The world is gradually coming out of the COVID19 induced lockdown which has affected the health as well as the economy overall. With business picking up pace, many Indian startups have received substantial funding in the month of June 2020 alone.
As per the recent finding of Tracxn, a data intelligence firm, the Edutech industry in India has emerged on the top of the list of companies to raise the most fundings across sectors.
Fintech sector stood second in terms of the funding received with Aye Finance raising around ₹210 Crore form CapitalG–Alphabet‘s Growth fund.
These are the top 10 startups to raise substantial funding in Jun’20 that have strengthened India’s investment sector post the lockdown.
In Jun’20, Byju’s has achieved the decacorn (which is a startup that has over $10 billion valuations) status after receiving the latest funding round led by Silicon Valley venture capitalist Mary Meeker’s Bond Capital.
Aye Finance, which is a Gurugram based financial service startup has raised ₹210 Cr ($27 Mn) in Series E funding round from existing investors LGT Capital Partners, CapitalG International, Maj Invest Financial Inclusion Fund II, Falcon Edge India, and A91 Emerging Fund I at a pre-money valuation of ₹1,700 Cr ($224 Mn).
The Bengaluru-based online interior design platform Design Cafe is raising fresh funding round from its existing investors.
Health-tech startup DocsApp and digital consumer healthcare provider MediBuddy have recently announced their merger to create a comprehensive digital healthcare platform named ‘MediBuddy DocsApp’.
The merged entity has raised $20 million (around Rs 150 crore) in Series B round of funding led by Bessemer Venture Partners, Fusian Capital, Mitsui Sumitomo (MSIVC) & Beyond Next ventures, MediBuddy DocsApp said in a statement.
Mumbai-based device management platform Servify is now raising fresh capital from its existing investors for strategic business expansion and stability.
As reported by Inc42, the company in a special resolution on June 6 decided to create and offer 27,23,163 Series C preference shares at a face value of INR 1 and premium of INR 314.35 per share worth INR 85.87 Cr.
Fintech startup Slice, which was formerly known as SlicePay, has secured $6 million in a pre-Series B funding led by existing backer Gunosy Capital. Kunal Shah, Better Capital, and existing investor Das Capital also participated in the latest round.
A co-working space provider startup, 91springboard, has raised Rs 45 crore funding from its existing investors.
IVF Access, a Bengaluru-based healthcare startup, has raised $5 million as a part of its Series A funding from Vertex Ventures Southeast Asia and India.
Oziva, a plant-based nutrition brand, has raised $5 million led by Matrix Partners along with existing investor Titan Capital.