Home Insight FUNDING ALERT - Newly Funded Startups 2024 Happilo, MediBuddy, Perfios & others raise funds

[Weekly Deals Roundup] Happilo, MediBuddy, Perfios & others raise funds

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Weekly Deals Roundup medibuddy
Weekly Deals Roundup

Neobanking platform Neo, health-tech startup MediBuddy, fintech startup Perfio and other startups raised funding this week.

Niyo raises $100mn in funding from Accel, Lightrock

Neobanking platform, Niyo has raised $100 million in series C round of funding, led by Accel and Lightrock India.The company said that fund will use the funding for brand building, marketing, inorganic acquisitions and to bolster its team strength.

Founded in 2015 by Vinay Tyagi, Niyo is the India’s leading Fintech, which is making banking simpler, smarter and safer for more than 1.5 million customers.

Medibuddy raises $125 million in funding

Health tech startup company Medibuddy has get $125 million funding from Quadria Capital and Lightrock India.

“This funding will be used for invest in customer awareness, hiring, strengthening technology platform including data science capabilities, clinical research, and product development” the company said. MediBuddy is India’s Largest & most Trusted Digital Healthcare Platform for inpatient, outpatient, wellness & fitness needs.

Fintech startup Perfios raises $70 mn, joins unicorn club

Fintech startup Perfios has raised Rs 520.8 crore (around $70 million) in Series C funding round led by existing investors Warbug Pincus and Bessemer India. The Bengaluru-based Fintech platform became the 10th unicorn of 2022.

The funding will be used for financing the acquisition of other companies, capital expenditure, and working capital requirements, Perfios said in its regulatory filings.

Founded in 2009, by V R Govindarajan and Debasish Chakraborty, Perfios is a leading product technology company enabling businesses to aggregate structured and unstructured data, curate, analyze and help in decision-making.

Xoxoday raises $30M from Apis Partners & Giift

Giift, a provider of loyalty management solutions around the globe, backed by Apis Growth Fund II, a private equity fund managed by Apis Partners LLP, announced today that it has acquired a significant strategic interest in Xoxoday, a fintech disruptor in the rewards, incentives and payout space.

The company states that the partnership included both primary and secondary capital components, and the collaboration will enable both Giift and Xoxoday to enlarge their service offerings and collectively accelerate growth globally.

Founded in 2012 by Sumit Khandelwal, Manoj Agarwal, Abhishek Kumar, and Kushal Agrawal, Xoxoday provides technology infrastructure to enable businesses to automate rewards, incentives & payouts for employees, customers & channel partners.

D2C snacking brand Happilo gets $25M from Motilal Oswal PE

Direct to consumer(D2C) snacking brand Happilo has raised $25 million from Motilal Oswal PE. This company was founded in 2016 by Vikas Nahar which sells dry fruits, trail mixes, nut protein bars and muesli.

The company said that it is a “profitable, category leader” that has grown its business by 4x in the last 24 months. The company will use the funds to grow its D2C channel and distribution network and community growth. Happilo is all about healthy eating, fried chips have been replaced by healthier snack options.

SaaS-based logitech startup Shipsy raises $25M in Series B

SaaS-based smart logistics management startup Shipsy, has raised $25 mn in a Series B round co-led by A91 Partners and Z3 Partners along with existing investors Info Edge and Sequoia Capital India’s Surge.

Shipsy was founded in 2015 by IIT graduates Soham chokshi and dhruv Agarwal. The startup said that fund will use to grow in the Middle East, India and Southeast Asia, while accelerating expansion into new markets such as Europe and the US.

Fleetx.io gets $19.4 million from Indiamart

Fleet management platform Fleetx.io has raised $19.4 million founding led by India Mart,with IndiaQuotient and Beenext. This fund will be used for hiring, improving its product and scaling its business.

Fleet management startup company founded in 2017 by Abhay Jeet Gupta, Vineet Sharma,Udbhav Rai, Vishal Mishra and Praveen Kataria. Fleetx company provides internet of things and software based products to help both fleet operators and industries digitise their logistics operations.

Defence startup Newspace gets $21 million in funding

NewSpace Research & Technologies,a Bengaluru based drone technology Startup company has raised $21 million in a round led by Pavestone Technology Fund.

The startup aims to become a unicorn within the next five years.last year NewSpace Research and Technologies has at least two contracts from the defence ministry and working on a project with Hindustan Aeronautics Limited.

Vymo raises $22 mn in series C round from BII, Sequoia, others

Vymo, a sales engagement platform for Financial Institutions, has raised $22M in Series C funding round led by Bertelsmann India Investments (BII) with existing investors Emergence Capital and Sequoia Capital participating.

Vymo is a personal assistant app for enterprise sales/service teams. It predicts what a rep/manager should do next, detects whether this has happened and links this to downstream metrics to drive better predictions.

Vymo has helped some of the world’s largest enterprise field teams get almost 2X productivity uplift; resulting in 30-50% higher sales within 3 months of launch.

Arrivae raises Rs 75 crore funding from Think Investments, Havells Group

Arrivae, an interior designing & furniture manufacturer startup, raised Rs 75 crore in Series B round from Think Investments, Havells Group and Emerge capital.

The company said that fund will be use for expanding its product roadmap, design process, digitally integrated supply chain, onsite renovation platform and creating more private labels. Arrivae was founded in 2017 by Yash kela.

Startup accelerator Upekkha raises $9 million from WestBridge Capital

Upekkha, an accelerator and early-stage investment firm for SaaS startups, has raised $9 million from WestBridge Capital.

Upekkha was founded in 2017 by Prasanna Krishnamoorthy, Shekar Nair, and Thiyagarajan Maruthavanan. This fund will use by company in different startups.

Invact Metaversity gets $5M funding led by Arkam Ventures

Invact Metaversity a virtual University town with multiple colleges has get $5 Million led by Arkam Ventures.

This Metaversity founded by Manish Maheshwari,the former head of Twitter India and Tanay Pratap company’s CTO. Maheswari who is CEO of this company,said,”Metaverse is a concept that stands at a cusp where it will be a lead factor in transforming the educational landscape.

Agritech startup krishify raises $6.2 million in pre-series a Funding

Agritech startup Krishify has raised $ 6.2 million in Pre-Series A round with the additional participation of agritech VC fund Omnivore, alongside existing investors Ankur Capital, Omidyar Network India, and Orios Venture Partners.

The company said that fund will use to accelerating pan-India growth and to further refine the technology for an enhanced user experience in the agriverse. Krishify is an agritech startup focused on creating India’s first digital marketplace of farm input products on top of a farmers’ community network which has over a million farmers.

Battery swapping startup Chargeup raises $2.5 M funding

Battery swapping startup Chargeup has raised $2.5 million (Rs 18 crore) in pre-Series A round led by Capital-A and Anicut Capital. Tiger Shroff, Aman Gupta and Sameer Mehta (founders of boAt), and Shraddha Kapoor have also participated in the funding round.The start-up said that funding will be used for the expansion of its network to new cities and building larger capacities to meet the growing demand.

Founded by Varun Goenka and Ankur Madan, Chargeup offers Battery as a Service, solving the high cost problem and inconvenience of long charging hours, through its distributed network of battery swapping hubs.

Kalaari Capitals CXXO backs Aastey with Rs 10 cr seed funding

Aastey, an sportswear brand for women of all body types has raised Rs 10 crore in seed round funding from CXXO, a Kalaari Capital platform aimed at backing women founders with a corpus of $10 million.

The company said it will also focus on building and engaging with its growing community in 2022.Aastey was founded in 2020 by kanupriya Mundhra and jeevika Tyagi.

E-commerce Marketing company RetainIQ gets $2.3M in funding

An e-commerce Marketing company RetainIQ has got $2.3 million in a funding round led by venture capital firm accel partner.This e-commerce startup founded in 2016 by Arpit Gupta,Sitakanta ray and Sulakshan Kumar.

RetainIQ is a software platform that enables e-commerce stores and brands globally to convert and retain their customers by leveraging communication automation on email, Whatsapp, SMS, push and on-site.this fund will be use in its community and company grow.

Sleepsia has raised $2 million funding from Agile Ventures

Pillow and sleep accessories M2C company Sleepsia has get $2 Million from its parent company Agile Ventures.Sleepsia will use this funding in to the expend its customer base in tier-2 and tier-3 cities.

Dheeraj Kapoor, Director,Sleepsia “so far we have served 200k happy customers.And Now with the recent funding ,we are planning to bring 250000 more sleepers onboard.”the company is also thinking to add a new range of pregnancy pillows, couple pillows, baby pillows, baby memory foam pillows, chair pillows,car pillows, comfortable and microfiber bed sheets.

CleanCat – your neighborhood laundry raises 42 lakhs from Stand up India Scheme

CleanCat – your neighborhood laundry has raised 2nd round fund from Stand up India Scheme by Government of India via Indian Overseas Bank, Kolkata of 42 lakhs.

The startup plans to use this funds in expansion of the laundry unit in kolkata by increasing daily washing capacity from 6000 pieces to 12,000 pieces per day.Clean Cat – Your Neighborhood Laundry is a startup founded in December 2019 by Subhadeep Chatterjee, Indranil Marick and Sayan Som.

ODR platform Presolv360 raises $1.08mn funding from MGA Ventures

Presolv360, an Online Dispute Resolution platform which Founded by Bhaven Shah, Namita Shah, and Aman Sanghavi that offers technology-driven new-age solutions for resolving disputes, has raised $1.08 mn seed funding from MGA Ventures (Ashra Family Office), Omidyar Network India.

The company said that fund will use to developing and integrating newer technologies and team expansion across tech, data and business development.

Edtech startup Bhanzu raises $2 Mn in seed round

Edtech startup Bhanzu has raised $2 million (around Rs 15 crore) in its seed round led by Lightspeed Venture Partners.The company said that funds will be used to scale Bhanzu’s live classes in multiple geographies including the US, Canada, the UK, and the Middle East, and accelerate hiring across its tech and product teams.

Bhanzu, founded by the World’s Fastest Human Calculator Neelakantha Bhanu, is a math-learning platform with a meticulously designed curriculum that helps students become 4x quicker and better at math by nurturing their cognitive abilities and building their core math acumen.


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