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Funding Roundup: Skillbox, CropIn, Niramai, Aye Finance and more

By Trisha Jalan and Nikhil Cariappa

Investments in November 2018

Company Name: iChamp
Amount raised: Undisclosed
Type: Seed funding
Sector: Education
Date announced: November 6
Investors: Anuj Gupta and Mohit Agarwal, founders of Adda52.com
What they will use the funding for: Increasing user base and enhancing product features
Source: Company statement

***

Company Name: Skillbox
Amount raised: Undisclosed
Type: Seed funding
Sector: Networking and discovery
Date announced: November 19
Investors: Angel investor Sandip Ranjhan
What they will use the funding for: To scale and strengthen product and marketing
Source: Company statement

***

Company Name: CropIn
Amount raised: $8 Million (Rs 58 crores)
Type: Series B
Sector: Agriculture
Date announced: November 20
Investors: Chiratae Ventures (formerly IDG Ventures India) and the Bill & Melinda Gates Foundation Strategic Investment Fund (London and Seattle)
What they will use the funding for: To develop its machine-learning based ‘SmartRisk’ platform
Source: Company statement

***

Company Name: DeTect Technologies
Amount raised: $3.3 million
Type: Series A
Sector: IoT
Date announced: November 21
Investors: SAIF Partners, Bharath Innovation Fund, Axilor Ventures, BlueHill Capital, and a few angels from the Keiretsu Forum
What they will use the funding for: International expansion, to build manufacturing capability for production of patented products
Source: Company statement

***

Company Name: Aye Finance
Amount raised: Rs 70 crore
Type: Debt funding
Sector: Lending
Date announced: November 20
Investors: BlueOrchard
What they will use the funding for: Geographic expansion and disbursal to current borrowers
Source: The Economic Times

***

Company Name: Smallcase and Turtlemint
Amount raised: $7-8 million in Smallcase, $6 million in Turtlemint
Type: Unspecified
Sector: Personal investment and insurance, respectively
Date announced: November 28
Investors: Sequoia Capital
What they will use the funding for: Unspecified
Source: The Economic Times

***

Company Name: The Souled Store
Amount raised: $3 million
Type: Unspecified
Sector: Merchandise brand
Date announced: November 28
Investors: RP-SG Ventures
What they will use the funding for: Improving backend and marketing
Source: Mint

***

Company Name: Trendlyne
Amount raised: Unspecified, but for 15% stake
Type: Unspecified
Sector: Stock market analytics
Date announced: November 27
Investors: IIFL Securities
What they will use the funding for: International expansion to the US, UK and Canada
Source: The Economic Times

***

Company Name: LendBox
Amount raised: Rs 6 crore
Type: Pre-series A
Sector: Lending
Date announced: November 26
Investors: IvyCap Ventures
What they will use the funding for: Risk-assessment procedures, improve customer-support services and its technology platforms
Source: The Economic Times

***

Company Name: Niramai Health Analytix
Amount raised: $6-7 million
Type: Unspecified
Sector: Health
Date announced: November 27
Investors: Pi Ventures, Axilor, Ankur Capital and Flipkart cofounder Binny Bansal
What they will use the funding for: Unspecified
Source: The Economic Times

***

Company Name: CloudSek
Amount raised: Rs 14 crores
Type: Series A
Sector: Cyber Security
Date announced: November 27
Investors: Exfinity Venture Partners and StartupXseed
What they will use the funding for: Develop existing products and expand presence in India and South Asia
Source: Company statement

***

Company Name: Verloop
Amount raised: $3 million
Type: Series A Investment
Sector: SaaS: conversational customer engagement
Date announced: November 26, 2018
Investors: IDFC Parampara Fund and Kris Gopalakrishnan (Infosys co-founder), Dr Ranjan Pai
What they will use the funding for: hiring and building traction for the business
Source: Company statement

***

Funds

Fund name: Qualcomm Ventures AI Fund
Amount raised: $100 million
Some investors: Unspecified
Portfolio: Anyvision, Stellapps, Airspace
What they will invest in: Artificial Intelligence

Source:  The Economic Times

***

Fund name: Unspecified, Akshaypat Singhania of JK International
Amount raised: Rs 100 crores
Some investors: Akshaypat Singhania
Portfolio: Unspecified
What they will invest in: Lifestyle, health, food & beverage startups

Source: Company statement

***

Fund name: Unspecified
Amount raised: $1.85 billion
Some investors: Bessemer Venture Partners
Portfolio: LinkedIn, Pinterest, Shopify, Swiggy, Bigbasket, Travel Triangle, Pharmeasy, UrbanClap, Snapdeal, Wix, Periscope, Twitch
What they will invest in: Fintech, healthcare

Source: The Economic Times

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