Indian startups

This week (May 31- June 05), Indian startups raised funding of about US$462 million. 36 Indian startups raised funding week this, of which Delhivery raised the highest, with the total summing up to about US$275 million, followed by Locus that raised US$50 million.

Below here, summarizes the closed deals this week by the Indian startups.

Delhivery: 

Amount Raised: US$275 million

Transaction type: Series H

Key investor(s): Fidelity, GIC, and others

The Gurugram-based courier and supply chain company Delhivery, is one of India’s leading delivery services and was founded in 2011. It provides transporting, warehousing, freight and other order fulfilment services.

Locus:

Amount Raised: US$50 million

Transaction type: Series C

Key Investor(s): GIC, Qualcomm Ventures, and others

Locus is a technology platform that uses machine learning algorithms to automate complex supply chain issues. The company offers smart and scalable solutions to its customers to gain end-to-end supply chain visibility, increase operational efficiency and promote a sustainable approach for enhanced customer experiences.

Mensa Brands:

Amount Raised: US$50 million

Transaction type: Series A

Key Investor(s): Accel Partners, Falcon Edge Capital, and others

Mensa Brands is an e-commerce platform, founded by Ananth Narayanan, that aims to acquire more than 50 brands across different categories like home décor, apparel, beauty products and cosmetics.

Jai Kisan

Amount Raised: US$30 million

Transaction Type: Series A

Key Investor(s): Mirae Asset, Syngenta Ventures, Blume Ventures, and others.

Jai Kisan is a rural-based fintech platform that provides sustainable financing solutions to empower rural residents, especially farmers. They provide low-cost and timely financing for agricultural equipment, dairy equipment, and other facilities required for profitable farming.

Lambda Test

Amount Raised: US$16 million

Transaction type: Series B

Key Investor(s): Sequoia Capital India, Telstra Ventures and Wamda Capital

Lambda Test is a cloud-based cross-browser platform that helps in testing both manual and automated browsing capabilities of newly launched browsers. The users can conduct live, interactive testing of their website or web app across 2000 different browsers and operating systems.

Plum

Amount Raised: US$15 million

Transaction type: Series A

Key Investor(s): Tiger Global, Sequoia Surge and others

Plum is a brand new startup company that provides health insurance coverage on a B2B2C model. Founded by Abhishek Poddar and Saurabh Arora, this platform provides high-quality health benefits, including doctor consultations, health check-ups and other facilities under customizable plans with transparent pricing.

KreditBee

Amount raised: US$8.5 million

Transaction type: Undisclosed

Key Investor(s): India SME Investments

KreditBee is a fintech lending startup, founded in 2018, that enables users to borrow from banks and other NBFCs. Co-founded by Madhusudan Ekambaram, the company mainly focuses to help the NTC (New-to-Credit) population.

Exotel

Amount raised: US$6 million

Transaction type: Undisclosed

Key Investor(s): A91 Partners, Blume Ventures, and others.

Exotel is one of Asia’s largest cloud telephony platforms. It deals with India’s fastest-growing companies like Ola, Uber, Flipkart and others and aims to provide an efficient network between organizations to ensure smooth functioning.

Holisol Logistics:

Amount raised: US$3 million

Transaction type: Undisclosed

Key Investor(s): Northern Arc Capital

It is a chain supply management company, offering technology-driven, end-to-end solutions to its clients. It offers different services like chain supply consulting, multi-channel retail, packaging and other facilities.

Fun: 

Amount raised: US$3 million

Transaction type: Seed

Key Investor(s): Matrix Partners India, 021 capital, and others

It is an edtech startup company that provides a digital extracurricular platform for students to discover their hidden talents. The curriculum content is designed by experts to provide a wholesome experience to the users.