Business Startups

Indian Startup Funding Summary for October 2020 – October 5th to October 10th Week

indian startup funding october 2020

October 2020 has been a very encouraging month so far as it is raining ‘funding’ in the Indian startup space. Chennai based subscription management portal, Chargebee led the way with a whopping $55 million. Apart from this several startups secured a decent round of investments which is summarized in this post. A total of close to $100M was disbursed for 21 startups in different rounds.

Indian Startup Funding Summary – October 5 to 10

  • Chargebee: $55 Mn
  • Uni: $18.5 Mn
  • Winuall: $2 Mn
  • Unnati: $1.7 Mn
  • Disprz: $1.6 Mn
  • Credit Wise Capital: $6 Mn
  • Ergos: $5 Mn
  • Treebo: $3 Mn
  • NirogStreet: $2 Mn
  • Livve: $1.5 Mn
  • Krishitantra: $1 Mn
  • Acculi Lab: $684K
  • Monet Network: $500K
  • Genrobotics: $342K
  • Gourmet Garden: Undisclosed
  • Bambrew: Undisclosed
  • MikeLegal: Undisclosed
  • Omnify: Undisclosed
  • Unocoin: Undisclosed
  • PakkaProfile: Undisclosed
  • Pesto Tech: Undisclosed

Chargebee Leads the Way with $55M in Series F Round

Great news awaited the Chennai based subscription management startup, Chargebee which raised $55 million.

Investors: Insight Partners, Tiger Global and Steadview Capital

Amount:

Round: Series F

What’s the Funding For: Platform improvement, diversify with new solutions for complicated revenue models.

Credit Wise Capital

Investors: Insight Partners, Tiger Global and Steadview Capital

Amount:

Round: Series F

What’s the Funding For: Platform improvement, diversify with new solutions for complicated revenue models.

Ergos

Investors: Chiratae Ventures and Aavishkaar Capital

Amount:$5 million

Round: Part of larger round of $10M

What’s the Funding For: NA

Uni

Investors: Lightspeed India Partners and Accel Partners

Amount: $18.5 million

Round: NA

What’s the Funding For: Platform improvement, diversify with new solutions for complicated revenue models.

Credit Wise Capital

Investors: Mayank Shah, MJ Shah Group

Amount: $6 million

Round: Seed

What’s the Funding For: Improve deal networks, increase presence in different locations, enhance technology for collection

Treebo

Investors: Matrix Partners India, SAIF Partners, Bertelsmann India Investments, and Ward Ferry

Amount: $3 million

Round: Series D

What’s the Funding For: Improve presence and upkeep of current inventory

Nirog Street

Investors: Wavemaker Partners and Amand Ventures

Amount: $2 million

Round: Pre Series A

What’s the Funding For: Improve penetration, technology core and supply chain modernization

Winuall

Investors: Prime Venture Partners, Beenext, LivSpace’s founder Ramakant Sharma

Amount: $2 million

Round: Series D

What’s the Funding For: Improve team strength and product features

Disprz

Investors: Auctus Capital

Amount: $2 million

Round: NA

What’s the Funding For: Improve platform growth and skill factors

Livve

Investors: Undisclosed

Amount: $1.5 million

Round: Seed

What’s the Funding For: NA

Unnati

Investors: Nabventures Fund

Amount: $1.7 million

Round: Pre-Series A

What’s the Funding For: Improve tech platform and crop footprint

Krishitantra

Investors: Nabventures, Omnivore

Amount: $1 million

Round: Seed

What’s the Funding For: Expansion on national and international markets

About the author

Mike Butcher

Mike Butcher

Mike is a seasoned journalist with nearly 10 years of experience. While studying journalism at the University of Tennessee, Mike found a passion for finding engaging stories. As a contributor to PDQ Wire, Mike mostly covers state and national developments.
Email:pr@pdqmedia.in

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