Here's a detailed analysis of top Business Models in rebrand.ly/4uoywqg Get these reports of any geography delivered to your mailbox for free! Subscribe

1. TRACXN TOP BUSINESS MODELS REPORT
June 07, 2021
INDIA TECH

2. India Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
IndiaIndia Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. India Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Funding in last 1 year
3
K-12 EdTech $2.6B
Food Tech $2.2B
Payments $2.1B
Vernacular Platforms $1.5B
Social Platforms $952M
Sports Tech $818M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
AngelList
Venture Catalysts
52
51
48
Early
Stage
Sequoia Capital
AngelList
Accel
14
13
11
Late
Stage
Tiger Global Management
Sequoia Capital
Accel
27
22
11
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
BYJU'S
(2011, Bangalore)
$1.1B - Series H
Swiggy
(2014, Bangalore)
$800M - Series J
PhonePe
(2012, Bangalore)
$700M -
Unattributed
Zomato
(2008, Gurgaon)
$660M - Series J
ShareChat
(2015, Bangalore)
$502M - Series E
BYJU'S
(2011, Bangalore)
$501M - Series H
Dream11
(2008, Mumbai)
$400M - Series F
Meesho
(2015, Bangalore)
$300M - Series E
Pine Labs
(1998, Noida)
$285M - Series D
Delhivery
(2011, Gurgaon)
$277M - Series H
Zomato
(2008, Gurgaon)
$252M - Series J
Freshworks
(2010, Chennai)
$250M - Series I
Bangalore (52%)
Gurgaon (15%)
Mumbai (12%)
Delhi (5%)
Noida (4%)
Others (11%)

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲2 Online Test Preparation Courses $2.2B 12 BYJU'S | $1.1B | Series H Link
2▲4 Food Ordering Platforms $2.1B 6 Swiggy | $800M | Series J Link
3▲22 Vernacular Social Networking Platforms $843M 5 ShareChat | $502M | Series E Link
4▲288 Fantasy Sports Platforms $817M 11 Dream11 | $400M | Series F Link
5-- Card Linked Digital Wallets $700M 1 PhonePe | $700M | Unattributed Link
6▲7 Own Fleet E-commerce Delivery $409M 7 Delhivery | $277M | Series H Link
7▲34
Vernacular Platforms > News Aggregators > Textual
Content > Curated Content
$342M 3 DailyHunt | $207M | Series H Link
8▲21 POS Payment Terminals $326M 2 Pine Labs | $285M | Series D Link
9▲33 Long form News Aggregators $307M 2 DailyHunt | $207M | Series H Link
10▲23 Business Payments Solutions $300M 7 Razorpay | $160M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▼2 Healthcare Booking Platforms $299M 11 PharmEasy | $163M | Series D Link
12▲8 Credit Card Bill Payments $296M 2 CRED | $215M | Series D Link
13▲3 Multi-Industry CRM $282M 2 Freshworks | $250M | Series I Link
14▲358 Online Professional Courses $271M 10 upGrad | $120M | Series D Link
15▲31 Core Banking Platforms $250M 3 Zeta | $250M | Series C Link
16▼1 Customer Service Software $250M 1 Freshworks | $250M | Series I Link
17<> 0 Marketing Software Suite $250M 1 Freshworks | $250M | Series I Link
18<> 0 Customer Success Management $250M 1 Freshworks | $250M | Series I Link
19▲28 Internet First Employee Benefits Cards $250M 1 Zeta | $250M | Series C Link
20-- Datacenter Colocation $235M 2 NXTRA DATA | $235M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲10 Online Consumer Services Providers $225M 1 Urban Company | $225M | Series F Link
22▼8 Insurance Comparison Platforms $224M 7 Policybazaar | $75.0M | Series F Link
23▲51 Real Money eSports Gaming Platforms $219M 14 MPL | $95.0M | Series D Link
24▲90 Mutual Funds Investment Platforms $206M 6 Computer Age.. | $90.6M | Series A Link
25▲2 Second Hand Car C2B Platform $204M 1 CARS24 | $204M | Series E Link
26▼22 Internet First Personal Loans Marketplace $199M 7 KreditBee | $75.0M | Series C Link
27▲137 Subscription Accounting $180M 2 Chargebee | $125M | Series G Link
28▲107 Salon Management Software $160M 2 Zenoti | $160M | Series D Link
29▲62 Contract Manufacturer Marketplace $154M 3 Zetwerk | $120M | Series D Link
30▲56 Online B2C Meat Retailer $152M 4 FreshToHome F.. | $121M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Big Data Analytics for Healthcare $150M 1 Axtria | $150M | Series D Link
32-- Regulatory Information Management $150M 1 Axtria | $150M | Series D Link
33▲33 Vernacular Lock Screen Content Providers $145M 1 Glance | $145M | Series B Link
34▲87 Construction Materials Procurement Software $121M 4 Infra.Market | $101M | Series C Link
35▲139 Social Deal Sharing Platforms $121M 2 DealShare | $100M | Series D Link
36▲77 Parcel Delivery Management $119M 3 FarEye | $100M | Series E Link
37-- Professional Training Centers $113M 1 Eruditus | $113M | Series D Link
38▲37 Internet First Working Capital Loans Marketplaces $110M 2 OfBusiness | $110M | Series D Link
39▼1 Healthcare IT > Horizontal > Suite Solutions $105M 2 Indegene | $200M | PE Link
40▲33 Sales Training Platforms $101M 2 MindTickle | $100M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Conversation AI Platforms $100M 1 Gupshup | $100M | Series F Link
42-- Customer Communication Management $100M 1 Gupshup | $100M | Series F Link
43▼15 Online Test Preparation Tutoring $100M 1 Vedantu | $100M | Series D Link
44-- Conversational AI Development $100M 1 Gupshup | $100M | Series F Link
45▼40 Online Eyewear Retailer $95.0M 1 Lenskart | $95.0M | Series G Link
46▼27 QR Code Payments $90.1M 1 BharatPe | $90.1M | Series D Link
47▲281 Tech Enabled End to End Home Interior Designers $90.0M 2 LivSpace | $90.0M | Series D Link
48▲14 Hyperlocal Delivery Services $75.6M 3 Dunzo | $40.0M | Series E Link
49▲14 Hyperlocal Delivery $75.6M 6 Dunzo | $40.0M | Series E Link
50▲4 Asset Light E-commerce Delivery $75.1M 2 Elastic Run | $75.0M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Courses - India
01
9
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$2.2B (▲169%)
12(▲9.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$4.1B
27
-
285
4
Test Preparation Tech (Toppr)
(# Cos: 1298 | $4.5B)
Digital Learning (BYJU'S)
(# Cos: 1176 | $4.5B)
Diversified (Vedantu)
(# Cos: 330 | $4.3B)
Self-Paced (Unacademy)
(# Cos: 285 | $4.1B)
Unacademy
(2015, Bangalore, $441M)
BYJU'S
(2011, Bangalore, $3.4B)
Toppr
(2013, Mumbai, $107M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BYJU'S (2011, Bangalore)
$1.1B - Series H - Mar 2021
BYJU'S (2011, Bangalore)
$501M - Series H - Sep 2020
BYJU'S (2011, Bangalore)
$200M - Series H - Nov 2020
Unacademy (2015, Bangalore)
$154M - Series F - Sep 2020
BYJU'S (2011, Bangalore)
$122M - Series G - Aug 2020
Unacademy (2015, Bangalore)
$86.3M - Series F - Nov 2020
Toppr (2013, Mumbai)
$46.9M - Series D - Jul 2020
View all 12 Funding Rounds on Tracxn Platform

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - India
02
10
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$2.1B (▲570%)
6(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$4.6B
15
-
281
2
Food Tech (cure.fit)
(# Cos: 2064 | $6.1B)
Food Discovery and Ordering (Foodpanda India)
(# Cos: 914 | $4.7B)
Restaurant Aggregator (Zomato)
(# Cos: 431 | $4.7B)
Platform Delivered (Swiggy)
(# Cos: 281 | $4.6B)
Swiggy
(2014, Bangalore, $2.4B)
Zomato
(2008, Gurgaon, $2.1B)
Foodpanda India
(2012, Delhi, $23.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Swiggy (2014, Bangalore)
$800M - Series J - Apr 2021
Zomato (2008, Gurgaon)
$660M - Series J - Dec 2020
Zomato (2008, Gurgaon)
$252M - Series J - Feb 2021
Zomato (2008, Gurgaon)
$195M - Series J - Nov 2020
Zomato (2008, Gurgaon)
$166M - Series J - Aug 2020
Zomato (2008, Gurgaon)
$24.6M - Series J - Aug 2020

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
ShareChat (2015, Bangalore)
$502M - Series E - Apr 2021
ShareChat (2015, Bangalore)
$225M - Series E - Mar 2021
Public (2018, Delhi)
$41.0M - Series C - Mar 2021
ShareChat (2015, Bangalore)
$40.0M - Series D - Jul 2020
Public (2018, Delhi)
$35.0M - Series C - Sep 2020
Vernacular Social Networking Platforms
- India
03
11
Back to index
Vernacular Platforms (Glance)
(# Cos: 174 | $2.8B)
Social Media Platforms (Koo App)
(# Cos: 25 | $1.2B)
Social Networks (ShareChat)
(# Cos: 7 | $1.1B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$843M (▲743%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
4
-
7
4
ShareChat
(2015, Bangalore, $990M)
Healofy
(2016, Bangalore, $9.5M)
Josh
(2020, Bangalore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Fantasy Sports Platforms - India
04
12
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$817M (▲ >10K%)
11(▲175%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.0B
11
-
70
4
Sports Tech (Sports Flashes)
(# Cos: 862 | $1.2B)
Fantasy Sports (HalaPlay)
(# Cos: 268 | $1.0B)
Online Platforms (MPL)
(# Cos: 246 | $1.0B)
Multi Sports (Dream11)
(# Cos: 70 | $1.0B)
Dream11
(2008, Mumbai, $785M)
MPL
(2018, Bangalore, $236M)
HalaPlay
(2016, Bangalore, $8.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dream11 (2008, Mumbai)
$400M - Series F - Mar 2021
Dream11 (2008, Mumbai)
$225M - Series E - Sep 2020
MPL (2018, Bangalore)
$95.0M - Series D - Feb 2021
MPL (2018, Bangalore)
$90.0M - Series C - Sep 2020
PlayerzPot (2014, Mumbai)
$3.0M - Series A - Nov 2020
Rage Fan (2021)
$1.6M - Seed - Mar 2021
HalaPlay (2016, Bangalore)
$1.2M - Angel - May 2021
View all 11 Funding Rounds on Tracxn Platform

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Card Linked Digital Wallets - India
05
13
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$700M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$701M
3
-
26
1
Payments (Razorpay)
(# Cos: 1218 | $11.7B)
Consumer Payments (CRED)
(# Cos: 538 | $8.5B)
Wallets (MobiKwik)
(# Cos: 172 | $7.4B)
Card Linked (PhonePe)
(# Cos: 26 | $701M)
PhonePe
(2012, Bangalore, $701M)
tmw
(2015, Mumbai)
Google Pay App
(2018, Mohali)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PhonePe (2012, Bangalore)
$700M - Unattributed - Dec 2020

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Own Fleet E-commerce Delivery - India
06
14
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$409M (▲154%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.7B
16
1
42
5
Logistics Tech (Shadowfax)
(# Cos: 2468 | $3.9B)
Ecommerce Logistics (LetsTransport)
(# Cos: 200 | $2.1B)
End to End Delivery Services
(XpressBees)
(# Cos: 50 | $1.9B)
Own Fleet (Delhivery)
(# Cos: 42 | $1.7B)
Delhivery
(2011, Gurgaon, $1.2B)
XpressBees
(2015, Pune, $176M)
Ecom Express
(2012, Delhi, $237M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Delhivery (2011, Gurgaon)
$277M - Series H - May 2021
XpressBees (2015, Pune)
$110M - Series E - Nov 2020
Ecom Express (2012, Delhi)
$20.0M - Series C - Mar 2021
WareIQ (2019, Bangalore)
$1.6M - Seed - Oct 2020
WareIQ (2019, Bangalore)
$150K - Seed - Aug 2020
Ecom Express (2012, Delhi)
Undisclosed - Series C - Dec 2020
Browntape (2012, Porvorim)
Undisclosed - Series B - Mar 2021

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Vernacular Platforms > News Aggregators > Textual Content
> Curated Content - India
07
15
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$342M (▲415%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$656M
7
-
32
2
Vernacular Platforms (Glance)
(# Cos: 174 | $2.8B)
News Aggregators (NewsDog)
(# Cos: 44 | $656M)
Textual Content (DailyHunt)
(# Cos: 40 | $656M)
Curated Content (InShorts)
(# Cos: 32 | $656M)
InShorts
(2013, Delhi, $64.4M)
DailyHunt
(2007, Bangalore, $540M)
NewsDog
(2016, Delhi, $50.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
DailyHunt (2007, Bangalore)
$207M - Series H - Jan 2021
DailyHunt (2007, Bangalore)
$100M - Series G - Nov 2020
InShorts (2013, Delhi)
$35.0M - Series C - Sep 2020

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
POS Payment Terminals - India
08
16
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$326M (▲261%)
2(▼60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$853M
16
-
65
6
Payments (PhonePe)
(# Cos: 1218 | $11.7B)
Business Payments (Razorpay)
(# Cos: 608 | $2.9B)
POS Payments (Innoviti)
(# Cos: 94 | $857M)
POS Payment Terminal (Pine Labs)
(# Cos: 65 | $853M)
Pine Labs
(1998, Noida, $683M)
Innoviti
(2008, Bangalore, $30.2M)
Ezetap
(2011, Bangalore, $51.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pine Labs (1998, Noida)
$285M - Series D - May 2021
Pine Labs (1998, Noida)
$41.0M - Series D - Dec 2020

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Long form News Aggregators - India
09
17
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$307M (▲362%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$590M
5
-
69
1
Internet First Media (YourStory Media)
(# Cos: 1911 | $919M)
News Portals (Lokal)
(# Cos: 903 | $690M)
Aggregators (InShorts)
(# Cos: 173 | $659M)
Long Stories (DailyHunt)
(# Cos: 69 | $590M)
DailyHunt
(2007, Bangalore, $540M)
NewsDog
(2016, Delhi, $50.0M)
Fatafat Samachar
(2016, Noida)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
DailyHunt (2007, Bangalore)
$207M - Series H - Jan 2021
DailyHunt (2007, Bangalore)
$100M - Series G - Nov 2020

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Razorpay (2014, Bangalore)
$160M - Series E - Apr 2021
Razorpay (2014, Bangalore)
$100M - Series D - Oct 2020
Cashfree (2015, Bangalore)
$35.3M - Series B - Nov 2020
Easebuzz (2016, Pune)
$4.0M - Seed - Mar 2021
Swipez (2014, Pune)
$200K - Seed - Dec 2020
Spice Money (2018, Noida)
$11.8K - Series B - Dec 2020
Instamojo (2012, Bangalore)
Undisclosed - Series B - Nov 2020
Business Payments Solutions - India
10
18
Back to index
Payments (PhonePe)
(# Cos: 1218 | $11.7B)
Business Payments (Pine Labs)
(# Cos: 608 | $2.9B)
Diversified (Razorpay)
(# Cos: 57 | $1.1B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$300M (▲274%)
7(▲133%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.1B
20
1
57
10
Razorpay
(2014, Bangalore, $367M)
Cashfree
(2015, Bangalore, $42.0M)
Mswipe
(2011, Mumbai, $105M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Healthcare Booking Platforms - India
11
19
Back to index
Healthcare Booking Platforms (1mg)
(# Cos: 2917 | $2.5B)
Diversified (PharmEasy)
(# Cos: 317 | $1.1B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$299M (▲14.3%)
11(▲10%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$1.1B
35
1
317
6
PharmEasy
(2015, Mumbai, $552M)
1mg
(2015, Gurgaon, $156M)
Mfine
(2017, Bangalore, $43.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PharmEasy (2015, Mumbai)
$163M - Series D - Apr 2021
PharmEasy (2015, Mumbai)
$66.4M - Series D - Feb 2021
Practo (2008, Bangalore)
$32.0M - Series D - Aug 2020
1mg (2015, Gurgaon)
$14.9M - Series D - Mar 2021
Mfine (2017, Bangalore)
$14.0M - Series B - Jan 2021
Mfine (2017, Bangalore)
$5.3M - Series B - Aug 2020
Meddo (2018, Gurgaon)
$3.0M - Seed - Dec 2020
View all 11 Funding Rounds on Tracxn Platform

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Credit Card Bill Payments - India
12
20
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$296M (▲147%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$452M
2
-
4
1
Payments (Razorpay)
(# Cos: 1218 | $11.7B)
Consumer Payments (PhonePe)
(# Cos: 538 | $8.5B)
Vertical Payments (Niki)
(# Cos: 303 | $467M)
Bill Payments (Walnut)
(# Cos: 272 | $462M)
Credit Cards (CRED)
(# Cos: 4 | $452M)
CRED
(2018, Bangalore, $443M)
Walnut
(2014, Pune, $8.9M)
Wizi
(2020, Chennai)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CRED (2018, Bangalore)
$215M - Series D - Apr 2021
CRED (2018, Bangalore)
$81.1M - Series C - Nov 2020

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Multi-Industry CRM - India
13
21
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$282M (▲88%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$718M
9
-
162
2
Sales Force Automation (MindTickle)
(# Cos: 1151 | $1.0B)
CRM (CRMNEXT)
(# Cos: 548 | $747M)
Enterprise Suite (LeadSquared)
(# Cos: 320 | $742M)
Multi-Industry (Freshworks)
(# Cos: 162 | $718M)
Freshworks
(2010, Chennai, $649M)
LeadSquared
(2011, Bangalore, $37.7M)
BeatRoute
(2014, Gurgaon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Freshworks (2010, Chennai)
$250M - Series I - Jun 2020
LeadSquared (2011, Bangalore)
$32.0M - Series B - Dec 2020

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Professional Courses - India
14
22
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$271M (▲ >10K%)
10(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$350M
44
-
464
4
Continued Learning (Great Learning)
(# Cos: 1950 | $613M)
Professional (Virohan)
(# Cos: 1379 | $565M)
Online Learning (Edureka)
(# Cos: 1352 | $564M)
Multi Disciplinary (Simplilearn)
(# Cos: 490 | $350M)
Online Courses (upGrad)
(# Cos: 464 | $350M)
upGrad
(2015, Mumbai, $269M)
Simplilearn
(2010, Bangalore, $34.4M)
Great Learning
(2013, Gurgaon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
upGrad (2015, Mumbai)
$120M - Series D - Apr 2021
upGrad (2015, Mumbai)
$109M - Series A - Apr 2021
upGrad (2015, Mumbai)
$40.0M - Series D - Apr 2021
LearnVern (2020, Ahmedabad)
$1.0M - Seed - Apr 2021
Imarticus (2012, Mumbai)
$546K - Series B - Oct 2020
Simplilearn (2010, Bangalore)
$530K - Series C - Jan 2021
QuestBook (2020, Bangalore)
$150K - Seed - Mar 2021
View all 10 Funding Rounds on Tracxn Platform

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Core Banking Platforms - India
15
23
Back to index
Banking Tech (Chqbook)
(# Cos: 510 | $1.3B)
Core Banking Platforms (Zeta)
(# Cos: 50 | $325M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$250M (▲317%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$325M
9
2
50
1
Zeta
(2015, Bangalore, $320M)
C-Edge Technologies
(2004, Mumbai)
Nucleus Software
(1986, Noida)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zeta (2015, Bangalore)
$250M - Series C - May 2021
Fego.ai (2020, Chennai)
$221K - Seed - Jul 2020
Fego.ai (2020, Chennai)
$200K - Seed - Mar 2021

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Customer Service Software - India
16
24
Back to index
Customer Service Software (Whatfix)
(# Cos: 479 | $961M)
Suite (Freshworks)
(# Cos: 15 | $673M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$250M (▲65%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$673M
4
-
15
2
Freshworks
(2010, Chennai, $649M)
[24]7.ai
(2000, Bangalore, $22.0M)
Phonon
(2006, Vadodara)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Freshworks (2010, Chennai)
$250M - Series I - Jun 2020

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Marketing Software Suite - India
17
25
Back to index
MarketingTech (Affle)
(# Cos: 2296 | $1.1B)
Suite (Freshworks)
(# Cos: 63 | $650M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$250M (▲66.7%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$650M
7
-
63
3
Freshworks
(2010, Chennai, $649M)
Zoho
(1996, Chennai)
Gamooga
(2011, Hyderabad, $110K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Freshworks (2010, Chennai)
$250M - Series I - Jun 2020

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Customer Success Management - India
18
26
Back to index
Customer Success Management (Gupshup)
(# Cos: 196 | $906M)
Suite (Freshworks)
(# Cos: 2 | $649M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$250M (▲66.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$649M
1
-
2
1
Freshworks
(2010, Chennai, $649M)
Cordlogue
(2020, Chennai)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Freshworks (2010, Chennai)
$250M - Series I - Jun 2020

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Employee Benefits Cards -
India
19
27
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$250M (▲317%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$320M
1
-
1
1
Payments (Razorpay)
(# Cos: 1218 | $11.7B)
Consumer Payments (PhonePe)
(# Cos: 538 | $8.5B)
Payment Cards (MoneyTap)
(# Cos: 58 | $467M)
Prepaid Cards (FamPay)
(# Cos: 37 | $375M)
Corporate Cards (Happay)
(# Cos: 6 | $339M)
Employee Benefits (Zeta)
(# Cos: 1 | $320M)
Zeta
(2015, Bangalore, $320M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zeta (2015, Bangalore)
$250M - Series C - May 2021

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
NXTRA DATA (2013, Delhi)
$235M - Series D - Jul 2020
ESDS (2005, Nashik)
$2.9M - Series A - Jun 2020
Datacenter Colocation - India
20
28
Back to index
Data Center Infrastructure (NxtGen Datacenter)
(# Cos: 45 | $405M)
Data Center Providers (ESDS)
(# Cos: 19 | $405M)
Colocation (Netmagic Solutions)
(# Cos: 18 | $405M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$235M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$405M
8
1
18
5
Netmagic Solutions
(1999, Mumbai, $48.6M)
ESDS
(2005, Nashik, $12.8M)
NxtGen Datacenter
(2012, Bangalore, $37.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Urban Company (2014, Gurgaon)
$225M - Series F - Apr 2021
Online Consumer Services Providers -
India
21
29
Back to index
Local Services (Dunzo)
(# Cos: 3443 | $1.5B)
Multi Services (Justdial)
(# Cos: 928 | $743M)
Own Fleet (Urban Company)
(# Cos: 35 | $472M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$225M (▲157%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$472M
5
-
35
2
Urban Company
(2014, Gurgaon, $440M)
Housejoy
(2014, Bangalore, $30.4M)
Lifeasy
(2016, Delhi, $185K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Policybazaar (2008, Gurgaon)
$75.0M - Series F - Mar 2021
Policybazaar (2008, Gurgaon)
$47.4M - Series F - Jul 2020
Turtlemint (2015, Mumbai)
$46.0M - Series D - Mar 2021
Turtlemint (2015, Mumbai)
$30.0M - Series D - Nov 2020
Turtlemint (2015, Mumbai)
$16.6M - Series C - Aug 2020
Symbo Insurance (2017, Mumbai)
$9.4M - Series A - Mar 2021
Policybazaar (2008, Gurgaon)
Undisclosed - Series F - Mar 2021
Insurance Comparison Platforms - India
22
30
Back to index
Internet First Insurance Platforms (Acko)
(# Cos: 208 | $1.4B)
Insurance Comparison Platforms (RenewBuy)
(# Cos: 136 | $901M)
Diversified (Policybazaar)
(# Cos: 112 | $866M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$224M (▲41%)
7(▲40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$866M
19
-
112
3
Policybazaar
(2008, Gurgaon, $637M)
Turtlemint
(2015, Mumbai, $130M)
Coverfox
(2013, Mumbai, $55.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Real Money eSports Gaming Platforms -
India
23
31
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$219M (▲431%)
14(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$337M
18
-
100
4
eSports (Nazara)
(# Cos: 182 | $506M)
eSports Platforms (Zupee)
(# Cos: 156 | $350M)
Competitive Gaming (WinZO)
(# Cos: 147 | $350M)
Real Money Gaming (MPL)
(# Cos: 100 | $337M)
MPL
(2018, Bangalore, $236M)
WinZO
(2016, Delhi, $27.7M)
Zupee
(2018, Gurgaon, $19.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MPL (2018, Bangalore)
$95.0M - Series D - Feb 2021
MPL (2018, Bangalore)
$90.0M - Series C - Sep 2020
WinZO (2016, Delhi)
$18.0M - Series B - Sep 2020
Zupee (2018, Gurgaon)
$10.0M - Series B - Jan 2021
WinZO (2016, Delhi)
$3.6M - Series B - Oct 2020
EWar (2019, Bangalore)
$514K - Seed - Dec 2020
MPL (2018, Bangalore)
$500K - Series D - Jan 2021
View all 14 Funding Rounds on Tracxn Platform

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Mutual Funds Investment Platforms -
India
24
32
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$206M (▲705%)
6( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$999M
19
1
107
6
Investment Tech (Smallcase)
(# Cos: 1503 | $1.5B)
Online Trading Platforms (Upstox)
(# Cos: 671 | $1.1B)
Public Market Funds (Computer Age
Management Services)
(# Cos: 109 | $999M)
Mutual Funds (Cleartax)
(# Cos: 107 | $999M)
Cleartax
(2011, Guwahati, $65.4M)
Computer Age Managemen..
(1988, Chennai, $727M)
Groww
(2017, Bangalore, $143M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Computer Age Manage.. (1988,
Chennai)
$90.6M - Series A - Sep 2020
Groww (2017, Bangalore)
$83.0M - Series D - Apr 2021
Groww (2017, Bangalore)
$30.0M - Series C - Sep 2020
Nivesh (2016, Noida)
$1.6M - Seed - May 2021
AssetPlus (2016, Chennai)
$471K - Angel - Oct 2020
Scripbox (2012, Bangalore)
$274K - Angel - Jan 2021

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Second Hand Car C2B Platform - India
25
33
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$204M (▲104%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$405M
1
-
1
1
Second Hand Goods (Spinny)
(# Cos: 429 | $2.1B)
Auto (CarDekho)
(# Cos: 88 | $1.6B)
Cars (CarTrade)
(# Cos: 56 | $1.5B)
C2B (CARS24)
(# Cos: 1 | $405M)
CARS24
(2015, Gurgaon, $405M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CARS24 (2015, Gurgaon)
$204M - Series E - Nov 2020

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Personal Loans
Marketplace - India
26
34
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$199M (▼55.3%)
7(▼12.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$794M
27
-
103
10
Alternative Lending (Kissht)
(# Cos: 926 | $3.6B)
Online Lenders (MoneyTap)
(# Cos: 630 | $3.2B)
Consumer Loans (Rupeek)
(# Cos: 358 | $1.5B)
Personal Loans (Money View)
(# Cos: 146 | $885M)
Marketplace (KreditBee)
(# Cos: 103 | $794M)
KreditBee
(2018, Bangalore, $204M)
Money View
(2014, Bangalore, $48.5M)
CASHe
(2016, Mumbai, $23.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
KreditBee (2018, Bangalore)
$75.0M - Series C - Feb 2021
KreditBee (2018, Bangalore)
$70.0M - Series C - Mar 2021
Stashfin (2016, Delhi)
$40.0M - Series B - Apr 2021
KreditBee (2018, Bangalore)
$8.2M - Series C - Jun 2021
MyShubhLife (2016, Bangalore)
$4.0M - Series A - Feb 2021
CASHe (2016, Mumbai)
$1.6M - Series A - Aug 2020
LendenClub (2014, Mumbai)
$204K - Seed - Dec 2020

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Subscription Accounting - India
27
35
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$180M (▲1186%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$232M
2
-
16
1
Finance & Accounting Tech (Cleartax)
(# Cos: 1185 | $675M)
Accounting Solutions (KhataBook)
(# Cos: 849 | $596M)
Quote to Cash (Priority Vendor)
(# Cos: 290 | $263M)
Subscription Accounting
(Chargebee)
(# Cos: 16 | $232M)
Chargebee
(2011, Chennai, $230M)
Magnaquest
(1997, Hyderabad, $1.5M)
Mobiezy
(2016, Bangalore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Chargebee (2011, Chennai)
$125M - Series G - Apr 2021
Chargebee (2011, Chennai)
$55.0M - Series F - Oct 2020

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Salon Management Software - India
28
36
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$160M (▲701%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$251M
2
-
45
1
SME Business Management Software (Spyne)
(# Cos: 223 | $252M)
Leisure (AdviceFit)
(# Cos: 120 | $251M)
Salon & Spa (MioSalon)
(# Cos: 53 | $251M)
Suite (Zenoti)
(# Cos: 45 | $251M)
Zenoti
(2010, Hyderabad, $251M)
MioSalon
(2016, Chennai)
Markmydiary
(2015, Pune)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zenoti (2010, Hyderabad)
$160M - Series D - Dec 2020
Glamplus (2020, Bangalore)
$274K - Seed - May 2021

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Contract Manufacturer Marketplace -
India
29
37
Back to index
Manufacturing Tech (L&T)
(# Cos: 339 | $532M)
Contract Manufacturer Marketplace (Zetwerk)
(# Cos: 10 | $197M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$154M (▲381%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$197M
3
-
10
2
Zetwerk
(2018, Bangalore, $194M)
VenWiz
(2020, Bangalore, $3.1M)
Schrocken
(2018, Hyderabad)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zetwerk (2018, Bangalore)
$120M - Series D - Feb 2021
Zetwerk (2018, Bangalore)
$31.0M - Series C - Jul 2020
VenWiz (2020, Bangalore)
$3.1M - Seed - Dec 2020

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online B2C Meat Retailer - India
30
38
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$152M (▲335%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$294M
8
-
103
4
Online Grocery (Grofers)
(# Cos: 2561 | $2.5B)
B2C Ecommerce (bigbasket)
(# Cos: 2326 | $2.0B)
Meat and Seafood (FreshToHome Foods)
(# Cos: 127 | $294M)
Retailer (TenderCuts)
(# Cos: 120 | $294M)
Meat (Licious)
(# Cos: 103 | $294M)
Licious
(2015, Bangalore, $94.5M)
TenderCuts
(2016, Chennai, $19.3M)
FreshToHome Foods
(2015, Bangalore, $169M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FreshToHome Foods (2015, Bangalore)
$121M - Series C - Oct 2020
FreshToHome Foods (2015, Bangalore)
$16.2M - Series B - Aug 2020
TenderCuts (2016, Chennai)
$15.0M - Series A - Feb 2021
FreshToHome Foods (2015, Bangalore)
Undisclosed - Series C - Dec 2020

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Axtria (2010, Haryana)
$150M - Series D - May 2021
Big Data Analytics for Healthcare - India
31
39
Back to index
Big Data Analytics (BRIDGEi2i)
(# Cos: 195 | $494M)
Industry Solutions (Simility)
(# Cos: 77 | $376M)
Healthcare (Axtria)
(# Cos: 3 | $209M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$150M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$209M
2
-
3
1
Axtria
(2010, Haryana, $209M)
Enlightiks
(2012, Bangalore)
B3-DS DIGITAL SOLUTIONS
(2015, Delhi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Axtria (2010, Haryana)
$150M - Series D - May 2021
Regulatory Information Management -
India
32
40
Back to index
Life Sciences Tech (CitiusTech)
(# Cos: 242 | $639M)
GRC Solutions (Agati Systems)
(# Cos: 10 | $209M)
Regulatory Information Management
(Axtria)
(# Cos: 1 | $209M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$150M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$209M
1
-
1
1
Axtria
(2010, Haryana, $209M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Glance (2017, Bangalore)
$145M - Series B - Dec 2020
Vernacular Lock Screen Content
Providers - India
33
41
Back to index
Vernacular Platforms (ShareChat)
(# Cos: 174 | $2.8B)
Utility Apps (Guruji)
(# Cos: 3 | $205M)
Lock Screen Content (Glance)
(# Cos: 1 | $190M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$145M (▲222%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$190M
1
-
1
1
Glance
(2017, Bangalore, $190M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Construction Materials Procurement
Software - India
34
42
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$121M (▲414%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$145M
2
-
3
1
Construction Tech (Brick&Bolt)
(# Cos: 405 | $209M)
Project Management (Arth Design Build)
(# Cos: 146 | $175M)
Pre-Construction (Smarter Dharma)
(# Cos: 18 | $145M)
Procurement (Infra.Market)
(# Cos: 3 | $145M)
Infra.Market
(2017, Thane, $145M)
Amplify Mart
(2019, Hyderabad)
Dryomix
(2018, Amravati)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Infra.Market (2017, Thane)
$101M - Series C - Feb 2021
Infra.Market (2017, Thane)
$20.0M - Series B - Dec 2020
Infra.Market (2017, Thane)
$678K - Series A - Sep 2020
Infra.Market (2017, Thane)
$250K - Series A - Jun 2020

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Social Deal Sharing Platforms - India
35
43
Back to index
Social Commerce (Meesho)
(# Cos: 104 | $792M)
Social Deal Sharing (DealShare)
(# Cos: 2 | $137M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$121M (▲897%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$137M
2
-
2
1
DealShare
(2018, Jaipur, $135M)
Rapidbox
(2017, Bangalore, $2.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
DealShare (2018, Jaipur)
$100M - Series D - Apr 2021
DealShare (2018, Jaipur)
$21.0M - Series C - Dec 2020

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Parcel Delivery Management - India
36
44
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$119M (▲364%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$162M
4
-
56
3
Logistics Tech (Delhivery)
(# Cos: 2468 | $3.9B)
Parcel (Shadowfax)
(# Cos: 789 | $578M)
Technology Enablers (Shipsy)
(# Cos: 58 | $162M)
Delivery Management (FarEye)
(# Cos: 56 | $162M)
FarEye
(2013, Noida, $153M)
Shipsy
(2015, Gurgaon, $7.9M)
Tookan
(2015, Chandigarh)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FarEye (2013, Noida)
$100M - Series E - May 2021
FarEye (2013, Noida)
$13.2M - Series D - Aug 2020
Shipsy (2015, Gurgaon)
$6.0M - Series A - Nov 2020

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Eruditus (2010, Mumbai)
$113M - Series D - Aug 2020
Professional Training Centers - India
37
45
Back to index
Continuing Education Chains (NIIT)
(# Cos: 439 | $241M)
Individuals (Virohan)
(# Cos: 297 | $199M)
Diversified (Eruditus)
(# Cos: 90 | $171M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$113M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$171M
4
-
90
2
Eruditus
(2010, Mumbai, $161M)
Edubridge Learning
(2009, Mumbai, $3.0M)
Miles Education
(2011, Mumbai)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Working Capital Loans
Marketplaces - India
38
46
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$110M (▲175%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$207M
5
-
13
2
Alternative Lending (KreditBee)
(# Cos: 926 | $3.6B)
Online Lenders (Rupeek)
(# Cos: 630 | $3.2B)
Business Loans (Indifi)
(# Cos: 150 | $1.2B)
Working Capital Loans (Lendingkart)
(# Cos: 18 | $457M)
Marketplace (OfBusiness)
(# Cos: 13 | $207M)
OfBusiness
(2015, Gurgaon, $200M)
Progcap
(2016, Delhi, $6.1M)
Aagey
(2017, Bangalore, $446K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OfBusiness (2015, Gurgaon)
$110M - Series D - Apr 2021
Progcap (2016, Delhi)
$143K - Series A - Jan 2021

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Indegene (1998, Ahmedabad)
$200M - PE - Feb 2021
Innovaccer (2014, Noida)
$105M - Series D - Feb 2021
Healthcare IT > Horizontal > Suite
Solutions - India
39
47
Back to index
Healthcare IT (DailyRounds)
(# Cos: 2178 | $1.3B)
Horizontal (CitiusTech)
(# Cos: 70 | $587M)
Suite Solutions (Innovaccer)
(# Cos: 21 | $582M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$105M (▲50%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$582M
7
-
21
2
Innovaccer
(2014, Noida, $228M)
CitiusTech
(2005, Mumbai, $112M)
Emids
(1999, Bangalore, $13.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
MindTickle (2011, Pune)
$100M - Series D - Nov 2020
enParadigm (2010, Mumbai)
$1.0M - Seed - Dec 2020
Sales Training Platforms - India
40
48
Back to index
Sales Force Automation (Freshworks)
(# Cos: 1151 | $1.0B)
Sales Enablement (Hippo Video)
(# Cos: 43 | $194M)
Training (MindTickle)
(# Cos: 11 | $185M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$101M (▲145%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$185M
5
-
11
1
MindTickle
(2011, Pune, $181M)
enParadigm
(2010, Mumbai, $2.2M)
Wag Mobile
(2011, Indore, $855K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Gupshup (2004, Mumbai)
$100M - Series F - Apr 2021
Conversation AI Platforms - India
41
49
Back to index
AI Infrastructure (HyperVerge)
(# Cos: 120 | $178M)
Natural Language Processing (Haptik)
(# Cos: 31 | $167M)
Conversational AI (Gupshup)
(# Cos: 13 | $162M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$100M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$162M
2
-
13
1
Gupshup
(2004, Mumbai, $150M)
Haptik
(2013, Mumbai, $12.2M)
GoVocal.AI
(2017, Delhi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Customer Communication Management
- India
42
50
Back to index
Customer Success Management (Freshworks)
(# Cos: 196 | $906M)
Customer Communication Management
(Gupshup)
(# Cos: 13 | $177M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$100M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$177M
3
2
13
1
Gupshup
(2004, Mumbai, $150M)
Newgen Software
(1992, Delhi, $27.4M)
Intense Technologies
(1990, Secunderabad)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gupshup (2004, Mumbai)
$100M - Series F - Apr 2021

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Tutoring - India
43
51
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$100M (▲7.9%)
1(▼80%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$232M
9
-
42
3
Test Preparation Tech (Toppr)
(# Cos: 1298 | $4.5B)
Digital Learning (BYJU'S)
(# Cos: 1176 | $4.5B)
Diversified (Unacademy)
(# Cos: 330 | $4.3B)
Instructor-Led (Vedantu)
(# Cos: 42 | $232M)
Vedantu
(2011, Bangalore, $206M)
GradeUp
(2015, Noida, $16.9M)
Meritnation
(2007, Delhi, $2.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vedantu (2011, Bangalore)
$100M - Series D - Jul 2020

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Gupshup (2004, Mumbai)
$100M - Series F - Apr 2021
Conversational AI Development - India
44
52
Back to index
Chatbots (Wysa)
(# Cos: 412 | $319M)
Chatbot Development (Yellow Messenger)
(# Cos: 59 | $175M)
Conversational AI Development
(Gupshup)
(# Cos: 55 | $174M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$100M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$174M
7
-
55
2
Gupshup
(2004, Mumbai, $150M)
Yellow Messenger
(2016, Bangalore, $24.1M)
Innoz
(2008, Bangalore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Eyewear Retailer - India
45
53
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$95.0M (▼71.2%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$573M
2
-
28
1
Fashion Tech (Zivame)
(# Cos: 3547 | $2.2B)
B2C Commerce (Myntra)
(# Cos: 3302 | $2.2B)
Accessories (CaratLane)
(# Cos: 767 | $837M)
Eyewear (ClearDekho)
(# Cos: 48 | $583M)
Inventory-led (Cool Winks)
(# Cos: 28 | $573M)
Retailer (Lenskart)
(# Cos: 28 | $573M)
Lenskart
(2010, Delhi, $573M)
Cool Winks
(2016, Gurgaon)
CrazySpects
(2012, Kolkata)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lenskart (2010, Delhi)
$95.0M - Series G - May 2021

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
BharatPe (2018, Bangalore)
$90.1M - Series D - Feb 2021
QR Code Payments - India
46
54
Back to index
Payments (PhonePe)
(# Cos: 1218 | $11.7B)
Business Payments (Razorpay)
(# Cos: 608 | $2.9B)
QR Code Payments (BharatPe)
(# Cos: 6 | $248M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$90.1M (▼27.9%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$248M
2
-
6
1
BharatPe
(2018, Bangalore, $247M)
Trupay
(2015, Gurgaon, $1.0M)
CU Pays
(2017, Mohali)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Tech Enabled End to End Home Interior
Designers - India
47
55
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$90.0M (▲2601%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$313M
7
-
29
4
Property Management Tech (MyGate)
(# Cos: 537 | $431M)
Home Improvement Services (Houzz India)
(# Cos: 156 | $323M)
Interior Design (HomeLane)
(# Cos: 99 | $320M)
Inhouse (LivSpace)
(# Cos: 29 | $313M)
LivSpace
(2015, Bangalore, $196M)
HomeLane
(2014, Bangalore, $67.5M)
Design Cafe
(2015, Bangalore, $34.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LivSpace (2015, Bangalore)
$90.0M - Series D - Sep 2020
HomeLane (2014, Bangalore)
$5.4M - Series D - Aug 2020

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Hyperlocal Delivery Services - India
48
56
Back to index
Local Services (Urban Company)
(# Cos: 3443 | $1.5B)
Concierge (Dunzo)
(# Cos: 53 | $161M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$75.6M (▲65.6%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$161M
5
-
53
1
Dunzo
(2014, Bangalore, $160M)
DoneThing
(2015, Gurgaon, $536K)
HelloGenie
(2015, Chennai, $273K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dunzo (2014, Bangalore)
$40.0M - Series E - Jan 2021
Dunzo (2014, Bangalore)
$31.8M - Series E - Aug 2020
Dunzo (2014, Bangalore)
$3.7M - Series E - Dec 2020

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Dunzo (2014, Bangalore)
$40.0M - Series E - Jan 2021
Dunzo (2014, Bangalore)
$31.8M - Series E - Aug 2020
Dunzo (2014, Bangalore)
$3.7M - Series E - Dec 2020
KiranaKart (2020, Mumbai)
$730K - Seed - Jan 2021
DeliveryTrack (2014, Gurgaon)
$206K - Angel - Jul 2020
KiranaKart (2020, Mumbai)
$125K - Seed - Nov 2020
Hyperlocal Delivery - India
49
57
Back to index
Logistics Tech (Delhivery)
(# Cos: 2468 | $3.9B)
Parcel (Dunzo)
(# Cos: 789 | $578M)
Hyperlocal Delivery (Shadowfax)
(# Cos: 622 | $404M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$75.6M (▲65.6%)
6(▼14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
16
$404M
44
-
622
2
Shadowfax
(2015, Bangalore, $101M)
Dunzo
(2014, Bangalore, $160M)
Foodpanda India
(2012, Delhi, $23.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Asset Light E-commerce Delivery - India
50
58
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$75.1M (▲38%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$152M
3
-
7
2
Logistics Tech (Shadowfax)
(# Cos: 2468 | $3.9B)
Ecommerce Logistics (XpressBees)
(# Cos: 200 | $2.1B)
End to End Delivery Services (Delhivery)
(# Cos: 50 | $1.9B)
Asset Light (Elastic Run)
(# Cos: 7 | $152M)
Elastic Run
(2016, Pune, $131M)
Load Share
(2017, Bangalore, $21.0M)
Dropshop Network
(2019, Bangalore, $492K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Elastic Run (2016, Pune)
$75.0M - Series D - Apr 2021
Load Share (2017, Bangalore)
$123K - Series B - Mar 2021

59. India Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent funding rounds
Investment Trends
Most Active Investors
Top Funded Business Models
Explore more on Tracxn
All Tech Companies
India Tech Companies
Online Travel Companies
Companies using AI in Healthcare
Companies founded by Stanford GSB Alumni
Soonicorn club in Fintech
Analyst Picks in India Tech
Key News in FinTech
Events in United States
Angel Investors in India
Bluebox
Companies Investment Activity
Miscellaneous
Company Detail Page of Unacademy
Competitors of upGrad
Cap Table for ToneTag
Financials for Ola
Employee Count for Revolut
Company Due Diligence Exits
Public Companies
Acquired Companies
Most Active Acquirers
Reports
Delhivery - Company Report
Novel Foods - Business Model Report
HRTech - Feed Report
FinTech - Top Business Models Report
US Tech - Top Business Models Report
US Tech - Monthly Report
59

60. India Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore other Reports on Tracxn
HRTech
InsurTech
Food Tech
Novel Foods
Blockchain Network
P2P Remittance
Business Model Reports
FinTech - India
HealthTech - India
HiTech - India
Feed Geo Reports
Company Reports
Monthly Unicorn Report
Unicorn Reports
Transferwise
Coursera
BigBasket
Feed Reports Top Business Models in PA
FinTech
Enterprise Applications
Artificial Intelligence
Geo Monthly Reports
US Tech
Europe Tech
China Tech
Top Business Models in Geo
India Tech
Israel Tech
UK & Ireland Tech
60

61. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech - Top Business Models Report
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or
sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any
portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the
Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com