India Funding Roundup: Swiggy, Jugnoo, Industrybuying, DailyObjects, Indus OS, Tinystep, CashKaro, Collegedunia
India Funding Roundup: Swiggy, Jugnoo, Industrybuying, DailyObjects, Indus OS, Tinystep, CashKaro, Collegedunia

Funding activity seems to have increased in the week following the Startup India event, which saw the announcement of a Rs. 10,000-crore fund. The largest funding round in our latest roundup goes to a food delivery startup, apart from large funding rounds from Omidyar Network and Unilazer Ventures.

Jugnoo Auto rickshaw aggregator Jugnoo has raised $5.5 million (Roughly Rs. 37.3 crores) in Series-B funding, led by Paytm with participation from Snow Leopard Ventures. Launched in November 2014, Jugnoo serves 22 cities, and claims a user-base of 2 million and 30,000 transactions per day, with more than 6,000 autos empanelled under the brand at present. In an emailed statement, Samar Singla, Co-Founder and CEO, Jugnoo, said that the funding will be used to to increase its presence to 25 more cities over the coming six months and provide access to the remotest corners of the country.

Bengaluru-based food delivery startup Swiggy has raised $35 million (roughly Rs. 238 crores) in aSeries-C round led by New York-based Harmony Partners and Singapore’s RB Investments, with participation by existing investors including SAIF Partners, Norwest Venture Partners and Accel Partners. Founded in 2014, Swiggy services users online through its apps on Android and iOS in Bengaluru, Gurgaon, Chennai, Hyderabad, Delhi, Mumbai, Pune, and Kolkata.

Delhi-based Industrybuying, a B2B e-commerce marketplace for industrial supplies has reportedly raised $1.8 million (Rs. 12 crores) in debt financing from venture-debt provider Trifecta Capital. Launched in 2013 by siblings Rahul Gupta and Swati Gupta, the startup claims to have over 30,000 registered SMEs shopping from the portal.

Online gadget accessory store DailyObjects has reportedly raised Rs. 9 crores in funding from Unilazer Ventures, Lenskart founder Peyush Bansal and redBus founder Phanindra Sama. The Delhi-based startup reportedly works with 60 Indian artists and lists over 200,000 SKUs, selling over 15,000 cases a month. The company plans to enter the offline space with a hundred outlets by February.

Indus OS
Mumbai-based MoFirst, makers of FirsTouch OS, a regional language smartphone operating system, has raised $5 million (roughly Rs. 34 crores) in a round of funding led by Omidyar Network, and rebranded itself as Indus OS.

Tinystep, a parenting social network, has raised an undisclosed amount in seed funding from Flipkart. The Bengaluru-based startup plans to use the funds to develop the product, enhance user experience and strengthen its team, Tinystep said in a statement.

Ratan Tata has invested an undisclosed sum of funding in online cashback startup Cashkaro. The Gurgaon-based startup reportedly plans to build its technology enter international markets, and hire senior-level talent. Ratan Tata’s investments in 2016 include Dogspot and Tracxn.

(Also see: From Smartphones to Smartcars, Here’s Ratan Tata’s 2015 Startup Shopping List)

Education search engine Collegedunia has reportedly bagged Rs. 3 crore in its pre-Series A round of funding from Umang Kumar, co-founder and CEO of The website and app for Android provide information on universities and courses available in 20 education streams.


About the author

Related Post