Tracxn - Geo Monthly - India Tech - Jan 2022

TRACXN MONTHLY REPORT
JANUARY 2022
INDIA TECH

India Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
India Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 23
Top Funded Business Models - last 1 year 25
New Analyst Picks 26
IPOs 38
Acquisitions 39
Recent News 42

India Tech Snapshot – January 2022
India Tech: Snapshot – January 2022
Note : "Investors" refers to "Institutional Investors" only
3
$3.3B
66 1
Overall Geo Stats
20
25
325
133
156
Funding Rounds $ Invested Analyst Picks
Swiggy Upgraded
to DECACORN
New Investors
HubSpot
KTB Asset
Management
Series A+ rounds Active Investors IPOs
AGS Transact
Technologies
Acquisitions
Winkl
Vidooly
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Bangalore
(48 Rounds, $1.9B)
Delhi NCR
(40 Rounds, $631M)
Delhi
(20 Rounds, $224M)
Mumbai
(19 Rounds, $183M)
$700M - Series J
Swiggy (2014, Bangalore, $3.6B)
$250M - Series F
Moglix (2015, Singapore, $471M)
$240M - Series E
Dunzo (2014, Bangalore, $401M)
$200M - Series D
udaan (2016, Bangalore, $1.4B)
Better Capital
(10 Investments)
Tiger Global Management
(9 Investments)
Sequoia Capital
(9 Investments)
Blume Ventures
(6 Investments)
B2B E-Commerce
Moglix
Manufacturing Tech
Hakuna Matata
Local Services
Dunzo
Logistics Tech
EasyEcom
Market Size
Companies Covered 90,925
Funded Companies 9,430
Total Funding $127B
Funding in last 12 months $41.9B
Top Exits
IPOs 150
Acquisitions 1,123
Company Stage
Unicorns 77
Soonicorns 229
Minicorns 856
Editor Picks 5,910
Series A+ 1,651
Series C+ 390
Acqui-Hires 110
Deadpooled 15,710
Top Cities
Bangalore (5,587 Rounds, $60.3B)
Delhi NCR (4,319 Rounds, $38.1B)
Top Investors
AngelList (237 Investments)
LetsVenture (228 Investments)

Investment Snapshot
Investment Snapshot of India Tech as of January 2022
India Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2022)*
Swiggy
(2014, Bangalore, $3.6B)
$700M - Series J Invesco
Moglix
(2015, Singapore, $471M)
$250M - Series F Alpha Wave Global
Dunzo
(2014, Bangalore, $401M)
$240M - Series E Reliance Retail
udaan
(2016, Bangalore, $1.4B)
$200M - Series D
Ola Electric
$200M - Series C Edelweiss
DealShare
(2018, Jaipur, $344M)
$165M - Series E Tiger Global Management
LEAD
(2013, Mumbai, $171M)
$102M - Series E WestBridge
Refyne
$82.0M - Series B Tiger Global Management
INDMoney
(2019, Gurgaon, $133M)
$76.0M - Series D Steadview Capital
OneScore
(2019, Pune, $202M)
$75.0M - Series C QED Investors
DarwinBox
(2015, Hyderabad, $112M)
$72.0M - Series D TCV
*Shows only the lead Investors

List of Funding Rounds (1/18)
List of Funding Rounds in India Tech in January 2022
India Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$10.7M - Series D
Innoviti (2008, Bangalore, $52.5M)
POS-based payment processing solutions
Bessemer Venture Partners, Patni Financial Advisors,
Sonakshi Patni, Vardhaman Patni, S N Damani Realty
Investors, and 9 more
LATE STAGE
$20.0M - Series E
Pine Labs (1998, Noida, $1.4B)
POS terminals for businesses and merchants
State Bank of India
LATE STAGE
$20.0M - Series J
Ola (2010, Bangalore, $3.9B)
App-based ride-hailing aggregator
Segantii
LATE STAGE
$21.0M - Series D
Scripbox (2012, Bangalore, $67.8M)
Online platform for investing in mutual funds
Accel, Transpose, Innoven Capital, Trifecta Capital,
LetsVenture, and 12 more
LATE STAGE
$24.0M - Series G
Blinkit (2013, Gurgaon, $691.5M)
Online platform offering multi-category grocery
supplies
KTB Asset Management
LATE STAGE
$34.3M - Series E
Rupeek (2015, Bangalore, $143.7M)
Online marketplace for gold loans
Lightbox, HighSage, GGV Capital, Kwidnet Holdings,
Sequoia Capital, and 4 more
LATE STAGE
$34.7M - Series D
Purplle (2011, Mumbai, $275.6M)
Online marketplace platform offering multi-category
beauty products
Sequoia Capital, Blume Ventures, Sangeeta Pendruka
LATE STAGE
$38.0M - Series C
ShopKirana (2015, Indore, $51.1M)
Mobile-based B2B marketplace for groceries
Oman India Joint Investment Fund, Sixth Sense
Ventures, ORPAT, Trifecta Capital, Info Edge, and 4
more
LATE STAGE
$40.0M - Series D
Exotel (2011, Bangalore, $97.3M)
Cloud telephony platform for businesses
Steadview Capital

6
LATE STAGE
$56.0M - Series C
M2P (2015, Chennai, $106.8M)
Open banking APIs for banking and payment solutions
Insight Partners, Wo Select Investments, Flourish,
Sparkle Fund, Better Capital, and 5 more
LATE STAGE
$68.4M - Series C
Absolute (2016, Delhi, $84.3M)
Provider of precision agriculture solutions using
phytology, microbiology & AI technology
Alpha Wave Global, Sequoia Capital, Qed Innovation
Labs, LetsVenture, Tiger Global Management
LATE STAGE
$70.0M - Series D
Digit Insurance (2016, Bangalore, $442.0M)
App-based insurance platform for individuals
,
LATE STAGE
$72.0M - Series D
DarwinBox (2015, Hyderabad, $111.9M)
Cloud-based human resource management software
TCV, SCB 10X, Sequoia, Lightspeed Venture Partners,
3one4 Capital, and 3 more
LATE STAGE
$75.0M - Series C
OneScore (2019, Pune, $202.2M)
Credit score management platform
QED Investors, Sequoia Capital, Hummingbird
Ventures, Matrix Partners India, Janchor Partners
LATE STAGE
$76.0M - Series D
INDMoney (2019, Gurgaon, $133.0M)
Comparison and advisory platform for financial
products
Steadview Capital, Tiger Global Management,
Dragoneer Investment Group
LATE STAGE
$101.5M - Series E
LEAD (2013, Mumbai, $170.9M)
Provider of school management software
WestBridge, GSV Ventures
LATE STAGE
$165.0M - Series E
DealShare (2018, Jaipur, $344.3M)
App-based buying platform for multi-category
consumer products
Tiger Global Management, Alpha Wave Global, Kora,
Dragoneer Investment Group, Unilever Ventures, and 1
more
LATE STAGE
$200.0M - Series C
Ola Electric (2017, Bangalore, $864.9M)
Developer of electric scooters
Edelweiss, Alpine Investors, Tekne Capital
Management

7
LATE STAGE
$200.0M - Series D
udaan (2016, Bangalore, $1.4B)
Online B2B marketplace for multi-category products
LATE STAGE
$240.0M - Series E
Dunzo (2014, Bangalore, $400.6M)
Provider of multi-category home delivery services
Reliance Retail, Alteria Capital, 3L Capital, Lightbox,
Lightrock
LATE STAGE
$250.0M - Series F
Moglix (2015, Singapore, $470.9M)
Online marketplace offering industrial goods
Alpha Wave Global, Tiger Global Management, Ward
Ferry
LATE STAGE
$700.0M - Series J
Swiggy (2014, Bangalore, $3.6B)
Online platform for food ordering and delivery
Invesco, Qatar Investment Authority, Sixteenth Street
Capital, Prosus, , and 9 more
LATE STAGE
Series D
WayCool (2015, Chennai, $151.8M)
E-distributor of farm products
Lightrock, Lightbox, FMO, The Lightsmith Group,
International Finance Corporation, and 2 more
LATE STAGE
Series D
Hike (2012, Delhi, $261.0M)
P2P messaging and Voice over IP (VoIP) application
Polygon
LATE STAGE
Series E
Ather Energy (2013, Bangalore, $157.7M)
Developer of electric scooters
Hero MotoCorp
EARLY STAGE
$1.0M - Series A
Grip (2020, Gurgaon, $4.7M)
Online platform for investing in leased physical assets
EARLY STAGE
$2.0M - Series A
MadBow (2016, Gurgaon, $2.0M)
Online discovery platform for multi-category custom
fashion products
Planify, Junita Majumder, Bhumika Srivastava, Sanjay
Damani, Jagannath MS, and 2 more

8
EARLY STAGE
$3.2M - Series A
HUVIAiR (2015, Bangalore, $3.6M)
Provider of drone-based data insights for multiple
industries
Chiratae Ventures, Artesian, SOSV
EARLY STAGE
$4.5M - Series B
Skyroot (2018, Hyderabad, $17.4M)
Manufacturer of launch vehicles for small payloads
Sherpalo Ventures, WAMI Capital, Neeraj Arora, Amit
Singhal
EARLY STAGE
$5.0M - Series A
UrbanPiper (2014, Bangalore, $13.2M)
Loyalty and rewards platform for brands, merchants
and businesses
Zomato
EARLY STAGE
$5.0M - Series A
Freecultr (2011, Delhi, $18.4M)
Internet first brand offering sustainable innerwear for
men and women
Sixth Sense Ventures, Aman Gupta, Sameer Mehta,
Chaitanya Ramalingegowda, Manish Vij
EARLY STAGE
$5.0M - Series A
WISE (2020, , $5.0M)
Mobile-based platform providing online coaching
solutions
Remote First Capital, Taurus Ventures, Operator
Partners, Weekend Fund, Shrug Capital, and 3 more
EARLY STAGE
$6.0M - Series A
Power Gummies (2018, Delhi, $9.0M)
Manufacturer of vitamin supplements
9Unicorns, Sharrp Ventures, Venture Catalysts, NB
Ventures, DSG Consumer Partners, and 1 more
EARLY STAGE
$6.0M - Series A
Our Food (2016, Hyderabad, $6.4M)
Provider of food processing and supply chain
management services to farmers
3Lines
EARLY STAGE
$6.7M - Series A
Dogsee Chew (2015, Bangalore, $14.1M)
Platform offering dog treats and chews
Sixth Sense Ventures, Mankind Pharma

9
EARLY STAGE
$7.5M - Series A
Living Food (2018, Bangalore, $7.6M)
Produces and supplies diversified food products
Amasia, Blume Ventures, SOSV, Sid Singhal, Sandeep
Singhal
EARLY STAGE
$8.5M - Series A
Vajro (2013, Chennai, $8.5M)
Mobile app for e-commerce stores
Five Elms Capital
EARLY STAGE
$10.0M - Series B
ZingHR (2002, Mumbai, $14.1M)
Cloud-based HR management solutions
Tata Capital, Triton Investment Advisors, Krishnan
Sudarshan
EARLY STAGE
$10.0M - Series A
nCORE Games (2018, Bangalore, $10.0M)
Independent mobile game publishing company
Animocabrands, Galaxy Interactive, Polygon,
Hyperedge Capital, Amitabh Singhal, and 16 more
EARLY STAGE
$10.1M - Series A
Your-Space (2016, Delhi, $17.0M)
Provider of managed co-living spaces for student
accommodation
, , Sunidhi, Shantanu Rastogi, Manish Choksi, and 1
more
EARLY STAGE
$13.0M - Series A
Zuper (2016, Chennai, $14.1M)
Cloud-based service management solutions provider
FUSE, Prime Venture Partners, HubSpot, Sequoia
EARLY STAGE
$13.4M - Series B
BigHaat (2015, Bangalore, $18.0M)
Provider of a web-based marketplace for farm inputs
JM Financial Private Equity, Beyond Next Ventures
EARLY STAGE
$14.0M - Series A
SuperOps.ai (2020, Chennai, $17.0M)
AI based RMM and automation solutions for MSPs
Tanglin Venture Partners, Addition Capital, Matrix
Partners India, Elevation, Giovanni Sanguily, and 4
more
EARLY STAGE
$14.9M - Series A
Adonmo (2016, Hyderabad, $18.7M)
In-transit cab advertising solution
Zomato

10
EARLY STAGE
$15.0M - Series A
Chingari (2018, Bangalore, $60.9M)
Social platform for sharing entertainment videos
Republic Capital, JPIN VCATS, , Cowa, OnMobile, and 4
more
EARLY STAGE
$17.5M - Series A
StanPlus (2016, Hyderabad, $19.6M)
Online platform for emergency response
HealthQuad, Kalaari Capital, HealthXCapital, Pegasus,
Sandeep Singhal, and 1 more
EARLY STAGE
$18.0M - Series A
Rocketlane (2020, Chennai, $21.0M)
Provides solution for customer onboarding
8VC, Matrix Partners, Nexus Venture Partners, Gokul
Rajaram
EARLY STAGE
$18.8M - Series B
CASHe (2016, Mumbai, $41.8M)
Online marketplace for personal loans
TSLC
EARLY STAGE
$19.3M - Series B
Bijak (2019, Gurgaon, $34.1M)
B2B marketplace for agricultural commodities
Bertelsmann, RTP Ventures, Better Capital, Surge,
Omidyar Network
EARLY STAGE
$22.0M - Series A
Recykal (2016, Hyderabad, $25.1M)
Provider of cloud-based solid waste recycling solutions
Morgan Stanley, Circulate Capital, Vellayan Subbiah,
Arun Venkatachalam
EARLY STAGE
$25.0M - Series A
Rupifi (2019, Delhi, $30.1M)
Online lending platform for business loans
Bessemer Venture Partners, Tiger Global Management,
Quona Capital, Better Capital, Ankur Capital
EARLY STAGE
$25.0M - Series A
Rooter (2016, Delhi, $30.0M)
Online social platform offering videos for gamers
Lightbox, March Capital, Duane Park, Capital A, leAD
Sports, and 2 more
EARLY STAGE
$30.0M - Series B
Vyapar (2015, Bangalore, $35.9M)
Cloud-based invoicing solutions for small businesses
WestBridge, India Quotient, FortyTwo.VC, IndiaMART

11
EARLY STAGE
$32.0M - Series A
StockGro (2019, Bangalore, $37.9M)
Social trading platform for stocks
BITKRAFT Ventures, General Catalyst Partners, Qed
Innovation Labs Llp, Dholakia Ventures, LetsVenture,
and 15 more
EARLY STAGE
$45.0M - Series B
Avataar.me (2014, Bangalore, $55.5M)
Provider of 3D-based AR/VR platform for personalized
product visualization
Tiger Global Management, Sequoia Capital
EARLY STAGE
$55.0M - Series B
Scaler (2015, Bangalore, $76.5M)
Online platform providing learning programs for
students
Aspada Investments, Tiger Global Management,
Sequoia Capital
EARLY STAGE
$72.0M - Series B
Zupee (2017, Delhi, $121.2M)
Real money-based competitive gaming platform
Nepean Capital, AJ Capital Partners, Tomales Bay
Capital, WestCap, Matrix Partners India, and 1 more
EARLY STAGE
$82.0M - Series B
Refyne (2020, Bangalore, $106.0M)
Online platform for payday loans
Tiger Global Management, XYZ Venture Capital, QED
Investors, RTP Ventures, Jigsaw, and 2 more
EARLY STAGE
Series A
Sprinto (2020, Bangalore, $1.5M)
SOC 2 compliance platform for SaaS companies
Accel
EARLY STAGE
Series A
GPS Renewables (2012, Bangalore, $3.1M)
Provider of AI-based solutions to convert waste to
energy
Neev Fund
EARLY STAGE
Series A
Diro (2014, Noida, $147.0K)
Collaborative phonebook and user-managed
decentralized IAM
FV Bank
EARLY STAGE
Series A
Bharat Rohan (2015, Delhi, $36.8K)
Provider of data capturing, analytic and advisory
services for farmers
Upaya Social Ventures

12
EARLY STAGE
Series A
EasyEcom (2014, Bangalore, $451.5K)
Omni-channel inventory management solutions
provider
EARLY STAGE
Series A
Lavelle Networks (2015, Bangalore, $5.8M)
WAN management platform
Bharti Airtel
EARLY STAGE
Series A
Schrocken (2018, Hyderabad)
Blockchain-based operating system for business
ecosystems
Quentelle, ThinKuvate,
SEED STAGE
$72.4K - Seed
Oyela (2021, Balangir, $72.4K)
Online social marketplace offering multi-category
fashion products
Pictor Labs, Whitewater Tek Network, Upsparks,
Maninder Gulati, Abhinav Sinha, and 5 more
SEED STAGE
$80.8K - Seed
Hair Originals (2018, Chennai, $80.8K)
Private label brand offering hair extensions
Ashneer Grover, Anupam G Mittal, Peyush Bansal
SEED STAGE
$100.0K - Seed
Sortizy (2020, Hyderabad, $100.0K)
Platform offering recipe recommendations & meal
planning
Campus Fund, SucSEED Indovation
SEED STAGE
$125.0K - Seed
ninjasalary (2021, Kolkata, $125.0K)
Online on-demand staffing platform for multi-industry
Y Combinator
SEED STAGE
$134.9K - Seed
Arms4AI (2019, Delhi, $134.9K)
Provider of an AI-based geospatial analytic platform for
multiple applications
Startup India
SEED STAGE
$134.9K - Seed
Edurupt (2020, Kochi, $134.9K)
Online platform providing multi-disciplinary learning
courses

13
SEED STAGE
$135.0K - Seed
Easy To Pitch (2017, Gurgaon, $135.0K)
Online fundraising and pitch deck platform for
investors and founders
Venture Catalysts, JPIN
SEED STAGE
$147.6K - Seed
FeetWings (2020, , $147.6K)
Wearable device for diabetes management
SucSEED Indovation, Padup Ventures, Elina Capital
SEED STAGE
$175.0K - Seed
Klassroom (2016, Mumbai, $1.1M)
Online platform for booking tuition, counselling &
education materials
ah! Ventures, StartupLanes, Startup Angels Network,
Hem Angels, Meteor Venture, and 5 more
SEED STAGE
$176.0K - Angel
SayF (2021, Bangalore, $176.0K)
App-based savings and investment platform for
individuals
Kunal Bahl, Rohit Kumar Bansal, Sarath Sura
SEED STAGE
$180.0K - Seed
Desi Hangover (2013, Mumbai, $180.0K)
Internet first brand offering leather footwear for men
and women
Social Alpha, CIIE
SEED STAGE
$200.0K - Seed
Panther Quant (2021, Delhi, $200.0K)
Blockchain-based platform for algo-trading in
cryptocurrency
AlphaBlock
SEED STAGE
$200.0K - Seed
GameEon (2013, Mumbai, $520.0K)
Mobile game developer focusing on casual games
Indian Angel Network, Apollo Trading And Finance,
Sparrow Technologies, BFL Investments and Financial
Consultants Private Limited, Ban Labs, and 36 more
SEED STAGE
$250.0K - Angel
AsYouAre (2019, Mumbai, $250.0K)
App-based LGBT-centric dating and matchmaking
platform
SEED STAGE
$270.0K - Seed
Quizy Games (2020, Gurgaon, $303.8K)
Mobile-based quizzing platform offering rewards
We Founder Circle, Faad Network, Capital A, Dholakia
Ventures, Anchorage Capital Partners, and 5 more

14
SEED STAGE
$288.8K - Seed
Campus 365 (2018, Gurgaon, $288.8K)
Cloud based platform offering school management
software
SEED STAGE
$336.4K - Seed
YNOS Venture Engine (2017, Chennai, $821.3K)
Deal discovery platform for startups and investors
ZAR Partners, Arun Jain, Lakshmi Narayanan, Ajit
Thyagarajan, Siddharth Ram Athreya, and 9 more
SEED STAGE
$400.0K - Seed
Super Scholar (2021, Mumbai, $400.0K)
Online platform providing scholarships for students
Magic Fund, 2am VC, Astir Ventures, JITO Incubation &
Innovation Foundation
SEED STAGE
$469.6K - Seed
Aerostrovilos (2017, Chennai, $469.6K)
Developer and manufacturer of gas turbines
Tube Investments of India
SEED STAGE
$500.0K - Seed
Sustainkart (2020, Hyderabad, $500.0K)
Online eco-friendly marketplace offering multi-
category products
India Accelerator
SEED STAGE
$500.0K - Seed
Zymrat (2018, Bangalore, $675.8K)
Internet First Brands offering performance fabric
sports wear apparels for men
Dominor, Anicut Capital, Aditya Somani, Rashmi Daga,
Mahesh Agrawal, and 3 more
SEED STAGE
$536.7K - Seed
Legalkart (2018, Haryana, $1.1M)
Online lawyer consultation and legal practice
management platform
Mumbai Angels, IIM Udaipur Incubation Center
SEED STAGE
$600.0K - Seed
BROOMEES (2020, Delhi, $600.0K)
An online platform that provides domestic help and
caregiving services
2am VC, Magic Fund, 100X.VC, Puneet Deora, Gaurav
Choksi, and 3 more
SEED STAGE
$609.2K - Seed
ShipNext (2016, Kochi, $609.2K)
Online bidding-based marketplace for booking
relocation service providers
Group Meeran

15
SEED STAGE
$670.9K - Seed
Loyalie (2015, Kolkata, $670.9K)
Platform offering loyalty software for enterprises
Fawkes Capital Management, IPV,
SEED STAGE
$674.5K - Seed
LemmeBe (2020, Hyderabad, $674.5K)
Internet first brand offering organic menstrual hygiene
products
UNI-M, Gunnwant Vaid, Aniket Gore, Nikhil Vora
SEED STAGE
$700.0K - Seed
AarogyaAI (2019, Delhi, $753.9K)
Provider of SaaS and AI-enabled software for
diagnosing drug-resistant tuberculosis
Avaana Capital Advisors, Entrepreneur First, First In,
Redstart
SEED STAGE
$700.0K - Seed
Trainn (2020, Mountain View, $700.0K)
Providing platform for user onboarding through video
tutorials
Speciale Invest, Arka Venture Labs, Shan Krishnasamy,
Abhishek Goyal
SEED STAGE
$700.0K - Seed
Glamplus (2020, Bangalore, $973.8K)
Provider of SaaS based salon management software
Blume Ventures, IPV, Ramakant Sharma
SEED STAGE
$750.0K - Seed
KHEL GULLY (2021, Bangalore, $750.0K)
Online gaming platform offering real money rewards
Titan Capital, Sujeet Kumar, Neil Bahal, Sumit Shah,
Rishabh Karwa, and 1 more
SEED STAGE
$800.0K - Seed
Contlo (2020, Delhi, $800.0K)
Platform offering marketing solution for Shopify
businesses
Better Capital, Titan Capital
SEED STAGE
$879.9K - Seed
ORAI Robotic (2019, Bangalore, $1.4M)
Provider of an AI-based robotic virtual assistant for
multiple applications
IPV
SEED STAGE
$1.0M - Seed
YantraLive (2016, Bangalore, $1.0M)
Online marketplace for heavy machinery spare parts
GrowthStory, Vipul Parekh

16
SEED STAGE
$1.0M - Seed
WALL (2021, Bangalore, $1.0M)
Online marketplace for owning digital collectibles
Arcanum Capital, Lancer Capital, y Lumos Labs Pvt Ltd,
Woodstock, Tushar Agarwal, and 2 more
SEED STAGE
$1.0M - Seed
EduFund (2019, , $1.7M)
Goal-based savings planning focused on child's
education
Anchorage Capital Partners, ViewTrade
SEED STAGE
$1.0M - Seed
Ekank Technologies (2020, Delhi, $1.0M)
Vernacular story telling platform
9unicorns.com, Venture Catalysts, Titan Capital, ,
Sujeet Kumar, and 4 more
SEED STAGE
$1.0M - Seed
Oben EV (2020, Bangalore, $2.5M)
Developer of electric motorcycles
Krishna Bhupal, Shajikumar Devakar
SEED STAGE
$1.0M - Seed
Eduncle India (2016, Kota, $1.0M)
Online marketplace for entrance and competitive exam
courses
Mumbai Angels, ah! Ventures, Karekeba Ventures
SEED STAGE
$1.0M - Seed
Settlrs (2017, Bangalore, $1.3M)
Online rental platform for home improvement
products
JN Capital & Growth Advisory, Canbank Venture Capital
Fund, MaGEHold
SEED STAGE
$1.0M - Seed
Cloud Tailor (2020, Hyderabad, $1.0M)
Online platform offering tailoring services for
consumers
35 North Ventures, Mergerdomo, Neema Rani, Nirupa
Reddy
SEED STAGE
$1.0M - Seed
91Squarefeet (2018, Gurgaon, $1.0M)
Provider of retail design & development services
Omphalos Ventures, Venture Garage, Nikhil Vora,
Rannvijay Singh Singha
SEED STAGE
$1.2M - Seed
OneDios (2019, Noida, $2.5M)
Online marketplace for diversified local services
Indian Angel Network, LetsVenture, , Bhanu Chopra,
Akash Bhansali

17
SEED STAGE
$1.2M - Seed
Zeda (2020, Bangalore, $1.6M)
Product management suite solutions provider
Paradigm Shift Capital, First Cheque, Beenext, 021
Capital, Whiteboard Capital
SEED STAGE
$1.3M - Seed
APPX (2020, Delhi, $1.3M)
Math games for childrens
Y Combinator, Global Founders Capital, Rocket
Internet, Soma Capital, TDV Partners, and 3 more
SEED STAGE
$1.3M - Seed
Pepul (2020, Chennai, $1.3M)
App-based social platform for connecting with friends
and family
Hourglass Venture Partners, Girish Mathrubootham,
Vijay Shekhar Sharma
SEED STAGE
$1.5M - Seed
hypd.in (2019, Delhi, $1.5M)
Platform offering software to create a shop and engage
fans
Better Capital, Sauce, LetsVenture, Joyance Partners,
Tanmay Bhat, and 12 more
SEED STAGE
$1.6M - Seed
Praan (2017, Mumbai, $1.6M)
AI-based air purification system
Social Impact Capital, Paradigm Shift Capital, Better
Capital, Avaana Capital Advisors, Maulik Majmudar,
and 6 more
SEED STAGE
$1.6M - Seed
Finsall (2018, Bangalore, $2.0M)
Insurance premium financing platform for individuals
and businesses
Seafund, Unicorn India Ventures
SEED STAGE
$2.0M - Seed
Pumpkart (2014, Chandigarh, $2.1M)
Online B2B market place for pumps
SEED STAGE
$2.0M - Seed
Agrowave (2017, Gurgaon, $2.0M)
Provider of supply chain solutions to agribusinesses
Aroa Ventures
SEED STAGE
$2.1M - Seed
Ippo Pay (2020, Chennai, $2.4M)
App-based payment acceptance and processing
solutions for businesses
Blume Ventures, Better Capital, Coinbase,
Madhusudanan R, Prabhu Rangarajan, and 4 more

18
SEED STAGE
$2.2M - Seed
Traya (2019, Mumbai, $2.8M)
Internet first brand offering Ayurveda-based hair care
products
Fireside Ventures, Kae Capital, Whiteboard Capital
SEED STAGE
$2.4M - Seed
Bambrew (2018, Bangalore, $3.8M)
Provider of sustainable packaging products
Blue Ashva Capital, Supack Industries, Mumbai Angels
SEED STAGE
$2.4M - Seed
Bolo Indya (2019, Gurgaon, $3.5M)
Social platform for short educational videos
Orios Venture Partners, Eagle10 Ventures, SOSV,
Tremis,
SEED STAGE
$2.5M - Seed
Stage (2005, Indore, $6.1M)
Online platform for streaming stand-up videos
Blume Ventures, Better Capital, IPV, Vijay Shekhar
Sharma, Aprameya Radhakrishna, and 4 more
SEED STAGE
$2.5M - Seed
Freadom (2016, Gurgaon, $2.5M)
Educational mobile application focusing on kids from
nursery to K-5
Capital A, Unreasonable Capital, Singapore Angel
Network, , Tiger Shroff, and 3 more
SEED STAGE
$3.0M - Seed
MatchLog (2019, Mumbai, $3.0M)
Provides an integrated match-back optimization
solutions
Blue Ashva Capital, Rainmatter Technology, Capital A
SEED STAGE
$3.0M - Seed
Pillow Fund (2021, Bangalore, $3.0M)
Portfolio management solutions for cryptocurrency
Elevation, Scott Lewis, Sandeep Nailwal, Jaynti Kanani,
Prabhakar Reddy, and 5 more
SEED STAGE
$3.0M - Seed
Muvin (2018, Bangalore, $4.0M)
Digital bank for individuals
WaterBridge, Alteria Capital, Krishna Bhupal
SEED STAGE
$3.0M - Seed
MyCaptain (2016, Nagpur, $3.0M)
Online platform providing courses related to standup
comedy and music production to AI and robotics
Ankur Capital, IIM, FirstPort, IPV

19
SEED STAGE
$3.0M - Seed
peakperformer (2020, Delhi, $3.1M)
Online leadership training and coaching platform for
enterprises
Surge, Antler, Blume Ventures
SEED STAGE
$3.5M - Seed
Hospals (2018, Delhi, $5.0M)
Provider of healthcare and medical tourism services for
travelers
IPV, Wavemaker Partners, 9Unicorns, Venture
Catalysts, Kunal Shah, and 1 more
SEED STAGE
$4.0M - Seed
threedots (2021, Bangalore, $4.0M)
Online investment platform for the stock market
trading
Kalaari Capital, Cloud Capital, Better Capital, iSeed,
Kunal Shah, and 8 more
SEED STAGE
$4.6M - Seed
Groyyo-Standard (2021, Gurgaon, $4.6M)
Contract manufacturer of multi category products
Alpha Wave Incubation, Sparrow Capital, Stride
Ventures, Deepak Jain, Arpan Seth, and 2 more
SEED STAGE
$5.0M - Seed
Pluckk (2017, Mumbai, $5.0M)
Platform offering farm-fresh fruits and veggies
Exponential.io
SEED STAGE
$5.0M - Seed
Growth School (2021, Mumbai, $5.0M)
Online platform offering cohort-based solutions for
teachers
Sequoia Capital, Owl Ventures, Kunal Shah, Nikhil
Kamath, Ritesh Agarwal, and 4 more
SEED STAGE
$5.0M - Seed
The ePlane Company (2019, Chennai, $6.5M)
Developer of electric flying cars
Speciale Invest, Micelio, JavaCapital, , Info Edge, and 6
more
SEED STAGE
$5.1M - Seed
Flint (2021, , $5.1M)
Online deposit platform for cryptocurrency
Sequoia Capital, Hashed, Better Capital, Antler, IOSG
Ventures, and 13 more
SEED STAGE
$6.0M - Seed
IndiGG (2021, , $6.0M)
Online community-based gaming platform
Griffin Gaming Partners, Jump Capital, Emfarsis, IVC
Venture Capital, Backed, and 10 more

20
SEED STAGE
$28.0M - Seed
EVage (2019, Chandigarh, $28.0M)
Developer of electric commercial vehicles
RedBlue
SEED STAGE
Angel
Clear (2011, Bangalore, $140.4M)
Cloud-based taxation & financial solutions for
individuals and businesses
Aparna Chennapragada, Surojit Chatterjee, Balaji
Srinivasan
SEED STAGE
Seed
Falcon Autotech (2007, Noida)
Manufacturer of warehouse automation solutions
Delhivery
SEED STAGE
Angel
Groww (2017, Bangalore, $393.8M)
App-based platform focused on capital market assets
Satya Nadella
SEED STAGE
Seed
PlantVita (2020, Mumbai)
Online supplier of nutritional supplements
AIM Group, JITO Incubation & Innovation Foundation,
Apurva Shah, Jai Diwanji, Vivek Matthai
SEED STAGE
Seed
Hanchens (2020, Gurgaon)
Hyper local delivery platform
India Accelerator, Kuldeep Kaushik
SEED STAGE
Seed
Bliv.Club (2021, )
Platform for creating financial instruments for NFTs
Sandeep Nailwal
SEED STAGE
Seed
Zemé (2021, Mumbai)
Internet first brand offering organic hair care products
India Quotient
SEED STAGE
Seed
Expertia (2020, Bangalore)
AI-based candidate sourcing software for enterprises
Endiya Partners

21
SEED STAGE
Angel
Kisanwala (2020, Hyderabad)
App-based platform offering multi-category crop inputs
for farmers
Tanuj Vohra, Arun Kumar Agrawal
SEED STAGE
Seed
Baby Amoré (2019, Chennai)
Online retailer offering multi-category baby care
products
GetVantage
SEED STAGE
Seed
Mainstreet (2017, Mumbai)
Online marketplace offering multi-category fashion
products
Kunal Shah, Raj Shamani, Varun Duggirala, Rohan
Batra, Prashant Iyer, and 2 more
SEED STAGE
Seed
Clodura (2015, Pune, $484.7K)
AI based B2B lead generation platform
Malpani Ventures
SEED STAGE
Seed
Hakuna Matata (2006, Chennai)
Provider of digital transformation solutions
Hardcastle Petrofer
SEED STAGE
Seed
Bag2Bag (2016, Jabalpur)
App-based platform for booking hotels with hour-
based time slots
SEED STAGE
Seed
NEWSREACH (2018, Ahmedabad, $482.4K)
Marketplace for media professionals
Beyond Venture Partners, Startup Oasis, JITO
Incubation & Innovation Foundation, Sharan Aggarwal,
Shashvat Nakrani
SEED STAGE
Seed
Truphe (2014, Noida)
Online platform offering ornamental plants and
acccessories
UpScalio
SEED STAGE
Seed
SaveIN (2020, Delhi, $164.6K)
Digital bank for consumers
Y Combinator

22
SEED STAGE
Seed
QNu Labs (2016, Bangalore, $4.9M)
Cloud based and quantum cryptography-based
cybersecurity solutions for secure communication
Speciale Invest,
SEED STAGE
Angel
Tagz Foods (2019, Bangalore, $858.8K)
Internet first brand offering snacks and food products
Ashneer Grover, Namita Thapar
SEED STAGE
Seed
BillMart (2021, Mumbai)
Online marketplace for auction-based invoice financing
Spacenet Enterprises
SEED STAGE
Seed
Skyber (2021, Mumbai, $200.2K)
Provider of business management software for
multiple industries
Faad Network

New Investors (1/2)
List of New Investors in India Tech in January 2022
India Tech: List of New Investors
23
Investor Company Info Round Amount Round Name
HubSpot
21 portfolio companies | Cloud based platform offering CRM software
Zuper
$13.00M Series A
KTB Asset Management
1 portfolio companies | Provider of financial services
Blinkit
Online platform offering multi-category grocery supplies
$24.00M Series G
Emfarsis
2 portfolio companies | Provider of cryptocurrency development services
IndiGG
$6.00M Seed
Backed
38 portfolio companies | Seed centric tech-focused venture capital firm
investing in geographies such as the US and Europe
IndiGG
$6.00M Seed
IVC Venture Capital
3 portfolio companies | Venture capital firm focused on multiple sectors
IndiGG
$6.00M Seed
9unicorns.com
1 portfolio companies | Limited information available
Ekank Technologies
Vernacular story telling platform
$1.00M Seed
RedBlue
1 portfolio companies | Venture capital fund focused on early-stage mobility
startups
EVage
$28.00M Seed
Beyond Venture Partners
NEWSREACH
Marketplace for media professionals
Undisclosed Seed
Hyperedge Capital
4 portfolio companies | Venture capital-backed accelerator focused on the
blockchain sector
nCORE Games
$10.00M Series A
samruddhiyojane.com
1 portfolio companies |
Pumpkart
Online B2B market place for pumps
$2.00M Seed

New Investors (2/2)
List of New Investors in India Tech in January 2022
India Tech: List of New Investors
24
Investor Company Info Round Amount Round Name
Kwidnet Holdings
Rupeek
Online marketplace for gold loans
$34.27M Series E
Dune Ventures
10 portfolio companies | Venture capital fund investing in multiple sectors
IndiGG
$6.00M Seed
Five Elms Capital
50 portfolio companies | PE & growth-equity focused VC firm investing in B2B
software companies
Vajro
Mobile app for e-commerce stores
$8.50M Series A
ZAR Partners
YNOS Venture Engine
Deal discovery platform for startups and investors
$336K Seed
Shrug Capital
34 portfolio companies | Venture capital firm focused on consumer funds
APPX
Math games for childrens
$1.30M Seed
IIM
1 portfolio companies | IIM-CAN | Angels in ACTION
MyCaptain
Online platform providing courses related to standup comedy and
music production to AI and robotics
$3.00M Seed
Hreyansh Patni
Innoviti
$10.72M Series D
Sonakshi Patni
Innoviti
$10.72M Series D
greenpanelandgreenlamfamilyoffice.vdtrxn
1 portfolio companies | Single-family office focused on venture capital
investments
Loyalie
Platform offering loyalty software for enterprises
$671K Seed
waoopartners.vdtrxn
QNu Labs
Cloud based and quantum cryptography-based cybersecurity solutions
for secure communication
Undisclosed 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.
25
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲45 Multi Products Marketplaces $3.6B 9 Flipkart | $3.6B | Series J
2 ▼-1 Food Ordering Platforms $2.2B 3 Swiggy | $1.3B | Series J
3 ▼-1 Online Test Preparation Courses $2.2B 9 BYJU'S | $864M | Series F
4 ▲2 Vernacular Content Sharing Platforms $1.7B 7 ShareChat | $502M | Series E
5 ▲34 Digital Wallets $1.1B 6 Paytm | $1.1B | Series H
6 ▲48 POS Payment Terminals $1.0B 10 Pine Labs | $600M | Series E
7 ▲110 Social Reselling Platforms $904M 6 Meesho | $570M | Series F
8 ▲780 Internet First Working Capital Loans Marketplaces $857M 6 OfBusiness | $325M | Series G
9 ▲63 Online Marketplace for Drugs $808M 10 PharmEasy | $300M | Series D
10 -- B2B Materials Marketplaces $802M 4 OfBusiness | $325M | Series G

New Analyst Picks (1/12)
Interesting Companies identified by Analysts in India Tech in January 2022
India Tech: Analyst Picks
26
Upgraded to DECACORN
Swiggy (2014, Bangalore, $35.0M, Series C)
Carmignac, GIC, Samsung Venture Investment and 46
other Investors
Upgraded to UNICORN
LEAD (2013, Mumbai, $7.0M, Series B)
Provider of school management software
The Rise Fund, Elevar Equity, GSV Ventures and 7 other
Investors
Upgraded to UNICORN
DarwinBox (2015, Hyderabad, $15.0M, Series B)
Cloud-based human resource management software
JG Digital Equity Ventures, SCB 10X, iLabs and 19 other
Investors
Upgraded to UNICORN
DealShare (2018, Jaipur, $21.0M, Series C)
App-based buying platform for multi-category
consumer products
Srinivas Anumolu, IIFL Wealth, Alteria Capital and 49
other Investors
Upgraded to SOONICORN
Scaler (2015, Bangalore, $55.0M, Series B)
Online platform providing learning programs for
students
Tiger Global Management, Surge, Sequoia Capital and
1 other Investors
Avataar.me (2014, Bangalore, $864K, Seed)
Provider of 3D-based AR/VR platform for personalized
product visualization
Ajay Garg, Nikhil Kumar Srivastava, Alexander kuruvilla
and 20 other Investors
Refyne (2020, Bangalore, $4.1M, Seed)
Online platform for payday loans
Digital Horizon, QED Investors, Jigsaw and 4 other
Investors

27
Upgraded to MINICORN
Recykal (2016, Hyderabad, $110K, Angel)
Provider of cloud-based solid waste recycling solutions
Pirathaapan Suntharalingam, Morgan Stanley, Lisha
Gaurav Acharya and 25 other Investors
StanPlus (2016, Hyderabad, $1.0M, Seed)
Online platform for emergency response
James Manpan, N+1 Capital, Gayatri Patel and 36 other
Investors
WISE (2020, , $5.0M, Series A)
Mobile-based platform providing online coaching
solutions
Remote First Capital, Weekend Fund, James Beshara
SuperOps.ai (2020, Chennai, $3.0M, Seed)
AI based RMM and automation solutions for MSPs
Lisa Woods, Elevation, Abhi Kumar and 11 other
Investors
Growth School (2021, Mumbai, $5.0M, Seed)
Online platform offering cohort-based solutions for
teachers
Austen Allred, Nikhil Kamath, Eric Siu and 6 other
Investors
Our Food (2016, Hyderabad, $201K, Seed)
Provider of food processing and supply chain
management services to farmers
3Lines, S Venkata Reddy, Sridhar Kummam and 3 other
Investors
Dogsee Chew (2015, Bangalore, $6.7M, Series A)
Platform offering dog treats and chews
Renu Balyan, Nikhil Kaithwal, Gowtham Neelapareddy
Zuper (2016, Chennai, $1.1M, Seed)
Sequoia, FUSE, Gilda Ventures and 4 other Investors
Flint (2021, , $5.1M, Seed)
Online deposit platform for cryptocurrency
Hashed, MSA CAPITAL MANAGEMENT, Sanat Rao and
15 other Investors
nCORE Games (2018, Bangalore, Undisclosed, Angel)
Mannan Adenwala, Kristian Segerstrale, Vishal Gondal
IndiGG (2021, , $6.0M, Seed)
Jump Capital, Transcend Fund, Play Ventures and 12
other Investors
Bolo Indya (2019, Gurgaon, $400K, Seed)
Social platform for short educational videos
SOSV, ah! Ventures, and 6 other Investors

28
threedots (2021, Bangalore, $4.0M, Seed)
Online investment platform for the stock market
trading
Mohit Daga, Sweta Rau, Giri Malpani and 10 other
Investors
Bambrew (2018, Bangalore, $107K, Seed)
Provider of sustainable packaging products
Manish Jeloka, Hariganesh M, Prashant Gagneja and 38
other Investors
EVage (2019, Chandigarh, $22.3K, Angel)
Anand Shah, Varun Pahwa, Anmol Nayyar and 2 other
Investors
Added to Editor's Pick
WelcomeCure (2014, Mumbai, $6.0M, Angel)
Online platform for homeopathy treatments
Genelia Deshmukh, Brand Capital, Riteish Deshmukh
BangDB (2012, Bangalore, $321K, Seed)
Key Value NoSQL Database
Ten Innovate, Wb Investors, Ganapathy Subramaniam
udChalo (2012, Pune, $733K, Angel)
Online flight/train ticket booking portal for army
personnel and SSD candidates
Nakul Paresh Vakil, Snahlata Tribhuwan Singh, Junedge
Technologies and 5 other Investors
Potful (2017, Bangalore, $1.2M, Seed)
Internet first restaurant offering biryani
MTR Foodsand
LocateAI Technologies (2019, Bangalore, $1.3M,
Seed)
Provider of a platform for location-based insights
Raveen Sastry, Chiratae Ventures, Better Capital and 12
other Investors
Pillow Fund (2021, Bangalore, $3.0M, Seed)
Portfolio management solutions for cryptocurrency
Farid Ahsan, Prabhakar Reddy, Elevation and 7 other
Investors
Noise (2014, Gurgaon, Unfunded)
Internet first brand offering multi-category consumer
electronics products
KareXpert (2014, Gurgaon, $2.1M, Series A)
Provider of cloud-based electronic medical record
platform for healthcare providers
Nepean Capital,Reliance Industries,Jioand

29
Parentlane (2016, Bangalore, $91.8K, Seed)
AI powered personalised digital health platform for
maternity and child health
Aprameya Radhakrishna, Ravi Machani, Indus Finance
Proklean Technologies (2009, Chennai, $1.4M,
Seed)
Manufacturer of cleaning agents based on probiotic
technology
Mridula Ramesh, Madhuvanth Sridhar, G S Senthil
Kumar and 49 other Investors
Ippo Pay (2020, Chennai, $2.1M, Seed)
App-based payment acceptance and processing
solutions for businesses
StartupTN, Coinbase, Madhusudanan R and 8 other
Investors
Totality Corp (2017, Gurgaon, Undisclosed, Seed)
Developer of solutions for the gaming industry
Mayfield,Leo Capitaland
Falcon Autotech (2007, Noida, Undisclosed, Seed)
Manufacturer of warehouse automation solutions
Delhiveryand
ixamBee (2016, Delhi, $329K, Seed)
Online test preparation for government services
examinations
ICA, Avnish Goyal, Amit Ranjan Saxena and 48 other
Investors
Vyorius (2021, Delhi, Undisclosed, Seed)
Provider of a cloud-based operation management
platform for robots and drones
IIT Mandi Catalyst, Chiratae Ventures, Sente Foundry
Zobaze (2015, Hyderabad, Unfunded)
Cloud-based marketing automation platform for SMBs
T-Huband
Kenko (2019, Mumbai, $1.7M, Seed)
Cloud-based health insurance platform for individuals
9Unicorns, Beenext, Orios Venture Partners and 1
other Investors
Nemo (2019, Hyderabad, $97.0K, Seed)
Digital bank for freelancers and small businesses
Harsha Jayaramaiah, Mumbai Angels, Venkata Krishna
Prasanna and 12 other Investors
Hirist (2012, Delhi, Unfunded)
Online job-portal for technology jobs
Freadom (2016, Gurgaon, $2.5M, Seed)
Educational mobile application focusing on kids from
nursery to K-5
Capital A, Ashneer Grover, Lalit Agarwal and 5 other
Investors

30
Absolute (2016, Delhi, $13.9K, Seed)
Provider of precision agriculture solutions using
phytology, microbiology & AI technology
Falcon Edge Capital, Tiger Global Management, Qed
Innovation Labs and 12 other Investors
Siddhi Vinayak Agri Processing (2008, Pune,
$3.7M, Series B)
Supply chain and agri processing solutions with a focus
on potato
Lok Capital, Google, Open Society Foundations and 6
other Investors
Legalkart (2018, Haryana, $58.4K, Angel)
Online lawyer consultation and legal practice
management platform
IIM Udaipur Incubation Center, Pallav Singh, Manish
Pandey and 24 other Investors
Zeda (2020, Bangalore, $450K, Seed)
Product management suite solutions provider
Suashish, Beenext, 021 Capital and 4 other Investors
Easy To Pitch (2017, Gurgaon, $135K, Seed)
Online fundraising and pitch deck platform for
investors and founders
Venture Catalysts,JPINand
thenestery (2017, Noida, $280K, Angel)
Online retailer of baby products
Kailash Kulkarni, Shwetha Rawat, Amit Peer and 17
other Investors
Smartprix (2011, Delhi, $95.3K, Seed)
Online price comparison platform for consumer
electronics products
Snapdealand
Pupilfirst (2011, Thiruvananthapuram, $1.4M, Seed)
SaaS-based platform providing a learning management
system
Prime Source Trading, Sunil Chawla, Girish
Mathrubootham and 14 other Investors
Unschool (2019, Hyderabad, $125K, Seed)
Provider of online professional skill development
courses
International Finance Corporation, Village Capital, T-
Hub and 1 other Investors
CloudFabrix (2013, Hyderabad, Unfunded)
AI- enabled platform as a solution to build enterprise
applications
MadBow (2016, Gurgaon, $2.0M, Series A)
Online discovery platform for multi-category custom
fashion products
Bhumika Srivastava, Sanjay Damani, Bhagya Lakshmi
Inti and 4 other Investors
Bag2Bag (2016, Jabalpur, Undisclosed, Seed)
App-based platform for booking hotels with hour-
based time slots

31
Myles (2013, Delhi, Unfunded)
App-based self-drive car rental platform
Infraprime (2017, Gurgaon, Undisclosed, Seed)
Developer of electric trucks
Vellayan Subbiah,Leo Capitaland
EV Plugs (2021, Gurgaon, $150K, Seed)
Online platform to find electric vehicle charging
stations
Uno Finance (2017, Delhi, Undisclosed, Seed)
Online marketplace for healthcare loans
First Chequeand
Hea Boosters (2020, Bangalore, $199K, Seed)
Manufacturer of nutritional products for women health
OTP Ventures Partner, Anil Kumar Sinha, AngelList and
2 other Investors
Omuni (2004, Bangalore, Unfunded)
Omnichannel retail software solutions provider
Enterprise Bot (2016, Pune, Undisclosed, Seed)
Omnichannel customer engagement solution provider
Startupbootcampand
PING (2020, Bangalore, $3.5M, Seed)
Online marketplace offering farm-fresh groceries
Elevationand
EvueMe (2016, Delhi, Unfunded)
AI-powered robot interview & assessments
Village Capitaland
Oben EV (2020, Bangalore, $1.5M, Seed)
Developer of electric motorcycles
We Founder Circle, Gaurav Juneja, Aloknath De and 6
other Investors
H3 Mart (2019, , $590K, Seed)
Online retailer offering multi-category products
Saurabh Garg, Shivansh Shrivastava, Sunder Nookala
AarogyaAI (2019, Delhi, $53.9K, Seed)
Provider of SaaS and AI-enabled software for
diagnosing drug-resistant tuberculosis
First In, SAB Holding, GE Healthcare and 4 other
Investors

32
Multipl (2020, Bangalore, $480K, Angel)
App-based platform for goal-based financial planning
Easwaran Narayanan Patali, Monika, Godavari
Narendra Singh and 12 other Investors
PaisaGrowth (2020, Gurgaon, $8.2K, Angel)
Online lead marketplace for loan intermediaries
Dinesh Agarwal, Akshay Madan, Sonam Gupta and 20
other Investors
TradeX (2021, Delhi, $1.0M, Seed)
Online trading platform for social events
Chandni Vora, Abhinav Sinha, Karthik Bhat and 34
other Investors
ClairViz Systems (2015, Mumbai, $60.9K, Seed)
Industry 4.0 IoT platform and analytics provider
HPCL,10000 Startupsand
MatchLog (2019, Mumbai, $3.0M, Seed)
Provides an integrated match-back optimization
solutions
Capital A,Rainmatter Technology,Blue Ashva
Capitaland
Cab-E (2019, Mumbai, Unfunded)
Online intercity ride hailing platform
Crater (2020, Bangalore, $214K, Angel)
Online platform for streaming videos by industry
experts
Lumikai, Arjun Puri, Naresh Wadhwa and 4 other
Investors
KiKsAR (2018, Bangalore, $261K, Angel)
Online application offering virtual try-on
Perumal Balasubramaniam, Venkata Mahesh Krishna,
Satish Bogollu and 8 other Investors
SFA (2015, Mumbai, $1.6M, Seed)
Offers online sports training platform
Ameya Ashok Chandavarkar, Ravi Shroff, Hrishit
Ashwin Shroff and 2 other Investors
PensionBox (2021, Bangalore, $33.3K, Seed)
AI-backed retirement planning platform for individuals
First Founder Investment,100X.VCand
Progno Advisor (2012, Kochi, $98.1K, Angel)
Online financial planning service
Unni Krishnan, Kavitha Balachandran, Mohan
Vengathattil and 15 other Investors
Pluckk (2017, Mumbai, $5.0M, Seed)
Platform offering farm-fresh fruits and veggies
Exponential.ioand

33
Finflux (2010, Bangalore, Unfunded)
Cloud-based lending solution for Banking and Finance
industry
PickMyWork (2019, Gurgaon, Unfunded)
Gig employee hiring platform provider
Village Capitaland
Finway (2017, Delhi, Unfunded)
Online marketplace for consumer and business loans
Nexxo (2020, Chennai, Unfunded)
Platform offering crypto-based financial services for
small businesses
Cloud Tailor (2020, Hyderabad, $1.0M, Seed)
Online platform offering tailoring services for
consumers
35 North Ventures, Nirupa Reddy, Neema Rani and 1
other Investors
Baby Amoré (2019, Chennai, Undisclosed, Seed)
Online retailer offering multi-category baby care
products
GetVantageand
GARI (2021, Bangalore, Unfunded)
Crypto-based social media platform
Orthogonal Thinkerand
FreshOk (2020, Gurgaon, Unfunded)
Online platform offering fruits and vegetables delivery
services
Pathfndr (2016, Bangalore, Undisclosed, Seed)
SaaS & AI-driven software solution for travel agencies
Acsys Investments, Arali Ventures, Seafund and 5 other
Investors
Bounce Infinity (2021, Gurgaon, Unfunded)
Developer of electric scooters and battery swapping
solutions
ShipNext (2016, Kochi, $609K, Seed)
Online bidding-based marketplace for booking
relocation service providers
Group Meeranand
Universal Nutriscience (2021, Mumbai, Unfunded)
Developer of nutraceuticals for multiple health
ailments
Kedaara Capital Investment Managersand

34
Interakt (2020, Mumbai, Unfunded)
Provider of WhatsApp based customer support and
communication management platform
TheCreditKart (2020, Pune, Unfunded)
Online retailer offering multi-category products
Join Ventures (2020, Mumbai, Unfunded)
Platform acquiring eCommerce brands
SMSIndiaHub (2008, Bhopal, Unfunded)
Bulk SMS solutions provider
BookyWay (2014, Bangalore, Unfunded)
Business management system & app for fitness service
providers
Pi Drones (2018, Kanpur, Unfunded)
Manufacturer of hybrid VTOL drones for multiple
applications
Startup Incubation and Innovation Centreand
Fintelle (2021, Gurgaon, Unfunded)
API-based software for onboarding KYC and fraud
detection
Johnnette Technologies (2014, Noida,
Undisclosed, Seed)
Manufacturer of commercial and military drones
Hardcastle Petroferand
IPLTech Electric (2018, Faridabad, Unfunded)
Developer of electric trucks
Leo Capitaland
Khiladi Adda (2019, Delhi, $4.2K, Seed)
Provider of an e-sports tournament and gaming
platform
ANDC Instart Foundationand
Oxystarter (2021, Unfunded)
Decentralized cryptocurrency platform for NFT
marketplace, swapping and staking
Foodro (2018, Kochi, Unfunded)
Online marketplace platform offering multi-category
grocery supplies

35
Bakarmax (2014, Delhi, Unfunded)
Online comic book reading platform
EDUHAP (2020, Mumbai, Unfunded)
Provider of online tutoring solutions for students
Ucanji (2021, Gurgaon, Unfunded)
SaaS-based platform providing dance-related learning
solutions
Reloy (2015, Mumbai, Unfunded)
CRM software for real estate professionals
BlueskyLearning (2013, Delhi, Unfunded)
Online game-based learning platform
Khalihaan (2020, Patna, Unfunded)
Online platform offering multi-category grocery
supplies
NAKAD (2020, Delhi, Unfunded)
Blockchain-based marketplace for supply chain
financing
Truein (2021, Pune, Unfunded)
Saas and AI-enabled platform offering visitor
management system
Vastranand (2018, Surat, Unfunded)
App-based reselling platform for fashion products
Gotrade (2019, Unfunded)
App-based platform for trading in stocks
Sharara (2020, Hyderabad, Unfunded)
App-based social platform for sharing short videos
MeraHub (2021, Bangalore, Unfunded)
Offers an app-based platform providing B2B delivery
services

36
Appup (2005, Hyderabad, Unfunded)
Provider of low code cross platform application
development platform
Transactional SMS (2013, Madhapur, Unfunded)
Cloud based SMS message marketing solution provider
sharpsell (2018, Bangalore, Unfunded)
AI based platform offering sales enablement software
Niagara Automation (2005, Coimbatore, Unfunded)
Manufacturer and supplier of automatic water pump
controller systems
Intuition Systems (2014, Bangalore, Unfunded)
Cloud-based point of sale and billing solution
Entri (2015, Kochi, Unfunded)
Mobile-based platform providing government exam
preparation & multi-disciplinary learning solutions
Superlative Rater (2020, Bangalore, Unfunded)
AI-based platform for question and answer evaluation
Edupreneur Villageand
iPower (2016, Sonipat, Unfunded)
Developer of IoT-enabled lithium-ion batteries for
multi-category electric vehicles
Practice Guru (2006, Jaipur, Unfunded)
Online platform providing multiple exam preparation
solutions
Tastes2Plate (2019, Kolkata, Unfunded)
Destiny (2020, Surat, Unfunded)
Provider of multi-category mobile utility applications
FITELO (2017, Chandigarh, Unfunded)
Provider of customized meal planning solutions

37
Headline Network (2020, Mumbai, Unfunded)
App-based platform providing multi-category news
StucorLearn (2021, Chennai, Unfunded)
Mobile-based platform providing multi-disciplinary
learning solutions
NeuralGarage (2021, Unfunded)
Provider of AI based solution for sync of lip and sound
in video content
IPXL (2016, Gurgaon, Unfunded)
Provider of an influencer marketing platform
Compass (2021, Bangalore, Unfunded)
Platform offering sales incentive and commission
software
Mega Rummy Teen Patti (2021, Ahmedabad,
Unfunded)
Online platform offering rummy games
Lightbulb (2020, Mumbai, Unfunded)
Provider of feedback platform for analyzing student
emotions towards live educational content

IPO Date Company IPO Mcap Exchange Ticker
31 Jan 2022
AGS Transact Technologies (2002, Mumbai, $81.0M)
Diversified payment processing solutions for merchants and
businesses
$0.3B BSE:543451
IPOs
List of IPOs in India Tech in January 2022
India Tech: IPOs
38

Acquisitions (1/3)
List of Acquisitions in India Tech in January 2022
India Tech: Acquisitions
39
Acq. Date Company Acquirer Deal Size
05 Jan 2022
Winkl(2017, Bangalore, $0.0M)
Online platform to create influencer media kit
Good Glamm
05 Jan 2022
Vidooly(2014, Noida, $4.5M)
YouTube Video Marketing & Analytics Product
Good Glamm
07 Jan 2022
Corvus(2020)
Provider of the mobile operating system
AngloGold Ashanti
10 Jan 2022
nFactorial(2014, Bangalore)
Employee engagement and analytics
AscentHR
11 Jan 2022
Mush(2018, Ahmedabad)
Internet first brand offering eco-friendly towels
Global Bees
13 Jan 2022
Yaantra(2013, Delhi, $16.0M)
Online platform to buy refurbished and unboxed smartphones
Flipkart
13 Jan 2022
Planet SuperHeroes(2013, Mumbai, $4.1M)
Online platform selling superheroes & comic character based fan
Merchandise
NODWIN Gaming $0.7M
14 Jan 2022
The LuxePass(2018, Delhi)
Online platform to book hotel amenities
Neeraj Bhandoola
14 Jan 2022
Lifelong Online(2015, Gurgaon, $5.8M)
Private label brand of home appliances
Thrasio $507.4M
14 Jan 2022
House of Masaba(2010, Mumbai, $1.0M)
Internet first brand of women's fashion
Aditya Birla Fashion & Retail $12.2M

Acquisitions (2/3)
40
14 Jan 2022
Rocketbox(2015, Mumbai, $1.6M)
Online intra-city logistics services provider
ShipRocket
15 Jan 2022
Visit(2015, Delhi, $1.8M)
Provider of a telemedicine platform for doctor consultation
docprime $3.0M
17 Jan 2022
Helicrofter(2020, Mumbai, $0.5M)
Online platform selling crop inputs, pesticides, fertilizers and
equipment
DeHaat
17 Jan 2022
The Label Life(2012, Mumbai, $5.1M)
Internet-first brand of multi-category fashion products for women
G.O.A.T Brand Labs
18 Jan 2022
CINAGRO(2008, Hyderabad)
Manufacturer and supplier of multi-category crop inputs
Evenflow
18 Jan 2022
Addverb(2016, Noida, $66.9M)
Provider of AI-enabled robotics and warehouse automation
solutions
Reliance Retail $132.0M
18 Jan 2022
Number Theory(2016, Gurgaon)
AI enabled business intelligence platform
Newgen Software
18 Jan 2022
Payswiff(2013, Hyderabad, $12.8M)
Provider of POS and MPOS solutions for businesses to accept card
payments
Cholamandalam Investment
and Finance Company
$60.6M
19 Jan 2022
Uniform Ventures Pvt(2019, Lucknow)
Online platform offering school discovery solutions
Fyp Money
22 Jan 2022
CollegeShala(2020, Kolkata, $0.2M)
Provider of the college community and study material for college
students
Lecturenotes.in

Acquisitions (3/3)
41
24 Jan 2022
Cellestial E-mobility(2019, Hyderabad, $0.6M)
Manufacturer of AI-enabled electric tractors & components
Tube Investments of India
24 Jan 2022
Busy(1997, Delhi)
Business Accounting Software for SMEs
IndiaMART $67.1M
25 Jan 2022
Origin Learning(2008, Chennai)
Technology solutions provider for learning
eLearning Brothers
27 Jan 2022
Care24(2014, Mumbai, $7.5M)
Home healthcare services
Human Life Management
28 Jan 2022
My Class Campus(2014, Ahmedabad, $0.4M)
Platform offering school management software
Teachmint

Recent News (1/2)
Recent News in India Tech in January 2022
India Tech:News
42
Exit News
.
● AGS Transact Tech unveils ₹ 680 crore IPO TechiLive.in
.
● BoAt IPO: Consumer electronics brand files papers for IPO, check offer details
One News Page
.
● Asia's Richest Man Buys Robotics Startup to Fuel Tech Ambitions BloombergQuint
.
● Cloud Kitchen Brands Aggregator Curefoods Merges With Swiggy-Backed
Maverix Inc42
.
● Aditya Birla Fashion acquires 51% stake in designer clothing brand Masaba India
Web Portal
.
● India’s Oyo Hotel Startup to Target $9B Valuation in IPO PYMNTS.com
.
● Agritech startup DeHaat acquires Helicrofter, to empower farmers One News Page
.
● Nazara Technologies to acquire majority stake in Datawrkz Business Standard
.
Fund News
.
● SCUBE Capital launches US dollar fixed maturity fund for Federal Bank
customers Livemint
People News
.
● YouTube’s Head of Gaming is leaving Google TechiLive.in
.
● Fashion retailer Myntra names veteran Nupur Nagpal as chief HR officer Business
Standard
.
● India’s Crypto Exchange CoinDCX Appoints Former Flipkart Exec Divakar
Prayaga as SVP, Head of Info Security Crowdfund Insider
.
● Earnix Appoints Kyle Caswell as Chief Revenue Officer Business Wire
.
● Paytm's Madhur Deora gets additional role as CFO of One97 Communications
Gadgets Now
.
● Edtech firm LEAD elevates Ritwik Khare as COO VCCircle
.
● MakeMyTrip founder Deep Kalra steps down as Group Executive Chairman
YourStory Media
.
● Tejas Networks appoints two directors Telecompaper
.
Company News
.
● Niftify Announces US Launch and Alliance with Polygon Blockchain Platform PR
Newswire

Recent News (2/2)
Recent News in India Tech in January 2022
India Tech:News
43
● Bharat Biotech's partner Ocugen files EUA request with FDA for paediatric use
of Covaxin Business Today
.
● FDA OKs Qure.ais Breathing Tube Placement AI Tools mpo-mag.com
.
Regulatory News
.
● WazirX Fined Rs 49.2 Crore for Tax Evasion Worth Rs 40.5 Crore NDTV
.
● Kotak Vs BharatPe’s Ashneer Grover: SEBI Asks Bank To Furnish IPO Financing
Details Inc42

Explore more on Tracxn
Explore more about India Tech on Tracxn Platform
India Tech: Explore more on Tracxn Platform
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Tracxn - Geo Monthly - India Tech - Jan 2022