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1. TRACXN TOP BUSINESS MODELS REPORT
December 08, 2021
INDIA TECH

2. India Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
IndiaIndia Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. India Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Funding in last 1 year
3
Payments $3.7B
Horizontal E-Commerce $3.6B
Food Tech $2.5B
K-12 EdTech $2.3B
Alternative Lending $1.7B
Logistics Tech $1.6B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
LetsVenture
Y Combinator
AngelList
67
64
63
Early
Stage
Sequoia Capital
AngelList
Accel
27
26
21
Late
Stage
Tiger Global Management
Sequoia Capital
Accel
40
27
18
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Flipkart
(2007, Bangalore)
$3.6B - Series J
Paytm
(2010, Noida)
$1.1B - Series H
Swiggy
(2014, Bangalore)
$800M - Series J
Zomato
(2010, Gurgaon)
$660M - Series J
Eruditus
(2010, Mumbai)
$650M - Series E
Pine Labs
(1998, Noida)
$600M - Series E
Meesho
(2015, Bangalore)
$570M - Series F
ShareChat
(2015, Bangalore)
$502M - Series E
Ola
(2010, Bangalore)
$500M - Series J
BYJU'S
(2011, Bangalore)
$460M - Series F
Swiggy
(2014, Bangalore)
$451M - Series J
VerSe
(2007, Bangalore)
$450M - Series I
Bangalore (51%)
Mumbai (15%)
Gurgaon (10%)
Noida (9%)
Delhi (7%)
Others (8%)

4. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲37 Multi Products Marketplaces $3.6B 5 Flipkart | $3.6B | Series J Link
2▲1 Food Ordering Platforms $2.2B 4 Swiggy | $800M | Series J Link
3▼2 Online Test Preparation Courses $1.6B 9 BYJU'S | $460M | Series F Link
4▲11 Digital Wallets $1.1B 6 Paytm | $1.1B | Series H Link
5▲16 POS Payment Terminals $1.0B 9 Pine Labs | $600M | Series E Link
6▲58 Online Marketplace for Drugs $806M 8 PharmEasy | $300M | Series D Link
7▼1 Fantasy Sports Platforms $673M 9 Dream11 | $400M | Series F Link
8-- Internet First Working Capital Loans Marketplaces $532M 6 OfBusiness | $207M | Series F Link
9▲532 Online Professional Learning Courses $515M 14 upGrad | $185M | Series E Link
10-- Car Ride Hailing $500M 2 Ola | $500M | Series J Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲19 Credit Card Bill Payments $466M 2 CRED | $251M | Series E Link
12▲20 QR Code Payments $460M 2 BharatPe | $370M | Series E Link
13▲219 Online Used Cars Outright Buyers $453M 4 Spinny | $280M | Series E Link
14▼2 Real Money eSports Gaming Platforms $391M 20 MPL | $150M | Series E Link
15▲71 Crypto Exchanges $390M 4 CoinSwitch | $260M | Series C Link
16-- E-Commerce Rollups $360M 10 Mensa Brands | $135M | Series B Link
17▲356 Conversation AI Platforms $345M 3 Gupshup | $240M | Series F Link
18▼9 C2B Used Cars Marketplaces $342M 1 CARS24 | $342M | Series F Link
19-- Conversational AI Development $340M 3 Gupshup | $240M | Series F Link
20▼13 Online Eyewear Retailer $319M 4 Lenskart | $220M | Series G Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲56 B2B E-Commerce > Horizontal > Marketplace $298M 9 udaan | $280M | Series D Link
22▲15 Contract Manufacturer Marketplace $273M 3 Zetwerk | $150M | Series E Link
23▲13
B2B E-Commerce > Services > Manufacturing >
Marketplace
$270M 2 Zetwerk | $150M | Series E Link
24▲48 Online B2C Meat Retailer $268M 5 Licious | $192M | Series F Link
25▲82 E-Commerce Shipping and Fulfillment Software $263M 12 ShipRocket | $185M | Series E Link
26▲23 Electric Scooter Manufacturers $261M 8 Ola Electric | $200M | Series B Link
27-- Online Consumer Services Providers $255M 1 Urban Company | $255M | Series F Link
28▲12 Internet First Auto Insurers $255M 1 Acko | $255M | Series D Link
29▲12 Internet First Auto Insurers $255M 1 Acko | $255M | Series D Link
30-- Banking Software Suite $250M 1 Zeta | $250M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲15 Internet First Credit Cards $247M 5 slice | $220M | Series B Link
32-- Salon Management Software $240M 3 Zenoti | $160M | Series D Link
33-- Salon Management Software $240M 3 Zenoti | $160M | Series D Link
34▼9 Internet First Insurers $235M 5 Digit Insurance | $200M | Series C Link
35▲20 Used Cars Listing Platforms $231M 2 CarDekho | $200M | Series E Link
36▼23 Applicant Tracking System $221M 7 Eightfold | $220M | Series E Link
37▲41 Commercial Real Estate Listings $210M 1 NoBroker | $210M | Series E Link
38▲41 Peer to Peer Residential Real Estate Listings $210M 1 NoBroker | $210M | Series E Link
39-- Tech Enabled Construction Contractors $202M 2 Katerra | $200M | Series D Link
40▼20 Insurance Comparison Platforms $192M 10 Policybazaar | $75.0M | Series F Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
India Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲22 Beauty and Personal Care Products Marketplaces $185M 3 Purplle | $75.0M | Series D Link
42▲74 Blue Collar Job Boards $183M 4 Apna | $100M | Series C Link
43▲41 Virtual Classroom For Tutors $180M 5 Teachmint | $78.0M | Series B Link
44▼33 Online Business Payments $165M 7 Razorpay | $160M | Series E Link
45▲7
Internet First Natural Beauty and Personal Care
Products Brands
$158M 12 BuyWOW | $50.0M | Series C Link
46▲116 Internet First Personal Loans Marketplace $158M 7 KreditBee | $75.0M | Series C Link
47▲7 Parcel Delivery Management $150M 2 FarEye | $100M | Series E Link
48▲401
Healthcare IT > Provider > Administrative Solutions
> Business and Market Intelligence > Mark..
$150M 2 Axtria | $150M | Series D Link
49-- Big Data Analytics for Healthcare $150M 1 Axtria | $150M | Series D Link
50▲803 Sales & Marketing Solutions $150M 1 Axtria | $150M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Multi Products Marketplaces - India
01
9
Back to index
Horizontal E-Commerce (ShopClues)
(# Cos: 1289 | $14.4B)
Marketplace (Flipkart)
(# Cos: 384 | $13.9B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$3.6B (▲5633%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$13.9B
38
-
384
6
Flipkart
(2007, Bangalore, $10.8B)
ShopClues
(2011, Gurgaon, $249M)
Snapdeal
(2010, Delhi, $1.8B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Flipkart (2007, Bangalore)
$3.6B - Series J - Jul 2021
LoveLocal (2015, Mumbai)
$18.0M - Series A - Oct 2021
OurBetterPlanet (2020, Bangalore)
$300K - Seed - Jul 2021
OhLocal (2020, Noida)
$150K - Seed - Sep 2021
Brown Living (2019, Mumbai)
$101K - Angel - Jun 2021

10. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - India
02
10
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$2.2B (▲210%)
4(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$5.1B
17
1
309
1
Food Tech (HealthifyMe)
(# Cos: 2189 | $6.5B)
Food Discovery and Ordering (Foodpanda India)
(# Cos: 963 | $5.2B)
Restaurant Aggregator (Zomato)
(# Cos: 458 | $5.1B)
Platform Delivered (Swiggy)
(# Cos: 309 | $5.1B)
Swiggy
(2014, Bangalore, $2.9B)
Zomato
(2010, Gurgaon, $2.1B)
Foodpanda India
(2012, $23.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Swiggy (2014, Bangalore)
$800M - Series J - Apr 2021
Zomato (2010, Gurgaon)
$660M - Series J - Dec 2020
Swiggy (2014, Bangalore)
$451M - Series J - Jul 2021
Zomato (2010, Gurgaon)
$252M - Series J - Feb 2021

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Courses - India
03
11
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$1.6B (▼9.6%)
9(▼47.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$4.5B
27
-
371
3
Test Preparation Tech (Toppr)
(# Cos: 1690 | $5.2B)
Digital Learning (Vedantu)
(# Cos: 1550 | $5.1B)
Diversified (BYJU'S)
(# Cos: 418 | $4.9B)
Self-Paced (Unacademy)
(# Cos: 371 | $4.5B)
Unacademy
(2015, Bangalore, $881M)
BYJU'S
(2011, Bangalore, $3.5B)
Toppr
(2013, Mumbai, $107M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BYJU'S (2011, Bangalore)
$460M - Series F - Mar 2021
Unacademy (2015, Bangalore)
$440M - Series H - Aug 2021
BYJU'S (2011, Bangalore)
$340M - Series F - Jun 2021
BYJU'S (2011, Bangalore)
$301M - Series F - Sep 2021
BYJU'S (2011, Bangalore)
$50.0M - Series F - Jun 2021
Vidyakul (2017, Gurgaon)
$4.2M - Seed - Sep 2021
My Classroom Founda.. (2020, Gurgaon)
$1.5M - Seed - Sep 2021
View all 9 Funding Rounds on Tracxn Platform

12. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Paytm (2010, Noida)
$1.1B - Series H - Nov 2021
MobiKwik (2009, Gurgaon)
$26.7M - Series E - May 2021
MobiKwik (2009, Gurgaon)
$6.2M - Series E - Mar 2021
MobiKwik (2009, Gurgaon)
$5.0M - Series E - Apr 2021
FLYK (2020, Mumbai)
$6.8K - Seed - Sep 2021
FLYK (2020, Mumbai)
$5.4K - Angel - Apr 2021
Digital Wallets - India
04
12
Back to index
Payments (Razorpay)
(# Cos: 1277 | $14.2B)
Consumer Payments (CRED)
(# Cos: 552 | $9.9B)
Wallets (PhonePe)
(# Cos: 174 | $8.6B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$1.1B (▲943%)
6(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$8.6B
26
1
174
3
PhonePe
(2012, Bangalore, $700M)
MobiKwik
(2009, Gurgaon, $256M)
FreeCharge
(2010, Gurgaon, $117M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
POS Payment Terminals - India
05
13
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$1.0B (▲984%)
9(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.7B
17
-
67
7
Payments (PhonePe)
(# Cos: 1277 | $14.2B)
Business Payments (Razorpay)
(# Cos: 650 | $4.0B)
POS Payments (Mswipe)
(# Cos: 96 | $1.7B)
POS Payment Terminal (Pine Labs)
(# Cos: 67 | $1.7B)
Pine Labs
(1998, Noida, $1.4B)
Mswipe
(2011, Mumbai, $105M)
Innoviti
(2008, Bangalore, $41.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pine Labs (1998, Noida)
$600M - Series E - Jul 2021
Pine Labs (1998, Noida)
$285M - Series D - May 2021
Pine Labs (1998, Noida)
$100M - Series E - Sep 2021
Pine Labs (1998, Noida)
$46.5M - Series D - Dec 2020
Innoviti (2008, Bangalore)
$5.6M - Series C - Mar 2021
Ezetap (2011, Bangalore)
$2.1M - Series C - Jun 2021
Payswiff (2013, Hyderabad)
$1.9M - Series A - Mar 2021
View all 9 Funding Rounds on Tracxn Platform

14. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Marketplace for Drugs - India
06
14
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$806M (▲2167%)
8(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$1.5B
33
-
558
3
Healthcare Booking Platforms (1mg)
(# Cos: 3406 | $3.0B)
Pharmacies (Medlife)
(# Cos: 1015 | $1.8B)
Drugs (Netmeds.com)
(# Cos: 581 | $1.5B)
Diversified (PharmEasy)
(# Cos: 558 | $1.5B)
PharmEasy
(2015, Mumbai, $1.1B)
Netmeds.com
(2015, Chennai, $109M)
Medlife
(2014, Bangalore, $90.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PharmEasy (2015, Mumbai)
$300M - Series D - Jun 2021
PharmEasy (2015, Mumbai)
$227M - Series E - Oct 2021
PharmEasy (2015, Mumbai)
$163M - Series D - Apr 2021
PharmEasy (2015, Mumbai)
$66.4M - Series D - Feb 2021
PharmEasy (2015, Mumbai)
$44.5M - Series D - Jun 2021
Pocketpills (2018, Gurgaon)
$23.7M - Series B - Mar 2021
Truemeds (2018, Mumbai)
$5.0M - Series A - Mar 2021
View all 8 Funding Rounds on Tracxn Platform

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Fantasy Sports Platforms - India
07
15
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$673M (▲111%)
9(▲12.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.2B
17
-
90
5
Sports Tech (Sports Flashes)
(# Cos: 1036 | $1.4B)
Fantasy Sports (Games24x7)
(# Cos: 334 | $1.2B)
Online Platforms (MPL)
(# Cos: 294 | $1.2B)
Multi Sports (Dream11)
(# Cos: 90 | $1.2B)
Dream11
(2008, Mumbai, $785M)
MPL
(2018, Bangalore, $389M)
Games24x7
(2006, Mumbai, $32.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dream11 (2008, Mumbai)
$400M - Series F - Mar 2021
MPL (2018, Bangalore)
$150M - Series E - Sep 2021
MPL (2018, Bangalore)
$98.4M - Series D - Feb 2021
Games24x7 (2006, Mumbai)
$18.1M - Series B - Jun 2021
Fantasy Akhada (2020, Gurgaon)
$2.4M - Seed - Sep 2021
Rage Fan (2021)
$1.6M - Seed - Mar 2021
HalaPlay (2016, Bangalore)
$1.2M - Angel - May 2021
View all 9 Funding Rounds on Tracxn Platform

16. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Working Capital Loans
Marketplaces - India
08
16
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$532M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$629M
5
-
12
2
Alternative Lending (MoneyTap)
(# Cos: 1087 | $4.9B)
Online Lenders (Rupeek)
(# Cos: 756 | $4.5B)
Business Loans (FlexiLoans)
(# Cos: 169 | $2.0B)
Working Capital Loans (Progcap)
(# Cos: 16 | $648M)
Marketplace (OfBusiness)
(# Cos: 12 | $629M)
OfBusiness
(2015, Gurgaon, $567M)
Progcap
(2016, Delhi, $61.1M)
Aagey
(2017, Bangalore, $446K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OfBusiness (2015, Gurgaon)
$207M - Series F - Sep 2021
OfBusiness (2015, Gurgaon)
$160M - Series E - Jul 2021
OfBusiness (2015, Gurgaon)
$110M - Series D - Mar 2021
Progcap (2016, Delhi)
$30.0M - Series C - Sep 2021
Progcap (2016, Delhi)
$25.0M - Series B - Jun 2021
Progcap (2016, Delhi)
$143K - Series A - Jan 2021

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Professional Learning Courses -
India
09
17
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$515M (▲ >10K%)
14(▲367%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$598M
44
-
614
4
Continued Learning (Great Learning)
(# Cos: 2494 | $1.6B)
Professional (Edureka)
(# Cos: 1791 | $1.5B)
Online Learning (Eruditus)
(# Cos: 1754 | $1.5B)
Multi Disciplinary (upGrad)
(# Cos: 674 | $603M)
Online Courses (Simplilearn)
(# Cos: 614 | $598M)
Simplilearn
(2010, Bangalore, $71.2M)
upGrad
(2015, Mumbai, $477M)
Great Learning
(2013, Gurgaon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
upGrad (2015, Mumbai)
$185M - Series E - Aug 2021
upGrad (2015, Mumbai)
$120M - Series D - Apr 2021
upGrad (2015, Mumbai)
$103M - Series E - May 2021
upGrad (2015, Mumbai)
$40.0M - Series D - Apr 2021
Simplilearn (2010, Bangalore)
$36.0M - Series D - Aug 2021
upGrad (2015, Mumbai)
$29.0M - Series E - Jul 2021
Simplilearn (2010, Bangalore)
$1.3M - Series C - Jan 2021
View all 14 Funding Rounds on Tracxn Platform

18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Car Ride Hailing - India
10
18
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$500M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$4.0B
15
-
286
2
Road Transport Tech (LocoNav)
(# Cos: 2095 | $5.9B)
Ride Hailing (Rapido)
(# Cos: 715 | $4.3B)
Cars (Blu Smart)
(# Cos: 619 | $4.0B)
Taxi (Gozocabs)
(# Cos: 558 | $4.0B)
Intracity (Meru)
(# Cos: 386 | $4.0B)
Aggregator (Ola)
(# Cos: 286 | $4.0B)
Ola
(2010, Bangalore, $3.8B)
Meru
(2007, Mumbai, $135M)
Blu Smart
(2018, Ahmedabad, $40.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ola (2010, Bangalore)
$500M - Series J - Jul 2021
Blu Smart (2018, Ahmedabad)
$25.2M - Series A - Aug 2021

19. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Credit Card Bill Payments - India
11
19
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$466M (▲475%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$703M
2
-
4
1
Payments (Razorpay)
(# Cos: 1277 | $14.2B)
Consumer Payments (PhonePe)
(# Cos: 552 | $9.9B)
Vertical Payments (Niki)
(# Cos: 307 | $732M)
Bill Payments (Walnut)
(# Cos: 275 | $722M)
Credit Cards (CRED)
(# Cos: 4 | $703M)
CRED
(2018, Bangalore, $694M)
Walnut
(2014, Pune, $9.4M)
Wizi
(2019, Chennai)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CRED (2018, Bangalore)
$251M - Series E - Oct 2021
CRED (2018, Bangalore)
$215M - Series D - Apr 2021

20. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
BharatPe (2018, Bangalore)
$370M - Series E - Jul 2021
BharatPe (2018, Bangalore)
$90.1M - Series D - Feb 2021
QR Code Payments - India
12
20
Back to index
Payments (PhonePe)
(# Cos: 1277 | $14.2B)
Business Payments (Razorpay)
(# Cos: 650 | $4.0B)
QR Code Payments (BharatPe)
(# Cos: 6 | $618M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$460M (▲513%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$618M
2
-
6
1
BharatPe
(2018, Bangalore, $617M)
Trupay
(2015, Gurgaon, $1.0M)
CU Pays
(2017, Mohali)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Used Cars Outright Buyers - India
13
21
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$453M (▲9098%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$530M
1
-
6
1
Auto E-Commerce & Content (Acko)
(# Cos: 1048 | $3.4B)
Second Hand Vehicles (CarTrade)
(# Cos: 178 | $2.5B)
Cars (CarDekho)
(# Cos: 117 | $2.3B)
Outright Buyer (Spinny)
(# Cos: 6 | $530M)
Spinny
(2015, Delhi, $530M)
Gaadi.com
(2008, Jaipur)
Driveo
(2015, Delhi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Spinny (2015, Delhi)
$280M - Series E - Nov 2021
Spinny (2015, Delhi)
$108M - Series D - Jul 2021
Spinny (2015, Delhi)
$65.0M - Series C - Mar 2021
Spinny (2015, Delhi)
$58.5K - Series B - Feb 2021

22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Real Money eSports Gaming Platforms -
India
14
22
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$391M (▲210%)
20(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$646M
22
-
124
5
eSports (Nazara)
(# Cos: 247 | $819M)
eSports Platforms (GetMega)
(# Cos: 193 | $651M)
Competitive Gaming (WinZO)
(# Cos: 182 | $650M)
Real Money Gaming (MPL)
(# Cos: 124 | $646M)
MPL
(2018, Bangalore, $389M)
WinZO
(2016, Delhi, $92.7M)
GetMega
(2018, Bangalore, $9.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MPL (2018, Bangalore)
$150M - Series E - Sep 2021
MPL (2018, Bangalore)
$98.4M - Series D - Feb 2021
WinZO (2016, Delhi)
$65.0M - Series C - Apr 2021
Zupee (2018, Gurgaon)
$31.0M - Series B - Aug 2021
Zupee (2018, Gurgaon)
$30.0M - Series B - Aug 2021
Zupee (2018, Gurgaon)
$10.0M - Series A - Jan 2021
Tamasha (2020, Mumbai)
$3.0M - Seed - Oct 2021
View all 20 Funding Rounds on Tracxn Platform

23. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Crypto Exchanges - India
15
23
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$390M (▲1498%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$426M
10
-
143
4
Cryptocurrencies (Mudrex)
(# Cos: 385 | $479M)
Financial Services (Unocoin)
(# Cos: 294 | $477M)
Investment Industry (CoinDCX)
(# Cos: 225 | $447M)
Crypto Exchanges (CoinSwitch)
(# Cos: 143 | $426M)
CoinSwitch
(2017, Bangalore, $302M)
CoinDCX
(2018, Mumbai, $112M)
Unocoin
(2013, Bangalore, $6.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CoinSwitch (2017, Bangalore)
$260M - Series C - Oct 2021
CoinDCX (2018, Mumbai)
$90.0M - Series C - Jun 2021
CoinSwitch (2017, Bangalore)
$25.0M - Series B - Apr 2021
CoinSwitch (2017, Bangalore)
$15.0M - Series A - Jan 2021

24. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Rollups - India
16
24
Back to index
Brands Tech (Bijnis)
(# Cos: 82 | $820M)
Tech First Ecommerce Brand Acquirers (Mensa
Brands)
(# Cos: 8 | $403M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$360M ( -- )
10( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$403M
7
-
8
5
Mensa Brands
(2021, Bangalore, $186M)
Global Bees
(2003, $75.0M)
G.O.A.T Brand Labs
(2021, Bangalore, $56.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mensa Brands (2021, Bangalore)
$135M - Series B - Oct 2021
Global Bees (2003)
$75.0M - Series A - Jul 2021
Mensa Brands (2021, Bangalore)
$50.0M - Series A - May 2021
UpScalio (2021, Gurgaon)
$42.5M - Series A - Aug 2021
10club (2020, Bangalore)
$40.0M - Seed - Jun 2021
G.O.A.T Brand Labs (2021, Bangalore)
$36.0M - Series A - Jul 2021
G.O.A.T Brand Labs (2021, Bangalore)
$20.0M - Series A - May 2021
View all 10 Funding Rounds on Tracxn Platform

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Gupshup (2004, Mumbai)
$240M - Series F - Jul 2021
Gupshup (2004, Mumbai)
$100M - Series F - Apr 2021
E42 (2012, Pune)
$5.4M - Series A - Oct 2021
Conversation AI Platforms - India
17
25
Back to index
AI Infrastructure (HyperVerge)
(# Cos: 161 | $462M)
Natural Language Processing (Niki)
(# Cos: 41 | $424M)
Conversational AI (Gupshup)
(# Cos: 20 | $419M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$345M (▲ >10K%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$419M
5
-
20
3
Gupshup
(2004, Mumbai, $390M)
Niki
(2015, Bangalore, $11.0M)
Haptik
(2013, Mumbai, $12.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
C2B Used Cars Marketplaces - India
18
26
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$342M (▲68.5%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$749M
3
-
3
1
Auto E-Commerce & Content (Acko)
(# Cos: 1048 | $3.4B)
Second Hand Vehicles (CarTrade)
(# Cos: 178 | $2.5B)
Cars (CarDekho)
(# Cos: 117 | $2.3B)
C2B Marketplace (CARS24)
(# Cos: 3 | $749M)
CARS24
(2015, Gurgaon, $746M)
BlueJack
(2015, Delhi, $2.3M)
Carbiqi
(2015, Ghaziabad)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CARS24 (2015, Gurgaon)
$342M - Series F - Sep 2021

27. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Gupshup (2004, Mumbai)
$240M - Series F - Jul 2021
Gupshup (2004, Mumbai)
$100M - Series F - Apr 2021
E42 (2012, Pune)
$5.4M - Series A - Oct 2021
Conversational AI Development - India
19
27
Back to index
Chatbots (Wysa)
(# Cos: 476 | $638M)
Chatbot Development (Saarthi)
(# Cos: 75 | $396M)
Conversational AI Development
(Gupshup)
(# Cos: 69 | $396M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$340M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$396M
8
-
69
2
Gupshup
(2004, Mumbai, $390M)
Innoz
(2008, Bangalore)
PinBot
(2017, Nagpur)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

28. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online Eyewear Retailer - India
20
28
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$319M (▲16.1%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$798M
3
-
33
1
Fashion Tech (Zivame)
(# Cos: 3965 | $2.6B)
B2C Commerce (Myntra)
(# Cos: 3644 | $2.5B)
Accessories (BlueStone)
(# Cos: 845 | $1.1B)
Eyewear (ClearDekho)
(# Cos: 55 | $812M)
Inventory-led (EyeMyEye)
(# Cos: 33 | $798M)
Retailer (Lenskart)
(# Cos: 33 | $798M)
Lenskart
(2010, Delhi, $793M)
EyeMyEye
(2021, Gurgaon, $4.4M)
Cool Winks
(2016, Gurgaon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lenskart (2010, Delhi)
$220M - Series G - Jul 2021
Lenskart (2010, Delhi)
$95.0M - Series G - May 2021
EyeMyEye (2021, Gurgaon)
$2.9M - Seed - Nov 2021
EyeMyEye (2021, Gurgaon)
$1.5M - Seed - Jun 2021

29. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
udaan (2016, Bangalore)
$280M - Series D - Jan 2021
Beldara (2014, Mumbai)
$7.4M - Series A - Mar 2021
Anar Technologies (2019, Mumbai)
$6.2M - Seed - Sep 2021
Bzaar (2020, Bangalore)
$4.0M - Seed - Sep 2021
GramFactory (2018, Gurgaon)
$2.8M - Series A - May 2021
Kirana247.com (2017, Delhi)
$1.0M - Seed - Aug 2021
konnectbox (2017, Mumbai)
$161K - Angel - Jul 2021
View all 9 Funding Rounds on Tracxn Platform
B2B E-Commerce > Horizontal >
Marketplace - India
21
29
Back to index
B2B E-Commerce (WayCool)
(# Cos: 1303 | $3.6B)
Horizontal (IndiaMART)
(# Cos: 267 | $1.5B)
Marketplace (udaan)
(# Cos: 133 | $1.3B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$298M (▲884%)
9(▲80%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.3B
28
1
133
1
udaan
(2016, Bangalore, $1.2B)
IndiaMART
(1996, Noida, $35.3M)
Anar Technologies
(2019, Mumbai, $6.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Contract Manufacturer Marketplace -
India
22
30
Back to index
Manufacturing Tech (Moglix)
(# Cos: 392 | $702M)
Contract Manufacturer Marketplace (Zetwerk)
(# Cos: 16 | $347M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$273M (▲333%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$347M
3
-
16
2
Zetwerk
(2018, Bangalore, $344M)
VenWiz
(2020, Bangalore, $3.1M)
Schrocken
(2018, Hyderabad)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zetwerk (2018, Bangalore)
$150M - Series E - Aug 2021
Zetwerk (2018, Bangalore)
$120M - Series D - Feb 2021
VenWiz (2020, Bangalore)
$3.1M - Seed - Dec 2020

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
B2B E-Commerce > Services > Manufacturing >
Marketplace - India
23
31
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$270M (▲329%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$344M
1
-
1
1
B2B E-Commerce (udaan)
(# Cos: 1303 | $3.6B)
Services (PrintVenue)
(# Cos: 68 | $354M)
Manufacturing (Makesumo)
(# Cos: 3 | $344M)
Marketplace (Zetwerk)
(# Cos: 1 | $344M)
Zetwerk
(2018, Bangalore, $344M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zetwerk (2018, Bangalore)
$150M - Series E - Aug 2021
Zetwerk (2018, Bangalore)
$120M - Series D - Feb 2021

32. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Online B2C Meat Retailer - India
24
32
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$268M (▲718%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$379M
8
-
120
4
Online Grocery (Grofers)
(# Cos: 2926 | $3.1B)
B2C Ecommerce (bigbasket)
(# Cos: 2605 | $2.5B)
Meat and Seafood (FreshToHome Foods)
(# Cos: 147 | $531M)
Retailer (TenderCuts)
(# Cos: 138 | $379M)
Meat (Licious)
(# Cos: 120 | $379M)
Licious
(2015, Bangalore, $338M)
TenderCuts
(2016, Chennai, $19.3M)
ZappFresh
(2015, Gurgaon, $9.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Licious (2015, Bangalore)
$192M - Series F - Jun 2021
Licious (2015, Bangalore)
$52.0M - Series G - Oct 2021
TenderCuts (2016, Chennai)
$15.0M - Series A - Feb 2021
Fipola (2016, Chennai)
$6.7M - Series A - Mar 2021
Fipola (2016, Chennai)
$2.3M - Angel - Feb 2021

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Shipping and Fulfillment
Software - India
25
33
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$263M (▲1519%)
12(▲140%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$353M
26
-
107
5
E-Commerce Enablers (LetsTransport)
(# Cos: 1168 | $3.2B)
Operations Management (Ecom Express)
(# Cos: 221 | $2.4B)
Logistics Management (Delhivery)
(# Cos: 124 | $2.4B)
Shipping and Fulfillment Enablers
(ShipRocket)
(# Cos: 107 | $353M)
ShipRocket
(2012, Delhi, $287M)
Unicommerce
(2012, Gurgaon, $11.1M)
Holisol Logistics
(2009, Delhi, $22.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ShipRocket (2012, Delhi)
$185M - Series E - Nov 2021
ShipRocket (2012, Delhi)
$41.3M - Series D - Jul 2021
ShipRocket (2012, Delhi)
$27.0M - Series C - Feb 2021
ShipRocket (2012, Delhi)
$7.5M - Series C - Dec 2020
Shipway (2015, Gurgaon)
$2.4M - Seed - Apr 2021
Stackbox (2015, Hyderabad)
$1.2M - Seed - Jan 2021
Prozo (2014, Noida)
$1.1M - Seed - Apr 2021
View all 12 Funding Rounds on Tracxn Platform

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Electric Scooter Manufacturers - India
26
34
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$261M (▲422%)
8(▲14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$857M
17
1
80
5
Electric Vehicles (Yulu)
(# Cos: 723 | $1.3B)
Automaker (Hero Electric)
(# Cos: 428 | $1.0B)
Two Wheelers (Ola Electric)
(# Cos: 134 | $898M)
Scooters (Ather Energy)
(# Cos: 80 | $857M)
Ather Energy
(2013, Bangalore, $158M)
Ola Electric
(2017, Bangalore, $526M)
Hero Electric
(2007, Gurgaon, $71.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ola Electric (2017, Bangalore)
$200M - Series B - Sep 2021
Hero Electric (2007, Gurgaon)
$29.5M - Series B - Jul 2021
Simple Energy (2019, Bangalore)
$21.0M - Seed - Nov 2021
Simple Energy (2019, Bangalore)
$7.7M - Seed - Aug 2021
kWh Bikes (2020, Bangalore)
$2.0M - Seed - Jul 2021
Simple Energy (2019, Bangalore)
$685K - Angel - May 2021
Okinawa Scooters (2015, Gurgaon)
$14 - Seed - May 2021
View all 8 Funding Rounds on Tracxn Platform

35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Urban Company (2014, Gurgaon)
$255M - Series F - Apr 2021
Online Consumer Services Providers -
India
27
35
Back to index
Local Services (LivSpace)
(# Cos: 4056 | $1.9B)
Multi Services (Justdial)
(# Cos: 1158 | $774M)
Own Fleet (Urban Company)
(# Cos: 48 | $502M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$255M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$502M
6
-
48
2
Urban Company
(2014, Gurgaon, $470M)
Housejoy
(2014, Bangalore, $30.4M)
Sayfix
(2015, Bangalore, $160K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Acko (2016, Mumbai)
$255M - Series D - Oct 2021
Internet First Auto Insurers - India
28
36
Back to index
Auto E-Commerce & Content (CarDekho)
(# Cos: 1048 | $3.4B)
Insurance (RenewBuy)
(# Cos: 16 | $614M)
Internet First Insurer (Acko)
(# Cos: 3 | $512M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$255M (▲324%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$512M
1
-
3
1
Acko
(2016, Mumbai, $512M)
Tranzlease
(2006, Mumbai)
LocoInsure
(2019, Delhi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Auto Insurers - India
29
37
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$255M (▲324%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$512M
1
-
2
1
Internet First Insurance Platforms (Policybazaar)
(# Cos: 224 | $2.1B)
Internet First Insurers (Digit Insurance)
(# Cos: 37 | $1.1B)
P&C (Onsitego)
(# Cos: 22 | $613M)
Auto (Acko)
(# Cos: 2 | $512M)
Acko
(2016, Mumbai, $512M)
LocoInsure
(2019, Delhi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Acko (2016, Mumbai)
$255M - Series D - Oct 2021

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Banking Software Suite - India
30
38
Back to index
Banking Tech (Cashfree)
(# Cos: 590 | $1.8B)
Banking Software Suite (Zeta)
(# Cos: 86 | $346M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$250M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$346M
11
6
86
1
Zeta
(2015, Bangalore, $320M)
InfrasoftTech
(1995, Mumbai, $24.7M)
3i Infotech
(1993, Mumbai)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zeta (2015, Bangalore)
$250M - Series C - May 2021

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Credit Cards - India
31
39
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$247M (▲372%)
5( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$355M
6
-
13
3
Payments (Razorpay)
(# Cos: 1277 | $14.2B)
Consumer Payments (PhonePe)
(# Cos: 552 | $9.9B)
Payment Cards (FamPay)
(# Cos: 66 | $488M)
Credit Cards (slice)
(# Cos: 23 | $384M)
General Purpose (MoneyTap)
(# Cos: 13 | $355M)
MoneyTap
(2015, Bangalore, $40.3M)
slice
(2016, Bangalore, $281M)
OneCard
(2019, Pune, $15.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
slice (2016, Bangalore)
$220M - Series B - Nov 2021
slice (2016, Bangalore)
$20.0M - Series A - Jun 2021
slice (2016, Bangalore)
$6.3M - Series A - Aug 2021
Galaxycard (2017, Gurgaon)
$450K - Seed - Apr 2021
Uni Cards (2020, Bangalore)
$316K - Series B - Feb 2021

40. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Salon Management Software - India
32
40
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$240M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$331M
2
-
59
1
Beauty Tech (Nykaa)
(# Cos: 922 | $1.2B)
Tech Enablers (GlamAR)
(# Cos: 69 | $331M)
Salons IT (Glamplus)
(# Cos: 65 | $331M)
Suite (Zenoti)
(# Cos: 59 | $331M)
Zenoti
(2010, Hyderabad, $331M)
Glamplus
(2020, Bangalore, $274K)
Markmydiary
(2015, Pune)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zenoti (2010, Hyderabad)
$160M - Series D - Dec 2020
Zenoti (2010, Hyderabad)
$80.0M - Series D - Jun 2021
Glamplus (2020, Bangalore)
$274K - Series A - May 2021

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Salon Management Software - India
33
41
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$240M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$331M
2
-
62
1
SME Business Management Software (Spyne)
(# Cos: 276 | $340M)
Leisure (BookyWay)
(# Cos: 147 | $331M)
Salon & Spa (Glamplus)
(# Cos: 74 | $331M)
Suite (Zenoti)
(# Cos: 62 | $331M)
Zenoti
(2010, Hyderabad, $331M)
Glamplus
(2020, Bangalore, $274K)
Markmydiary
(2015, Pune)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zenoti (2010, Hyderabad)
$160M - Series D - Dec 2020
Zenoti (2010, Hyderabad)
$80.0M - Series D - Jun 2021
Glamplus (2020, Bangalore)
$274K - Series A - May 2021

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Digit Insurance (2016, Bangalore)
$200M - Series C - Jul 2021
Digit Insurance (2016, Bangalore)
$18.5M - Series C - Jan 2021
Digit Insurance (2016, Bangalore)
$16.3M - Series C - Aug 2021
SafeTree (2020, Delhi)
$1.0M - Angel - Sep 2021
SafeTree (2020, Delhi)
$68.6K - Angel - Mar 2021
Internet First Insurers - India
34
42
Back to index
Internet First Insurance Platforms (Policybazaar)
(# Cos: 224 | $2.1B)
Internet First Insurers (Acko)
(# Cos: 37 | $1.1B)
Diversified (Digit Insurance)
(# Cos: 7 | $450M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$235M (▲161%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$450M
3
-
7
2
Digit Insurance
(2016, Bangalore, $442M)
Toffee
(2017, Gurgaon, $7.1M)
DHFL General Insurance
(2016, Mumbai)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

43. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Used Cars Listing Platforms - India
35
43
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$231M (▲438%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$952M
6
-
71
2
Auto E-Commerce & Content (Acko)
(# Cos: 1048 | $3.4B)
Second Hand Vehicles (CARS24)
(# Cos: 178 | $2.5B)
Cars (CarTrade)
(# Cos: 117 | $2.3B)
Listings (CarDekho)
(# Cos: 71 | $952M)
CarDekho
(2008, Jaipur, $570M)
CarTrade
(2009, Mumbai, $328M)
CarWale
(2005, Mumbai, $9.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CarDekho (2008, Jaipur)
$200M - Series E - Oct 2021
CarTrade (2009, Mumbai)
$30.9M - Series H - Apr 2021

44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Eightfold (2016, Noida)
$220M - Series E - Jun 2021
Superset (2016, Bangalore)
$1.2M - Seed - Jan 2021
Zwayam (2015, Bangalore)
$543K - Seed - Dec 2020
ZappyHire (2018, Kochi)
$494K - Seed - Nov 2021
Reculta (2017, Noida)
$98.8K - Seed - Jul 2021
TurboHire (2018, Hyderabad)
Undisclosed - Angel - Nov 2021
Hyreo (2013, Thiruvananthapuram)
Undisclosed - Seed - Jul 2021
Applicant Tracking System - India
36
44
Back to index
HRTech (Apna)
(# Cos: 4594 | $1.7B)
Applicant Tracking System (IDfy)
(# Cos: 542 | $545M)
Suite (Eightfold)
(# Cos: 231 | $434M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$221M (▲75.3%)
7(▲40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$434M
25
-
231
3
Eightfold
(2016, Noida, $410M)
Superset
(2016, Bangalore, $1.5M)
Springworks
(2019, Bangalore, $1.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Commercial Real Estate Listings - India
37
45
Back to index
Commercial Real Estate Tech (Awfis)
(# Cos: 731 | $577M)
Listings (NoBroker)
(# Cos: 224 | $366M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$210M (▲600%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$366M
7
-
224
1
NoBroker
(2014, Bangalore, $363M)
360 Realtors LLP
(2005, Gurgaon)
GharOffice
(2018, Jaipur)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
NoBroker (2014, Bangalore)
$210M - Series E - Nov 2021

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
NoBroker (2014, Bangalore)
$210M - Series E - Nov 2021
Peer to Peer Residential Real Estate
Listings - India
38
46
Back to index
Residential Real Estate Tech (Square Yards)
(# Cos: 857 | $1.4B)
Listings (Housing)
(# Cos: 470 | $631M)
P2P (NoBroker)
(# Cos: 14 | $363M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$210M (▲600%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$363M
2
-
14
1
NoBroker
(2014, Bangalore, $363M)
Cirtru
(2014, Mumbai, $90.6K)
Room Rent Guru
(2015, Jaipur)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Katerra (2015, Bangalore)
$200M - Series D - Dec 2020
Flipspaces (2011, Mumbai)
$2.0M - Series A - Jun 2021
Tech Enabled Construction Contractors -
India
39
47
Back to index
Construction Tech (OfBusiness)
(# Cos: 509 | $3.1B)
Project Management (Infra.Market)
(# Cos: 161 | $2.5B)
Tech First Construction Contractors
(Katerra)
(# Cos: 4 | $2.2B)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$202M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.2B
3
-
4
2
Katerra
(2015, Bangalore, $2.1B)
Flipspaces
(2011, Mumbai, $5.5M)
Prithu Homes
(2015, Delhi, $9.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Policybazaar (2008, Gurgaon)
$75.0M - Series F - Mar 2021
Turtlemint (2015, Mumbai)
$46.0M - Series D - Mar 2021
RenewBuy (2014, Gurgaon)
$45.0M - Series C - Jun 2021
RenewBuy (2014, Gurgaon)
$10.0M - Series C - Aug 2021
Symbo Insurance (2017, Mumbai)
$9.4M - Series A - Mar 2021
Gramcover (2015, Noida)
$7.0M - Series A - Oct 2021
Probus Insurance (2011, Mumbai)
$6.7M - Series A - Dec 2021
View all 10 Funding Rounds on Tracxn Platform
Insurance Comparison Platforms - India
40
48
Back to index
Internet First Insurance Platforms (Acko)
(# Cos: 224 | $2.1B)
Insurance Comparison Platforms (RenewBuy)
(# Cos: 147 | $972M)
Diversified (Policybazaar)
(# Cos: 123 | $972M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$192M (▲97.3%)
10(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$972M
24
1
123
4
Policybazaar
(2008, Gurgaon, $637M)
RenewBuy
(2014, Gurgaon, $89.7M)
Turtlemint
(2015, Mumbai, $130M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Beauty and Personal Care Products
Marketplaces - India
41
49
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$185M (▲411%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$241M
1
-
6
1
Beauty Tech (Zenoti)
(# Cos: 922 | $1.2B)
Ecommerce (Plum)
(# Cos: 535 | $863M)
Multi Category (Mamaearth)
(# Cos: 264 | $719M)
Full Range (Nykaa)
(# Cos: 134 | $463M)
Marketplace (Purplle)
(# Cos: 6 | $241M)
Purplle
(2011, Mumbai, $241M)
YincMall
(2016, Bangalore)
Cosmetic Bazaar
(2016, Sonipat)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Purplle (2011, Mumbai)
$75.0M - Series D - Oct 2021
Purplle (2011, Mumbai)
$65.0M - Series D - Nov 2021
Purplle (2011, Mumbai)
$45.0M - Series D - Mar 2021

50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Apna (2019, Bangalore)
$100M - Series C - Sep 2021
Apna (2019, Bangalore)
$70.0M - Series B - Jun 2021
Apna (2019, Bangalore)
$12.5M - Series A - Mar 2021
WorkIndia (2015, Mumbai)
$25.7K - Series A - Dec 2020
Blue Collar Job Boards - India
42
50
Back to index
HRTech (DarwinBox)
(# Cos: 4594 | $1.7B)
Job Board (WorkIndia)
(# Cos: 1684 | $289M)
Blue Collar (Apna)
(# Cos: 95 | $249M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$183M (▲1155%)
4(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$249M
20
1
95
3
Apna
(2019, Bangalore, $194M)
WorkIndia
(2015, Mumbai, $11.5M)
TeamLease
(2002, Bangalore, $27.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Teachmint (2020, Bangalore)
$78.0M - Series B - Oct 2021
Classplus (2015, Noida)
$65.0M - Series C - Jun 2021
Teachmint (2020, Bangalore)
$20.0M - Series A - Jul 2021
Teachmint (2020, Bangalore)
$16.5M - Series A - Apr 2021
Edmingle (2016, Bangalore)
$300K - Seed - Jun 2021
Virtual Classroom For Tutors - India
43
51
Back to index
K-12 EdTech (Unacademy)
(# Cos: 5104 | $6.2B)
Business Management Software for Tutors
(Teachmint)
(# Cos: 50 | $209M)
Virtual Classroom (Classplus)
(# Cos: 14 | $209M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$180M (▲613%)
5(▼44.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$209M
5
-
14
3
Classplus
(2015, Noida, $88.4M)
Teachmint
(2020, Bangalore, $118M)
Winuall
(2015, Bangalore, $2.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Razorpay (2014, Bangalore)
$160M - Series E - Apr 2021
Sifipay (2020, Kolkata)
$5.0M - Seed - Feb 2021
PayGlocal (2021, Bangalore)
$4.9M - Series A - Apr 2021
Nimbbl (2020, Mumbai)
$1.5M - Seed - Jul 2021
Salt (Bangalore)
$500K - Seed - Oct 2021
Nimbbl (2020, Mumbai)
$82.4K - Seed - Mar 2021
Razorpay (2014, Bangalore)
Undisclosed - Series E - Sep 2021
Online Business Payments - India
44
52
Back to index
Payments (PhonePe)
(# Cos: 1277 | $14.2B)
Business Payments (Pine Labs)
(# Cos: 650 | $4.0B)
Online Payments (Razorpay)
(# Cos: 150 | $459M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$165M (▲30.7%)
7(▼12.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$459M
27
-
150
9
Razorpay
(2014, Bangalore, $367M)
JusPay
(2012, Bangalore, $27.7M)
Ftcash
(2015, Mumbai, $9.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Natural Beauty and Personal Care
Products Brands - India
45
53
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$158M (▲257%)
12(▲9.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$255M
23
-
113
6
Beauty Tech (Zenoti)
(# Cos: 922 | $1.2B)
Ecommerce (Purplle)
(# Cos: 535 | $863M)
Multi Category (Nykaa)
(# Cos: 264 | $719M)
Organic (Plum)
(# Cos: 130 | $256M)
Internet First Brand (Mamaearth)
(# Cos: 113 | $255M)
Mamaearth
(2016, Gurgaon, $73.6M)
Plum
(2013, Mumbai, $16.8M)
Juicy Chemistry
(2014, Coimbatore, $7.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BuyWOW (2016, Bangalore)
$50.0M - Series C - Apr 2021
Mamaearth (2016, Gurgaon)
$50.0M - Series C - Jul 2021
Body Cupid (2016, Bangalore)
$48.1M - Series B - Mar 2021
Juicy Chemistry (2014, Coimbatore)
$6.3M - Series A - Mar 2021
The Ayurveda Experience (2010, Delhi)
$4.3M - Series A - May 2021
Pilgrim (2019, Mumbai)
$1.8M - Series A - Jun 2021
Just Herbs (2002, Haryana)
$1.3M - Seed - Jul 2021
View all 12 Funding Rounds on Tracxn Platform

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Internet First Personal Loans
Marketplace - India
46
54
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$158M (▲1800%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$341M
25
-
106
7
Alternative Lending (Simpl)
(# Cos: 1087 | $4.9B)
Online Lenders (MoneyTap)
(# Cos: 756 | $4.5B)
Consumer Loans (Rupeek)
(# Cos: 413 | $1.7B)
Personal Loans (Money View)
(# Cos: 159 | $542M)
Marketplace (KreditBee)
(# Cos: 106 | $341M)
KreditBee
(2018, Bangalore, $204M)
Money View
(2014, Bangalore, $48.5M)
CASHe
(2016, Mumbai, $23.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
KreditBee (2018, Bangalore)
$75.0M - Series C - Feb 2021
KreditBee (2018, Bangalore)
$70.0M - Series C - Mar 2021
LendenClub (2014, Mumbai)
$10.0M - Series A - Dec 2021
KreditBee (2018, Bangalore)
$8.2M - Series C - Jun 2021
MyShubhLife (2016, Bangalore)
$4.0M - Series A - Feb 2021
Credilio (2020, Mumbai)
$718K - Seed - Apr 2021
SaveIN (2020, Delhi)
$165K - Angel - May 2021

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Parcel Delivery Management - India
47
55
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$150M (▲239%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$245M
5
-
74
3
Logistics Tech (Delhivery)
(# Cos: 2475 | $4.8B)
Parcel (Shadowfax)
(# Cos: 557 | $639M)
Technology Enablers (Locus)
(# Cos: 76 | $245M)
Delivery Management (Shipsy)
(# Cos: 74 | $245M)
Shipsy
(2015, Gurgaon, $7.9M)
Locus
(2014, Bangalore, $82.5M)
FarEye
(2013, Noida, $153M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FarEye (2013, Noida)
$100M - Series E - May 2021
Locus (2014, Bangalore)
$50.0M - Series C - May 2021

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Administrative Solutions >
Business and Market Intelligence > Market Intelligence -
India
48
56
Back to index
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$150M (▲ >10K%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$210M
3
-
8
1
Healthcare IT (CitiusTech)
(# Cos: 2473 | $1.6B)
Provider (Practo)
(# Cos: 2112 | $974M)
Administrative Solutions (Medikabazaar)
(# Cos: 733 | $426M)
Business and Market Intelligence
(Doceree)
(# Cos: 25 | $210M)
Market Intelligence (Axtria)
(# Cos: 8 | $210M)
Axtria
(2010, Noida, $209M)
Doceree
(2018, Delhi, $1.0M)
lyMbyc
(2012, Bangalore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Axtria (2010, Noida)
$150M - Series D - May 2021
Doceree (2018, Delhi)
Undisclosed - Seed - Jun 2021

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Axtria (2010, Noida)
$150M - Series D - May 2021
Big Data Analytics for Healthcare - India
49
57
Back to index
Big Data Analytics (ThoughtSpot)
(# Cos: 225 | $1.3B)
Industry Solutions (Manthan)
(# Cos: 58 | $373M)
Healthcare (Axtria)
(# Cos: 3 | $209M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$150M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$209M
2
-
3
1
Axtria
(2010, Noida, $209M)
Enlightiks
(2012, Bangalore)
B3-DS DIGITAL SOLUTIONS
(2015, Delhi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
Recent Funding Rounds
Sales & Marketing Solutions - India
50
58
Back to index
Life Sciences Tech (Strand Life Sciences)
(# Cos: 279 | $391M)
Sales & Marketing (Axtria)
(# Cos: 23 | $209M)
Taxonomy
$ Invested in last 1 year in India Tech
Key Stats
# Funding Rounds in last 1 year in India
Tech
$150M (▲ >10K%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$209M
2
-
23
1
Axtria
(2010, Noida, $209M)
Value Edge
(2009, Jabalpur)
Spine Software Systems
(2013, Zirakpur)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Axtria (2010, Noida)
$150M - Series D - May 2021

59. India Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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61. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
India Tech - Top Business Models Report
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