TRACXN MONTHLY REPORT

INDIA TECH

APRIL 2021
 Contents
India Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 16
Top Funded Business Models - last 1 year 18
New Analyst Picks 19
Acquisitions 36
Recent News 38

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 India Tech: Snapshot – April 2021

India Tech Snapshot – April 2021

Overall Geo Stats
98 $3.2B 193 20 Market Size
Analyst Picks New Investors Companies Covered 80,418
Funding Rounds $ Invested
Comvest Partners Funded Companies 8,618
ShareChat
Upgraded to Travel iconiQ Total Funding $87.7B
UNICORN Funding in last 12 months $16.4B
Top Exits

42 170 12 IPOs
Acquisitions
228
1,038
Series A+ rounds Active Investors IPOs Acquisitions Company Stage
Pharmarack#@ Unicorns 43
Quovantis#@ Soonicorns 182
Minicorns 738
Monthly Leader Board Editor Picks 4,595
Top Markets Top Investors Series A+ 1,488
Top Funding Rounds Top Cities
Series C+ 349
$800M - Series J Logistics Tech Tiger Global Management Bangalore Acqui-Hires 109
Swiggy (2014, Bangalore, $2.4B) Swiggy (7 Investments) (33 Rounds, $2.1B)
Deadpooled 15,824
$502M - Series E Food Tech Prosus Mumbai
Top Cities
ShareChat (2015, Bangalore, $990M) Lo! Foods (5 Investments) (19 Rounds, $340M)
Bangalore (4,444 Rounds, $38.0B)
$300M - Series E Social Platforms LetsVenture Gurgaon
Meesho (2015, Bangalore, $490M) ShareChat (4 Investments) (14 Rounds, $346M) Mumbai (2,463 Rounds, $10.4B)
$190M - Series F Top Investors
Vernacular Platforms Matrix Partners India Delhi
Urban Company (2014, Gurgaon, $405M) LearnVern (3 Investments) (12 Rounds, $113M) Sequoia Capital (182 Investments)
Blume Ventures (149 Investments)
Note : "Investors" refers to "Institutional Investors" only

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 India Tech: Investment Snapshot

Investment Snapshot
Investment Snapshot of India Tech as of April 2021
Investment Trend Top Investments (April 2021)*
Swiggy $800M - Series J Falcon Edge Capital
(2014, Bangalore, $2.4B)
ShareChat $502M - Series E Tiger Global Management
(2015, Bangalore, $990M)
Meesho $300M - Series E SoftBank Vision Fund
(2015, Bangalore, $490M)
Urban Company $190M - Series F Prosus
(2014, Gurgaon, $405M)

upGrad International Finance

$169M - Series B
(2015, Mumbai, $169M) Corporation
Razorpay $160M - Series E Sequoia Capital
(2014, Bangalore, $367M)
Chargebee $125M - Series G Insight Venture Partners
(2011, Walnut, $230M)
OfBusiness $110M - Series D Falcon Edge Capital
(2015, Gurgaon, $200M)
DealShare $100M - Series D Tiger Global Management
(2018, Jaipur, $135M)
Gupshup $100M - Series F Tiger Global Management
(2004, Mumbai, $150M)
$ Funding # Rounds Groww $83.0M - Series D Tiger Global Management
(2017, Bangalore, $143M)
*Shows only the lead Investors

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 India Tech: List of Funding Rounds

List of Funding Rounds (1/11)

List of Funding Rounds in India Tech in April 2021
LATE STAGE LATE STAGE LATE STAGE
$1.6M - Series D $50.0M - Series C $83.0M - Series D
Peel-Works (2010, Mumbai, $20.2M) BuyWOW (2016, Bangalore, $50.0M) Groww (2017, Bangalore, $142.8M)
Real time order management & extended salesforce Internet-first brand offering organic beauty products Online platform focused on mutual funds
management
ChrysCapital Tiger Global Management, Sequoia, , Ribbit Capital,
Propel Venture Partners
$5.0M - Series E
MobiKwik (2009, Gurgaon, $228.9M) $65.0M - Series C $100.0M - Series F
App-based wallet for consumer payments Spinny (2015, Delhi, $123.3M) Gupshup (2004, Mumbai, $150.0M)
Online outright buyer of used cars Cloud-based messaging and bot development platform
Dosch Pharmaceuticals, , Gaurav Dubey, Vijay Kedia,
Bharat Vinod Daftari, and 3 more General Catalyst Partners, Arena Holdings, Elevation Tiger Global Management, Charles River Ventures,
Capital, Fundamentum, Think Investments Globespan Capital Partners, Helion Venture Partners
$25.0M - Series H
CarTrade (2009, Mumbai, $322.0M)
Online listing platform for pre-owned cars $75.0M - Series D $100.0M - Series D
Elastic Run (2016, Pune, $130.5M) DealShare (2018, Jaipur, $135.3M)
$30.0M - Series D Provider of logistics & fulfillment solutions for App-based buying platform for multi-category
businesses consumer products
Lead School (2012, Mumbai, $69.4M)
Academic content learning provider for schools
Avataar Ventures, Prosus, Kalaari Capital, Naspers Tiger Global Management
GSV Ventures, WestBridge

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of Funding Rounds

List of Funding Rounds (2/11)

List of Funding Rounds in India Tech in April 2021
LATE STAGE LATE STAGE LATE STAGE
$110.0M - Series D $190.0M - Series F $800.0M - Series J
OfBusiness (2015, Gurgaon, $200.2M) Urban Company (2014, Gurgaon, $405.4M) Swiggy (2014, Bangalore, $2.4B)
Financing and fulfilment network for SMEs App-based platform to book multiple local services Online platform for food ordering and delivery

Falcon Edge Capital, Matrix Partners India, Creation Prosus, Wellington Management, DF International Falcon Edge Capital, Amansa Capital, Think
Investments, Norwest Venture Partners Private Partner, Vy Capital, Steadview Capital Investments, Goldman Sachs, Carmignac, and 8 more

$125.0M - Series G
Chargebee (2011, Walnut, $230.0M) $300.0M - Series E Series H
Subscription management and recurring billing Meesho (2015, Bangalore, $490.4M) BYJU'S (2011, Bangalore, $3.1B)
solutions for businesses App-based reselling platform offering multi-category Provider of mobile-based courses for competitive test
products preparation and supplementary courses for students
Insight Venture Partners, Tiger Global Management,
Sapphire Ventures, Steadview Capital SoftBank Vision Fund, Prosus, Facebook, Shunwei UBS
Capital, Venture Highway
$160.0M - Series E Series C
Razorpay (2014, Bangalore, $366.6M) $502.0M - Series E Leixir (2011, Gurgaon, $24.3M)
Payment processing solutions for businesses ShareChat (2015, Bangalore, $989.7M) Developer of a wide range of dental products
Provider of a vernacular-based social platform
Sequoia Capital, GIC, Ribbit Capital, Matrix Partners Comvest Partners
India, Tiger Global Management Tiger Global Management, Lightspeed Venture
Partners, India Quotient, Twitter, Snap

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of Funding Rounds

List of Funding Rounds (3/11)

List of Funding Rounds in India Tech in April 2021
LATE STAGE EARLY STAGE EARLY STAGE
Series D $91.5K - Series A $2.0M - Series A
PharmEasy (2015, Mumbai, $389.0M) The Better India (2008, Bangalore, $3.8M) Arzooo (2016, Bangalore, $17.2M)
Provider of an online platform for ordering medicines Online platform publishing content focusing on App based platform for consumer electronics products
and diagnostic tests business and finance

Naspers, TPG, Caisse de depot et placement du Sumit Pachisia, Debasis Panigrah, Aishwarya Panigrahi, $2.1M - Series A
Quebec, Eight Roads Ventures, Prosus, and 5 more Himanshu Chaturvedi, Sarat Chandra Upadhyaya, and 1 TrulyMadly (2013, Delhi, $9.1M)
more Online personality-based dating and matchmaking
platform
Series C $250.0K - Series A Venture Catalysts, IPV, AngelList, The Chennai Angels,
Bizongo (2015, Mumbai, $65.0M) Pharmazz (2010, Noida, $8.9M) 9Unicorns, and 7 more
Online B2B marketplace for packaging supplies Clinical stage company developing critical care
medicines
$3.3M - Series A
AddVentures, International Finance Corporation,
Chiratae Ventures, Schroder Adveq, Accel, and 2 more Oye Rickshaw (2017, Gurgaon, $17.1M)
$373.1K - Series A App-based platform for on-demand e-auto rickshaw
SmartVizX (2014, Noida, $2.9M) taxi services
VR based solutions for business
Alteria Capital
YourNest, Indian Angel Network Fund, Rockstud Capital

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of Funding Rounds

List of Funding Rounds (4/11)

List of Funding Rounds in India Tech in April 2021
EARLY STAGE EARLY STAGE EARLY STAGE
$3.5M - Series A $9.3M - Series A $20.1M - Series B
Pitstop (2015, Bangalore, $13.0M) upGrad (2015, Mumbai, $169.3M) Revolt Motors (2014, Gurgaon, $20.1M)
App-based garage aggregator for auto repair & Mobile-based higher education programs for working Developer of electric motorbikes
maintenance services professionals
RattanIndia Apna Solar
Ventureast, Blume Ventures, Acko, LetsVenture, Unilazer Ventures
AngelList $21.0M - Series B
$10.0M - Series B iBus Networks (2014, Bangalore, $24.8M)
$6.0M - Series A M1xchange (2017, Gurgaon, $14.5M) Provider of distributed antenna system for telecom
SafexPay (2014, Thane, $6.0M) Online platform facilitating the discounting of invoices industry
White label payment gateway and wallet and bills of exchange
Morgan Stanley
Ardor Advisors Amazon, SIDBI Venture Capital, Beenext, Mayfield
$25.0M - Series B
$6.6M - Series B CoinSwitch (2017, Bangalore, $41.5M)
Miko (2015, Mumbai, $22.5M) $17.0M - Series B Online & app-based trading platform for
Provider of an AI-powered companion robot for PlayShifu (2016, Bangalore, $29.9M) cryptocurrencies
children Provider of AR-based STEM educational games
Tiger Global Management
IvyCap Ventures, YourNest, Chiratae Ventures, Keshav Inventus Capital India, Inflexor, Chiratae Ventures,
Murugesh Bharat Fund

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of Funding Rounds

List of Funding Rounds (5/11)

List of Funding Rounds in India Tech in April 2021
EARLY STAGE EARLY STAGE SEED STAGE
$28.1M - Series A $50.0M - Series B $75.0K - Seed
Pixxel (2019, Bangalore, $41.2M) Rapido (2015, Bangalore, $132.2M) My Avni (2019, Thane, $75.0K)
Provider of satellite based imaging solutions App-based platform for two-wheeler ride-hailing Internet first brand offering eco-friendly hygienic care
services products
$40.0M - Series B Samvardhana Motherson Group, WestBridge, Nexus WFC, Amit Tyagi, Srikanth Iyengar
upGrad (2015, Mumbai, $169.3M)
Mobile-based higher education programs for working $125.0K - Seed
professionals $120.0M - Series B BimaPe (2020, Mumbai, $125.0K)
upGrad (2015, Mumbai, $169.3M) Card-based online insurance platform for consumers
International Finance Corporation
Mobile-based higher education programs for working
professionals Y Combinator
$40.0M - Series B
Stashfin (2016, Delhi, $72.5M) Temasek $133.0K - Seed
App-based platform for personal loans FreeStand (2017, Delhi, $133.0K)
Series A Digital product sampling solutions for enterprises
Altara Ventures, Uncorrelated Ventures, Tencent,
Healwell24 (2017, Mumbai, $407.3K)
Positive Moves, Integrated Capital, and 4 more SucSEED Indovation, Dr Krishna Nehra, Surpiya Kumari,
Provider of an AI and cloud-based telehealth platform
for patients and doctors Mamta Nehra

Ramesh Tainwala, Abhishek Raj Pandey, Vineet

Krishnan, Puneet Krishna

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of Funding Rounds

List of Funding Rounds (6/11)

List of Funding Rounds in India Tech in April 2021
SEED STAGE SEED STAGE SEED STAGE
$150.0K - Seed $250.0K - Seed $476.7K - Seed
Do Your Thng (2018, Gurgaon, $150.0K) Upscale (2020, Bangalore, $250.0K) ORAI Robotic (2019, Bangalore, $476.7K)
Social platform for monetization of social content Cloud-based CRM solutions provider for businesses AI-based robotic virtual assistant for universities and
colleges
Mumbai Angels, Faad Network Powerhouse Ventures, JavaCapital, GSF Accelerator
IPV
$159.9K - Seed
Dybo (2019, Bangalore, $159.9K) $250.0K - Angel $500.0K - Seed
Provider of product visualization solution furniture Karnival (2019, Bangalore, $285.0K) Vidyakul (2017, Gurgaon, $694.9K)
industries Platform offering customer engagement with smart Provider of e-learning platform for kids
receipts
Spanache, Manoj Nigam , WFC, SOSV
Krishna Kumar, Dravya Dholakia, Shashwat Kumar,
$245.3K - Seed Abhay Tandon, Dinesh Agrawal, and 3 more $500.0K - Seed
Starya (2018, Bangalore, $245.3K) Tagz Foods (2019, Bangalore, $777.5K)
Developer of electric conversion kit for motorcycle $300.0K - Seed Internet first brand offering snacks and food products
Superpro (2020, , $848.9K)
ah! Ventures Online platform to deliver videos directly to consumers Venture Catalysts, Dharamveer Chouhan, Dhruv
Toshniwal, Loy Halder
IvyCap Ventures, ah! Ventures, Pentathlon Ventures,
SOSV, Piyush Prahladka, and 1 more

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of Funding Rounds

List of Funding Rounds (7/11)

List of Funding Rounds in India Tech in April 2021
SEED STAGE SEED STAGE SEED STAGE
$600.0K - Seed $680.6K - Seed $750.0K - Seed
Intents Mobi (2020, Gurgaon, $736.9K) Fantasy Akhada (2020, Gurgaon, $952.9K) LimeChat (2020, Delhi, $750.0K)
App-based community-driven navigation platform Online fantasy sports platform for cricket and football Provider of an AI chatbot for eCommerce applications
offering real-time road condition alerts
Prime Securities Pi Ventures, Stellaris Venture Partners, Kalyan
Auxano, Globevestor, Venture Garage, DevX, Modulor Krishnamurthy, Sujeet Kumar, Ramakant Sharma, and 1
Capital more
$700.0K - Seed
$611.5K - Seed Eunimart (2015, Hyderabad, $2.2M) $780.9K - Seed
Spintly (2017, Salcete, $863.4K) Platform offering cross-border eCommerce solution for FinBox (2015, Mumbai, $1.1M)
Provider of cloud-based electronic identification-based businesses Open banking API provider
access control systems
Supply Chain Labs, Loyal VC, LetsVenture, 9Unicorns IIFL Finance, Arali Ventures
RiSo Capital, SucSEED Indovation, Keiretsu Forum
$797.6K - Seed
$737.4K - Seed SuperK (2019, Kadapa, $1.6M)
$679.9K - Seed PumPumPum (2018, Delhi, $1.0M) Provider of store retail chain solution for Tier 2 towns
Legitquest (2017, Delhi, $1.1M) Online P2P marketplace for pre-owned luxury cars
AI-based legal search engine for Indian case law STRIVE, First Cheque, Ramakant Sharma, Srinivas
IPV, LetsVenture, Agility Ventures Anumolu, Anand Chandrasekaran, and 3 more
WaterBridge Ventures, Info Edge Ventures

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of Funding Rounds

List of Funding Rounds (8/11)

List of Funding Rounds in India Tech in April 2021
SEED STAGE SEED STAGE SEED STAGE
$845.0K - Seed $1.0M - Seed $1.3M - Seed
Evo Foods (2020, Mumbai, $845.0K) Shubu.ai (2020, Bangalore, $1.0M) ArGo (2020, Bangalore, $1.3M)
Provider of plant-based egg substitute food products Provider of an AI-based EHR facilitator for healthcare Provider of front-end application deployment platform
professionals
Sustainable Food Ventures, Kale United, Seven Hound Ascensive Asset Management, Master, , OnChain
Ventures, Hearthstone, Shaun Neff, and 3 more Capital, Aniket Jindal, and 6 more
$1.0M - Seed
Lo! Foods (2018, Bangalore, $1.8M)
$1.0M - Seed Brand of convenience foods and snacks $1.4M - Seed
Nova (2020, Bangalore, $1.0M) Numen Health (2013, Bangalore, $1.4M)
Benefits marketplace for employees' health insurance Ecosystem Ventures, Raveen Sastry, KRS Jamwal, AI-based telehealth and consultation platform for
policies Pratyush Prasanna clinics and patients

Better Capital, Multiply ventures, Titan Capital, Sumit $1.0M - Seed Ankur Capital
Maniyar, Ashish Goyal The WorldGrad (2020, Mumbai, $1.0M)
Online platform providing admission assistance $1.4M - Seed
$1.0M - Seed solutions for abroad studies Krishify (2019, Gurgaon, $1.4M)
LearnVern (2020, Ahmedabad, $1.0M) Provider of an online community platform for farmers
LINC Education Services and retailers
Platform offering technical courses in vernacular
languages
Ankur Capital

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of Funding Rounds

List of Funding Rounds (9/11)

List of Funding Rounds in India Tech in April 2021
SEED STAGE SEED STAGE SEED STAGE
$1.6M - Seed $2.1M - Seed $4.6M - Seed
Magenta Chargegrid (2020, Mumbai, $1.6M) CredFlow (2019, Delhi, $2.1M) Accuknox (2019, Bangalore, $4.6M)
Provider of end-to-end electric vehicle plug-in charging Online B2B platform for invoice financing Cloud container security solutions provider
solutions
Omidyar Network India, Stellaris Venture Partners, National Grid, SRI, Outliers Venture Capital, Z5 Capital
LetsVenture, JITO Incubation & Innovation Foundation Flourish, Nitin Gupta

$2.4M - Seed $13.0M - Seed

$1.7M - Seed Shipway (2015, Gurgaon, $2.4M) Chingari (2018, Bangalore, $18.4M)
Fuel Buddy (2016, Delhi, $4.0M) Courier Tracking and Shipment status Notifications Social platform for sharing entertainment videos
App-based platform offering fuel delivery solutions
OnMobile, ProfitBoard Ventures, JPIN, Republic Labs,
$3.1M - Seed Astarc Ventures, and 3 more
Rishi Kajaria
Fitterfly (2016, Mumbai, $5.9M)
$2.0M - Seed Provider of an online app for children's fitness solution Seed
Fyp Money (2021, Gurgaon, $2.0M) Yearbook Canvas (2018, Jodhpur, $301.0K)
App-based digital bank for teenagers Fireside Ventures, Venture Catalysts, 9Unicorns Online platform to create and publish yearbooks

Liberatha Kallat, Mukesh Yadav, Dinesh Nagpal Marwari Catalysts

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of Funding Rounds

List of Funding Rounds (10/11)

List of Funding Rounds in India Tech in April 2021
SEED STAGE SEED STAGE SEED STAGE
Seed Angel Seed
Polkarare (2021, Mumbai) OnSurity (2020, Bangalore, $2.5M) Mailit (1987, Mumbai)
Blockchain-based network for non-fungible tokens Employer benefits administration platform Provider of integrated logistics & mailroom
management solutions
Digital Finance Group Gaurav Munjal, Aakrit Vaish, Miten Sampat, Harsh Shah
Deepak, Sunil Thomas, and 6 more Ratan Tata
Seed
Maya (2020, ) Seed Seed
Provider of a virtual assistant to automate tasks TCPL (2018, Bangalore) AutoX (2006, Delhi)
Online platform for financial products Internet-first media that provides content-related to
India Quotient, BITSAA the automotive industry
DCB Bank
Seed Travel iconiQ
Gennova (2006, Pune) Seed
Developer of drugs for treating cancer and other Social Swag (2019, ) Seed
disease Online platform providing multi-disciplinary tutoring Ahammune Biosciences (2016, Pune, $1.2M)
solutions Developer of small molecule based therapeutics for the
treatment of skin diseases

Ideaspring Capital, Indian Angel Network, Kotak

Mahindra Bank, Ajith Kamath, Anand Deshpande, and 1
more

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of Funding Rounds

List of Funding Rounds (11/11)

List of Funding Rounds in India Tech in April 2021
SEED STAGE SEED STAGE SEED STAGE
Seed Seed Seed
Vitra.ai (2020, Bangalore, $34.2K) Urja (2017, Delhi) Brainwired (2018, Kochi, $8.5K)
Provider of AI-based video translation, audio and Provider of AI-based industrial energy analytics Livestock health monitoring and tracking solution
subtitle translation solutions for Industrial manufacturing
Agility Ventures
Inflexor, 100x Tata Power, Social Alpha

Seed Seed
Goseeko (2020, Delhi) TruckHall (2015, Kolkata, $70.3K)
Mobile-based platform providing learning solutions for Online loadboard
college students

Digital Futurists Angels Angel

Koo App (2019, Bangalore, $12.4M)
Angel Provider of a vernacular micro-blogging app
HireACamp (2019, Dehradun)
Online marketplace to book holiday campsites Naval Ravikant, Balaji Srinivasan

Seed
Hari Balasubramanian, Uday Chatterjee, Umakant
Panwar AntWak (2020, Bangalore, $1.3M)
Provider of educational videos by professionals

Matrix Partners India, Better Capital, Kunal Shah

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE

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 India Tech: List of New Investors

New Investors (1/2)

List of New Investors in India Tech in April 2021
Investor Company Info Round Amount Round Name
Comvest Partners Leixir
Undisclosed Series C
28 portfolio companies | PE firm investing in North America Developer of a wide range of dental products
AutoX
Travel iconiQ Undisclosed Seed
Internet-first media that provides content-related to the automotive
1 portfolio companies | Travel iconiQ
industry
Inflexor
Vitra.ai Undisclosed Seed
3 portfolio companies | Technology focused venture capital fund and
Provider of AI-based video translation, audio and subtitle translation
management consulting firm
Prime Securities Fantasy Akhada $681K Seed
1 portfolio companies | Investment banking and corporate advisory firm Online fantasy sports platform for cricket and football
Snap ShareChat $502M Series E
9 portfolio companies | Distributed media network for Contextual advertising Provider of a vernacular-based social platform
negencapital.com MobiKwik $5.00M Series E
1 portfolio companies | App-based wallet for consumer payments
Seven Hound Ventures
Evo Foods $845K Seed
7 portfolio companies | Tech startups focused VC firm operating across Los
Provider of plant-based egg substitute food products
Angeles
Arena Holdings Spinny $65.00M Series C
1 portfolio companies | Arena Holdings Online outright buyer of used cars
Carmignac Swiggy $800M Series J
2 portfolio companies | Diversified investment management firm Online platform for food ordering and delivery
ycombinator.com/continuity Groww $83.00M Series D
5 portfolio companies | Y Combinator Continuity Online platform focused on mutual funds

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 India Tech: List of New Investors

New Investors (2/2)

List of New Investors in India Tech in April 2021
Investor Company Info Round Amount Round Name
dbtindia.gov.in Gennova
Undisclosed Seed
3 portfolio companies | Home | Department of Biotechnology Developer of drugs for treating cancer and other disease
National Grid Accuknox
$4.60M Seed
4 portfolio companies | Electricity and gas utility company Cloud container security solutions provider
Ardor Advisors SafexPay
$6.00M Series A
1 portfolio companies | Home - Ardor Advisors White label payment gateway and wallet
White Star Capital
Chingari $13.00M Seed
76 portfolio companies | Early stage VC fund focused on investing in startups
Social platform for sharing entertainment videos
based out of North America & Europe
AddVentures
Bizongo Undisclosed Series C
9 portfolio companies | VC fund investing in startups in industrial, B2B and
Online B2B marketplace for packaging supplies
enterprise verticals
Republic Labs Chingari $13.00M Seed
9 portfolio companies | Venture capital firm investing in multiple sectors Social platform for sharing entertainment videos
BITSAA
Maya Undisclosed Seed
1 portfolio companies | BITSAA International is the Alumni Association of BITS,
Provider of a virtual assistant to automate tasks
Pilani, India (Pilani | Dubai | Goa | Hyderbad)
OnChain Capital ArGo $1.30M Seed
1 portfolio companies | OnChain Capital Provider of front-end application deployment platform
Ascensive Asset Management ArGo $1.30M Seed
5 portfolio companies | Ascensive Assets Provider of front-end application deployment platform
Multiply ventures Nova $1.00M Seed
1 portfolio companies | Multi sector focused early stage VC firm Benefits marketplace for employees' health insurance policies

17 India Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
 Top Funded Business Models - last 1 year
Rank Business Model $ Funding # Rounds Top Funding Round

1 ▲7 Online Food Delivery $2.1B 7 Swiggy | $800M | Series J

2 ▲1 Online Self Paced Test Preparation Courses $1.9B 13 BYJU'S | $801M | Series H

3 ▲26 Vernacular Content Sharing Platform $843M 5 ShareChat | $502M | Series E

4 -- Card Linked Payment Wallets $700M 1 PhonePe | $700M | Unattributed

Vernacular Platforms > News Aggregators > Textual

5 ▲31 Content > Curated Content
$342M 3 DailyHunt | $207M | Series H

6 ▲13 Social Commerce > Reselling Platforms > Diversified $307M 3 Meesho | $300M | Series E

7 ▲30 Long form News Aggregators $307M 2 DailyHunt | $207M | Series H

8 ▼-4 Horizontal B2B Marketplaces $302M 6 udaan | $280M | Series D

Payments > Consumer Payments > Vertical Payments >

9 ▲13 Bill Payments > Credit Cards
$296M 2 CRED | $215M | Series D

10 ▲5 Multi-Industry CRM $282M 2 Freshworks | $250M | Series I

* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

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New Analyst Picks (1/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Upgraded to UNICORN
ShareChat (2015, Bangalore, $225M, Series E)
Provider of a vernacular-based social platform
Venture Highway, Lightspeed Venture Partners, DG
Incubation and 26 other Investors
CRED (2018, Bangalore, $120M, Series B)
Reward-based credit card bill payment platform
Sofina, Hillhouse Capital Group, Akshay Kothari and 38
other Investors
Gupshup (2004, Mumbai, $10.0M, Series E)
Cloud-based messaging and bot development platform
Cambrian Ventures, Lloyd George, Hummer Winblad
Venture Partners and 6 other Investors
Chargebee (2011, Walnut, $125M, Series G)
Subscription management and recurring billing
solutions for businesses
Tiger Global Management, Girish Mathrubootham,
Accel and 3 other Investors
19 India Tech - April 2021
Upgraded to UNICORN
Urban Company (2014, Gurgaon, $343K, Series B)
App-based platform to book multiple local services
Prosus, SAB Holding, Wellington Management and 20
other Investors
Meesho (2015, Bangalore, $100M, Series D)
App-based reselling platform offering multi-category
products
Locus Ventures, Abhishek Jain, Venture Highway and 18
other Investors
Groww (2017, Bangalore, $30.0M, Series C)
Online platform focused on mutual funds
Y Combinator, Ramlal Parmar, RL Parmar and 17 other
Investors
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech: Analyst Picks
Upgraded to SOONICORN
upGrad (2015, Mumbai, $9.3M, Series A)
Mobile-based higher education programs for working
professionals
Unilazer Ventures, IIFL Asset Management,
International Finance Corporation and 1 other Investors
Lead School (2012, Mumbai, $7.0M, Series B)
Academic content learning provider for schools
WestBridge, GSV Ventures, The Rise Fund and 2 other
Investors
DealShare (2018, Jaipur, $11.0M, Series A)
App-based buying platform for multi-category
consumer products
Srinivas Anumolu, AngelList, Milestone Capital and 40
other Investors
CoinSwitch (2017, Bangalore, $25.0M, Series B)
Online & app-based trading platform for
cryptocurrencies
Ribbit Capital, Sequoia Capital, Kunal Shah and 3 other
Investors
 India Tech: Analyst Picks

New Analyst Picks (2/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Upgraded to SOONICORN Upgraded to MINICORN Upgraded to MINICORN
Stashfin (2016, Delhi, $26.6M, Series A) Leixir (2011, Gurgaon, $7.7M, Series B) CredFlow (2019, Delhi, $2.1M, Seed)
App-based platform for personal loans Developer of a wide range of dental products Online B2B platform for invoice financing

GrowX Venture Management, Snow Leopard Ventures, IvyCap Ventures, Apex Capital Holdings, Stakeboat Stellaris Venture Partners, Flourish, Nitin Gupta and 1
Altara Ventures and 27 other Investors Capital and 4 other Investors other Investors

BuyWOW (2016, Bangalore, $50.0M, Series C) Chingari (2018, Bangalore, $1.3M, Seed) Revolt Motors (2014, Gurgaon, $20.1M, Series B)
Internet-first brand offering organic beauty products Social platform for sharing entertainment videos Developer of electric motorbikes

ChrysCapitaland Fabrice Grinda, Brian Norgard, Astarc Ventures and 24 RattanIndia Apna Solarand
other Investors
Fuel Buddy (2016, Delhi, $2.3M, Seed)
SafexPay (2014, Thane, $35.2K, Seed) App-based platform offering fuel delivery solutions
White label payment gateway and wallet
,Rishi Kajariaand
Ardor Advisors, TIDES Business Incubator, RISE Conf and
2 other Investors

Easebuzz (2016, Pune, $4.0M, Seed)

Online selling platform for freelancers

Guild, JioGenNext, Jitendra Gupta and 4 other Investors

20 India Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.

New Analyst Picks (3/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Entrackr (2017, Gurgaon, $500K, Angel)
Startups focused media platform
Ashutosh Valani, Bipin Kumar Shah, Bhawna Agrawal
and 11 other Investors
PlanetSpark (2016, Gurgaon, $449K, Seed)
Provider of online tutoring platform for schools
Inderdeep Singh, Krishna Jha, Deepak Garg and 54
other Investors
Carnot (2015, Mumbai, $1.0M, Seed)
Provider of an AI-enabled guidance system for Tractors
Mahindra,Qualcommand
Kissflow (2012, Wilmington, Unfunded)
Cloud-based digital workplace platform
21 India Tech - April 2021
Added to Editor's Pick
GetMega (2018, Bangalore, $2.0M, Seed)
Real money based gaming platform
Umakant Soni, Subhashis Banerjee, Michael Sjöberg
and 6 other Investors
Blazeclan (2010, Pune, $268K, Angel)
Provider of cloud consulting, DevOps and data analytics
services
Naman Ashokbhai Popatand
FAB BAG (2012, Mumbai, $2.2M, Series A)
Online platform for beauty discovery and subscription
Eknath Deo, Texport Industries, Anand Ladsariya and 18
other Investors
Pencil (2015, Mumbai, $30.7K, Angel)
Provider of a platform for book writing and reading
Shreyas Rao, Vishal Varshne, Ashok Kumar Belani and
136 other Investors
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech: Analyst Picks
Added to Editor's Pick
Eyestem (2016, Bangalore, $1.6M, Seed)
Platform for cell therapy to cure retinitis pigmentosa &
age-related macular degeneration
Gillian Corken, Kotak Mahindra Bank, Impres Health
and 5 other Investors
AntWak (2020, Bangalore, $1.3M, Seed)
Provider of educational videos by professionals
Somnath Chatterjee, Better Capital, Sujit Chakrabarty
and 5 other Investors
Dave.AI (2016, Bangalore, $56.6K, Seed)
Salesf process management tools
GHVH Asia, Sanjay Shah, Sushil Kapoor and 16 other
Investors
Camu (2013, Chennai, $115K, Angel)
Provider of the college/school management platform
iBee Tech Labs,Amarnath Krishnamoorthyand

New Analyst Picks (4/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Rapidbox (2017, Bangalore, $794K, Seed)
App-based online platform offering cashback & rewards
Shubham Gupta, Kunal Bahl, Ashish Goenka and 11
other Investors
LimeChat (2020, Delhi, $750K, Seed)
Provider of an AI chatbot for eCommerce applications
Pi Ventures, Stellaris Venture Partners, Titan Capital
and 4 other Investors
PayTunes (2015, Delhi, $500K, Seed)
Provider of audio Ads management platform
Arun Gupta, Pooja Anoop, Arun Gupta and 54 other
Investors
GlobalLinker (2006, Mumbai, $386K, Angel)
Social platform for SME owners
Meghana Shroff, Ajit Raikar, Nindi Grover and 25 other
Investors
22 India Tech - April 2021
Added to Editor's Pick
DataCultr (2015, Gurgaon, $19.1K, Seed)
Mobile analytics solution for OEMs
Startupbootcamp,JioGenNext,MetLifeand
Periwinkle Technologies (2013, Pune, $28.0K,
Seed)
Developer of device for detecting cervical
abnormalities
Zone Startups, Startups @ Venture Center, BRTSIF and 3
other Investors
Stylework (2016, Delhi, $546K, Seed)
Online marketplace to book shared offices for
corporates, startups, and freelancers
StartUp Craft, IPV, ah! Ventures and 16 other Investors
Vicara (2017, Bangalore, Undisclosed, Angel)
Provider of a wearable device that detects hand
gestures
JioGenNext, Startups Club, ITI Growth Opportunities
and 3 other Investors
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech: Analyst Picks
Added to Editor's Pick
Nova (2020, Bangalore, $1.0M, Seed)
Benefits marketplace for employees' health insurance
policies
Multiply ventures, Better Capital, Ashish Goyal and 2
other Investors
Gameskraft (2017, Bangalore, $215K, Angel)
Developer and publisher of computer and mobile
games
Rajbir Singh Bamel, Sumit Gupta, Vinay Jha and 3 other
Investors
Accuknox (2019, Bangalore, $4.6M, Seed)
Cloud container security solutions provider
SRI, Outliers Venture Capital, National Grid and 1 other
Investors
Solethreads (2012, Delhi, $1.8M, Series A)
Online private label brand of footwear
Saama Capital,DSG Consumer Partnersand

New Analyst Picks (5/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Pivotchain Solutions (2017, Pune, $293K, Seed)
Provider of AI-based integrated video analytics systems
for monitoring airports, homelands and logistics.
Startup-O,MobiKwikand
Bix42 (2017, Jaipur, Undisclosed, Seed)
App-based invoicing and collection solutions
Sweat Equity Partners, SEP Ventures, Sachin Parandker
and 3 other Investors
LearnVern (2020, Ahmedabad, $1.0M, Seed)
Platform offering technical courses in vernacular
languages
Beldara (2014, Mumbai, $7.4M, Series A)
Online B2B marketplace for international sales
Hindustan Media Venturesand
23 India Tech - April 2021
Added to Editor's Pick
Rooter (2016, Delhi, $624K, Seed)
Online social platform offering videos for gamers
Venture Catalysts, Akash Gajwani, Anjali Malhotra and
40 other Investors
IMAGINxP (2015, Pune, $800K, Seed)
User Interface design training
Samyakth Capital, Mehul Agarwal, Amol Karmalkar and
37 other Investors
Superpro (2020, , $100K, Seed)
Online platform to deliver videos directly to consumers
Pentathlon Ventures, SOSV, Trinity Ventures and 7
other Investors
Verteil Technologies (2016, Kochi, Undisclosed,
Seed)
Provider of cloud-driven NDC solution for the airline
industry
KSIDC,Kochouseph Chittilappilly,Bluebell Groupand
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech: Analyst Picks
Added to Editor's Pick
Magenta Chargegrid (2020, Mumbai, Undisclosed,
Seed)
Provider of end-to-end electric vehicle plug-in charging
solutions
JITO Incubation & Innovation Foundation, Shell,
LetsVenture and 1 other Investors
Skyroot (2018, Hyderabad, $1.5M, Angel)
Provides building of technology solutions for satellites
Guraja Raja Sekhar, Mukesh Bansal, Venkat Aravind
Dasyam and 1 other Investors
Sirona (2015, Delhi, $310K, Seed)
Internet first brand of feminine products
Krishna Jha, Anand Ladsariya, Keshav R Murugesh and
47 other Investors
Assurekit (2019, Mumbai, $1.1M, Seed)
Distribution management solution for the insurance
industry
Mayfield,Kae Capitaland
 India Tech: Analyst Picks

New Analyst Picks (6/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Bintix (2005, Hyderabad, $108K, Seed)
Door-step dry waste collection solution provider
Abhay Bhagwat, T-Hub, Rakshay Mohan and 19 other
Investors
Dhurina (2019, Haryana, $137K, Seed)
Online platform providing live courses on multiple
government exams
Bobby Garg, Chandigarh Angels Network, Modulor
Capital and 9 other Investors
Spintly (2017, Salcete, $252K, Seed)
Provider of cloud-based electronic identification-based
access control systems
Keiretsu Forum,SucSEED Indovation,RiSo Capitaland
Added to Editor's Pick
Niyotail (2018, Gurgaon, $267K, Seed)
Retail store aggregator connecting retailers with
manufacturers
Gaurav Dangwa, Seema Ghosh, Prateek Rastogi and 8
other Investors
Do Your Thng (2018, Gurgaon, $150K, Seed)
Social platform for monetization of social content
Mumbai Angels,Faad Network,Atraxnand
Bueno Finance (2018, Gurgaon, $125K, Seed)
Credit building platform
Rajesh Ranjan, Dheeraj Jain, T Lakshmi Suseela and 7
other Investors
Added to Editor's Pick
Colive (2016, Bangalore, Unfunded)
Provider of managed co-living spaces
KODO (2019, Mumbai, $125K, Seed)
Credit cards for startups
Y Combinatorand
Panacea (1999, Kolar, Unfunded)
Developer of devices for radiotherapy
Fantasy Akhada (2020, Gurgaon, Undisclosed, Angel)
Online fantasy sports platform for cricket and football
Dhruv Vijay Suri, Prime Securities, Vishal Kabra and 3
other Investors

Ultrahuman (2019, Bangalore, $7.8M, Series A) ZOKO (2016, Bangalore, $1.4M, Seed)
Provider of meditation practice app for mind and body SaaS-based social selling platform for businesses
transformation
Y Combinator, iSeed, 021 Capital and 2 other Investors
Gaurav Munjal, Nexus, Blume Ventures and 2 other
Investors

24 India Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.

New Analyst Picks (7/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
RummyCulture (2017, Bangalore, Unfunded)
Online gambling platform offering rummy games
EduFund (2019, , $49.9K, Angel)
Goal-based savings planning focused on child's
education
Indu Omprakash Bhandari, Rohan Dhimant Dalal,
Ramanan Venkateswaran and 3 other Investors
Evo Foods (2020, Mumbai, Undisclosed, Seed)
Provider of plant-based egg substitute food products
Ryan Bethencourt, Vaibhav Domkundwar, Kale United
and 10 other Investors
DriveKool (2014, Bangalore, Undisclosed, Seed)
Online driving school booking platform
25 India Tech - April 2021
Added to Editor's Pick
EssentiallySports (2014, Delhi, Unfunded)
Online platform offering multi-category sports news
Medicus (2016, Mumbai, $12.7K, Seed)
Online platform for doctors, pharma companies, and
pharma distributors
Jagrutiben Niravbhai Patel, Nikhil Rameshchandra
Desai, Lalita Vinod Shah and 19 other Investors
QwikTrade (2017, Bangalore, Unfunded)
Gift card management solutions for corporates
TAS (2016, Bangalore, Unfunded)
Provider of drone and aerospace solutions for
enterprises
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech: Analyst Picks
Added to Editor's Pick
BimaPe (2020, Mumbai, $125K, Seed)
Card-based online insurance platform for consumers
Y Combinator,iSeedand
Zymrat (2018, Bangalore, $147K, Seed)
Internet first brand of athleisure wear for men
LetsVenture, Sundaram Guru Shankar, Gurmeet Singh
Anand and 10 other Investors
Nexzu Mobility (2015, Mumbai, $239K, Seed)
Manufacturer of multi-category electric two-wheelers
Qualitrix (2016, Bangalore, Unfunded)
Provider of software testing services

New Analyst Picks (8/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Beagle Security (2018, Thiruvananthapuram,
Unfunded)
Cloud-based web application penetration testing tool
Virtual Logic Systems (2006, Bangalore, $1.2M,
Angel)
Virtual reality solutions for manufacturing & real-estate
Nagaraj Rao H, Venkatesh Swatantra, Dhruva Kumar K
and 23 other Investors
Ekeeda (2016, Mumbai, $4.7K, Angel)
Mobile-based education-tech platform for Engineering
students
Poonam Desai,Samir Nandkumar Karkhansand
Eloelo (2020, Bangalore, $450K, Seed)
Provider of a social real money gaming platform
Apaksh Gupta, WaterBridge Ventures, Vasant Rao and 6
other Investors
26 India Tech - April 2021
Added to Editor's Pick
Odd Giraffe (2017, Mumbai, Undisclosed, Seed)
Internet-first brand offering stationary products
Harvinderjit Singh Bhatia, Vikas Verma, APJ Enterprises
and 8 other Investors
Vitra.ai (2020, Bangalore, $34.2K, Seed)
Provider of AI-based video translation, audio and
subtitle translation
Inflexor,100xand
Navigene (2012, Mumbai, $197K, Seed)
Genetic diagnostics and research
Ravi Didwania, IncuCapital, Arun Mishra and 3 other
Investors
moEVing (2021, Bangalore, $1.0M, Angel)
Provider of electronic mobility solutions for last-mile
delivery
Mandira Gupta, Christoph Wolf, Avinash Hariom Gupta
and 20 other Investors
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech: Analyst Picks
Added to Editor's Pick
Karagiri (2017, Pune, Unfunded)
Internet-first brand offering ethnic wear for women
ArGo (2020, Bangalore, $1.3M, Seed)
Provider of front-end application deployment platform
Siddharth Jain, Ajit Kumar Tripathi, Ascensive Asset
Management and 8 other Investors
WiJungle (2017, Jaipur, Unfunded)
AI & ML-based network security solutions provider
The WorldGrad (2020, Mumbai, $1.0M, Seed)
Online platform providing admission assistance
solutions for abroad studies
LINC Education Servicesand

New Analyst Picks (9/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Shubu.ai (2020, Bangalore, $1.0M, Seed)
Provider of an AI-based EHR facilitator for healthcare
professionals
Dybo (2019, Bangalore, $160K, Seed)
Provider of product visualization solution furniture
industries
Manoj Nigam,Spanacheand
KnowledgeHut (2011, Bangalore, Unfunded)
Training for Professional Certification Courses
Last9 (2020, Pune, Undisclosed, Seed)
Cloud-based incident management software provider
Better Capital, Surge, Alpha JWC Ventures and 2 other
Investors
27 India Tech - April 2021
Added to Editor's Pick
Orbuculum (2017, Chennai, $14.9K, Seed)
Developer of solutions for predicting diseases such as
cancer, cardiac through genomic data
Axilor Ventures,Srinath Batniand
GlobalFair (2021, Gurgaon, Unfunded)
Provider of an online marketplace for procuring stone
slabs
India Quotientand
BrainEnTech (2020, Bangalore, Undisclosed, Seed)
Provider of a neurotech and AI-based solution to
analyze the mental state of customers
Entrepreneur Firstand
Goseeko (2020, Delhi, Undisclosed, Seed)
Mobile-based platform providing learning solutions for
college students
Digital Futurists Angelsand
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech: Analyst Picks
Added to Editor's Pick
Starya (2018, Bangalore, $245K, Seed)
Developer of electric conversion kit for motorcycle
ah! Venturesand
KiloFarms (2020, Chennai, $27.0K, Seed)
Online platform offering tech-enabled services to
farmers
Raj Kapadia, Daehyun Kim, Naveena R and 8 other
Investors
Adfluence Hub (2016, Delhi, Unfunded)
Provider of the influencer marketing platform
Melio (2018, Bangalore, Unfunded)
Online child activity marketplace provider

New Analyst Picks (10/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Buddy Loan (2018, Bangalore, Unfunded)
App-based platform for consumer & business loans
SpareIt (2020, Bangalore, $161K, Seed)
App-based platform offering workshop management
systems
Rajesh Patil, Kaustav Das, Pooja Umashankar and 2
other Investors
TCPL (2018, Bangalore, Undisclosed, Seed)
Online platform for financial products
DCB Bankand
Reevoy (2020, Mumbai, $236K, Seed)
Online lending solution for invoice financing
28 India Tech - April 2021
India Tech: Analyst Picks
Added to Editor's Pick Added to Editor's Pick
Social Swag (2019, , Undisclosed, Seed) Gripla (2017, Bangalore, Unfunded)
Online platform providing multi-disciplinary tutoring Tech recruitment platform
solutions
Prophaze (2009, Gurgaon, Unfunded)
Provider of AI-based web application firewall
My Avni (2019, Thane, $75.0K, Seed)
Internet first brand offering eco-friendly hygienic care
products VLYK (2019, Unfunded)
Provider of the promotional marketing software
solution
WFC,Srikanth Iyengar,Amit Tyagiand
Lyngum (2018, Mumbai, Unfunded)
Fieldscope (2017, Bangalore, Unfunded)
Online marketplace offering multi-category Online job portal for non-profit jobs
handcrafted products
Startup UCLAand
MAKEMYSMS (2009, Mumbai, Unfunded)
Cloud-based SMS message marketing software solution
provider
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
 India Tech: Analyst Picks

New Analyst Picks (11/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Genskill (2019, Kozhikode, Unfunded)
Mobile & AI-based platform providing learning
solutions for college students
Hello Learner (2017, Jaipur, Unfunded)
Online platform providing learning courses for kids
Subconscious Compute (2020, Bangalore,
Unfunded)
Developer of voice-machine interface for IoT devices
ChapterVitamins (2015, Gurgaon, Unfunded)
Cloud-based learning management platform
Added to Editor's Pick
WINDO (2021, Hyderabad, Unfunded)
Provider of tech-enabled solutions to create online
stores and automate sales
The Big Book Box (2017, Delhi, Unfunded)
Online monthly subscription provider of premium
books with doorstep delivery
Qfast (2019, Bangalore, Unfunded)
Provider of the customer engagement and marketing
platform
July Venturesand
Added to Editor's Pick
Opals Apps (2018, Unfunded)
App-based platform for creating photo slideshows
Zwitch (2013, Bangalore, Unfunded)
API-enabled banking software suite for banks &
financial institutions
SwiftBoox (2020, Kolkata, Unfunded)
App-based book reading platform offering multi-genre
books
Jaivik Kheti (2019, Delhi, Unfunded)
Online marketplace offering organic farm produce

Algofusion (2010, Bangalore, Unfunded)

AI-based enterprise reconciliation and automation
software

29 India Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.

New Analyst Picks (12/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Petro Prime (2018, Pune, Unfunded)
Provider of fuel station management software solutions
BookMyCDE (2018, Pune, Unfunded)
Online e-learning platform for dentists
BayFay (2019, Chennai, Unfunded)
Online platform offering cashback for multi-category
products
Bric Spaces (2019, Bangalore, Unfunded)
Online residential and commercial brokerage platform
for real estate professionals
30 India Tech - April 2021
Added to Editor's Pick
LABOMED (2020, Gurgaon, Unfunded)
Provider of microscopes and optical instruments for
research and diagnostics
NTPL Mall (2019, Delhi, Unfunded)
Online app-based platform offering deals
Barfee (2020, Howrah, Unfunded)
Online platform for food ordering and delivery
PawPurrfect (2019, Madurai, Unfunded)
Platform offering multiple services for pets
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech: Analyst Picks
Added to Editor's Pick
peakperformer (2020, Delhi, Unfunded)
Online leadership training and coaching platform for
enterprises
Aarogram (2019, Ahmedabad, Unfunded)
Online care coordination and management tool for
healthcare providers
Blue Barrows (2017, Noida, Unfunded)
Online marketplace platform offering multi-category
handcrafted products
Jame Infotech (2019, Unfunded)
Provider of a social media status downloader app

New Analyst Picks (13/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
immunitoAI (2020, Bangalore, Unfunded)
Developer of AI-based platform for antibody discovery
& therapeutics
HiVoco (2020, Gurgaon, Unfunded)
Mobile-based platform providing voice-based learning
solutions for school students
CCBP (2020, Hyderabad, Unfunded)
Online platform providing a community for tech
students
My APMC (2017, Pune, Unfunded)
Online platform offering farm management software
31 India Tech - April 2021
Added to Editor's Pick
MedML (2020, Delhi, Unfunded)
AI-enabled claims and medical cost management tool
for payers and providers
Isourse Technologies (2010, Delhi, Unfunded)
Provider of AI-enabled warehouse management
solutions
i-XL Technologies (2008, Mumbai, Unfunded)
Loan life cycle management software for lenders &
financial institutions
Craftsmac Labs (2014, Kochi, Unfunded)
Provider of robotics solutions for the construction
industry
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech: Analyst Picks
Added to Editor's Pick
ICS Mobile (2012, Bangalore, Unfunded)
Platform providing solutions for omnichannel
marketing
ERPNext (2016, Mumbai, Unfunded)
Cloud-based open source ERP software provider
nMonit (2019, Bangalore, Unfunded)
Provider of an end-to-end platform for IoT applications
Soccersouls (2012, Coimbatore, Unfunded)
Platform offering news related to soccer

New Analyst Picks (14/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Chemxpert (2018, Noida, Unfunded)
Provider of online cloud-based B2B marketplace for
chemicals
Scooppin (2017, Bangalore, Unfunded)
Online on-demand marketplace for trainers
TalentsCrew (2018, Gurgaon, Unfunded)
Online jobs portal for multiple industries
RailRecipe (2019, Patna, Unfunded)
Online marketplace to order food in trains
32 India Tech - April 2021
India Tech: Analyst Picks
Added to Editor's Pick Added to Editor's Pick
Art Fervour (2017, Kolkata, Unfunded) Edisonos (2020, Bangalore, Unfunded)
Online discovery platform for the visual arts Online platform providing educational management
solutions
Walking Frames Productions (2016, Ghaziabad,
Unfunded)
Tecoser (2018, Patna, Unfunded)
Provider of the content creation software solution
Cloud-based SMS message marketing software solution
provider
bizy.club (2020, Delhi, Unfunded)
Cloud-based lead generation software solution
Peopal (2016, Bangalore, Unfunded)
provider
Provider of building security management solutions for
enterprises
Surgery Second Opinion (2013, Delhi, Unfunded)
Provider of a second opinion medical consultation
Paytail (2020, Delhi, Unfunded)
platform for patients
Provider of payment financing solution for shoppers
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.

New Analyst Picks (15/17)
Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
IntelliStride (2019, Bangalore, Unfunded)
Provider of RFID hardware products
PharmaXP (2015, Nanded, Unfunded)
Online supply chain management software for
pharmacists
AiBorne (2019, Delhi, Unfunded)
Provider of an AI and AR-based solution to visualize
industrial processes
Zog (2015, Kochi, Unfunded)
Digital signage and display solutions provider
33 India Tech - April 2021
Added to Editor's Pick
IndianFolk (2014, Hyderabad, Unfunded)
App-based platform allowing users to contribute
opinions on various topics
FollowersAnalysis (2018, Noida, Unfunded)
Cloud-based Twitter management software solution
provider
Cashcry (2018, Sultanpur, Unfunded)
App-based platform offering cashback and offers
Fluvid (2018, Noida, Unfunded)
Offers online screen capture & video recording
platform
Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
India Tech: Analyst Picks
Added to Editor's Pick
NDS Eco Motors (2015, Bangalore, Unfunded)
Developer of electric-scooters
MySchoolERP (2009, Udaipur, Unfunded)
Mobile & Web-based platform providing school
management system
Transform (2020, Hyderabad, Unfunded)
Mobile-based application for personalized expert-led
training on fitness and nutrition
MyTradeC (2017, Coimbatore, Unfunded)
Online trade calculator for capital market investments
 India Tech: Analyst Picks

New Analyst Picks (16/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick
Jinglebid (2020, Chennai, Unfunded)
Online reverse auction marketplace for multi-category
products
Pennyer (2016, Pune, Unfunded)
App-based platform offering rewards and deals
Added to Editor's Pick Added to Editor's Pick
Adstacks (2016, Gurgaon, Unfunded) 11Caps (2020, Unfunded)
Online advertising network Provider of fantasy cricket platform
BVowed (2019, Gurgaon, Unfunded) CuriousJr (2020, Gurgaon, Unfunded)
Online platform offering dating & matchmaking Mobile-based platform providing coding-related
services learning solutions

Pagaria Computers (1996, Bangalore, Unfunded)
Provider of fuel station management software solutions
Checkin (2018, Unfunded)
Cloud-based attendance tracking application for
enterprises
Sportvot (2018, Mumbai, Unfunded) Olvy (2020, Bangalore, Unfunded)
Multi channel network for sports content Provider of cloud-based product feedback analytics
software
Boingg (2018, Gurgaon, Unfunded)
Internet first brand offering furniture for kids
TrueWheel (2020, Delhi, Unfunded)
Provider of the parking management solution for
parking operators

34 India Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
 India Tech: Analyst Picks

New Analyst Picks (17/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick
LNG (2019, Bangalore, Unfunded) Frxnl (2018, Gurgaon, Unfunded)
Cloud-based face recognition attendance system for Fractional investment platform for real estate investors
enterprises

Poras GPS (2020, Noida, Unfunded)

Provider of web & GPS-enabled fleet tracking solutions

ReaderSpace (2020, Ahmedabad, Unfunded)

SaaS-driven platform offering Whatsapp-based news
analysis

Indiansports11.com (2019, Unfunded)

Provider of cloud-based statistic analysis fantasy sports
platform

35 India Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
 India Tech: Acquisitions

Acquisitions (1/2)
List of Acquisitions in India Tech in April 2021
Acq. Date Company Acquirer Deal Size
Pharmarack(2015, Pune, $5.8M)
07 Apr 2021
Provider of a SaaS based pharmacy management solution
Quovantis(2010, Delhi)
08 Apr 2021 Emids
Product design and development company
Escorts securities(1996, Delhi)
08 Apr 2021 Choice
Investment management firm
Sports Flashes(2016, Mumbai, $1.6M)
09 Apr 2021 ITV Network
Online sports content platform
Kamatan(2017, Delhi, $9.5M)
12 Apr 2021 Samunnati
Produces and supplies agricultural products
Pipa • Bella(2012, Mumbai, $1.6M)
12 Apr 2021 Nykaa Fashion
Internet-first brand of jewelry
Cleartrip(2005, Mumbai, $69.5M)
15 Apr 2021 Flipkart
Online multiple travel service booking platform
GamingMonk(2014, Delhi, $0.7M)
20 Apr 2021 MPL
e-sports gaming organization
GoldSeat(2016, Delhi, $0.2M)
21 Apr 2021 IntrCity SmartBus
In-transit entertainment application
Showman(2019, Bangalore)
22 Apr 2021 Instamojo
Platform offering virtual theatre

36 India Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
 India Tech: Acquisitions

Acquisitions (2/2)
List of Acquisitions in India Tech in April 2021
Acq. Date Company Acquirer Deal Size
Nadhi Information Technologies(2008, Chennai) Bentley’s Acceleration
27 Apr 2021
Construction project planning and management solution Initiatives
Phonon(2006, Vadodara)
29 Apr 2021 Contact centre automation and customer communication Route Mobile $3.9M
management solutions

37 India Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
 India Tech:News
Recent News (1/2)
Recent News in India Tech in April 2021
Exit News ● Nucleus Software appoints Parag Bhise as new CEO Asian News International
. .

● Flipkart set to acquire Cleartrip for USD 40 million in distress sale India Web Portal ● Caratlane appoints Avnish Anand as its chief operating officer Fashion Network
.
.
● Payments Solution Provider Fave Acquired for $45M by Asian Commerce ● ICT Has Potential To Reduce Carbon Emissions In Africa NCNOnline
.
Platform Pine Labs Crowdfund Insider
.
● UK Neo-Bank Revolut Hiring 300 Positions In India, Appoints Paroma
● What Zomato's DRHP says about the Indian unicorn's IPO plans — Quartz India Chatterjee As CEO MediaNama
.
Quartz
. ● Homegrown social networking platform Hike hires Manav Arya as head of Rush
● Info Edge to sell Rs 750 crore Zomato shares in upcoming IPO The Economic Times New Indian Express
.
.
● Mobile Premier League acquires GamingMonk to widen e-sports portfolio ● InMobi appoints Krista Thomas as Senior VP and Global Head of Marketing for
YourStory Media InMobi Marketing Cloud BestMediaInfo
. .
● Servify Acquires Europe Based WebToGo, a Provider for Multichannel Self-care Company News
and Customer Experience Solutions PR Newswire .
. ● Zomato forays into dietary supplements, makes its own 'made in India' brand
● Nykaa Fashion strengthens brand portfolio with Pipa Bella acquisition Fashion YourStory Media
Network .
. ● Alembic Pharmaceuticals Gains After Its Jv Gets Final Approval For Nystatin,
● Zomato files papers for Rs 8,250 crore IPO India Web Portal Triamcinolone Acetonide Cream Udaipur Kiran
. .
Fund News Regulatory News
. .
● Amazon launches $250 million venture fund for tech innovation in agri and ● Bharat Biotech after Brazil denies certificate to Covaxin facility Business Today
health Dataquest
.
People News
.
● Zomato elevates Mohit Gupta as its co-founder Entrackr
.
38 ●
IndiaOla Electric
Tech names
- April 2021Hyundai veteran Yongsung Kim as global sales head Business Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Standard
 India Tech:News
Recent News (2/2)
Recent News in India Tech in April 2021
● Amazon Said to Call on India Not to Alter E-Commerce Investment Rules NDTV
.
● Amazon urges Centre to not alter e-commerce investment rules Business Today

39 India Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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