Investors pump $160.8 million in Indian startups across 33 deals in the third week of January

26th Jan 2016
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Thirty three startups raised funding in the third week of January. 19 startups have disclosed the amount they have raised and the amount stood at $160.8 million. 16 startups raised Pre-Series A round of funding, while four raised Series A. There were two deals each in the Series C and D categories.


3rd_week_Jan_2016_Funding_Roundup_YourStory_Research

Weekly highlights

Swiggy announced its latest fund raise of $35 million. Softbank has given Housing.com about $14.5 million runway in the latest round of funding.

Local Language has been a focus area—Indus OS and ShabdaNagari have raised funding. Formerly known as FirstTouch, Indus OS raised $5 million from Omidyar Network. Indus OS is an android based mobile operating system and supports 12 regional Indian languages. ShabdaNagari is a Kanpur-based Hindi social networking platform. CREO, a player in Android space has raised $3 million from Sequoia Capital, Beenext Ventures and India Quotient. TinyStep and PlexusMD are the other social network firms to raise funding in the week under consideration.

There were six mobile focused and e-commerce investments. Mobile investments included SnapBizz, Swiggy, Indus OS, DailyObjects, Fisdom and CREO. E-commerce investments included FirstCry, Just Buy Live, SnapBizz, IMbesharam, IndustryBuying and DailyObjects. There were three healthcare deals.

Top deals

lt;/strong></td><td width="265"><strong>Investors</strong></td><td width="69"><strong>Round </strong></td><td width="90"><strong>City</strong></td></tr><tr><td width="104"><a href="http://yourstory.com/2016/01/swiggy-funding/" target="_blank">Swiggy</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 35,000,000</td><td width="265">Harmony Partners, RB Investments</td><td width="69">Series C</td><td width="90">Bengaluru</td></tr><tr><td width="104"><a href="http://www.electronicpay.in/" target="_blank">EPS</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 25,000,000</td><td width="265">APIS Partners</td><td width="69">Series D</td><td width="90">Mumbai</td></tr><tr><td width="104"><a href="http://yourstory.com/2013/04/qubole-closes-series-a-funding-charlesriver-ventures-lightspeed-ventures-and-angel-investors-pool-in-7-million/" target="_blank">Qubole</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 30,000,000</td><td width="265">Institutional Venture Partners, <a href="http://yourstory.com/2013/11/norwest-venture-partners-niren-shah/" target="_blank">Norwest Venture Partners</a>&#xA0;and&#xA0;Lightspeed Venture Partners.</td><td width="69">Series C</td><td width="90">Bengaluru</td></tr><tr><td width="104"><a href="http://www.justbuylive.com/" target="_blank">Just Buy Live</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 20,000,000</td><td width="265">Alpha Capital</td><td width="69">Series A</td><td width="90">Mumbai</td></tr><tr><td width="104"><a href="http://www.housing.com/" target="_blank">Housing.com</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 14,500,000</td><td width="265">SoftBank Corp</td><td width="69">Series D</td><td width="90">Mumbai</td></tr><tr><td width="104"><a href="http://www.snapbizz.com/" target="_blank">SnapBizz</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 7,200,000</td><td width="265">Jungle Ventures, Taurus Value Creation, Konly Venture and&#xA0;<a href="http://yourstory.com/2015/12/blume-ventures-fund-ii/" target="_blank">Blume Ventures</a></td><td width="69">Series A</td><td width="90">Bengaluru</td></tr><tr><td width="104"><a href="https://www.kartrocket.com/">Kartrocket</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 6,000,000</td><td width="265">Bertelsmann India Investments, Nirvana Digital India Fund, Nirvana Digital Investment Holding and <a href="http://yourstory.com/2013/10/500-startups-picks-up-a-new-batch-of-33-startups-36-companies-outside-the-us/" target="_blank">500 Startups</a></td><td width="69">Series A</td><td width="90">NCR-Delhi</td></tr><tr><td width="104"><a href="http://www.indusos.com/" target="_blank">Indus OS</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 5,000,000</td><td width="265"><a href="http://yourstory.com/2010/07/omidyar-network-commits-2-1-m-to-the-foundation-for-ecological-security-to-secure-rights-to-common-land-for-indias-poor/" target="_blank">Omidyar Network</a></td><td width="69">Series A</td><td width="90">Mumbai</td></tr><tr><td width="104"><a href="http://yourstory.com/2015/05/sexual-wellness-entertainment-india/" target="_blank">IMbesharam</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 4,000,000</td><td width="265">Undisclosed US Based Investors</td><td width="69">Series A</td><td width="90">NCR-Delhi</td></tr><tr><td width="104"><a href="http://yourstory.com/2013/09/paul-basil-villgro-csr/" target="_blank">Villgro</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 3,500,000</td><td width="265">Lemelson Foundation, Michael and Susan Dell Foundation</td><td width="69">Private Equity</td><td width="90">Chennai</td></tr><tr><td width="104"><a href="http://yourstory.com/2016/01/creo-funding/" target="_blank">CREO</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 3,000,000</td><td width="265"><a href="http://yourstory.com/2015/10/shailendra-singh-sequoia-capital-techsparks-2015/" target="_blank">Sequoia Capital</a>, Beenext Ventures and India Quotient</td><td width="69">Private Equity</td><td width="90">Bengaluru</td></tr><tr><td width="104"><a href="http://www.easypolicy.com/" target="_blank">Easypolicy</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 2,200,000</td><td width="265"><a href="http://yourstory.com/2013/07/in-conversation-with-amit-banka-md-unilazer-ventures/" target="_blank">Unilazer Ventures</a></td><td width="69">Pre-series A</td><td width="90">NCR-Delhi</td></tr><tr><td width="104"><a href="http://yourstory.com/2016/01/industrybuying-funding-trifecta/" target="_blank">IndustryBuying</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 1,800,000</td><td width="265">Trifecta Capital</td><td width="69">Debt financing</td><td width="90">NCR-Delhi</td></tr><tr><td width="104"><a href="http://yourstory.com/2016/01/dailyobjects-funding/" target="_blank">DailyObjects</a></td><td width="106">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; 1,400,000</td><td width="265"><a href="http://yourstory.com/2013/07/in-conversation-with-amit-banka-md-unilazer-ventures/" target="_blank">Unilazer Ventures</a>,&#xA0; Phanindra Sama and Peyush Bansal</td><td width="69">Pre-series A</td><td width="90">NCR-Delhi</td></tr></tbody></table>">
Name Amount in $InvestorsRound City
Swiggy        35,000,000Harmony Partners, RB InvestmentsSeries CBengaluru
EPS        25,000,000APIS PartnersSeries DMumbai
Qubole        30,000,000Institutional Venture Partners, Norwest Venture Partners and Lightspeed Venture Partners.Series CBengaluru
Just Buy Live        20,000,000Alpha CapitalSeries AMumbai
Housing.com        14,500,000SoftBank CorpSeries DMumbai
SnapBizz          7,200,000Jungle Ventures, Taurus Value Creation, Konly Venture and Blume VenturesSeries ABengaluru
Kartrocket          6,000,000Bertelsmann India Investments, Nirvana Digital India Fund, Nirvana Digital Investment Holding and 500 StartupsSeries ANCR-Delhi
Indus OS          5,000,000Omidyar NetworkSeries AMumbai
IMbesharam          4,000,000Undisclosed US Based InvestorsSeries ANCR-Delhi
Villgro          3,500,000Lemelson Foundation, Michael and Susan Dell FoundationPrivate EquityChennai
CREO          3,000,000Sequoia Capital, Beenext Ventures and India QuotientPrivate EquityBengaluru
Easypolicy          2,200,000Unilazer VenturesPre-series ANCR-Delhi
IndustryBuying          1,800,000Trifecta CapitalDebt financingNCR-Delhi
DailyObjects          1,400,000Unilazer Ventures,  Phanindra Sama and Peyush BansalPre-series ANCR-Delhi

 

Top investment destinations last week

Delhi-NCR witnessed nine investments. While eight Bengaluru startups received funding, Mumbai saw seven deals. Ahmadabad, Kanpur, Chennai and Pune had one deal each.


3rd_week_Jan_2016_Funding_Cities

Government trying to be proactive in harnessing the investment environment

After the unveiling of the Startup India initiative, the government is going all out to woo not just entrepreneurs but also the investor community. Last week Avnish Bajaj, MD of Matrix Partners tweet stormed his thoughts on the state of venture capital in India. One of the issues he raised was “we need to solve pooling and tax reasons for companies and funds to be structured overseas - loss for India” for which State minister of Finance, Jayant Sinha replied. “We are working on all these matter. Have intensive consultations with Indian venture capital association

This level of responsiveness is most appreciated; hopefully the government will be swift in implementation and execution of policies that will ensure startups do not need to set up complex corporate structures.

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