Tracxn - India Tech Monthly Funding Report

TRACXN MONTHLY REPORT
JUNE 2023
FIN TECH

India Tech - June 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
2
Fin Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 15
Top Funded Business Models - last 1 year 17
New Analyst Picks 18
Acquisitions 25
Recent News 27

Fin Tech Snapshot – June 2023
Fin Tech: Snapshot – June 2023
Note : "Investors" refers to "Institutional Investors" only
3
$403M
19
Overall Geo Stats
20
11
156
76
82
Funding Rounds $ Invested Analyst Picks
Recykal Upgraded
to SOONICORN
New Investors
CommsCredible
Radical Ventures
Series A+ rounds Active Investors IPOs Acquisitions
NestAway
TechBiz
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Bengaluru
(23 Rounds, $136M)
Mumbai
(17 Rounds, $55.7M)
Delhi NCR
(15 Rounds, $151M)
Delhi
(7 Rounds, $106M)
$100M - Series J
Lenskart (2010, Delhi, $1.7B)
$36M - Series B
Pixxel (2018, Bengaluru, $97.1M)
$35.2M - Series E
Indifi (2015, Gurgaon, $124M)
$30M - Series D
HealthifyMe (2012, Singapore, $130M)
100X.VC
(4 Investments)
ah! Ventures
(3 Investments)
Avaana Capital Advisors
(2 Investments)
Anicut Capital
(2 Investments)
Fashion Tech
Lenskart
Alternative Lending
Indifi
NewSpace
Pixxel
Data as a Service
Satyukt
Market Size
Companies Covered 114,404
Funded Companies 12,404
Total Funding $157B
Funding in last 12 months $12.6B
Top Exits
IPOs 203
Acquisitions 1,472
Company Stage
Unicorns 89
Soonicorns 322
Minicorns 1,087
Editor Picks 7,022
Series A+ 2,136
Series C+ 487
Acqui-Hires 120
Deadpooled 28,935
Top Cities
Bengaluru (7,160 Rounds, $71.3B)
Delhi NCR (5,346 Rounds, $40.6B)
Top Investors
LetsVenture (380 Investments)
AngelList (362 Investments)

Investment Snapshot
Investment Snapshot of Fin Tech as of June 2023
Fin Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (June 2023)*
Lenskart
(2010, Delhi, $1.7B)
$100M - Series J ChrysCapital
Pixxel
(2018, Bengaluru, $97.1M)
$36.0M - Series B Google
Indifi
(2015, Gurgaon, $124M)
$35.2M - Series E ICICI Venture
HealthifyMe
(2012, Singapore, $130M)
$30.0M - Series D LeapFrog
Lentra
(2018, Pune, $104M)
$27.0M - Series B Dharana Capital
Everest Fleet
(2016, Mumbai, $28.3M)
$20.0M - Series B Uber
Pregna
(1991, Mumbai, $16.0M)
$16.0M - Series B InvAscent
River
$15.0M - Series B Al-Futtaim
Billion
(2020, , $10.1M)
$10.0M - Seed
DIGANTARA
$10.0M - Series A Peak XV Partners
HomeLane
(2014, Bengaluru, $132M)
$9.1M - Series F
*Shows only the lead Investors

List of Funding Rounds (1/10)
List of Funding Rounds in Fin Tech in June 2023
Fin Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$9.1M - Series F
HomeLane (2014, Bengaluru, $132.1M)
Online platform providing interior design solutions
$30.0M - Series D
HealthifyMe (2012, Singapore, $130.3M)
Online fitness and health management platform
LeapFrog, Khosla Ventures, Finnfund, Van Lanschot
Kempen, HealthQuad, and 3 more
$35.2M - Series E
Indifi (2015, Gurgaon, $124.2M)
Provider of business term loans
ICICI Venture, Omidyar Network India, Flourish, OP
Finnfund Global Impact Fund I, CX Partners, and 1
more
LATE STAGE
$100.0M - Series J
Lenskart (2010, Delhi, $1.7B)
Online retailer offering eyewear for men, women, and
kids
ChrysCapital
EARLY STAGE
$2.2M - Series A
Watch Your India (2015, Thane, $2.2M)
Preventive healthcare platform offering diagnostic test
and doctor consultation
$3.5M - Series A
Unnati (2017, Noida, $13.9M)
Provider of technological services for farmers
NABVENTURES, Orios Venture Partners, Incofin
Investment Management
$4.0M - Series A
Proklean Technologies (2012, Chennai, $9.8M)
Manufacturer of cleaning agents based on probiotic
technology
Raintree

6
EARLY STAGE
$4.7M - Series A
Basic Home Loan (2020, Gurgaon, $8.7M)
Provider of an online lending platform for home loans
Dexter Angels, IIM Indore Alumni Fund,
CommsCredible, Gruhas, Venture Catalysts, and 1
more
$7.3M - Series B
ideaForge (2007, Mumbai, $47.2M)
Manufacturer of drones for defense and industrial
applications
Tata AIG General Insurance, 360 One, Motilal Oswal
Asset Management Company, Think Investments
$10.0M - Series A
DIGANTARA (2018, Bengaluru, $12.5M)
Provider of space debris tracking and monitoring
services
Peak XV Partners, Kalaari Capital, Global Brain, Campus
Fund
EARLY STAGE
$15.0M - Series B
River (2020, Bengaluru, $28.0M)
Manufacturer of electric two-wheelers
Al-Futtaim, Toyota Ventures, Trucks Venture Capital,
Maniv Mobility, Lowercarbon Capital
$16.0M - Series B
Pregna (1991, Mumbai, $16.0M)
Manufacturers of hormonal contraceptive and
intrauterine devices
InvAscent
$20.0M - Series B
Everest Fleet (2016, Mumbai, $28.3M)
Car Fleet management and service provider
Uber
EARLY STAGE
$27.0M - Series B
Lentra (2018, Pune, $103.6M)
Provider of AI-enabled loan life cycle management
solutions for banks and lenders
Dharana Capital, MUFG
$36.0M - Series B
Pixxel (2018, Bengaluru, $97.1M)
Developer of satellite-based Earth imaging solutions
Google, Blume, Lightspeed Venture Partners, Athera,
Spartan Group, and 7 more
Series B
PolicyBoss (2012, Mumbai, $10.6M)
Online platform for insurance comparison
India SME Investments, TPG, Madhav Mirani, Jitendra
Gupta, Sanjay Thakker

7
EARLY STAGE
Series B
Wellthy Therapeutics (2015, Mumbai, $8.8M)
Provider of a health monitoring app for chronic health
patients and providers
Beyond Next Ventures
Series A
Thriwe (2011, Delhi, $5.3M)
Provider of loyalty management solutions
Almutlaq
Series A
Karma Healthcare (2014, Udaipur, $1.7M)
Developer of an online platform for primary health
services remotely
Innospark, 1Crowd, Innovative Directions, Social
Innovation Circle, Aanshi Healthserv, and 1 more
SEED STAGE
$60.0K - Seed
Talam (2021, Chennai, $60.0K)
Online marketplace platform offering multi-category
grocery products
$85.9K - Angel
Spice Story (2019, Mumbai, $717.0K)
Online platform offering a variety of chutneys
Namita Thapar
$150.0K - Angel
Yearbook Canvas (2018, Jodhpur, $451.0K)
Online platform to create and publish yearbooks
Narendra Kale, Vijay Talele, C E Potnis, Ripunjay Bararia
SEED STAGE
$160.0K - Seed
Wyse (2021, Bengaluru, $160.0K)
Community-driven social platform for professionals
100X.VC
$160.0K - Seed
Xetgo (2020, Bengaluru, $160.0K)
Provider of SaaS-enabled supply chain software for
managing the packaging industry
100X.VC
$185.0K - Seed
Rannkly (2019, Noida, $185.0K)
Cloud based reputation management software solution
provider
100X.VC, Riziliant

8
SEED STAGE
$200.0K - Seed
iDesign.Market (2022, Delhi, $200.0K)
Provider of SaaS-based project management solutions
for the construction sector
Jaipur Rugs
$200.0K - Seed
Qlan (2021, Mumbai, $200.0K)
AI-based social networking tool for gamers
Marwah Sports, CIIE, Faad Network
$243.8K - Seed
UtsavApp (2021, Kolkata, $243.8K)
Pandal listing app
India Quotient
SEED STAGE
$250.0K - Seed
P3C (2019, Gurgaon, $250.0K)
Provider of solar modules that contain perovskite
structured compounds
Thermit
$364.0K - Seed
Kyte Energy (2017, Nashik, $364.0K)
Developer of electric scooters
ah! Ventures, Soonicorn Ventures
$400.0K - Seed
Habile Technologies (2008, Chennai, $400.0K)
Software solutions for the banking and financial
services industry
Upekkha, Kube VC, Ramanathan R V
SEED STAGE
$426.6K - Seed
SafEarth (2018, Ranchi, $426.6K)
Provider of a marketplace that connects solar installers
to customers
Anthill, Third Derivative, Mumbai Angels
$487.1K - Seed
Revoh (2017, Chennai, $637.1K)
Tech-enabled end-to-end hardware and software
solutions for electric vehicles
Whiteboard Capital, Nexzu Technologies
$545.9K - Seed
Buyofuel (2019, Coimbatore, $2.3M)
Web-based platform for biofuel marketplace
Recur

9
SEED STAGE
$575.3K - Seed
Attron Automotive (2021, Pune, $575.3K)
Manufacturer of electric motorcycles
Anicut Capital, Pontaq, Venture Catalysts
$605.6K - Seed
82VOLT (2022, Bengaluru, $605.6K)
EV technology company offering energy conversion
and storage solutions
$750.0K - Seed
Arena Fit (2014, Mumbai, $750.0K)
Online sports facility booking marketplace
Hawks Ventures, Elysian Park, CourtsideVC, WISE
Ventures, Club Sports Group, and 1 more
SEED STAGE
$877.7K - Seed
Reloy (2015, Mumbai, $1.7M)
Platform offering online CRM software for real estate
professionals
BlueLotus, DGC Venture
$889.0K - Seed
EVOLVED (2020, Bengaluru, $889.0K)
Platform offering plant-based meat and protein
alternative
Rainmatter Technology, Anvitha Prashanth, Aprameya
Radhakrishna, Rachel Goenka, Karan Khetarpal, and 3
more
$970.5K - Seed
Berrylush (2015, Noida, $970.5K)
Internet-first brand offering multi-category fashion
products
Klub
SEED STAGE
$1.0M - Seed
TransBnk (2022, New Delhi, $1.0M)
Online platform offering AI-enabled loan transaction
banking services
8i Ventures, Leadway Venture, M2P Fintech,
GrowthCap Ventures, Growth Sense, and 1 more
$1.0M - Seed
Tummoc (2016, Bengaluru, $1.5M)
App-based platform offering real-time transit
information & journey planning solutions
IPV
$1.2M - Seed
Satyukt (2018, Bengaluru, $1.7M)
Data and analytics solutions for earth observations
NABVENTURES

10
SEED STAGE
$1.5M - Seed
Koparo Clean (2020, Delhi, $2.3M)
Internet first brand offering multi-category home and
beauty products
Saama Capital, DSG Consumer Partners, M Venture
Partners, Fluid Ventures, Rajesh Sawhney, and 2 more
$1.5M - Seed
Volt (2022, Bengaluru, $2.3M)
Online platform offering loans against mutual fund
holdings for consumers
Titan Capital, All In Capital, Ashish Kehair, Rahul Jain
$1.5M - Seed
Navadhan Capital (2019, Mumbai, $2.9M)
Online platform offering diversified financial services
related to digital lending
Varanium, Anicut Capital, Gemba Capital
SEED STAGE
$1.6M - Seed
TaxNodes (2022, Ahmedabad, $1.6M)
Online platform for cryptocurrency tax management
solutions
Rahul Pagidipati, Nischal Shetty, Ashish Singhal, Ajeet
Khurana
$1.6M - Seed
Zippee (2021, New Delhi, $1.6M)
Same-day delivery platform for D2C brands
Haldiram, FounderBank Capital, Piper Serica, Ashneer
Grover, Kunal Shah, and 3 more
$1.8M - Seed
Crib (2021, Delhi, $2.2M)
Tech-enabled property management solution provider
We Founder Circle, Rebright Partners, Faad Network,
Sigurd Ventures, Beej Network, and 10 more
SEED STAGE
$1.8M - Seed
The Yarn Bazaar (2019, Bengaluru, $2.0M)
Online B2B marketplace platform offering yarns
Rajiv Dadlani Group, Equanimity Investments, Ritesh
Malik, Aakrit Vaish, Sumeet Srivastava, and 6 more
$2.0M - Seed
Sentra.world (2023, Bengaluru, $2.0M)
SaaS platform powering ESG for industrial businesses
Avaana Capital Advisors, Golden Sparrow, RPG
Ventures
$2.0M - Seed
Raising Superstars (2017, Mumbai, $2.2M)
Mobile-based platform providing parenting solution
BLinC

11
SEED STAGE
$2.0M - Seed
Starya (2018, Bengaluru, $2.7M)
Developer of electric conversion kit for motorcycles
EXEDY, ah! Ventures
$2.0M - Seed
Mainstreet (2017, Mumbai, $2.1M)
Online marketplace offering multi-category fashion
products
Gruhas, Sujeet Kumar, Deepinder Goyal, Nikhil Kamath
$2.0M - Seed
BluJ Aero (2022, Hyderabad, $2.0M)
Manufacturer of e-VTOL aircraft
Endiya Partners, Ideaspring Capital, Rainmatter
SEED STAGE
$2.0M - Seed
Mykare Health (2021, Ernakulam, $2.0M)
Provider of online appointment booking platform for
remote consultation with doctors
On Deck, Avaana Capital Advisors, Huddle, Endurance
Capital, FHealth Accelerator, and 15 more
$2.2M - Seed
HighXp (2021, Bengaluru, $2.2M)
Developer of mobile-based casual video games
3one4 Capital, Prime Venture Partners, Gemba Capital,
Anuj Tandon
$2.7M - Seed
TankhaPay (2022, Delhi, $2.7M)
Salary app that offers on demand pay with social
security benefit schemes
SEED STAGE
$3.5M - Seed
TradingLeagues (2022, Bengaluru, $3.5M)
Provider of gaming application for trading and
investing
Leo Capital, Jeejeebhoy Family Office, KPB Family Trust
$4.9M - Seed
Oben Electric (2020, Bengaluru, $11.9M)
Manufacturer of electric motorcycles
Stride Ventures, IREDA, Mumbai Angels, We Founder
Circle
$5.0M - Seed
HyugaLife (2022, Mumbai, $5.0M)
Provider of an e-commerce platform that sells
authentic health and wellness products
KL Rahul, Arihant Patni, Aman Tekriwal

12
SEED STAGE
$5.3M - Seed
KarmaLife (2020, Bengaluru, $9.0M)
Provider of subscription-based payday loans for blue-
collar workers
Artha Venture Fund, Krishna Bhupal’s Family Office,
Singularity Ventures, Netgraph Investment, Logx
Venture Partners, and 4 more
$5.3M - Seed
Evum (2019, Indore, $5.3M)
Internet first brand offering snacks and convenience
foods
UniCredit
$9.0M - Seed
Scapia (2022, Bengaluru, $9.0M)
Credit card for consumer payments
Matrix Partners India, Tanglin Venture Partners, 3 State
Ventures, Keki Mistry
SEED STAGE
$10.0M - Seed
Billion (2020, , $10.1M)
Online platform offering multi-category electric two-
wheeler rental services
Seed
YOLO (2022, Delhi)
Prepaid cards for teens and corporates
Shuru Up, Growth91
Angel
Tagz Foods (2019, Bengaluru, $3.1M)
Internet first brand offering snacks and food products
Shikhar Dhawan
SEED STAGE
Angel
Klassroom (2016, Mumbai, $1.1M)
Online platform for booking tuition, counselling &
education materials
Suniel Shetty
Seed
Damroo (2020, Mumbai)
App-based music streaming platform offering regional
music
Marwari Catalysts
Seed
Health Basix (2003, Coimbatore, $511.2K)
Mobile-based application for children health record
management
Callapina, Supermorpheus, SapphireInk, GSK Velu

13
SEED STAGE
Seed
FastBeetle (2018, Srinagar, $303.1K)
Offers door-to-door parcel and courier delivery
services
Seed
Skills Caravan (2022, Gurgaon)
Cloud-based LMS platform for multi-industry
Deep Bajaj
Seed
Myplan8 (2022, Mumbai)
Online platform offering carbon footprint solution
SEED STAGE
Seed
Urvann (2021, , $384.6K)
Online marketplace offering garden supplies
IPV
Seed
flutrr (2021, Kolkata)
Provider of a passion-based dating platform
The Times Of India
Seed
Cheerio (2020, Bengaluru)
Mobile-based social platform for connecting with like-
minded people
Vertoz
SEED STAGE
Seed
CyberWarFare Labs (2020, Bengaluru)
Platform offering cyber-security-related learning
solutions
Seed
Neuphony (2020, , $440.1K)
Provider of anxiety headband for mental health
monitoring
ah! Ventures
Seed
Tegro (2008, Pune)
Online marketplace for trading digital assets
Polygon Ventures

14
SEED STAGE
Seed
Class24 (2022, Jaipur)
Online learning platform for government job exam
preparation
Plutus Wealth Management, Arpit Khandelwal
Seed
Spicta (2022, Mumbai)
Company offering natural and organic oral care
products,
100X.VC
Seed
FINAYO (2022, Gurgaon, $65.6K)
AI and SaaS-enabled lending-as-a-service platform
iAngels

New Investors (1/2)
List of New Investors in Fin Tech in June 2023
Fin Tech: List of New Investors
15
Investor Company Info Round Amount Round Name
CommsCredible
1 portfolio companies | Provider of content marketing, branding, crisis
management, and PR services
Basic Home Loan
Provider of an online lending platform for home loans
$4.70M Series A
Radical Ventures
44 portfolio companies | Venture capital firm focused on AI-driven companies
Pixxel
Developer of satellite-based Earth imaging solutions
$36.00M Series B
Krishna Bhupal’s Family Office
1 portfolio companies | Venture capital firm focused on multiple sectors
KarmaLife
Provider of subscription-based payday loans for blue-collar workers
$5.34M Seed
Mastermind JPIN
1 portfolio companies | Private equity firm focused on small and medium-sized
businesses
UFaber
Online platform offering diversified educational solutions for learners
and teachers
$3.02M Series A
DGC Venture
2 portfolio companies | Venture capital fund investing in early-stage climate
tech startups
Reloy
Platform offering online CRM software for real estate professionals
$878K Seed
Beej Network
1 portfolio companies | Provider of financial funding & assistance services for
investment industry
Crib
$1.83M Seed
GSR Ventures
98 portfolio companies | Venture capital fund focused on tech startups
Infinite Uptime
Provider of a vibration monitoring solution for the manufacturing
industry
$18.85M Series B
Powerhouse Capital
15 portfolio companies | Venture capital fund investing in media & tech sectors
Arena Fit
Online sports facility booking marketplace
$750K Seed
Transition VC
2 portfolio companies | Venture capital fund focused on energy transition
EMO Energy
Developer of lithium batteries for electric vehicles
$1.20M Seed
Lesing Nine
1 portfolio companies | Venture capital firm focused on multiple sectors
Ace Turtle Services
Provider of app-based omnichannel logistics solutions for e-commerce
and retail businesses
$34.00M Series B

New Investors (2/2)
List of New Investors in Fin Tech in June 2023
Fin Tech: List of New Investors
16
Investor Company Info Round Amount Round Name
Maniv Mobility
47 portfolio companies | Early-stage tech and offline focused VC firm investing
in Israel and the US
River
$15.00M Series B
Trucks Venture Capital
44 portfolio companies | Tech and energy focused venture capital firm funding
companies in the US and Asia
River
$15.00M Series B
BIKAJI
2 portfolio companies | Brand of extruded snacks
Ripplr
Provider of AI-based logistics and distribution platform
$28.00M Series B
slice
2 portfolio companies | Credit cards for consumers
TransBnk
Online platform offering AI-enabled loan transaction banking services
$1.00M Seed
Sony
15 portfolio companies | Brand of electronic video game products and devices
NODWIN Gaming
Online Esports gaming organization
$28.00M Series C
DeVC India
3 portfolio companies | Provider of security services
Solar Ladder
Provider of solar sales and design software solutions
$1.34M Seed
Piper Serica
4 portfolio companies | Private equity fund focused on multiple sectors
Zippee
$1.60M Seed
Force Ventures
2 portfolio companies | Venture capital fund investing in multiple sectors
PYOR
Online platform for web3 analysis tools
$4.00M Seed
Capital A
2 portfolio companies | Provider of travel agency services
Leumas
Platform offering on-demand production services for beauty businesses
$851K Seed
Delta Corp
3 portfolio companies | Gaming & hospitality firm
Zyngo
Offers last-mile delivery solutions through a fleet of electric vehicles
$5.00M Seed

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
17
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲1 Online Test Preparation Courses $950M 4 BYJU'S | $700M | Series G
2 ▲18 Internet First Eyewear Brands $656M 5 Lenskart | $500M | Series J
3 ▲3 Electric Scooter Manufacturers $481M 16 Ola Electric | $350M | Series D
4 ▲64 Internet First Personal Loans Marketplace $275M 4 KreditBee | $120M | Series D
5 ▲54 Online Insurance Comparison Platforms $259M 5 InsuranceDekho | $150M | Series A
6 ▲215 Online Supplement Stores $214M 10 HealthKart | $135M | Series H
7 ▲73 College Education Loans Platforms $158M 3 Avanse | $96.8M | Series C
8 ▲11 Internet First Business Loans Marketplace $152M 4 Mintifi | $110M | Series D
9 -- Electric Rickshaw Manufacturers $151M 3 TI Clean Mobi.. | $145M | Series D
10 -- Consumer and SME Loans $146M 4 Avanse | $96.8M | Series C

New Analyst Picks (1/7)
Interesting Companies identified by Analysts in Fin Tech in June 2023
Fin Tech: Analyst Picks
18
Upgraded to SOONICORN
Recykal (2017, Hyderabad, $7.4M, Series A)
Online platform offering marketplace solutions for
waste
Morgan Stanley, Circulate Capital, Vellayan Subbiah
and 31 other Investors
Upgraded to MINICORN
Thriwe (2011, Delhi, $542K, Angel)
Provider of loyalty management solutions
Almutlaq, Volvie, Vikul Chander and 18 other Investors
Proklean Technologies (2012, Chennai, $4.0M,
Series A)
Manufacturer of cleaning agents based on probiotic
technology
Raintree, Caspian, Siana Capital and 52 other Investors
Sentra.world (2023, Bengaluru, $2.0M, Seed)
SaaS platform powering ESG for industrial businesses
Avaana Capital Advisors,RPG Ventures,Golden
Sparrowand
TradingLeagues (2022, Bengaluru, $3.5M, Seed)
Provider of gaming application for trading and
investing
Leo Capital,Jeejeebhoy Family Office,KPB Family
Trustand
TransBnk (2022, New Delhi, $1.0M, Seed)
Online platform offering AI-enabled loan transaction
banking services
8i Ventures, GrowthCap Ventures, Leadway Venture
and 3 other Investors
Mainstreet (2017, Mumbai, $2.0M, Seed)
Online marketplace offering multi-category fashion
products
Gruhas, Sujeet Kumar, Deepinder Goyal and 8 other
Investors
Zippee (2021, New Delhi, $1.6M, Seed)
Haldiram, FounderBank Capital, Piper Serica and 5
other Investors
Billion (2020, , $10.0M, Seed)
Online platform offering multi-category electric two-
wheeler rental services
Visun Solutions, Jainder Nath Joginder Nath Chopra,
Karan Harish Goshar and 6 other Investors

19
Added to Editor's Pick
Banyan Nation (2013, Hyderabad, $50.0K, Grant
(prize money))
Provides plastics recycling solutions helps global
brands use more recycled plastic instead of virgin
plastic.
USAID, National Portal of India, Innovate for Digital
India and 6 other Investors
Freightwalla (2016, Mumbai, Undisclosed, Venture
Debt)
Provides businesses with an online platform to
streamline global logistics operations
BlackSoil, Amplo, FJ Labs and 8 other Investors
The Yarn Bazaar (2019, Bengaluru, $1.8M, Seed)
Online B2B marketplace platform offering yarns
Rajiv Dadlani Group, Equanimity Investments, Ritesh
Malik and 21 other Investors
Multipl (2020, Bengaluru, $3.0M, Seed)
Online platform for making investments in multiple
assets
Blume, GrowX Ventures, Kotak Securities and 44 other
Zerocircle (2020, Gurgaon, $75.0K, Grant (prize
money))
Provider of carbon-neutral solutions for ambitious
brands
Peak XV Partners, , Rainmatter Technology and 6 other
Investors
Scapia (2022, Bengaluru, $9.0M, Seed)
Credit card for consumer payments
Matrix Partners India, Tanglin Venture Partners, Keki
Mistry and 1 other Investors
Crib (2021, Delhi, $1.8M, Seed)
We Founder Circle, Rebright Partners, Imperier
Holdings and 34 other Investors
Srichakra Polyplast (2010, Hyderabad, $2.5M,
Series A)
Provides end-to-end recycling and plastic waste
management solutions.
Circulate Capital, Ocean Fund India Holding, Nadella
PolicyBoss (2012, Mumbai, Undisclosed, Series B)
Online platform for insurance comparison
India SME Investments, TPG, Madhav Mirani and 2
other Investors
Navadhan Capital (2019, Mumbai, $1.5M, Seed)
Online platform offering diversified financial services
related to digital lending
Varanium, Anicut Capital, Gemba Capital and 19 other
Investors
Wise (2021, Bengaluru, $5.0M, Series A)
SaaS-based teaching management software solutions
for educators
James Beshara, Weekend Fund, Shrug Capital and 6
other Investors
Food Darzee (2017, Mumbai, Unfunded)
Provider of expert-led personalized nutritional meals

20
Habile Technologies (2008, Chennai, $400K, Seed)
Software solutions for the banking and financial
services industry
Upekkha,Kube VC,Ramanathan R Vand
HyugaLife (2022, Mumbai, $5.0M, Seed)
Provider of an e-commerce platform that sells
authentic health and wellness products
KL Rahul, Arihant Patni, Aman Tekriwal and 1 other
Investors
LongShot (2017, Mumbai, Undisclosed, Seed)
Cloud based consumer insights solution provider
Upekkha, South Handlooms, Venkatesan Vellore
Srinivasan and 3 other Investors
Urvann (2021, , Undisclosed, Seed)
Online marketplace offering garden supplies
IPV, Hanuman Agro Industries, Shakun Advisors and 28
other Investors
Rannkly (2019, Noida, $185K, Seed)
Cloud based reputation management software solution
provider
100X.VC,Riziliantand
Class24 (2022, Jaipur, Undisclosed, Seed)
Online learning platform for government job exam
preparation
Plutus Wealth Management,Arpit Khandelwaland
Tummoc (2016, Bengaluru, $1.0M, Seed)
App-based platform offering real-time transit
information & journey planning solutions
IPV, Vineet Singh, Krishna D and 3 other Investors
Volt (2022, Bengaluru, $1.5M, Seed)
Online platform offering loans against mutual fund
holdings for consumers
Titan Capital, All In Capital, Ashish Kehair and 7 other
Investors
Zeliot (2018, Bengaluru, Undisclosed, Seed)
Connected mobility platform for telematics and other
sectors
Boschand
SourcePro (1992, Ahmedabad, $397K, Unattributed)
Cloud and on premises ERP software and solution for
multi industries
Tridhya Tech, Shaligram Infotech, Positive Moves and 2
other Investors
Nutrizoe (2019, Mumbai, $150K, Seed)
Internet-first brand offering snacks for lactating
mothers
AngelBay, Y Meera Reddy, Raj Kumar Adhya and 42
other Investors
Store My Goods (2020, Noida, $1.0M, Seed)
Provider of logistics and storage services
JITO Incubation & Innovation Foundation, Goodwater
Capital, Gajendra Kumar Jangid and 8 other Investors

21
TaxNodes (2022, Ahmedabad, $1.6M, Seed)
Online platform for cryptocurrency tax management
solutions
Rahul Pagidipati, Nischal Shetty, Ashish Singhal and 1
other Investors
Juno (2021, Gurgaon, $1.6M, Series A)
Platform providing sales-related learning solutions
Startup Techies, Info Edge, Varun Shoor and 5 other
Investors
Assistive (2006, Gurgaon, Unfunded)
Platform offering CRM software for enterprises
Sketchub (2020, Delhi, Unfunded)
Platform for sharing programming creations
Finkeda (2019, Delhi, Unfunded)
Agent-enabled money transfer and bill payment
solutions
Acadly (2013, Jaipur, $59.5K, Angel)
Cloud-based classroom management
Adhip Sacheti, Mridul Barsaiyan, Prabhakar Venkata
Tadinada and 6 other Investors
BluJ Aero (2022, Hyderabad, $2.0M, Seed)
Manufacturer of e-VTOL aircraft
Endiya Partners,Ideaspring Capital,Rainmatterand
ECW (2017, Bengaluru, $24.4K, Angel)
Online lending marketplace for vehicle loans
Raheela Haq, Rasnal Ali, Abdul Jabbar Cheeroth
Kurungote and 46 other Investors
ffreedom App (2020, Bengaluru, Unfunded)
Online platform offering diversified courses for
professionals
Hourly Rooms (2021, Mumbai, Unfunded)
Online hourly-based hotel accommodation booking
platform
VIZSTORE (2020, Mumbai, Unfunded)
Provider of a product visualization platform
Success Gyan (2012, Chennai, Unfunded)
Online platform offering learning solutions for personal
and professional development

22
earKART (2021, Noida, $523K, Angel)
Provider of smart hearing solutions for hearing loss
patients
Agility Ventures, Blume Ventures, Lata Garg and 35
other Investors
Xuriti (2022, Bengaluru, $544K, Seed)
Provider of lending as a service solution
PointOne Capital, Vimuras Family Private Trust,
Cogniphy and 3 other Investors
DotSignage (2018, Ahmedabad, Unfunded)
Cloud based digital signage software
Vidura Digital Learning (2020, Hyderabad, $148K,
Angel)
Online platform offering multi-disciplinary learning
solutions for students
Vishnu Vardhan Reddyand
Ancora (2018, Gurgaon, $405K, Seed)
Provider of employee rewards and engagement
management solutions
Mistry Ventures, Varun Kejriwal, Sanjaya Gupta and 3
other Investors
Speed Kitchen (2020, Delhi, Undisclosed, Seed)
Operator of shared kitchen space
IPVand
Vasaas (2020, Bengaluru, $45.3K, Seed)
Online marketplace offering multi-category designer
fashion products
IVY Growth Associates, Illuminati Clan, Ekta Jain and 1
other Investors
88 Pictures (2016, Mumbai, $119K, Seed)
Provider of animation solutions for the media industry
Vakrangeeand
ShowMyBook (2020, Jalore, Unfunded)
Online marketplace for used books
VUSport (2021, Gurgaon, Unfunded)
Sports analytics, streaming, and content platform
Urban AI (2019, Bengaluru, $100K, Seed)
Developer of AI-based video analysis for road safety
Upekkhaand
ISAK (2017, Lucknow, $25.3K, Seed)
Internet first brand offering organic perfumes
Culture Cap,Peyush Bansaland

23
ShipEase (2020, Haryana, $550K, Conventional Debt)
Platform offering shipping solution for businesses
Recurand
Mool (2020, Gurugram, Unfunded)
App-based platform offering automated investment
solutions
Grroom (2019, Mumbai, Unfunded)
AI-based fashion and styling portal
Dachier (2021, Bhubaneswar, $54.5K, Angel)
Fashion tech company providing personalized and
customized tailoring services
Pragyan Dash,Birendra Sahooand
Fitshot (2022, Delhi, Unfunded)
Internet first brand offering smartwatches
Snoodify (2023, Delhi, Unfunded)
Online product aggregator platform for multi-category
products
Chidiyaa (2015, Gurgaon, Unfunded)
Private label of ethnic handcrafted apparels for women
Shoplyguys (2022, Mumbai, Unfunded)
Online store offering multi-category fashion apparel
Zillion (2011, Gurgaon, Unfunded)
Online platform offering rewards on multi-category
products
AutoProctor (2020, Bengaluru, Unfunded)
SaaS-driven online test proctoring solutions
mydayONE (2020, Mumbai, Unfunded)
Provider of onboarding, continuous learning, and off
boarding software with talent analytics and learning
management
TeslaVolts (2022, Gandhinagar, Unfunded)
Provider of electric vehicle charging station
management software

24
Indievibe (2022, Bengaluru, Unfunded)
B2B marketplace platform offering handcrafted
products
Little Rituals (2021, Rajkot, Unfunded)
Internet first brand offering organic skincare products
for babies
Gaadi Bazaar (2017, Chennai, Unfunded)
Online platform for buying and selling new and used
vehicles
IorTa (2017, Mumbai, Unfunded)
Lead management platform for businesses
Educlouds (2020, Noida, Unfunded)
Provider of a school management system and learning
management system for educational institutes
ProcEzy (2022, Bengaluru, Unfunded)
B2B marketplace and social commerce platform
Faith and Patience (2019, Jaipur, Unfunded)
Brand offering beauty and cosmetic products

Acquisitions (1/2)
List of Acquisitions in Fin Tech in June 2023
Fin Tech: Acquisitions
25
Acq. Date Company Acquirer Deal Size
02 Jun 2023
NestAway(2015, Bengaluru, $115.0M)
Online marketplace to book rental properties
Aurum House $11.0M
07 Jun 2023
TechBiz(2021, Pune, $0.1M)
App-based platform for debt collection management
CredFlow
08 Jun 2023
ValueFirst(2003, Gurgaon, $21.8M)
Digital engagement technologies and services
Tanla Platforms $42.0M
13 Jun 2023
Ustraa(2003, Delhi)
Internet first brand offering men's grooming products
VLCC Health Care
17 Jun 2023
Trainman(2014, Gurgaon, $1.1M)
App-based platform to check PNR status & view railway
information
Adani Group
18 Jun 2023
Xylem Learning(2020, Kozhikode)
Mobile & AI-based platform providing entrance exam preparation
solutions
PhysicsWallah $61.0M
19 Jun 2023
Veeksha(2021, Ahmedabad)
E-learning app offering learning solutions for students for school
curriculum
Adda247
21 Jun 2023
Scenes(2021, Bengaluru, $0.1M)
Cloud based community engagement platform offering event
management solutions
Graphy
26 Jun 2023
OK Listen(2012, Mumbai)
Online music streaming platform and music store
AWAL
29 Jun 2023
DUMS(2019, Chennai, $4.3M)
Manufacturer of drone systems for multiple applications
Coromandel International $24.9M

Acquisitions (2/2)
List of Acquisitions in Fin Tech in June 2023
Fin Tech: Acquisitions
26
Acq. Date Company Acquirer Deal Size
30 Jun 2023
ManMech Smart Solutions(2020, Thiruvananthapuram)
Provider of IT service suite solutions

Recent News (1/2)
Recent News in Fin Tech in June 2023
Fin Tech:News
27
Exit News
.
● Blindsided PGA Tour players want answers over merger with LIV GolfReuters
.
● Aurum PropTech approves acquisition of up to 100% stake in NestAway
Indiatimes
.
● IdeaForge Technology completes pre-IPO round at ₹2,500 crore valuation;
check details Livemint
.
● Byju’s to launch Aakash’s IPO in 12 monthsEntrackr
.
● Cyient DLM IPO to open on June 27 Livemint
.
● Google-backed Adda247 acquires Veeksha for 3D learning experiences Tech in
Asia
.
● Physics Wallah enters into strategic partnership with Xylem Moneycontrol
.
● Tanla to buy ValueFirst Digital Media for ₹346 cr Business Line
.
Fund News
.
● SaaS-focused BoldCap launches $25M Fund II YourStory Media
● Philippines VC firm Kaya raises $12m across two funds Asian Venture Capital Journal
.
● Recharge Capital launches $200M women’s healthcare fund TechNode
.
● London VC firm RTP Global closes $1B fund to invest in seed, Series A rounds
in innovative startups Tech Funding News
.
People News
.
● Byju's employees asked to resign voluntarily as company begins silent layoffs
to save costs India Today
.
● Top Indian Startup Byju's Battles Auditor Criticism, Board Exits India Web Portal
.
● More than 2,000 staff redundant as delivery firm Tuffnells collapses London
Evening Standard
.
● Byju's Crisis: Peak XV Partners' GV Ravishankar, Prosus' Russel Dreisenstock
officially step down Livemint
.
● Short video app Chingari lays off 20% of workforce amid restructuring Business
Standard
.
● Layoff of 170 employees at Mojocare raise questions of misconduct. People
Matters

Recent News (2/2)
Recent News in Fin Tech in June 2023
Fin Tech:News
28
● Partners Group-backed Ecom Express hires Bharti Airtel exec as CEO VCCircle
.
● Cleartrip appoints Ganesh Ramaswamy as Chief Product and Technology
Officer BW Businessworld
.
Company News
.
● OYO, the leading hospitality chain in South East Asia, is now in Exotic Vietnam
OYO
.
● Edutech | Avidii, a Switzerland based edtech platform begins operations in
IndiaThe Telegraph
.
● OYO - the World’s Fastest-Growing Young Hotel Startup, checks into Dallas,
Texas OYO
.
● Amagi Expands Its European Operations To Meet Growing DemandPR Newswire
.
● upGrad enters Pacific Region to set up the largest Institute of Medical Sciences
PR Newswire
.
● Plum enters baby care segment with launch of ‘Baby Plum’Fashion Network
.
● Bhopal based EV Startup Enigma Expands International, Launches Its 1st
Showroom in Nepal, Targets 15 in Next 2... IndianWeb2

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