Tracxn - Geo Monthly Report - India Tech - Feb 2022

TRACXN MONTHLY REPORT
FEBRUARY 2022
INDIA TECH

India Tech - February 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 20
Top Funded Business Models - last 1 year 22
New Analyst Picks 23
Acquisitions 36
Recent News 39

India Tech Snapshot – February 2022
India Tech: Snapshot – February 2022
Note : "Investors" refers to "Institutional Investors" only
3
$2.5B
49
Overall Geo Stats
20
26
315
151
128
Funding Rounds $ Invested Analyst Picks
LivSpace Upgraded
to UNICORN
New Investors
Sr Consultancy Services
Mintable
Series A+ rounds Active Investors IPOs Acquisitions
Knowlarity
India Running
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Bangalore
(39 Rounds, $1.4B)
Delhi NCR
(28 Rounds, $250M)
Mumbai
(23 Rounds, $119M)
Delhi
(12 Rounds, $32.0M)
$450M - Series D
Polygon (2020, Bangalore, $450M)
$330M - Series E
ElasticRun (2016, Pune, $461M)
$200M - Series D
Glance (2017, Bangalore, $390M)
$180M - Series F
LivSpace (2014, Bangalore, $495M)
Y Combinator
(8 Investments)
Accel
(7 Investments)
LetsVenture
(6 Investments)
IndiaMART
(4 Investments)
Blockchain Infrastructure
Polygon
In Store Retail Tech
ElasticRun
B2B E-Commerce
Material Depot
Mobile Utility Tools
Glance
Market Size
Companies Covered 92,256
Funded Companies 9,731
Total Funding $129B
Funding in last 12 months $42.8B
Top Exits
IPOs 151
Acquisitions 1,165
Company Stage
Unicorns 80
Soonicorns 232
Minicorns 869
Editor Picks 6,034
Series A+ 1,678
Series C+ 391
Acqui-Hires 111
Deadpooled 15,896
Top Cities
Bangalore (5,732 Rounds, $61.1B)
Delhi NCR (4,445 Rounds, $39.1B)
Top Investors
AngelList (247 Investments)
LetsVenture (244 Investments)

Investment Snapshot
Investment Snapshot of India Tech as of February 2022
India Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2022)*
Polygon
(2020, Bangalore, $450M)
$450M - Series D Sequoia Capital
ElasticRun
(2016, Pune, $461M)
$330M - Series E SoftBank Vision Fund
Glance
$200M - Series D Jio
LivSpace
$180M - Series F KKR
Pine Labs
(1998, Noida, $1.6B)
$150M - Series E Alpha Wave Global
Logibricks
(2017, Pune, $137M)
$137M - Seed ShipRocket
MediBuddy
$125M - Series C Quadria Capital
XpressBees
(2015, Pune, $276M)
$100M - Series F Blackstone
Niyo
$100M - Series C Accel
Perfios
$70.0M - Series C Warburg Pincus
DealShare
(2018, Jaipur, $393M)
$45.0M - Series E Abu Dhabi Investment Authority
*Shows only the lead Investors

List of Funding Rounds (1/15)
List of Funding Rounds in India Tech in February 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
$2.0M - Series E
Vedantu (2011, Bangalore, $308.4M)
Provider of online courses and personalized tutoring
platform
Orios Venture Partners
LATE STAGE
$3.3M - Series C
Stellapps (2011, Bangalore, $40.3M)
Provider of IoT-based farm optimization and
monitoring solutions
Idh Farmfit, Blue Ashva Capital
LATE STAGE
$6.7M - Series C
Bombay Shaving Company (2015, Delhi, $50.5M)
Private label brand offering men's grooming products
Gulf Islamic Investments, Reckitt, Colgate Palmolive,
Sixth Sense Ventures, S. Ramadorai
LATE STAGE
$20.0M - Series J
Ola (2010, Bangalore, $4.0B)
App-based ride-hailing aggregator
Arrow Capital, Axis Growth Avenues AIF – I
LATE STAGE
$22.0M - Series C
Vymo (2013, San Francisco, $45.0M)
Provides virtual assistant for sales representatives
Bertelsmann India Investments, Emergence Capital,
Sequoia Capital
LATE STAGE
$40.2M - Series C
Mintifi (2017, Mumbai, $59.9M)
Online marketplace for business loans
Norwest Venture Partners, Elevation Capital
LATE STAGE
$45.0M - Series E
DealShare (2018, Jaipur, $393.0M)
Online social deal sharing platform for multi-category
products
Abu Dhabi Investment Authority, Dragoneer
Investment Group, Kora, Unilever Ventures, Alpha
Wave Global, and 1 more
LATE STAGE
$70.0M - Series C
Perfios (2007, Bangalore, $130.8M)
Real-time credit decisioning platform and provider of
data aggregation APIs
Warburg Pincus, Bessemer Venture Partners
LATE STAGE
$100.0M - Series C
Niyo (2015, Bangalore, $149.3M)
Internet first digital bank
Accel, Lightrock, Beams Fintech Fund, Prime Venture
Partners, JSCapital

6
LATE STAGE
$100.0M - Series F
XpressBees (2015, Pune, $275.9M)
Provider of e-commerce fulfillment solutions
Blackstone, TPG, ChrysCapital, Investcorp, Norwest
Venture Partners
LATE STAGE
$125.0M - Series C
MediBuddy (2013, Bangalore, $210.7M)
Provider of a wide range of health care services for
consumers
Quadria Capital, Aspada Investments, FinSight
Ventures, Rebright Partners, Alteria Capital, and 6
more
LATE STAGE
$150.0M - Series E
Pine Labs (1998, Noida, $1.6B)
POS terminals for businesses and merchants
Alpha Wave Global
LATE STAGE
$180.0M - Series F
LivSpace (2014, Bangalore, $495.0M)
Provider of online in-home designs and furniture for
home improvement
KKR, Jungle Ventures, Peugeot Invest, Venturi Partners,
Ingka
LATE STAGE
$200.0M - Series D
Glance (2017, Bangalore, $390.0M)
Provider of mobile lock screen content management
and advertising solution
Jio, Google, Mithril
LATE STAGE
$330.0M - Series E
ElasticRun (2016, Pune, $460.9M)
Provider of logistics & fulfillment solutions for
businesses
SoftBank Vision Fund, Prosus, Chimera, Gabelhorn
Investments, Gablehorn Investments, and 3 more
LATE STAGE
$450.0M - Series D
Polygon (2020, Bangalore, $450.0M)
Blockchain DAO network focused on side chains
innovation for developers
Sequoia Capital, Unacademy, Digital Currency Group,
Elevation, Bitfinex, and 32 more
LATE STAGE
Series C
Industrybuying (2013, Delhi, $26.3M)
B2B marketplace offering multi-category products
IndiaMART
LATE STAGE
Series G
Licious (2015, Bangalore, $338.3M)
Online platform offering meat and seafood products
Gruhas, Aman Gupta, Haresh Chawla, Sameer Mehta,
Ashish Aggarwal, and 1 more

7
EARLY STAGE
$293.1K - Series A
Log9materials (2014, Bangalore, $18.9M)
Manufacturer of nanotech-based batteries for e-
vehicles
Innoven Capital
EARLY STAGE
$793.0K - Series A
Flipspaces (2011, Mumbai, $6.3M)
Provider of an AR-based office interior designing
services
Radix Multiventures LLP, IIFL Finance, Invictus Capital
Partners, Prudent Investment Managers, ACE, and 10
more
EARLY STAGE
$983.9K - Series A
WorkIndia (2015, Mumbai, $12.5M)
Tech-based platform for matching employers and
employee in the mixed collar segment
Persol Venture Partner
EARLY STAGE
$1.5M - Series A
FITELO (2017, Chandigarh, $1.5M)
Provider of customized meal planning solutions
Guild, Pareto, Kritika Sharma
EARLY STAGE
$1.8M - Series A
RealBooks (2012, Kolkata, $2.0M)
Cloud-based accounting management solutions for
small businesses
IndiaMART
EARLY STAGE
$2.0M - Series A
DailyObjects (2012, Delhi, $4.4M)
Internet first brand offering mobile accessories
Roots Ventures
EARLY STAGE
$4.0M - Series A
Upswing (2021, Mumbai, $4.0M)
Open banking API solution
QED Investors, Multiply Ventures, Capier Investments,
Better Capital, Amara VC, and 10 more
EARLY STAGE
$4.0M - Series A
Bullieverse (2021, Bangalore, $4.0M)
Online play-to-earn gaming platform
OKX, DWeb3, C2 Ventures, Rainmaker Games, Shima
Capital, and 10 more
EARLY STAGE
$5.4M - Series A
Nautilus Mobile (2013, Hyderabad, $5.4M)
Developer of mobile-based sports games
Krafton

8
EARLY STAGE
$6.5M - Series A
SuperShare (2021, Bangalore, $16.0M)
Platform offering rewards to customers for sharing
content
EARLY STAGE
$7.0M - Series B
SmartCoin (2015, Bangalore, $16.5M)
Online marketplace for microloans
Lightbox
EARLY STAGE
$10.0M - Series A
Sprinto (2020, Bangalore, $12.3M)
SOC 2 compliance platform for SaaS companies
Elevation, Blume Ventures, Accel
EARLY STAGE
$10.0M - Series A
Join Ventures (2020, Mumbai, $10.0M)
Platform acquiring eCommerce brands
Venture Catalysts, Rajiv Dadlani Group, DSG Consumer
Partners, 9Unicorns
EARLY STAGE
$10.0M - Series A
Renee Cosmetics (2018, Ahmedabad, $11.5M)
Internet-first brand offering organic cosmetics
products
Mensa Brands, Equanimity Investments, 9Unicorns
EARLY STAGE
$10.0M - Series B
Koo App (2019, Bangalore, $52.4M)
Provider of a vernacular microblogging app
Casper, Adventz, Ravi Modi Family Trust, FBC Venture
Partners, Ashneer Grover
EARLY STAGE
$10.0M - Series B
Arrivae (2017, Mumbai, $23.3M)
Provider of interior designing services
Think Investments, Havells, Emerge Capital Partners
EARLY STAGE
$12.0M - Series A
Kenko (2019, Mumbai, $13.7M)
Cloud-based health insurance and OPD expenses
platform for individuals
Sequoia Capital, OTP Venture Partners LLP, Beenext,
Orios Venture Partners, 9Unicorns, and 3 more

9
EARLY STAGE
$12.0M - Series B
Increff (2016, Bangalore, $17.1M)
Provider of SaaS-based supply chain management
solutions for the fashion industry
TVS Capital Funds, Premji Invest, 021 Capital, Prem
Gupta, Manish Saigal, and 4 more
EARLY STAGE
$13.0M - Series A
Arcion (2018, San Mateo, $18.2M)
Cloud based platform offering data pipeline solutions
Bessemer Venture Partners, Databricks
EARLY STAGE
$15.0M - Series B
RapiPay (2009, Noida, $24.0M)
Agent-based payment solutions for businesses
, Varun Jaipuria, Rahul Gautam, Rohan Kumar
EARLY STAGE
$15.0M - Series A
Karbon (2019, Bangalore, $32.0M)
Corporate cards and banking solutions for businesses
Olive Tree Capital, Avenir Growth Capital, Harmony,
Mercury, Ramp, and 1 more
EARLY STAGE
$15.0M - Series A
Locofast (2019, Delhi, $16.8M)
Provider of supply chain platform for the fashion
industry
Stellaris Venture Partners, Chiratae Ventures, Axilor
Ventures, Suhail Sameer, Amit Lakhotia, and 1 more
EARLY STAGE
$16.4M - Series B
DaMENSCH (2017, Mumbai, $25.2M)
Internet first brand offering men's inner-wear
A91 Partners, Saama Capital, Alteria Capital,
Whiteboard Venture Partners, Matrix Partners India
EARLY STAGE
$19.4M - Series B
Fleetx (2017, Gurgaon, $26.4M)
Provider of AI-based fleet management and GPS
tracking solutions
IndiaMART, India Quotient, Beenext
EARLY STAGE
$25.0M - Series B
Shipsy (2015, Gurgaon, $32.5M)
Provider of AI & web-based multi-modal transportation
management solutions
A91 Partners, Z3Partners, Surge, Info Edge
EARLY STAGE
$32.0M - Series A
JAR (2021, Bangalore, $36.7M)
App-based savings and gold investment platform
Tiger Global Management, Finverse, Ali Capital, Old
Well Partners, AdvantEdge, and 43 more

10
EARLY STAGE
$35.0M - Series B
Facilio (2017, New York City, $42.9M)
SaaS-driven facility operations and maintenance
software
Dragoneer Investment Group, Brookfield Asset
Management, Accel, Tiger Global Management
EARLY STAGE
$35.0M - Series B
Propelld (2016, Bangalore, $39.1M)
Online marketplace for education loans
WestBridge, India Quotient, Stellaris Venture Partners
EARLY STAGE
$35.0M - Series B
Airmeet (2019, Lewes, $50.0M)
Cloud-based virtual event management software
provider
Prosus, Sistema, RingCentral, KDDI, DG Daiwa
Ventures, and 3 more
EARLY STAGE
$40.1M - Series A
Altigreen (2013, Bangalore, $48.6M)
Developer of electric utility vehicles
Sixth Sense Ventures, Reliance Power, Accurant
International, Reliance New Energy, , and 2 more
EARLY STAGE
Series A
Xoxoday (2012, Bangalore, $609.0K)
Employee engagement solutions provider
SEED STAGE
$120.0K - Seed
Growfitter (2016, Mumbai, $1.5M)
Provider of reward-based fitness training programs
DevX
SEED STAGE
$125.0K - Seed
OurEye.ai (2020, Bangalore, $279.0K)
Provider of a cloud and AI-based integrated video
analytics system
Y Combinator
SEED STAGE
$125.0K - Seed
TradeX (2021, Delhi, $1.1M)
Online trading platform for social events
Y Combinator
SEED STAGE
$125.0K - Seed
Fieldproxy (2016, Chennai, $432.9K)
Cloud-based field force management solution for
enterprises
Y Combinator

11
SEED STAGE
$125.0K - Seed
Edustack (2020, Hyderabad, $125.0K)
Online platform offering solutions for students
assessments
Y Combinator
SEED STAGE
$125.0K - Seed
Legistify (2015, Noida, $821.5K)
Online legal lawyers marketplace provider
Y Combinator
SEED STAGE
$125.0K - Seed
PayCrunch (2019, Bangalore, $125.0K)
Online lending platform providing UPI-based credit line
and finance management solutions for college
students
Y Combinator
SEED STAGE
$200.0K - Seed
Hobit (2020, Faridabad, $224.4K)
Mobile-based platform providing hobby-related
learning solutions
Marwari Catalysts, IVY Growth Associates, Vaibhav
Mittal, Rachit Poddar, Rajesh Gupta, and 2 more
SEED STAGE
$200.0K - Seed
BIZ365 (2020, Jaipur, $200.0K)
Platform offering online stores for businesses
Innovana Thinklabs
SEED STAGE
$234.3K - Seed
eBik (2017, Delhi, $234.3K)
Manufacturer of electric bicycles
Social Alpha, LetsVenture
SEED STAGE
$241.3K - Seed
Com Olho (2019, Gurgaon, $241.3K)
AI-based fraud detection solution
IPV
SEED STAGE
$243.6K - Seed
MangoPoint (2018, Chennai, $243.6K)
Platform offering multi-category grocery supplies
Nativelead, Keiretsu Forum, The Chennai Angels
SEED STAGE
$250.0K - Seed
Material Depot (2021, Hyderabad, $250.0K)
Provider of an online marketplace for building
materials
Accel

12
SEED STAGE
$254.2K - Seed
Cercle X (2020, Coimbatore, $254.2K)
Provider of software for industrial waste management
Inflection Point Ventures
SEED STAGE
$254.2K - Seed
Cercle (2020, Coimbatore, $254.2K)
Cloud-based platform for waste management
Inflection Point Ventures
SEED STAGE
$297.1K - Seed
Fantasy Trading League (2019, Gurgaon, $297.1K)
Game-based trading platform for stocks
Artha Venture Fund, Sat Industries, Akhil Jalan
SEED STAGE
$333.0K - Seed
eské (2012, Mumbai, $333.0K)
Internet first brand offering handbags for women
Fluid Ventures, Divij Bajaj, Ankit Gera, Varun Alagh,
Arjun Vaidya
SEED STAGE
$457.0K - Seed
Boson White Water (2011, Bangalore, $457.0K)
Provider of water treatment solutions for household
and commercial
Indian Angel Network, Nagaraja Prakasam
SEED STAGE
$500.0K - Seed
H3 Mart (2019, , $1.1M)
Online B2B platform offering hotel supplies
Vineet Saxena, Akash Gehani, Anuj Rathi, Sachin
Agarwal, Karan Tanna, and 1 more
SEED STAGE
$500.0K - Seed
Goalteller (2020, Bangalore, $670.9K)
Financial planning platform for individuals
Ranjan Pai, Vivek Banka, Harsh Chhaparia, Prashasta
Seth, Vikas Poddar, and 2 more
SEED STAGE
$500.0K - Seed
Runo (2018, Secunderabad, $500.0K)
Platform offering CRM software for enterprises
Unicorn India Ventures
SEED STAGE
$500.0K - Angel
Life & Pursuits (2016, Noida, $500.0K)
Online private label brand of organic skin and hair care
products
Supermorpheus, Eagle10 Ventures, Pankaj Agrawal,
Madhup Agrawal, Tarun Matta, and 1 more

13
SEED STAGE
$500.0K - Seed
BlockSurvey (2020, Bangalore, $500.0K)
Provides a cloud based survey tools
Stacks Accelerator, GBV Capital, DeSpread, Gossamer
Capital, Badhouse Ventures, and 4 more
SEED STAGE
$535.2K - Seed
Prolance (2020, Bangalore, $535.2K)
Provider of SaaS-based project management software
for interior designers
Srini Anumolu, Karthik Bhat, Tarun Matta
SEED STAGE
$537.0K - Seed
GreenPod Labs (2020, Chennai, $577.2K)
Provides post-harvest solutions for food waste
management
Indian Angel Network, Rockstart
SEED STAGE
$562.1K - Seed
TRST01 (2019, Hyderabad, $562.1K)
Provider of blockchain-based traceability solutions to
the agricultural supply chain
Octave Ventures
SEED STAGE
$567.9K - Seed
Ghost Kitchens (2019, Mumbai, $1.0M)
Platform offering virtual restaurant network for food
businesses
Neelanchal Edifice LLp, Yujkutumb, Dholakia Ventures,
Subrata Dutta, Siddharth Mittal, and 3 more
SEED STAGE
$803.1K - Seed
Kritsnam (2015, Hyderabad, $916.3K)
Provider of solutions for water meter and flow meter
BVR Mohan Reddy, Ashish Gupta, Kunal Shah, Basab
Pradhan, Sai Srinivas, and 5 more
SEED STAGE
$1.0M - Seed
CLIRNet (2015, Mumbai, $2.5M)
Online professional network and knowledge sharing
platform for doctors
SEED STAGE
$1.0M - Seed
Better Opinions (2021, Gurgaon, $1.0M)
Online trading and prediction platform for social
events
Y Combinator, JavaCapital, Soma Capital, Mayank
Kumar, Sudhanshu Raheja, and 2 more
SEED STAGE
$1.1M - Seed
Presolv360 (2017, Mumbai, $1.1M)
Platform offering dispute management software
Omidyar Network India, Inspira Enterprise, Jeena &
Company, M Pallonji, Fine Fragrances, and 1 more

14
SEED STAGE
$1.1M - Seed
Aulerth (2021, Gurgaon, $1.1M)
Internet first brand offering precious jewelry
LetsVenture, M Venture Partners, Tarun Tahiliani, Taro
Nordheider
SEED STAGE
$1.2M - Seed
HealthySure (2020, Mumbai, $1.2M)
Online health insurance and employee welfare
platform for businesses
IPV, Hem Angels, Campus Fund, Dexter Angels, We
Founder Circle
SEED STAGE
$1.2M - Seed
Rocket AI (2021, Pune, $1.2M)
Provider of AI-based tools for document processing
StartupBay
SEED STAGE
$1.2M - Seed
Gold Setu (2021, Bhopal, $2.4M)
Online platform for jewellery retailers
Village Global, Better Capital, Titan Capital, iSeed,
Anjali Bansal, and 3 more
SEED STAGE
$1.3M - Seed
Fundfina (2017, Mumbai, $1.8M)
NAFA Capital Advisors, Hem Angels, Telama
Investment, LetsVenture
SEED STAGE
$1.4M - Seed
ExactSpace (2016, Bangalore, $1.4M)
AI and IoT based predictive analytic solutions for the
manufacturing industry
Thermax
SEED STAGE
$1.5M - Seed
Tablt (2018, Kolkata, $2.2M)
Online platform for the purchase of medicines
JITO Incubation & Innovation Foundation, Tech
Innovation, LetsVenture, Seeders,
SEED STAGE
$1.6M - Seed
BrightBlu (2005, Mumbai, $1.8M)
Smart electric vehicle charging solutions provider
Koolen Industries
SEED STAGE
$1.8M - Seed
Adansa Solutions (2011, Kolkata, $1.8M)
Cloud-based accounting solutions for small businesses
IndiaMART

15
SEED STAGE
$1.9M - Seed
BiteSpeed (2018, Gurgaon, $2.2M)
Platform offering Whatapp marketing for Shopify
businesses
Surge, First Cheque, Whiteboard Venture Partners,
Kunal Shah, Ankur Nagpal
SEED STAGE
$2.0M - Seed
Eekifoods (2019, Kota, $2.2M)
Operators of hydroponic farming facilities for growing
vegetables
Avaana Capital Advisors, Icebreaker, Better Capital,
Spectrum Impact, Kunal Shah, and 4 more
SEED STAGE
$2.0M - Seed
Sublime Life (2018, Mumbai, $2.0M)
Online retailer offering multi-category organic beauty
products
Roots Ventures, Reckitt, Google, IBM
SEED STAGE
$2.0M - Seed
Dvara SmartGold (2019, Mumbai, $2.0M)
Alternative investment platform focused on gold
investments
Axilor Ventures, Dvara
SEED STAGE
$2.0M - Seed
Swipe (2021, Hyderabad, $2.0M)
SaaS-based billing and accounting solutions for SMEs
Y Combinator, Duro Ventures, Global Founders Capital,
Soma Capital, K3 Diversity Ventures, and 4 more
SEED STAGE
$2.0M - Seed
ElecTorq Technologies (2018, Delhi, $3.2M)
Cloud-enabled solutions for electric micro-mobility
services
Kalaari Capital, AdvantEdge, 9Unicorns, Sumant Sinha
SEED STAGE
$2.1M - Seed
Data Sutram (2018, Kolkata, $2.4M)
Provider of an AI-enabled location data platform for
local businesses
VCAPL, Yatra Angel Network, White Venture, Seeders,
Sparkle Fund, and 2 more
SEED STAGE
$2.2M - Seed
KarmaLife (2019, Bangalore, $3.7M)
Payday Loans for blue-collar workers
Artha Venture Fund, Singularity Ventures, Netgraph
Investment, LetsVenture, Abhinav Sinha, and 1 more

16
SEED STAGE
$2.3M - Seed
RetainIQ (2021, Bangalore, $2.3M)
Platform offering personalized text marketing solution
for eCommerce businesses
Accel, Hauz Khas Ventures, Creator Collective Capital,
Ankit Pruthi, Karun Singla, and 2 more
SEED STAGE
$2.5M - Seed
eChargeUp (2019, Delhi, $2.6M)
Provider of battery swapping station for electric
rickshaws
Capital A, Anicut Capital, Tiger Shroff, Aman Gupta,
Sameer Mehta, and 1 more
SEED STAGE
$3.0M - Seed
Scrut (2021, , $3.0M)
Cloud based platform offering ISO compliance
Lightspeed Venture Partners, Endiya Partners
SEED STAGE
$3.0M - Seed
ClaimBuddy (2020, Gurgaon, $3.2M)
Online medical insurance claims support solutions for
individuals
Rebright Partners, Chiratae Ventures, Titan Capital, ,
Kunal Bahl, and 10 more
SEED STAGE
$3.5M - Seed
Farmstock Technologies (2019, Delhi, $6.5M)
App-based community for farmers
Omidyar Network India, Omnivore, Orios Venture
Partners, Ankur Capital
SEED STAGE
$4.0M - Seed
Kofluence (2018, Bangalore, $4.0M)
Platform offering influencer marketing solutions
Upsparks, Nikhil Kamath, Kunal Shah, Karan Johar,
Aprameya Radhakrishna, and 4 more
SEED STAGE
$5.0M - Seed
Actyv (2019, Bangalore, $5.0M)
AI-based suite solutions for digital transaction
management
1digiinvestmentmanagement.vdtrxn
SEED STAGE
$6.5M - Seed
PupilMesh (2018, Bangalore, $6.5M)
Developer of augmented reality helmets
MapmyIndia
SEED STAGE
$137.4M - Seed
Logibricks (2017, Pune, $137.4M)
Provider of cloud-based B2B suite solution for
businesses
ShipRocket, Akshaya Kamath

17
SEED STAGE
Angel
Zorro (2019, Gurgaon, $3.2M)
Online social platform for professionals
Ruchi Kalra, Asish Mohapatra, Vasant Sridhar, Bhuvan
Gupta, Nitin Jain, and 1 more
SEED STAGE
Seed
Bold Care (2019, , $3.0M)
Online pharmacy focusing on the sale of drugs for
men's health
Sharrp Ventures, Anthill, Stanford Angels &
Entrepreneurs, ShipRocket, Huddle, and 1 more
SEED STAGE
Angel
BlueTribe (2020, Mumbai)
Platform offering plant-based chicken nuggets
Virat Kohli, Anushka Sharma
SEED STAGE
Seed
Label Shaurya Sanadhya (2016, Pune)
Internet first brand offering casual wear for women
Velocity
SEED STAGE
Seed
ElectreeFi (2017, Noida)
Saas and IoT-enabled platform offering battery
swapping and electric fleet management solutions
Gulf Oil India
SEED STAGE
Seed
Atirath (2015, Secunderabad)
Developer of mobile-based multi-genre casual games
Kalaari Capital
SEED STAGE
Angel
LearnClue (2020, Hyderabad)
Provider of online learning solutions focusing on math
for students
Markus Ament
SEED STAGE
Seed
Fico mobility (2020, )
Online P2P platform offering car rental services
SEED STAGE
Seed
Zeliot (2018, Bangalore)
Developer of cloud-based fleet management systems
Bosch

18
SEED STAGE
Seed
Omnipresent Robot Tech (2010, Delhi, $9.6K)
Robotics, industrial drones, and video analytics
solutions provider
Gruhas, Nikhil Kamath, Abhijeet Pai
SEED STAGE
Seed
IStuff365 (2013, Mumbai)
Online retail platform offering multi-category gadgets
UpScalio
SEED STAGE
Seed
Royal Brothers (2015, Bangalore, $1.3M)
Online platform offering bike rental services
Yamaha Motor
SEED STAGE
Seed
Rucept (2014, Delhi)
Online retailer of electronic accessories
Arka Venture Labs
SEED STAGE
Seed
Nemo (2019, Hyderabad, $97.0K)
Digital bank for freelancers, startups, and small
businesses
Arvog
SEED STAGE
Seed
Kaabil Finance (2017, Jaipur, $95.8K)
Online platform for consumer and business loans
DCB Bank
SEED STAGE
Seed
Nira Finance (2016, Bangalore, $4.3M)
Online marketplace for personal loans
collective ventures, , Toby Chapman, Fahim Rashid
SEED STAGE
Seed
StareOut Games (2018, Hyderabad)
Developer of mobile-based hypercasual games
SucSEED Indovation
SEED STAGE
Seed
Zama Organics (2016, Mumbai)
Online platform offering organic farm products
Ajay Kaushal, Jay Mehta, Arjun Lamba
SEED STAGE
Seed
Heliware (2018, Gurgaon)
Provider of maps and 3D analytics platform

19
SEED STAGE
Seed
LegalPay (2019, Delhi, $391.9K)
P2P platform for litigation financing
Hedonova
SEED STAGE
Seed
Exponentia (2014, Mumbai)
AI-based conversational bot solution for marketing and
customer support
Technog Solutions, Amit Midha
SEED STAGE
Seed
Finarkein Analytics (2019, Pune)
Workflow orchestration and data analytics platform
IIFL Finance, Redstart, Eximius Ventures, Prophetic
Ventures, Shalini Chhabra, and 1 more

New Investors (1/2)
List of New Investors in India Tech in February 2022
India Tech: List of New Investors
20
Investor Company Info Round Amount Round Name
1 portfolio companies | Limited information available
Fico mobility
Online P2P platform offering car rental services
Undisclosed Seed
Mintable
3 portfolio companies | Online marketplace to buy and sell digital art
Bullieverse
$4.00M Series A
Badhouse Ventures
1 portfolio companies | Sector agnostic incubator and venture capital firm
focused on startups
BlockSurvey
Provides a cloud based survey tools
$500K Seed
Old Well Partners
2 portfolio companies | Investment management firm
JAR
$32.00M Series A
Perpetual Value Partners
3 portfolio companies | Home | Perpetual Value Partners
JAR
$32.00M Series A
weh.com
1 portfolio companies | You are being redirected...
JAR
$32.00M Series A
OKX
11 portfolio companies | Financial services platform offering trading and wallet
Bullieverse
$4.00M Series A
Duro Ventures
5 portfolio companies | Venture capital firm investing in multiple sectors
Swipe
$2.00M Seed
relentless.ventures
1 portfolio companies |
ClaimBuddy
Online medical insurance claims support solutions for individuals
$3.00M Seed
Spectrum Impact
1 portfolio companies | Spectrum Impact – Expanding Your Impact Investing
Footprint
Eekifoods
Operators of hydroponic farming facilities for growing vegetables
$2.00M Seed

New Investors (2/2)
List of New Investors in India Tech in February 2022
India Tech: List of New Investors
21
Investor Company Info Round Amount Round Name
Momentum Partners
6 portfolio companies | Venture capital firm focused on multiple sectors
Altigreen
$40.10M Series A
Good Games Guild
5 portfolio companies | Online marketplace for NFT gaming community
Bullieverse
$4.00M Series A
Beams Fintech Fund
1 portfolio companies | Venture capital-backed accelerator focused on the
fintech sector
Niyo
Internet first digital bank
$100M Series C
Motherson Lease Solution
1 portfolio companies |
JAR
$32.00M Series A
Stonks
3 portfolio companies | Venture capital fund focused on micro-investments
JAR
$32.00M Series A
Casper
2 portfolio companies | Internet-first brand of mattresses
Koo App
Provider of a vernacular microblogging app
$10.00M Series B
NEXXUS
1 portfolio companies | NEXXUS Global
Airmeet
Cloud-based virtual event management software provider
$35.00M Series B
RingCentral
5 portfolio companies | Cloud based platform for unified communication
Airmeet
Cloud-based virtual event management software provider
$35.00M Series B
Voodoo
2 portfolio companies | Mobile game development studio focusing on arcade
and simulation games
Polygon
Blockchain DAO network focused on side chains innovation for
developers
$450M Series D
Reliance New Energy
1 portfolio companies | Corporate backed venture capital fund focused on
multiple sectors
Altigreen
$40.10M Series A

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.
22
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲50 Multi Products Marketplaces $3.6B 9 Flipkart | $3.6B | Series J
2 <> 0 Online Test Preparation Courses $2.2B 8 BYJU'S | $864M | Series F
3 ▼-2 Food Ordering Platforms $1.9B 2 Swiggy | $1.3B | Series J
4 ▲1 Vernacular Content Sharing Platforms $1.7B 7 ShareChat | $502M | Series E
5 ▲52 POS Payment Terminals $1.2B 12 Pine Labs | $600M | Series E
6 ▲38 Digital Wallets $1.1B 6 Paytm | $1.1B | Series H
7 ▲117 Social Reselling Platforms $904M 6 Meesho | $570M | Series F
8 ▲17 Internet First Working Capital Loans Marketplaces $857M 6 OfBusiness | $325M | Series G
9 ▲17 B2B Materials Marketplaces $802M 4 OfBusiness | $325M | Series G
10 ▲18 Online Marketplace for Drugs $743M 10 PharmEasy | $300M | Series D

New Analyst Picks (1/13)
Interesting Companies identified by Analysts in India Tech in February 2022
India Tech: Analyst Picks
23
Upgraded to UNICORN
LivSpace (2014, Bangalore, $5.8M, Series E)
Provider of online in-home designs and furniture for
home improvement
KKR, Jungle Ventures, Venturi Partners and 45 other
Investors
Upgraded to UNICORN
ElasticRun (2016, Pune, $2.0M, Seed)
Provider of logistics & fulfillment solutions for
businesses
SoftBank Vision Fund, Goldman Sachs, Prosus and 21
other Investors
Upgraded to UNICORN
XpressBees (2015, Pune, $8.1M, Series A)
Provider of e-commerce fulfillment solutions
Blackstone, TPG, ChrysCapital and 18 other Investors
Upgraded to SOONICORN
Airmeet (2019, Lewes, $3.0M, Seed)
Cloud-based virtual event management software
provider
Prosus, Sistema, RingCentral and 24 other Investors
Upgraded to SOONICORN
Mintifi (2017, Mumbai, $6.0M, Series B)
Norwest Venture Partners, Elevation Capital, Growth
Catalyst Partners and 2 other Investors
Upgraded to MINICORN
Industrybuying (2013, Delhi, $5.3M, Series B)
B2B marketplace offering multi-category products
IndiaMART, Arathi Krishna, Muthu Murugappan and 14
other Investors
Increff (2016, Bangalore, $3.0M, Series A)
Provider of SaaS-based supply chain management
solutions for the fashion industry
TVS Capital Funds, 021 Capital, Premji Invest and 16
other Investors
Facilio (2017, New York City, $1.5M, Seed)
SaaS-driven facility operations and maintenance
software
Dragoneer Investment Group, Brookfield Asset
Management, Accel and 1 other Investors
Sprinto (2020, Bangalore, $784K, Seed)
SOC 2 compliance platform for SaaS companies
Accel,Elevation,Blume Venturesand

24
AGRIM (2020, Gurgaon, $1.5M, Seed)
Provider of retail services for agriculture products
Kalaari Capital, Omnivore, India Quotient and 5 other
Investors
Kenko (2019, Mumbai, $1.7M, Seed)
Cloud-based health insurance and OPD expenses
platform for individuals
Sequoia Capital, Beenext, Orios Venture Partners and 6
other Investors
Arcion (2018, San Mateo, $13.0M, Series A)
Cloud based platform offering data pipeline solutions
Bessemer Venture Partners,Databricksand
BiteSpeed (2018, Gurgaon, $275K, Seed)
Platform offering Whatapp marketing for Shopify
businesses
Surge, First Cheque, Whiteboard Venture Partners and
21 other Investors
Ghost Kitchens (2019, Mumbai, $444K, Angel)
Platform offering virtual restaurant network for food
businesses
Subrata Dutta, Siddharth Mittal, Mukesh Kumar Singh
and 9 other Investors
SuperShare (2021, Bangalore, $6.5M, Series A)
Platform offering rewards to customers for sharing
content
Scrut (2021, , $3.0M, Seed)
Cloud based platform offering ISO compliance
Lightspeed Venture Partners,Endiya Partnersand
Bullieverse (2021, Bangalore, $4.0M, Series A)
OKX, FunDaMental Games, C2 Ventures and 12 other
Investors
Locofast (2019, Delhi, $1.8M, Seed)
Provider of supply chain platform for the fashion
industry
Stellaris Venture Partners, Chiratae Ventures, Axilor
Ventures and 5 other Investors
Renee Cosmetics (2018, Ahmedabad, $10.0M,
Series A)
Internet-first brand offering organic cosmetics
products
Mensa Brands, Equanimity Investments, 9Unicorns and
10 other Investors
Join Ventures (2020, Mumbai, $10.0M, Series A)
Platform acquiring eCommerce brands
DSG Consumer Partners, 9Unicorns, Venture Catalysts
Kofluence (2018, Bangalore, $4.0M, Seed)
Platform offering influencer marketing solutions
Nikhil Kamath, Kunal Shah, Karan Johar and 7 other
Investors

25
ExactSpace (2016, Bangalore, $1.4M, Seed)
AI and IoT based predictive analytic solutions for the
manufacturing industry
Thermax, Karnataka Startup Cell, SynerLeap and 3
other Investors
Upswing (2021, Mumbai, $4.0M, Series A)
Open banking API solution
QED Investors, Kunal Shah, Jiten Gupta and 12 other
Investors
PupilMesh (2018, Bangalore, $6.5M, Seed)
Developer of augmented reality helmets
MapmyIndiaand
Actyv (2019, Bangalore, $5.0M, Seed)
AI-based suite solutions for digital transaction
management
1digiinvestmentmanagement.vdtrxnand
Added to Editor's Pick
PayU (2011, Gurgaon, Unfunded)
Online payment gateway solutions for businesses
Bitbns (2017, Bangalore, $980K, Seed)
App-based trading & exchange platform for
cryptocurrency
Beenos, Pratithi Investment, SATO and 1 other
Investors
Royal Brothers (2015, Bangalore, $1.0M, Seed)
Online platform offering bike rental services
Yamaha Motor, Amrith Prasad, Pradeep Deviah and 6
other Investors
ToppersNotes (2014, Jaipur, $1.0M, Seed)
Online learning platform offering notes & test series
IPV, Pulkit Agrawal, Ashish Sharma and 13 other
Investors
Bzaar (2020, Bangalore, $4.0M, Seed)
Online B2B cross-border marketplace for multi-
category products
Canaan Partners, Binny Bansal, Sameer Nigam and 4
other Investors
Shumee (2014, Bangalore, Undisclosed, Seed)
Online platform offering handcrafted toys for kids
Fluid Ventures, Dia Mirza, KPB Family Trust and 24
other Investors
OncoStem (2011, Bangalore, $3.0M, Seed)
Developer of prognostic tests for the detection of
cancer
Sequoia Capital,Artiman Ventures,Springboard
Enterprisesand
WareIQ (2019, Bangalore, $1.6M, Seed)
Provider of web-based shipping solutions for online
businesses
Y Combinator, FundersClub, Pioneer Fund and 2 other
Investors

26
Inntot (2014, Kochi, Undisclosed, Seed)
Digital solutions provider for media industry
Unicorn India Ventures,The Seed Fundand
Research & Ranking (2015, Mumbai, Unfunded)
Research & equity advisory in India
Jeetendra Unnikrishnan Nairand
Retailio (2016, Pune, $1.1M, Seed)
Online B2B marketplace connecting pharma retailers,
distributors & manufacturers
Lalit Narshi Dharamshi, Ashok Popatlal Shah, Monika
Nishit Zaveri Zaveri and 5 other Investors
Groyyo-Standard (2021, Gurgaon, $4.6M, Seed)
Contract manufacturer of multi category products
Deepak Jain, Arpan Seth, Maninder Gulati and 5 other
Investors
Supertails (2021, Bangalore, $2.6M, Seed)
Platform offering multi-category pet supplies
Alteria Capital, Saama Capital, DSG Consumer Partners
PlayTooMe (2016, Bangalore, Undisclosed, Seed)
Online platform for live streaming videos by artists
9Unicorns, Venture Catalysts, NewFort Holdings and 45
other Investors
91Squarefeet (2018, Gurgaon, $1.0M, Seed)
Platform offering tech-enabled services for offline
brands
Omphalos Ventures, Nikhil Vora, Rannvijay Singh
Singha and 3 other Investors
Falcon (2013, Raipur, $1.9M, Seed)
Open banking API
FZM Opportunities, West Quad Ventures, Hardeep
Singh Banga and 8 other Investors
Just Recharge It (2010, Mumbai, $453K, Seed)
Online recharge platform for mobile, DTH, and data
card services
Ladderup,Avenuesand
Sastra Robotics (2013, Ernakulam, $161K, Angel)
Manufacturer of consumer and industrial use robots
Raveendranath Kamath, Amitava Roy, Sijo Kuruvilla
Hesa (2012, Hyderabad, $2.0M, Seed)
Correspondent banking solutions
Manish Modi, 9Unicorns, Inflection Point Ventures and
5 other Investors
qorner (2021, Bangalore, $690K, Seed)
App-based income and expense management solutions
for freelancers and content creators
AngelList, Redbrook, 3F Ventures and 12 other
Investors

27
NFTically (2021, Gurgaon, Undisclosed, Seed)
Providing low code Infrastructure to launch NFT
Marketplaces
Nitish Mittersain, Gaurav Munjal, Sujeet Kumar and 3
other Investors
My Money Karma (2015, Hyderabad, Undisclosed,
Seed)
Online personal finance advisory and loan aggregation
platform for consumers
T-Hub,Ulu Ventures,StartXand
Knimbus (2010, Gurgaon, $491K, Seed)
Knimbus is a collaborative knowledge platform that
allows users to search for research articles
Vernalis Capital, Transworld, GIST and 7 other
Investors
Stumagz (2015, Hyderabad, $40.1K, Angel)
Online student magazine
Parthasarathi Mukherjee, R V Srinivas, R V S Sridhar
Swipe (2021, Hyderabad, $39.9K, Seed)
Y Combinator, Global Founders Capital, Kunal Shah and
10 other Investors
CLIRNet (2015, Mumbai, $48.6K, Angel)
Online professional network and knowledge sharing
platform for doctors
Mukul Nag, Richard Benny, Michael Kulper and 10
other Investors
Three Wheels United (2010, Bangalore, $120K,
Seed)
Auto loans provider
Techstars, GINCO Investments, Inclusive Fintech 50 and
1 other Investors
FrontPage (2017, Bangalore, $177K, Seed)
Online expert advising solution provider targeting
market traders
Y Combinator, Smile Group, India Technology and 10
other Investors
Bolo Live (2019, Gurgaon, $400K, Seed)
App-based platform offering live video streaming and
monetization solutions
Orios Venture Partners, SOSV, Tremis and 6 other
Investors
MSG91 (2008, Indore, Unfunded)
SMS solutions provider for enterprises
Gadgets 360 (2005, Delhi, $3.7M, Series A)
Online platform providing news on technology
One97 Communications, Iris Computers, Pramod
Bhasin and 2 other Investors
Redbook (2015, Mumbai, $250K, Seed)
Inventory and order management solution for pharma
retailers
Aniruddha Malpani, Manjeet Buaria, Aniruddha
Narayan Malpani and 10 other Investors

28
RetainIQ (2021, Bangalore, $2.3M, Seed)
Platform offering personalized text marketing solution
for eCommerce businesses
Accel, Hauz Khas Ventures, Creator Collective Capital
SignCatch (2014, Delhi, $396K, Angel)
Point of sales solution
Sushil Sukhwani, Pooja Gupta, Abid Lalljee and 39
other Investors
Monsoon FinTech (2015, Gurgaon, $277K, Seed)
AI-based alternative credit scoring solution for lenders
and financial institutions
Dmi Alternatives, Sakate Khaitan, Sateesh Polisetti and
16 other Investors
ISG (2004, Mumbai, Unfunded)
White-label payment gateway and management
solutions for businesses
Ivan Hilary Castelino,Paramount Infosystemand
Sortizy (2020, Hyderabad, $100K, Seed)
Platform offering recipe recommendations and meal
planning
Campus Fund,SucSEED Indovationand
Life & Pursuits (2016, Noida, $500K, Angel)
Online private label brand of organic skin and hair care
products
Eagle10 Ventures, Pankaj Agrawal, Madhup Agrawal
Healthfin (2016, Pune, $500K, Seed)
Online marketplace for healthcare financing
Sprout Investment Advisors, Axilor Ventures, Prakash
Kejriwal and 8 other Investors
ElectreeFi (2017, Noida, Undisclosed, Seed)
Saas and IoT-enabled platform offering battery
swapping and electric fleet management solutions
Gulf Oil India, Nivedita Jaiswal, TIDES Business
Incubator and 1 other Investors
Agrowave (2017, Gurgaon, Undisclosed, Angel)
Provider of supply chain solutions to agribusinesses
Aroa Ventures,Daffodil Softwareand
Hobit (2020, Faridabad, $16.2K, Angel)
Mobile-based platform providing hobby-related
learning solutions
Vaibhav Mittal, Rachit Poddar, Rajesh Gupta and 6
other Investors
UniFarm (2021, Delhi, $2.0M, Seed)
Multi-token reward staking protocol
Rarestone Capital, LD Capital, AU21 Capital and 7 other
Investors
Dvara SmartGold (2019, Mumbai, $2.0M, Seed)
Alternative investment platform focused on gold
investments
Axilor Ventures,Dvara,Inclusive Fintech 50and

29
Spiderg (2015, Pune, $135K, Angel)
Mobile first book-keeping and accounting solution.
Anuradha Harshal Morde, Nilofer Ebrahim, Rajesh
Vaishnav and 37 other Investors
Haus & Kinder (2018, Mumbai, $1.3M, Seed)
Internet first brand offering home textile products for
kids
Shaival Desaiand
Yellowant (2015, Bangalore, $78.7K, Seed)
Chatbot to increase enterprise productivity
Indian Dream Capital, Aaruha Technology, Sumit Jain
Arkay Apps (2013, Bhuj, Unfunded)
Education focused app development studio
BizzTM (2020, Gurgaon, $1.2M, Seed)
App-based reselling platform for multi-category
products
2am VC, Axilor Ventures, LetsVenture and 16 other
Investors
Aulerth (2021, Gurgaon, $1.1M, Seed)
Internet first brand offering precious jewelry
M Venture Partners, Tarun Tahiliani, Taro Nordheider
Finpeg (2016, Mumbai, $279K, Angel)
Online robo-advisory platform for financial planning
Neha Singh, Anjan Satyananda Guha, Anupkumar
Parmanand Guha and 6 other Investors
Nesa Medtech (2016, Bangalore, $76.1K, Grant
(prize money))
Developer of medical devices for the treatment of
symptomatic uterine fibroids
MedTech Innovator,Karnataka Startup Cell,C-CAMPand
Edutor App (2020, Palanpur, Unfunded)
Mobile-based platform providing school curriculum-
related learning solutions
Idavoll (2020, Bangalore, $1.5M, Seed)
Decentralized Autonomous Organization (DAO)
management service provider
, Oasis Capital Partners, YBB Foundation and 5 other
Investors
Tranzmeo (2016, Kochi, $14.2K, Seed)
Provider of AI and IoT-based sensor solutions for the
oil and gas industry
HPCL, 10000 Startups, SINE and 2 other Investors
Vah Vah (2020, Bangalore, $1.9M, Seed)
Online platform providing makeup-related learning
solutions
Surgeand

30
CrossTower (2021, Gurgaon, Unfunded)
Online platform to buy, sell and trade multiple
cryptocurrencies
Kislay (2018, Nagpur, Unfunded)
Online fruits and vegetable marketplace for farmers
iBoson (2016, Thiruvananthapuram, $154K, Angel)
Provider of a no-code platform for creating AR
applications
Nidhin Thomas Vaidyan, Ajish Karunakaran Baladevan,
Jayachandran Anand and 2 other Investors
Linecraft (2018, Pune, Undisclosed, Seed)
Provider of IoT-based production analysis solutions for
manufacturing industries
Radhika Tutorials (2019, Bilaspur, Unfunded)
Mobile & SaaS-based platform providing sewing-
related learning solutions
Rapidor (2013, Kochi, $100K, Grant (prize money))
Provider of operation management solution for
enterprise
Ingram Microand
BIZ365 (2020, Jaipur, $200K, Seed)
Platform offering online stores for businesses
Innovana Thinklabsand
Com Olho (2019, Gurgaon, $241K, Seed)
AI-based fraud detection solution
IPVand
CyborgIntell (2018, Bangalore, $230K, Angel)
AI-based financial forecasting solutions for small
businesses
SenseAI, Pentathlon Ventures, Ghosal Ventures and 7
other Investors
RanceLab (2007, Kolkata, $316K, Seed)
Platform offering suite solution for retailer and food
businesses
Cercle X (2020, Coimbatore, $254K, Seed)
Provider of software for industrial waste management
Inflection Point Venturesand
Evelabs (2016, Thiruvananthapuram, $3.6K, Seed)
Developer of a smart infusion monitor for hospitals
and home-cares
Rovi, Varghese Maliekel, Joseph J Maliekel and 7 other
Investors

31
Polynomial (2021, Pune, $1.1M, Seed)
Online platform offering DeFi platforms to enable
trading in crypto futures and options
Genblock Capital,Caballeros Capital,and
ParentCircle (2010, Chennai, $1.9M, Seed)
Digital content sharing platform for parents and a
magazine in print.
R Sudarsanam, Ramco Group, N R K Ramkumar Raja
Wanderwhale (2018, Bangalore, $3.0M, Seed)
Online platform to discover and explore Indian travel
destinations
Start Venture Capital,Legend Starand
Prolance (2020, Bangalore, $535K, Seed)
Provider of SaaS-based project management software
for interior designers
Srini Anumolu,Karthik Bhat,Tarun Mattaand
Hotnot (2021, Delhi, Unfunded)
Online social media platform for fashion
recommendations
T-Huband
Ekank Technologies (2020, Delhi, $1.0M, Seed)
Vernacular story telling platform
9unicorns.com, Venture Catalysts, Titan Capital and 6
other Investors
Nava Design & Innovation (2016, Kochi, $39.5K,
Seed)
Manufacturer and supplier of tapping systems for
coconut farmers
Indian Institute Of Information Technology and
Management,Brinc,Maker Villageand
Herringbone & Sui (2014, Mumbai, $613K, Angel)
Premium menswear brand
Ravi Thakran, Arkesh Singh Deo, Mathew Nishant and 9
other Investors
PE Front Office Solutions (2013, Gurgaon, $93.7K,
Angel)
SaaS platform for Institutional Investors
Ganapati Rathinam, Dinesh Saradana, Ankur Agarwal
Wise Owl Learning (2021, Hyderabad, Unfunded)
Provider of AI, web, app-based learning solutions for
students
Flyseas (2021, Patna, Unfunded)
Online B2B marketplace offering multi-category
products
SYSOTEL (2021, Rourkela, Unfunded)
AI based automated revenue management software
for hotels

32
LetzPay (2016, Ghaziabad, $120K, Seed)
Payment processing solutions for businesses and
merchants
Sammaan Ventures,IIM Lucknow Enterprise Incubation
Centerand
Hakuna Matata (2006, Chennai, Undisclosed, Seed)
Platform offering field sales automation software
Hardcastle Petroferand
Hanchens (2020, Gurgaon, Undisclosed, Seed)
Offers an app-based platform providing B2C delivery
services
India Accelerator,Kuldeep Kaushikand
MarksUpp (2021, Noida, Unfunded)
Mobile-based platform providing JEE & NEET exam
preparation solutions
Nivalink (2000, Mumbai, $611K, Seed)
Online platform to discover & book personalized
holiday packages
MERAKI TRAVEL, Mayank Desai, Sumathy Ramchander
CXM360 (2018, Hyderabad, Unfunded)
Provider of SaaS-based salon & spa management
software
T-Huband
Terra x (2020, Bangalore, $43.1K, Angel)
Internet first brand offering eco-friendly sneakers
Meet Shah, Bharatkumar Shankarlal Rana, Amandeep
Singh Nagpal and 3 other Investors
Ace Robotics (2019, Chennai, $430K, Seed)
Manufacturer of arm-based industrial robots for
multiple purposes
Sprout Angels, Levim Capital Investment, Gyanchand
Jain and 6 other Investors
Tegro (2008, Pune, Unfunded)
Online marketplace for trading digital assets
Kaabil Finance (2017, Jaipur, Undisclosed, Seed)
Online platform for consumer and business loans
DCB Bank, Bhupendra Chaturvedi, Girish Agarwal and 2
other Investors
AngelList (2018, Delhi, Unfunded)
Provider of a fundraising platform for startups
Kube Venturesand
Custkart (2020, Bokaro, Unfunded)
Internet first brand offering casual wear for men and
women

33
Kadence (2013, Bangalore, Unfunded)
Online retail platform offering music instruments
ODeX (2015, Mumbai, Unfunded)
Offers a web-based platform providing trade
Zyngo (2020, Gurgaon, Unfunded)
Offers last-mile delivery solutions through a fleet of
electric vehicles
Prateek Yadavand
Antrepriz (2017, Gurgaon, $269K, Seed)
Expense management software for travel and
payments industry
IIT Mandi Catalyst,Pavitar Singh,Abhishek Khuranaand
Esg Ds (2020, Mumbai, $218K, Angel)
ESG database for institutional investors, asset
managers, and investment banks
Amit Garg, Vasudevan, Inderjit Singh Dhillon and 1
other Investors
Alanna (2015, Mumbai, $69.6K, Angel)
Internet first brand offering multi-category handmade
beauty products
Mehul Nagar, Devendra Veerprakash Maheshwari,
Sundeep Khanna and 2 other Investors
IBO (2020, Bangalore, Unfunded)
E-commerce platform offering building materials
IQarena (2020, Ahmedabad, Unfunded)
Mobile-based platform providing competitive exam
preparation solutions
Startup Craftersand
InstaSell (2020, Mumbai, Undisclosed, Seed)
App-based platform to lunch online store and sell
products on social media
100X.VCand
Trepup (2014, Mumbai, Unfunded)
Online aggregator platform for local businesses
Enparadigm (2010, Mumbai, Unfunded)
Platform offering sales enablement software
CardsPe (2009, Delhi, Unfunded)
Provider of app-based POS solution for businesses to
accept payments

34
Rentjewels (2010, Gurgaon, Unfunded)
Provider of an online platform for renting bridal
jewelry
Pavo & Tusker (2018, Chennai, Unfunded)
Provider of IT services and AI services
MCF (2020, Gurgaon, Unfunded)
Mobile-based platform providing college entrance
exam preparation solutions
GoodSpace (2019, Delhi, Unfunded)
Online recruitment platform for remote workers,
freelancers, and full-time employees
Spalba (2020, Gurgaon, Unfunded)
AI driven solution for execution of physical, virtual and
hybrid events
Trailytics (2013, Gurgaon, Unfunded)
Provider of AI based marketing intelligence and big
data analytics services for retail
Hyperstate (2018, Pune, Unfunded)
Content creation and distribution solution
Yash Retail And Service (2007, Gurgaon,
Unfunded)
Online retail platform offering smart electronic gadgets
and appliances
Greattr (2021, Mumbai, Unfunded)
Online platform for point of sale financing
Wheelocity (2005, Chennai, Unfunded)
Platform offering sustainable commerce solution for
businesses
UltraProlink (1969, Delhi, Unfunded)
Internet first brand offering electronics gadgets and
accessories
Bannos Swagger (2021, Surat, Unfunded)
Internet first brand offering sleepwear for women

35
Nom (2018, Thane, Unfunded)
Internet first brand offering edible straws
Yıldız Venturesand
Lovebirds Studio (2020, Delhi, Unfunded)
Internet first brand offering casual wear for women
1SilverBullet (2020, Mumbai, Unfunded)
Blockchain-based open banking API
PQSI Digital (2018, Chennai, Unfunded)
Provider of manufacturing suite solution for industries
TMoS (2021, Mumbai, Unfunded)
Provider hyperlocal delivery services to businesses
EZLease (2021, Chennai, Unfunded)
Online platform for industrial equipment rentals
Agribid (2020, Mumbai, Unfunded)
Online trading marketplace connecting buyers and
sellers of agricultural products
StartupsHive (2020, Bangalore, Unfunded)
Provider of fundraising solutions to startups
Abhay Steels (1983, Mumbai, Unfunded)
E-distributor offering steel material for enterprise
Export My Business (2021, Delhi, Unfunded)
Online B2B listing platform for multi-category products

Acquisitions (1/3)
List of Acquisitions in India Tech in February 2022
India Tech: Acquisitions
36
Acq. Date Company Acquirer Deal Size
02 Feb 2022
Knowlarity(2009, Gurgaon, $49.5M)
Cloud based telephony solution provider for SMEs
Gupshup
04 Feb 2022
India Running(2012, Hyderabad)
Provider of an online running community platform
Fitpage
07 Feb 2022
UPoS(2019, Bangalore, $1.0M)
Payment gateway solutions for businesses
Infibeam Avenues $10.0M
07 Feb 2022
Grexter(2015, Bangalore, $2.7M)
Provider of managed co-living spaces
Aurum House $3.6M
08 Feb 2022
EduQfix(2015, Mumbai)
Fee management and collection solution for schools
Pine Labs
10 Feb 2022
Scouto(2018, Ahmedabad)
AI-powered car tracking and diagnostics solutions
Spinny
14 Feb 2022
Spocto(2014, Bangalore)
Stealth mode customer engagement platform
CredAvenue
14 Feb 2022
Glaucus logistics(2015, Delhi, $2.0M)
Cloud-based end-to-end logistics solutions for e-tailers
ShipRocket
15 Feb 2022
SchoolMitra(2013, Noida)
SaaS School Management System
Eupheus
16 Feb 2022
Swasthya Sewak(2017, Delhi)
Provider of patients advocate services
Ayu Health

Acquisitions (2/3)
37
16 Feb 2022
BSG(2010, Mumbai)
Cloud-based core banking solution
M2P Fintech
16 Feb 2022
GetMyUni(2013, Bangalore, $0.0M)
Student community platform for networking & university reviews
CollegeDekho $1.9M
21 Feb 2022
Neurafarms(2017, Indore)
Provider of cloud and AI-based data optimization solutions for
farming businesses
AiDash
21 Feb 2022
ArtiVatic(2017, Bangalore, $1.0M)
AI-based software suite for insurance & health businesses
RenewBuy
21 Feb 2022
Benow(2016, Mumbai, $3.0M)
UPI enabled payment solution for merchants and consumers
Mosambee
22 Feb 2022
Superset(2016, Bangalore, $1.5M)
Placement management solution for educational institutions
Great Learning
22 Feb 2022
247Around(2015, Noida)
Online platform that provides home appliance repair services
servify.tech
22 Feb 2022
Fintellix(2006, Bangalore, $17.9M)
Cloud based financial risk management solutions for banking
TransUnion $515.0M
23 Feb 2022
numberz(2014, Gurgaon, $5.2M)
Provider of AI-based solutions for accounts receivable and
collection management
Chargebee
25 Feb 2022
GramworkX(2019, Mumbai)
Provider of IoT and AI enabled smart farm resource management
tool
WayCool

Acquisitions (3/3)
38
25 Feb 2022
Karza Technologies(2015, Mumbai, $1.2M)
Loan management system with alternate credit score solution
Perfios $80.0M
27 Feb 2022
Lido(2019, Mumbai, $27.3M)
Provider of live online classes platform for students
Vedantu
28 Feb 2022
Munim(2020, Bangalore)
Employee, attendance, and salary management application
bikewo.in
28 Feb 2022
Whizzard(2019, Hyderabad, $0.6M)
Provider of last mile delivery services for e-commerce
Mahindra Logistics $9.5M
28 Feb 2022
Tizum(2013, Mumbai)
Internet first brand offering multi-category mobile accessories
UpScalio
28 Feb 2022
Homepuff(2014, Mumbai)
Internet-first brand of multi-category kitchenware accessories
UpScalio

Recent News (1/2)
Recent News in India Tech in February 2022
India Tech:News
39
Exit News
.
● LIC likely to launch $8 billion IPO on March 11 TIMES NOW
.
● Gupshup Acquires AI Voice Leader Knowlarity, Strengthens Conversational
Engagement Portfolio Business Wire
.
● Wego signs agreement with Flipkart to acquire Cleartrip's Middle East business
New Indian Express
.
● Fitness Unicorn Cult.fit Acquires Indian Business of Gold’s Gym Enablers
.
● Swiggy preparing for $800 million IPO early next year TechStory
.
● Servify acquires 247around, an At-Home Service Platform Specialising in
Connecting Consumers with OEMs' Servic... Asian News International
.
● Federal Bank's subsidiary FedFina files IPO papers with Sebi India Web Portal
.
● Pine Labs raises $150 mn from Alpha Wave ahead of US IPO Moneycontrol
.
Fund News
.
● Trifecta Capital to raise Rs 375 crore under greenshoe option Moneycontrol
● BharatPe appoints early investor Insight Partners' lawyer on its board
Moneycontrol
.
● Instamojo names Ankur Sharma as co-founderPeople Matters
.
● Upstox onboards three senior executives to strengthen its leadership team
Adgully
.
● Indian robotics firm Addverb Technologies expands US footprint Gadgets Now
.
● Melorra appoints Domino's India's Kushal Singh as Head of Marketing
BestMediaInfo
.
● Lenskart appoints Madhur Acharya as vice-president e-commerce Fashion Network
.
● BharatPe board accepts Madhuri Jain’s resignation that she never sent bgr.in
.
Company News
.
● FDA Grants Breakthrough Designation for Datar Cancer Genetics Early-Stage
Prostate Cancer Detection Blood Test PR Newswire
.
● Mylab marks its foray into the vaccine and therapeutics segment Deccan Herald

Recent News (2/2)
Recent News in India Tech in February 2022
India Tech:News
40
● The Man Company enters nutraceuticals with dissolvable vitamin strips
Moneycontrol
.
● EarlySalary strengthens its BNPL offering and forays into the healthcare sector
Asian News International
.
● FarEye Accelerates Growth with Expansion in the U.S. and Mexico Business Wire
.
Regulatory News
.
● Naaptol & GSK On CCPA Radar: Sensodyne Ads To Discontinue In India &
Naaptol To Pay Rs 10 Lakh Fine The Indian Wire
.
● Anil Ambani, RHFL, 3 others barred from securities market by SEBI Business Today

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