Tracxn - Geo - India Tech - May 2021

TRACXN MONTHLY REPORT
MAY 2021
INDIA TECH

India Tech - May 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 14
Top Funded Business Models - last 1 year 16
New Analyst Picks 17
IPOs 33
Acquisitions 34
Recent News 36

India Tech Snapshot – May 2021
India Tech: Snapshot – May 2021
Note : "Investors" refers to "Institutional Investors" only
3
$1.6B
23 2
Overall Geo Stats
20
12
139
185
81
Funding Rounds $ Invested Analyst Picks
Moglix Upgraded to
UNICORN
New Investors
AND Designs India
Brex
Series A+ rounds Active Investors IPOs
Fugro
Computer Age
Management Services
Acquisitions
Arnekt#@
Scroll.in#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Bangalore
(25 Rounds, $413M)
Delhi
(11 Rounds, $116M)
Mumbai
(8 Rounds, $55.2M)
Gurgaon
(7 Rounds, $284M)
$285M - Series D
Pine Labs (1998, Noida, $683M)
$277M - Series H
Delhivery (2011, Gurgaon, $1.2B)
$250M - Series C
Zeta (2015, Bangalore, $320M)
$150M - Series D
Axtria (2010, Berkeley Heights, $209M)
100x
(10 Investments)
Tiger Global Management
(6 Investments)
Indian Angel Network
(4 Investments)
Better Capital
(4 Investments)
Payments
Pine Labs
Logistics Tech
Delhivery
Banking Tech
Zeta
E-Commerce Enablers
Market Size
Companies Covered 82,551
Funded Companies 8,727
Total Funding $90.9B
Funding in last 12 months $18.7B
Top Exits
IPOs 228
Acquisitions 1,054
Company Stage
Unicorns 49
Soonicorns 182
Minicorns 745
Editor Picks 4,758
Series A+ 1,489
Series C+ 353
Acqui-Hires 107
Deadpooled 16,050
Top Cities
Bangalore (4,532 Rounds, $39.3B)
Mumbai (2,502 Rounds, $10.9B)
Top Investors
Sequoia Capital (186 Investments)
LetsVenture (152 Investments)

Investment Snapshot
Investment Snapshot of India Tech as of May 2021
India Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (May 2021)*
Pine Labs
(1998, Noida, $683M)
$285M - Series D Baron Capital Group
Delhivery
(2011, Gurgaon, $1.2B)
$277M - Series H Fidelity Investments
Zeta
(2015, Bangalore, $320M)
$250M - Series C SoftBank Vision Fund
Axtria
(2010, Berkeley Heights, $209M)
$150M - Series D Bain Capital
Moglix
(2015, Noida, $221M)
$120M - Series E Falcon Edge Capital
FarEye
(2013, Noida, $153M)
$100M - Series E TCV
Lenskart
(2010, Delhi, $573M)
$95.0M - Series G KKR
Locus
(2014, Bangalore, $82.5M)
$50.0M - Series C GIC
Koo App
(2019, Bangalore, $42.4M)
$30.0M - Series B Tiger Global Management
Esper
(2019, Menlo Park, $41.7M)
$30.0M - Series B Scale Venture Partners
Jai Kisan
(2017, Mumbai, $37.5M)
$30.0M - Series A Mirae Asset
*Shows only the lead Investors

List of Funding Rounds (1/9)
List of Funding Rounds in India Tech in May 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
$50.0M - Series C
Locus (2014, Bangalore, $82.5M)
Provider of cloud and AI-based logistics management
software
GIC, Falcon Edge Capital, Tiger Global Management,
Qualcomm Ventures, Amrish Rau, and 3 more
LATE STAGE
$95.0M - Series G
Lenskart (2010, Delhi, $573.3M)
Internet first brand of eyewear
KKR
LATE STAGE
$100.0M - Series E
FarEye (2013, Noida, $153.0M)
Provider of AI and SaaS-enabled low-code delivery
management solutions
TCV, Dragoneer Investment Group, Eight Roads
Ventures, Fundamentum, Honeywell
LATE STAGE
$120.0M - Series E
Moglix (2015, Noida, $220.7M)
Online marketplace for industrial goods
Falcon Edge Capital, Harvard Management Company,
Tiger Global Management, Venture Highway, Sequoia
Capital
LATE STAGE
$150.0M - Series D
Axtria (2010, Berkeley Heights, $208.7M)
Data analytics software solutions for the healthcare
industry
Bain Capital
LATE STAGE
$250.0M - Series C
Zeta (2015, Bangalore, $319.9M)
Cloud-based payment & banking solutions for banks
and enterprises
SoftBank Vision Fund, Sodexo
LATE STAGE
$277.4M - Series H
Delhivery (2011, Gurgaon, $1.2B)
Provider of logistics services platform for eCommerce
companies
Fidelity Investments, The Carlyle Group, Baillie Gifford,
Chimera, Times Internet, and 6 more
LATE STAGE
$285.0M - Series D
Pine Labs (1998, Noida, $683.0M)
POS terminals for businesses & merchants
Baron Capital Group, Duro Capital, Marshall Wace,
Ward Ferry, Temasek, and 2 more
LATE STAGE
Series C
Altigreen (2012, Bangalore, $8.5M)
Developer of drivetrain system for electric commercial
vehicles
AND Designs India

6
EARLY STAGE
$3.0M - Series A
Virohan (2015, Faridabad, $4.9M)
Online and offline courses for healthcare professionals
Rebright Partners
EARLY STAGE
$3.5M - Series B
FabAlley (2012, Noida, $17.3M)
Online fashion brand for fashion accessories & apparel
Elevation Capital, India Quotient, Dominor
EARLY STAGE
$4.0M - Series A
CRONAI (2015, Delhi, $7.2M)
Provider of LiDAR and AI-based 3D sensor edge data
processing platform
Ventureast, Kitaki Ventures, YourNest
EARLY STAGE
$6.0M - Series A
GetMyParking (2014, Ghaziabad, $10.5M)
Tech-enabled platform offering parking management
solutions
IvyCap Ventures, Indian Angel Network Fund
EARLY STAGE
$11.0M - Series A
AgniKul (2016, Chennai, $14.7M)
Developer of space launch vehicles
Mayfield, Globevestor, Speciale Invest, LetsVenture,
LionRock Capital, and 11 more
EARLY STAGE
$11.0M - Series A
Skyroot (2018, Hyderabad, $12.9M)
Provides building of technology solutions for satellites
Sutton Capital, Vedanshu Investments Private Limited,
Graph Ventures, WorldQuant Ventures, Anil
Chalamalasetty, and 3 more
EARLY STAGE
$15.0M - Series A
Magenta Chargegrid (2020, Mumbai, $16.6M)
Provider of end-to-end electric vehicle plug-in charging
solutions
JITO Incubation & Innovation Foundation, Kiran C Patel
EARLY STAGE
$15.7M - Series A
Plum (2019, Bangalore, $20.7M)
Provider of a health insurance & benefits marketplace
for employers
Tiger Global Management, Tanglin Venture Partners,
Incubate Fund India, meyerkeith, Surge, and 18 more

7
EARLY STAGE
$16.0M - Series A
Atlan (2018, Delhi, $18.6M)
DataOps platform for multiple teams
Insight Venture Partners, Surge, WaterBridge Ventures,
Bob Muglia, Bob Moore, and 3 more
EARLY STAGE
$20.0M - Series B
G.O.A.T Brand Labs (2021, , $20.0M)
Provider of brand insights and management solution
Tiger Global Management, Mayfield
EARLY STAGE
$25.0M - Series B
Vernacular.ai (2016, Bangalore, $31.1M)
AI based customer engagement and call center
automation solutions
WestBridge
EARLY STAGE
$30.0M - Series A
Jai Kisan (2017, Mumbai, $37.5M)
Online supply chain platform for farmers
Mirae Asset, Blume Ventures, NABVENTURES Fund,
Prophetic Ventures, Better Capital, and 2 more
EARLY STAGE
$30.0M - Series B
Esper (2019, Menlo Park, $41.7M)
Application lifecycle management solution for Android
device fleets
Scale Venture Partners, Root Ventures, Madrona
Venture Group, Ubiquity Ventures, Haystack
EARLY STAGE
$30.0M - Series B
Koo App (2019, Bangalore, $42.4M)
Provider of a vernacular micro-blogging app
Tiger Global Management, Blume Ventures, Mirae
Asset, IIFL Finance, Dream Incubator, and 9 more
SEED STAGE
$33.8K - Seed
Quizy Games (2020, Gurgaon, $33.8K)
Mobile-based quizzing platform offering rewards
100x
SEED STAGE
$34.0K - Seed
Powerbot (2020, Pune, $34.0K)
SaaS-driven energy monitoring solutions for
residential, commercial, and industrial applications
100x
SEED STAGE
$34.0K - Seed
Clinify (2020, Sancoale, $34.0K)
Online platform providing multi-disciplinary learning
courses
100x

8
SEED STAGE
$34.0K - Seed
Kroop AI (2021, Bangalore, $34.0K)
AI-based solutions for deep fake detection
100x
SEED STAGE
$34.0K - Seed
Moving (2021, Delhi, $34.0K)
Social trading platform for cryptocurrencies
100x
SEED STAGE
$34.0K - Seed
Fieldproxy (2016, Chennai, $34.0K)
Cloud-based field force management solution for
enterprises
100x
SEED STAGE
$34.0K - Seed
BHyve (2019, Mumbai, $34.0K)
Provider of a gamified peer-to-peer learning platform
100x
SEED STAGE
$34.0K - Seed
Talkie (2020, Bangalore, $34.0K)
Cloud-based communication platform for remote
teams
100x
SEED STAGE
$34.0K - Seed
DataKund (2018, Mohali, $47.3K)
Cloud-based no-code browser automation tool
100x
SEED STAGE
$34.0K - Seed
CRE CLUB (2021, Jaipur, $34.0K)
Social payment platform for consumers
100x
SEED STAGE
$100.0K - Seed
iobot Technologies (2016, Pune, $100.0K)
Provider of an IoT enabled tracking solution for
enterprises
GSF, Rajesh Sawhney, Pras Hanuma, Dinesh Agarwal, J
Murugavel
SEED STAGE
$110.0K - Seed
Sutradhar (2019, Gurgaon, $110.0K)
App-based platform offering stories
Titan Capital, Suraj Saharan, Nitin Saluja
SEED STAGE
$140.0K - Angel
ThatMate (2017, Pune, $140.0K)
Online courses on sexual education
Rebalance, , Premanshu Singh, Devendra Rane,
Devadatta Sahoo, and 9 more

9
SEED STAGE
$140.0K - Seed
jobsgaar (2019, Delhi, $140.0K)
Job portal enabling workforce to find district level jobs
SucSEED Indovation, Rohit Chanana, Jasminder Singh
Gulati, Sunil Kamath, Mandeep Singh, and 2 more
SEED STAGE
$150.0K - Seed
Upswing (2019, Pune, $150.0K)
AI & Blockchain-enabled guest engagement solution
for hotels
SEED STAGE
$180.0K - Seed
Cuvette (2020, Bangalore, $180.0K)
Online platform to connect students with the
companies for employment
Titan Capital, Varun Alagh, Harish Daiya
SEED STAGE
$200.0K - Seed
Pickright (2019, Bangalore, $410.1K)
Recommendations for trading in stock markets
JITO Incubation & Innovation Foundation, Mumbai
Angels
SEED STAGE
$200.0K - Seed
Klassroom (2016, Mumbai, $643.3K)
Online platform for booking tuition, counseling &
education materials
ah! Ventures, Growth Sense, , Indian Angel Network
SEED STAGE
$200.0K - Seed
Disruptium (2021, Ahmedabad, $200.0K)
Fundraising platform for startups
Pravesh Mehta
SEED STAGE
$200.0K - Seed
Banksathi (2020, Delhi, $200.0K)
Comparison platform of financial products
Dinesh Godara, Rajendra Lora, Anuj Ahuja, Aditya
Talwar
SEED STAGE
$205.8K - Seed
Mentoria (2015, Mumbai, $205.8K)
Online career assessment and mentoring platform
Indian Angel Network, Pradeep Jaisingh, Jayant
Mehrotra
SEED STAGE
$273.8K - Seed
Glamplus (2020, Bangalore, $273.8K)
SaaS-driven salon management software
IPV, Anil Giri Raju, Sachin Khandelwal, Sravan Kumar,
Abhishek Daiya, and 1 more

10
SEED STAGE
$340.0K - Seed
Jidoka (2018, Chennai, $776.8K)
Provider of computer vision-based systems for
manufacturing
SEED STAGE
$344.7K - Seed
Convin (2020, Bangalore, $344.7K)
Provider of a cloud-based conversation intelligence
solutions
Titan Capital, 9Unicorns, Kunal Shah, Abhishek Goyal,
Ramakant Sharma, and 2 more
SEED STAGE
$350.0K - Angel
Bric Spaces (2019, Bangalore, $350.0K)
Online residential and commercial brokerage platform
for real estate professionals
Shan Krishnasamy, Bharat Kapoor
SEED STAGE
$409.4K - Seed
Reccy (2019, Gurgaon, $409.4K)
Online outdoor tours & activities booking platform
Jaydeep Barman, Kallol Banerjee
SEED STAGE
$478.0K - Seed
ClassMonitor (2016, Lucknow, $819.4K)
Mobile-based application providing parent-teacher
communication
SEED STAGE
$500.0K - Seed
Finology (2017, Kuala Lumpur, $500.0K)
White label solutions for banks and insurers
Seedstars World
SEED STAGE
$501.4K - Seed
Cellestial E-mobility (2019, Hyderabad, $643.6K)
Manufacturer of AI-enabled electric tractors &
components
Ashik Karim, Gurj Aujla
SEED STAGE
$686.9K - Seed
Clensta (2016, Delhi, $1.1M)
Internet first brand offering hygiene products
N+1 Capital
SEED STAGE
$1.0M - Seed
Krishitantra (2012, Udupi, $2.1M)
Develops and provides tools for soil testing
NABVENTURES Fund, Omnivore Partners
SEED STAGE
$1.0M - Seed
Myelin Foundry (2018, Bangalore, $3.0M)
Video distribution solution provider
Beyond Next Ventures, Endiya Partners

11
SEED STAGE
$1.0M - Seed
6Degree (2014, Mumbai, $2.5M)
Online network for fashion artists and creative
professionals
SucSEED Indovation, Keiretsu Forum, AngelBay,
SucSEED Venture Partners
SEED STAGE
$1.2M - Seed
Karbon (2019, Bangalore, $3.2M)
Corporate cards for startups
MyAsiaVc, Orios Venture Partners
SEED STAGE
$1.2M - Angel
HalaPlay (2016, Bangalore, $8.8M)
Online fantasy sports platform
Milan Ganatra
SEED STAGE
$1.3M - Seed
Rulezero (2019, Bangalore, $1.3M)
Cap table management software for businesses
Rainmatter Technology, Induslaw, Kris Gopalakrishnan,
Mukesh Bansal, Sanjay Akhileswaran Krishnan
SEED STAGE
$1.5M - Seed
Tekie (2017, Gurgaon, $1.5M)
Provider of digital learning solutions for students
GSV Ventures, Multiply Ventures, Better Capital
SEED STAGE
$1.6M - Seed
Nivesh (2016, Noida, $2.9M)
Platform to invest in mutual funds
Indian Angel Network Fund, Haystack, FLAGSTAFF LAW
GROUP, Mehta Pharmaceutical, Vir Mehta, and 29
more
SEED STAGE
$2.0M - Seed
Camp K12 (2010, Gurgaon, $4.0M)
Online platform providing coding courses for K-12
students
Stride Ventures
SEED STAGE
$2.4M - Seed
FarMart (2015, Gurgaon, $3.1M)
Mobile-based application for agriculture retailers and
businesses
Omidyar Network India, Avaana Capital Advisors,
LetsVenture, Indian Angel Network
SEED STAGE
$2.6M - Seed
Probo (2019, , $2.6M)
Social platform for exchanging ideas
Sequoia Capital, Elevation Capital, Primathon, Better
Capital, Narasimha Sripad Panyam, and 16 more

12
SEED STAGE
$3.0M - Seed
Betterhalf (2016, Bangalore, $5.9M)
AI-enabled questionnaire-driven matchmaking and
dating platform for singles
S2 Capital, Quiet Capital, Kunal Shah, Samvit
Ramadurgam
SEED STAGE
$3.0M - Seed
Stockal (2014, New York City, $3.5M)
Fractional trading & investment platform focused on
stocks
Aroa Ventures, Cadenza, Kristal, Tracxn Labs, July
Ventures, and 1 more
SEED STAGE
$8.8M - Seed
KODO (2019, Mumbai, $8.9M)
Credit cards for startups
Brex, Pioneer Fund, , Y Combinator
SEED STAGE
Seed
Rezo (2017, Noida)
AI powered automated ticket handling
Modulor Capital, Dexter Angels, Veda, Devesh Sachdev,
Bhavesh Manglani
SEED STAGE
Seed
Celcius (2020, Mumbai)
Offers an online marketplace for cold chain
Eaglewingsventures, MaGEHold, Keiretsu Forum
SEED STAGE
Seed
SalaryBox (2020, Delhi)
Mobile-first payroll management software for SMEs
GSF, Alok Mittal, Amit Ranjan, Sumit Jain, Surjendu
Kuila
SEED STAGE
Seed
SaveIN (2020, )
Digital bank for consumers
SEED STAGE
Seed
Inntot (2014, Kochi, $491.2K)
Technology solutions provider for media industry
Unicorn India Ventures
SEED STAGE
Seed
CSC Grameen eStore (2020, Delhi, $1.5M)
Online digital ordering and delivering platform for
multi-category products in rural areas
HDFC Bank
SEED STAGE
Seed
Ingenium Education (2016, Delhi, $67.4K)
Adaptive assessment solution for K-12 students
Lead Angels, Faad Network, India Accelerator, Hem
Securities, Indian Angel Network

13
SEED STAGE
Seed
Pixuate (2012, Bangalore)
Provider of a cloud based image processing,
recognition & management platform
Mumbai Angels, CIIE
SEED STAGE
Seed
ArtiVatic (2017, Bangalore, $1.5M)
AI-based software suite for insurance & health
businesses
KFintech
SEED STAGE
Seed
Eekifoods (2019, Kota)
Owns and operates hyrdoponics vegetable farm
GSF, Naho Shigeta, Shalin Sanjay Shah, Sumit Jain,
Dipesh Palod
SEED STAGE
Seed
ECAPS (2013, Bangalore)
Correspondent banking solutions for banks & financial
institutions
Triterras
SEED STAGE
Seed
LegalPay (2019, Delhi)
P2P platform for litigation financing
9Unicorns, LetsVenture, Ambarish Gupta
SEED STAGE
Seed
Eyestem (2016, Bangalore, $3.2M)
Platform for cell therapy to cure retinitis pigmentosa &
age-related macular degeneration
Endiya Partners
SEED STAGE
Seed
Spark Studio (2020, Bangalore)
Online platform providing extracurricular learning
programs for kids
Better Capital

New Investors (1/2)
List of New Investors in India Tech in May 2021
India Tech: List of New Investors
14
Investor Company Info Round Amount Round Name
AND Designs India
1 portfolio companies | Manufacturer and retailer of apparel and accessories
Altigreen
Developer of drivetrain system for electric commercial vehicles
Undisclosed Series C
Brex
3 portfolio companies | Corporate credit card and expense management
solutions for businesses
KODO
$8.75M Seed
Hem Securities
1 portfolio companies | Stock brokerage and investment banking firm
Ingenium Education
Adaptive assessment solution for K-12 students
Undisclosed Seed
Quiet Capital
1 portfolio companies | Quiet Capital
Betterhalf
AI-enabled questionnaire-driven matchmaking and dating platform for
singles
$3.00M Seed
Sutton Capital
1 portfolio companies | Sector agnostic startup accelerator
Skyroot
$11.00M Series A
Chimera
1 portfolio companies | Chimera
Delhivery
Provider of logistics services platform for eCommerce companies
$277M Series H
KFintech
1 portfolio companies | KFintech
ArtiVatic
AI-based software suite for insurance & health businesses
Undisclosed Seed
meyerkeith
1 portfolio companies | Home | meyerkeith
Plum
Provider of a health insurance & benefits marketplace for employers
$15.70M Series A
Rebalance
1 portfolio companies | Sector agnostic startup accelerator
ThatMate
Online courses on sexual education
$140K Angel
Kristal
1 portfolio companies | AI-based asset management platform
Stockal
Fractional trading & investment platform focused on stocks
$3.00M Seed

New Investors (2/2)
List of New Investors in India Tech in May 2021
India Tech: List of New Investors
15
Investor Company Info Round Amount Round Name
Kitaki Ventures
1 portfolio companies | Venture capital fund focused on tech startups
CRONAI
Provider of LiDAR and AI-based 3D sensor edge data processing
platform
$4.00M Series A
WorldQuant Ventures
29 portfolio companies | Tech-focused VC firm investing primarily in the US
Skyroot
$11.00M Series A
MyAsiaVc
1 portfolio companies | Venture capital fund investing in early stage startups
Karbon
$1.20M Seed
Triterras
1 portfolio companies | Blockchain-enabled lending-as-a-service platform for
businesses
ECAPS
Correspondent banking solutions for banks & financial institutions
Undisclosed Seed
Marshall Wace
6 portfolio companies | Long/short equity strategy focused hedge fund
Pine Labs
$285M Series D
Duro Capital
1 portfolio companies | Investment management firm
Pine Labs
$285M Series D
meteorventure.com
1 portfolio companies |
Klassroom
Online platform for booking tuition, counseling & education materials
$200K Seed
goat.vc
2 portfolio companies | GOAT CAPITAL
KODO
$8.75M Seed
Eaglewingsventures
1 portfolio companies | Eaglewingsventures
Celcius
Offers an online marketplace for cold chain
Undisclosed Seed
July Ventures
1 portfolio companies | Venture capital firm investing in early-stage startups
Stockal
Fractional trading & investment platform focused on stocks
$3.00M Seed

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
16
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲2 Online Test Preparation Courses $2.2B 12 BYJU'S | $1.1B | Series H
2 ▲4 Food Ordering Platforms $2.1B 6 Swiggy | $800M | Series J
3 ▲22 Vernacular Social Networking Platform $843M 5 ShareChat | $502M | Series E
4 ▲289 Fantasy Sports Platforms $817M 11 Dream11 | $400M | Series F
5 -- Card Linked Digital Wallets $700M 1 PhonePe | $700M | Unattributed
6 ▲7 Own Fleet E-commerce Delivery $409M 7 Delhivery | $277M | Series H
7 ▲35 Curated Vernacular Content $342M 3 DailyHunt | $207M | Series H
8 ▲22 POS Payment Terminals $326M 2 Pine Labs | $285M | Series D
9 ▲34 Long form News Aggregators $307M 2 DailyHunt | $207M | Series H
10 ▲24 Business Payments Solutions $300M 7 Razorpay | $160M | Series E

New Analyst Picks (1/16)
Interesting Companies identified by Analysts in India Tech in May 2021
India Tech: Analyst Picks
17
Upgraded to UNICORN
Moglix (2015, Noida, Undisclosed, Angel)
Online marketplace for industrial goods
Tiger Global Management, International Finance
Corporation, Falcon Edge Capital and 11 other
Investors
Upgraded to UNICORN
Zeta (2015, Bangalore, $60.0M, Series C)
Cloud-based payment & banking solutions for banks
and enterprises
Sodexo,SoftBank Vision Fund,Directiand
Upgraded to UNICORN
Axtria (2010, Berkeley Heights, $11.5M, Series C)
Data analytics software solutions for the healthcare
industry
Sequoia Capital, Desh Ventures, Amarpreet Sawhney
and 7 other Investors
Upgraded to SOONICORN
Jai Kisan (2017, Mumbai, $2.1M, Seed)
Online supply chain platform for farmers
Ratnaafin, Harshbeena Zaveri, AngelList and 27 other
Investors
Upgraded to MINICORN
Virohan (2015, Faridabad, $307K, Series A)
Online and offline courses for healthcare professionals
ACT Grants, M S Ravi Kumar, Sherring Thekekkara and
23 other Investors
Betterhalf (2016, Bangalore, $500K, Angel)
AI-enabled questionnaire-driven matchmaking and
dating platform for singles
Saurabh Garg, Quiet Capital, Vinay Subramanian and
10 other Investors
GetMyParking (2014, Ghaziabad, $1.1M, Seed)
Tech-enabled platform offering parking management
solutions
Manjappa Prem Kumar, Mridula Ramesh, Anand
Ladsariya and 82 other Investors
Nivesh (2016, Noida, $444K, Seed)
Platform to invest in mutual funds
Windrose Capital, Ram Mohan Avittahur Variyath, Bijoy
George and 57 other Investors

18
Atlan (2018, Delhi, $2.6M, Series A)
DataOps platform for multiple teams
Unreasonable, Akshay Kothari, SURGE Ventures and 19
other Investors
KODO (2019, Mumbai, $125K, Seed)
Pioneer Fund, Y Combinator, Brex and 1 other
Investors
Magenta Chargegrid (2020, Mumbai, Undisclosed,
Seed)
Provider of end-to-end electric vehicle plug-in charging
solutions
JITO Incubation & Innovation Foundation, HPCL, Shell
G.O.A.T Brand Labs (2021, , $20.0M, Series B)
Provider of brand insights and management solution
Mayfield,Tiger Global Managementand
Karbon (2019, Bangalore, $2.0M, Seed)
MyAsiaVc, Jitendra Gupta, Kunal Shah and 4 other
Investors
Added to Editor's Pick
91mobiles (2012, Delhi, $1.0M, Seed)
Online price comparison portal for mobiles, tablets and
gadgets
India Quotient, , Aditya Mehta and 13 other Investors
Great Learning (2013, Gurgaon, Unfunded)
Online platform providing courses for working
professionals
nHance Technologiesand
Exprs (2018, Hyderabad, $605K, Seed)
App-based hyper last-mile logistics company
Sridhar Singirikonda, Sripada Venkata Ramana,
AngelList and 18 other Investors
Finnable (2016, Bangalore, $226K, Seed)
Online consumer loans platform
Alok Chaubey, Aina Rao, Alok Agarwal and 1 other
Investors

19
OneWay.Cab (2013, Vadodara, $142K, Seed)
Online Taxi Operator for Outstation Transport
Shruti Shah, Applyifi, Naresh Kumar and 43 other
Investors
Renewate (2018, Pune, $272K, Seed)
Online platform to estimate renovation and connect
with service providers
Better Capital,Brigade REAPand
Repos (2015, Pune, Undisclosed, Angel)
Door to door diesel delivery services provider
Ratan Tataand
FinBox (2015, Mumbai, $781K, Seed)
Open banking API provider
Anup Pai, Village Capital, Arali Ventures and 1 other
Investors
Gympik (2012, Bangalore, $776K, Seed)
Online platform connecting personal health trainers
and prospective clients
Pradeep K Jaisingh, Sunil Baijal, Haldyn Glass Gujrat
Glam Studios (2015, Noida, $310K, Seed)
Online platform for beauty salon appointment booking
Harsh Mirani, Bhakti Adalja, Anand Ladsariya and 10
other Investors
Leher (2018, Bangalore, $388K, Angel)
Social networking application for sharing opinions
Harsh Kumar, Pradeep Chattikal, Auriga IT and 12 other
Investors
Aayu (2020, Kota, Unfunded)
Provider of teleconsultation solution for patients
Infoline (2012, Ahmedabad, $1.1M, Seed)
B2B and B2C business listing platfom
Brand Capitaland
CutShort (2015, Pune, Unfunded)
Job matching and recommendation platform
AirOK Technologies (2014, Chennai, Undisclosed,
Seed)
Offering solutions for air quality management
IITM Incubation Cell, Ncubate Capital Partners, Precog
Innovations and 2 other Investors
Fashor (2017, Chennai, $71.4K, Seed)
Online retailer of ethnic wear for women
Harshit Chatur, Rahul Bothra, Vipul Palrecha and 33
other Investors

20
Twills (1999, Vijayawada, Unfunded)
Internet first brand of casual and formal apparel wear
for men and women
Brand Capitaland
LimeChat (2020, Delhi, $750K, Seed)
Provider of an AI-based chatbot for eCommerce
applications
Stellaris Venture Partners, Kalyan Krishnamurthy,
Sujeet Kumar and 4 other Investors
Fabheads (2015, Chennai, $350K, Seed)
Manufacturer of industrial 3D printers for composite
fibre additive manufacturing
Anuj Kalra, Arihant Gothi, Rajkurnar Singh and 116
other Investors
Zoctr (2015, Mumbai, $358K, Seed)
Online platform for booking appointment
NB Ventures, Vasantrai Doshi, Sunil Mandhok and 20
other Investors
NLPBots (2015, Pune, $554K, Seed)
Develops chatbots for enterprises
Target, Deep Learning, Brand Capital and 4 other
Investors
iCustommadeit (2013, Pune, $4.0M, Seed)
Online marketplace offering multi-category customized
& handmade products
Surender Dharampal Agarwal, Rekha Agarwal, Sadhana
Manghnani and 34 other Investors
Juicy Chemistry (2014, Coimbatore, $6.3M, Series A)
Online private label brand that sells skin and hair care
products
Purplle, Amit Bipin Nanavati, Commuri
Venkatasubramanyam and 1 other Investors
iobot Technologies (2016, Pune, $100K, Seed)
Provider of an IoT enabled tracking solution for
enterprises
Rajesh Sawhney, Dinesh Agarwal, JioGenNext and 3
other Investors
Flynx App (2014, Ahmedabad, Undisclosed, Seed)
Lightweight and ad-blocker-enabled browser app for
Android phones
TLabsand
Miles Education (2011, Mumbai, Unfunded)
Online training provider for CPA and CMA
Myelin Foundry (2018, Bangalore, $530K, Seed)
Video distribution solution provider
Endiya Partners, Sustainable Sciences, Rakesh Sarna
Subhe (2017, Delhi, $120K, Seed)
Online platform for learning digital and technical skills.
Techstarsand

21
Pparke (2015, Bangalore, $1.4M, Seed)
App-based platform offering real-time parking
marketplace to consumers & businesses
Indian Institute of Management Bangalore,SB
Ventures,Brigade REAPand
mirrAR (2017, Gurgaon, $493K, Seed)
Provider of customer experience management for
jewelry brands
Prachi Mehta, PK Gopalakrishnan, Jigar Harish Mehta
LocoBuzz (2010, Mumbai, $147K, Angel)
Web-based platform for social media monitoring and
analytics
Amritanshu Roy, SIDBI Venture Capital, Utkarsh
Palnitkar and 1 other Investors
5th Vital (2017, Bangalore, $500K, Seed)
Provider of an online portal to book at-home tests
Jaspal Singh, Vishnu Charan Bandi, Sayed Sahab
Ahamed and 9 other Investors
Arcatron Mobility (2015, Pune, $102K, Angel)
Provider of patient friendly wheel chair provider
Inderdeep Singh, Sudhir Mehta, Santosh Joshi and 84
other Investors
Walrus (2019, Bangalore, $270K, Seed)
Banking platform, UPI payments & debit card for
teenagers
Subrat Kumar Panda, Raveen Sastry, Naman K Sarawagi
SWAYAM (2016, Delhi, Unfunded)
Provider of online courses
AgriApp (2012, Bangalore, Unfunded)
App-based platform offering agricultural products to
farmers
Stylumia (2015, Bangalore, Unfunded)
Provider of an AI platform for fashion
Appachhi (2015, Bangalore, $42.4K, Seed)
Mobile app testing automation platform
Amith Prakash, Anil Kumar Suryakanth, Geeta Raina
Insurance Samadhan (2017, Delhi, $267K, Seed)
Online redressal platform for insurance consumers
Jeet Paresh Dalal, Dharmesh Gathani, Bijal Saumil
Mehta and 37 other Investors
Pandorum (2011, Bangalore, $3.6M, Series A)
Developer of regenerative medicine and 3D tissues
500 Startups, KITVEN, Binny Bansal and 3 other
Investors

22
Tekie (2017, Gurgaon, $1.5M, Seed)
Provider of digital learning solutions for students
Better Capital,GSV Ventures,Multiply Venturesand
Banksathi (2020, Delhi, $200K, Seed)
Comparison platform of financial products
Aditya Talwar, Dinesh Godara, Rajendra Lora and 1
other Investors
Millioncenters (2016, Delhi, Unfunded)
Discovery platform for hobbies and tuitions
StoryMirror (2015, Mumbai, $53.9K, Angel)
App-based platform allowing users to read and publish
stories
Ajay Desai, Seema Agrawal, Neelam Garg and 27 other
Investors
SBNRI (2019, Gurgaon, $135K, Seed)
Digital bank for NRIs
Pawan Gupta, Alok Mittal, Harshvardhan Lunia and 3
other Investors
Mydentistchoice (2014, Hyderabad, $166K, Angel)
B2B eCommerce portal for dental products
Venkateswarlu Kolla, Kareti Mahendranath Reddy,
Kamal Kumar Nimmala and 2 other Investors
Pagarkhata (2020, Bangalore, Unfunded)
Cloud-based attendance management solution for
enterprises
Absolute Fresh (2016, Delhi, $649K, Seed)
Producer and supplier of herbs and vegetables
Nadir Burjor Godrej, Joshua William Hartman, Surge
SuriDevs (2020, Ahmedabad, Unfunded)
Cloud-based data backup & restoration management
solution provider
FibroHeal (2017, Bangalore, $153K, Angel)
Silk fibroin and asiaticoside based bilaminate film as
wound healing dressings
C-CAMP,Tejas Subramanian,Karnataka Startup Celland
LegalPay (2019, Delhi, Undisclosed, Seed)
P2P platform for litigation financing
Ambarish Gupta,9Unicorns,LetsVentureand
MeeBuddy (2018, Vijayawada, Unfunded)
Online platform offering multi-category grocery
products

23
Health Gennie (1990, Jaipur, $140K, Angel)
Platform providers for practice management system
Rahul Bansaland
LXL Ideas (2002, Bangalore, Unfunded)
Provider of film-based life skills learning module for
schools
Navi Health Insurance (2018, Andheri, Unfunded)
App-based health insurance platform for individuals
Ping Network (2012, Mumbai, $346K, Seed)
Food focused YouTube Multi-Channel Network (MCN)
for digital audiences
FirstMeridian, Ashwin Damera, Alokik Advani and 7
other Investors
Sell.do (2009, Pune, Unfunded)
SaaS-driven CRM software for real estate professionals
GiftyLeaf (2019, Faridabad, Unfunded)
Online retail store for cakes
Micro Degree (2019, Mangalore, $34.2K, Seed)
Mobile-based platform providing IT-related learning
courses
100xand
Spark Studio (2020, Bangalore, Undisclosed, Seed)
Online platform providing extracurricular learning
programs for kids
Better Capitaland
ePuja (2014, Bangalore, Unfunded)
Online portal that offers access to religious ceremonies
and remedy rituals across various temples
Brand Capitaland
Samco Ventures (2015, Mumbai, Unfunded)
Online platform for trade loans
Rulezero (2019, Bangalore, $1.3M, Seed)
Cap table management software for businesses
Kris Gopalakrishnan, Rainmatter Technology, Induslaw
Dubori (2017, Guwahati, Unfunded)
Online multi-category grocery and food marketplace

24
Bluesinq (2015, Chennai, Undisclosed, Seed)
Developing connected switches and lighting for homes
IITM Incubation Cell,Brigade REAPand
Lennden (2020, Mumbai, Unfunded)
Agri-commodity marketplace connecting traders,
brokers, millers, buyers & wholesalers
ZakasApp (2019, Nagpur, Unfunded)
App-based local service & products business directory
ProDMARC (2017, Thane, Unfunded)
Email security solutions provider
Microgravity (2019, Gurgaon, $1.2M, Seed)
Provider of free-roaming technology for multiplayer
virtual reality games
wisQuotes.com (2019, Rajkot, Unfunded)
App-based platform publishing content focusing on
inspirational quotes
BHyve (2019, Mumbai, $34.0K, Seed)
Provider of a gamified peer-to-peer learning platform
100xand
DataKund (2018, Mohali, $34.0K, Seed)
Cloud-based no-code browser automation tool
100x,IIT Mandi Catalystand
Fyp Money (2021, Gurgaon, $2.0M, Seed)
App-based digital bank for teenagers
Liberatha Kallat,Dinesh Nagpal,Mukesh Yadavand
Hokosoko (2019, Delhi, Unfunded)
Online marketplace offering multi-category products
Doctors Bazaar (2016, Ernakulam, $3.8M, Seed)
Provider of an online marketplace for medical
equipment and devices
Axilor Venturesand
Digicartz (2016, Bangalore, Unfunded)
Online platform offering multi-category consumer
electronic products

25
ECAPS (2013, Bangalore, Undisclosed, Seed)
Correspondent banking solutions for banks & financial
institutions
Triterrasand
ResellMe (2019, Delhi, Unfunded)
App-based reselling platform offering multi-category
products
AgroBEET (2020, Pune, Unfunded)
Platform offering software solutions for managing
farming businesses
Powerbot (2020, Pune, $34.0K, Seed)
SaaS-driven energy monitoring solutions for
residential, commercial, and industrial applications
100xand
DigiPe (2011, Noida, Unfunded)
Agent-based payment solutions
ShipAtoZ (2020, Guntur, Unfunded)
Offers on-demand last-mile delivery platform
Cargoflash (2001, Gurgaon, Unfunded)
Provider of air cargo management solutions
MedSign (2019, Bangalore, $81.7K, Seed)
Cloud-based teleconsultation and health solutions for
healthcare professionals and patients
SMSRCand
Muvin (2018, Bangalore, $1.0M, Seed)
Neo bank for individuals
Krishnakumar Natarajan, Ambar Maheshwari, Sandeep
Jethwani and 2 other Investors
Mailit (1987, Mumbai, Undisclosed, Seed)
Provider of integrated logistics & mailroom
management solutions
Ratan Tataand
Mynvax (2017, Bangalore, Undisclosed, Angel)
Developer of novel recombinant vaccines to fight the
human influenza virus and COVID19
OntheGo (2011, Bangalore, Unfunded)
Cloud-based field workforce management and tracking
solution for enterprises

26
KrishMandi (2020, Patna, Unfunded)
An online trading marketplace connecting farmers and
traders
Settlrs (2017, Bangalore, $163K, Seed)
Online rental platform for home improvement
products
MaGEHoldand
ensvee (2020, Delhi, Unfunded)
AI-based recruitment solution for enterprises
Fego.ai (2020, Chennai, $221K, Seed)
Core banking platforms for transforming into neobanks
Yogesh Suresh,QEDand
Kids Fashion Villa (2020, Thane, Unfunded)
Online retailer offering apparel for kids
Kroop AI (2021, Bangalore, $34.0K, Seed)
AI-based solutions for deep fake detection
100xand
MyKidsDrawing (2020, Bangalore, Unfunded)
SaaS-based platform providing drawing-related
learning solutions
Mitra.Money (2020, Hyderabad, Unfunded)
Open banking solutions for individuals and businesses
Visitorz (2020, Surat, Unfunded)
SaaS-driven visitor management software for
commercial spaces
SVC SocietyPRO (2019, Thane, Unfunded)
Provider of community management software for
owners and community managers
Feelit fitness (2020, Rajkot, Unfunded)
Mobile-based application for fitness and workout
training
Business Bill (2020, Surat, Unfunded)
Cloud-based accounting software for businesses

27
TrackWizz (2014, Mumbai, Unfunded)
KYC, AML, & fraud prevention solutions for financial
institutions
Enterprise Tiger (2016, Bangalore, Unfunded)
Loan lifecycle management solution for banks, FIs &
telecom companies
Afreen MediTour (2021, Noida, Unfunded)
Provider of online consultation platform for multiple
conditions
Bytebeam (2019, Bangalore, Unfunded)
Provider of the data integration software solution
Atal-GreatLakes Balachandran Incubatorand
Argonaut (2020, Hyderabad, Unfunded)
Cloud-based DevOps control center & deployment
workflow automation management software provider
HealthySure (2020, Mumbai, Unfunded)
Provider of employee health insurance
FlyFin (2020, Bangalore, Unfunded)
AI-based tax engine for independent professionals
Helppr (2020, Delhi, Unfunded)
Provider of AI-enabled reading assistance platform
ShypVisor (2020, Chennai, Unfunded)
Provider of SaaS-based 3PL services
Synconext (2011, Bangalore, Unfunded)
IOT enabled energy efficiency solutions provider
Brigade REAPand
eFarming App (2020, Delhi, Unfunded)
App-based marketplace to advertise and sell farming
products
AroLeap (2020, Bangalore, Unfunded)
Provider of AI-based smart home-workout equipment

28
samBOT (2020, Bangalore, Unfunded)
AI-based platform providing classroom administration
solutions
DocMyDoc (2020, Bangalore, Unfunded)
Provider of family health record management app
Merren (2020, Mumbai, Unfunded)
Cloud-based survey building software solution provider
Opstech (2019, Hyderabad, Unfunded)
Cloud-based MES software for the manufacturing
industry
HybridK8s (2020, Delhi, Unfunded)
Provides Gitops CI/CD and AI based Progressive
Deployments in Kubernetes
The Scent Shop (2020, Mumbai, Unfunded)
Online retail platform offering fragrances
Hyperface Technologies (2021, Bangalore,
Unfunded)
Credit card issuance solution for fintech and e-
commerce firms
GameNation (2017, Chennai, Unfunded)
Online marketplace for video games
HealthUno (2020, Chennai, Unfunded)
Cloud-based platform offering multiple healthcare
services for doctors and patients
Socialveins (2021, Jaipur, Unfunded)
Provider of the influencer marketing software solution
Shipzip (2019, Kolkata, Unfunded)
Provider of end-to-end delivery service management
platform
Adicube (2019, Bangalore, Unfunded)
Provider of the influencer marketplace

29
Wiz365 (2020, Bangalore, Unfunded)
Provider of a virtual reality-based event platform
guch (2017, Bangalore, Unfunded)
Provider of a collaboration platform for video creation
Bright Begins (2020, Bangalore, Unfunded)
SaaS-based platform providing personality
development courses for children
Enveu (2017, Noida, Unfunded)
SaaS-based solutions for OTT providers
Bulfyss (2013, Mumbai, Unfunded)
Internet first brand offering stationery, home & kitchen
products
ShirtWirt (2016, Agra, Unfunded)
Internet first brand offering customised apparel
Leafy Island (2020, Jaipur, Unfunded)
Online retailer offering garden supplies
WRCMS (2019, Mumbai, Unfunded)
Tech-enabled platform offering complaint
management and resolution solutions for railway
operators
LocTruth (2020, Bangalore, Unfunded)
Provider of a cloud-based location intelligence for
various industries
Moonshot Academy (2019, Mumbai, Unfunded)
Online platform providing data analytics & construction
management-related learning solutions
Ingage (2020, Bangalore, Unfunded)
AI-based omnichannel customer engagement platform
BonusHub (2016, Noida, Unfunded)
Payment gateway solutions for service providers and
fintech organizations

30
UEarn (2020, Bangalore, Unfunded)
Online job portal for remote job seekers
Fretigo (2019, Noida, Unfunded)
Provider of cloud-enabled freight forwarding solution
Ettendance (2019, Pune, Unfunded)
Cloud-based attendance management solution for
enterprises
Bhumitantra Agribusiness (2021, Satara,
Unfunded)
Platform offering data-driven services to agricultural
and non-agricultural businesses
Cognitive Platform Solutions (2013, Chennai,
Unfunded)
Low code business process management platform for
digital transformation
ThinkYou (2019, Delhi, Unfunded)
Online platform providing nutrition consultation
loanclub.asia (2020, Bangalore, Unfunded)
Online marketplace for personal credit lines
Packmile (2015, Bangalore, Unfunded)
Sustainable packaging solutions provider
FinAlyzer (2020, Bangalore, Unfunded)
Cloud-based financial consolidation & statutory
reporting software for businesses
LedgerTap (2020, Unfunded)
Accounting software for small and medium scale
businesses
Foodie (2017, Mysore, Unfunded)
Platform offering cloud-based restaurant management
software
All School Uniform (2014, Gurgaon, Unfunded)
Online retailer offering school uniforms

31
Vidoly (2020, Gurgaon, Unfunded)
Cloud-based software for video conferencing
Wenzins (2013, Bangalore, Unfunded)
Online business and administrative function
management tool for medical professionals
Carehms (2016, Hyderabad, Unfunded)
Mobile-based hospital information management
system
Corporate Finance Institute (2013, Gurgaon,
Unfunded)
Online candidate assistance and education solution
AngelTech Logistics (2016, Delhi, Unfunded)
Provider of a cloud-based logistics management
platform
DeliveryPlus (2016, Gurgaon, Unfunded)
Provider of last-mile delivery solutions
eAssess (2020, Mumbai, Unfunded)
Cloud-based virtual assessment platform for
enterprises
Nera Soft (2010, Azamgarh, Unfunded)
Digital bank for individuals and businesses
Atmana (2020, Bangalore, Unfunded)
Offers a platform for tracking habits
Kalibrate (2020, Bangalore, Unfunded)
Network discovery & vulnerability management
solutions provider
Pitbull (2010, Noida, Unfunded)
Provider of GPS-based tracking system for vehicle and
fleet management
Sunilbala Enterprises (2018, Mumbai, Unfunded)
Provider of the rental agreement management
solution for owners and property managers

32
MyiSociety (2020, Pune, Unfunded)
Provider of community management software for
residential and gatekeepers
TattvaVR (2021, Delhi, Unfunded)
Provider of VR-based solutions for treating mental
health
Luxulo (2019, Mumbai, Unfunded)
Online retailer offering luxury multi-category fashion
products
Tanotis (2011, Bangalore, Unfunded)
Online platform offering multi-category consumer
electronics products
Bookmerilab (2018, Delhi, Unfunded)
Online platform for listing diagnostic centers
Efundzz (2020, Bangalore, Unfunded)
Online marketplace for consumer and business loans
AgroCast (2019, Ahmedabad, Unfunded)
Platform offering consulting services in agriculture and
water sectors
belif (2019, Mumbai, Unfunded)
Internet-first brand offering natural skin care products
FloorTap (2020, Mumbai, Unfunded)
Provider of an online listing platform to buy, sell or
rent residential and commercial spaces
MyCannabis (2020, Kangra, Unfunded)
Provider of a mobile application for online pharmacy
Elegant Reports (2018, Delhi, Unfunded)
Provider of the digital campaign reporting and analytics
software solution
ZapDesk (2020, Noida, Unfunded)
Cloud-based IT helpdesk software provider

IPO Date Company IPO Mcap Exchange Ticker
27 May 2021
Fugro (1962, Mumbai, )
Provider of a GIS based solution to design, build and operate assets
LON:0LNT
07 May 2021
Computer Age Management Services (1988, Chennai, $727M)
Online platform focused on mutual fund investments
NSE:CAMS
IPOs
List of IPOs in India Tech in May 2021
India Tech: IPOs
33

Acquisitions (1/2)
List of Acquisitions in India Tech in May 2021
India Tech: Acquisitions
34
Acq. Date Company Acquirer Deal Size
04 May 2021
Arnekt(2013, Pune)
Cognitive platform to build AI-powered apps and web services
Roambee
04 May 2021
Scroll.in(2012, Mumbai, $2.4M)
Digital daily on web and mobile
Twitter
10 May 2021
MyPetrolPump(2016, Bangalore, $1.8M)
Online platform to buy fuel on-demand
Fuel Buddy
10 May 2021
Quifers(2015, Mumbai, $0.3M)
Provider of AI and cloud-based delivery management software
Sitics
14 May 2021
1mg(2015, Gurgaon, $155.8M)
Provider of an online pharmacy with doctor listing and
teleconsultation services
Tata
17 May 2021
Invoice Bazaar(2016, Dubai, $6.1M)
Online marketplace for business loans
Triterras
19 May 2021
App Bazaar(2006, Mumbai)
App distribution platform for Indus OS phones
PhonePe $60.0M
24 May 2021
Impartus(2013, Bangalore, $5.4M)
Provider of online virtual classes platform for schools and colleges
upGrad $20.5M
25 May 2021
Smokescreen(2015, Mumbai)
Honeypot based threat detection & prevention solution
Zscaler
25 May 2021
Medlife(2014, Bangalore, $90.3M)
Provider of an online pharmacy for medications
PharmEasy

Acquisitions (2/2)
List of Acquisitions in India Tech in May 2021
India Tech: Acquisitions
35
Acq. Date Company Acquirer Deal Size
29 May 2021
HashLearn(2013, Bangalore)
Online learning collaboration platform connecting educators and
students
BYJU'S
30 May 2021
Equiphunt(2015, Hyderabad)
Marketplace for rentals of construction equipments
Infra.Market $10.0M

Recent News (1/2)
Recent News in India Tech in May 2021
India Tech:News
36
Exit News
.
● Singapore's Pine Labs acquires Malaysia-based e-commerce platform Fave in
$45 million deal Gadgets Now
.
● Social media: Twitter acquires ad-free news reader Scroll Fortune
.
● Online investment platform Groww to acquire Indiabulls MF for Rs 175 cr
Business Standard
.
● upGrad Chairman on Impartus acquisition TIMES NOW
.
● M&M to Enhance its Ownership to 100 per cent in Meru AiThority
.
● PharmEasy completes acquisition of Medlife BioSpectrum India
.
● Automobile marketplace CarTrade files IPO papers with Indian regulator KrASIA
.
● After BigBasket, Tata Looks Forward To Acquire Curefit TechStory
.
Fund News
.
● Klub to Invest Rs 250 cr in 350 New-Age Consumer Brands indianretailer.com
.
● Wayne Burgess appointed as Ola’s new electric scooter’s designer TechStory
.
● Ola appoints Rakesh Bhardwaj as Group CIO to lead company’s IT initiatives
CyberMedia India Online
.
● Mamaearth appoints Mr. Avinash Dhagat as VP Operations Adgully
.
● MAMAEARTH appoints Mr. Karan Bajwa as VP of Human Resources Adgully
.
● WNS Announces Addition of Tim Main to Board of Directors IndianWeb2
.
● Bitwise Appoints Ankur Gupta as CEO of Bitwise Inc. AiThority
.
Company News
.
● PeopleStrong expands to Australia & New Zealand People Matters
.
Regulatory News
.
● CAIT accuses Flipkart of FDI and taxation violations retail-insight-network.com
.
● IRDAI slaps Rs 24 lakh penalty on Policybazaar India Web Portal

Recent News (2/2)
Recent News in India Tech in May 2021
India Tech:News
37
● Sebi vets stake control in Zomato's IPO papers for China firm's role Business
Standard

Explore more on Tracxn
Explore more about India Tech on Tracxn Platform
India Tech: Explore more on Tracxn Platform
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