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Startup Funding Report: Which Startup Secures Massive Funding Boost?

The latest TICE Funding Report sheds light on the challenging period for the Indian startup ecosystem, as it faced difficulties in raising funds during the funding winter. Let's delve into the report compiled by TICE News to know more.

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Sonu Vivek
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The latest TICE Funding Report sheds light on the challenging period for the Indian startup ecosystem, as it faced difficulties in raising funds during the funding winter. Let's delve into the report compiled by TICE News, which highlights the total funding raised, the startup securing the highest investment, and the number of startups receiving seed funding. We will also touch upon the biggest startup news of the week.

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As per the data compiled by TICE News, a total of 19 startups raised funding (including undisclosed funding rounds) between July 2 - July 9. The total funding amount raised by Indian startups comes to USD 91 million (excluding undisclosed funding rounds). 

The total funding raised is a sharp decline from the USD 270 million raised by Indian Startups last week. 

The startup that raised the biggest funding among the mentioned startups is HealthifyMe. Founded in 2012, HealthifyMe secured an impressive Series C funding round of 30M. HealthifyMe is focused on providing health and fitness solutions through its mobile application and platform.

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Startups Funding - (5 June - 10 June):

  • HealthifyMe raised $30 million through convertible notes. The funding round was led by LeapFrog Investments and Khosla Ventures. Venture debt of approximately $5 million was also included.
  • Lentra, a fintech SaaS firm, secured $27 million in an extended Series B round. MUFG Bank and Dharana Capital invested at a $400 million valuation.
  • Electric scooter manufacturer River raised $15 million in a funding round led by Al-Futtaim Group. Existing investors, including Lowercarbon Capital and Toyota Ventures, also participated.
  • Cleantech startup Proklean Technologies received $4 million in funding from the Raintree Family Office.
  • TradingLeagues, a gaming startup by Upstox founder Raghu Kumar, raised $3.5 million in a pre-series round. Leo Capital, the Jeejeebhoy Family Office, and others invested in the venture.
  • Climate tech startup Sentra World secured $2 million in seed funding led by Avaana Capital. RPG Ventures and Golden Sparrow Ventures also participated.

Startup Seed Funding:

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  1. Raising Superstars - Seed Funding of 2M in 2017 from BLinC.
  2. Attron Automotive - Seed Funding of 575K in 2021 from Anicut Capital, Pontaq, and Venture Catalysts.
  3. TradingLeagues - Seed Funding of 3.5M in 2022 from Leo Capital, Jeejeebhoy Family Office, and KPB Family Trust.
  4. WickedGud - Seed Funding of 250K in 2021 from Vantage.
  5. Koparo Clean - Seed Funding of 1.5M in 2020 from Saama Capital, Fluid Ventures, M Venture Partners, Rajesh Sawhney, Sridhar Sankararaman, Ramesh Menon, and DSG Consumer Partners.
  6. Sentra.world - Seed Funding of 2M in 2023 from Avaana Capital Advisors, RPG Ventures, and Golden Sparrow.
  7. Piscis Networks - Seed Funding of 121K in 2021 from Nelco.
  8. iDesign.Market - Seed Funding of 200K in 2022 from Jaipur Rugs.
  9. Health Basix - Seed Funding in 2003 from Callapina, GSK Velu, Supermorpheus, and SapphireInk.
  10. Damroo - Seed Funding in 2020 from Marwari Catalysts.
  11. KonProz - Seed Funding in 2022.

This funding report provides an overview of the startups mentioned and their respective funding rounds. It highlights the startups that have received seed funding, series A funding, series B funding, and angel investors, along with the funding amounts and the year of founding.

Startup Name 

Funding Round 

Funding Raised 

Founding Year 

Investors 

RevFin

Series A 5M2018DFC
ProKlean Technologies Series A 4M2009Raintree

Raising Superstars

Seed2M2017BLinC

Attron Automotive

Seed 575K2021Anicut Capital, Pontaq, Venture Catalysts 
HealthifyMeSeries C30M2012LeapFrog, Khosla Ventures, Finnfund, Van Lanschot Kempen, Unilever Ventures, Chiratae Ventures, Blume, and HealthQuad

TradingLeagues

Seed3.5M2022Leo Capital, Jeejeebhoy Family Office, KPB Family Trust

WickedGud

Seed250K2021Vantage 
Lentra Series B27M2018Dharana Capital, MUFG

Koparo Clean

Seed1.5M2020Saama Capital, Fluid Ventures, M Venture Partners, Rajesh Sawhney, Sridhar Sankararaman, Ramesh Menon, and DSG Consumer Partners
RiverrSeries 15M2020Al-Futtaim, Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks Venture Capital

Sentra.world

Seed 2M2023Avaana Capital Advisors, RPG Ventures, Golden Sparrow

Piscis Networks

Seed121K2021Nelco

iDesign.Market

Seed200K2022jaipur Rugs 
Tagz FoodsAngel Undisclosed 2019Shikhar Dhawan 

Health Basix

Seed Undisclosed 2003Callapina, GSK Velu, Supermorpheus, SapphireInk

Klassroom

Angel Undisclosed 2016Suniel Shetty

Damroo

Seed Undisclosed2020Marwari Catalysts
PolicyBossSeries B Undisclosed 2012India SME Investments, TPG, Madhav Mirani, Jitendra Gupta, and Sanjay Thakker

KonProz

SeedUndisclosed2022Undisclosed Angel Investors 

Top News from the Week: 

  • Zomato's shares closed 2.3% higher at INR 77.57 on Friday, surpassing its IPO price range of INR 72-INR 76 for the first time in over a year.
  • The trend of celebrities investing in startups continued with star Indian cricketer Shikhar Dhawan and Bollywood actor Suniel Shetty investing in startups as Angel Investors. 
  • The RBI issued DLG guidelines for digital lenders, expected to benefit fintech players.
  • Ola Electric and Yulu eyeing IPO. 
  • Byjus integrates AI and launches BYJU’S WIZ, containing three AI transformer models – BADRI, MathGPT, and TeacherGPT. 
  • Indian edtech giant BYJU'S was engulfed in controversy again as it filed a complaint opposing the acceleration of the $1.2 billion Term Loan B (TLB) and seeking to disqualify Redwood as a lender.
  • ChatGPT founder Sam Altman visits India and meets PM Modi. The OpenAI advocate disclosed his plans to invest in Indian startups. He also voiced his thoughts on the regulation of AI. 
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