Investments in October 2018

Company Name: 9stacks
Amount raised: $3.84Mn
Type: Series A
Sector: Online poker/gaming
Date announced: October 1
Investors: WaterBridge Ventures, Astarc Ventures and other existing investors
What they will use the funding for: Team expansion, user acquisition, data analytics, machine learning, and product and market expansion.
Source: Inc42

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Company Name: Lingokids
Amount raised: $6 million in funding and $1.3 million grant from the EU’s H2020
Type: Series A
Sector: Online education
Date announced: Oct 2
Investors: HV Holtzbrinck Venture, JME Venture Capital, Sabadell Ventures, Big Sur Ventures
What they will use the funding for: Developing the app and expanding the team
Source: Company statement

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Company Name: RevFin
Amount raised: Undisclosed
Type: Seed
Sector: Lending/financial services
Date announced: Oct 10
Investors: Harsh Jain, CEO of LiteJoy Inernational, Anik K Goyal, Anil Lamba of EVP Pyramid Consulting and New York based investor Krishan B Singh
What they will use the funding for: To launch in India
Source: Company statement

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Company Name: Sattvaponics
Amount raised: Undisclosed
Type: Unspecified
Sector: Agriculture
Date announced: Oct 11
Investors: CIIE Initiatives, Sanjay Mariwala
What they will use the funding for: Unspecified
Source: Company statement

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Company Name: Worxogo
Amount raised: Rs 12.5 crore
Type: Series A
Sector: Analytics
Date announced: Oct 16
Investors: Inventus India and Ideaspring Capital
What they will use the funding for: To scale AI tool and enter global markets
Source: Company statement

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Company Name: BookMyBai.com
Amount raised: Undisclosed
Type: Pre-series A
Sector: Online listings for domestic help
Date announced: Oct 12
Investors: Japan-based social venture fund ARUN Seed and Japanese angel investors.
What they will use the funding for: To increase market share in existing Indian cities, and launch in Delhi and Hyderabad
Source: Economic Times

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Company Name: Smule
Amount raised: $20 million
Type: Unspecified
Sector: Online music
Date announced: Oct 18
Investors: Times Bridge
What they will use the funding for: Unspecified
Source: Economic Times

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Company Name: ClearTax
Amount raised: $50 million
Type: Series B
Sector: Finance/investment
Date announced: Oct 23
Investors: Composite Capital
What they will use the funding for: Unspecified
Source: Economic Times

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Company Name: Universal Sportsbiz
Amount raised: Rs 100 crore
Type: Series E
Sector: Sports
Date announced: Oct 22
Investors: Accel Growth Fund, NB Ventures, Alteria Capital
What they will use the funding for: Expanding its offline retail
Source: Economic Times

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Company Name: Sukkhi.com
Amount raised: $7 million
Type: Unspecified
Sector: Online jewellery
Date announced: Oct 29
Investors: Carpediem Capital and Duane Park
What they will use the funding for: To expand omni channel brands
Source: Company statement

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Company Name: GamingMonk
Amount raised: Rs 4 crore
Type: Second round
Sector: Online gaming
Date announced: Oct 29
Investors: Incubare Fund, Rajan Anandan, Smile Group, AdvantEdge, Samir Khurana
What they will use the funding for: Unspecified
Source: Company statement

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Company Name: Hiver
Amount raised: $4 million
Type: Series A
Sector: Collaboration software
Date announced: October 23
Investors: Kalaari Capital and Kae Capital
What they will use the funding for: Unspecified
Source: Company statement

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Company Name: LetsShave.com
Amount raised: Undisclosed
Type: Series A
Sector: Online beauty
Date announced: Oct 25
Investors: Dorco Ltd
What they will use the funding for: Expansion of its online presence
Source: Company statement

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Company Name: Nira
Amount raised: $1 million
Type: Seed
Sector: Fintech
Date announced: 31 Oct
Investors: Angel investors in the United Kingdom and India
What they will use the funding for: Building core team and technology
Source: Economic Times

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Funds

Fund name: TVS Capital Funds
Amount raised: Rs 832 crore
Some investors: Shriram Group, and others (unspecified)
Portfolio: Indian Energy Exchange, RBL Bank, City Union Bank, Wonderla Holidays

Source: Economic Times

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Fund name: Tiger Global
Amount raised: $3.65 billion
Some investors: Shriram Group, and others (unspecified)
Portfolio: (in India) PolicyBazaar, InShorts, NestAway, Grofers, Razorpay, Chargebee, Flipkart,
What they will invest in: Consumer Internet, cloud computing, direct-to-consumer companies in India, China and the United States.

Source: Economic Times