Tracxn - Geo Monthly Report - India Tech - Dec 2021

TRACXN MONTHLY REPORT
DECEMBER 2021
INDIA TECH

India Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
India Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 23
Top Funded Business Models - last 1 year 25
New Analyst Picks 26
IPOs 41
Acquisitions 42
Recent News 44

India Tech Snapshot – December 2021
India Tech: Snapshot – December 2021
Note : "Investors" refers to "Institutional Investors" only
3
$3.3B
57 3
Overall Geo Stats
20
19
282
174
159
Funding Rounds $ Invested Analyst Picks
Mamaearth
Upgraded to
UNICORN
New Investors
Greenoaks
Kettleborough VC
Series A+ rounds Active Investors IPOs
Foce
RateGain
Acquisitions
Happay
Algopixel
Technologies
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Delhi NCR
(52 Rounds, $1.1B)
Bangalore
(41 Rounds, $1.6B)
Delhi
(28 Rounds, $165M)
Mumbai
(25 Rounds, $267M)
$375M - Series F
Razorpay (2014, Bangalore, $742M)
$325M - Series G
OfBusiness (2015, Gurgaon, $892M)
$300M - Series G
CARS24 (2015, Gurgaon, $1.0B)
$266M - Series G
ShareChat (2015, Bangalore, $1.4B)
9Unicorns
(14 Investments)
Venture Catalysts
(8 Investments)
Accel
(7 Investments)
We Founder Circle
(7 Investments)
Payments
Razorpay
Social Platforms
ShareChat
B2B E-Commerce
Zetwerk
Manufacturing Tech
Market Size
Companies Covered 89,667
Funded Companies 9,281
Total Funding $123B
Funding in last 12 months $39.2B
Top Exits
IPOs 143
Acquisitions 1,093
Company Stage
Unicorns 76
Soonicorns 221
Minicorns 844
Editor Picks 5,837
Series A+ 1,623
Series C+ 381
Acqui-Hires 111
Deadpooled 15,459
Top Cities
Bangalore (5,514 Rounds, $58.1B)
Delhi NCR (4,265 Rounds, $37.6B)
Top Investors
AngelList (230 Investments)
LetsVenture (221 Investments)

Investment Snapshot
Investment Snapshot of India Tech as of December 2021
India Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (December 2021)*
Razorpay
(2014, Bangalore, $742M)
$375M - Series F Lone Pine Capital
OfBusiness
(2015, Gurgaon, $892M)
$325M - Series G Alpha Wave Global
CARS24
(2015, Gurgaon, $1.0B)
$300M - Series G Alpha Wave Global
ShareChat
(2015, Bangalore, $1.4B)
$266M - Series G Alkeon Capital Management
Zetwerk
$210M - Series F Greenoaks
Innovaccer
(2014, San Francisco, $378M)
$150M - Series E B Capital Group
Ninjacart
$145M - Series D Walmart
Ola
(2010, Bangalore, $3.9B)
$139M - Series J Hero Corp
Ola Electric
$139M - Series C IIFL Asset Management
Global Bees
(2003, , $187M)
$112M - Series B Chiratae Ventures
Zepto
(2021, Mumbai, $161M)
$100M - Series C Y Combinator
*Shows only the lead Investors

List of Funding Rounds (1/18)
List of Funding Rounds in India Tech in December 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
$9.8M - Series C
Leverage Edu (2017, Delhi, $10.0M)
Enrollment management platform for colleges
9Unicorns
LATE STAGE
$11.6M - Series D
WayCool (2015, Chennai, $111.0M)
E-distributor of farm products
Fondo Huruma
LATE STAGE
$15.0M - Series C
Ultraviolette (2014, Bangalore, $27.3M)
Manufacturer of electric-two wheelers
TVS Motor Company, Zoho
LATE STAGE
$20.0M - Series C
Atomberg (2012, Mumbai, $45.0M)
Manufacturer of smart fans
Jungle Ventures, Inflexor, A91 Partners, Ramakant
Sharma
LATE STAGE
$24.9M - Series C
GOQii (2014, Mumbai, $74.6M)
Provider of a wearable wristband integrated with
personalized coaching
9Unicorns
LATE STAGE
$30.0M - Series C
Curefoods (2016, Bangalore, $45.7M)
Internet first restaurant serving multiple dishes
Accel, Chiratae Ventures, Sixteenth Street Capital, Iron
Pillar, Universal Trustee, and 2 more
LATE STAGE
$37.8M - Series F
Mamaearth (2016, Gurgaon, $111.4M)
Internet first brand offering organic beauty care
products
Sequoia Capital, Evolvence, Sofina
LATE STAGE
$60.0M - Series C
JusPay (2012, Bangalore, $87.8M)
Payments gateway solutions for eCommerce
merchants
SoftBank Vision Fund, Wellington Management, VEF
LATE STAGE
$76.0M - Series C
OneCard (2019, Pune, $125.5M)
Credit card for consumers
QED Investors, , Sequoia Capital, Matrix Partners India,
Hummingbird Ventures
LATE STAGE
$85.0M - Series C
Jumbotail (2015, Bangalore, $142.7M)
Online B2B marketplace and retail platform for food &
grocery
The Invus Group, Ajax Partners, Artal Asia, Kalaari
Capital, Nexus Venture Partners

6
LATE STAGE
$87.0M - Series C
Jupiter (2019, Mumbai, $163.9M)
Digital bank for individuals
Tiger Global Management, QED Investors, Sequoia,
Rocket Internet, Global Founders Capital, and 8 more
LATE STAGE
$98.9M - Series J
Delhivery (2011, Delhi, $1.4B)
Provider of end-to-end delivery services for e-
commerce companies
FedEx
LATE STAGE
$100.0M - Series C
Zepto (2021, Mumbai, $160.9M)
Offers on-demand delivery service app
Y Combinator, Contrary Capital, Glade Brook Capital,
Global Founders Capital, Breyer Capital, and 2 more
LATE STAGE
$139.0M - Series C
Ola Electric (2017, Bangalore, $664.9M)
Developer of electric scooters
Temasek, IIFL Asset Management, Edelweiss, Vss
Investco Pvt Ltd, Rahul Ravindra Raj Mehta, and 2
more
LATE STAGE
$139.0M - Series J
Ola (2010, Bangalore, $3.9B)
App-based ride-hailing aggregator
Hero Corp, IIFL Finance, Edelweiss
LATE STAGE
$145.0M - Series D
Ninjacart (2015, Bangalore, $367.5M)
Offers supply chain & trading platform for vegetables
and fruits
Walmart, Mistletoe, , , Neoplux, and 2 more
LATE STAGE
$150.0M - Series E
Innovaccer (2014, San Francisco, $378.4M)
Cloud and AI-based telehealth solutions for providers
and employees
B Capital Group, Schonfeld, Whale Rock Capital
Management, , , and 5 more
LATE STAGE
$210.0M - Series F
Zetwerk (2018, Bangalore, $553.6M)
Online B2B marketplace providing manufacturing
services
Greenoaks, IIFL Finance, Lightspeed Venture Partners,
Iconiq Capital, , and 3 more

7
LATE STAGE
$266.0M - Series G
ShareChat (2015, Bangalore, $1.4B)
Provider of a vernacular-based social networking
platform
Alkeon Capital Management, Moore Capital
Management, India Quotient, Temasek, HarbourVest
Partners
LATE STAGE
$300.0M - Series G
CARS24 (2015, Gurgaon, $1.0B)
App-based C2B marketplace for second-hand cars
Alpha Wave Global
LATE STAGE
$325.0M - Series G
OfBusiness (2015, Gurgaon, $892.2M)
Online marketplace for procuring building materials
and financing to SMEs
Alpha Wave Global, Tiger Global Management,
SoftBank Vision Fund, Marshall Wace, Creation
Investments, and 4 more
LATE STAGE
$375.0M - Series F
Razorpay (2014, Bangalore, $741.6M)
Payment processing solutions for businesses
Lone Pine Capital, Alkeon Capital Management, TCV, Y
Combinator, Sequoia Capital, and 2 more
LATE STAGE
Series C
Unicommerce (2012, Gurgaon, $16.9M)
Provider of SaaS-based e-commerce fulfillment
solution for businesses
SoftBank
LATE STAGE
Series F
Policybazaar (2008, Gurgaon, $636.5M)
App-based life and non-life insurance comparison
platform for individuals
PB Fintech
EARLY STAGE
$197.4K - Series A
Jai Kisan (2017, Mumbai, $38.1M)
Online supply chain platform for farmers
Alteria Capital
EARLY STAGE
$2.5M - Series A
Thrive (2020, Mumbai, $2.5M)
Provider of food ordering and delivering platform
Jubilant FoodWorks

8
EARLY STAGE
$2.7M - Series A
KareXpert (2014, Gurgaon, $7.0M)
Provider of cloud-based electronic medical record
platform for healthcare providers
Nepean Capital
EARLY STAGE
$3.0M - Series A
Veefin (2010, Mumbai, $3.0M)
Cloud-based supply chain financing solution
Rajesh Rajendran
EARLY STAGE
$4.0M - Series A
ThePrint (2016, Delhi, $20.0M)
Online platform offering multi category news
Avishkaar, N. R. Narayana Murthy, Rekha Jhunjhunwala
EARLY STAGE
$4.0M - Series A
Nestasia (2018, Kolkata, $4.0M)
Internet-first brand of multi-category home
improvement products
Stellaris Venture Partners, Varun Alagh, Sahil Barua,
Anuj Srivastava, Ramakant Sharma, and 1 more
EARLY STAGE
$4.0M - Series A
NirogStreet (2016, Delhi, $8.8M)
Provider of an online appointment booking and
telemedicine platform of alternative medicine
CE Venture Capital, ICMG Partners, Wavemaker
Partners, Gokul Rajaram, Anuj Srivastava, and 8 more
EARLY STAGE
$4.0M - Series A
PuStack (2016, Panipat, $4.0M)
Provider of app-based online tutoring solutions for
students
EARLY STAGE
$4.5M - Series A
PI Green Innovations (2019, Pune, $4.8M)
Developer of air filters
Opus Consulting Solutions
EARLY STAGE
$5.0M - Series A
Practically (2018, Hyderabad, $14.0M)
Provider of an AR-based STEM learning app for
students
Earlsfield Capital, Nb Ventures, Almoe, Ncubate Capital
Partners

9
EARLY STAGE
$6.0M - Series B
SecureNow (2011, Delhi, $6.2M)
Online comparison platform for life and non-life
insurance
Apis Partners, Charan Singh
EARLY STAGE
$6.2M - Series A
Zumutor (2013, Bangalore, $26.2M)
Developer of monoclonal antibody therapeutics to
treat cancer and infectious diseases
Siana, Accel, Bharat Fund
EARLY STAGE
$6.6M - Series A
Arrivae (2017, Mumbai, $13.2M)
Provider of interior designing services
Havells, Emerge Capital Partners
EARLY STAGE
$6.6M - Series B
Online PSB Loans (2018, Ahmedabad, $10.3M)
Online marketplace for consumer and business loans
HDFC, TransUnion
EARLY STAGE
$6.7M - Series A
Probus Insurance (2011, Mumbai, $6.7M)
insurances
BlueOrchard
EARLY STAGE
$6.9M - Series A
Wealthy (2015, Bangalore, $9.1M)
Robo advisors for tax saving investments
Alpha Wave Global, Good Capital, AngelList, Venture
Highway, EMVC, and 2 more
EARLY STAGE
$7.0M - Series A
CloudSEK (2015, Bangalore, $10.0M)
AI based cyber risk and threat intelligence platform
MassMutual Ventures, Omidyar Network India, 100x
Entrepreneur, IDFC, Exfinity Venture Partners, and 2
more
EARLY STAGE
$7.0M - Series A
UNBOXROBOTICS (2019, Bangalore, $9.1M)
Provider of robotic and automation tools for
warehouse
3one4 Capital, Sixth Sense Ventures, Stride Ventures,
Sprinklr, Redstart, and 15 more
EARLY STAGE
$7.0M - Series B
AuthBridge (2005, Gurgaon, $9.9M)
AI-based data verification and employee onboarding
platform
Phi Capital

10
EARLY STAGE
$7.0M - Series A
GenieMode (2015, Delhi, $9.3M)
Sourcing platform for retailers & suppliers
EARLY STAGE
$10.0M - Series A
LendenClub (2014, Mumbai, $12.0M)
P2P platform for personal loans
Tuscan Ventures, , Artha Venture Fund, Kunal Shah,
Alok Bansal, and 3 more
EARLY STAGE
$13.2M - Series B
Sirona (2015, Delhi, $16.9M)
Internet first brand of feminine products
Good Glamm
EARLY STAGE
$16.0M - Series B
Bugworks Research (2014, Bangalore, $34.1M)
Developer of drugs for antibiotic-resistant bacterial
infections
EARLY STAGE
$18.2M - Series A
Monster (2001, Hyderabad, $18.2M)
Online job portal based in India
Akash Bhanshali, Mohandas Pai
EARLY STAGE
$22.4M - Series B
Pocket FM (2013, Gurgaon, $54.4M)
Mobile workforce management application for
maintenance & cleaning teams
Lightspeed Venture Partners, The Times Group, Tanglin
Venture Partners
EARLY STAGE
$30.0M - Series B
Hevo (2016, Bangalore, $43.0M)
Cloud-based platform for data pipeline
Sequoia Capital, Qualgro, Chiratae Ventures, Lachy
Groom
EARLY STAGE
$40.0M - Series B
Captain Fresh (2019, Hyderabad, $58.0M)
Online B2B platform offering seafood products
Tiger Global Management, Prosus, Incubate Fund,
Ankur Capital, Accel, and 1 more
EARLY STAGE
$70.0M - Series A
Uni Cards (2020, Bangalore, $89.0M)
General-purpose credit card with 1/3 pay feature
General Catalyst Partners, Lightspeed Venture
Partners, Eight Roads Ventures, Arbor Ventures,
Elevation, and 1 more
EARLY STAGE
$79.4M - Series B
RateGain (2004, London, $144.3M)
Provider of cloud-driven revenue management
solutions for the hospitality & travel industry
Gov.sg, Nomura, Ashoka India Equity Investment,
Goldman Sachs

11
EARLY STAGE
$111.5M - Series B
Global Bees (2003, , $186.5M)
Platform acquiring eCommerce brands
FirstCry, Premji Invest, Pratithi Investment, Trifecta
Capital, Kiran Vyapar Limited, and 9 more
EARLY STAGE
Series A
Sheroes (2013, Delhi, $6.0M)
Web and mobile app based community for women
Atlantis,
EARLY STAGE
Series B
MyLoanCare (2013, Gurgaon, $1.2M)
App-based comparison platform for financial products
PB Fintech
EARLY STAGE
Series B
Bewakoof.com (2011, Mumbai, $32.6M)
Internet-first brand of multi-category fashion products
Klub
SEED STAGE
$29.6K - Angel
AllinCall Research and Solutions (2017, Mumbai,
$70.9K)
AI enabled software solutions provider for banking
and insurance industries
Gautam Midha
SEED STAGE
$79.7K - Seed
Acuradyne (2017, Mumbai, $124.4K)
IoT connected healthcare systems
Saince
SEED STAGE
$93.3K - Angel
Apxor (2015, Hyderabad, $1.1M)
Cloud based no code digital nudging platform for
mobile applications
Ramesh Nanduri, Rajeswari Ratna Suneeta Manjuluri,
Bala Murali Krishna Dhanisetty, Raja Venkata Pullela
SEED STAGE
$100.0K - Seed
Glii (2019, , $100.0K)
AI-enabled location-based dating and matchmaking
platform
We Founder Circle
SEED STAGE
$100.0K - Seed
Zoivane Pets (2019, Surat, $100.0K)
Internet first brand of pet grooming products
We Founder Circle, Hitesh Dhawan, Dhrumil Patel, Joy
Gnanamony, Abhishek Gupta

12
SEED STAGE
$100.0K - Seed
FastBeetle (2018, Srinagar, $100.0K)
Offers door-to-door parcel and courier delivery
services
Sandeep Patel, Saurabh Mittal, Vikram Sanghvi, Rohit
Qamra, Anuj Sharma, and 1 more
SEED STAGE
$144.5K - Seed
Rupyo (2020, Delhi, $144.5K)
Online paltform for payday loans
Satin Creditcare
SEED STAGE
$150.0K - Seed
Gurucool (2019, Delhi, $150.0K)
App-based platform offering school and college
management solutions
FreeFlow, Parvez Jasani
SEED STAGE
$195.5K - Angel
OnlineSales (2016, Pune, $2.2M)
Provider of AI-driven cross-channel marketing platform
for eCommerce businesses
John Mcateer, Manisha Kiran Mani
SEED STAGE
$200.0K - Seed
Nutrizoe (2019, Mumbai, $200.0K)
Internet first brand offering nutrient bars
ah! Ventures, Chennai Angels, India Accelerator, Hem
Angels, AngelBay
SEED STAGE
$200.0K - Seed
Deciwood (2019, Delhi, $239.2K)
Internet first brand offering portable Bluetooth
speakers
Shuru Up, LetsVenture, India Accelerator, Ankit Kedia,
Arun Gupta
SEED STAGE
$233.4K - Seed
Starclinch (2015, Delhi, $233.4K)
Provider of online marketplace for booking artists
Artha Venture Fund, Nitish Mittersain
SEED STAGE
$235.0K - Seed
Kohbee (2019, Bangalore, $235.0K)
Offering an online tutoring platform
ah! Ventures, Fortunexus, Ankit Mehrotra, Saurabh
Aggarwal
SEED STAGE
$245.7K - Seed
Azgo (2014, Bangalore, $1.6M)
IoT-powered snack vending machines for offices
ITC

13
SEED STAGE
$250.0K - Seed
BharatX (2019, Chennai, $250.0K)
Software for point of sale financing
JavaCapital, LetsVenture, Anupam Mittal, Ritesh Jain,
Faiz Mayalakkara, and 4 more
SEED STAGE
$260.0K - Seed
ZiffyTech (2018, Pune, $260.0K)
Provider of an online platform to order medicines with
doctor consultation and appointment booking
Karekeba Ventures, Digital Futurists Angels, O2 Angel
Network, Jharkhand Angels
SEED STAGE
$260.0K - Seed
Perfora (2021, Gurgaon, $260.0K)
Internet first brand offering oral hygiene products
Sauce, Huddle, Bala Sarda, Sameer Mehta, Vahdam
Teas, and 1 more
SEED STAGE
$264.6K - Seed
Glimpay (2021, Bangalore, $264.6K)
Online earnings management platform for businesses
9Unicorns
SEED STAGE
$265.0K - Angel
Vendor Infra (2019, Haryana, $265.0K)
Provider of cloud-based vendors collaboration
software for the construction industry
AngelBay, SK Tripathi, Amit Agarwal, Narayan
Ramaswamy, Dinesh Arora, and 1 more
SEED STAGE
$292.3K - Seed
Spyne (2018, Gurgaon, $1.0M)
Provider of SaaS & AI-enabled business management
tools for photographers
Pentathlon Ventures, Core 91 VC
SEED STAGE
$300.0K - Angel
Fitpage (2020, Mumbai, $3.8M)
Online platform offering fitness and wellness-related
content
Gaurav Jaitly, Manoj Varma
SEED STAGE
$300.0K - Seed
Klassroom (2016, Mumbai, $943.3K)
Online platform for booking tuition, counselling &
education materials
ah! Ventures, Hem Angels, Startup Angels Network,
StartupLanes, Meteor Venture
SEED STAGE
$327.3K - Seed
SustLabs (2016, Mumbai, $916.0K)
Provider of IoT and app-based home energy
consumption monitoring solutions
9Unicorns

14
SEED STAGE
$331.7K - Seed
OYChef (2021, Hyderabad, $331.7K)
Marketplace for on-demand at-home chefs
SEED STAGE
$331.9K - Seed
Doss.games (2021, , $331.9K)
Provider of no-code games development platform for
designers
Titan Capital, Maninder Gulati, Varun Alagh, Abhinav
Sinha
SEED STAGE
$394.1K - Seed
FlipItNews (2020, Gurgaon, $2.8M)
AI-enabled financial literacy platform for individuals
Kotak Securities
SEED STAGE
$397.5K - Seed
Neemli Naturals (2017, Mumbai, $397.5K)
Internet first brand offering multi-natural lip, skin &
facial care products
G.O.A.T Brand Labs
SEED STAGE
$400.0K - Seed
Flo Mobility (2019, Bangalore, $400.0K)
AI-enabled autonomous micro-mobility management &
fleet re-positioning solutions
DevX, Venture Garage, Blume Ventures
SEED STAGE
$462.0K - Seed
Masterchow (2020, Delhi, $639.9K)
Internet-first brand offering sauces
Aditya Singh, Ravi Shroff
SEED STAGE
$479.8K - Angel
Multipl (2020, Bangalore, $811.2K)
App-based platform for goal-based financial planning
Chakradhar Gade, Harish Narayanan, Manoj Kumar
SEED STAGE
$500.0K - Seed
thenestery (2017, Noida, $780.0K)
Online retailer of baby products
Rebalance, First Cheque, Tremis
SEED STAGE
$600.0K - Seed
GMETRI (2017, Bangalore, $600.0K)
Provider of a cloud-based XR authoring tool with an
analytics toolkit
IvyCap Ventures,

15
SEED STAGE
$656.8K - Seed
Tango Eye (2017, Chennai, $1.3M)
Provider of AI-based video analytics solutions
Lenskart Vision Fund
SEED STAGE
$659.9K - Seed
OneAssure (2019, Bangalore, $1.0M)
App-based insurance agency management solutions for
the insurance industry
NuVentures, Upsparks, Arun Venkatachalam, Rohit
MA, Dalvirsingh Jasvindersingh Suri, and 2 more
SEED STAGE
$700.0K - Seed
UnRemot (2020, , $700.0K)
Cloud-based platform for virtual watercooler chat
IPV, Pointone, Digital Futurists Angels, ah! Ventures
SEED STAGE
$725.9K - Seed
Insurance Samadhan (2017, Delhi, $1.0M)
Online grievance redressal platform for individuals and
businesses
Equanimity Investments, 9Unicorns, Venture Catalysts
SEED STAGE
$793.9K - Seed
BioPrime AgriSolutions (2016, Nanded, $979.7K)
Manufacturer of biofertilizers
Omnivore, Nadir Godrej
SEED STAGE
$890.9K - Seed
MoooFarm (2018, Gurgaon, $3.6M)
Provider of an app-based platform for cattle farm
management
Rockstart, Navus Ventures
SEED STAGE
$1.0M - Angel
Healthquad (2019, Gurgaon, $1.1M)
Mobile app for tracking nutritional intake
Pat Cummins
SEED STAGE
$1.0M - Seed
Explurger (2019, Delhi, $1.0M)
AI-driven social platform for travel enthusiasts
Ruchirans Jaipuria, Lovkesh Arora, Piyush Jain
SEED STAGE
$1.0M - Seed
Twixor (2013, , $1.0M)
Provides a chatbot development and deployment
framework
Season Two Ventures

16
SEED STAGE
$1.2M - Seed
Propreturns (2020, Delhi, $1.3M)
Online platform for real estate investments
Goodwater Capital, Soma Capital, Y Combinator
SEED STAGE
$1.2M - Seed
Skillr (2020, Delhi, $1.6M)
Skill-based recruitment platform
LetsVenture, Binny Bansal, Caesar Sengupta, Kunal
Shah, Arun Seth, and 5 more
SEED STAGE
$1.3M - Seed
BusinessOnBot (2019, Bangalore, $2.1M)
Provider of Whastsapp based marketing chatbot
solutions
Y Combinator, Ashish Sharma, Archana Priyadarshini,
Ajay Candade, Amit Ranjan
SEED STAGE
$1.3M - Angel
Frendy (2019, Ahmedabad, $1.3M)
Online social community platform offering multi-
category products
Pavitar Singh, Abhishek Khurana, Mayur Desai,
Mandeep Bhandari
SEED STAGE
$1.5M - Seed
Hoopr (2021, Mumbai, $1.5M)
Online platform offering royalty-free music for content
creators
9Unicorns, Venture Catalysts, , IPV, Ashneer Grover,
and 5 more
SEED STAGE
$1.5M - Seed
Fego.ai (2020, Chennai, $1.9M)
Provides Aggregation APIs
3one4 Capital, Saison Capital, Eximius Ventures, First
Cheque, Speciale Invest, and 8 more
SEED STAGE
$1.5M - Seed
Samhitha (2020, Hyderabad, $1.5M)
Provider of advisory platform to farming businesses
TechStar Group, Quadrant Resource
SEED STAGE
$1.5M - Seed
Tyke (2020, Mumbai, $1.5M)
Online investment platform focused on startup
investments
9Unicorns, Better Capital, Venture Catalysts, , Jitendra
Gupta, and 6 more
SEED STAGE
$1.5M - Seed
Oben EV (2020, Bangalore, $1.5M)
Developer of electric motorcycles
We Founder Circle

17
SEED STAGE
$1.5M - Seed
WEGoT (2015, Chennai, $4.7M)
Provider of water management solutions
Gruhas, apolloinfrastructureprojectsfinance.vdtrxn, ,
HDFC Capital
SEED STAGE
$1.5M - Seed
Phyt.health (2021, Pune, $1.5M)
Provider of remote consultation services with
physiotherapists
Lunsford Capital
SEED STAGE
$1.6M - Seed
ToolJet (2017, Bangalore, $1.6M)
Provider of an open-source and low-code platform to
build and deploy internal tools
Nexus Venture Partners, , Better Capital, Alan Rutledge
SEED STAGE
$1.6M - Seed
Keka (2014, Hyderabad, $1.6M)
HR and payroll platform for SMEs
Recur
SEED STAGE
$1.6M - Seed
Raaho (2015, Gurgaon, $2.4M)
Offers a marketplace connecting shippers & truckers
IPV, Nazara, Roots Ventures, Nitish Mittersain,
Venkatesh Vijayaraghavan, and 1 more
SEED STAGE
$1.7M - Seed
LoanKuber (2015, Delhi, $4.8M)
Online marketplace for asset backed loans
LetsVenture, IPV
SEED STAGE
$1.8M - Seed
Wakau (2014, Pune, $1.8M)
App-based social platform for sharing short videos
Rising Sun Holding, Adar Poonawaalla, Amitabh
Bachchan
SEED STAGE
$2.0M - Seed
MoooFarm (2018, Gurgaon, $3.6M)
management
Accel
SEED STAGE
$2.0M - Seed
Reevoy (2020, Mumbai, $3.0M)
Online platform for invoice financing
9Unicorns

18
SEED STAGE
$2.0M - Seed
Samosa Party (2017, Bangalore, $2.3M)
Internet first restaurant offering snacks
Kalaari Capital
SEED STAGE
$2.2M - Seed
Snazzy (2020, , $2.3M)
Manufacturer of invisible aligners braces
Y Combinator, Form Capital, Goodwater Capital, ANIM
Advisors, Kunal Shah, and 2 more
SEED STAGE
$3.0M - Seed
OwO (2020, Gurgaon, $3.9M)
App-based platform offering water
Brand Capital
SEED STAGE
$3.2M - Seed
Zorro (2019, Gurgaon, $3.2M)
Online social platform for professionals
3one4 Capital, 9Unicorns, Eximius Ventures, Roots
Ventures, Venture Catalysts, and 9 more
SEED STAGE
$4.0M - Seed
Metadome (2017, San Mateo, $4.0M)
Developer of content creation tools for the metaverse
Chiratae Ventures, Lenskart Vision Fund, Seedrs, 100x
Entrepreneur, Prashant Pitti
SEED STAGE
$4.0M - Seed
Jupitice (2019, Delhi, $4.0M)
AI and blockchain based digital court for online dispute
resolution
Almas Capital
SEED STAGE
$4.5M - Seed
Stack (2021, Gurgaon, $5.1M)
Online robo advisor platform
Y Combinator, Harvard University, Soma Capital,
Goodwater Capital, Uncommon Capital, and 14 more
SEED STAGE
$5.0M - Seed
Nexprt (2020, Aurangabad, $5.2M)
Provider of in-house design, product development and
manufacturing for home decor clients
Sequoia Capital, Lightspeed Venture Partners, Titan
Capital
SEED STAGE
$5.0M - Seed
EXPONENT (2020, Bangalore, $6.0M)
Energy stack for electric vehicles
YourNest, 3one4 Capital, AdvantEdge, Calabasas
Capital, Samvardhana Motherson Group, and 2 more

19
SEED STAGE
$5.0M - Seed
moEVing (2021, Bangalore, $6.0M)
Provider of electronic mobility solutions for last-mile
delivery
DS Brar, Anshuman Maheshwary, Ashish Goel, Vijay
Dutt, DN Reddy, and 6 more
SEED STAGE
$8.0M - Seed
FlyFin (2020, Bangalore, $8.0M)
App & cloud-based tax deduction solutions for
freelancers
Accel, Alpha Wave Global
SEED STAGE
$9.5M - Seed
ByteLearn (2020, Noida, $12.0M)
AI-driven assistant for math teachers and tutoring for
students
9Unicorns, Leo Capital, Chiratae Ventures,
Kettleborough VC, PitchRight Ventures, and 20 more
SEED STAGE
$9.8M - Seed
Ethereal Machines (2014, Bangalore, $10.8M)
Developer of automated concrete 3D printers and 3D
fabricators
9Unicorns
SEED STAGE
Seed
PensionBox (2021, Bangalore)
AI-backed retirement planning platform for individuals
100X.VC
SEED STAGE
Seed
Kalagato (2017, Delhi)
Cloud based customer data and data management
platforms
9Unicorns
SEED STAGE
Seed
PaceRobotics (2020, Bangalore)
Manufacturer of a wall plastering robot for
construction
Pidilite
SEED STAGE
Angel
COCOWorks (2019, )
Limited service restaurant serving Juices & Smoothies
Kanthi Dutt
SEED STAGE
Seed
Johnnette Technologies (2014, Noida)
Manufacturer of commercial and military drones
Hardcastle Petrofer

20
SEED STAGE
Seed
Kreate (2020, Bangalore, $24.3K)
Online marketplace offering handmade products
We Founder Circle, Ankesh Sagar, Sandeep Balaji,
Abhishek Kishore Gupta
SEED STAGE
Seed
Nucros (2019, Delhi)
Provider of meal planning kit for nutrition and diet
management
, , Aavejak Advisers, Delhi Angels
SEED STAGE
Seed
HealthySure (2020, Mumbai)
Online health insurance and employee welfare
platform for businesses
We Founder Circle
SEED STAGE
Seed
Learning Matters (2016, Bangalore, $325.9K)
Provider of AI and cloud-based educational tools and
teachers training program
Lavni Ventures, Muralikrishnan A G, Rajeev
Gopalakrishna, Kantharaj S K, Bharath Madhusudan,
and 6 more
SEED STAGE
Angel
Oneiric (2020, Mohali)
Mobile game developer focusing on casual games
Rannvijay Singha
SEED STAGE
Seed
AutoFurnish (2012, Delhi)
App-based retailer of auto parts & accessories
UpScalio
SEED STAGE
Seed
Evenflow (2021, Mumbai, $869.5K)
Platform acquires and scales eCommerce brands
Village Global, 9Unicorns, Venture Catalysts, Huddle,
Luminaire Capital, and 8 more
SEED STAGE
Seed
Hosh (2019, Bangalore)
Online marketplace offering handcrafted multi-
category products
Genevra Associates
SEED STAGE
Seed
TagMango (2019, Mumbai, $900.0K)
Online platform offering personalized video messages
from celebrities
JAM Fund, Soma Capital, TA Ventures, Belief, Mehar
Sindhu Batra, and 4 more

21
SEED STAGE
Seed
Hyperface Technologies (2021, Bangalore, $1.3M)
Credit card issuance solution for fintech and e-
commerce firms
021 Capital, Varun Mittal, Ashish Sharma, Chaitra
Chidanand, Moses Lo, and 4 more
SEED STAGE
Seed
Axiom (1997, Hyderabad)
Developer of motor controllers for multi-category
electric vehicles
Magenta
SEED STAGE
Seed
Kindlife.in (2020, Delhi)
Online retailer offering eco-friendly multi-category
products
Kalaari Capital, JavaCapital, thedesignvillage, Titan
Capital, Pankaj Gupta, and 5 more
SEED STAGE
Seed
Kredily (2017, Bangalore, $2.3M)
Cloud-based HRMS for SMBs
LetsVenture, Hem Angels, We Founder Circle,
Rainmatter Technology, Artha India Ventures, and 1
more
SEED STAGE
Seed
Hoppscotch (2019, )
Provider of open source API development platform
OSS Capital
SEED STAGE
Angel
Zorgers (2017, Mohali)
Provider of professional healthcare services
SEED STAGE
Seed
Shumee (2014, Bangalore, $1.2M)
Online platform offering non-toxic toy brand
Fluid Ventures
SEED STAGE
Seed
FarmersFZ (2015, Ernakulam, $2.0M)
Online marketplace for groceries
Yunus Social Business
SEED STAGE
Seed
Travsie (2020, Delhi, $168.3K)
SaaS-driven platform connecting agents with global
suppliers & delivers end-to-end business needs
SEED STAGE
Seed
Motozite (2021, Gurgaon)
Online listing platform for pre-owned luxury cars
We Founder Circle

22
SEED STAGE
Angel
Spotle (2016, Kolkata, $114.4K)
AI-based job matching platform for connecting
employees to employers
Somnath Banerjee, Pralaypati Ta, Biswarup Banerjee,
Shiva Gunapu, Tanmay Bhowmik, and 3 more
SEED STAGE
Seed
Doosra (2020, Hyderabad, $963.6K)
Provider of virtual second phone number & call blocker
app
Omidyar Network India, 2am VC, Titan Capital, Bhuvan
Gupta, Nitin Agarwal, and 1 more
SEED STAGE
Seed
LegalPay (2019, Delhi, $324.5K)
P2P platform for litigation financing
Venture Catalysts, Amity Business Incubator, 9Unicorns
SEED STAGE
Seed
Leap Club (2019, Bangalore, $318.4K)
Online platform offering healthy and organic groceries
sourced from local organic stores and farmer
Venture Catalysts, Goodwater Capital, Pareto, Sequoia
Capital, Soma Ventures, and 6 more
SEED STAGE
Angel
Spinny (2015, Delhi, $530.0M)
Online outright buyer of used cars
Sachin Tendulkar
SEED STAGE
Seed
NetMonastery (2002, Mumbai)
Security and defence for technology & service
providers from cyber threat
Sharad Sanghi

New Investors (1/2)
List of New Investors in India Tech in December 2021
India Tech: List of New Investors
23
Investor Company Info Round Amount Round Name
Greenoaks
15 portfolio companies | Limited information available
Zetwerk
Online B2B marketplace providing manufacturing services
$210M Series F
Kettleborough VC
1 portfolio companies | Venture capital fund investing in early stage tech
startups
ByteLearn
AI-driven assistant for math teachers and tutoring for students
$9.50M Seed
Lenskart Vision Fund
3 portfolio companies | Venture capital fund focused on early-growth stage
startups
Tango Eye
$657K Seed
growthstories.life
1 portfolio companies |
OYChef
Marketplace for on-demand at-home chefs
$332K Seed
Quadrant Resource
1 portfolio companies | Information technology services firm
Samhitha
Provider of advisory platform to farming businesses
$1.50M Seed
Aavejak Advisers
1 portfolio companies | Alternative platform focused on revenue-based funding
Nucros
Provider of meal planning kit for nutrition and diet management
Undisclosed Seed
PB Fintech
2 portfolio companies | Online comparison platform for health and P&C
insurance
Policybazaar
App-based life and non-life insurance comparison platform for
individuals
Undisclosed Series F
Kiran Vyapar Limited
Global Bees
$112M Series B
Mehar Sindhu Batra
1 portfolio companies | Mehar Sindhu Batra
TagMango
Online platform offering personalized video messages from celebrities
Undisclosed Seed
O2 Angel Network
2 portfolio companies | Angel network focused on multiple sectors
ZiffyTech
Provider of an online platform to order medicines with doctor
consultation and appointment booking
$260K Seed

New Investors (2/2)
List of New Investors in India Tech in December 2021
India Tech: List of New Investors
24
Investor Company Info Round Amount Round Name
d1capital.vdtrxn
4 portfolio companies | Limited information available
Zetwerk
Online B2B marketplace providing manufacturing services
$210M Series F
thedesignvillage
1 portfolio companies | The Design Village: Top Design College in Noida, Delhi
NCR
Kindlife.in
Online retailer offering eco-friendly multi-category products
Undisclosed Seed
Emles Venture
2 portfolio companies | Home - Emles Venture Partners
Stack
$4.50M Seed
hrcapital.vdtrxn
Ninjacart
Offers supply chain & trading platform for vegetables and fruits
$145M Series D
Lyon
2 portfolio companies | Lyon | Investment Services
Global Bees
$112M Series B
Soma Ventures
5 portfolio companies | Tech and offline focused VC firm funding companies
Globally
Leap Club
Online platform offering healthy and organic groceries sourced from
local organic stores and farmer
Undisclosed Seed
Magenta
1 portfolio companies | Provider of O&M services for solar power plants
Axiom
Developer of motor controllers for multi-category electric vehicles
Undisclosed Seed
Side Door Ventures
7 portfolio companies | Venture capital firm focused on seed, series A, and
series B investments
Stack
$4.50M Seed
Recur
1 portfolio companies | Online lending platform for subscription-based
businesses
Keka
HR and payroll platform for SMEs
$1.60M Seed
BlueOrchard
59 portfolio companies | Private fund focused on debt and equity investments
Probus Insurance
Online comparison platform for life and non-life insurances
$6.70M Series A

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
25
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲40 Multi Products Marketplaces $3.6B 7 Flipkart | $3.6B | Series J
2 ▼-1 Online Test Preparation Courses $2.2B 8 BYJU'S | $864M | Series F
3 ▲2 Vernacular Social Networking Platforms $1.6B 6 ShareChat | $502M | Series E
4 ▼-2 Food Ordering Platforms $1.5B 2 Swiggy | $1.3B | Series J
5 ▲18 Digital Wallets $1.1B 6 Paytm | $1.1B | Series H
6 ▲11 POS Payment Terminals $999M 8 Pine Labs | $600M | Series E
7 ▲106 Social Reselling Platforms $904M 6 Meesho | $570M | Series F
8 ▲726 Internet First Working Capital Loans Marketplaces $857M 7 OfBusiness | $325M | Series G
9 ▲62 Online Marketplace for Drugs $808M 11 PharmEasy | $300M | Series D
10 ▼-4 Fantasy Sports Platforms $673M 10 Dream11 | $400M | Series F

New Analyst Picks (1/15)
Interesting Companies identified by Analysts in India Tech in December 2021
India Tech: Analyst Picks
26
Upgraded to UNICORN
Mamaearth (2016, Gurgaon, $250K, Angel)
Internet first brand offering organic beauty care
products
Rishabh Mariwala, Sequoia, Shilpa Shetty Kundra and
15 other Investors
Upgraded to UNICORN
Global Bees (2003, , $75.0M, Series A)
Premji Invest, ChrysCapital, Chiratae Ventures and 13
other Investors
Upgraded to SOONICORN
Pocket FM (2013, Gurgaon, $650K, Seed)
Mobile workforce management application for
maintenance & cleaning teams
The Times Group, Lightspeed India, Pocket FM and 7
other Investors
Ninjacart (2015, Bangalore, $4.9M, Series B)
Offers supply chain & trading platform for vegetables
and fruits
Larix, Joe Hirao, Rohini Nilekani and 26 other Investors
JusPay (2012, Bangalore, $21.6M, Series B)
Payments gateway solutions for eCommerce
merchants
Wellington Management, Haresh Chawla, Raghupathi
Ramakrishnan and 10 other Investors
Atomberg (2012, Mumbai, $9.9M, Series B)
Manufacturer of smart fans
SINE, Jigar K Shah, Parampara Capital and 9 other
Investors
OneCard (2019, Pune, $4.5M, Series A)
Credit card for consumers
Matrix Partners India, , Sequoia Capital and 4 other
Investors
Captain Fresh (2019, Hyderabad, $12.0M, Series A)
Online B2B platform offering seafood products
Ankur Capital, Incubate Fund India, Asish Mohapatra
and 20 other Investors
Uni Cards (2020, Bangalore, $18.7M, Seed)
General-purpose credit card with 1/3 pay feature
Lazr Ventures LLP, Deepak Joyce, Eight Roads Ventures

27
Upgraded to MINICORN
CloudSEK (2015, Bangalore, $7.0M, Series A)
AI based cyber risk and threat intelligence platform
Startupxseed Ventures, Navas Meeran, Inflexor and 10
other Investors
Probus Insurance (2011, Mumbai, $6.7M, Series A)
insurances
BlueOrchardand
SecureNow (2011, Delhi, Undisclosed, Series A)
insurance
Abhishek Goyal, Elevar Equity, Apis Partners and 2
other Investors
LendenClub (2014, Mumbai, $1.0M, Seed)
P2P platform for personal loans
Alok Bansal, Ramakrishnan Sivaswamy Iyer, Jayesh
Shah and 64 other Investors
MoooFarm (2018, Gurgaon, $100K, Seed)
management
Microsoft, Rockstart, Accel and 1 other Investors
Online PSB Loans (2018, Ahmedabad, $3.3M, Series
A)
Kunte Modha Shah Advisors, SIDBI, Punjab National
Bank and 11 other Investors
PuStack (2016, Panipat, $4.0M, Series A)
Provider of app-based online tutoring solutions for
students
Veefin (2010, Mumbai, $3.0M, Series A)
Cloud-based supply chain financing solution
Rajesh Rajendranand
Metadome (2017, San Mateo, $4.0M, Seed)
Developer of content creation tools for the metaverse
100x Entrepreneur, Chiratae Ventures, Seedrs and 2
other Investors
ByteLearn (2020, Noida, $2.5M, Seed)
AI-driven assistant for math teachers and tutoring for
students
Abhishek Goyal, Goodwater Capital, Ashish Sharma
Jupitice (2019, Delhi, $4.0M, Seed)
AI and blockchain based digital court for online dispute
resolution
Aeren Outsourcing,Almas Capitaland

28
Added to Editor's Pick
Leap Scholar (2019, Bangalore, Undisclosed, Series
C)
Provider of guidance for admission and scholarships
Sequoia Capital, Jungle Ventures, Owl Ventures and 1
other Investors
Xoxoday (2012, Bangalore, $949K, Venture Debt)
Employee engagement solutions provider
Pritsikha Anil, N+1 Capital, Mahindra and 9 other
Investors
Cityfurnish (2015, Gurgaon, Undisclosed, Angel)
Online rental platform offering furniture and
appliances
Soma Capital, Venture Souq, Xylo Capital and 18 other
Investors
Avenue Growth (2017, Gurgaon, $70.0K, Seed)
On-demand workforce platform to hire sale peoples
Harkaran Singh, Hargovind Singh, Neelam Kapur and 22
other Investors
GramFactory (2018, Gurgaon, $2.8M, Series A)
Members-only app-based B2B marketplace for retailers
Vishal Grover, Icebreaker, Shubham Gupta and 20
other Investors
ClearDekho (2015, Ghaziabad, Undisclosed, Seed)
Internet first brand offering eyewear
Pratik Jain, Bijal Saumil Mehta, Pushpa Poonamchand
Jain and 85 other Investors
BitClass (2020, Bangalore, $2.0M, Seed)
Provider of online course creation platform
Amarendra Sahu, Akatsuki, Raveen Sastry and 6 other
Investors
MoMAGIC Technologies (2011, Noida,
Undisclosed, Series A)
Provider of AI- enabled mobile marketing solutions
Foxconn Electronics,MediaTek,FIHand
GrowFit (2015, Bangalore, $1.4M, Series A)
Internet first restaurant delivering healthy meals
KGMG Family Trust, R Ramaraj, Paula Mariwala and 9
other Investors
Pee Buddy (2014, Delhi, $443K, Angel)
Internet first brand of menstrual hygiene products
DLabs, Ishan Singh, Catapooolt and 4 other Investors
Koovers (2015, Bangalore, $313K, Angel)
Provider of an online car repair services booking app
Mintosh, Prashant Maurya, Vivek Chandra Sekhar and
58 other Investors
Visit (2015, Delhi, Undisclosed, Angel)
Provider of a telemedicine platform for doctor
consultation
MapmyIndia, Kunal Bahl, Day One Ventures and 9
other Investors

29
Bare Anatomy (2018, Gurgaon, $286K, Seed)
Internet-first brand offering personalized skin & hair
care products
Sweta Amrish Rau, Randeep Kaur Seehra, Ridhima
Khurana and 5 other Investors
Param (2017, Hyderabad, $270K, Seed)
AI-based applicant tracking software solution
Madhukar Pai, Satya D Sinha, Sanjay Jesrani and 15
other Investors
Juggernaut (2015, Delhi, $2.3M, Angel)
Mobile-first publishing platform for authors
Neeraj Aggarwal, Homage Ventures Llp, Bharti Airtel
Kitchens at (2018, Bangalore, $9.9M, Series B)
Managed kitchens operator
Trifecta Capital, Tariq Mohamed Abdul Rahman
Alashram Al Falassi, Beenext and 8 other Investors
Wakau (2014, Pune, $1.8M, Seed)
App-based social platform for sharing short videos
Meree Dhun, Amitabh Bachchan, Rising Sun Holding
Nestasia (2018, Kolkata, $4.0M, Series A)
Internet-first brand of multi-category home
improvement products
Varun Alagh, Stellaris Venture Partners, Ramakant
Sharma and 3 other Investors
LogIQids (2015, Mumbai, $373K, Angel)
App-based platform offering content and assessment
tools for logical reasoning development
Bhupinder Singh, Saurabh Jhalaria, Sarita Agarwal and
32 other Investors
Evenflow (2021, Mumbai, $870K, Seed)
Platform acquires and scales eCommerce brands
Pallabi Ghosal, Anand Chandrasekaran, Deepak
Khushalani and 18 other Investors
InstaCash (2017, Jaipur, $365K, Seed)
Online buy-back platform for pre-owned smartphones
Jitendra Pal, Startup Oasis, CompAsia and 5 other
Investors
EsportsXO (2020, Bangalore, $1.1M, Seed)
SaaS-based esports tournament management solutions
provider
Syed Faiz Hasan, Abhishek K Gupta, Ashwin Ganesh
DigiBoxx (2020, Mumbai, $411K, Seed)
Cloud-based digital file storage service and sharing
platform
,Concept Communication,Liqvd Asiaand
Postpe (2021, Delhi, Unfunded)
App-based platform for point of sale financing

30
DUSD (2020, Bangalore, $1.2M, Seed)
Stablecoins backed by Curve finance LP tokens
Standard Crypto,Divergence Ventures,Accompliceand
Polygon (2020, Bangalore, Undisclosed, Angel)
Blockchain network focused on sidechains innovation
for developers
Genesis Ventures, Mark Cuban, Binance Labs and 3
other Investors
NEWSREACH (2018, Ahmedabad, $154K, Seed)
Marketplace for media professionals
Ajeet Singh B Khurana, Taha Zuhair Nabee, Mahendra
Kumar and 20 other Investors
CP Plus (2007, Noida, Unfunded)
Provider of surveillance camera systems
Talent500 (2019, Bangalore, Unfunded)
AI-based career matching solution
Streamingo (2015, Bangalore, $168K, Seed)
AI based solutions for video and consumer behaviour
analysis
MassChallengeand
Arthya (2020, Mumbai, $1.0M, Seed)
Wealth management and investment advisory platform
Amit Kumar Kumat, Gaurav Datta, Deepak Mehra and
18 other Investors
Any Time Classes (2017, Delhi, 679, Angel)
Provider of application with learning courses
Jayasree Jatania, Anand Padia, Anubha Gupta and 8
other Investors
Trainman (2014, Gurgaon, $143K, Seed)
App-based platform to check PNR status & view
railway information
Mohit Kakkar, Rajesh Ranjan Singh, Honey Bhushan
Paybooks (2011, Bangalore, $172K, Angel)
Web-based payroll management software and payroll
outsourcing service provider
Mukul Chawla, Mohammed Salman, Krishna Hedge and
7 other Investors
FundExpert (2016, Bangalore, $81.9K, Angel)
Automated mutual fund investing platform
The Rise Accelerator, Amit Mehta, Zone Startups India
Wint Wealth (2020, Bangalore, $1.6M, Seed)
Online platform focused on fixed-income investments
Sanat Rao, Deepak Aboot, Breadlake Ventures and 65
other Investors

31
Dyte (2020, Bangalore, $150K, Seed)
Cloud-based platform for video conferencing
Nexus Venture Partners,Y Combinatorand
Fitterfly (2016, Mumbai, $2.8M, Seed)
Provider of a mobile app for multiple disease
management
Ashish Patil, Dilipkumar Karodimal Khandelwal, Startup
Creasphere and 7 other Investors
Sohum Innovation Lab (2012, Bangalore, $35.0K,
Grant (prize money))
Provider of a device to screen newborns for hearing
loss
IKP Knowledge Park, Stanford Biodesign, Prosus and 4
other Investors
Zorro (2019, Gurgaon, $3.2M, Seed)
Online social platform for professionals
Ashneer Grover, Vijay Shekhar Sharma, Kunal Shah and
11 other Investors
Mihuru (2016, Mumbai, $150K, Angel)
Online platform for travel and educational loans
Anil Chandirani, VLS CAPITAL, Pranay Mehrotra and 3
other Investors
Explurger (2019, Delhi, $1.0M, Seed)
AI-driven social platform for travel enthusiasts
Ruchirans Jaipuria,Piyush Jain,Lovkesh Aroraand
Stops (2014, Delhi, $201K, Seed)
Online franchise-based backpackers hostel aggregator
Varun Mahajan, BDG Angels, Alok Sethi and 127 other
Investors
Tradebriefs (2008, Mumbai, $94.1K, Seed)
Online platform providing news on business and
finance
Vikas Geol,500 Globaland
Nat Habit (2019, Delhi, $47.0K, Seed)
Internet-first brand offering beauty & skincare
products
Devendra Chawla, Titan Capital, Venture Catalysts and
14 other Investors
CashRich (2016, Mumbai, $588K, Angel)
Online platform focused on mutual fund investments
Noel Hayden, Zone Startups India, Andrew Tombs and
1 other Investors
VastraApp (2018, Ahmedabad, $43.4K, Angel)
Platform offering management software for retailers
Minal Ishwarbhai Desai, Govind Verma, Abhishek
Ranchhodbhai Desai and 17 other Investors
Fello (2020, Bangalore, $55.1K, Seed)
App-based saving and investment platform for
individuals
Entrepreneur First, Dexter Angels, Salil Chakrabarty

32
BusinessOnBot (2019, Bangalore, $1.3M, Seed)
Provider of Whastsapp based marketing chatbot
solutions
NC Media Networks, Ajay Candade, Rohit Razdan and
14 other Investors
Learning Matters (2016, Bangalore, Undisclosed,
Seed)
Provider of AI and cloud-based educational tools and
teachers training program
Seetharaman Sridharan, Mahesh Ramachandran,
Srinivas Rowjee Cuddapah and 18 other Investors
Sourcewiz (2020, Gurgaon, $3.0M, Seed)
Platform offering solution to create custom product
catalogs for online businesses
Dhruvil Sanghvi, Rakshita Agrawal, Ritesh
Ramakrishnan and 20 other Investors
EatClub (2020, Mumbai, Unfunded)
Online platform offering food ordering and delivery
services
Creative Galileo (2020, Mumbai, $2.5M, Seed)
Provider of app and game-based learning solutions for
kids
Giridhar Malpani, Jinesh Patel, Harish Bahl and 4 other
Investors
Koparo Clean (2021, , $762K, Seed)
Internet first brand offering multi-category home care
products
Kunal Bahl, Saama Capital, Rohit Kapoor and 7 other
Investors
HireSure (2019, Bangalore, $170K, Seed)
Blockchain and AI-based candidate engagement
platform
Kettleborough VC, Amiya Pathak, Lovleen Bhatia and
14 other Investors
Leap Club (2019, Bangalore, $193K, Seed)
Online platform offering healthy and organic groceries
sourced from local organic stores and farmer
Vishal Jain, Paresh Subhash Deshpande, Aiprime
Nutritions and 25 other Investors
HealthSignz (2014, Hyderabad, $269K, Angel)
Smart personal health management platform for
patients
PACCS, Joseph Jude Emmanuel Pereira, Srivani Mettu
ShopConnect (2015, Bangalore, $62.2K, Seed)
Platform offering interactive catalog and video
collaboration solution for eCommerce businesses
Nageshwararao Borra, Raineesh Kumar Jain, Sachin
Hiware and 50 other Investors
Frendy (2019, Ahmedabad, $1.3M, Angel)
Online social community platform offering multi-
category products
Mandeep Bhandari, Mayur Desai, Pacifica Companies
Aura Air (2018, Chennai, $3.0M, Seed)
Internet first brand offering smart air purifiers
Startup Creasphere, Upward, Merchavia Holdings and
Investments and 3 other Investors

33
LearnApp (2018, Delhi, $283K, Seed)
SaaS-based platform providing video courses for
investment & trading
Rainmatter Technologyand
UrbanDart (2017, Hyderabad, $151K, Angel)
E-commerce and growth platform for businesses
Vijay Rayapati, Gopikrishna Lakkepuram, Avneet Bansal
BuyForexOnline (2012, Bangalore, 432, Seed)
Online platform for forex prepaid cards & purchases
Meeta Gandhi, Ramachandra Kaundinya, Vinnakota
Kaundinya Ramachandra and 11 other Investors
Inspire Co-Spaces (2020, Mumbai, $4.0M, Angel)
Provider of managed co-working spaces
Ashish Chandnaand
EXPONENT (2020, Bangalore, $970K, Seed)
Energy stack for electric vehicles
Rohit Sood, Akshay V Singhal, Samvardhana Motherson
Group and 16 other Investors
Cryption (2020, , $1.1M, Seed)
Exchange and liquidity solutions for cryptocurrency
Waterdrip Capital, AU21 Capital, Genblock and 7 other
Investors
Kreate (2020, Bangalore, Undisclosed, Seed)
Online marketplace offering handmade products
Abhishek Kishore Gupta, Ankesh Sagar, Elina
Investment and 2 other Investors
Fundfina (2017, Mumbai, $59.1K, Angel)
Online marketplace for business loans
Birendra Kumar Agarwal, Inclusive Fintech 50, Rajesh
Kumar Choubey and 13 other Investors
361online (2009, Chennai, $141K, Seed)
Online programs in management and big data analytics
Anant Singhal, Gururaj Kalyan, Suresh Krishnaswamy
Cookifi (2015, Bangalore, Undisclosed, Seed)
Platform offering food catering services
Archana kumari, Bhola Ram, Shashwat Kumar and 19
other Investors
JARVIS (2016, Thane, $13.7K, Angel)
AI-based robo advisors
Rakesh Prasad Gupta, NSRCEL, and 2 other Investors
Suraasa (2017, Karnal, Unfunded)
Cloud-based teacher education platform
Kunal Shah, LetsVenture, IPV and 1 other Investors

34
Numen Health (2013, Bangalore, $1.9M, Seed)
AI-based telehealth and consultation platform for
clinics and patients
Nimish Joshi, Axilor Ventures, Alben Sigamani and 10
other Investors
Evera Cabs (2019, Delhi, $135K, Angel)
App-based platform for electric cab services
Mahendra Goenkaand
InstraAstro (2020, , $426K, Seed)
Online platform offering astrology services
Artha Venture Fundand
Xook (2020, Bangalore, Undisclosed, Seed)
Platform offering meal preparation robot
Techstars,We Founder Circleand
Eigenlytics (2017, Mumbai, Unfunded)
Provider of AI based OCR, eGovernance and
documentation software
RISE Confand
DataVision (1992, Pune, Unfunded)
Cloud-based banking software suite
Meena Karamchandani, Vinod Karamchandani, Suresh
Jadhav and 2 other Investors
Amity University (2005, Noida, Unfunded)
Mobile-based university for higher education
Beyondskool (2020, Mumbai, $2.0M, Seed)
Online platform providing intelligence curriculum for
school students
Tomorrow Capitaland
Parkwheels (2015, Gurgaon, $44.4K, Angel)
Smart cities products company
Prakash Chandra Kabra, Park Plus, Amit Lakhotia and
12 other Investors
SHUNYA (2017, Mumbai, $1.3M, Seed)
Brand of juices
NB Ventures,Shraddha Kapoorand
PaceRobotics (2020, Bangalore, Undisclosed, Seed)
Manufacturer of a wall plastering robot for
construction
SINE, MARL 5G Accelerator, Kochi Holdings and 1 other
Investors
Glimpay (2021, Bangalore, $265K, Seed)
Online earnings management platform for businesses
9Unicornsand

35
Renee Cosmetics (2018, Ahmedabad, $1.5M, Seed)
Internet-first brand offering organic cosmetics
products
Rajesh Sehgal, Apoorv Ranjan Sharma, 9Unicorns and 1
other Investors
Esperer Nutrition (2019, Mumbai, $659K, Seed)
Developer of nutrition therapy for treating multiple
cancer diseases
Zenfold, Sohilkumar Dahyabhai Tandel, Shivshankar
Gangaram Bangar and 1 other Investors
Miniklub (2013, Bangalore, Unfunded)
Internet first brand offering apparel wear for kids
Tyke (2020, Mumbai, $1.5M, Seed)
Online investment platform focused on startup
investments
Ajay Rajani, Jitendra Gupta, Sweta Rau and 8 other
Investors
Quinta (2016, Bangalore, Unfunded)
Provider of web-based warehouse management
solutions
Crimsoune Club (2005, Sonipat, Unfunded)
Internet first brand of casual apparel wear for men and
women
Tango Eye (2017, Chennai, $489K, Seed)
Rabindran Krishna Swamy, Pankaj Prakash Kapoor,
Lenskart Vision Fund and 5 other Investors
CapGrid Solutions (2020, Gurgaon, $554K, Seed)
Provider of platform for sourcing raw materials
First Cheque, Anicut Capital, Axilor Ventures and 1
other Investors
CREDOPAY (2017, Chennai, $556K, Seed)
Cloud-based merchant banking solution
Pramoda Ganiga, Tj Green Energy, Nishant EP and 3
other Investors
My Classroom Foundation (2020, Gurgaon,
$1.5M, Seed)
Mobile-based platform providing entrance and
government exam preparation solutions
Prem Prakashand
DemandFarm (2012, Bangalore, $17.2K, Seed)
Account management software for B2B companies
Sanoch Management, Stephen Goodroe, Dhiraj
Rajaram and 2 other Investors
ChangeBhai (2013, Pune, $24.0K, Grant (prize
money))
Mobile application to report public issues and online
platform for locality reviews
,Catapoooltand

36
Ossus Bio (2018, Bangalore, $20.0K, Seed)
Provider of microbial cell solution for hydrogen
production from wastewater treatment
Shell E4,IKP EDENand
DENTRA (2021, Patna, Unfunded)
Manufacturer of AI-powered 3D intraoral scanners
Techstarsand
Padhle (2020, Dewas, Unfunded)
Provider of app-based online learning solutions for
school students
VectorX (2016, Hyderabad, Unfunded)
GST billing & accounting app for SMEs.
SINEand
Crossloop (2017, Pune, Unfunded)
Internet first brand offering audio devices and
accessories
BTCC (2018, Pune, $1.0M, Seed)
Decentralized banking ecosystem
Titodi (2013, Surat, Unfunded)
Provider of location based marketplace for selling and
buying of fruits and vegetables
ZappyHire (2018, Kochi, $494K, Seed)
Autonomous recruitment solution
M I Sahadulla, Rajesh Nair, Shihab Muhammed and 4
other Investors
EasyReach Solutions (2014, Pune, $74.4K, Seed)
IoT based solutions for the retail industry
Chandrashekar Mundlay, Mobileware Tech, One
Degree Turn and 6 other Investors
Streo Technologies (2015, Delhi, $86.2K, Seed)
App for streaming live music from nightclubs
Mahesh Ravindra Patil, GEMS Advisory, Aditya Burman
Mool (2020, Delhi, Unfunded)
Internet First Bank for individuals
FASAL SALAH (2021, Noida, Unfunded)
Provider of expert advisory services to farmers

37
XtracapNeo (2021, Delhi, $201K, Angel)
App-based platform for invoice financing
Rishi Ghai, Bharat Khattar, Bhupender Singh Ranawat
Vlinder (2018, Bangalore, Unfunded)
Provider of blockchain, supply chain management and
identity management solutions
Growmax (2020, Chennai, Unfunded)
Online B2B eCommerce platform for the
manufacturing industry
PicMix (2001, Unfunded)
Online gifting platform offering digital greeting cards
Gobi Partnersand
Papa Brands (2020, Mumbai, Unfunded)
Internet first brand offering casual wear and consumer
electronics
Electrono (2011, Bangalore, Unfunded)
Provider of AI-based IoT solutions for manufacturing
industries
Keus (2015, Hyderabad, $696K, Angel)
Developer of home automation products
Subram Kapoor,Brijesh Chandwaniand
FinAGG (2019, Noida, $1.3M, Seed)
AI-based platform for supply chain financing
Seabrightand
WiseGuru (2018, Pune, Unfunded)
Mobile-based platform providing English language
learning & test preparation solutions
Shipway (2015, Gurgaon, $81.6K, Angel)
Platform offering eCommerce multi-carrier shipping
solution
Akash Hedge, Tradezeal Online, Santosh Reddy and 1
other Investors
VOIZ (2020, Bangalore, Unfunded)
Gig work platform for customer support & telesales
professionals
SkySERVE (2020, Bangalore, Unfunded)
Provider of AI-based analytics and insights using
satellite information for multiple industries
APXand

38
Instaraise (2021, Bangalore, Unfunded)
Liquidity and staking solutions for cryptocurrency
BD Venturesand
Koinbazar (2017, Chennai, Unfunded)
App-based exchange platform for cryptocurrency
MiCoB (2019, Gandhinagar, Undisclosed, Seed)
Provider of 3D printing solutions for the construction
industry
3Linesand
Exams9 (2019, Hyderabad, Unfunded)
Online platform providing multiple exam preparation
solutions
T-Huband
The Education Tree (2012, Delhi, Unfunded)
Online platform providing learning community for
students
NeoGrowth (2011, Mumbai, Unfunded)
Online platform for business loans
TimbreSonic (2021, Mumbai, Unfunded)
Internet first brand offering audio devices
ProTeen (1999, Mumbai, Unfunded)
Online platform offering psychometric assessment
tests for students
Glood (2020, Delhi, Unfunded)
Provider of AI-based personalization platform for
Shopify stores
Waterdip (2021, Bangalore, Unfunded)
Provider of a cloud-based ML model performance
monitoring platform for enterprises
UpScale (2021, Mumbai, Unfunded)
Cloud-based cash management solution for small-sized
businesses
FinOS (2018, Chennai, Unfunded)
Cloud-based banking software suite

39
Allrounder Cup (2019, Bangalore, Unfunded)
Online platform allowing students to participate in
competitions
Nxtra (2013, Delhi, Unfunded)
Platform offering data center colocation solutions
Salesquared (2017, Vijayawada, Unfunded)
Full-stack sales,marketing, and field sales solution
Witmer (2020, Bangalore, Unfunded)
AI-based mental health management tool for providers
Protto (2018, Mumbai, Undisclosed, Seed)
Provider of an app-based platform to book auto repair
services
0to1and
Travalate (2020, Jaipur, Unfunded)
Internet first brand offering luggage bags
Urban Plants (2020, Delhi, Unfunded)
Online marketplace offering ornamental plants and
accessories
Crop Bee (2021, Vijayawada, Unfunded)
Provider of a cloud-based expert advisory platform for
farmers
WCube (2019, Gurgaon, Unfunded)
Provider of software suite solutions for the enterprise
Hni Database (2016, Noida, Unfunded)
Platform providing contact database to enterprises
HomeGuru (2021, Mumbai, Unfunded)
Provider of online tutoring solutions for students
Auctus Capitaland
Citrus (2021, Bangalore, Unfunded)
Provider of cloud-based reefer container booking app

40
Great Eastern IDTech (1983, Gurgaon, Unfunded)
Provider of cloud-hosted, RFID-enabled asset tracking
systems
Redinent (2021, Bangalore, Unfunded)
Provider of cloud and AI-based security solutions for
CCTVs and IoT devices
Bonatra (2019, Bangalore, Unfunded)
Digital practice management tool for healthcare
professionals
Kizo (2020, Mumbai, Unfunded)
Internet first brand offering gift cards
Anantadi (2021, Pune, Unfunded)
Provider of AI enabled platform for product
placements in video ads
SpeedFinance (2020, Pune, Unfunded)
ScantoBim (2012, Pune, Unfunded)
Provider of an AI-based building information modeling
platform for the construction industry
TractorBazar (2020, Chennai, Unfunded)
Online platform to purchase pre-owned tractors
Access School (2020, Gurgaon, Unfunded)
Online platform providing NIOS courses for school
students
AlteredAi (2013, Jammu, Unfunded)
AI-based disease diagnosis tool for healthcare
professionals

IPO Date Company IPO Mcap Exchange Ticker
28 Dec 2022
Foce (2008, Mumbai, )
Internet first brand offering watches for men and women
$0.0B NSE:FOCE
17 Dec 2021
RateGain (2004, London, $144M)
Provider of cloud-driven revenue management solutions for the
hospitality & travel industry
$0.6B NSE:RATEGAIN
21 Dec 2021
MapmyIndia (1995, Delhi, $44.4M)
Provider of map data, GPS-based navigation products, and mobile
applications
$0.5B NSE:MAPMYINDIA
IPOs
List of IPOs in India Tech in December 2021
India Tech: IPOs
41

Acquisitions (1/2)
List of Acquisitions in India Tech in December 2021
India Tech: Acquisitions
42
Acq. Date Company Acquirer Deal Size
01 Dec 2021
Happay(2012, Bangalore, $22.9M)
Expense management software and corporate card for businesses
CRED $180.0M
02 Dec 2021
Algopixel Technologies(2015, Bangalore)
Provider of mapping software solutions for the drone industry
AUS
06 Dec 2021
Talentedge(2012, Mumbai)
Provider of live online digital courses on multiple topics
upGrad
08 Dec 2021
AZAH(2018, Gurgaon, $0.4M)
Internet first brand of personal hygiene products
Powerhouse91
09 Dec 2021
Mobtexting(2014, Bangalore)
Global bulk messaging & cloud telephony for Enterprise
BICS
09 Dec 2021
3MDigital(2012, Bangalore)
Digital solutions to enable text and call based marketing
campaigns
BICS
13 Dec 2021
My Community(2021, Bangalore)
App-based community platform offering groceries
MyGate
13 Dec 2021
MissMalini(2008, Mumbai, $4.2M)
Online platform publishing content focusing on lifestyle and
entertainment
Good Glamm
14 Dec 2021
Finin(2019, Bangalore, $0.4M)
Digital bank for Individuals
Open $10.0M
16 Dec 2021
YoloBus(2019, Gurgaon, $4.1M)
Online based platform offers intercity bus services
EaseMyTrip

Acquisitions (2/2)
List of Acquisitions in India Tech in December 2021
India Tech: Acquisitions
43
Acq. Date Company Acquirer Deal Size
16 Dec 2021
Faces Canada(2009, Gurgaon, $1.8M)
Internet first brand offering multi-category beauty products
Purplle
16 Dec 2021
Study IQ(2016, Delhi)
Self-paced courses for test preparation
Adda247 $20.0M
21 Dec 2021
Sirona(2015, Delhi, $16.9M)
Internet first brand of feminine products
Good Glamm
21 Dec 2021
Prepleaf(2017, Delhi)
Mentor-driven end-to-end placement preparation platform
Masai School $1.0M
21 Dec 2021
TheHouseMonk(2013, Bangalore)
Provider of cloud-based property management platform
Aurum House $5.0M
24 Dec 2021
Momspresso(2010, Gurgaon, $6.1M)
Information portal for parents
Mamaearth
29 Dec 2022
Visicon Power(2020, Mumbai)
Provider of power management ICs
Ruttonsha International
Rectifier
29 Dec 2022
Airlearn(2020, Noida)
AI-based platform providing live teaching and learning solutions
Teachmint
29 Dec 2022
Now(2015, Noida, $1.5M)
On-demand delivery for businesses
Borzo

Recent News (1/2)
Recent News in India Tech in December 2021
India Tech:News
44
Exit News
.
● Snapdeal files DRHP for IPO to raise Rs 1,250 crore via fresh issue TechStory
.
● MapmyIndia IPO: Trading at 100% premium in grey market after 154 times
subscription. All you need to know Moneycontrol
.
● Zee-Sony merger far from done deal: This dharavahik has an Invesco twist
TIMES NOW
.
● Data Patterns IPO trading at 100% premium in grey market after issue sees
stellar response Moneycontrol
.
● After US, Byju’s now planning secondary listing in India New Indian Express
.
● Byju's acquires Austria's GeoGebra in a $100 million deal TechStory
.
● Exertis acquires Almo in biggest acquisition to date avinteractive.com
.
● Finvasia Group Acquires ZuluTrade, the World's Largest Social Trading
Network Business Wire
.
Fund News
.
● Klub Announces 1st Close of Its ₹200 Cr Revenue Based Financing Fund
'Aceler8', To Invest in Consumer and SaaS... IndianWeb2
.
● Bitwise Introduces NFT Index Fund Finance Magnates
.
● Varanium Capital Closes Final Round Of Fintech Focused VC Fund At INR 140 Cr
Inc42
.
● Myre Capital crosses ₹100 crore AUM in 10 months Livemint
.
● Excellere Partners Raises $875 Million for Its Fourth Fund, Excellere Capital
Fund IV LP Business Wire
.
People News
.
● OYO appoints former SBI chairman Rajnish Kumar strategic group advisor
Business Standard
.
● OYO appoints ex-Apple executive Nirdosh Chouhan as senior vice president
Business Standard
.
● Byju's appoints Rachna Bahadur as Senior Vice President to lead global
expansion plans New Indian Express
.
● India's Paytm Expands CEO Role To Include Oversight Of Growing Payments
Business PYMNTS.com

Recent News (2/2)
Recent News in India Tech in December 2021
India Tech:News
45
● Piramal Enterprises appoints Rupen Jhaveri as Group President Business Today
.
● Coinswitch Kuber Appoints Industry Veteran Ashish Chandra As General
Counsel Financial IT
.
● Himanshu Chakrawarti named Snapdeal president for value commerce
strategy Business Standard
.
● Zomato names Anjalli Ravi as Chief Sustainability Officer, Nitin Savara as
Deputy CFO Deccan Herald
.
Company News
.
● Revolt Begins Operations In Eastern India With Retail Store In Kolkata Carandbike
.
● Alembic Pharma receives USFDA approval for Formoterol Fumarate Inhalation
Solution Business Standard
.
● US-based eCommerce fulfillment network – XPDEL Launched India Operations
SMEStreet.in

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