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Funding roundup: CloudSEK, FabAlley, Wakefit, Roposo and more

Investments made in December 2018

Company Name: Guiddo
Amount raised: Rs 6 crore
Type: Pre-Series A
Sector: Travel
Date announced: December 3
Investors: Rennie Ratadia (Singapore), Stephen Dmello (Dubai) & Angshuman Sarkar (India).
What they will use the funding for: Expanding operations, increasing destination reach, product portfolio and developing the technology platform
Source: The Economic Times

**

Company Name: CloudSEK
Amount raised: $2 million
Type: Series A
Sector: AI-based cybersecurity
Date announced: December 4
Investors: Exfinity Venture Partners and Startup Speed
What they will use the funding for: To develop existing products and expand in India and South-east Asia
Source: The Economic Times

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Company Name: MoEngage
Amount raised: $9 million
Type: Series B
Sector: Cloud services
Date announced: December 4
Investors: Led by Matrix Partners India and VenturEast, participation from Helion Venture Partners and Exfinity Ventures
What they will use the funding for: To expand global presence and improve data science capabilities
Source: The Economic Times

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Company Name: Facilio
Amount raised: $6.4 million
Type: Unspecified
Sector: Internet of Things and AI
Date announced: December 5
Investors: Tiger Global, Accel Partners
What they will use the funding for: Unspecified
Source: The Economic Times

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Company Name: Any Time Doctor
Amount raised: Undisclosed
Type: Unspecified
Sector: Healthcare
Date announced: December 4
Investors: Mumbai-based surgical oncologist Ramakant Deshpande
What they will use the funding for: Unspecified
Source: The Economic Times

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Company Name: MyNewCar
Amount raised: $1 million
Type: Pre-Series A
Sector: Online classifieds for used cars
Date announced: December 8
Investors: Undisclosed angel investors
What they will use the funding for: Unspecified
Source: Inc42

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Company Name: Licious
Amount raised: $25 million
Type: Series D
Sector: Food
Date announced: December 10
Investors: Led by Nichirei Corp, participation from 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, UCLA and Sistema Asia Fund
What they will use the funding for: To launch operations in 7 cities including Mumbai, Pune and Chennai, expand products and build supply chain
Source: The Economic Times

**

Company Name: WakeFit
Amount raised: Rs 65 crore
Type: Unspecified
Sector: Homecare and furnishing
Date announced: December 11
Investors: Sequioa Capital
What they will use the funding for: Unspecified
Source: The Economic Times

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Company Name: Pimcore
Amount raised: $3.5 million
Type: Unspecified, first round
Sector: Open source software
Date announced: December 11
Investors: Auctus Capital Partners AG
What they will use the funding for: To expand India operations, and improve marketing in the US
Source: The Economic Times

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Company Name: Roposo
Amount raised: $10 million
Type: Unspecified
Sector: Video
Date announced: December 11
Investors: Tiger Global, Bertelsmann India Investments
What they will use the funding for: To build product technology, acquire talent, and expand user community
Source: The Economic Times

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Company Name: OweMe
Amount raised: $1 million
Type: Seed funding
Sector: Blockchain-based payments
Date announced: December 11
Investors: pi Ventures
What they will use the funding for: The product and hiring
Source: Company statement

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Company Name: PerkFinance
Amount raised: $900,000
Type: Seed funding
Sector: Lending
Date announced: December 11
Investors: Fosun RZ Capital, Eric Bunting (OverBrook Capital), Krishna Vinjamuri (venture capitalist) and Karan Virwani (WeWork India).
What they will use the funding for: Unspecified
Source: Company statement

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Company Name: PlanetSpark
Amount raised: Rs 1.6 crore
Type: Unspecified
Sector: Education
Date announced: December 10
Investors: FIITJEE
What they will use the funding for: To expand to 750 home-based tuition centres in Delhi NCR and other cities
Source: Company statement

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Company Name: LambdaTest
Amount raised: $1 million
Type: Pre-Series A
Sector: Cloud services; Platform-as-a-service (PaaS)
Date announced: December 13
Investors: Leo Capital
What they will use the funding for: Unspecified
Source: Company statement

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Company Name: Housejoy
Amount raised: $3 million
Type: Unspecified
Sector: E-services
Date announced: December 13
Investors: Matrix, Vertex Ventures, RTP Ventures, Qualcomm Ventures, Sama Capital, entrepreneur Ganesh Krishnan
What they will use the funding for: Unspecified
Source: The Economic Times

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Company Name: Moglix
Amount raised: $23 million
Type: Unspecified
Sector: E-commerce
Date announced: December 17
Investors: Accel Partners US, International Finance Corp (IFC)
What they will use the funding for: To increase the supply chain network, hiring and product
Source: The Economic Times

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Company Name: DataTrained
Amount raised: Rs 12 crore
Type: Unspecified
Sector: Education
Date announced: December 18
Investors: Ashish Nadiadwal, Rupesh Sinha and Mithlesh Thakur
What they will use the funding for: To expand to new locations, improve product and technology
Source: The Economic Times

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Company Name: Milkbasket
Amount raised: $7 million
Type: Unspecified
Sector: Grocery and milk delivery
Date announced:  December 19
Investors: Mayfield Fund
What they will use the funding for: To expand to new cities and double the team to 2,000 people by early 2019
Source: The Economic Times

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Company Name: Generico
Amount raised: $3 million
Type: Series A
Sector: Health, online pharmacy
Date announced: December 19
Investors: Tomorrow Capital, Whiteboard Capital, and angel investor Gagan Goyal
What they will use the funding for: To expand to 100 stores in Mumbai, Pune and some cities in Gujarat over the next 10 months
Source: The Economic Times

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Company Name: Shop101
Amount raised: Rs 80 crore
Type: Series B
Sector: Social e-commerce
Date announced: December 20
Investors: Kalaari Capital, Unilever Ventures
What they will use the funding for: To increase leadership, increase supply network, and improve technology platform
Source: The Economic Times

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Company Name: LetsTransport
Amount raised: Rs 100 crore
Type: Series B
Sector: Logistics
Date announced: December 19
Investors: Bertelsmann India Investments
What they will use the funding for: Expansion into new categories such as pharmaceuticals, consumer durables and cement, expansion into 20 more towns and cities by 2020
Source: The Economic Times

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Company Name: Toppr
Amount raised: $35 million
Type: Unspecified
Sector: Education
Date announced: December 19
Investors: Kaizen Private Equity, Eight Roads Ventures, Helion Ventures, SAIF Partners
What they will use the funding for: Branding
Source: The Economic Times

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Company Name: Khidki
Amount raised: Undisclosed 
Type: Unspecified
Sector: Hyperlocal social network
Date announced: December 20
Investors: Led by Axilor Ventures, with participation from Astarc Ventures, Gemba Capital, Purple Patch Ventures and Lets venture
What they will use the funding for: To expand to unspecified states, and on the product
Source: The Economic Times

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Company Name: High Street Essentials, owns FabAlley and Indya
Amount raised: Rs 60 crore
Type: Series B
Sector: Fashion
Date announced: December 27
Investors: SAIF Partners
What they will use the funding for: To increase distribution and expansion
Source: Company statement 

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