Tracxn - Geo Monthly Report - India Tech - Mar 2022

TRACXN MONTHLY REPORT
MARCH 2022
INDIA TECH

India Tech - March 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 33
Recent News 37

India Tech Snapshot – March 2022
India Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$2.8B
53
Overall Geo Stats
20
34
264
103
137
Funding Rounds $ Invested Analyst Picks
Games24x7
Upgraded to
UNICORN
New Investors
Sparta Group
Transportation
Resource Partners
Series A+ rounds Active Investors IPOs Acquisitions
Fedena
OneTraker
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Delhi NCR
(38 Rounds, $739M)
Bangalore
(32 Rounds, $1.5B)
Mumbai
(24 Rounds, $227M)
Gurgaon
(20 Rounds, $531M)
$965M - Series F
BYJU'S (2011, Bangalore, $5.0B)
$200M - Series A
Oxyzo (2016, Gurgaon, $200M)
$150M - Series F
Licious (2015, Bangalore, $488M)
$137M - Series B
CredAvenue (2017, Chennai, $227M)
Y Combinator
(8 Investments)
Tiger Global Management
(6 Investments)
Accel
(4 Investments)
LetsVenture
(4 Investments)
K-12 EdTech
BYJU'S
Test Preparation Tech
Mentor Match
Alternative Lending
Oxyzo
Online Grocery
Licious
Market Size
Companies Covered 93,650
Funded Companies 9,904
Total Funding $132B
Funding in last 12 months $43.1B
Top Exits
IPOs 139
Acquisitions 1,201
Company Stage
Unicorns 81
Soonicorns 236
Minicorns 883
Editor Picks 6,116
Series A+ 1,704
Series C+ 395
Acqui-Hires 111
Deadpooled 15,968
Top Cities
Bangalore (5,799 Rounds, $63.1B)
Delhi NCR (4,495 Rounds, $39.7B)
Top Investors
AngelList (265 Investments)
LetsVenture (256 Investments)

Investment Snapshot
Investment Snapshot of India Tech as of March 2022
India Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
BYJU'S
(2011, Bangalore, $5.0B)
$965M - Series F Sumeru Ventures
Oxyzo
(2016, Gurgaon, $200M)
$200M - Series A Alpha Wave Global
Licious
(2015, Bangalore, $488M)
$150M - Series F Amansa Capital
CredAvenue
(2017, Chennai, $227M)
$137M - Series B Insight Partners
City Mall
(2019, Gurgaon, $114M)
$75.8M - Series C Norwest Venture Partners
Money View
(2014, Bangalore, $128M)
$75.0M - Series D Tiger Global Management
Games24x7
(2006, Mumbai, $107M)
$75.0M - Series C Malabar Investments
Classplus
(2015, Noida, $158M)
$70.0M - Series D Alpha Wave Global
Country Delight
(2015, Gurgaon, $136M)
$65.4M - Series D Venturi Partners
Pocket FM
(2018, Gurgaon, $94.3M)
$65.0M - Series C Naver
ShareChat
(2015, Bangalore, $1.5B)
$60.5M - Series G Times Internet
*Shows only the lead Investors

List of Funding Rounds (1/15)
List of Funding Rounds in India Tech in March 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
$10.0M - Series C
GOQii (2014, Mumbai, $134.6M)
Provider of a wearable wristband integrated with
personalized coaching
Animocabrands
LATE STAGE
$11.0M - Series D
INDMoney (2019, Gurgaon, $159.1M)
Comparison and advisory platform for financial
products
Sixteenth Street Capital, Peyush Bansal, Ankur
Warikoo, Ashish Kashyap, Sunny Bajaj, and 3 more
LATE STAGE
$30.0M - Series C
Zeta (2015, Bangalore, $349.9M)
Cloud-based payment & banking solutions for banks
and enterprises
Mastercard
LATE STAGE
$35.0M - Series C
Plum (2013, Thane, $51.8M)
Internet first brand offering organic skincare products
A91 Partners, Unilever Ventures, Faering Capital
LATE STAGE
$45.0M - Series C
LambdaTest (2017, San Francisco, $70.4M)
Cloud-based cross browser testing solutions provider
Sequoia Capital, Premji Invest, Telstra Ventures, Blume
Ventures, Leo Capital
LATE STAGE
$50.0M - Series E
Pine Labs (1998, Noida, $1.6B)
POS terminals for businesses and merchants
Actis, Vitruvian Partners, Sequoia Capital, PayPal,
Temasek
LATE STAGE
$50.0M - Series C
Captain Fresh (2019, Bangalore, $109.1M)
Online B2B platform offering seafood products
Prosus, Tiger Global Management, Naspers, Incubate
Fund, Ns Trading And Investments, and 3 more
LATE STAGE
$55.0M - Series C
Vivriti Capital (2017, Chennai, $162.9M)
Debt financing platform for corporates, SMEs and
individuals
Lightrock, Creation Investments
LATE STAGE
$60.5M - Series G
ShareChat (2015, Bangalore, $1.5B)
Provider of a vernacular-based social networking
platform
Times Internet

6
LATE STAGE
$65.0M - Series C
Pocket FM (2018, Gurgaon, $94.3M)
Online platform for internet radio and podcast
streaming
Naver, Goodwater Capital, Tanglin Venture Partners
LATE STAGE
$65.4M - Series D
Country Delight (2015, Gurgaon, $135.8M)
Online retailer offering dairy products
Venturi Partners, Trifecta Capital, Matrix Partners,
Elevation, IIFL Finance, and 1 more
LATE STAGE
$70.0M - Series D
Classplus (2015, Noida, $158.4M)
Provider of tuition class management software
Alpha Wave Global, Tiger Global Management,
Transportation Resource Partners, RTP Global, Chimera
LATE STAGE
$75.0M - Series C
Games24x7 (2006, Mumbai, $107.4M)
Developer of casual video games
Malabar Investments, Raine Group, Tiger Global
Management
LATE STAGE
$75.0M - Series D
Money View (2014, Bangalore, $128.1M)
App-based platform for personal loans
Tiger Global Management, Winter Capital, Evolvence
India, Accel, South Park Commons, and 4 more
LATE STAGE
$75.8M - Series C
City Mall (2019, Gurgaon, $114.4M)
Online group-buying portal for multi-category products
Norwest Venture Partners, Citius, Ahm Investments,
Elevation, General Catalyst Partners, and 5 more
LATE STAGE
$150.0M - Series F
Licious (2015, Bangalore, $488.3M)
Online platform offering meat and seafood products
Amansa Capital, Axis Growth Avenues AIF – I, Temasek,
Multiples Equity, 3one4 Capital, and 8 more
LATE STAGE
$964.7M - Series F
BYJU'S (2011, Bangalore, $5.0B)
App-based platform providing courses for competitive
test preparation and supplementary courses for
students
Sumeru Ventures, Vitruvian Partners, Ams Investment
Management, Bearnaise Lux, Master Bond, and 2 more

7
EARLY STAGE
$91.3K - Series A
Yellow Class (2020, Gurgaon, $8.4M)
Online platform providing courses related to
extracurricular activities for kids
Pivot Family X9 Trust, Varun Alagh, Vivek Chaturvedi
EARLY STAGE
$433.5K - Series A
XYXX (2017, Surat, $9.1M)
Internet first brands offering inner-wear and lounge-
wear
Sauce, Sameer Maheshwari
EARLY STAGE
$974.5K - Series B
WorkIndia (2015, Mumbai, $12.5M)
Tech-based platform for matching employers and
employee in the mixed collar segment
Persol Venture Partner
EARLY STAGE
$1.2M - Series B
Livpure (2011, Gurgaon, $53.5M)
Internet first brand of smart water purifiers
NK Investment Group
EARLY STAGE
$1.7M - Series A
Venera Tech (2003, Noida, $2.7M)
Video solutions and digital media company
Allison Wood Ventures
EARLY STAGE
$2.2M - Series A
Zimyo (2018, Gurgaon, $3.9M)
Human resource management software
IndiaMART
EARLY STAGE
$2.7M - Series A
ShipsKart (2017, Delhi, $3.0M)
Online B2B marketplace for maritime services &
logistics
TMV, , Eternia Invest, Motion Ventures, Tradeworks.vc
EARLY STAGE
$3.4M - Series A
OutGo (2016, Pune, $3.4M)
Mobile platform to manage your receive payments
Neo Innovation, Pioneer Square Labs, Bezos
Expeditions, Dan Lewis, Jason Droege, and 1 more
EARLY STAGE
$5.0M - Series A
oslash (2020, Bangalore, $7.5M)
Cloud-based tool to create short links to search for
web pages and documents
Kunal Shah, Christian Oestlien, Akshay Kothari, Cristina
Cordova

8
EARLY STAGE
$5.0M - Series A
Mukunda Foods (2012, Bangalore, $8.0M)
Provider of kitchen automation and robotic solutions
for commercial kitchens
Zomato
EARLY STAGE
$5.0M - Series A
Cure Skin (2016, Bangalore, $5.6M)
Developer of AI-driven app for automated diagnosis of
skin conditions
JSW Ventures, Sharrp Ventures, SenseAI
EARLY STAGE
$9.0M - Series A
Snapmint (2015, Mumbai, $21.3M)
Online marketplace for point of sale financing
Negen Capital PMS, Anicut Capital, 9Unicorns,
Prashasta Seth, Ramakant Sharma, and 1 more
EARLY STAGE
$10.0M - Series A
ClayWorks (2017, Bangalore, $10.0M)
Provider of shared working spaces
Nisus Finance Services
EARLY STAGE
$10.0M - Series A
Deeptek (2017, Pune, $10.0M)
AI augmented diagnostic tools for radiology imaging
Tata Capital
EARLY STAGE
$10.0M - Series A
LILA Games (2020, Bangalore, $12.8M)
Developer of mobile-based shooter game
Rainfall Ventures, BITKRAFT Ventures, Krafton, Galaxy
Interactive, Sequoia Capital, and 3 more
EARLY STAGE
$10.1M - Series A
Prozo (2014, Noida, $13.2M)
Cloud-based e-commerce enabler and accelerator for
SMEs, D2C brands, and Enterprises
Sixth Sense Ventures, HNI Corporation, JAFCO Asia,
Neha Lashit Sanghvi
EARLY STAGE
$13.0M - Series A
OneCode (2018, Noida, $18.6M)
Provider of referral-based marketing solutions
General Catalyst Partners, Surge, WaterBridge, Nexus
Venture Partners
EARLY STAGE
$13.1M - Series B
ToothSi (2018, Mumbai, $38.1M)
Provider of an online platform for the purchase of
customized dental braces

9
EARLY STAGE
$15.0M - Series A
UpScalio (2021, Gurgaon, $57.5M)
Platform acquiring e-commerce businesses
Gulf Islamic Investments, Unity Bank, Northern Arc
EARLY STAGE
$15.0M - Series B
EKincare (2014, Hyderabad, $20.8M)
Online employee health benefit management tool
HealthQuad, Sabre Partners India, Eight Roads
Ventures, Siana, Endiya Partners, and 1 more
EARLY STAGE
$20.0M - Series A
Draup (2017, Bangalore, $20.0M)
Sales enablement platform for enterprises
HKW
EARLY STAGE
$20.0M - Series A
100ms (2020, Bangalore, $24.5M)
Cloud-based white-label video conferencing software
provider
Alpha Wave Global, STRIVE, LocalGlobe, Matrix
Partners India, Accel
EARLY STAGE
$23.0M - Series A
Filo (2020, Gurgaon, $25.3M)
Mobile-based platform providing tutoring and doubt-
clearing solutions for school students
Anthos Capital, GSV Ventures, Better Capital, Saplings
Capital, Gokul Rajaram, and 4 more
EARLY STAGE
$25.0M - Series A
Pixxel (2019, Bangalore, $61.2M)
Provider of satellite-based Earth-imaging solutions
Radical Ventures, Seraphim Capital, Inventus Capital
India, Blume Ventures, Sparta Group, and 2 more
EARLY STAGE
$26.1M - Series B
Ferns N Petals (1994, Pune, $26.1M)
Online gifting platform offering flowers and gifting
products
Lighthouse
EARLY STAGE
$32.0M - Series B
Otipy (2020, Gurgaon, $44.7M)
App-based platform offering fruits and vegetables
WestBridge, SIG, Omidyar Network India

10
EARLY STAGE
$32.0M - Series B
FarMart (2015, Gurgaon, $48.0M)
P2P rental platform for farm equipment
General Catalyst Partners, Omidyar Network India,
Avaana Capital Advisors, Catalyst Funds, 500 Global,
and 1 more
EARLY STAGE
$36.4M - Series A
Wiz (2019, Chennai, $40.1M)
Provider of freight forwarding platform
Tiger Global Management, Alteria Capital, Stride
Ventures, Axilor Ventures, Foundamental, and 1 more
EARLY STAGE
$40.0M - Series B
Qure.ai (2016, Mumbai, $59.9M)
AI-based decision support tool for diagnostic images
Novo Holdings, MassMutual Ventures, HealthQuad
EARLY STAGE
$42.0M - Series A
Loco (2020, Mumbai, $51.0M)
Online platform for live streaming video games
Hashed, Lumikai, Krafton, Catamaran, Hiro Capital, and
2 more
EARLY STAGE
$50.0M - Series B
Atlan (2018, Delhi, $68.6M)
DataOps platform for multiple teams
Salesforce Ventures, Sequoia Capital, Insight Partners,
WaterBridge Ventures, Taylor Brown, and 1 more
EARLY STAGE
$137.0M - Series B
CredAvenue (2017, Chennai, $227.0M)
Cloud-based lending solution for banks and credit
institutions
Insight Partners, B Capital Group, Dragoneer
Investment Group
EARLY STAGE
$200.0M - Series A
Oxyzo (2016, Gurgaon, $200.0M)
Online marketplace for business credit lines
Norwest Venture Partners, Creation Investments,
Matrix Partners India
EARLY STAGE
Series A
5C Network (2014, Bangalore, $1.8M)
Provider of cloud-based teleradiology solutions to
hospitals and physicians
1mg, Vikram Vuppala, Om Manchanda, Viren Prasad
Shetty
EARLY STAGE
Series B
KnolSkape (2008, Bangalore)
Gamification based Learning for Companies
Mela Ventures

11
EARLY STAGE
Series A
OmniActive (2004, Mumbai, $35.3M)
Developer of nutritional supplements for multiple
health ailments
IIFL Asset Management
SEED STAGE
$45.5K - Seed
RackBank (2013, Indore, $45.5K)
Data center and hosting services provider
IFCI Venture Capital Funds
SEED STAGE
$65.5K - Angel
Ariro Toys (2020, Chennai, $65.5K)
Internet first brand offering eco-friendly handcrafted
toys for kids
Aman Gupta, Peyush Bansal
SEED STAGE
$98.9K - Seed
Bummer (2019, Ahmedabad, $276.2K)
Internet first brand offering inner-wear for men and
women
SEED STAGE
$125.0K - Seed
Kaagaz (2020, Gurgaon, $721.8K)
Provider of a cloud-based document scanning and
storage app
Y Combinator
SEED STAGE
$125.0K - Seed
Harmoney (2020, Mumbai, $125.0K)
Online investment platform for bonds
Y Combinator
SEED STAGE
$125.0K - Seed
Vance (2022, Parel, $125.0K)
Online platform for revenue-based financing
Y Combinator
SEED STAGE
$125.0K - Seed
Yodaa (2020, Mumbai, $125.0K)
Payment card and money management app for teens
Y Combinator
SEED STAGE
$125.0K - Seed
Material Depot (2021, Hyderabad, $375.0K)
Provider of an online marketplace for building
materials
Y Combinator
SEED STAGE
$125.0K - Seed
BharatX (2019, Chennai, $375.0K)
Software for point of sale financing
Y Combinator
SEED STAGE
$125.0K - Seed
Tingo (2022, Gurgaon, $125.0K)
Provider of a social dialer app
Y Combinator

12
SEED STAGE
$131.0K - Seed
Revoh (2017, Chennai, $131.0K)
Tech-enabled end-to-end hardware and software
solutions for electric vehicles
IITM Incubation Cell
SEED STAGE
$131.1K - Seed
perspectAI (2017, Hyderabad, $828.5K)
AI-based gamified talent assessment platform provider
T-Hub
SEED STAGE
$160.0K - Seed
PensionBox (2021, Bangalore, $193.3K)
AI-based enabled platform for retirement planning for
the workforce
Keynote, Sat Industries, Kishore Ganji, Aprameya
Radhakrishna, Ganji Kishore Kumar, and 9 more
SEED STAGE
$200.0K - Angel
NextMeet (2020, Hyderabad, $314.8K)
Provider of an avatar-based VR platform for remote
collaboration
Sudhakar Reddy Chirra
SEED STAGE
$325.3K - Seed
Atmosphere (2020, Mumbai, $325.3K)
Online retail platform offering multi-category furniture
Italica
SEED STAGE
$328.5K - Seed
Carnot (2015, Mumbai, $2.2M)
Provider of an AI-enabled guidance system for Tractors
Mahindra
SEED STAGE
$350.0K - Seed
GetWyld (2021, Mumbai, $350.0K)
Online platform offering discount cards and social
network-based shopping
Better Capital, Singularity Ventures, Aman Gupta, Aditi
Shrivastava, Sameer Mehta, and 9 more
SEED STAGE
$394.2K - Seed
O hi (2021, Jaipur, $394.2K)
Online platform to discover and connect with people at
restaurants
Rahul Mehta
SEED STAGE
$400.0K - Seed
Paperplane (2021, Kanpur, $400.0K)
Online platform providing clinic management solutions
Cornerstone Venture Partners Fund, LV Angel Fund

13
SEED STAGE
$400.0K - Seed
Welly (2020, Delhi, $400.0K)
Provider of healthcare supplements
Anthill, Roshan Abbas, Allu Sneha Reddy
SEED STAGE
$436.7K - Angel
Mokobara (2019, Bangalore, $1.1M)
Internet-first brand offering luggage
Ashish Goel
SEED STAGE
$459.0K - Seed
MediSim VR (2018, Chennai, $459.0K)
Provider of simulators for healthcare training
IPV, The Chennai Angels, Jana Balasubraman
SEED STAGE
$500.0K - Seed
NutrifyToday (2021, Hyderabad, $500.0K)
AI and cloud-based marketplace management platform
for healthcare professionals
Anand Swaroop
SEED STAGE
$537.5K - Seed
KidEx (2020, Gurgaon, $1.0M)
Online platform providing gamified experimental
learning certification platform
Lead Angels, Samratap, Shantanu Preetam, Kushal J
Khandwala, Nupur Pavan Bang, and 10 more
SEED STAGE
$613.6K - Seed
Talkative Parents (2014, Bangalore, $613.6K)
Platform offering contact center solutions
Development Bank of Wales, Wesley Clover
SEED STAGE
$650.0K - Seed
IntelleWings (2018, Delhi, $823.4K)
AI-enabled AML solutions for financial institutions
Padup Ventures, Reinforced Ventures, Dallas Venture
Capital, Vinners, SucSEED Indovation
SEED STAGE
$727.3K - Seed
Eat Better (2020, Jaipur, $727.3K)
Platform offering dry fruits
JavaCapital, Mumbai Angels, Plan B capital, ShipRocket,
Capier Investments, and 9 more
SEED STAGE
$750.0K - Seed
VAMA (2020, Delhi, $1.0M)
Online platform offering astrology services
Huddle, 7Square Ventures, Kunal Shah, Varun Alagh,
Harit Nagpal, and 11 more
SEED STAGE
$1.0M - Seed
Macmerise (2012, Mumbai, $1.0M)
Private label brand offering mobile accessories
IPV, NAFA Capital Advisors, Ajmera Realty, Amitabh
Bachchan, Tarun Katial

14
SEED STAGE
$1.0M - Seed
Hashstack Finance (2021, Bangalore, $1.0M)
DeFi under-collateralised lending protocol
Ghaf Capital Partners, Moonrock Capital,
MarketAcross, Chain Ridge Capital, Kane & Rao Group,
and 1 more
SEED STAGE
$1.0M - Seed
Growfitter (2016, Mumbai, $2.5M)
Provider of reward-based fitness training programs
Inflection Point Ventures, Mumbai Angels, Startup
Angels Network, Blockchain Founders Fund, JPIN, and 4
more
SEED STAGE
$1.0M - Seed
Pocketly (2019, Bangalore, $1.3M)
App-based platform for micro-loans
Dholakia Ventures, Kunal Shah, Apurva Parekh,
Siddharth Somaiya, Aaryaman Vir Shah
SEED STAGE
$1.0M - Seed
Mentor Match (2020, Chennai, $1.0M)
Online platform providing college entrance exam
doubt clearance solutions
Sapient Wealth
SEED STAGE
$1.1M - Seed
Gamerji (2018, Ahmedabad, $1.7M)
Real money based gaming platform
Unicorn India Ventures, Stadia Ventures
SEED STAGE
$1.1M - Seed
Lobb (2015, Bangalore, $1.7M)
Online marketplace providing long-haul logistics
services
3one4 Capital, Byju Pillai, Gopal Kaul, Srinath
Ramakkrushnan, Mohit Mittal, and 2 more
SEED STAGE
$1.1M - Seed
MetalBook (2021, Delhi, $1.1M)
Provider of a SaaS-enabled marketplace for steel
auctioning
Axilor Technology Fund 1, Stride Ventures, RTP
Ventures, Foundamental, Shridhar Gupta, and 1 more
SEED STAGE
$1.2M - Seed
Taqanal Energy (2018, Bangalore, $1.2M)
Provider of solutions for energy storage management
system
JITO Incubation & Innovation Foundation, KITVEN,
LetsVenture, Wellington Advisors
SEED STAGE
$1.5M - Seed
Techforce.ai (2016, Reston, $1.5M)
Integrated cognitive automation platform
Arjun Malhotra, Bhaskar Pramanik, Somshankar Das

15
SEED STAGE
$1.5M - Angel
Molitics (2016, Gurgaon, $1.5M)
Mobile app that delivers political news
Saamag
SEED STAGE
$1.6M - Seed
AjnaLens (2014, Thane, $7.7M)
Provider of AI-powered mixed reality glasses
LetsVenture, JITO Incubation & Innovation Foundation
SEED STAGE
$1.6M - Seed
Xeno (2015, Delhi, $1.6M)
Provider of marketing solution for businesses
VINYL, Techstars, , JavaCapital, Angel Invest Ventures,
and 11 more
SEED STAGE
$1.7M - Seed
Pi Beam (2013, Chennai, $3.0M)
Manufacturer of electric-motorcycles
IPV, Conscience Multi Family Office, Sattva Group,
Sincere Syndication, Arshad Sayyad, and 3 more
SEED STAGE
$1.8M - Seed
TimelyAI (2021, Bangalore, $1.8M)
Platform offering software for scheduling
appointments
SEED STAGE
$2.0M - Seed
Data Science Wizards (2019, Mumbai, $2.0M)
Provider of AI training services
Clover Infotech
SEED STAGE
$2.0M - Seed
Zapkey (2016, Mumbai, $2.0M)
Online platform providing property registration data
Gruhas, Blume Ventures, DLF Venture, Alkem
Laboratories, Aprameya Radhakrishna, and 2 more
SEED STAGE
$2.1M - Seed
Deliq Finance (2021, Pune, $2.1M)
Blockchain-based network for liquidity infrastructure
layer
Shima Capital, LD Capital, Polkastarter, Hotbit, Bixin
Ventures, and 12 more
SEED STAGE
$2.2M - Seed
Saarthi Pedagogy (2018, Ahmedabad, $3.1M)
Online learning resource provider for teachers
Pinnacle Investment Management, LetsVenture

16
SEED STAGE
$2.2M - Seed
Cub McPaws (2018, Mumbai, $5.2M)
Internet-first brand offering apparel for kids
SEED STAGE
$2.2M - Seed
Janani (2020, Bangalore, $3.5M)
End-to-end solutions for sexual and reproductive
health
Y Combinator, Olive Tree Capital, Goodwater Capital,
Brightlane Ventures, Soma Capital, and 3 more
SEED STAGE
$2.5M - Seed
Lecturenotes.in (2011, Bhubaneswar, $2.9M)
Online repository of student-sourced lecture notes
Jani Ventures
SEED STAGE
$2.7M - Seed
BuyerAssist (2020, Pune, $4.7M)
Platform offering buyer engagement solutions
SEED STAGE
$3.0M - Angel
Fipola (2016, Chennai, $12.8M)
Processor and retailer of meat products
C. Ok. Ranganathan
SEED STAGE
$3.0M - Seed
The Ayurveda Co (2020, Gurgaon, $3.0M)
Internet first brand offering multi-category ayurvedic
beauty products
Wipro, Rahul Gupta, Harsh Gupta
SEED STAGE
$3.0M - Seed
Seekho (2021, Gurgaon, $3.0M)
Center of education providing professional education
courses
Surge, JM Financial, Trica, Yujkutumb, LetsVenture, and
3 more
SEED STAGE
$3.0M - Seed
Zocket (2021, Chennai, $3.5M)
Platform offering social media based campaign
management software
Kalaari Capital, Kettleborough VC, Taijitu opportunities,
Jasminder Singh Gulati
SEED STAGE
$3.5M - Seed
EnggOnline (2005, Mumbai, $3.5M)
Mobile-based platform providing Engineering-related
learning solutions
Madhu Kela, PS Jayakumar, Kishor Shah, Kirti Doshi,
Sanjay Dangi, and 4 more

17
SEED STAGE
$4.0M - Seed
Credilio (2020, Mumbai, $4.8M)
Online marketplace for personal loans
Cornerstone Venture Partners Fund, Exfinity Venture
Partners, Mukul Agarwal
SEED STAGE
$4.0M - Seed
iSprout (2016, Hyderabad, $4.0M)
Provides managed co-working spaces
SEED STAGE
$5.0M - Seed
CREDOPAY (2017, Chennai, $7.5M)
Cloud-based merchant banking solution
EzSwype, Zent International
SEED STAGE
$5.5M - Seed
SuperK (2019, Kadapa, $7.1M)
Provider of store retail chain solution for Tier 2 towns
021 Capital, Blume Ventures, Mars Shot Ventures,
Saikiran Krishnamurthy, Ankit Nagori, and 2 more
SEED STAGE
$6.0M - Seed
Junio (2020, Delhi, $8.0M)
Prepaid cards for children
NB Ventures, Rajiv Dadlani Group
SEED STAGE
$6.0M - Seed
edgegrid (2013, Hyderabad, $6.0M)
App-based power trading platform
Lightrock, Theia Ventures
SEED STAGE
$20.0M - Seed
Kuhoo (2021, Mumbai, $20.0M)
Online platform providing student loans for students
WestBridge
SEED STAGE
$30.0M - Angel
BlueStone (2011, Bangalore, $104.2M)
Internet first brand offering jewelry and accessories
Sunil Kant Munjal
SEED STAGE
Angel
Stage3 (2015, Delhi, $5.7M)
Online marketplace offering second-hand multi-
category fashion products
Athiya Shetty

18
SEED STAGE
Seed
WCube (2019, Gurgaon)
Provider of software suite solutions for the enterprise
Mumbai Angels, x10x ventures
SEED STAGE
Seed
QPe (2021, Delhi)
Platform offering storefront solution for offline
businesses
Daniel Keloha
SEED STAGE
Seed
Phono Logix (2020, Chennai)
Provider of an online speech therapy platform for
people with autism
DERBI Foundation
SEED STAGE
Seed
Calligotech (2012, Bangalore, $320.2K)
Platform offering high performance computing solution
KITVEN, UST,
SEED STAGE
Seed
Oorjaa (2021, Mumbai)
Offers AI & web-based freight transportation
management solutions
IPV, Vinners
SEED STAGE
Seed
Coexin Technologies (2020, Bangalore)
Online electronic cognitive diagnostic and exercise
tools for patients
DERBI Foundation
SEED STAGE
Seed
Hesa (2021, Hyderabad, $2.0M)
Correspondent banking solutions
Hyderabad Angels
SEED STAGE
Seed
CRE Matrix (2016, Mumbai, $288.7K)
Real estate data analysis platform
Sotheby’s International Realty
SEED STAGE
Seed
Stack (2019, Bangalore, $5.1M)
Online robo advisor platform
SucSEED Indovation, Kunal Shah
SEED STAGE
Angel
PickYourTrail (2014, Chennai, $6.7M)
Online personalized holiday package booking platform
Kunal Shah, Adit Parekh, Vinay Ahuja

19
SEED STAGE
Seed
Physics Motors (2017, Bangalore)
Designs & manufactures electric vehicle drive train
systems
Kiran Patel
SEED STAGE
Seed
HairVeda (2020, Delhi)
Internet first brand offering natural hair care products
Prashant Kaushik
SEED STAGE
Seed
FlexC (2020, Gurgaon)
Online platform to connect freelance business
consultants and clients
FyneHand
SEED STAGE
Seed
LootMogul (2020, Mumbai)
Provider of an online sports quiz platform for NFT
rewards
Harmony
SEED STAGE
Seed
Wellcurve (2019, Delhi)
Online platform offering multi-category grocery
products
Benevolent Capital, Tommy Rosen
SEED STAGE
Seed
AgriVijay (2020, Pune)
Online marketplace offering renewable energy
products & services for farmers
Indigram Labs
SEED STAGE
Angel
KICO (2021, Delhi)
AI and app-based platform offering online tutoring
solutions for school students
SEED STAGE
Seed
Chhotastock (2021, Bangalore)
Online platform for trading in stocks
SC Innovations Funds
SEED STAGE
Seed
Malbork (2018, Bangalore)
App-based platform offering electric taxi-hailing
services
Yamaha Motor

New Investors (1/2)
List of New Investors in India Tech in March 2022
India Tech: List of New Investors
20
Investor Company Info Round Amount Round Name
Sparta Group
3 portfolio companies | Venture capital fund focused on multiple sectors
Pixxel
Provider of satellite-based Earth-imaging solutions
$25.00M Series A
Transportation Resource Partners
5 portfolio companies | PE firm investing in North America
Classplus
Provider of tuition class management software
$70.00M Series D
Unity Bank
2 portfolio companies | Commercial bank
UpScalio
Platform acquiring e-commerce businesses
$15.00M Series A
Reinforced Ventures
6 portfolio companies | Micro-venture capital fund investing in tech sectors
IntelleWings
AI-enabled AML solutions for financial institutions
$650K Seed
HKW
2 portfolio companies | Venture capital firm focused on growth-stage
companies
Draup
Sales enablement platform for enterprises
$20.00M Series A
Sincere Syndication
1 portfolio companies | Sincere Syndication
Pi Beam
Manufacturer of electric-motorcycles
$1.70M Seed
LocalGlobe
185 portfolio companies | Seed centric tech-focused VC firm investing primarily
in Europe and the US
100ms
Cloud-based white-label video conferencing software provider
$20.00M Series A
DCI
3 portfolio companies | Diversified investment management firm and fund of
funds
Deliq Finance
Blockchain-based network for liquidity infrastructure layer
$2.10M Seed
Master Bond
1 portfolio companies | Manufacturer of adhesives, sealants, and coating
products
BYJU'S
App-based platform providing courses for competitive test preparation
and supplementary courses for students
$965M Series F
hcsoffshore.com
1 portfolio companies | Offshore Company Formation Services in Cayman
Islands - Hermes Corporate
ShipsKart
Online B2B marketplace for maritime services & logistics
$2.70M Series A

New Investors (2/2)
List of New Investors in India Tech in March 2022
India Tech: List of New Investors
21
Investor Company Info Round Amount Round Name
Kotak Private Equity Group
4 portfolio companies | Retail bank
Licious
Online platform offering meat and seafood products
$150M Series F
Damo Labs
5 portfolio companies | Venture capital firm focused on web 3, defi, and gamfi
sectors
Deliq Finance
Blockchain-based network for liquidity infrastructure layer
$2.10M Seed
Harmony
1 portfolio companies | Public blockchain protocol
LootMogul
Provider of an online sports quiz platform for NFT rewards
Undisclosed Seed
FyneHand
1 portfolio companies | Home - FyneHand
FlexC
Online platform to connect freelance business consultants and clients
Undisclosed Seed
Ahm Investments
1 portfolio companies | Venture capital fund focused on multiple sectors
City Mall
$75.79M Series C
TMV
16 portfolio companies | Venture capital firm investing in tech-enabled
companies & entrepreneurs
ShipsKart
$2.70M Series A
Bearnaise Lux
1 portfolio companies | Venture capital firm focused on early-stage investments
BYJU'S
$965M Series F
Sasa Partner
1 portfolio companies | Venture capital firm focused on multiple sectors
BYJU'S
$965M Series F
Chain Ridge Capital
3 portfolio companies | Venture capital firm focused on blockchain technology
Hashstack Finance
$1.00M Seed
Motion Ventures
3 portfolio companies | Venture capital firm focused on early stage investment
ShipsKart
$2.70M 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 ▲54 B2C Multi Product Marketplaces $3.6B 12 Flipkart | $3.6B | Series J
2 <> 0 Online Test Preparation Courses $2.7B 9 BYJU'S | $965M | Series F
3 <> 0 Hyperlocal Delivery $2.2B 7 Swiggy | $1.3B | Series J
4 ▼-3 Food Ordering Platforms $1.9B 2 Swiggy | $1.3B | Series J
5 ▼-1 Vernacular Content Sharing Platforms $1.5B 6 ShareChat | $502M | Series E
6 ▲51 POS Payment Terminals $1.2B 11 Pine Labs | $600M | Series E
7 ▲64 Digital Wallets $1.1B 5 Paytm | $1.1B | Series H
8 ▼-1 Social Reselling Platforms $904M 6 Meesho | $570M | Series F
9 ▲24 Internet First Working Capital Loans Marketplaces $747M 5 OfBusiness | $325M | Series G
10 <> 0 Online Marketplace for Drugs $738M 6 PharmEasy | $300M | Series D

New Analyst Picks (1/10)
Interesting Companies identified by Analysts in India Tech in March 2022
India Tech: Analyst Picks
23
Upgraded to UNICORN
Games24x7 (2006, Mumbai, $2.0M, Seed)
Developer of casual video games
Malabar Investments, Tiger Global Management, Raine
Group and 28 other Investors
Upgraded to UNICORN
CredAvenue (2017, Chennai, $90.0M, Series A)
Cloud-based lending solution for banks and credit
institutions
Insight Partners, B Capital Group, Dragoneer
Investment Group and 9 other Investors
Upgraded to UNICORN
Oxyzo (2016, Gurgaon, $200M, Series A)
Online marketplace for business credit lines
Norwest Venture Partners and 2 other Investors
Upgraded to SOONICORN
Blinkit (2013, Gurgaon, $24.0M, Series G)
Online platform offering multi-category grocery
supplies
Zomato, KTB Asset Management, The Times Group and
19 other Investors
Plum (2013, Thane, $2.2M, Series A)
Internet first brand offering organic skincare products
A91 Partners, Unilever Ventures, Faering Capital and 2
other Investors
Atlan (2018, Delhi, $16.0M, Series A)
DataOps platform for multiple teams
Salesforce Ventures, Sequoia Capital, Insight Partners
and 24 other Investors
LambdaTest (2017, San Francisco, $1.0M, Seed)
Cloud-based cross browser testing solutions provider
Sequoia Capital, Telstra Ventures, Blume Ventures and
12 other Investors
GOQii (2014, Mumbai, Undisclosed, Series A)
Provider of a wearable wristband integrated with
personalized coaching
Animocabrands, Sumeru Ventures, 9Unicorns and 34
other Investors
Livpure (2011, Gurgaon, $11.0M, Series A)
Internet first brand of smart water purifiers
NK Investment Group, Lakshya Holding, Ncubate
Capital Partners and 7 other Investors
FarMart (2015, Gurgaon, $2.4M, Seed)
P2P rental platform for farm equipment
General Catalyst Partners, Matrix Partners India,
Omidyar Network India and 54 other Investors
Qure.ai (2016, Mumbai, $16.0M, Series A)
AI-based decision support tool for diagnostic images
MassMutual Ventures, HealthQuad, Novo Holdings and
14 other Investors

24
City Mall (2019, Gurgaon, $282K, Seed)
Norwest Venture Partners, Elevation, Accel and 44
other Investors
Upgraded to MINICORN
Furlenco (2012, Bangalore, $351K, Angel)
Online rental platform offering furniture and home
appliance on subscription
Lightbox, Eudora Global Ventures, and 126 other
Investors
Ferns N Petals (1994, Pune, $26.1M, Series B)
Online gifting platform offering flowers and gifting
products
Lighthouseand
Filo (2020, Gurgaon, $260K, Seed)
Mobile-based platform providing tutoring and doubt-
clearing solutions for school students
Anthos Capital, GSV Ventures, Better Capital and 6
other Investors
XYXX (2017, Surat, $4.5M, Series A)
Internet first brands offering inner-wear and lounge-
wear
Sauce, Sameer Maheshwari, Trifecta Capital and 18
other Investors
Prozo (2014, Noida, $1.1M, Seed)
Cloud-based e-commerce enabler and accelerator for
SMEs, D2C brands, and Enterprises
Sixth Sense Ventures, JAFCO Asia, HNI Corporation and
19 other Investors
Deeptek (2017, Pune, Undisclosed, Seed)
AI augmented diagnostic tools for radiology imaging
Tata Capital, Doctor Net, GHV Accelerator and 4 other
Investors
Wiz (2019, Chennai, $228K, Angel)
Provider of freight forwarding platform
Tiger Global Management, Axilor Ventures,
Foundamental and 6 other Investors
oslash (2020, Bangalore, $2.5M, Seed)
Cloud-based tool to create short links to search for
web pages and documents
Kunal Shah, Christian Oestlien, Akshay Kothari and 7
other Investors

25
Kuhoo (2021, Mumbai, $20.0M, Seed)
Online platform providing student loans for students
WestBridgeand
Added to Editor's Pick
Mosambee (2008, Mumbai, $62.9K, Angel)
EMV-enabled and Hardware-based POS system
Girija Ram, Ashank Desai, Dinesh Kalani and 63 other
Investors
Cure Skin (2016, Bangalore, $500K, Seed)
Developer of AI-driven app for automated diagnosis of
skin conditions
JSW Ventures, Sharrp Ventures, SenseAI and 3 other
Investors
CashBook (2020, Bangalore, $125K, Seed)
App-based accounting and cash management solutions
for small businesses
JAM Fund, Better Tomorrow Ventures, Kunal Shah and
3 other Investors
Cogos Technologies (2016, Bangalore, $105K,
Angel)
Offers AI-based platform providing trucking services
Niraj Saran, Emergent Ventures, Indian Angel Network
Zipgrid (2013, Mumbai, $340K, Seed)
SaaS-driven housing society and community
management platform
Solidarity, Italica Furniture, Nagendran Ramamurthy
TheKabadiWala (2013, Bhopal, $176K, Angel)
Online Waste Collection Service
Siddhi Khanapurkar, Jasraj Kaluram Rathi, Naveen
Kumar Pratap Reddy and 11 other Investors
BOLT (2017, Bangalore, $4.0M, Series A)
AI and SaaS-enabled platform offering comprehensive
electric vehicle charging operator and management
solutions
Union Square Ventures, Prime Venture Partners, ITI
Growth Opportunities Fund and 24 other Investors
Flipspaces (2011, Mumbai, $3.5M, Series A)
Provider of an AR-based office interior designing
services
IIFL Finance, Invictus Capital Partners, Amrit Prime
Properties Private Limited and 18 other Investors

26
BiteSpeed (2018, Gurgaon, $275K, Seed)
Platform offering Whatapp marketing for Shopify
businesses
Surge, First Cheque, Whiteboard Venture Partners and
26 other Investors
Rupee Circle (2017, Delhi, $16.9K, Angel)
P2P based loans platform
Anuj Jain, Sushanta Chowdhury, Sankar Rajan and 36
other Investors
Yojak (2020, Delhi, $233K, Seed)
Online marketplace for procuring building materials
Beacon Trusteeship, Arun Venkatachalam, Vishal
Chaudhary and 12 other Investors
Macmerise (2012, Mumbai, $1.0M, Seed)
Private label brand offering mobile accessories
IPV, Amitabh Bachchan, Tarun Katial and 2 other
Investors
Zoho Mail (2005, Chengalpattu, Unfunded)
Cloud-based platform for unified email
Loop (2021, Bangalore, $1.0M, Seed)
Platform offering user research solution for product
teams
First Cheque,Speciale Invest,Sequoia Capitaland
BuyerAssist (2020, Pune, $2.0M, Seed)
Platform offering buyer engagement solutions
Stellaris Venture Partners,Emergent Ventures,Better
Capitaland
UrbanYogi (2018, Bangalore, $206K, Seed)
Provider of meditation practicing app to manage stress
and anxiety
Venture Highway, AngelList, 3one4 Capital and 7 other
Investors
ToolJet (2017, Bangalore, $1.6M, Seed)
Provider of an open-source and low-code platform to
build and deploy internal tools
Nexus Venture Partners, , Better Capital and 6 other
Investors
VideoKen (2016, Bangalore, $1.0M, Seed)
Video-based social learning platform
Touchstone Equities, SRI Capital, Hyderabad Angels
Verinite (2011, Pune, Unfunded)
Provider of application development services
Ashwin Ramjasand
DentalKart (2014, Delhi, Unfunded)
Provider of an online store for dental supplies

27
Xeno (2015, Delhi, $1.6M, Seed)
Provider of marketing solution for businesses
VINYL, , JavaCapital and 15 other Investors
Assiduus (2018, Bangalore, $1.0M, Series A)
Provider of e-commerce support services
Company K Partners,David Newman,Kratzel
Partnersand
PokerDangal (2017, Kolkata, $31.2K, Angel)
Online platform to play poker games
OEG,XLN Media Solutions,Gauri K Parakhand
StanceBeam (2015, Bangalore, $67.6K, Angel)
Provider of a smart cricket bat sensor for performance
analysis
Goodgame.ventures, Faad Network, Karnadeep Singh
ELDA HEALTH (2020, Bangalore, $1.5M, Seed)
Mobile app for midlife & menopause assessments and
consultation
Avaana Capital Advisors,Orios Venture Partnersand
Bhanzu (2020, Hyderabad, $2.0M, Seed)
Online platform offering math tutoring solutions
Lightspeed Venture Partners, Maninder Gulati, Gaurav
Munjal and 1 other Investors
Kisanwala (2020, Hyderabad, $1.0M, Angel)
Online platform offering multi-category crop inputs
Tanuj Vohra,Arun Kumar Agrawal,T-Huband
SafeTree (2020, Delhi, $68.6K, Angel)
AI-based platform for life and P&C insurances
Shams Ahmed Parvaz, Faiz Shams, Charu Grover and 5
other Investors
iSprout (2016, Hyderabad, $4.0M, Seed)
Provides managed co-working spaces
BuyTestSeries (2014, Pune, $44.4K, Seed)
E-Commerce portal for purchase and sale of
competitive examinations test preparation material
Softhard, CB Yedgaonkar, Ankit Jain and 8 other
Investors
Hashstack Finance (2021, Bangalore, $1.0M, Seed)
Ghaf Capital Partners, Moonrock Capital, Nimrod
Lehavi and 3 other Investors
Refrens (2019, Bangalore, $328K, Seed)
Cloud-based platform for accounting and invoicing
AngelList, ITI Growth Opportunities Fund, LetsVenture

28
Bookeventz (2012, Mumbai, $338K, Seed)
Provider of an online platform to book event venues
and banquet halls
Equanimity Investments, Ishan Singh, VC Karthic and 62
other Investors
YantraLive (2016, Bangalore, $1.0M, Seed)
Online marketplace for heavy machinery spare parts
GrowthStory,Vipul Parekhand
Fundfolio (2007, Kochi, $104K, Seed)
Online investment training and research platform for
the stock market
Y Combinator,Kube Venturesand
Broker Network (2018, Mumbai, $2.2M, Seed)
App-based agent network
Allcheckdealsand
Pumpkart (2014, Chandigarh, $127K, Angel)
Online B2B market place for pumps
, Dinesh Dua, Ritesh Malik and 1 other Investors
Safalta.com (2012, Noida, Unfunded)
Online portal for government jobs
The Fuel Delivery (2020, Mumbai, $1.0M, Seed)
App-based platform providing fuel management
solutions
Neend (2021, , $279K, Seed)
Mobile-based application for sleep management
Better Capital, Rohit Bansal, Kunal Bahl and 21 other
Investors
Purple Tutor (2019, Mumbai, $300K, Seed)
Online platform providing live online coding classes for
kids
IvyCap Ventures, Logx Venture Partners, Sheel Oil &
Fats and 13 other Investors
AIndra Labs (2016, Bangalore, $13.7K, Angel)
Provider of computer vision solutions
Mohammad Khushroo,CIICand
FreshHomez (2016, Mumbai, $144K, Seed)
An online platform to book painting services
AngelList, Srikrishnan Ganesan, Hari Venkataramani
BFIC Network (2020, Delhi, Unfunded)
App-based platform offering crypto staking and
affiliate marketing

29
NextMeet (2020, Hyderabad, $19.8K, Angel)
Provider of an avatar-based VR platform for remote
collaboration
Sudhakar Reddy Chirra, IIIT Hyderabad, Bien Solutions
TTSF Cloud One (2020, Hyderabad, $5.3M, Seed)
Internet multi-brand cloud kitchen platform
Brand Capitaland
Mobivend (2016, Bangalore, Unfunded)
Kiosks for assisted ecommerce and product delivery.
Bajrang Bahadur Bansaland
Ariro Toys (2020, Chennai, $65.5K, Angel)
Internet first brand offering eco-friendly handcrafted
toys for kids
Aman Gupta,Peyush Bansaland
GoLocall (2018, Delhi, Unfunded)
A platform offering business management software for
SMBs
Jabalpur Incubation Centerand
Cubyts (2021, Bangalore, Unfunded)
Platform offering project management software
Better Capitaland
Oorjaa (2021, Mumbai, Undisclosed, Seed)
Offers AI & web-based freight transportation
management solutions
IPV,Vinners,Kaul Venturesand
ZuPay (2021, Delhi, $435K, Seed)
App-based investment platform for mutual funds,
stocks, and IPO
Rainmatter Technology, Seabright Iv Holdings
Company, LetsVenture and 9 other Investors
JoshCam (2021, Bangalore, Unfunded)
App-based video editing platform
Revamp Moto (2020, Nashik, $134K, Angel)
Developer of electric-two-wheelers
Aman Gupta,Anupam Mittal,FreeFlowand
Sarafa Bazar (2020, Saharanpur, Unfunded)
Online B2B marketplace offering jewellery for
enterprise
Angiehomes (2015, Delhi, Unfunded)
Online retailer offering multi-category products for
home improvement

30
LootMogul (2020, Mumbai, Undisclosed, Seed)
Provider of an online sports quiz platform for NFT
rewards
Harmony,Powerhouse Venturesand
CoinCRED (2021, Delhi, Unfunded)
Online trading platform for cryptocurrencies
LemmeBe (2020, Hyderabad, $675K, Seed)
Internet first brand offering organic menstrual hygiene
products
UNI-M, Gunnwant Vaid, Aniket Gore and 1 other
Investors
EnggOnline (2005, Mumbai, $3.5M, Seed)
Mobile-based platform providing Engineering-related
learning solutions
Madhu Kela, PS Jayakumar, Kishor Shah and 6 other
Investors
Vance (2022, Parel, $125K, Seed)
Online platform for revenue-based financing
Y Combinatorand
EcoRight (2017, Ahmedabad, Unfunded)
Internet first brand offering eco-friendly handbags
Esmito (2018, Chennai, Unfunded)
Saas & IoT enabled battery management products and
solutions for electric vehicles
IITM Incubation Celland
EdYoda (2017, Bangalore, Unfunded)
Online learning platform offering courses on
technology
Paperplane (2021, Kanpur, $400K, Seed)
Online platform providing clinic management solutions
Cornerstone Venture Partners Fund,LV Angel
Fund,100X.VCand
USP Studios (2013, Mumbai, Unfunded)
Online platform for streaming video content for kids
Idodeli (2018, Chennai, $311K, Seed)
Platform offering on-demand delivery driver for food
businesses
Ceramet Consultants, Rebar Design, Akme Build Estate
Krednote (2021, Kolkata, $150K, Seed)
Online platform for point of sale financing
Sudheer Kumar Jain, Ajay Kumar Sureka, Gopal Prasad
Goenka and 1 other Investors

31
Adansa Solutions (2011, Kolkata, Unfunded)
Cloud-based accounting solutions for small businesses
OneNDF (2021, Delhi, Unfunded)
Online marketplace for business debt loans
Soptle (2021, Gurgaon, Unfunded)
Online B2B marketplace offering multi-category
products for enterprises
B612 (2016, Latur, Unfunded)
App-based photo editing platform
Prishni (2020, Bangalore, Unfunded)
Online therapeutic solutions for disabled individuals
NSRCELand
Mindgate (2008, Mumbai, Unfunded)
Provider of white label solutions for banks
School OS (2013, Mumbai, Unfunded)
App-based school management software
Whakaaro (2019, Thalassery, Unfunded)
Online platform to discover and order food from
restaurants
Edabba (2019, Kolkata, Unfunded)
Internet First Restaurant
PrivaSapien (2021, Bangalore, Unfunded)
Provider of a platform offering integrated risk
assessment solutions
DFC (2012, Kolkata, Unfunded)
Tech-enabled freight forwarding service provider
MicroHost Cloud (2010, Noida, Unfunded)
Cloud DevOps deployment and security solutions

32
Fresko Labs (2021, Bangalore, Unfunded)
Developer of end-to-end cold chain supply chain
management solutions for fruits
Blend (, Bangalore, Unfunded)
App-based photo editing platform

Acquisitions (1/4)
List of Acquisitions in India Tech in March 2022
India Tech: Acquisitions
33
Acq. Date Company Acquirer Deal Size
02 Mar 2022
Fedena(2009, Bangalore)
Provider of school/college management software
Practically
04 Mar 2022
OneTraker(2020, Guwahati)
Provider of web-based last-mile delivery management solutions
Get it Fast
04 Mar 2022
Monk.ai(2016, Singapore)
AI based customer engagement platform
ACV Auctions
04 Mar 2022
Aisle(2014, Bangalore, $1.1M)
App-based dating and match making platform for Indian singles
Info Edge $11.9M
07 Mar 2022
Fintuple(2018, Chennai, $0.1M)
Portfolio management solutions
Computer Age Management
Services
08 Mar 2022
PRO2FIT(2019, Mumbai)
Provider of plant-based healthcare supplements
Goodmylk
08 Mar 2022
Don't Memorise(2012, Mumbai, $0.3M)
Online courses platform for Maths and English
Infinity Learn
09 Mar 2022
AQFIT(2018, Noida)
Developer of fitness trackers for consumers
deepnordic.com
09 Mar 2022
PayReview(2017, Gurgaon, $0.0M)
Cloud-based compensation platform
People Strong
10 Mar 2022
Tecxprt(2020, Bangalore)
Cloud-based suite solutions for business process management
Ninjacart

Acquisitions (2/4)
34
14 Mar 2022
Xoxoday(2012, Bangalore, $0.6M)
Employee engagement solutions provider
giift
16 Mar 2022
Xpedize(2017, Gurgaon, $1.3M)
SaaS-based dynamic discounting software
Clear
16 Mar 2022
IZealiant Technologies(2015, Pune)
Software solutions provider for financial institutions
Razorpay
16 Mar 2022
Glib(2013, Ahmedabad)
Provides NLP based Enterprise solutions
Cygnet Infotech
21 Mar 2022
Gatoes(2020, Srinagar)
Online marketplace offering food and grocery delivery services
Zomato
21 Mar 2022
GigIndia(2016, Pune, $2.3M)
Online platform offering micro-jobs and internships to students
PhonePe
21 Mar 2022
Clean Slate Technologies(2016, Mumbai)
Cloud-based proximity marketing platform for retailers
Bizongo
21 Mar 2022
Clovia(2012, Noida, $25.8M)
Internet first brand of innerwear apparel for women
Reliance Retail $125.0M
21 Mar 2022
Lithium Urban Technologies(2013, Bangalore, $26.8M)
Provider of urban electric transportation solutions
EverSource Capital
22 Mar 2022
Carnot(2015, Mumbai, $2.2M)
Provider of an AI-enabled guidance system for Tractors
Mahindra

Acquisitions (3/4)
35
22 Mar 2022
Hello English(2012, Jaipur, $6.9M)
Provider of English language learning application
BYJU'S
23 Mar 2022
Tinystep(2015, Bangalore, $4.1M)
Mobile-based platform offering content for parenting
BabyChakra
24 Mar 2022
Unbxd(2010, San Mateo, $26.9M)
Provider of AI-powdered product search software for e-Store
Netcore $100.0M
25 Mar 2022
Nostragamus(2016, Bangalore)
Mobile-based fantasy sports platform
Glance
25 Mar 2022
Avail Finance(2017, Bangalore, $38.5M)
Neobank for individuals
Ola
25 Mar 2022
HelloWorld(2019, Bangalore)
Provides tech-enabled furnished co-living spaces
Aurum House $5.5M
25 Mar 2022
Integration Wizards(2014, Bangalore)
Provider of AI-based solutions that determines actionable
intelligence from data
SparkCognition
28 Mar 2022
PrepBytes(2017, Gurgaon, $0.8M)
Provider of online coding programs
CollegeDekho
28 Mar 2022
Vogo(2016, Bangalore, $179.8M)
App-based scooter rental service
Chalo
28 Mar 2022
Appnit Technologies(2014, Noida)
Payment gateway solution
DMI Finance

Acquisitions (4/4)
36
29 Mar 2022
ALEOR Dermaceuticals(2016, Vadodara)
Developer of therapeutic solutions for treating skin diseases
Alembic Pharmaceuticals
30 Mar 2022
Saankhya Labs(2007, Bangalore, $18.6M)
Provider of software defined radio based modules for video and
data communication
Tejas Networks $37.5M
31 Mar 2022
Fused Training(2020, Noida)
Online platform offering fitness and nutrition coaching programs
Phable
31 Mar 2022
InI Farms(2009, Mumbai, $14.7M)
Provider of farming services to horticulture industries
Agrostar

Recent News (1/2)
Recent News in India Tech in March 2022
India Tech:News
37
Exit News
.
● Reliance Retail buys lingerie brand Clovia Indiatimes
.
● Sachin Bansal’s Fintech Navi Technologies Files For INR 3,350 Cr IPO Inc42
.
● Ola to acquire Avail Finance TechStory
.
● Info Edge acquires 76% stake in dating app Aisle Adgully
.
● Yatra IPO: Travel services provider files preliminary papers for initial offer with
SEBI India Web Portal
.
● PhonePe announces acquisition of GigIndia Adgully
.
● Razorpay acquires Pune fintech startup IZealiant Tech for undisclosed sum
Business Standard
.
● Google-backed Glance acquires gaming platform Gambit in NFT push TechCrunch
.
Fund News
.
● Accel ups game in Southeast Asia and India with $650m fund Nihon Keizai Shimbun
.
● Griffin Gaming Partners Becomes One of the Largest Venture Funds Focused
Exclusively on Gaming With Over $1 Bi... Business Wire
.
● Nazara commits investment of Rs 30 cr in Griffin Gaming Partners Fund II
Business Standard
.
People News
.
● Maruti Suzuki India appoints Hisashi Takeuchi as the MD and CEO People Matters
.
● SoftBank’s Munish Ravinder Varma Resigns From Paytm & PB Fintech Board
The Indian Wire
.
● OYO elevates Rohit Kapoor to global chief marketing officer People Matters
.
● Prabhakar Patil, former CEO of LG Chem Power appointed to the Ola Electric
board of directors TechStory
.
● Debdoot Mukherjee joins Meesho as chief data scientist, to lead its 30-
member AI team People Matters
.
● Former Aramex COO joins Shipsy’s advisory board Business Line
.
● Nikhil Rungta Joins Vedantu as Chief Growth Officer SMEStreet.in

Recent News (2/2)
Recent News in India Tech in March 2022
India Tech:News
38
● Meesho appoints Harsh Chaudhary as CXO for Monetisation People Matters
.
Company News
.
● Zenatix Launches In The UAE To Offer IoT Powered Energy Saving Solutions
uaenews247.com
.
● ePicker Enters Robotic Market with Lift Truck Powered by Anantak Business Wire
.
● Niramai receives US FDA clearance for medical device SMILE-100 YourStory Media
.
● SOLVERMINDS expands to SingaporeSolverminds
.
● Treasurytech IBSFINtech eyes overseas foray Business Line
.
Regulatory News
.
● Paytm Shares Fall to All-Time Low Following RBI’s Orders Preventing Fintech
from Onboarding New Clients Crowdfund Insider
.
● Consumer Protection Regulator Penalises Paytm Mall, Snapdeal Indiatimes
.
● BharatPe in trouble? GST authorities expand probe into alleged tax evasion
India Web Portal
.

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Tracxn - Geo Monthly Report - India Tech - Mar 2022

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