Funding developments for September 2018
Company Name: BabyChakra
Amount raised: Undisclosed
Type: Pre-Series B
Sector: E-commerce/ online health portal
Date announced: September 10
Investors: Equanimity Ventures Fund and Anand Chandrasekaran
What they will use the funding for: Expand content into regional languages, integration in the maternity and healthcare ecosystem
Source: Livemint
**
Company Name: Mamaearth
Amount raised: About $4 million
Type: Series A
Sector: E-commerce
Date announced: September 11
Investors: Stellaris Venture Partners, Fireside Ventures, Kunal Bahl and Rohit Bansal and Rishabh Mariwala
What they will use the funding for: Team expansion, technology and marketing, research and development
Source: Livemint
**
Company Name: Upwards Fintech
Amount raised: $5 million
Type: Series A
Sector: Fintech
Date announced: September 11
Investors: Shunwei Captial, India Quotient and Mayfield
What they will use the funding for: Technology and data science and geographical expansion
Source: Livemint
**
Company Name: Dream11
Amount raised: $100 million
Type: Series D
Sector: Online gaming
Date announced: September 7
Investors: Tencent, Kalaari Capital, Multiples Alternate Asset Management
What they will use the funding for: Unclear
Source: Inc42
**
Company Name: GreyOrange
Amount raised: $140 million
Type: Series C
Sector: AI / Robotics
Date announced: September 7
Investors: Mithril Capital, Binny Bansal, Blume Ventures
What they will use the funding for: Set up manufacturing supply chain and Research and Development
Source: Inc42
**
Company Name: Xplorabox
Amount raised: Undisclosed
Type: Seed
Sector: Education
Date announced: September 17
Investors: Z Nations Lab, Sridham Enterprises, and Metaform Ventures
What they will use the funding for: Geographical and service expansion
Source: Inc42
**
Company Name: DocPrime
Amount raised: $50 million
Type: Unknown
Sector: Health
Date announced: September 17
Investors: The Policybazaar Group
What they will use the funding for: To improve user experience
Source: Inc42
**
Company Name: UiPath
Amount raised: $225 million
Type: Series C
Sector: Software
Date announced: September 18
Investors: Capital G, Sequoia Capital and Accel Partners,
What they will use the funding for: Geographical expansion and hiring
Source: Economic Times
**
Company Name: Leena AI
Amount raised: $2 million
Type: Seed
Sector: AI/ Software
Date announced: September 21
Investors: Kunal Bahl and Rohit Bansal and Elad Gil
What they will use the funding for: Unclear
Source: Livemint
**
Company Name: NewsBytes
Amount raised: $1 million
Type: Pre-Series A
Sector: Media
Date announced: September 19
Investors: MM Inno GmbH, Powerhouse Ventures and Mumbai Angels
What they will use the funding for: Hiring, establishing Hindi and other regional desks, and video based content
Source: Inc42
**
Company Name: DailyNinja
Amount raised: Undisclosed
Type: Unknown
Sector: Grocery delivery
Date announced: September 20
Investors: Matrix Partners India, Sequoia India and Saama Capital
What they will use the funding for: Expansion and recruitment
Source: Economic Times
**
Company Name: AutoGrid
Amount raised: $32 million
Type: Series D
Sector: AI/ Software
Date announced: September 11
Investors: CLP Holdings Group, innogy, Ørstead, Tenaska, Energy Impact Partners, Envision Ventures, Total Energy Ventures, Clearsky Power & Technology Fund, E.ON and Foundation Capital
What they will use the funding for: Recruitment
Source: Company statement
**
Company Name: ShiftKarado
Amount raised: Rs 5 crore
Type: Multiple rounds
Sector: Logistics
Date announced: September 13
Investors: Star WorldWide Group and Promoters.
What they will use the funding for: To upgrade services
Source: Economic Times
**
Company Name: Vokal
Amount raised: $6.5 million
Type: Series A
Sector: Knowledge & Education
Date announced: September 12
Investors: Shunwei Capital, 500 startups, Accel India, and Blume Ventures.
What they will use the funding for: To expand to multiple languages
Source: Inc42
**
Company Name: Tappp
Amount raised: $5 million
Type: Series A
Sector: Digital content
Date announced: September 13
Investors: Advantage, Elysian Park, Accomplice, Go4it, Courtside VC and Sterling VC
What they will use the funding for: Research and development
Source: Economic Times
**
Company Name: SenseHawk
Amount raised: $2 million
Type: Series A
Sector: Software/AI
Date announced: September 26
Investors: SAIF Partners and Angel investors
What they will use the funding for: Business development and engineering
Source: VCcircle
**
Company Name: NetraDyne
Amount raised: $8 million
Type: Stake sale
Sector: Software/ Machine learning
Date announced: September 26
Investors: Reliance Industries
What they will use the funding for: Unclear
Source: Inc42
**
Company Name: Stanza Living
Amount raised: $10 million
Type: Series A
Sector: Mobile App
Date announced: September 25
Investors: Sequoia Capital, Matrix Partners and Accel Partners
What they will use the funding for: Geographical expansion
Source: Company statement
**
Company Name: Bounce (previously Metro bikes)
Amount raised: $3 million
Type: Debt financing
Sector: Bike rentals
Date announced: September 25
Investors: InnoVen Capital.
What they will use the funding for: Geographical expansion
Source: Economic Times
***
VC Funds
Company Name: Lightbox Ventures
Amount raised: $178 million
Type: VC funds
Sector: Consumer Technology
Date announced: September 11
Investors: Unknown
What they will use the funding for: Investing in consumer technology in India
Source: Economic Times
**
Company Name: Technology 9 Labs
Amount raised: Undisclosed
Type: VC fund
Sector: Startup Studio
Date announced: September 25
Investors: Spiral Ventures and MyNavi Corporation
What they will use the funding for: Building infrastructure and recruitment
Source: Economic Times
