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TICE Funding Report: Seed Funding Empowers Multiple Indian Startups

The TICE Funding Report showcases that the Indian startups achieved significant funding milestones, showcasing the robustness and potential of the country's entrepreneurial ecosystem. Delve into the funding report to know the latest funding news.

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Sonu Vivek
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The TICE Funding Report showcases that the Indian startups achieved significant funding milestones, showcasing the robustness and potential of the country's entrepreneurial ecosystem. Let's delve into the funding report as compiled by TICE News for Indian startups from May 29 to June 2, highlighting the total funding raised, the startup securing the highest investment, and the number of startups receiving seed funding. 

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How much Funding did Indian Startups raise from May 29 to June 2? 

As per data compiled by TICE News, 14 Indian startups raised approximately USD 270M (startups that have disclosed funding amounts). A total of 18 Indian startups raised some sort of funding. 

Which Indian startup raised the Largest Funding?

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Atomberg, a notable startup, raised an impressive $86 million in a Series C funding round. The funding was secured from prominent investors including Temasek, Steadview Capital, Trifecta Capital, Jungle Ventures, and Inflexor. This substantial investment showcases the potential and promise of Atomberg's innovative offerings and solidifies its position as a key player in the market. 

Seed Funding for Multiple Startups

Seed funding, a crucial stage for startups in their early growth phase, plays a vital role in nurturing innovative ideas and providing the necessary resources for development. Several Indian startups have successfully secured seed funding, allowing them to kickstart their entrepreneurial journeys. 

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Yolo Funding 

Yolo attracted seed funding; however, the exact amount remains undisclosed. The startup received support from investors ShuruUp and Growth91, positioning Yolo for future growth and expansion.

KarmaLife Gundi

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KarmaLife raised an impressive seed funding of $5.34 million. The round witnessed participation from a diverse group of investors, including Artha Venture Fund, Krishna Bhupal's Family Office, Singularity Ventures, Netgraph Investment, Logx Venture Partners, Balesh Sharma, Amit Jain, Vikram Kailas, and Shaji Kumar Devakar. This funding injection will facilitate the development and scaling of KarmaLife's innovative solutions.

Tan90 Funding 

Tan90 secured seed funding of $1.37 million. Blue Ashva Capital, Capital A, and 3iPartners played significant roles as investors, supporting the startup's growth and enabling the exploration of new opportunities.

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New Trace Funding 

New Trace raised seed funding totaling $5.65 million. Sequoia Capital, Aavishkaar Capital, Speciale Invest, Micelio, Ashish Goel, and IKP Knowledge Park joined forces as investors, empowering New Trace to pursue its vision and expand its presence in the market.

Balwaan Funding 

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A promising startup, secured seed funding of $2 million. Caspian, Deepak Agarwal, Pulkit Bachhawat, Rishabh Jain, and others provided vital financial support, propelling the startup's growth and innovation.

LaundryMate Funding 

LaundryMate secured seed funding of $6.25 million. The investment was made by a group of notable investors, including Blume, Ankit Bhati, Charudatta Deshpande, Jignesh Bhate, Karan Singh, Sandeep Gupta, Sankalp Saxena, and Vikas Choudhury. This significant funding infusion provided LaundryMate with the necessary capital to develop its business model and expand its operations in the laundry services sector.

SegMind Fundig

SegMind raised seed funding totaling $1 million. The investment came from a consortium of investors, including All in Capital, Paradigm Shift Capital, WEH Ventures, and 100x Entrepreneur. This funding injection bolstered SegMind's efforts in the field of artificial intelligence and machine learning, enabling the company to further develop its cutting-edge technologies and drive innovation in the industry.

BharatNxt Funding 

BharatNxt secured seed funding of $1.2 million. The funding round witnessed participation from Inflection Point Ventures, Spiral Ventures, Keiretsu Forums, and Panthera Peak Capital. This diverse group of investors recognized BharatNxt's potential and provided crucial support to help the startup execute its vision and expand its presence in the market.

Startup Name 

Funding Round 

Amount (in USD) 

Founding Year 

Investors 

Atomberg Series C86M2012Temasek, Steadview Capital, Trifecta Capital, Jungle Ventures, Inflexor
Yolo SeedUndisclosed 2022ShuruUp, Growth91
KarmaLife Seed5.34M2020Artha Venture Fund, Krishna Bhupal’s Family Office, Singularity Ventures, Netgraph Investment, Logx Venture Partners, Balesh Sharma, Amit Jain, Vikram Kailas, Shaji Kumar Devakar
Skytel TeleservicesPE (Private Equity)Undisclosed 2011The TEAM Group
PixxelSeries B36M2018Google, Radical Ventures, Lightspeed Venture Partners, Blume, GrowX Ventures, Spartan Group, Athera, Accenture Ventures, Seraphim, Omnivore, Jordan Noone, Ryan Johnson.
Tan90Seed1.37M2019Blue Ashva Capital, Capital A, 3iPartners
Immuno Act Series B 9.67M 2018Laurus Labs 
Amp Energy India PE (Private Equity)50M 2009ICG (Intermediate Capital Group)
New Trace Seed5.65M 2020Sequoia Capital, Aavishkaar Capital, Speciale Invest, Micelio, Ashish Goel, IKP Knowledge Park.
Lets Shave Series BUndisclosed 2015WIPRO
Ship Ease Conventional Debt 550k2020Recur 
BalwaanSeed2M2016Caspian, Deepak Agarwal,Pulkit Bachhawat, Rishabh Jain
Kisaankonnect AngelUndisclosed 2020Shilpa Shetty Kundra
LaundryMate Seed6.25M2015Blume, Ankit Bhati, Charudatta Deshpande, Jignesh Bhate, Karan Singh, Sandeep Gupta, Sankalp Saxena, Vikas Choudhury.
SegMindSeed1M2018All in Capital, Paradigm Shift Capital, WEH Ventures, 100x Entrepreneur
BharatNxt Seed1.2M2022Inflection Point Ventures, Spiral Ventures, Keiretsu Forums and Panthera Peak Capital
Capillary TechnologiesSeries D 45M2012 





Transak Series A 20M 2019





Significant Developments in the Startup Ecosystem:

  • Info Edge, a prominent investor in Rahul Yadav's 4B Networks, has enlisted the services of Deloitte to initiate a comprehensive forensic audit of the proptech startup. This move highlights the increasing scrutiny and the need for a thorough examination of the company's operations and financial practices.
  • US-based AMC BlackRock has devalued BYJU'S, the prominent edtech company, by a staggering 62%. The new valuation stands at $8.3 billion, signifying a substantial decline in the company's perceived worth.  
  • Janus Henderson, another notable investor, has decreased PharmEasy's valuation by 52% to $2.7 billion from the previous valuation of $5.6 billion.
  • The impact of valuation markdowns has also affected SaaS unicorn Gupshup. Fidelity Investments, a renowned US-based asset management company, has slashed Gupshup's valuation by 31.6%. The revised valuation now stands at $957 million, reflecting a significant adjustment in the perceived value of the company.

These developments underscore the dynamic nature of the startup ecosystem, where valuation fluctuations and forensic audits can shape the trajectory of emerging companies. It is crucial for investors and stakeholders to closely monitor and assess such market changes as they navigate the evolving landscape of the startup industry.

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