Tracxn - Monthly Report - India Tech - August 2021

TRACXN MONTHLY REPORT
AUGUST 2021
INDIA TECH

India Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
India Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 18
Top Funded Business Models - last 1 year 20
New Analyst Picks 21
IPOs 38
Acquisitions 39
Recent News 41

India Tech Snapshot – August 2021
India Tech: Snapshot – August 2021
Note : "Investors" refers to "Institutional Investors" only
3
$3.2B
57 1
Overall Geo Stats
20
17
232
199
115
Funding Rounds $ Invested Analyst Picks
upGrad Upgraded
to UNICORN
New Investors
RDIF
Salesforce
Series A+ rounds Active Investors IPOs
NPST
Acquisitions
KnowledgeHut#@
Whodat#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Bangalore
(43 Rounds, $1.6B)
Delhi NCR
(31 Rounds, $276M)
Gurgaon
(17 Rounds, $161M)
Mumbai
(13 Rounds, $1.0B)
$650M - Series E
Eruditus (2010, Mumbai, $811M)
$450M - Series I
VerSe (2007, Bangalore, $1.0B)
$440M - Series H
Unacademy (2015, Bangalore, $880M)
$225M - Series D
Postman (2014, San Francisco, $434M)
Accel
(8 Investments)
Sequoia Capital
(7 Investments)
Y Combinator
(7 Investments)
Elevation Capital
(6 Investments)
Continued Learning
Eruditus
Vernacular Platforms
VerSe
K-12 EdTech
Unacademy
Internet First Media
Khabri
Market Size
Companies Covered 82,489
Funded Companies 8,533
Total Funding $107B
Funding in last 12 months $31.4B
Top Exits
IPOs 127
Acquisitions 996
Company Stage
Unicorns 59
Soonicorns 182
Minicorns 800
Editor Picks 5,218
Series A+ 1,484
Series C+ 335
Acqui-Hires 110
Deadpooled 15,238
Top Cities
Bangalore (4,811 Rounds, $50.5B)
Delhi NCR (3,686 Rounds, $32.6B)
Top Investors
Sequoia Capital (187 Investments)
AngelList (175 Investments)

Investment Snapshot
Investment Snapshot of India Tech as of August 2021
India Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (August 2021)*
Eruditus
(2010, Mumbai, $811M)
$650M - Series E Accel
VerSe
(2007, Bangalore, $1.0B)
$450M - Series I Siguler Guff
Unacademy
(2015, Bangalore, $881M)
$440M - Series H Mirae Asset
Postman
(2014, San Francisco, $434M)
$225M - Series D Charles River Ventures
upGrad
(2015, Mumbai, $477M)
$185M - Series E Temasek
Zetwerk
$150M - Series E Lightspeed Venture Partners
Infra.Market
(2017, Thane, $278M)
$125M - Series D Tiger Global Management
KhataBook
$100M - Series C Tribe Capital
MindTickle
(2011, San Francisco, $281M)
$100M - Series E SoftBank Corp
Zupee
(2018, Gurgaon, $49.0M)
$61.0M - Series B Tomales Bay Capital
Rapido
$52.0M - Series C Shell
*Shows only the lead Investors

List of Funding Rounds (1/13)
List of Funding Rounds in India Tech in August 2021
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
$5.0M - Series F
OYO (2013, Gurgaon, $3.2B)
App-based aggregator of budget hotel
accommodations
Microsoft
LATE STAGE
$7.1M - Series D
Indifi (2015, Gurgaon, $43.2M)
Online platform for business loans
CDC Group, Fair Finance Fund, Elevar Equity, Accel,
Omidyar Network, and 1 more
LATE STAGE
$10.0M - Series C
RenewBuy (2014, Gurgaon, $89.7M)
Online insurance comparison platform for individuals &
businesses
Evolvence India
LATE STAGE
$16.3M - Series C
Digit Insurance (2016, Bangalore, $442.0M)
App-based insurance platform for individuals
TVS Capital Funds
LATE STAGE
$35.0M - Series C
Borzo (2012, Delhi, $35.0M)
Offers a web-based marketplace providing courier
services
Mubadala, Flashpoint, RDIF, Vostok New Ventures
LATE STAGE
$41.2M - Series C
Smallcase (2015, Bangalore, $70.9M)
Platform for thematic investing in public markets
Faering Capital, Blume Ventures, Unitary, Amazon,
HDFC Ventures, and 7 more
LATE STAGE
$50.5M - Series D
MyTVS (2003, Chennai, $133.5M)
Online garage aggregator for automotive repair &
maintenance services
Exor
LATE STAGE
$52.0M - Series C
Rapido (2015, Bangalore, $177.0M)
App-based platform for two-wheeler ride-hailing
services
Positive Moves, WestBridge, Shell, India Yamaha Motor,
Nexus Venture Partners, and 3 more
LATE STAGE
$100.0M - Series E
MindTickle (2011, San Francisco, $281.3M)
Cloud-based sales enablement solutions provider
SoftBank Corp, NewView Capital, Chimaera Financial
Group, Canaan Partners, Norwest Venture Partners,
and 1 more

6
LATE STAGE
$100.0M - Series C
KhataBook (2018, Bangalore, $186.6M)
Digital ledger account book for individuals and small
businesses
Tribe Capital, Alkeon Capital Management, B Capital
Group, RTP Ventures, Tencent, and 5 more
LATE STAGE
$125.0M - Series D
Infra.Market (2017, Thane, $277.6M)
Online marketplace for procuring construction
materials
Tiger Global Management
LATE STAGE
$150.0M - Series E
Zetwerk (2018, Bangalore, $343.5M)
Online B2B marketplace providing manufacturing
services
Lightspeed Venture Partners, Greenoaks, Accel,
Sequoia Capital, India Infoline, and 5 more
LATE STAGE
$185.0M - Series E
upGrad (2015, Mumbai, $477.1M)
Mobile-based platform providing higher education
programs for working professionals
Temasek
LATE STAGE
$225.0M - Series D
Postman (2014, San Francisco, $434.0M)
Collaboration platform for API development
Insight Partners, Charles River Ventures, Coatue,
Battery Ventures, Nexus Venture Partners, and 3 more
LATE STAGE
$440.0M - Series H
Unacademy (2015, Bangalore, $880.5M)
Mobile & SaaS-based platform providing learning & test
preparation solutions
Temasek, SoftBank Vision Fund, General Atlantic, Mirae
Asset, Dragoneer Investment Group, and 4 more
LATE STAGE
$650.0M - Series E
Eruditus (2010, Mumbai, $810.8M)
Provider of Executive Level Programs
Accel, SoftBank Vision Fund, Leeds Illuminate, Prosus,
Sequoia Capital, and 3 more
LATE STAGE
Series D
Hike (2012, Delhi, $261.0M)
P2P messaging and Voice over IP (VoIP) application
Justin Mateen, Sean Rad, Arjun Sethi, Bhavin Turakhia,
Kunal Shah, and 5 more

7
EARLY STAGE
$117.7K - Series B
LetsTransport (2015, Bangalore, $29.4M)
Online platform providing last-mile logistics services
Stride Ventures
EARLY STAGE
$1.0M - Series A
Navia Life Care (2015, Delhi, $1.5M)
Mobile based patient engagement platform
9Unicorns
EARLY STAGE
$1.0M - Series A
Syook (2016, Bangalore, $2.0M)
Provider of AI-powered location tracking systems
IPV, Oil and Natural Gas Corporation
EARLY STAGE
$2.2M - Series A
Collpoll (2013, Bangalore, $3.4M)
Mobile & Web-based platform providing AI-based
educational institute management solutions
Prime Venture Partners
EARLY STAGE
$2.6M - Series A
Elevar Sports (2017, Mumbai, $2.6M)
E-commerce platform offering internet-first brand
cricket bats
Kalaari Capital,
EARLY STAGE
$3.0M - Series A
Grip (2020, Gurgaon, $3.7M)
Online platform for investing in leased physical assets
Venture Highway, Endiya Partners, AdvantEdge, Anicut
Capital, , and 6 more
EARLY STAGE
$3.6M - Series A
Aether Biomedical (2016, Poznan, $3.6M)
Developer of a bionic limb for performing multiple
tasks
Story Ventures, Joyance Partners, Chiratae Ventures,
Sunfish Partners, Taylor Burton, and 1 more
EARLY STAGE
$3.8M - Series A
SleepyCat (2017, Kolkata, $5.3M)
Private label brand of mattresses
Saama Capital, DSG Consumer Partners, Sharrp
Ventures
EARLY STAGE
$5.0M - Series A
TartanSense (2015, Bangalore, $7.1M)
Provider of an AI-based robot for agriculture
Omnivore Partners, FMC Corporation, Blume Ventures

8
EARLY STAGE
$5.5M - Series A
Breathe Well-Being (2016, Delhi, $7.4M)
Provider of platform for employee physical wellness
Accel, General Catalyst Partners, 3one4 Capital, Scott
Shleifer
EARLY STAGE
$6.0M - Series A
Smytten (2015, Gurgaon, $9.3M)
App-based beauty product trials & discovery platform
Fireside Ventures, Sharrp Ventures, Survam Partners,
Roots Ventures
EARLY STAGE
$6.0M - Series A
Yellow Class (2020, Gurgaon, $7.7M)
Online platform providing courses related to
extracurricular activities for kids
Elevation Capital, India Quotient, First Cheque, Titan
Capital, Vidit Aatrey, and 6 more
EARLY STAGE
$6.7M - Series A
Hashnode (2015, Bangalore, $10.0M)
Q&A based community platform for software
developers
Salesforce, Sierra Ventures, Surge, Accel, Naval
Ravikant, and 4 more
EARLY STAGE
$7.0M - Series A
1K Kirana Bazaar (2018, Gurgaon, $9.1M)
Provider of retail store aggregating solution for grocery
stores
Falcon Edge Capital, Info Edge Ventures, Blue Wolf
Capital Partners, Kae Capital, Rajesh Yabaji, and 8 more
EARLY STAGE
$8.1M - Series B
Bewakoof.com (2011, Mumbai, $32.6M)
Internet-first brand of multi-category fashion products
Investcorp, IvyCap Ventures, Spring Marketing Capital
EARLY STAGE
$8.5M - Series A
Log9materials (2014, Saharanpur, $15.3M)
Manufacturer of graphene-based nanomaterials
Amara Raja Group, Surge, Exfinity Venture Partners,
Rajesh Yabaji, Chanakya Hridaya, and 3 more
EARLY STAGE
$9.5M - Series A
Skeps (2005, Gurgaon, $10.5M)
Online marketplace and enabler for point of sale
financing for merchants and lenders
Bertelsmann India Investments, Accel
EARLY STAGE
$10.1M - Series B
The Souled Store (2013, Mumbai, $13.1M)
Internet first brand offering apparel wear for women
and men
Elevation Capital, Sahil Barua, Gunjan Soni, Revant
Bhate, Ramakant Sharma, and 4 more

9
EARLY STAGE
$12.0M - Series A
indiagold (2020, Gurgaon, $13.8M)
Online marketplace for gold loans
PayU, Rainmatter Technology, 3one4 Capital, Leo
Capital
EARLY STAGE
$12.0M - Series B
Pickrr (2015, Faridabad, $16.4M)
AI-enabled on-demand one-stop logistics SaaS
company
India Infoline, Amicus Capital Partners, Ananta Capital,
Omidyar Network India, Guild
EARLY STAGE
$12.9M - Series A
Camp K12 (2010, Gurgaon, $18.9M)
Online platform providing coding courses for K-12
students
Matrix Partners India, Elevation Capital
EARLY STAGE
$13.5M - Series B
Eduvanz (2016, Mumbai, $24.7M)
Online marketplace for education loans
Juvo Ventures, Sequoia Capital, Unitus Ventures
EARLY STAGE
$14.0M - Series A
Senseforth (2012, Bangalore, $14.4M)
Provider of a conversational platform
Fractal
EARLY STAGE
$15.0M - Series A
sKarn RoboticS (2019, Delhi, $15.0M)
Provider of secure communication and data privacy
solutions
EARLY STAGE
$15.0M - Series B
CarIQ (2013, Pune, $16.6M)
Saas-based platform for vehicle diagnostics solutions
Forte Ventures, TELUS Ventures, Blackberry, Quest
Venture Partners, Alpana Ventures, and 5 more
EARLY STAGE
$16.0M - Series A
OnSurity (2020, Bangalore, $18.5M)
Employee benefits administration platform
Quona Capital, Whiteboard, Nexus Venture Partners,
Vivek Garipalli, Amrish Rau

10
EARLY STAGE
$17.5M - Series B
Ultrahuman (2019, Bangalore, $25.3M)
Provider of meditation practice app for mind and body
transformation
iSeed, Steadview Capital, Blume Ventures, Nexus
Venture Partners, Sandeep Singhal, and 10 more
EARLY STAGE
$17.5M - Series A
Skill Lync (2017, Chennai, $17.6M)
Online platform providing courses for engineering
students
Iron Pillar, Y Combinator, Better Capital, Binny Bansal,
Saikiran Krishnamurthy, and 1 more
EARLY STAGE
$20.0M - Series A
Fashinza (2020, Gurgaon, $22.7M)
Provider of supply chain visibility solutions for the
apparel industry
Accel, Elevation Capital, Stride Ventures, TradeCred,
Alteria Capital, and 2 more
EARLY STAGE
$20.0M - Series B
ToothSi (2018, Mumbai, $25.0M)
Provider of an online platform for the purchase of
customized dental braces
Eight Roads Ventures, Think Investments, Vishal
Agrawal, Siddharth Shah, Dharmil Sheth, and 2 more
EARLY STAGE
$21.0M - Series A
AgNext (2016, Mohali, $25.3M)
Platform for monitoring and improving agricultural
food quality
Omnivore Partners, Kalaari Capital
EARLY STAGE
$24.7M - Series A
Proteon Phar (2017, Mumbai, $24.7M)
Developer of biopharmaceuticals for poultry and aqua
Nutreco, Aqua Spark, Seventure Partners, Montis
Capital
EARLY STAGE
$28.0M - Series B
Miko (2015, Mumbai, $46.9M)
Provider of an AI-powered companion robot for
children
IIFL Asset Management, IvyCap Ventures, YourNest,
Chiratae Ventures, Nidhi Arora, and 3 more
EARLY STAGE
$30.0M - Series B
Titan (2018, Mumbai, $30.0M)
Platform providing suite solutions for email marketing
Automattic

11
EARLY STAGE
$30.0M - Series B
Zupee (2018, Gurgaon, $49.0M)
Online skill-based gaming platform
WestCap, Tomales Bay Capital, Matrix Partners India,
Orios Venture Partners
EARLY STAGE
$31.0M - Series B
Zupee (2018, Gurgaon, $50.5M)
Real money based gaming platform
Tomales Bay Capital, WestCap, Matrix Partners India,
Orios Venture Partners
EARLY STAGE
$37.0M - Series A
Heads Up For Tails (2008, Delhi, $50.0M)
Online retail platform for pet products and accessories
Verlinvest, Sequoia, Amitell Capital
EARLY STAGE
$45.0M - Series B
Jupiter (2019, Mumbai, $71.0M)
Digital bank for individuals
Nubank, Global Founders Capital, Sequoia Capital,
Matrix Partners India, Addition, and 5 more
EARLY STAGE
Series B
Blowhorn (2014, Bangalore, $12.0M)
Provider of eCommerce fulfillment solutions
Symphony Asia, Draper Associates, Michael & Susan
Dell Foundation, Chiratae Ventures
SEED STAGE
$16.8K - Seed
Autoyos (2019, Bangalore, $30.1K)
Provider of AI-based diagnosis device for
ophthalmologists
C-CAMP
SEED STAGE
$125.0K - Seed
Spark Studio (2020, Bangalore, $125.0K)
Online platform providing extracurricular learning
programs for kids
Y Combinator
SEED STAGE
$134.5K - Seed
SmartMeter (2019, Ahmedabad, $134.5K)
Provider of smart metering devices
Adani Gas
SEED STAGE
$202.3K - Seed
Is Going Online (2020, Kochi, $202.3K)
Provider of eCommerce solution businesses
Artha Venture Fund, Seafund, Unicorn India Ventures,
Devdatt Shah

12
SEED STAGE
$250.0K - Seed
Gyde (2018, Pune, $250.0K)
Platform offering Salesforce assistance tool
Better Capital, Ashish Achrekar
SEED STAGE
$300.0K - Seed
Whiz League (2020, Agra, $300.0K)
Mobile-based platform providing multi-disciplinary
tutoring solutions
ITI Growth Opportunities, SAE, Maheshwari Investors
SEED STAGE
$300.0K - Seed
Superlearn (2020, Ludhiana, $300.0K)
Online platform providing after-school activity classes
for kids
Incubate Fund, Vishal Bharghav, Padmanabhan
Thangarajan, Anuraag Gupta, Karan Talwar
SEED STAGE
$400.0K - Seed
YPay Card (2020, Bareilly, $666.7K)
Payment cards for teens
We Founder Circle, Amit Tyagi, Gaurav Juneja, Ravi
Gupta, Pragatii Bhargava
SEED STAGE
$403.9K - Seed
Xpresslane (2016, Bangalore, $430.7K)
Checkout platform for e-tailers
Pointone, Yatra Angel Network, Opus Consulting
Solutions, Manipal Technologies, Rohit Chanana, and 2
more
SEED STAGE
$450.0K - Seed
BlueLearn (2021, , $484.3K)
Online marketplace providing multi-disciplinary
learning courses
Lightspeed Venture Partners, 2AM Ventures, Titan
Capital, 100x, Rahul Mathur, and 6 more
SEED STAGE
$500.0K - Seed
Probus (2017, Delhi, $633.5K)
Provider of IoT solutions for distribution sub-station
performance and operations monitoring
Unicorn India Ventures, Theia Ventures, Urmin Group,
Anuj Khanna, Kiran Alla, and 3 more
SEED STAGE
$500.0K - Seed
FlashPrep (2020, Bangalore, $500.0K)
Mobile-based platform providing
school-curriculum-related learning solutions
Venture Highway, First Cheque, Better Capital
SEED STAGE
$500.0K - Seed
Playo (2014, Bangalore, $1.7M)
App-based platform for booking sports venues and
players
ah! Ventures

13
SEED STAGE
$700.0K - Seed
GoSats (2020, Bangalore, $700.0K)
App based platform offering rewards and bitcoin
cashback
Alphabit, Fulgur Ventures, Stacks Accelerator, SBX
Capital, Sathvik Vishwanath, and 3 more
SEED STAGE
$750.0K - Seed
BrainSight (2019, Bangalore, $804.0K)
Provider of an AI-based technology for precision
diagnosis of neurological disorders
SAE, Entrepreneur First, Info Edge Ventures, IKP
Knowledge Park
SEED STAGE
$770.0K - Seed
QuickShift (2015, Pune, $770.0K)
Platform offering end-to-end fulfillment solution for
e-commerce businesses
Anicut Capital, Axilor Ventures
SEED STAGE
$830.0K - Seed
Studio Sirah (2020, Bangalore, $830.0K)
Video game developer focusing on core games
Lumikai, Akshat Rathee, Alexis Bonte, Piyush Shah,
Roshni Rathi, and 1 more
SEED STAGE
$1.0M - Seed
Pixuate (2012, Bangalore, $1.0M)
Provider of a cloud based image processing,
recognition & management platform
SucSEED Indovation, Mumbai Angels, CIIE
SEED STAGE
$1.0M - Seed
Kirana247.com (2017, Delhi, $1.0M)
Online B2B platform to buy groceries
SEED STAGE
$1.2M - Seed
FanGame Live (2020, Noida, $1.5M)
Online real money gaming platform
Upsparks, Atrium Angels, LetsVenture, Goodwater
Capital, IIM Indore Alumni Fund
SEED STAGE
$1.3M - Seed
LoanKuber (2015, Delhi, $2.3M)
Online marketplace for asset backed loans
LetsVenture, AngelList, Accolade
SEED STAGE
$1.3M - Seed
Racenergy (2018, Hyderabad, $2.1M)
Manufacturer of EV powertrains and battery swapping
stations
Micelio, GrowX Venture Management, Prophetic
Ventures

14
SEED STAGE
$1.3M - Seed
LocateAI Technologies (2019, Bangalore, $1.4M)
Provider of a platform for location-based insights
Better Capital, Chiratae Ventures, Manik Gupta, Sidu
Ponnapa, Kuldeep Dhankar, and 5 more
SEED STAGE
$1.5M - Seed
ELDA HEALTH (2020, Bangalore, $1.5M)
Online community-based platform for users to discuss
topics related to women's health
Avaana Capital Advisors, Orios Venture Partners
SEED STAGE
$1.6M - Seed
Chatwoot (2017, Newark, $1.6M)
Opensource omnichannel customer support platform
Goat Capital, Uncorrelated Ventures, Hack VC, Y
Combinator, Austen Allred
SEED STAGE
$1.7M - Seed
Advantage Club (2016, Gurgaon, $1.7M)
Employee engagement and recognition platform
Y Combinator, Broom, Kunal Shah
SEED STAGE
$1.7M - Seed
Everstage (2020, Chennai, $1.7M)
Platform offering software to manage sales
commissions
3one4 Capital, Prasanna Sankar, Rajaraman Santhanam,
Vetri Vellore, Utsav Somani, and 4 more
SEED STAGE
$2.0M - Seed
factors.ai (2018, Bangalore, $2.0M)
Platform offering software for customer journey
analytics
Emergent Ventures, Elevation Capital, Naveen Tiwari,
Abhay Singhal, Piyush Shah, and 6 more
SEED STAGE
$2.0M - Seed
CreatorStack (2019, Bangalore, $2.0M)
Market network for digital creators
The Runway Fund, Pointone, Accel, Kumar Akash
SEED STAGE
$2.0M - Seed
Faarms (2020, Bangalore, $2.0M)
Provider of a knowledge-exchange platform for farmers
Koh Boon Hwee, Cornelius Boersch
SEED STAGE
$2.0M - Seed
Bigspoon (2019, Ahmedabad, $2.5M)
Internet first restaurant offering meals and snacks
CreedCap Asia Advisors, Zed Capital, Sanjiv Bajaj, Bhanu
Chopra, Jatin Aneja

15
SEED STAGE
$2.1M - Seed
Khabri (2016, Delhi, $2.3M)
Online news aggregator providing curated audio news
Liquid 2 Ventures, Rebel Fund, Pioneer Fund, Siqi Chen,
Shailesh Rao, and 1 more
SEED STAGE
$2.3M - Seed
Giftiicon (2019, Bangalore, $2.3M)
Online platform offering hyperlinks to be sent as gifts
SEED STAGE
$2.5M - Seed
1Bridge (2016, Bangalore, $3.8M)
Assisted purchase platform catering to rural customers
C4D Partners, KAAJ Ventures, Prashanth Boccasam,
Prashanth Prakash, Puneet Jetli, and 1 more
SEED STAGE
$2.5M - Seed
Mudrex (2018, Bangalore, $3.4M)
Algorithmic crypto trading platform for
cryptocurrencies
Nexus Venture Partners, Village Global, Kunal Shah,
Anand Chandrashekharan, Anjali Bansal
SEED STAGE
$2.8M - Seed
Rattle (2020, , $2.8M)
Platform offering Salesforce integration solution
Sequoia Capital, Lightspeed Venture Partners, Amy
Chang, Ellen Levy, Jake Seid, and 3 more
SEED STAGE
$3.5M - Seed
Wiz (2019, Chennai, $4.9M)
Provider of freight forwarding platform
Axilor Ventures, Foundamental, Arali Ventures,
Ramakant Sharma, Daniel Richner
SEED STAGE
$3.5M - Seed
JUNO (2010, Pune, $3.5M)
Provider of AI and cloud-based automation solutions
for educational institutions
Jerry Murdock, Walter Scott
SEED STAGE
$3.5M - Seed
Ping (2020, Bangalore, $3.6M)
Platform offering group-buying solutions for grocery
products
Elevation Capital
SEED STAGE
$3.5M - Seed
Apnaklub (2020, Bangalore, $5.3M)
Social product discovery and reselling platform
Surge

16
SEED STAGE
$10.0M - Seed
Klub (2019, Singapore, $12.0M)
Online marketplace for revenue-based financing
9Unicorns, Surge, GMO Venture Partners, Alter
SEED STAGE
Seed
DoubtBuddy (2020, Gurgaon)
Mobile-based platform providing college entrance
exam preparation solutions
SEED STAGE
Seed
Pocketly (2019, Bangalore, $64.2K)
App-based platform for micro-loans
SEED STAGE
Seed
Imagimake (2011, Mumbai, $594.0K)
Provider of educational toys for kids
Velocity
SEED STAGE
Seed
Karbon (2019, Bangalore, $3.5M)
Corporate cards for startups
Y Combinator
SEED STAGE
Seed
Enguru (2015, Bangalore)
English learning mobile app through interactive gaming
Potencia Ventures, Bisk Ventures, LetsVenture, Michael
& Susan Dell Foundation, Ronnie Screwvala, and 1
more
SEED STAGE
Seed
Hylo (2018, Bangalore)
API-based account receivable solutions for businesses
NSRCEL
SEED STAGE
Seed
Metro Ride (2019, Bangalore, $129.8K)
App that provides an AI-based platform offering
electric-shuttle services to metro stations
Sudhir Pai, Sushant Divakar, Bhagirath Tanna, Shailesh
Powdwal
SEED STAGE
Seed
Akudo (2020, )
Mobile-based platform providing finance-related
learning solutions
Y Combinator, Incubate Fund India
SEED STAGE
Seed
Micro Degree (2019, Mangalore, $34.2K)
Provider of a vernacular-based platform for IT-related
learning courses

17
SEED STAGE
Seed
CommerceUp (2018, Gurgaon)
Cloud-based software solutions to build online stores
for e-tailers
NB Ventures
SEED STAGE
Seed
Batterypool (2018, Pune, $34.0K)
Operators of battery swapping stations and fleet
management solutions for electric vehicles
Indian Angel Network, Venture Center, Arjun Seth,
Harshavardhan Chitale
SEED STAGE
Seed
CricHeroes (2016, Ahmedabad, $627.1K)
Online platform offering cricket news
Games24x7
SEED STAGE
Seed
WedAdvisor (2020, Delhi)
Online marketplace for wedding vendor services
SEED STAGE
Seed
Powerhouse91 (2021, Gurgaon, $2.0M)
Platform for acquiring digital-first brands
FJ Labs, Maninder Gulati, Haresh Chawla
SEED STAGE
Seed
Swipe (2021, Hyderabad)
SaaS-based billing and accounting solutions for SMEs
SEED STAGE
Angel
FrontRow (2020, Chandigarh, $4.0M)
Non-Academic Courses taught by industry experts
Raftaar
SEED STAGE
Seed
Kalam Labs (2018, Mumbai)
Provider of AR-based learning platform for kids
Lightspeed Venture Partners, Y Combinator, First
Cheque
SEED STAGE
Seed
Fabheads (2015, Chennai, $1.4M)
Manufacturer of industrial 3D printers for composite
fibre additive manufacturing
Rockstud Capital

New Investors (1/2)
List of New Investors in India Tech in August 2021
India Tech: List of New Investors
18
Investor Company Info Round Amount Round Name
RDIF
24 portfolio companies | Sovereign wealth fund backed by Russian goverment
and private equity firm focused on growth equities
Borzo
Offers a web-based marketplace providing courier services
$35.00M Series C
Salesforce
71 portfolio companies | Cloud based CRM and social collaboration solutions for
enterprises
Hashnode
Q&A based community platform for software developers
$6.70M Series A
State Farm
10 portfolio companies | Group of insurance and financial services
CarIQ
$15.00M Series B
Vostok New Ventures
46 portfolio companies | Tech-focused VC firm investing in companies globally
Borzo
$35.00M Series C
Forte Ventures
23 portfolio companies | Tech focused VC firm investing in the US
CarIQ
$15.00M Series B
Siguler Guff
10 portfolio companies | Private equity firm focused on buyouts
VerSe
Short video and news app provider
$450M Series I
Quest Venture Partners
64 portfolio companies | US focused early-stage VC firm
CarIQ
$15.00M Series B
Scrum Ventures
29 portfolio companies | Tech focused early stage VC firm investing primarily in
the US
CarIQ
$15.00M Series B
Blackberry
5 portfolio companies | Provider of an unified endpoint security, enterprise
software and smartphone solution
CarIQ
$15.00M Series B
Hack VC
33 portfolio companies | Early-stage tech-focused VC firm investing in the US
Chatwoot
Opensource omnichannel customer support platform
$1.60M Seed

New Investors (2/2)
List of New Investors in India Tech in August 2021
India Tech: List of New Investors
19
Investor Company Info Round Amount Round Name
Bisk Ventures
18 portfolio companies | Early-stage tech focused VC firm funding companies in
the US
Enguru
Undisclosed Seed
Story Ventures
17 portfolio companies | Tech focused early stage VC firm investing in the US &
Africa
Aether Biomedical
Developer of a bionic limb for performing multiple tasks
$3.60M Series A
Avanta Ventures
13 portfolio companies | Corporate backed early stage VC fund
CarIQ
$15.00M Series B
Maheshwari Investors
1 portfolio companies | Early-stage centric tech & offline focused VC firm
investing primarily in India
Whiz League
Mobile-based platform providing multi-disciplinary tutoring solutions
$300K Seed
Automattic
10 portfolio companies | Developer of open-source content management system
Titan
$30.00M Series B
Alpana Ventures
28 portfolio companies | VC firm investing in early-stage companies
CarIQ
$15.00M Series B
Alphabit
21 portfolio companies | Cryptocurrency investment fund
GoSats
App based platform offering rewards and bitcoin cashback
$700K Seed
Fulgur Ventures
7 portfolio companies | Venture capital fund investing in bitcoin startups
GoSats
App based platform offering rewards and bitcoin cashback
$700K Seed
Flashpoint
14 portfolio companies | Venture capital & venture debt firm focused on
software-based startups
Borzo
$35.00M Series C
Nubank
3 portfolio companies | Digital bank for consumers
Jupiter
$45.00M Series B

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.
20
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Multi Products Marketplaces $3.7B 3 Flipkart | $3.6B | Series J
2 ▲1 Online Test Preparation Courses $3.1B 10 BYJU'S | $1.1B | Series H
3 ▲1 Food Ordering Platforms $2.4B 5 Swiggy | $800M | Series J
4 ▲20 Vernacular Content Sharing Platforms $1.7B 8 ShareChat | $502M | Series E
5 ▲24 POS Payment Terminals $941M 8 Pine Labs | $600M | Series E
6 ▲173 Fantasy Sports Platforms $835M 11 Dream11 | $400M | Series F
7 -- Card Linked Digital Wallets $700M 1 PhonePe | $700M | Unattributed
8 ▼-2 Online Marketplace for Drugs $580M 8 PharmEasy | $300M | Series D
9 ▲7 Own Fleet E-commerce Delivery $534M 8 Delhivery | $277M | Series H
10 ▲236 Car Ride Hailing $500M 2 Ola | $500M | Series J

New Analyst Picks (1/17)
Interesting Companies identified by Analysts in India Tech in August 2021
India Tech: Analyst Picks
21
Upgraded to UNICORN
upGrad (2015, Mumbai, $40.0M, Series D)
Mobile-based platform providing higher education
programs for working professionals
Vineet Sudhesh Gupta, Unilazer Ventures, Arjun
Somasekhara and 15 other Investors
Upgraded to UNICORN
MindTickle (2011, San Francisco, $1.8M, Seed)
Cloud-based sales enablement solutions provider
Chimaera Financial Group, Qualcomm Ventures, New
Enterprise Associates and 8 other Investors
Upgraded to UNICORN
Eruditus (2010, Mumbai, $39.8M, Series C)
Provider of Executive Level Programs
CZI, Sequoia, Gopal Tampi and 11 other Investors
Upgraded to SOONICORN
Smallcase (2015, Bangalore, $459K, Seed)
Platform for thematic investing in public markets
Rakesh Jhunjhunwala, Tanmay Arun Bhat, Amazon and
21 other Investors
Miko (2015, Mumbai, $6.6M, Series B)
Provider of an AI-powered companion robot for
children
Ameya Damle, Ravi Vaidyanathan, Sanjay Puri and 35
other Investors
Jupiter (2019, Mumbai, $24.0M, Series A)
Meyyammai Venkatachalam, Munish Ravinder Varma,
Niren Shah and 44 other Investors
Zupee (2018, Gurgaon, Undisclosed, Series A)
Online skill-based gaming platform
Tomales Bay Capital, WestCap, Matrix Partners and 3
other Investors
Upgraded to MINICORN
OnSurity (2020, Bangalore, Undisclosed, Angel)
Employee benefits administration platform
Whiteboard.fi, Sunil Thomas, Whiteboard and 22 other
Investors
Skill Lync (2017, Chennai, $150K, Seed)
Online platform providing courses for engineering
students
Saikiran Krishnamurthy, Better Capital, Y Combinator
and 6 other Investors
indiagold (2020, Gurgaon, $12.0M, Series A)
Online marketplace for gold loans
PayU, Kunal Bahl, Rohit Kumar Bansal and 20 other
Investors
FrontRow (2020, Chandigarh, $783K, Seed)
Non-Academic Courses taught by industry experts
Zachary Sims, Vidit Aatrey, Dinesh Kumar Godara and
23 other Investors

22
Collpoll (2013, Bangalore, $422K, Seed)
Mobile & Web-based platform providing AI-based
educational institute management solutions
Anantkumar Hegde, Center for Knowledge Societies,
Prime Venture Partners and 20 other Investors
Fashinza (2020, Gurgaon, $25.0K, Grant (prize
money))
Provider of supply chain visibility solutions for the
apparel industry
Alok Mittal, Flipkart Leap, Omkar Hariharpur
Nagabhushana and 19 other Investors
Elevar Sports (2017, Mumbai, $2.6M, Series A)
E-commerce platform offering internet-first brand
cricket bats
,Kalaari Capitaland
Advantage Club (2016, Gurgaon, $1.7M, Seed)
Employee engagement and recognition platform
Broom,Y Combinator,Kunal Shahand
Yellow Class (2020, Gurgaon, $6.0M, Series A)
Online platform providing courses related to
extracurricular activities for kids
Vidit Aatrey, Abhinav Sinha, Prashant Agarwal and 32
other Investors
AppsForBharat (2020, Bangalore, $10.0M, Series A)
Developer of religious mobile applications for Hindu
people
Vidit Aatrey, Anshumani Ruddra, Kunal Shah and 13
other Investors
Apnaklub (2020, Bangalore, $1.3M, Seed)
Social product discovery and reselling platform
Whiteboard Capital, Ankhi Das, Blume Ventures and 14
other Investors
Titan (2018, Mumbai, $30.0M, Series B)
Automatticand
sKarn RoboticS (2019, Delhi, $15.0M, Series A)
Provider of secure communication and data privacy
solutions
1K Kirana Bazaar (2018, Gurgaon, $588K, Seed)
Provider of retail store aggregating solution for grocery
stores
Ashok Kapoor, Naveen Gupta, Hari TN and 40 other
Investors
ToothSi (2018, Mumbai, $5.0M, Series A)
Provider of an online platform for the purchase of
customized dental braces
Think Investments, Dharmil Sheth, Vishal Agrawal and 6
other Investors
Borzo (2012, Delhi, $35.0M, Series C)
Offers a web-based marketplace providing courier
services
RDIF, Flashpoint, Mubadala and 1 other Investors

23
Proteon Phar (2017, Mumbai, $24.7M, Series A)
Developer of biopharmaceuticals for poultry and aqua
Seventure Partners, Aqua Spark, Montis Capital and 1
other Investors
Added to Editor's Pick
99Games (2008, Udupi, $5.0M, Series B)
Mobile gaming app studio
Dream Incubator,Ascent Capital,Kalaari Capitaland
Enguru (2015, Bangalore, Undisclosed, Seed)
Bisk Ventures, Michael & Susan Dell Foundation,
LetsVenture and 4 other Investors
LocateAI Technologies (2019, Bangalore, $21.0K,
Angel)
Provider of a platform for location-based insights
Raveen Sastry, AngelList, Manik Gupta and 12 other
Investors
Shoptimize (2012, Pune, $50.0K, Conventional Debt)
Cloud based customer engagement solutions for
ecommerce
Tandem Capital,Twinand
Qandle (2016, Gurgaon, $1.2M, Seed)
Cloud-based HRMS suite for businesses
RedwoodVentures,Arun Chandra Mohanand
Cub McPaws (2018, Mumbai, $283K, Seed)
Internet-first brand of apparels for children
Motoko Tanabe, Robin Joffe, Ajay Narula and 42 other
Investors
Khabri (2016, Delhi, $150K, Seed)
Online news aggregator providing curated audio news
JavaCapital, Venture Souq, Liquid 2 Ventures and 10
other Investors
Swift (2018, Bangalore, $140K, Seed)
Asset-light courier delivery services for
small-to-medium e-tailers
Abhinay Pedisetty, Abhinav Daga, Indian Angel Network

24
SHOPG (2018, Bangalore, $1.5M, Seed)
Online retailer of multi-category products
RPSG Ventures, Orios Venture Partners, Prasanth
Narayanan Nair and 3 other Investors
Freightify (2016, Mumbai, $796K, Seed)
Provider of web-based freight quotations & rate
management solutions
Triptee Jain, AngelList, Heena Jaffer and 48 other
Investors
Gully Network (2019, Bangalore, $1.2M, Seed)
Provider of omnichannel solutions for retail stores
Rishabh Nagaich, CP Ventures, Rhea Akbar Jaffer and
125 other Investors
LawRato (2012, Delhi, $307K, Seed)
Online open marketplace for lawyers
Pallav Jain, BDG Angels, Khetan Ashok Radhavallabh
Wysh (2019, Hyderabad, $2.0M, Series A)
Online platform offering personalized video messages
from celebrities
Touchstone Equities, IIMK Alumni Fund, Whiteboard
Capital and 4 other Investors
Schooglink (2016, Bangalore, $129K, Angel)
Provider of online education for students
Nitee Mendhe, Abhishek Ravi, Farooq Aleem and 50
other Investors
Wizely (2016, Bangalore, $1.3M, Seed)
Mobile application for automated savings
Javelin Venture Partnersand
Gramin Healthcare (2011, Gurgaon, $1.3M, Series
A)
Provider of healthcare services in rural & semi urban
India
Global Asia Partners,IFFCOand
Counting Well (2018, Bangalore, $48.5K, Angel)
Mobile-based platform providing Math-related learning
solutions
Tushar Bhansali, Ravinder Sharma, Manju Devi Bhartia
Akudo (2020, , Undisclosed, Seed)
Mobile-based platform providing finance-related
learning solutions
Incubate Fund India,Y Combinatorand
Hylo (2018, Bangalore, Undisclosed, Seed)
API-based account receivable solutions for businesses
NSRCELand
Charzer (2020, Bangalore, $114K, Seed)
Operator of an EV charging network
Ankit Gupta, Startup Nexus, Arjun Ramaraju and 2
other Investors

25
Giftiicon (2019, Bangalore, $2.3M, Seed)
Online platform offering hyperlinks to be sent as gifts
Veera Health (2019, Mumbai, $3.0M, Seed)
Online doctor consultation platform for women's
health
Ethan Perlstein, Holly Liu, Walter Chen and 7 other
Investors
Naukrigulf (2006, Noida, Unfunded)
Job search site for finding jobs in the Middle East
FlashPrep (2020, Bangalore, $500K, Seed)
Mobile-based platform providing
school-curriculum-related learning solutions
Venture Highway, Better Capital, Upsparks and 2 other
Investors
Blackboard Radio (2017, Bangalore, $86.8K, Seed)
Voice-based interactive English learning app
Rohit Bansal, Priyanka Varun Varma, Startup Oasis and
7 other Investors
Fixcraft (2018, Gurgaon, $1.0M, Seed)
Online platform to avail on-demand automotive
repairing services
Ashish Goel, Shiv Behal, Amara Ventures and 28 other
Investors
Pencilton (2017, Hyderabad, $330K, Seed)
App-based platform for prepaid cards
T-Hub, Abhishek Goyal, Kunal Sinha and 9 other
Investors
Brun Health (2014, Delhi, $108K, Angel)
Provider of labor monitoring tool
Suresh Gupta, IKP Knowledge Park, Aniruddha Malpani
FlintoClass (2017, Chennai, $7.2M, Series A)
Pre-school and day-care center
Lightboxand
Xpedize (2017, Gurgaon, $215K, Seed)
SaaS-based dynamic discounting software
Kishore Bindhumadhav Chitale, Lumis Partners, Bobby
kanubhai Parikh and 5 other Investors
Quodeck (2010, Mumbai, $63.9K, Seed)
Gamified learning management software
Ayappa Kaimal,Anith Daniel,CIIEand
eka.care (2021, Bangalore, $4.5M, Seed)
Telehealth solution for patients and doctors to schedule
appointments
Shashank Kumar, Abhishek Goyal, Phanindra Sama and
16 other Investors

26
Our Food (2016, Hyderabad, $201K, Seed)
Provides food processing and supply chain
management services to farmers
10000 Startups, HITA, S Venkata Reddy and 3 other
Investors
Dropshop Network (2019, Bangalore, $690K, Seed)
Provider of cloud-based fulfillment services
Karthik Sundaram, AVA Cholayil Health Care Private
Limited, The Chennai Angels and 31 other Investors
BlueLearn (2021, , $34.3K, Seed)
Online marketplace providing multi-disciplinary
learning courses
Gaurav Rajendra Mandlecha, Gaurav Mandlecha,
Surabhi Vashisht Randev and 8 other Investors
SuperK (2019, Kadapa, $798K, Seed)
Provider of store retail chain solution for Tier 2 towns
Ramlal Parmar, Srinivas Anumolu, Rituraj Singh Rautela
Gifto Retail Technologies (2018, Bangalore, $31.7K,
Angel)
AI-powered vehicle damage assessment tool
Kasturi Raghuram Prasad, Ravi Purohit, Satish
Unnikrishnan and 13 other Investors
Arata (2017, Delhi, $500K, Seed)
Internet-first brand offering natural beauty care
products
Rohan Vaziralli, AngelList, Utsav Somani and 7 other
Investors
Kalam Labs (2018, Mumbai, Undisclosed, Seed)
Provider of AR-based learning platform for kids
First Cheque,Lightspeed Venture Partners,Y
Combinatorand
ZOKO (2016, Bangalore, $1.4M, Seed)
SaaS-based social selling platform for businesses
iSeed, Dileep Kannan, Konglo Ventures and 8 other
Investors
Rightbot (2020, Bangalore, $54.5K, Seed)
Provider of an AI & web-based warehouse automation
platform
Entrepreneur First, HAX, Chiratae Ventures and 2 other
Investors
GoKhana (2017, Bangalore, $500K, Seed)
Corporate cafeteria digitization and management
solution
Turbostartand
Metro Ride (2019, Bangalore, $130K, Angel)
App that provides an AI-based platform offering
electric-shuttle services to metro stations
Shailesh Powdwal, Sushant Divakar, Sharda Eswar and 9
other Investors
Staqu (2015, Gurgaon, $443K, Seed)
Image based search & analytics platform for businesses
and security
Indian Angel Network, Anand Ladsariya, Prachi Mehta

27
Glasswing (2017, Delhi, $547K, Angel)
Online marketplace for on-demand trucking services
Arjun Aggarwal, Rakesh Kumar Verma, Ashit Tansukh
Joshi and 7 other Investors
Anthem (2021, Chennai, Unfunded)
Mobile & SaaS-based platform providing financial
AlgonoX (2015, Hyderabad, $886K, Seed)
Provider of a ML-powered RPA solution
Venugopal Maddireddy, Sriram Krishnan, Sambasiva
Rao Vattikuti and 19 other Investors
Portall (1993, Mumbai, $2.1M, Seed)
Mobile application for logistics management and port
documentation
Boxco Shipping Services Pvt Ltd,United Liner Shipping
Services LLP,Arya Communications & Electronics
Services Pvt. Ltd.and
AADAR (2018, Mumbai, $221K, Seed)
Provides an online store for dietary supplements
Syed Mohammed Aun Safawi, Hitender Mahani, Anita
Kumari and 7 other Investors
Tabkids (2012, Gwalior, Unfunded)
Mobile-based platform providing multiple learning
courses for kids
Card91 (2020, Bangalore, $7.0K, Angel)
Open banking API solutions for payments & financial
institutions
Netcore, Shiksha Infotech, Kiran Shetty and 32 other
Investors
Is Going Online (2020, Kochi, $202K, Seed)
Provider of eCommerce solution businesses
Unicorn India Ventures, Artha Venture Fund, Devdatt
Shah and 1 other Investors
Wiz (2019, Chennai, $228K, Angel)
Provider of freight forwarding platform
Axilor Ventures, Ramakant Sharma, Daniel Richner and
2 other Investors
Flick2Know (2010, Gurgaon, Unfunded)
Provider of field sales automation software
Vijay Shukla, Subinder Khurana, SIDBI and 1 other
Investors
Qoruz (2016, Delhi, $8.5K, Angel)
Influencer marketing platform
Nitesh Kripalaniand
Kheti Buddy (2020, Pune, Unfunded)
Provider of cloud-based software solutions for smart
farming

28
Tring (2018, Mumbai, $2.0M, Seed)
Online platform offering personalized video messages
from celebrities
Keshav Sanghi, Atul Kasbekar, Dalbir Saini and 10 other
Investors
AgriBegri (2016, Ahmedabad, Unfunded)
Online platform for farmers to buy farm input products
Tight the Nut (2016, Pune, Unfunded)
Online platform to book maintenance and repair
services for two-wheelers
Bhau Institute of Innovationand
Mahagram (2015, Thane, Unfunded)
Banking correspondent
eee-Taxi (2016, Gurgaon, $188K, Seed)
Tech-enabled platform offering electric vehicle
ride-hailing management solutions
Shelland
Flam (2018, Bangalore, $3.5M, Seed)
App-based social platform for sharing AR videos
9Unicorns,Inventus Capital Partnersand
Railofy (2020, Mumbai, $957K, Seed)
Provider of a claims compensation platform for
cancelled trains
Calabasas Capital, Monali Bhartiya, Chiratae Ventures
Constems-AI (2015, Noida, $31.2K, Seed)
Provides computer vision-powered solutions for
surveillance & video analytics
SINE, IIM Lucknow Enterprise Incubation Center, Plugin
KisanServ (2015, Pune, Unfunded)
A Cloud-based Market Linkage AgriTech platform
optimizing price discovery and procurement which
traverses through different segments like E-Grocery,
Eateries, D2C, Enterprise business and trade.
Servetel (2004, Gurgaon, Unfunded)
Cloud telephony solutions provider for businesses
GoSats (2020, Bangalore, $700K, Seed)
App based platform offering rewards and bitcoin
cashback
Sathvik Vishwanath, Ajeet Khurana, Sharan Nair and 5
other Investors
Embright Infotech (2017, Bangalore, $40.9K, Seed)
Provider of an online virtual classroom platform and
VR-based labs for schools
CoE IoT, RISE Conf, JioGenNext and 2 other Investors

29
Neuu Labs (2018, Bangalore, $224K, Angel)
Payment solutions for vending machines
Raveen Sastry, Tapas Rudrapatna, Prakash Thawani and
10 other Investors
Hypto (2018, Chennai, $3.1M, Seed)
Open banking API for banking operations
Jitendra Gupta, Sujay Vasudevan, Sweta Amrish Rau
Edelweiss Partners (1995, Mumbai, Unfunded)
App-based financial solutions provider for financial
institutions
iFuture Robotics (2016, Bangalore, $100K, Seed)
Performs R&D and develops warehouse automation
robots and devices
LogX, Qualcomm, Startup Reseau and 1 other Investors
Edukemy (2020, Delhi, $2.0M, Seed)
Mobile & AI-based platform providing UPSC CSE exam
Shailendra Poddar, Anoop Raman Kannan, Ashish
Kumar and 18 other Investors
Careerwill App (2015, Delhi, Unfunded)
Mobile-based platform providing government exam
preparation courses
QuickShift (2015, Pune, $770K, Seed)
Platform offering end-to-end fulfillment solution for
e-commerce businesses
Axilor Ventures,Anicut Capitaland
ElectronicsComp.com (2015, Bangalore, Unfunded)
E-distributor offering electronic components for
enterprises
Superlearn (2020, Ludhiana, $300K, Seed)
Online platform providing after-school activity classes
for kids
Incubate Fund, Karan Talwar, Vishal Bharghav and 2
other Investors
Pilgrim (2019, Mumbai, $1.8M, Series A)
Internet first brand offering multi-category beauty care
products
Saurabh Garg, Amit Kumar, Akhil Gupta and 19 other
Investors
Locofast (2019, Delhi, $1.8M, Seed)
Provider of supply chain platform for the fashion
industry
Chiratae Ventures,Axilor Venturesand
Keka (2014, Hyderabad, Unfunded)
HR and payroll platform for SMEs

30
Pidge (2019, Gurgaon, Unfunded)
Provider of on-demand courier services
Camera Translator (2021, Delhi, Unfunded)
Mobile-based platform providing multiple language
learning solutions
Airpix (2013, Mumbai, Undisclosed, Seed)
Provider of aerial data collection and processing
services
Airbus BizLab,Axilor Acceleratorand
TrashCon (2017, Bangalore, Undisclosed, Grant (prize
money))
Manufacturer of automated segregation system
Indian Institute of Management Bangalore, Prashant
Priya, iB Hubs and 2 other Investors
Cold Brew Tech (2019, Bangalore, $144K, Seed)
App-based platform to meet and chat with random
people
IQ Capital,SAIF Partnersand
Trade For Sure (2016, Mumbai, Unfunded)
App-based platform offering agricultural market
information data
LoanEZ (2020, Gurgaon, Unfunded)
App-based platform for personal credit lines
ChefKart (2020, Gurgaon, $319K, Seed)
Online platform to hire a cook for homes
Lead Angels, Nikhil Mathur, Vivek Sabharwal and 20
other Investors
VersionX (2017, Bangalore, Unfunded)
SaaS-driven visitor management software for
commercial spaces
HRBot (2018, Gurgaon, $111K, Seed)
AI-based recruitment and assessment platform for
companies
Unitus Capitaland
fifthtry (2019, Bangalore, $1.2M, Seed)
Cloud based platform providing automated project
documentation
Y Combinatorand
Bharat EMall (2019, Unfunded)
Platform offering multi-category grocery supplies

31
Robokart (2013, Mumbai, Unfunded)
Online marketplace for purchasing DIY robotics kits
Papertown (2021, Bangalore, Unfunded)
Mobile-based platform providing multi-disciplinary
learning solutions
Ojas Softech (2008, Noida, Unfunded)
Provider of AI-enabled horoscope applications and
digital services
CoinGeto (2015, Delhi, $1.8M, Seed)
Cryptocurrency exchange platform
Impanix Capitaland
OneDios (2019, Noida, $341K, Angel)
App-based marketplace for diversified local services
Atam Parkash Sapra,Prem Pal Sapraand
EVeez (2020, Gurgaon, $67.0K, Angel)
Provider of electric-two-wheeler subscription services
Salil Bhargava, Mrinal Kumar, Ritu Yadav and 5 other
Investors
Acuvate (2006, Hyderabad, Unfunded)
Provider of employee experience monitoring and
chatbot builder platform
Wrap2Earn (2016, Mumbai, $139K, Seed)
OOH Ad Network for advertising on vehicles
Mihir Shah,Ian Dsouza,Adhvith Dhudhuand
My Testex (2021, Unfunded)
Mobile-based platform providing multiple exam
Flowace (2017, Mumbai, Unfunded)
Time tracking and productivity software
Grow Simplee (2020, Gurgaon, Unfunded)
Platform offering end-to-end logistic solution for D2C
brands
Better Capital,Veeraa Venturesand
Glamplus (2020, Bangalore, $274K, Seed)
Provider of SaaS based salon management software
Sravan Kumar, IPV, Abhishek Daiya and 3 other
Investors

32
Flat White Capital (2020, Gurgaon, Unfunded)
Online marketplace for gold-backed loans
Neverinstall (2020, Bangalore, $379K, Seed)
Cloud operating system for accessing desktop
applications
Sarath Sura, Dhimant Parekh, Krishnamoorthy
Subramanian and 2 other Investors
Tiendeo (2010, Mumbai, Unfunded)
Online platform offering coupons and offers for
multi-category products
Anakage (2013, Bangalore, Undisclosed, Seed)
Cloud based IT service desk automation management
platform provider
CIO Angel Networkand
Teach Mantra (2021, Sikar, Unfunded)
Mobile application for providing online courses for
school students
CodeQuotient (2015, Mohali, $21.2K, Angel)
Online platform providing full-stack development and
software engineering learning solutions
Sakshi Bhasin, Morpheus Gang, Sameer Guglani and 3
other Investors
Gifts and Boxes (2020, Meerut, Unfunded)
Online gifting platform offering multi-category gifting
products
NSRCELand
BotCore (2006, Hyderabad, Unfunded)
Chatbot building platform for enterprises
360Quadrants (2018, Pune, Unfunded)
Cloud-based platform for software discovery
DoYou (2019, Mumbai, $145K, Seed)
Internet first brand offering skin care products for
women
Manoj Gupta, Deepa Shetty, Kashyap Nansi and 18
other Investors
Blocal (2020, Bangalore, Unfunded)
Online marketplace offering grocery supplies
Streak Card (2020, Bangalore, $57.7K, Seed)
Digital bank for teenagers
Mintosh, Abhinav Daga, Prakash Iyer and 9 other
Investors

33
Country Bean (2016, Kolkata, Unfunded)
Brand of flavoured Coffee
Mobtexting (2014, Bangalore, Unfunded)
Global bulk messaging & cloud telephony for Enterprise
Farm Infinity (2020, Guwahati, $20.4K, Angel)
Online crop insurance comparison platform for small
and marginal farmers
Samir Baruah,Vinay Viswanath Peshwa,Hemanta
Narzaryand
Ideapoke (2012, Bangalore, Unfunded)
Professionals marketplace for technology providers and
businesses
Hackerhive (2015, Bangalore, Unfunded)
Cloud-based bug-bounty and public disclosure
template generator platform
CREDmitra (2020, Mumbai, $31.8K, Angel)
AI-backed actionable analytics & niche business
processes automation
Sameer Handa,Praveen Gyaneshwar Ojha,Sonali
Pathakand
Vama Leathers (2016, Kanpur, Unfunded)
Platform offering leash and collars for pets
NSRCELand
Helo (2018, Mumbai, Unfunded)
Provider of communication API solutions
WeSkill (2020, Ghaziabad, Unfunded)
AI-based platform providing multi-disciplinary learning
courses for kids
Gamyam Technologies (2015, Hyderabad,
Unfunded)
Provider of end-to-end GIS solutions
WeddingPlz (2013, Delhi, Unfunded)
Online platform offering suite of multi-category
wedding vendors and planning tools
Cassini Systems (2014, Hyderabad, Unfunded)
Provides project lifecycle management solutions

34
BaggageAI (2018, Mumbai, Unfunded)
Provider of AI-powered baggage screening systems
Recur (2021, Delhi, Unfunded)
Online lending platform for subscription-based
businesses
OdinMo (2021, Bangalore, Unfunded)
Digital bank for businesses
Thrifty AI (2019, Pune, Unfunded)
Provider of AI and cognitive computing-based chatbots
for customer engagement
NetBook (2021, Bangalore, Unfunded)
Cloud and AI-based suite solutions for enterprise
collaboration
Geliose (2017, Delhi, Unfunded)
Limited information available
FITTand
One Take Media (2016, Mumbai, Unfunded)
Subscription-based video streaming platform provider
Flo Mobility (2019, Bangalore, Unfunded)
Autonomous micro-mobility management & fleet
re-positioning solutions
Venture Garageand
Trackier (2017, Delhi, Unfunded)
Cloud based marketing performance management
solution provider
Kaleidozone (2015, Chennai, Unfunded)
VR-based experience and VR entertainment solutions
provider
Logic Soft (1986, Chennai, Unfunded)
Provider of software for book trade
ACT21 (2009, Delhi, Unfunded)
AI-based banking software suite

35
IndoWings (2020, Noida, Unfunded)
Provider of a drone service solution for multiple
applications
AutoBotCenter (2020, Indore, Unfunded)
Online platform to book on-demand car repair &
maintenance services
Solar Ladder (2020, Mumbai, Unfunded)
Provider of solar sales and design software solutions
Xenottabyte (2017, Delhi, Unfunded)
Provider of call management suite solutions
Happy Flap (2020, Delhi, Unfunded)
Provider of customer engagement platform
Paras Anti Drone Technologies (2020, Mumbai,
Unfunded)
Provider of cloud and AI-powered counter-drone
systems
Innovative Pulp Products (1994, Coimbatore,
Unfunded)
Provider of molded pulp packaging products
NextAqua (2018, Hyderabad, Unfunded)
Developer of IOT enabled custom-built aquaculture
farm equipment
PetroBot (2019, Jaipur, Unfunded)
Provider of in-services tank inspection service robot
technology
HoloKitab (2020, Jalandhar, Unfunded)
Mobile-based platform providing interactive 3D
textbooks for students
Weaveroo (2020, Bangalore, Unfunded)
Platform offering AI-based product content solution for
online retailers
Squoro (2015, Kochi, Unfunded)
Provider of GPS-based school bus tracking devices

36
IndyWise (2020, Gurgaon, Unfunded)
AI-based platform providing career-based learning
solutions
Entersoft (2020, Hyderabad, Unfunded)
Provider of API penetration and security testing
solutions
File ZIPO (2021, Haryana, Unfunded)
Cloud based platform offering Salesforce storage
solution
neoHire (2020, Coimbatore, Unfunded)
AI-based e-recruitment and LMS platform for IT
Sky Exchange (2021, Unfunded)
Provider of WhatsApp-based betting agent
logout.studio (2021, Pune, Unfunded)
SaaS-driven business management software for the
travel industry
Pacific Gaming (2017, Bangalore, Unfunded)
Video game developer focusing on casino games
MindBox (2012, Mumbai, Unfunded)
Provider of online courses focusing on coding for
schools and students
Pando (2015, Chennai, Unfunded)
Provider of a web-based transportation management
system
Purpleslate (2017, Chennai, Unfunded)
Provider of conversational AI development services
CampaignLadder (2017, Noida, Unfunded)
Platform offering software for email marketing
Rannkly (2019, Noida, Unfunded)
Cloud-based online reputation and social media
management platform

37
BotLab Dynamics (2016, Delhi, Unfunded)
Provider of light show drones and service solutions
Phoenix Advanced Softwares (2010, Jaipur,
Unfunded)
Cloud based enterprise resource planning software
provider
Games Moon Studios (2020, Hyderabad,
Unfunded)
Mobile game developer focusing on casual games
EmailsGuru (2019, Delhi, Unfunded)
Enterprise email backup solution provider
Hirect (2021, Delhi, Unfunded)
Cloud-based hiring solution for enterprises
LINKZ (2021, Kochi, Unfunded)
Provider of an integration platform for IoT devices
SellerBuddy (2020, Bangalore, Unfunded)
Provider software suite solution for b2b businesses
The Homework Ap (2019, Bangalore, Unfunded)
Mobile & Cloud-based platform providing homework
Kapture Software (2011, Bangalore, Unfunded)
Provider of customer experience management
software
Polycycle (2019, Tiruppur, Unfunded)
Provider of solutions to convert plastic bottles into
polyester staple fibre
Automaton AI (2019, Pune, Unfunded)
Provider of ML and computer vision-based full-stack
platform for data democratization

IPO Date Company IPO Mcap Exchange Ticker
10 Aug 2021
NPST (2013, Thane, )
Mobile banking and payments solutions
NSE:NPST
IPOs
List of IPOs in India Tech in August 2021
India Tech: IPOs
38

Acquisitions (1/2)
List of Acquisitions in India Tech in August 2021
India Tech: Acquisitions
39
Acq. Date Company Acquirer Deal Size
03 Aug 2021
KnowledgeHut(2011, Bangalore)
Training for Professional Certification Courses
upGrad
04 Aug 2021
Whodat(2013, Bangalore, $0.6M)
Augmented reality platform for product visualization
BYJU'S
05 Aug 2021
Doxper(2015, Mumbai, $6.1M)
Smart tools for prescriptions and physician order entry
Meddo
05 Aug 2021
AbhiBus(2008, Hyderabad, $12.9M)
Online-based platform fro booking transportation tickets and
accomodation
Ixigo
09 Aug 2021
Total Cloud(2015, Bangalore, $0.8M)
Cloud management solutions provider
Qualys
10 Aug 2021
Moneylicious(2012, Mumbai)
Online platform for trading in commodity, currency, and mutual
fund
Raiseholding
10 Aug 2021
NittioLearn(2012, Bangalore)
Platform to create learning apps and customized assignments
Whatfix
13 Aug 2021
Skyesports(2018, Chennai)
Esports league organizer
JetSynthesys
16 Aug 2021
Blufit(2017, Jaipur)
Platform offering healthy diet food delivery services
ParaFit
16 Aug 2021
BabyChakra(2017, Mumbai, $4.1M)
Online parenting platform for pregnancy and childcare
MyGlamm

Acquisitions (2/2)
List of Acquisitions in India Tech in August 2021
India Tech: Acquisitions
40
Acq. Date Company Acquirer Deal Size
16 Aug 2021
Rolocule(2010, Pune, $0.1M)
Game development and research studio
Dream Sports
19 Aug 2021
Credenc(2017, Gurgaon, $27.8M)
Online marketplace for education loans
Capital India Home Loans
23 Aug 2021
Milkbasket(2015, Gurgaon, $35.1M)
Online subscription-based platform offering daily grocery needs
Reliance Industries
24 Aug 2021
PayAgri(2017, Chennai, $0.4M)
Online platform to bring cashless ecosystem in Agriculture
Suumaya Lifestyle
26 Aug 2021
Enclouden(2012, Bangalore, $1.0M)
Enterprise cloud engine for cloud management and monitoring
Quantum
31 Aug 2021
The Better Home(2011, Delhi)
Internet first brand offering eco-friendly home care products
Global Bees
31 Aug 2021
BillDesk(2000, Mumbai, $245.4M)
Bill payment platform for businesses
PayU $4700.0M

Recent News (1/2)
Recent News in India Tech in August 2021
India Tech:News
41
Exit News
.
● Travel firm Ixigo files IPO documents to raise ₹1,600 crore Livemint
.
● India's Delhivery Buys Pe-owned Spoton Logistics Asian Venture Capital Journal
.
● Ixigo acquires Abhibus, boosts presence beyond India's major cities PhocusWire
.
● Ola Ropes In Citigroup & Kotak Mahindra To Manage Its $1 Bn IPO Inc42
.
● TransDigm confirms Meggitt takeover approach but makes no offer yet
Morningstar
.
● TA Associates to partly exit Rategain as travel tech services firm files for IPO
VCCircle
.
● Nazara Technologies acquires OpenPlay for Rs 186.4 crore Business Standard
.
● Suumaya Industries acquires 51% stake in agritech startup payAgri Journey Line
.
Fund News
.
● Prime Venture Partners announces Fund IV of $100M, with a first close of
$75M YourStory Media
.
● Dream11 launches $250M corporate venture fund to back sports YourStory Media
.
● Applyifi and Launchpad Advisory Launch an Accelerator Fund to Nurture and
Invest in MVP and Pilot-stage Startups IndianWeb2
People News
.
● MobiKwik appoints Punita Kumar Sinha, 3 others as independent directors
Business Standard
.
● Sanjeev Kapoor’s culinary AI platform Tinychef appoints senior leadership team
Adgully
.
● RapiPay appoints Nipun Jain as Chief Executive Officer Punekar News
.
● IPO-bound Paytm to expand ESOP pool to 61 mn shares through EGM on Sep 2
Business Standard
.
● Sistema Asia Fund appoints Sampathkumar Padhukottai VCCircle
.
● Meena Ganesh, Vaibhav Tewari joins Portea Medical as Chairperson and CEO
IndiaMedToday
.
● ZestMoney gets its new Chief Banking Officer People Matters
.
● Kunal Shah of CRED Joins Pine Labs' Board SMEStreet.in
.
Company News
.
● Singapore-Based EdTech Platform Teachee Launches in India IndianWeb2

Recent News (2/2)
Recent News in India Tech in August 2021
India Tech:News
42
● Cred enters Indian P2P lending space Retail Banker International
.
● Dunzo enters online grocery race, launches 19-minute delivery in Bengaluru
Moneycontrol
.
● Mobility startup Ola enters used cars retailing segment YourStory Media
.
● Microblogging App, Koo Launches In Nigeria Independent
.
Regulatory News
.
● Indian financial watchdog eyes $1.3bn fine for e-commerce giant Flipkart City
A.M.
.
● India Probes L&T's Employee Welfare For Alleged Fraud BloombergQuint
.
● Competition Commission open to probe Flipkart, Amazon separately Business
Standard

Explore more on Tracxn
Explore more about India Tech on Tracxn Platform
India Tech: Explore more on Tracxn Platform
43
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Editor's Pick
Soonicorn Club
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Consumer Digital in India
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Detailed profile of Ola
Competitors of OYO
Cap Tables of Swiggy
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Investment Trend of last 10 years
Mega Investments Rounds
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Tracxn - Monthly Report - India Tech - August 2021

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Tracxn - Monthly Report - India Tech - August 2021