataka | Healthcare | Seed/Angel | 500,000 |
| HousingMan | Bhavadeep Reddy, R Rajendra | Bangalore, Karnataka | Real Estate (AI-Based Real Estate Platform) | Seed | 1,500,000 |
| Ofbusiness | Asish Mohapatra, Bhuvan Gupta, Chandranshu Sinha, Nitin Jain, Ruchi Kalra, Ruchi Kalra, Srinath Ramakkrushnan, Vasant Sridhar | Gurgaon, Haryana | Finance ( Financing Platform for SMEs) | Series C | 29,000,000 |
| VTION | Manoj Dawane | Gurgaon, Haryana | Technology (Digital Media) | Seed | 2,80,000 |
| Kidovators | Priyadeep Sinha, Sonali Gupta | Bangalore, Karnataka | EdTech | Seed | 180,000 |
| BlackSoil | Ankur Bansal | Mumbai, Maharashtra | Finance | Series C | 17,000,000 |
| Bitla Software | Dasharatham Bitla | Bangalore, Karnataka | Technology (Travel and Hopitality) | Venture – Series Unknown | N/A |
| Log 9 Materials | Akshay Singhal | Bangalore, Karnataka | Nanotechnology (Graphene Nanotechnology Products) | Seed | 4,36,000 |
| Digit Insurance | Kamesh Goyal | Bangalore, Karnataka | Finance (Online Insurance Provider) | Venture – Series Unknown | 45,000,000 |
| Entropik Technology | Bharat Singh, Ranjan Kumar | Bangalore, Karnataka | IT (SaaS Platform) | Seed | 1,100,000 |
| Trell | Prashant Sachan | Bangalore, Karnataka | Consumer Internet (Travel Blogging App) | Seed | 1,250,000 |
| Iqlect | Sachin Sinha | Bangalore, Karnataka | Technology (BigData Analysis) | Venture – Series Unknown) | 2,500,000 |
| Educational Initiatives | Sridhar Rajagopalan, Sudhir Ghodke, Venkat Krishnan | Ahmedabad, Gujarat | Education | Private Equity | 25,000,000 |
| Awfis | Amit Ramani | New Delhi | Real Estate (Work Space Provider) | Series C | 20,000,000 |
| LifCare | Deepesh Rajpal, Krishna Killa, Rohit Mohta | Delhi | Healthcare | Series B | 11,000,000 |
| Aye Finance | Sanjay Sharma, Vikram Jetley | Gurgaon, Haryana | Finance (Financial Services for Micro and Small Businesses) | Debt Financing | 10,000,000 |
| Vokal | Aprameya Radhakrishna, Mayank Bidawatka | Bangalore, Karnataka | Internet (Knowledge Sharing Platform) | Series A | 5,000,000 |
| GirnarSoft | Amit Jain, Anurag Jain | Jaipur, Rajasthan | IT( Software and Web Development) | Debt Financing | 3,600,000 |
| AyurUniverse | Venkat Rao, Vijay Kumar Karai | Bangalore, Karnataka | Healthcare (Wellness Portal) | Venture – Series Unknown | 1,000,000 |
| TVF Play | Arunabh Kumar | Mumbai, Maharashtra | Media and Entertainment | Venture – Series Unknown | 6,000,000 |
| Welcome Cure | Jawahar J. Shah, Punit Desai | Mumbai, Maharashtra | Healthcare (Homeopathic Health Treatment Portal) | Venture – Series Unknown | N/A |
| SaffronStays | Devendra Parulekar | Mumbai, Maharashtra | Hospitality | Seed | 2,000,000 |
| Woodenstreet | Dinesh Pratap, Lokendra Ranawat, Vikas Baheti, Virendra Ranawat | Jaipur, Rajasthan | E-Commerce (Online Custom-Furniture Platform | Series A | 1,000,000 |
| Vebbler | Puneet Kumar, Sahil Bhagat | Bangalore, Karnataka | Consumer Internet (Photo Sharing Application) | Seed | N/A |
| Unacademy | Gaurav Munjal, Hemesh Singh, Sachin Gupta | Bangalore, Karnataka | E-Learning | Series C | 21,000,000 |
| StayAbode | Varun Bhalla, Viral Chhajer | Bangalore, Karnataka | Real Estate | Seed | N/A |
| Foyr | Shailesh Goswami | Pune, Maharashtra | Home Decor ( Online, Automated Interior Designer) | Series A | 4,200,000 |
| Muskaan Dreams | Abhishek Dubey | Gwalior, Madhya Pradesh | Non-profit organization | Venture – Series Unknown | 2,18,000 |
| Survaider | Madhulika Mukherjee, Tushar Mishra | Bangalore, Karnataka | SaaS-Based Customer Experience Management Platform | Seed | 50,000 |
| SmartVizX | Gautam Tewari, Tithi Tewari | Noida, Uttar Pradesh | Technology (Virtual Reality Solutions ) | Seed | 1,450,000 |
| IndiaLends | Gaurav Chopra, Mayank Kachhwaha | New Delhi | Finance | Series B | 10,000,000 |
| McXtra | A S Narayanan, Nimish Airon | Andheri, Maharashtra | Finance ( Digital Insurance Broking Startup) | Seed | 1,300,000 |
| Wishberry | Anshulika Dubey, Priyanka Agarwal | Mumbai, Maharashtra | Finance (Reward-based Crowdfunding Platform) | Series A | 14,50000 |
| SynThera Biomedical | Nilay Lakhkar | Pune, Maharashtra | Biotechnology | Seed | N/A |
| Genext Students Limited | Ali Kagzi, Asad Daud | Mumbai, Maharashtra | E-Learning (Smart Tutoring Platform) | Venture – Series Unknown | 250,000 |
| Magic Crate | Karthik Lakshman, Viswanathan Ramakrishnan | Bangalore, Karnataka | Education | Seed | N/A |
June, 2018
| Company Name | Founders | Location | Industry | Funding Type | Funding Amount ($) |
| Policy Bazaar | Alok Bansal, Yashish Dahiya | Gurgaon, Haryana | Finance ( Insurance Aggregator website | Series F | 200,000,000 |
| Annapurna Finance | Gobinda Chandra Pattnaik | Bhubaneswar, Odisha | Finance (Microfinance NBFC) | Private Equity | 23,000,000 |
| Aye Finance | Sanjay Sharma, Vikram Jetley | Gurgaon, Haryana | Finance (Online Lending) | Series C | 21,500,000 |
| Zoctr | Nidhi Saxena | Mumbai, Maharashtra | Healthcare | Seed | N/A |
| Digiconectt Technologys | Prrashanth H. Nagaraj, Uma Dakshinamurthy | Bangalore, Karnataka | Technology (IT, Information Services) | Seed | 125,000 |
| Kashmir Box | Muheet Mehraj and Kashif Ahmad Khan | Srinagar, Kashmir | E- Commerce (Online Sale of Ethnic Kashmiri Products) | Angel | N/A |
| Meesho | Sanjeev Barnwal, Vidit Aatrey | Bangalore, Karnataka | E-Commerce (Online Reseller Network of Housewives and SMBs) | Series B | 11,500,000 |
| Theranosis Life Sciences | Shibichakravarthy Kannan, Vennila Dharman | Hyderabad, Andhra Pradesh | Healthcare (Biotechnology) | Seed | N/A |
| NirogStreet | Ram Kumar | Gurgaon, Haryana | Healthcare (Platform for Finding and Booking Appointment of Ayurvedic Doctors) | Seed | 300,000 |
| Elucidata | Abhishek Jha and Swetabh Pathak | Delhi & Cambridge | Data Analytics | Seed/Angel | 17,00,000 |
| Nivesh | Anurag Garg, Sridhar Srinivasan | Noida, Uttar Pradesh | Finance (Mass Market Mutual Funds Investment Platform) | Seed | 4,50,000 |
| Daily Ninja | Anurag Gupta, Sagar Yarnalkar | Bangalore, Karnataka | Consumer Internet (Mobile App) | Series A | 3,000,000 |
| What’s Up Life | Gaurav H Luthra | Gurgaon, Haryana | Consumer Internet (A discovery app for dining out, party, leisure, and events | Seed/Angel | N/A |
| HomeLane | Rama Harinath, Srikanth Iyer, Vivek Parasuram | Bangalore, Karnataka | Consumer Internet (Interior Design and Manufacturing
Provider) |
Series D | 3,500,000 |
| RentSher | Abhijit Shaha, Harsh Dhand, Karandeep Singh Vohra | Bangalore, Karnataka | E-Commerce (Online Rental Marketplace) | Venture Capital | 1,100,000 |
| WickedRide | Anil G, Varun Agni, Vivekananda Hallekere | Bangalore, Karnataka | Consumer Internet (Peer-to-Peer Motor Vehicles Sharing) | Venture Capital | 9,100,000 |
| Numeroseven | Rimjhim Ray | Kolkata, West Bengal | Technology | Seed | N/A |
| Edureka | Kapil Tyagi, Lovleen Bhatia | Bangalore, Karnataka | EdTech (Online Learning Platform) | Series A | 2,000,000 |
| Wow Express | Jayesh Kamat, Mazhar Faruqi, Sandeep Padoshi | Mumbai, Maharashtra | Technology | Series A | 4,500,000 |
| SigTuple | Apurv Anand, Bharath Cheluvaraju, Rohit Pandey, Tathagato Dastidar | Bangalore, Karnataka | Healthcare (Intelligent Solutions for Medical Diagnosis) | Series B | 19,000,000 |
| HipBar | Prasanna Natarajan | Chennai, Tamil Nadu | Consumer Internet (RBI-approved Mobile Wallet for Beverage Transactions) | Venture | 3,960,000 |
| Cashify | Amit Sethi, Mandeep Manocha, Nakul KumarGurgaon, Haryan | Gurgaon, Haryana | E-Commerce(Online Resale of Used Consumer Gadgets) | Series C | 12,000,000 |
May, 2018
| Company Name | Founders | Location | Industry | Funding Type | Funding Amount ($) |
| Nykaa | Falguni Nayar | Mumbai, Maharashtra | Consumer Internet (Online Beauty and Wellness Destination) | Series D | 24,000,000 |
| Earth Food | Nilesh Palresha, Siddharth Khinvasara | Pune, Maharashtra | Food & Beverages | Seed | 949,000 |
| Toppr | Hemanth Goteti, Zishaan Hayath | Mumbai, Maharashtra | EdTech (Education & Knowledge Management) | Debt Financing | 2300000 |
| PaisaDukan | Rajiv Ranjan | Mumbai, Maharashtra | Finance (P2P Lending Marketplace Platform) | Seed | 225,000 |
| i3sytems | Mallesh Bommanahal, Vikram Patil | Mumbai, Maharashtra | Technology | Seed/Angel | 1,000,000 |
| Disprz | Kuljit Chadha, Subramanian Viswanathan | Chennai, Tamil Nadu | IT (E-Learning) | Series A | 2,500,000 |
| OpenTap | Harish Devarajan, Senthil Natarajan, Suresh Venkataramani | Chennai, Tamil Nadu | FinTech |
Venture – Series Unknown | 4,50,000 |
| Bizongo | Aniket Deb, Ankit Tomar, Sachin Agrawal | Mumbai, Maharashtra | E-Commerce (B2B Online Marketplace for Packaging Products) | Series B | 22,000,000 |
| mfine | Ashutosh Lawania, Prasad Kompalli | Bangalore, Karnataka | Healthcare | Series A | 4,200,000 |
| Rocketium | Anurag Dwivedi, Satej Sirur | Bangalore, Karnataka | Technology | Seed | 300,000 |
| MilkBasket | Anant Goel, Anurag Jain, Ashish Goel, Ekwe Chiwundu Charles, Yatish Talavdia | Haryana | E-Commerce (Food & Beverages) | Series A | 7,000,000 |
| Aashiyaan Housing and Development Finance | Shubhankar Sengupta | Kolkata, West Bengal | Finance (Housing Finance for Low-income Families) | Seed | 2,000,000 |
| Cashkumar | Dhiren Makhija, Kannan Kandappan, Yogesh Joshi | Bangalore, Karnataka | FinTech (P2P Lending Platform) | Seed | 735,000 |
| Edyoo | Rakshit Kejriwal | Bangalore, Karnataka | E-Commerce (Online Products for School Children and online fee payment) | Seed | 1,000,000 |
| Smartivity | Apoorv Gupta, Rajat Jain, Ashwini Kumar, Tushar A Amin | New Delhi | EdTech | Venture – Series Unknown | 2,000,000 |
| Acko | Varun Dua | Mumbai, Maharashtra | Finance (Digital Insurance) | Series A | 12,000,000 |
| Bonphul | Prodyut Bora and Narendra Bisht | Delhi | CleanTech | Angel | 293,000 |
| Toffee Insurance | Nishant Jain, Rohan Kumar | Gurgaon, Haryana | FinTech (Insurance Technology) | Seed | 1,500,000 |
| Credright | Neeraj Bansal | Hyderabad, Andhra Pradesh | Finance (digital Lending Platform for SMEs) | Seed | 1,300,000 |
| Stellapps | Jinesh Shah, Praveen Nale, Ranjith Mukundan, Ravishankar Shiroor, Venkatesh Seshasayee | Bangalore, Karnataka | Technology (AgTech, Apps, Internet of Things) | Series B | 14,000,000 |
| HWell24 | Harddik K Patel, J K Singha | Mumbai, Maharashtra | Healthcare (Home Healthcare Aggregator) | Angel | 200,000 |
| Tonetag | Kumar Abhishek,Vivek Singh | Bangalore, Karnataka | Technology | Corporate Round | 8,000,000 |
| CoinTribe | Amit Sachdev, Manish Chaudhari, Manish Chaudhari, Rohit Lohia | Gurgaon, Haryana | Finance (Credit-Based Marketplace for Small Business Loans) | Series B | 10,000,000 |
April, 2018
| Company Name | Founders | Location | Industry | Funding Type | Funding Amount ($) |
| Aye Finance | Sanjay Sharma, Vikram Jetley | Gurgaon, Haryana | Finance (Online Lending) | Debt financing | 46,000,00 |
| Fitternity | Jayam Vora, Neha Motwani | Mumbai, Maharashtra | Fitness & Healthcare (Online Fitness Platform) | Seed | 2,000,000 |
| Synctag | Harsh Mehta, Ashok Mehta |
Coimbatore, Tamil Nadu | Technology (IT, Social Media Management) | Venture – Series Unknown | 307,600 |
| Finzy | Abhinandan Sangam, Amit More, Vishwas Dixit | Bangalore, Karnataka | Finance (Financial Services, Lending) | Seed | 1,300,000 |
| IndigoLearn | Sriram Somayajula, Suraj Lakhotia | Hyderabad, Telangana | EdTech (E-Learning) | Seed | 150,000 |
| Vedantu | Anand Prakash, Pulkit Jain, Saurabh Saxena, Vamsi Krishna | Bangalore, Karnataka | EdTech (Online Tutoring Platform) | Series B | 5,000,000 |
| Varthana | Brajesh Mishra, Steve Hardgrave | Bangalore, Karnataka | Finance (Financial Services to Indian Private Schools) | Series C | 5,50,00,000 |
| Kaleidofin | Sucharita Mukherjee | Chennai, Tamil Nadu | Finance | Seed | 2,800,000 |
| Elemential | Anil Dukkipatty Raunaq Vaisoha | Mumbai, Maharashtra | Technology (Blockchain, Enterprise Software) | Seed | 1,000,000 |
| Kriger Campus | Chandan Satyarthi, Neeraj Kumar Verma, Suraj Satyarthi | New Delhi | EdTech (Mobile-Based Education Network) | Seed | 46,140 |
| Pipa+Bella | Shivani Pandya, Shuchi Pandya | Mumbai, Maharashtra | E-commerce (Fashion, Jewelry, Retail) | Series A | 1,000,000 |
| Loanzen | Madhu Sudhan, Venkatesh Sankararaman | Bangalore, Karnataka | Finance (Lending to the Logistic sector) | Seed | N/A |
| TravelTriangle | Prabhat Gupta, Sanchit Garg, Sankalp Agarwal | Virginia (US) & Gurgaon, Haryana | E-commerce (Travel & Tourism) | Series C | 12,000,000 |
| LetsMD | Prakhar Gupta | New Delhi | Healthcare (Lending for Medical Procedures) | Seed | 1,000,000 |
| Mintifi | Anup Agarwal | Mumbai, Maharashtra | Finance (Online Lending) | Seed | 2,000,000 |
| PregBuddy | Sivareena Sarika, Subhadeep Mondal, Yash Ladia | Bangalore, Karnataka | Healthcare (Connected Care App For Pregnant women) | Seed | N/A |
| icanstay | Puneet Gupta | Delhi | Travel & Tourism | Seed | 5,00,000 |
| Coverfox Insurance | Devendra Rane, Varun Dua | Mumbai, Maharashtra | FinTech (Insurance, Life Insurance | Private Equity | 22,000,000 |
| Fyle | Sivaramakrishnan Narayanan, Yashwanth Madhusudan | Bangalore, Karnataka | Technology (Expense Management Platform) | Seed | 1,100,000 |
| Mamaearth | Varun Alagh | Gurgaon, Haryana | Healthcare (Toddler and Baby Care Products) | Venture – Series Unknown | 250,000 |
| True Balance | Cheolwon Lee | Gurgaon, Haryana | Technology (App for Checking and Managing Mobile Balance) | Series B | 23,000,000 |
| Nykaa | Falguni Nayar | Mumbai, Maharashtra | Consumer Internet (Online Beauty and Wellness Destination) | Series D | 1,10,00,000 |
| Doxper | Pawan Jain, Randeep Singh, Shailesh Prithani | Mumbai, Maharashtra | Healthcare | Seed/Angel | 19,00,000 |
| Capital Float | Gaurav Hinduja, Sashank Rishyasringa | Bangalore, Karnataka | FinTech | Series C | 22,000,000 |
| Tripshelf | Jai Raj Gupta | Delhi | Consumer Internet (Online Marketplace for Holiday Packages) | Seed | 246,000 |
| Mihuru | Jonathan Nunez Gonzalez, Shruti Mehrotra | Mumbai, Maharashtra | Finance (Online Platform for giving Microloans for Air Travel) | Seed | 150,000 |
| RailYatri | Kapil Raizada, Manish Rathi, Sachin Saxena | Noida, Uttar Pradesh | Consumer Internet (Provide up to date Information to train passengers) | Series B | N/A |
| POPxo | Namrata Bostrom, Priyanka Gill | New Delhi | Technology | Series C | 55,00,000 |
| MyLoanCare | Deepak Gupta, Gaurav Gupta | Gurgaon, Haryana | Finance (Online Lending) | Series A | 978,000 |
| Rubique | Manavjeet Singh, Sandeep Nambiar | Mumbai, Maharashtra | FinTech (Financial Services, Analytics) | Series B | 4,000,000 |
| Samco Securities | Jimeet Modi | Mumbai, Maharashtra | Finance | Series B | 7,500,000 |
| 1mg | Prashant Tandon, Sameer Maheshwari | Gurgaon, Haryana | E-Commerce (Online Pharmacy) | Venture – series Unknown | N/A |
March, 2018
| Company Name | Founders | Location | Industry | Funding Type | Funding Amount ($) |
| Buddy4studdy | Ashutosh Burnwal | Noida, Uttar Pradesh | Consumer Internet (Career Planning and Online Scholarship Portal) | Series A | $3,000,000 |
| Urban Ladder | Ashish Goel, Rajiv Srivatsa | Bangalore, Karnataka | E-Commerce (Furniture, Home Decor) | Venture – Series Unknown | 12,000,000 |
| MedGenome | Sam Santhosh | Bangalore, Karnataka | Healthcare (Biotechnology, Genetics) | Series C | 10,000,000 |
| Predible Health | Suthirth Vaidya, Abhijith Chunduru, and Deepak Mohan | Bangalore, Karnataka | Healthcare (Medical Device) | Seed | N/A |
| Gramophone | Harshit Gupta, Nishant Mahatre, Tauseef Khan | Indore, Madhya Pradesh | Agritech | Seed | 1,000,000 |
| NestAway | Amarendra Sahu, Deepak Dhar, Jitendra Jagadev, Smruti Parida | Bangalore, Karnataka | Consumer Internet (Home Rental Network) | Series D | 51,000,000 |
| Kuvera | Gaurav Rastogi, Mayank Sharma, and Neelabh Sanyal. | Bangalore, Karnataka | Consumer Internet (Financial planning and Wealth Management) | Angel | 250,000 |
| Finova Capital | Sunita Sahney | Jaipur, Rajasthan | Banking & Finance | Series B | 6,000,000 |
| Livehealth | Abhimanyu Bhosale, Mukund Malani, sanket savla | Pune, Maharashtra | Healthcare (Health report management solution) | Seed | 1,100,000 |
| Ad2pro Media Solutions | Gopal Krishnan, Todd Brownrout | Bangalore, Karnataka | Technology (Advertising Platform, Digital Marketing, Analytics, Marketing Automation | Debt Financing | 9,700,000 |
| Hotelogix | Aditya Sanghi, Prabhash Bhatnagar | Noida, Uttar Pradesh | Technology (Online Hotel Management, SaaS) | Venture – Series Unknown | 5,000,000 |
| Coverfox Insurance | Devendra Rane, Varun Dua | Mumbai, Maharashtra | FinTech (Insurance, Life Insurance) | Series C | 7,600,000 |
| Magicpin | Anshoo Sharma, Brij Bhushan | Gurgaon, Haryana | E-commerce | Debt Financing | 1,000,000 |
| Pepperfry | Ambareesh Murty, Ashish Shah | Mumbai, Maharashtra | E-Commerce (Furniture Shopping Store) | Series F | 38,400,000 |
| Grofers | Albinder Dhindsa, Saurabh Kumar | Gurgaon, Haryana | E-Commerce (Online Grocery Store) | Series E | 6,20,00,000 |
| Fingerlix | Shree Bharambe | Mumbai, Maharashtra | Food & Beverages (Ready-to-Cook Food) | Debt Financing | 1,310,000 |
| AvailFinance | Ankush Aggarwal | Bangalore, Karnataka | FinTech (Online Lending, Mobile Payments) | Series A | 17,200,000 |
| Stumagz | Sri Charan Lakkaraju | Hyderabad, Telangana | Digital Media | Seed | N/A |
| Zappfresh | Deepanshu Manchanda, Shruti Gochhwal | Gurgaon, Haryana | Food & Beverages (Online Meat Dealer) | Venture – Series Unknown | 3,000,000 |
| CustomerSucessBox | Amritpal Singh, Puneet Kataria | San Francisco & Gurgaon | Technology (Enterprise Software, SaaS, Software) | Seed | 1,000,000 |
| Chargebee | KP Saravanan, Krish Subramanian, Rajaraman Santhanam, Thiyagarajan T | California & Chennai | Technology | Series C | 18,000,000 |
| Slang Labs | Giridhar Murthy, Kumar Rangarajan, Satish Chandra Gupta | Bangalore, Karnataka | Technology (Voice Interface) | Seed | 12,40,000 |
| One Labs | N/A | N/A | Technology (Consumer technology and artificial intelligence based startup) | Seed | N/A |
| i2i Funding | Abhinav Johary, Manisha Bansal, Neha Aggarwal, Raghavendra Pratap Singh, Vaibhav Pandey | Noida, Uttar Pradesh | Finance (Crowdfunding, Financial services) | Angel | 768,000 |
| UrbanPiper | Anirban Majumdar, Devarshi Shah, Saurabh Gupta | Bangalore, Karnataka | Technology (Online ordering solution for restaurants and food chains) | Seed | N/A |
| Roadcast | Rahul Mehra, Vishal Jain | New Delhi | Technology | Angel | 250,000 |
| DriveU | Amulmeet Chadha, Ashok Shastry, Rahm Shastry | Bangalore, Karnataka | Technology (Rental, Taxi Service) | Seed | 3,000,000 |
| Cash Suvidha | Anoop Garg, Rajesh Gupta | New Delhi | Banking & Finance | Seed | 1,000,000 |
| Smartcoin | Rohit Garg | Bangalore, Karnataka | Finance (Big Data, Financial Services, Machine Learning) | Seed | 2,000,000 |
| Fynd | Farooq Adam, Harsh Shah, Sreeraman Mohan Girija | Mumbai, Maharashtra | E-Commerce (Fashion, Retail, Shopping) | Series C | N/A |
| Benepik | Saurabh Jain | Gurgaon, Haryana | Technology (Human Resource) | Seed | N/A |
February, 2018
| Company Name | Founders | Location | Industry | Funding Type | Funding Amount ($) |
| BigBasket | Abhinay Choudhari, Hari Menon, Vipul Parekh, VS Sudhakar | Bangalore, Karnataka | E-commerce(Online Grocery & Food) | Venture-Series Unknown | 300,000,000 |
| Zomato | Deepinder Goyal, Pankaj Chaddah | Gurgaon, Haryana | Food & Beverages, Hospitality | Series I | 200,000,000 |
| CollegeDekho | Ruchir Arora | Jaipur, Rajasthan | Education Higher Education Services) | Venture – Series Unknown | 2,000,000 |
| Foodmemories | Dr Harmitsingh Sikh | Ahmadabad, Gujarat | Food & Beverages, Food Processing | Seed | N/A |
| PharmEasy | Dharmil Sheth, Dhaval Shah, Mikhil Innani | Mumbai, Maharashtra | Healthcare (Online Pharmaceutical store) | Series C | 30625000 |
| Pratilipi | Prashant Gupta, Rahul Ranjan, Ranjeet Pratap Singh, Sahradayi Modi, Sankaranarayanan Devarajan | Bangalore, Karnataka | Publishing (EBooks, Reading Apps, E-Publishing) | Series A | 4,300,000 |
| Swiggy | Nandan Reddy, Rahul Jaimini, Sriharsha Majety | Bangalore, Karnataka | Food & Beverages (Online Food Delivery, Food Processing) | Series F | 100,000,000 |
| HealthifyMe | Sachin Shenoy, Tushar Vashisht | Bangalore, Karnataka | Healthcare (Fitness, apps, mHealth) | Series B | 12,000,000 |
| MedTel | Shashank Singhal, Dr. Lalit Manik, Ajit Choudhury, Siba Prasad Panda, Manish Kumar Swain | Bhubaneswar, Odisha | Healthcare (Virtual Health Clinics) | Seed | N/A |
| Lendingkart | Harshvardhan Lunia and Mukul Sachan | Ahmadabad, Gujarat | Finance (Online Lending) | Series C | 87,000,000 |
| Rupeek | Amar Prabhu, Ashwin Soni, Sumit Maniyar | Bangalore, Karnataka | Finance (Online Gold Loans) | Series A | 6,830,000 |
| Wydr | Devesh Rai G , Hitha Uchil | Gurgaon, Haryana | E-Commerce | Venture – Series Unknown | N/A |
| WebEngage | Ankit Utreja, Avlesh Singh | Mumbai, Maharashtra | Technology (Analytics, Marketing, Marketing Automation) | Venture – Series Unknown | N/A |
| Cashify | Amit Sethi, Mandeep Manocha, Nakul Kumar | Gurgaon, Haryana | E-Commerce(Online Resale of Used Consumer Gadgets) | Debt Financing | N/A |
| Awaaz De | Neil Patel, Tapan Parikh | Ahmadabad, Gujarat | Technology (Internet, Social Entrepreneurship, Telecommunications) | Angel | N/A |
| Holachef | Anil Gelra, Gaurav Srivastava, Saurabh Saxena | Mumbai, Maharashtra | Food & Beverages (Online food Delivery, Food Processing) | Venture – Series Unknown | 311,200 |
| IMAX Program | Naveen Mandava, Varun Kumar | Hyderabad, Andhra Pradesh | EdTech (Education and Information Services) | Grant | 13,500,000 |
| Littlemore | Padmanabhan Anand , Srikanth Ganesan, Tathagata Guha Roy | Singapore & Chennai | EdTech (Online Education) | Private Equity | 3,000,000 |
| MoneyOnMobile | Jolly Mathur, Rajat Sharma, Ranjeet Oak, Shshank Joshi | Mumbai, Maharashtra | E-Commerce (Financial Services, Mobile Payments) | Post-IPO Equity | 5,000,000 |
| Infibeam | Sachin Dalal | Ahmedabad, Gujarat | E-Commerce | Post-IPO Equity | 6,230,000 |
| Happay | Anshul Rai, Varun Rathi | Whitefield, Karnataka | FinTech (Financial Services, SaaS, Software) | Series B | 250,000 |
| Shirsa Labs | Sukhada Tendulkar | Mumbai, Maharashtra | EdTech (Education, Gaming, training) | Seed | 500,000 |
| PetSutra | Amol Sharma | Gurgaon, Haryana | Consumer Internet (Online Pet Care Products) | Seed | 148,434 |
| Fincash | Gaurav Perti, Pawan Kumar | Mumbai, Maharashtra | Finance (Wealth Management) | Seed | 150,000 |
| Aye Finance | Sanjay Sharma, Vikram Jetley | Gurgaon, Haryana | Finance (Online Lending) | Debt Financing | 3,800,000 |
| Udaan | Amod Malviya, Sujeet kumar, Vaibhav Gupta | Bangalore, Karnataka | E-Commerce (B2B, Business Development, Marketplace) | Series B | 50,000,000 |
| Capillary Technologies | Ajay Modani, Aneesh Reddy, Krishna Mehra | Singapore & Bengalore | IT (Analytics, SaaS, Enterprise Software) | Series D | 20,000,000 |
| The Healthy Billions | Akansh Khurana, Gagandeep Singh | Gurgaon, Haryana | Healthcare & Fitness | Venture – Series Unknown) | 2,100,000 |
| Agricxlab | Ritesh Dhoot, Saurabh Kumar | Thane, Maharashtra | Agritech | Seed | 500,000 |
| Avishkaar Box | Swati Gupta, Tarun Bhalla | Delhi | EdTech (Education, Parenting) | Seed | 772,500 |
| Lollypop | Anil Reddy | Bangalore, Karnataka | Technology (Product and Web Design) | Angel | N/A |
| Trilyo | Abhishek Moharana, Gaurav Gambhir | Bangalore, Karnataka | Technology (AI driven Voice & Chat based services in Hospitality Industry) | Venture – Series Unknown | 250,000 |
| Credy | Harshit Vaishnav, Pratish Gandhi | Bangalore, Karnataka | FinTech (Financial Services & Lending) | Seed | 1,400,000 |
| Gaana | New Delhi | Technology (Music Streaming, Online Portal) | Corporate Round | 115,000,000 | |
| Karma Healthcare | Jagdeep Gambhir | Udaipur, Rajasthan | Healthcare (Technology enabled equitable healthcare for India) | Venture – Series Unknown | 500,000 |
January, 2018
| Company Name | Founders | Location | Industry | Funding Type | Funding Amount ($) |
| Browserstack | Nakul Aggarwal and Ritesh Arora | Mumbai, Maharashtra | Technology (Browser Testing) | Series A | 50 Million |
| Razorpay
|
Harshil Mathur and Shashank Kumar | Bangalore, Karnataka | Technology (Payment Gateway) | Series B | 20 Million |
| EarlySalary | Akshay Mehrotra | Pune, Maharashtra | Finance (Online Lending) | Series B | 15.7 Million |
| WOTU | Dhruv Sawhney | Bangalore, Karnataka | E-Commerce(Food & Beverages) | Seed | Not Available (N/A) |
| DAAKI | Amit Dabas | Bangalore, Karnataka | E-Commerce(Sports Nutrition Supplement) | Angel | N/A |
| Tapzo | Ankur Singla, Avinash Vankadaru, Vishal Pal Chaudhary, and Vishrut Chalsani | New Delhi | Technology (Personal assistant) | Venture – Series Unknown | 1,930,000 |
| Appario Retail Pvt Ltd. | Amazon-Patni JV (joint venture) | Delhi | E-Commerce (Retail) | Venture – Series Unknown | 18,840,000 |
| Samunnati | Anil Kumar | Chennai, Tamil Nadu | Finance (Agricultural Loan) | Venture – Series Unknown | 23,500,000 |
| Kuants | Ayush Gangwar and Mohit bansal | Gurgaon | Technology (Algorithmic trading) | Seed | 80,000 |
| Pi Ventures | Manish Singhal and Umakant Soni | Bangalore, Karnataka | Finance (Venture Capital) | Seed | 25,000,000 |
| Rubix108 Technologies | Anmol Chhoriya, Manish Harodia, Rahul Kankaria | Pune, Maharashtra | Technology (Education) | Seed | 1,000,000 |
| Newgen Software | Diwakar Nigam, T.S. Varadarajan | New Delhi | Technology (IT) | Venture – Series Unknown | 20,000,000 |
| ShareChat | Ankush Sachdeva, Bhanu Singh, Farid Ahsan | Bangalore, Karnataka | Technology(Internet, Mobile Apps, Social network) | Series B | 18,200,000 |
| HungerBox | Sandipan Mitra | Bangalore, Karnataka | Consumer Internet (Food & Beverages) | Seed | 2,500,000 |
| Skillate | Anand Kumar, Bipul Vaibhav, Kumar Sambhav | Bangalore, Karnataka | Technology(Artificial Intelligence, Human Resource, Saas) | Venture (Series Unknown) | N/A |
| OptaCredit | Kumar Srivatsan, Sriram Chandramouli | Chennai, tamil Nadu | Finance (AI-Powered Online Lending) | Debt Financing | 4,000,000 |
| AEON Learning | Karthik KS, Vikalp Jain | Bangalore, Karnataka | Technology (E-Learning) | Series B | 3,200,000 |
| Milkbasket | Anant Goel, Anurag Jain, Ashish Goel, Ekwe Chiwundu Charles, Yatish Talavdia | Haryana | E-Commerce (Food & Beverages) | Series A | 3,000,000 |
| NeoGrowth Credit | Dhruv Khaitan, Piyush Khaitan | Mumbai, Maharashtra | Finance (Digital Lending) | Venture – Series Unknown | 47,000,000 |
| Rao IIT Academy | B.V. Rao | Mumbai, Maharashtra | Education (Coaching Services) | Debt Financing | 8,600,000 |
| Aye Finance | Sanjay Sharma, Vikram Jetley | Gurgaon, Haryana | Finance (Online Lending) | Series C | 6,240,000 |
| Glassic | Kailash & Devesh Nichani | Bangalore, Karnataka | E-Commerce (Eyewear) | Seed | N/A |
| GreyAtom | Mayuresh Shilotri, Mitul Thakkar, Shweta Parekh Doshi | Mumbai, Maharashtra | Technology (Education) | Seed | 1,000,000 |
| Axio | Mayuresh Shilotri, Mitul Thakkar, Shweta Parekh Doshi | Mumbai, Maharashtra | Healthcare | Seed | 7,400,000 |
| Faclon Labs | Archit Naraniwal, Rishi Sharma, Utkarsh Srivastava | Mumbai, Maharashtra | Technology | Seed | N/A |
| eKincare | Dinesh Koka, Kiran Kalakuntla, Srikanth Samudrala | Hyderabad, Telangana | Healthcare | Series A | 1,500,000 |
| The Wedding Brigade | Sanna Vohra | Mumbai, Maharashtra | E-Commerce (Internet, Wedding) | Venture – Series Unknown | 1,000,000 |
| PeeSafe | Srijana Bagaria, Vikas Bagaria | Gurgaon, Haryana | Healthcare (Hygiene) | Venture – Series Unknown | 1,000,000 |
| MoneyOnMobile | Jolly Mathur, Rajat Sharma, Ranjeet Oak, Shashank Joshi | Mumbai, Maharashtra | Fintech (Mobile Payment Platform) |
Post-IPO Equity | 7,600,000 |
| CollPoll | Hemant Sahal | Bangalore, Karnataka | EdTech | Seed | N/A |
| CureFit | Ankit Nagori, Mukesh Bansal | Bangalore, Karnataka | Fitness & Healthcare | Venture – Series Unknown | 10,000,000 |
| CorporatEdge | Mona Shukla | Gurgaon, Haryana | Real Estate | Venture – Series Unknown | N/A |
| Scapic | Ajay Ponna Venkatesh , Sai Krishna V K | Bangalore, Karnataka | Technology (Cloud Computing, SaaS, Software) | Seed | 500,000 |
| iNurture | Ashwin Ajila, R Lakshminarayanan | Bangalore, Karnataka | Technology (Education solutions) | Series C | 4,400,000 |
| Planys Technologies | Tanuj Jhunjhunwala, Vineet Upadhyay | Chennai, Tamil Nadu | Technology (Manufacturing, Robotics, Oil & gas) | Series A | 2225000 |
| Chrysalis | Chitra Ravi | Chennai, Tamil Nadu | Education | Seed | N/A |
| Wealthtrust | Jasmin Gohil, Nisarg Gandhi | Mumbai, Maharashtra | Finance (Wealth Management Application) | Seed | 500,000 |
| Axio Biosolutions | Leo Mavely | Bangalore, Karnataka | Healthcare (Medical Device R&D and Manufacturing) | Series B | 7,400,000 |
| ZiffyHomes | Salil Agarwal, Sanchal Ranjan, Saurabh Kumar | New Delhi | Technology (Marketplace for Rental Property) | Angel | 313,503 |
| Vivish Technologies (myGate) | Vijay Arisetty & Shreyans Daga | Bangalore, Karnataka | Security management solution | Venture – Series Unknown | 2500000 |
| Spoofin | Siddhant Sahni | Mumbai, Maharashtra | Technology (Social Networking App) | Venture | N/A |
| Awign | Annanya Sarthak, Praveen Sah | Bangalore, Karnataka | Technology (Operations and manpower outsourcing) | Seed | 78,3000 |
Image Credit: Ccilf.pt