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1. TRACXN TOP BUSINESS MODELS REPORT
March 21, 2022
INDIA TECH

2. India Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
IndiaIndia Tech Funding Overview 3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

3. India Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Funding in last 1 year
3
Payments $4.4B
K-12 EdTech $3.9B
Horizontal E-Commerce $3.6B
Online Grocery $3.5B
B2B E-Commerce $2.8B
Alternative Lending $2.4B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
LetsVenture
AngelList
79
76
67
Early
Stage
AngelList
Accel
Sequoia Capital
36
29
28
Late
Stage
Tiger Global Management
Sequoia Capital
Accel
53
33
20
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Flipkart
(2007, Bangalore)
$3.6B - Series J
Swiggy
(2014, Bangalore)
$1.3B - Series J
Paytm
(2009, Noida)
$1.1B - Series H
BYJU'S
(2011, Bangalore)
$965M - Series F
BYJU'S
(2011, Bangalore)
$864M - Series F
Swiggy
(2014, Bangalore)
$700M - Series J
Eruditus
(2010, Mumbai)
$650M - Series E
Pine Labs
(1998, Noida)
$600M - Series E
Meesho
(2015, Bangalore)
$570M - Series F
ShareChat
(2015, Bangalore)
$502M - Series E
Ola
(2010, Bangalore)
$500M - Series J
BYJU'S
(2011, Bangalore)
$460M - Series F
Bangalore (54%)
Mumbai (13%)
Gurgaon (9%)
Noida (8%)
Delhi (6%)
Others (10%)

4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲45 Multi Products Marketplaces $3.6B 12 Flipkart | $3.6B | Series J Link
2<> 0 Online Test Preparation Courses $3.1B 10 BYJU'S | $965M | Series F Link
3▼2 Food Ordering Platforms $1.9B 2 Swiggy | $1.3B | Series J Link
4▲1 Vernacular Content Sharing Platforms $1.7B 7 ShareChat | $502M | Series E Link
5▲45 POS Payment Terminals $1.2B 11 Pine Labs | $600M | Series E Link
6▲37 Digital Wallets $1.1B 6 Paytm | $1.1B | Series H Link
7▲129 Social Reselling Platforms $904M 6 Meesho | $570M | Series F Link
8▲16 Internet First Working Capital Loans Marketplaces $747M 5 OfBusiness | $325M | Series G Link
9▲19 Online Marketplace for Drugs $743M 8 PharmEasy | $300M | Series D Link
10▲4 E-commerce Delivery Services $726M 10 Delhivery | $277M | Series H Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲14 B2B Materials Marketplaces $692M 3 OfBusiness | $325M | Series G Link
12-- Car Ride Hailing $679M 5 Ola | $500M | Series J Link
13▲9 Online Executive Education Courses $650M 1 Eruditus | $650M | Series E Link
14▼4 C2B Used Cars Marketplaces $642M 2 CARS24 | $342M | Series F Link
15▲15
Internet First Banks for Businesses with Partner
Bank's License
$641M 9 Razorpay | $375M | Series F Link
16▼10 B2B Horizontal Marketplaces $623M 12 ElasticRun | $330M | Series E Link
17▲41 Electric Scooter Manufacturers $621M 11 Ola Electric | $200M | Series B Link
18▲1 Online Business Payments $595M 10 Razorpay | $375M | Series F Link
19▲324 Online Professional Learning Courses $574M 19 upGrad | $185M | Series E Link
20▼16 Fantasy Sports Platforms $572M 7 Dream11 | $400M | Series F Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- E-Commerce Rollups $538M 15 Mensa Brands | $135M | Series B Link
22▲15 Credit Card Bill Payments $466M 2 CRED | $251M | Series E Link
23▲784 Online Used Cars Outright Buyers $456M 4 Spinny | $283M | Series E Link
24▲16 Internet First Credit Cards $402M 8 slice | $220M | Series B Link
25▲63 Online B2C Meat Retailer $397M 5 Licious | $192M | Series F Link
26▼13 Contract Manufacturing Marketplace $390M 4 Zetwerk | $210M | Series F Link
27▲41 Cryptocurrency Exchanges $375M 3 CoinSwitch | $260M | Series C Link
28▲231 Online B2B Horizontal Retailers $370M 4 Moglix | $250M | Series F Link
29▲6 QR Code Payments $370M 1 BharatPe | $370M | Series E Link
30▼14 Online B2B Reusable Packaging Services $360M 2 Zetwerk | $210M | Series F Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲74 Social Deal Sharing Platforms $354M 3 DealShare | $165M | Series E Link
32▲339 Conversation AI Platforms $345M 3 Gupshup | $240M | Series F Link
33-- Conversational AI Development $340M 4 Gupshup | $240M | Series F Link
34-- Online Eyewear Retailer $319M 4 Lenskart | $220M | Series G Link
35▲96
Internet First Retail Banks with Partner Bank's
License
$316M 20 Niyo | $100M | Series C Link
36▲76 Internet First Insurers $287M 6 Digit Insurance | $200M | Series C Link
37-- Banking Software Suite $280M 2 Zeta | $250M | Series C Link
38▲3 Hyperlocal Delivery $276M 5 Dunzo | $240M | Series E Link
39▼27 Healthcare Booking Platforms $274M 8 MediBuddy | $125M | Series C Link
40▼8 Tech Enabled End to End Home Interior Designers $270M 9 LivSpace | $180M | Series F Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲829 Online Consumer Services Providers $255M 1 Urban Company | $255M | Series F Link
45▲48 Virtual Classroom For Tutors $242M 6 Teachmint | $78.0M | Series B Link
46▼4 Hyperlocal Delivery Services $240M 2 Dunzo | $240M | Series E Link
47▲83 Lending As a Service Platforms $233M 10 CredAvenue | $137M | Series B Link
48▲9 Ecommerce Fulfillment Software $231M 9 ShipRocket | $185M | Series E Link
49▲15 Used Cars Listing Platforms $231M 3 CarDekho | $200M | Series E Link
50▼33 API Development Platforms $225M 3 Postman | $225M | Series D Link
51▼31 Applicant Tracking System $221M 5 Eightfold | $220M | Series E Link
52▼43 Real Money eSports Gaming Platforms $220M 12 MPL | $150M | Series E Link
55-- Used Vehicle Marketplaces $200M 1 Droom | $200M | Series G Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Multi Products Marketplaces - India
01
9
Back to index
Horizontal E-Commerce (ShopClues)
(# Cos: 1416 | $14.5B)
Marketplace (Flipkart)
(# Cos: 415 | $14.0B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$3.6B (▲5633%)
12(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$14.0B
44
-
415
6
Flipkart
(2007, Bangalore, $10.8B)
ShopClues
(2011, Gurgaon, $249M)
Snapdeal
(2010, Delhi, $1.8B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Flipkart (2007, Bangalore)
$3.6B - Series J - Jul 2021
LoveLocal (2015, Mumbai)
$18.0M - Series A - Oct 2021
Snapmint (2015, Mumbai)
$9.0M - Series A - Mar 2022
Snapmint (2015, Mumbai)
$6.0M - Series A - Nov 2021
Snapmint (2015, Mumbai)
$2.7M - Series A - Jan 2022
Sustainkart (2020, Hyderabad)
$500K - Seed - Jan 2022
OurBetterPlanet (2020, Bangalore)
$300K - Seed - Jul 2021
View all 12 Funding Rounds on Tracxn Platform

10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Courses - India
02
10
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$3.1B (▲170%)
10(▼23.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$6.1B
32
-
400
3
Test Preparation Tech (Testbook)
(# Cos: 1812 | $6.8B)
Digital Learning (Vedantu)
(# Cos: 1666 | $6.7B)
Diversified (BYJU'S)
(# Cos: 448 | $6.5B)
Self-Paced (Unacademy)
(# Cos: 400 | $6.1B)
Unacademy
(2015, Bangalore, $881M)
BYJU'S
(2011, Bangalore, $5.0B)
Toppr
(2013, Mumbai, $107M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BYJU'S (2011, Bangalore)
$965M - Series F - Mar 2022
BYJU'S (2011, Bangalore)
$864M - Series F - Sep 2021
BYJU'S (2011, Bangalore)
$460M - Series F - Mar 2021
Unacademy (2015, Bangalore)
$440M - Series H - Aug 2021
BYJU'S (2011, Bangalore)
$340M - Series F - Jun 2021
BYJU'S (2011, Bangalore)
$50.0M - Series F - Jun 2021
Entri (2015, Kochi)
$7.0M - Series A - Feb 2022
View all 10 Funding Rounds on Tracxn Platform

11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - India
03
11
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$1.9B (▲45.2%)
2(▼71.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$5.8B
18
1
328
1
Food Tech (UrbanPiper)
(# Cos: 2257 | $7.0B)
Food Discovery and Ordering (EazyDiner)
(# Cos: 1005 | $5.9B)
Restaurant Aggregator (Zomato)
(# Cos: 485 | $5.8B)
Platform Delivered (Swiggy)
(# Cos: 328 | $5.8B)
Swiggy
(2014, Bangalore, $3.6B)
Zomato
(2010, Gurgaon, $2.1B)
Foodpanda India
(2012, $23.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Swiggy (2014, Bangalore)
$1.3B - Series J - Apr 2021
Swiggy (2014, Bangalore)
$700M - Series J - Jan 2022

12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Vernacular Content Sharing Platforms -
India
04
12
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$1.7B (▲354%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.4B
10
-
23
4
Social Platforms (DailyRounds)
(# Cos: 1762 | $3.0B)
Horizontal (Trell)
(# Cos: 706 | $2.8B)
Photo and Video Sharing (VerSe)
(# Cos: 86 | $2.4B)
Vernacular (ShareChat)
(# Cos: 23 | $2.4B)
ShareChat
(2015, Bangalore, $1.4B)
VerSe
(2007, Bangalore, $942M)
Josh
(2020, Bangalore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ShareChat (2015, Bangalore)
$502M - Series E - Apr 2021
VerSe (2007, Bangalore)
$450M - Series I - May 2021
ShareChat (2015, Bangalore)
$266M - Series G - Dec 2021
ShareChat (2015, Bangalore)
$225M - Series E - Mar 2021
ShareChat (2015, Bangalore)
$145M - Series F - Jul 2021
Public (2018, Delhi)
$41.0M - Series C - Mar 2021
VerSe (2007, Bangalore)
$28.0M - Series I - Jan 2022

13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
POS Payment Terminals - India
05
13
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$1.2B (▲1919%)
11(▲120%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.9B
18
-
71
6
Payments (BharatPe)
(# Cos: 1454 | $15.3B)
Business Payments (Razorpay)
(# Cos: 729 | $4.6B)
POS Payments (Ezetap)
(# Cos: 102 | $1.9B)
POS Payment Terminal (Pine Labs)
(# Cos: 71 | $1.9B)
Pine Labs
(1998, Noida, $1.6B)
Ezetap
(2011, Bangalore, $59.1M)
Mosambee
(2008, Mumbai, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pine Labs (1998, Noida)
$600M - Series E - Jul 2021
Pine Labs (1998, Noida)
$285M - Series D - Apr 2021
Pine Labs (1998, Noida)
$150M - Series E - Feb 2022
Pine Labs (1998, Noida)
$100M - Series E - Sep 2021
Pine Labs (1998, Noida)
$20.0M - Series E - Jan 2022
Innoviti (2008, Bangalore)
$10.7M - Series D - Jan 2022
Ezetap (2011, Bangalore)
$5.1M - Series C - Jun 2021
View all 11 Funding Rounds on Tracxn Platform

14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Paytm (2009, Noida)
$1.1B - Series H - Nov 2021
MobiKwik (2009, Gurgaon)
$26.7M - Series E - May 2021
MobiKwik (2009, Gurgaon)
$6.2M - Series E - Mar 2021
MobiKwik (2009, Gurgaon)
$5.0M - Series E - Apr 2021
FLYK (2020, Mumbai)
$6.8K - Seed - Sep 2021
FLYK (2020, Mumbai)
$5.4K - Angel - Apr 2021
Digital Wallets - India
06
14
Back to index
Payments (Razorpay)
(# Cos: 1454 | $15.3B)
Consumer Payments (CRED)
(# Cos: 624 | $10.1B)
Wallets (MobiKwik)
(# Cos: 188 | $8.6B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$1.1B (▲1464%)
6(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$8.6B
29
2
188
2
MobiKwik
(2009, Gurgaon, $256M)
PhonePe
(2012, Bangalore, $700M)
FreeCharge
(2010, Gurgaon, $117M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Social Reselling Platforms - India
07
15
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$904M (▲6730%)
6(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.2B
7
-
25
3
Social Commerce (Trell)
(# Cos: 126 | $1.8B)
Reselling Platforms (CoutLoot)
(# Cos: 28 | $1.2B)
Multi Category (Shop101)
(# Cos: 28 | $1.2B)
Diversified (Meesho)
(# Cos: 25 | $1.2B)
Meesho
(2015, Bangalore, $1.1B)
Shop101
(2015, Mumbai, $20.3M)
CoutLoot
(2016, Mumbai, $41.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Meesho (2015, Bangalore)
$570M - Series F - Sep 2021
Meesho (2015, Bangalore)
$300M - Series E - Apr 2021
CoutLoot (2016, Mumbai)
$25.0M - Series A - Jul 2021
CoutLoot (2016, Mumbai)
$8.0M - Series A - Sep 2021
BizzTM (2020, Gurgaon)
$1.2M - Seed - Sep 2021
ResellMe (2019, Delhi)
$245K - Seed - Apr 2021

16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Working Capital Loans
Marketplaces - India
08
16
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$747M (▲578%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$954M
5
-
12
2
Alternative Lending (Rupeek)
(# Cos: 1138 | $6.3B)
Online Lenders (Simpl)
(# Cos: 801 | $5.2B)
Business Loans (FlexiLoans)
(# Cos: 179 | $2.2B)
Working Capital Loans (Progcap)
(# Cos: 16 | $973M)
Marketplace (OfBusiness)
(# Cos: 12 | $954M)
OfBusiness
(2015, Gurgaon, $892M)
Progcap
(2016, Delhi, $61.1M)
Aagey
(2017, Bangalore, $446K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OfBusiness (2015, Gurgaon)
$325M - Series G - Dec 2021
OfBusiness (2015, Gurgaon)
$207M - Series F - Sep 2021
OfBusiness (2015, Gurgaon)
$160M - Series E - Jul 2021
Progcap (2016, Delhi)
$30.0M - Series C - Sep 2021
Progcap (2016, Delhi)
$25.0M - Series B - Jun 2021

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Marketplace for Drugs - India
09
17
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$743M (▲622%)
8(▼11.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$1.5B
36
-
587
3
Healthcare Booking Platforms (1mg)
(# Cos: 3531 | $3.7B)
Pharmacies (HealthKart)
(# Cos: 1072 | $1.8B)
Drugs (Netmeds.com)
(# Cos: 612 | $1.6B)
Diversified (PharmEasy)
(# Cos: 587 | $1.5B)
PharmEasy
(2015, Mumbai, $1.1B)
Netmeds.com
(2015, Chennai, $109M)
SastaSundar
(2013, Kolkata, $38.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PharmEasy (2015, Mumbai)
$300M - Series D - Jun 2021
PharmEasy (2015, Mumbai)
$227M - Series E - Oct 2021
PharmEasy (2015, Mumbai)
$163M - Series D - Apr 2021
PharmEasy (2015, Mumbai)
$44.5M - Series D - Jun 2021
Truemeds (2018, Mumbai)
$5.0M - Series A - Mar 2021
Biddano (2016, Pune)
$2.2M - Series A - Apr 2021
Tablt (2018, Kolkata)
$1.5M - Seed - Feb 2022
View all 8 Funding Rounds on Tracxn Platform

18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
E-commerce Delivery Services - India
10
18
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$726M (▲353%)
10(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$2.0B
18
1
44
7
Logistics Tech (Shadowfax)
(# Cos: 2599 | $5.2B)
Ecommerce Logistics (ShipRocket)
(# Cos: 229 | $2.6B)
End to End Delivery Services (Pickrr)
(# Cos: 52 | $2.1B)
Own Fleet (Delhivery)
(# Cos: 44 | $2.0B)
Delhivery
(2011, Delhi, $1.4B)
Pickrr
(2015, Faridabad, $16.4M)
XpressBees
(2015, Pune, $276M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Delhivery (2011, Delhi)
$277M - Series H - May 2021
Delhivery (2011, Delhi)
$125M - Series I - Sep 2021
XpressBees (2015, Pune)
$100M - Series F - Feb 2022
Delhivery (2011, Delhi)
$100M - Series H - Jul 2021
Delhivery (2011, Delhi)
$98.9M - Series J - Dec 2021
Pickrr (2015, Faridabad)
$12.0M - Series B - Aug 2021
Prozo (2014, Noida)
$10.1M - Series A - Mar 2022
View all 10 Funding Rounds on Tracxn Platform

19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
B2B Materials Marketplaces - India
11
19
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$692M (▲529%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$973M
3
-
3
2
B2B E-Commerce (udaan)
(# Cos: 1423 | $5.7B)
Industrial Goods (Bulk MRO)
(# Cos: 210 | $1.0B)
Materials (Tradohub)
(# Cos: 20 | $973M)
Diversified (Power2SME)
(# Cos: 4 | $973M)
Marketplace (OfBusiness)
(# Cos: 3 | $973M)
OfBusiness
(2015, Gurgaon, $892M)
Power2SME
(2012, Gurgaon, $80.9M)
Tradohub
(2013, Ahmedabad)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OfBusiness (2015, Gurgaon)
$325M - Series G - Dec 2021
OfBusiness (2015, Gurgaon)
$207M - Series F - Sep 2021
OfBusiness (2015, Gurgaon)
$160M - Series E - Jul 2021

20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Car Ride Hailing - India
12
20
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$679M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$4.2B
18
-
324
2
Road Transport Tech (redBus)
(# Cos: 2205 | $6.1B)
Ride Hailing (Rapido)
(# Cos: 767 | $4.5B)
Cars (TaxiForSure)
(# Cos: 666 | $4.2B)
Taxi (Savaari)
(# Cos: 604 | $4.2B)
Intracity (Meru)
(# Cos: 432 | $4.2B)
Aggregator (Ola)
(# Cos: 324 | $4.2B)
Ola
(2010, Bangalore, $4.0B)
Meru
(2007, Mumbai, $135M)
TaxiForSure
(2011, Bangalore, $45.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ola (2010, Bangalore)
$500M - Series J - Jul 2021
Ola (2010, Bangalore)
$139M - Series J - Dec 2021
Blu Smart (2018, Ahmedabad)
$26.2M - Series A - Aug 2021
Ola (2010, Bangalore)
$20.0M - Series J - Jan 2022
Ola (2010, Bangalore)
$20.0M - Series J - Feb 2022

21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Executive Education Courses -
India
13
21
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$650M (▲475%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$814M
1
-
2
1
Continued Learning (Edureka)
(# Cos: 2708 | $1.7B)
Professional (Simplilearn)
(# Cos: 1954 | $1.6B)
Online Learning (upGrad)
(# Cos: 1915 | $1.6B)
Executive Education (Stratex)
(# Cos: 2 | $814M)
Online Courses (Eruditus)
(# Cos: 2 | $814M)
Eruditus
(2010, Mumbai, $814M)
Stratex
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Eruditus (2010, Mumbai)
$650M - Series E - Aug 2021

22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
C2B Used Cars Marketplaces - India
14
22
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$642M (▲216%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$1.0B
3
-
3
1
Auto E-Commerce & Content (GoMechanic)
(# Cos: 1077 | $3.9B)
Second Hand Vehicles (Spinny)
(# Cos: 182 | $3.0B)
Cars (CarDekho)
(# Cos: 120 | $2.6B)
C2B Marketplace (CARS24)
(# Cos: 3 | $1.0B)
CARS24
(2015, Gurgaon, $1.0B)
BlueJack
(2015, Delhi, $2.3M)
Carbiqi
(2015, Ghaziabad)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CARS24 (2015, Gurgaon)
$342M - Series F - Sep 2021
CARS24 (2015, Gurgaon)
$300M - Series G - Dec 2021

23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Banks for Businesses with Partner
Bank's License - India
15
23
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$641M (▲540%)
9(▲350%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$891M
6
-
18
3
Banking Tech (Zeta)
(# Cos: 618 | $3.0B)
Internet First Banks (Niyo)
(# Cos: 67 | $1.4B)
Through Bank Partnerships (Open)
(# Cos: 60 | $1.4B)
Business Banking (Razorpay)
(# Cos: 18 | $891M)
Razorpay
(2014, Bangalore, $742M)
Open
(2017, Bangalore, $137M)
Chqbook
(2017, Gurgaon, $11.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Razorpay (2014, Bangalore)
$375M - Series F - Dec 2021
Razorpay (2014, Bangalore)
$160M - Series E - Apr 2021
Open (2017, Bangalore)
$100M - Series C - Sep 2021
Chqbook (2017, Gurgaon)
$5.4M - Series A - Sep 2021
mewt (2021, Bangalore)
$590K - Seed - Sep 2021
Open (2017, Bangalore)
$339K - Series B - May 2021
Nemo (2019, Hyderabad)
$97.0K - Seed - May 2021
View all 9 Funding Rounds on Tracxn Platform

24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
ElasticRun (2016, Pune)
$330M - Series E - Feb 2022
udaan (2016, Bangalore)
$200M - Series D - Jan 2022
ElasticRun (2016, Pune)
$75.0M - Series D - Apr 2021
Beldara (2014, Mumbai)
$7.4M - Series A - Mar 2021
Anar Technologies (2019, Mumbai)
$6.2M - Seed - Sep 2021
Bzaar (2020, Bangalore)
$4.0M - Seed - Sep 2021
GramFactory (2018, Gurgaon)
$2.8M - Series A - May 2021
View all 12 Funding Rounds on Tracxn Platform
B2B Horizontal Marketplaces - India
16
24
Back to index
B2B E-Commerce (WayCool)
(# Cos: 1423 | $5.7B)
Horizontal (ElasticRun)
(# Cos: 295 | $2.6B)
Marketplace (udaan)
(# Cos: 151 | $2.0B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$623M (▲101%)
12(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$2.0B
31
1
151
4
udaan
(2016, Bangalore, $1.4B)
ElasticRun
(2016, Pune, $461M)
IndiaMART
(1996, Noida, $35.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Electric Scooter Manufacturers - India
17
25
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$621M (▲1168%)
11(▲57.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.2B
20
1
93
5
Electric Vehicles (Yulu)
(# Cos: 807 | $1.9B)
Automaker (Hero Electric)
(# Cos: 470 | $1.5B)
Two Wheelers (Ola Electric)
(# Cos: 152 | $1.3B)
Scooters (Ather Energy)
(# Cos: 93 | $1.2B)
Ather Energy
(2013, Bangalore, $178M)
Ola Electric
(2017, Bangalore, $865M)
Hero Electric
(2007, Gurgaon, $71.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ola Electric (2017, Bangalore)
$200M - Series B - Sep 2021
Ola Electric (2017, Bangalore)
$200M - Series C - Jan 2022
Ola Electric (2017, Bangalore)
$139M - Series C - Dec 2021
Hero Electric (2007, Gurgaon)
$29.5M - Series B - Jul 2021
Simple Energy (2019, Bangalore)
$21.0M - Seed - Nov 2021
Ather Energy (2013, Bangalore)
$20.3M - Series D - Jan 2022
Simple Energy (2019, Bangalore)
$9.3M - Seed - Aug 2021
View all 11 Funding Rounds on Tracxn Platform

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Razorpay (2014, Bangalore)
$375M - Series F - Dec 2021
Razorpay (2014, Bangalore)
$160M - Series E - Apr 2021
JusPay (2012, Bangalore)
$60.0M - Series C - Dec 2021
PayGlocal (2021, Bangalore)
$4.9M - Series A - Apr 2021
Nimbbl (2020, Mumbai)
$1.5M - Seed - Jul 2021
Salt (Bangalore)
$500K - Seed - Oct 2021
Glimpay (2021, Bangalore)
$265K - Seed - Dec 2021
View all 10 Funding Rounds on Tracxn Platform
Online Business Payments - India
18
26
Back to index
Payments (BharatPe)
(# Cos: 1454 | $15.3B)
Business Payments (Pine Labs)
(# Cos: 729 | $4.6B)
Online Payments (Razorpay)
(# Cos: 154 | $877M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$595M (▲354%)
10(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$877M
26
-
154
7
Razorpay
(2014, Bangalore, $742M)
Ftcash
(2015, Mumbai, $9.8M)
JusPay
(2012, Bangalore, $87.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Professional Learning Courses -
India
19
27
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$574M (▲ >10K%)
19(▲217%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$691M
52
-
683
6
Continued Learning (Scaler)
(# Cos: 2708 | $1.7B)
Professional (Great Learning)
(# Cos: 1954 | $1.6B)
Online Learning (Edureka)
(# Cos: 1915 | $1.6B)
Multi Disciplinary (Simplilearn)
(# Cos: 750 | $700M)
Online Courses (upGrad)
(# Cos: 683 | $691M)
upGrad
(2015, Mumbai, $477M)
Simplilearn
(2010, Bangalore, $71.2M)
Scaler
(2015, Bangalore, $76.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
upGrad (2015, Mumbai)
$185M - Series E - Aug 2021
upGrad (2015, Mumbai)
$120M - Series D - Apr 2021
upGrad (2015, Mumbai)
$103M - Series E - May 2021
Scaler (2015, Bangalore)
$55.0M - Series B - Jan 2022
upGrad (2015, Mumbai)
$40.0M - Series D - Apr 2021
Simplilearn (2010, Bangalore)
$36.0M - Series D - Aug 2021
upGrad (2015, Mumbai)
$29.0M - Series E - Jul 2021
View all 19 Funding Rounds on Tracxn Platform

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Fantasy Sports Platforms - India
20
28
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$572M (▲34.8%)
7(▼30%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.3B
18
-
93
6
Sports Tech (Khelomore)
(# Cos: 1112 | $1.4B)
Fantasy Sports (Games24x7)
(# Cos: 348 | $1.3B)
Online Platforms (MPL)
(# Cos: 308 | $1.3B)
Multi Sports (Dream11)
(# Cos: 93 | $1.3B)
Dream11
(2008, Mumbai, $785M)
MPL
(2018, Bangalore, $389M)
Games24x7
(2006, Mumbai, $32.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dream11 (2008, Mumbai)
$400M - Series F - Mar 2021
MPL (2018, Bangalore)
$150M - Series E - Sep 2021
Games24x7 (2006, Mumbai)
$18.1M - Series B - Jun 2021
Fantasy Akhada (2020, Gurgaon)
$2.4M - Seed - Sep 2021
HalaPlay (2016, Bangalore)
$1.2M - Angel - May 2021
Fantasy Akhada (2020, Gurgaon)
$681K - Seed - Apr 2021
Paytm First Games (2018, Noida)
Undisclosed - Series C - Jun 2021

29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Rollups - India
21
29
Back to index
Brands Tech (ShipRocket)
(# Cos: 93 | $1.5B)
Tech First Ecommerce Brand Acquirers (Mensa
Brands)
(# Cos: 10 | $541M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$538M ( -- )
15( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$541M
9
-
10
6
Mensa Brands
(2021, Bangalore, $187M)
GlobalBees
(2021, Delhi, $187M)
G.O.A.T Brand Labs
(2021, Bangalore, $56.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mensa Brands (2021, Bangalore)
$135M - Series B - Oct 2021
GlobalBees (2021, Delhi)
$112M - Series B - Dec 2021
GlobalBees (2021, Delhi)
$75.0M - Series A - Jul 2021
Mensa Brands (2021, Bangalore)
$50.0M - Series A - May 2021
UpScalio (2021, Gurgaon)
$42.5M - Series A - Aug 2021
10club (2020, Bangalore)
$40.0M - Seed - Jun 2021
G.O.A.T Brand Labs (2021, Bangalore)
$36.0M - Series A - Jul 2021
View all 15 Funding Rounds on Tracxn Platform

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Credit Card Bill Payments - India
22
30
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$466M (▲475%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$703M
3
-
4
1
Payments (Razorpay)
(# Cos: 1454 | $15.3B)
Consumer Payments (MobiKwik)
(# Cos: 624 | $10.1B)
Vertical Payments (Jodo)
(# Cos: 355 | $732M)
Bill Payments (Niki)
(# Cos: 319 | $723M)
Credit Cards (CRED)
(# Cos: 4 | $703M)
CRED
(2018, Bangalore, $694M)
Walnut
(2014, Pune, $9.4M)
Wizi
(2019, Chennai)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CRED (2018, Bangalore)
$251M - Series E - Oct 2021
CRED (2018, Bangalore)
$215M - Series D - Apr 2021

31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Used Cars Outright Buyers - India
23
31
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$456M (▲ >10K%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$530M
1
-
6
1
Auto E-Commerce & Content (GoMechanic)
(# Cos: 1077 | $3.9B)
Second Hand Vehicles (CARS24)
(# Cos: 182 | $3.0B)
Cars (CarDekho)
(# Cos: 120 | $2.6B)
Outright Buyer (Spinny)
(# Cos: 6 | $530M)
Spinny
(2015, Gurgaon, $530M)
Gaadi.com
(2008, Jaipur)
Driveo
(2015, Delhi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Spinny (2015, Gurgaon)
$283M - Series E - Nov 2021
Spinny (2015, Gurgaon)
$108M - Series D - Jul 2021
Spinny (2015, Gurgaon)
$65.0M - Series C - Mar 2021
Spinny (2015, Gurgaon)
Undisclosed - Angel - Dec 2021

32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Credit Cards - India
24
32
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$402M (▲418%)
8(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$496M
6
-
14
3
Payments (Razorpay)
(# Cos: 1454 | $15.3B)
Consumer Payments (CRED)
(# Cos: 624 | $10.1B)
Payment Cards (FamPay)
(# Cos: 73 | $652M)
Credit Cards (Uni Cards)
(# Cos: 27 | $541M)
General Purpose (slice)
(# Cos: 14 | $496M)
slice
(2016, Bangalore, $281M)
Uni Cards
(2020, Bangalore, $89.0M)
OneCard
(2019, Pune, $126M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
slice (2016, Bangalore)
$220M - Series B - Nov 2021
OneCard (2019, Pune)
$76.0M - Series C - Dec 2021
Uni Cards (2020, Bangalore)
$70.0M - Series A - Dec 2021
slice (2016, Bangalore)
$20.0M - Series A - Jun 2021
OneCard (2019, Pune)
$10.0M - Series B - Apr 2021
slice (2016, Bangalore)
$6.3M - Series A - Aug 2021
Galaxycard (2017, Gurgaon)
$450K - Seed - Apr 2021
View all 8 Funding Rounds on Tracxn Platform

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online B2C Meat Retailer - India
25
33
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$397M (▲1372%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$532M
11
-
124
4
Online Grocery (Milkbasket)
(# Cos: 3064 | $7.6B)
B2C Ecommerce (Swiggy)
(# Cos: 2731 | $6.6B)
Meat and Seafood (FreshToHome Foods)
(# Cos: 153 | $685M)
Retailer (TenderCuts)
(# Cos: 142 | $532M)
Meat (Licious)
(# Cos: 124 | $532M)
Licious
(2015, Bangalore, $488M)
TenderCuts
(2016, Chennai, $19.5M)
Fipola
(2016, Chennai, $12.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Licious (2015, Bangalore)
$192M - Series F - Jun 2021
Licious (2015, Bangalore)
$150M - Series F - Mar 2022
Licious (2015, Bangalore)
$52.0M - Series F - Oct 2021
Fipola (2016, Chennai)
$3.0M - Angel - Mar 2022
Licious (2015, Bangalore)
Undisclosed - Series F - Feb 2022

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Contract Manufacturing Marketplace -
India
26
34
Back to index
Manufacturing Tech (Moglix)
(# Cos: 401 | $1.2B)
Contract Manufacturer Marketplace (Bijnis)
(# Cos: 18 | $600M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$390M (▲138%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$600M
4
-
18
3
Bijnis
(2014, Delhi, $43.5M)
Zetwerk
(2018, Bangalore, $554M)
VenWiz
(2020, Bangalore, $3.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zetwerk (2018, Bangalore)
$210M - Series F - Dec 2021
Zetwerk (2018, Bangalore)
$150M - Series E - Aug 2021
Bijnis (2014, Delhi)
$30.0M - Series B - Sep 2021
Schrocken (2018, Hyderabad)
Undisclosed - Series A - Jan 2022

35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Exchanges - India
27
35
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$375M (▲852%)
3(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$424M
9
-
166
4
Cryptocurrencies (Defy)
(# Cos: 625 | $486M)
Financial Services (Unocoin)
(# Cos: 435 | $479M)
Investment Industry (CoinDCX)
(# Cos: 330 | $448M)
Crypto Exchanges (CoinSwitch)
(# Cos: 166 | $424M)
CoinSwitch
(2017, Bangalore, $302M)
CoinDCX
(2018, Mumbai, $112M)
Unocoin
(2013, Bangalore, $6.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CoinSwitch (2017, Bangalore)
$260M - Series C - Oct 2021
CoinDCX (2018, Mumbai)
$90.0M - Series C - Jun 2021
CoinSwitch (2017, Bangalore)
$25.0M - Series B - Apr 2021

36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Moglix (2015, Noida)
$250M - Series F - Jan 2022
Moglix (2015, Noida)
$120M - Series E - May 2021
Tradyl (2021, Bangalore)
$1.3M - Series A - Aug 2021
Bluerickshaw (1957, Delhi)
$300K - Angel - Dec 2021
Online B2B Horizontal Retailers - India
28
36
Back to index
B2B E-Commerce (WayCool)
(# Cos: 1423 | $5.7B)
Horizontal (udaan)
(# Cos: 295 | $2.6B)
E-Distributor (Moglix)
(# Cos: 39 | $612M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$370M (▲ >10K%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$612M
6
1
39
2
Moglix
(2015, Noida, $471M)
LockTheDeal
(2016, Gurgaon, $12.8M)
Just Buy Live
(2015, Mumbai, $126M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
BharatPe (2018, Bangalore)
$370M - Series E - Jul 2021
QR Code Payments - India
29
37
Back to index
Payments (Pine Labs)
(# Cos: 1454 | $15.3B)
Business Payments (Razorpay)
(# Cos: 729 | $4.6B)
QR Code Payments (BharatPe)
(# Cos: 8 | $618M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$370M (▲311%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$618M
3
-
8
1
BharatPe
(2018, Bangalore, $617M)
Trupay
(2015, Gurgaon, $1.0M)
CU Pays
(2017, Mohali)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online B2B Reusable Packaging Services
- India
30
38
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$360M (▲138%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$554M
1
-
2
1
B2B E-Commerce (udaan)
(# Cos: 1423 | $5.7B)
Services (Fashinza)
(# Cos: 88 | $594M)
Packaging (Pinnium)
(# Cos: 30 | $558M)
E-Distributor (Bambrew)
(# Cos: 27 | $558M)
Reusable (Zetwerk)
(# Cos: 2 | $554M)
Zetwerk
(2018, Bangalore, $554M)
PickNpack
(2017, Ahmednagar)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zetwerk (2018, Bangalore)
$210M - Series F - Dec 2021
Zetwerk (2018, Bangalore)
$150M - Series E - Aug 2021

39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Social Deal Sharing Platforms - India
31
39
Back to index
Social Commerce (Trell)
(# Cos: 126 | $1.8B)
Social Deal Sharing (DealShare)
(# Cos: 1 | $393M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$354M (▲1586%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$393M
1
-
1
1
DealShare
(2018, Jaipur, $393M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
DealShare (2018, Jaipur)
$165M - Series E - Jan 2022
DealShare (2018, Jaipur)
$144M - Series D - Apr 2021
DealShare (2018, Jaipur)
$45.0M - Series E - Feb 2022

40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Gupshup (2004, Mumbai)
$240M - Series F - Jul 2021
Gupshup (2004, Mumbai)
$100M - Series F - Apr 2021
E42 (2012, Pune)
$5.4M - Series A - Oct 2021
Conversation AI Platforms - India
32
40
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AI Infrastructure (HyperVerge)
(# Cos: 173 | $465M)
Natural Language Processing (Niki)
(# Cos: 43 | $422M)
Conversational AI (Gupshup)
(# Cos: 21 | $419M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$345M (▲ >10K%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$419M
5
-
21
3
Gupshup
(2004, Mumbai, $390M)
Niki
(2015, Bangalore, $11.0M)
Haptik
(2013, Mumbai, $12.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Gupshup (2004, Mumbai)
$240M - Series F - Jul 2021
Gupshup (2004, Mumbai)
$100M - Series F - Apr 2021
E42 (2012, Pune)
$5.4M - Series A - Oct 2021
Twixor (2013)
$1.0M - Seed - Dec 2021
Conversational AI Development - India
33
41
Back to index
Chatbots (Wysa)
(# Cos: 492 | $631M)
Chatbot Development (Saarthi)
(# Cos: 78 | $399M)
Conversational AI Development
(Gupshup)
(# Cos: 72 | $397M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$340M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$397M
10
-
72
3
Gupshup
(2004, Mumbai, $390M)
Twixor
(2013, $1.0M)
Innoz
(2008, Bangalore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Eyewear Retailer - India
34
42
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$319M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$820M
3
-
36
1
Fashion Tech (Zivame)
(# Cos: 4189 | $2.7B)
B2C Commerce (Myntra)
(# Cos: 3834 | $2.6B)
Accessories (CaratLane)
(# Cos: 901 | $1.2B)
Eyewear (ClearDekho)
(# Cos: 59 | $835M)
Inventory-led (EyeMyEye)
(# Cos: 36 | $820M)
Retailer (Lenskart)
(# Cos: 36 | $820M)
Lenskart
(2010, Delhi, $815M)
EyeMyEye
(2021, Gurgaon, $4.4M)
Cool Winks
(2016, Gurgaon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lenskart (2010, Delhi)
$220M - Series G - Jul 2021
Lenskart (2010, Delhi)
$95.0M - Series G - May 2021
EyeMyEye (2021, Gurgaon)
$2.9M - Seed - Nov 2021
EyeMyEye (2021, Gurgaon)
$1.5M - Seed - Jun 2021

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Retail Banks with Partner Bank's
License - India
35
43
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$316M (▲2104%)
20(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$509M
25
-
36
8
Banking Tech (Zeta)
(# Cos: 618 | $3.0B)
Internet First Banks (Open)
(# Cos: 67 | $1.4B)
Through Bank Partnerships (Razorpay)
(# Cos: 60 | $1.4B)
Retail Banking (Niyo)
(# Cos: 36 | $509M)
Niyo
(2015, Bangalore, $149M)
Zolve
(2020, Bangalore, $55.0M)
Jupiter
(2019, Mumbai, $164M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Niyo (2015, Bangalore)
$100M - Series C - Feb 2022
Jupiter (2019, Mumbai)
$87.0M - Series C - Dec 2021
Jupiter (2019, Mumbai)
$50.9M - Series B - Jun 2021
Fi (2019, Bangalore)
$50.0M - Series B - Oct 2021
Zolve (2020, Bangalore)
$40.0M - Series A - Oct 2021
Fi (2019, Bangalore)
$12.0M - Series A - Jun 2021
Onebanc (2019, Gurgaon)
$5.8M - Series B - Aug 2021
View all 20 Funding Rounds on Tracxn Platform

44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Digit Insurance (2016, Bangalore)
$200M - Series C - Jul 2021
Digit Insurance (2016, Bangalore)
$70.0M - Series D - Jan 2022
Digit Insurance (2016, Bangalore)
$16.3M - Series C - Aug 2021
SafeTree (2020, Delhi)
$1.0M - Angel - Sep 2021
Toffee (2017, Gurgaon)
$950K - Series A - Nov 2021
SafeTree (2020, Delhi)
$68.6K - Angel - Mar 2021
Internet First Insurers - India
36
44
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Internet First Insurance Platforms (Policybazaar)
(# Cos: 232 | $2.1B)
Internet First Insurers (Acko)
(# Cos: 39 | $1.1B)
Diversified (Digit Insurance)
(# Cos: 8 | $492M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$287M (▲1453%)
6(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$492M
4
-
8
2
Digit Insurance
(2016, Bangalore, $442M)
Zopper
(2011, Noida, $40.6M)
Toffee
(2017, Gurgaon, $8.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Banking Software Suite - India
37
45
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Banking Tech (Razorpay)
(# Cos: 618 | $3.0B)
Banking Software Suite (Zeta)
(# Cos: 88 | $376M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$280M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$376M
11
6
88
1
Zeta
(2015, Bangalore, $350M)
InfrasoftTech
(1995, Mumbai, $24.7M)
Nucleus Software
(1986, Noida)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zeta (2015, Bangalore)
$250M - Series C - May 2021
Zeta (2015, Bangalore)
$30.0M - Series C - Mar 2022

46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Dunzo (2014, Bangalore)
$240M - Series E - Jan 2022
Borzo (2012, Delhi)
$35.0M - Series C - Aug 2021
Pidge (2019, Gurgaon)
$1.0M - Seed - Oct 2021
Dunzo (2014, Bangalore)
$265K - Series E - Sep 2021
Hanchens (2020, Gurgaon)
Undisclosed - Seed - Jan 2022
Hyperlocal Delivery - India
38
46
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Logistics Tech (Delhivery)
(# Cos: 2599 | $5.2B)
Parcel (Dunzo)
(# Cos: 593 | $857M)
Hyperlocal Delivery (Shadowfax)
(# Cos: 377 | $610M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$276M (▲263%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$610M
23
-
377
3
Shadowfax
(2015, Bangalore, $101M)
Dunzo
(2014, Bangalore, $401M)
Borzo
(2012, Delhi, $94.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Healthcare Booking Platforms - India
39
47
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Healthcare Booking Platforms (PharmEasy)
(# Cos: 3531 | $3.7B)
Diversified (1mg)
(# Cos: 395 | $1.2B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$274M (▲54%)
8(▼46.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.2B
41
1
395
9
1mg
(2015, Gurgaon, $141M)
MediBuddy
(2013, Bangalore, $211M)
Practo
(2008, Bangalore, $251M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MediBuddy (2013, Bangalore)
$125M - Series C - Feb 2022
Tata Digital Health (2017, Bangalore)
$67.1M - Series A - Jul 2021
Mfine (2017, Bangalore)
$48.0M - Series C - Jul 2021
CallHealth (2013, Hyderabad)
$26.7M - Series C - Mar 2021
Meddo (2018, Gurgaon)
$6.0M - Seed - Jun 2021
ZenOnco (2019, Bangalore)
$1.4M - Seed - Oct 2021
Medpho (2021, Dehradun)
$1.0M - Seed - Sep 2021
View all 8 Funding Rounds on Tracxn Platform

48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Tech Enabled End to End Home Interior
Designers - India
40
48
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$270M (▲189%)
9(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$718M
8
-
32
5
Property Management Tech (MyGate)
(# Cos: 600 | $848M)
Home Improvement Services (Houzz India)
(# Cos: 162 | $731M)
Interior Design (HomeLane)
(# Cos: 104 | $725M)
Inhouse (LivSpace)
(# Cos: 32 | $718M)
LivSpace
(2014, Bangalore, $495M)
HomeLane
(2014, Bangalore, $125M)
Design Cafe
(2015, Bangalore, $59.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LivSpace (2014, Bangalore)
$180M - Series F - Feb 2022
HomeLane (2014, Bangalore)
$50.4M - Series E - Sep 2021
LivSpace (2014, Bangalore)
$35.6M - Series F - Oct 2021
Design Cafe (2015, Bangalore)
$25.0M - Series B - Jun 2021
Arrivae (2017, Mumbai)
$10.0M - Series B - Feb 2022
HomeLane (2014, Bangalore)
$7.1M - Series D - May 2021
Arrivae (2017, Mumbai)
$6.6M - Angel - Oct 2021
View all 9 Funding Rounds on Tracxn Platform

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Urban Company (2014, Gurgaon)
$255M - Series F - Apr 2021
Online Consumer Services Providers -
India
41
49
Back to index
Local Services (GoMechanic)
(# Cos: 4286 | $2.3B)
Multi Services (Sulekha)
(# Cos: 1198 | $738M)
Own Fleet (Urban Company)
(# Cos: 50 | $502M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$255M (▲ >10K%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$502M
6
-
50
2
Urban Company
(2014, Gurgaon, $470M)
Housejoy
(2014, Bangalore, $30.4M)
Sayfix
(2015, Bangalore, $160K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Teachmint (2020, Bangalore)
$78.0M - Series B - Oct 2021
Classplus (2015, Noida)
$65.0M - Series C - Jun 2021
Classplus (2015, Noida)
$62.0M - Series D - Mar 2022
Teachmint (2020, Bangalore)
$20.0M - Series A - Jul 2021
Teachmint (2020, Bangalore)
$16.5M - Series A - Apr 2021
Edmingle (2016, Bangalore)
$300K - Seed - Jun 2021
Virtual Classroom For Tutors - India
42
50
Back to index
K-12 EdTech (Unacademy)
(# Cos: 5370 | $8.0B)
Business Management Software for Tutors
(Teachmint)
(# Cos: 52 | $272M)
Virtual Classroom (Classplus)
(# Cos: 14 | $271M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$242M (▲858%)
6(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$271M
5
-
14
3
Classplus
(2015, Noida, $150M)
Teachmint
(2020, Bangalore, $118M)
Winuall
(2015, Bangalore, $2.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Hyperlocal Delivery Services - India
43
51
Back to index
Local Services (Urban Company)
(# Cos: 4286 | $2.3B)
Concierge (Dunzo)
(# Cos: 55 | $402M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$240M (▲218%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$402M
6
-
55
1
Dunzo
(2014, Bangalore, $401M)
DoneThing
(2015, Gurgaon, $536K)
HelloGenie
(2015, Chennai, $273K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dunzo (2014, Bangalore)
$240M - Series E - Jan 2022
Dunzo (2014, Bangalore)
$265K - Series E - Sep 2021

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
CredAvenue (2017, Chennai)
$137M - Series B - Mar 2022
CredAvenue (2017, Chennai)
$90.0M - Series A - Sep 2021
Rupifi (2019, Delhi)
$25.0M - Series A - Jan 2022
Skeps (2005, Gurgaon)
$9.5M - Series A - Aug 2021
Rupifi (2019, Delhi)
$4.1M - Seed - Mar 2021
Niro (2021, Bangalore)
$3.5M - Seed - Sep 2021
Falcon (2013, Raipur)
$1.9M - Seed - Nov 2021
View all 10 Funding Rounds on Tracxn Platform
Lending As a Service Platforms - India
44
52
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Alternative Lending (Simpl)
(# Cos: 1138 | $6.3B)
Enablers (CreditVidya)
(# Cos: 50 | $486M)
Lending-as-a-service (CredAvenue)
(# Cos: 32 | $295M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$233M (▲1506%)
10(▲233%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$295M
13
1
32
6
CredAvenue
(2017, Chennai, $227M)
Rupifi
(2019, Delhi, $30.1M)
YAP
(2014, Chennai, $15.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
ShipRocket (2012, Delhi)
$185M - Series E - Nov 2021
ShipRocket (2012, Delhi)
$41.3M - Series D - Jul 2021
Shipway (2015, Gurgaon)
$2.4M - Seed - Apr 2021
Dropshop Network (2019, Bangalore)
$1.3M - Seed - Apr 2021
Shyplite (2015, Delhi)
$1.0M - Seed - Jun 2021
eShipz (2019, Bangalore)
$700K - Seed - Sep 2021
Shipway (2015, Gurgaon)
$81.6K - Angel - Mar 2021
View all 9 Funding Rounds on Tracxn Platform
Ecommerce Fulfillment Software - India
45
53
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Logistics Tech (Shadowfax)
(# Cos: 2599 | $5.2B)
Ecommerce Logistics (Delhivery)
(# Cos: 229 | $2.6B)
Fulfillment Enablers (ShipRocket)
(# Cos: 94 | $337M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$231M (▲369%)
9(▲12.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$337M
13
-
94
2
ShipRocket
(2012, Delhi, $287M)
Unicommerce
(2012, Gurgaon, $16.9M)
Holisol Logistics
(2009, Delhi, $22.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Used Cars Listing Platforms - India
46
54
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$231M (▲438%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$952M
7
-
73
2
Auto E-Commerce & Content (GoMechanic)
(# Cos: 1077 | $3.9B)
Second Hand Vehicles (CARS24)
(# Cos: 182 | $3.0B)
Cars (Spinny)
(# Cos: 120 | $2.6B)
Listings (CarDekho)
(# Cos: 73 | $952M)
CarDekho
(2008, Jaipur, $570M)
CarTrade
(2009, Mumbai, $328M)
CarWale
(2005, Mumbai, $9.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CarDekho (2008, Jaipur)
$200M - Series E - Oct 2021
CarTrade (2009, Mumbai)
$30.9M - Series H - Apr 2021
Motozite (2021, Gurgaon)
Undisclosed - Seed - Dec 2021

55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Postman (2014, Bangalore)
$225M - Series D - Aug 2021
Hasura (2018, Bangalore)
$100M - Series C - Feb 2022
Hoppscotch (2019)
Undisclosed - Seed - Dec 2021
API Development Platforms - India
47
55
Back to index
API Management (Canonic)
(# Cos: 65 | $571M)
API Tools (Hasura)
(# Cos: 50 | $571M)
Development (Postman)
(# Cos: 17 | $571M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$225M (▲50%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$571M
4
-
17
2
Postman
(2014, Bangalore, $434M)
Hasura
(2018, Bangalore, $137M)
Canonic
(2020, Delhi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Eightfold (2016, Noida)
$220M - Series E - Jun 2021
ZappyHire (2018, Kochi)
$494K - Seed - Nov 2021
Reculta (2017, Noida)
$98.8K - Seed - Jul 2021
TurboHire (2019, Hyderabad)
Undisclosed - Angel - Nov 2021
Hyreo (2013, Thiruvananthapuram)
Undisclosed - Seed - Jul 2021
Applicant Tracking System - India
48
56
Back to index
HRTech (DarwinBox)
(# Cos: 4790 | $1.9B)
Applicant Tracking System (AuthBridge)
(# Cos: 551 | $555M)
Suite (Eightfold)
(# Cos: 229 | $433M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$221M (▲74.2%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$433M
25
-
229
3
Eightfold
(2016, Noida, $410M)
Superset
(2016, Bangalore, $1.5M)
Belong
(2014, Bangalore, $15.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Real Money eSports Gaming Platforms -
India
49
57
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$220M (▲4.1%)
12(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$506M
20
-
123
2
eSports (Nazara)
(# Cos: 266 | $751M)
eSports Platforms (GetMega)
(# Cos: 199 | $510M)
Competitive Gaming (WinZO)
(# Cos: 189 | $510M)
Real Money Gaming (MPL)
(# Cos: 123 | $506M)
MPL
(2018, Bangalore, $389M)
WinZO
(2016, Delhi, $92.7M)
GetMega
(2018, Bangalore, $9.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MPL (2018, Bangalore)
$150M - Series E - Sep 2021
WinZO (2016, Delhi)
$65.0M - Series C - Apr 2021
Tamasha (2020, Mumbai)
$3.0M - Seed - Oct 2021
Eloelo (2020, Bangalore)
$2.1M - Seed - Jul 2021
Awon Gamez (2020, Noida)
$2.0M - Seed - Sep 2021
FanGame Live (2020, Noida)
$1.2M - Seed - Aug 2021
Gamerji (2018, Ahmedabad)
$1.1M - Seed - Mar 2022
View all 12 Funding Rounds on Tracxn Platform

58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Used Vehicle Marketplaces - India
50
58
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$200M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$342M
2
-
10
1
Auto E-Commerce & Content (GoMechanic)
(# Cos: 1077 | $3.9B)
Second Hand Vehicles (CarDekho)
(# Cos: 182 | $3.0B)
Multi Category (Carandbike)
(# Cos: 31 | $344M)
Marketplace (Droom)
(# Cos: 10 | $342M)
Droom
(2014, Gurgaon, $342M)
WagonBee
(2016, Noida)
eDiig
(2010, Chennai)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Droom (2014, Gurgaon)
$200M - Series G - Jul 2021

59. India Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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