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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 India Tech: Analyst Picks

New Analyst Picks (1/17)

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

New Analyst Picks (3/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
Entrackr (2017, Gurgaon, $500K, Angel) GetMega (2018, Bangalore, $2.0M, Seed) Eyestem (2016, Bangalore, $1.6M, Seed)
Startups focused media platform Real money based gaming platform Platform for cell therapy to cure retinitis pigmentosa &
age-related macular degeneration
Ashutosh Valani, Bipin Kumar Shah, Bhawna Agrawal Umakant Soni, Subhashis Banerjee, Michael Sjöberg
and 11 other Investors and 6 other Investors Gillian Corken, Kotak Mahindra Bank, Impres Health
and 5 other Investors
PlanetSpark (2016, Gurgaon, $449K, Seed) Blazeclan (2010, Pune, $268K, Angel)
Provider of online tutoring platform for schools Provider of cloud consulting, DevOps and data analytics AntWak (2020, Bangalore, $1.3M, Seed)
services Provider of educational videos by professionals
Inderdeep Singh, Krishna Jha, Deepak Garg and 54
other Investors Naman Ashokbhai Popatand Somnath Chatterjee, Better Capital, Sujit Chakrabarty
and 5 other Investors
Carnot (2015, Mumbai, $1.0M, Seed) FAB BAG (2012, Mumbai, $2.2M, Series A)
Provider of an AI-enabled guidance system for Tractors Online platform for beauty discovery and subscription Dave.AI (2016, Bangalore, $56.6K, Seed)
Salesf process management tools
Mahindra,Qualcommand Eknath Deo, Texport Industries, Anand Ladsariya and 18
other Investors GHVH Asia, Sanjay Shah, Sushil Kapoor and 16 other
Investors
Kissflow (2012, Wilmington, Unfunded)
Cloud-based digital workplace platform Pencil (2015, Mumbai, $30.7K, Angel) Camu (2013, Chennai, $115K, Angel)
Provider of a platform for book writing and reading Provider of the college/school management platform

Shreyas Rao, Vishal Varshne, Ashok Kumar Belani and iBee Tech Labs,Amarnath Krishnamoorthyand
136 other Investors

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

New Analyst Picks (4/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
Rapidbox (2017, Bangalore, $794K, Seed) DataCultr (2015, Gurgaon, $19.1K, Seed) Nova (2020, Bangalore, $1.0M, Seed)
App-based online platform offering cashback & rewards Mobile analytics solution for OEMs Benefits marketplace for employees' health insurance
policies
Shubham Gupta, Kunal Bahl, Ashish Goenka and 11 Startupbootcamp,JioGenNext,MetLifeand
other Investors Multiply ventures, Better Capital, Ashish Goyal and 2
Periwinkle Technologies (2013, Pune, $28.0K, other Investors
Seed)
LimeChat (2020, Delhi, $750K, Seed) Developer of device for detecting cervical Gameskraft (2017, Bangalore, $215K, Angel)
Provider of an AI chatbot for eCommerce applications abnormalities Developer and publisher of computer and mobile
games
Pi Ventures, Stellaris Venture Partners, Titan Capital Zone Startups, Startups @ Venture Center, BRTSIF and 3
and 4 other Investors other Investors Rajbir Singh Bamel, Sumit Gupta, Vinay Jha and 3 other
Investors
Stylework (2016, Delhi, $546K, Seed)
PayTunes (2015, Delhi, $500K, Seed) Online marketplace to book shared offices for Accuknox (2019, Bangalore, $4.6M, Seed)
Provider of audio Ads management platform corporates, startups, and freelancers Cloud container security solutions provider

Arun Gupta, Pooja Anoop, Arun Gupta and 54 other StartUp Craft, IPV, ah! Ventures and 16 other Investors SRI, Outliers Venture Capital, National Grid and 1 other
Investors Investors
Vicara (2017, Bangalore, Undisclosed, Angel)
GlobalLinker (2006, Mumbai, $386K, Angel) Provider of a wearable device that detects hand Solethreads (2012, Delhi, $1.8M, Series A)
Social platform for SME owners gestures Online private label brand of footwear

Meghana Shroff, Ajit Raikar, Nindi Grover and 25 other JioGenNext, Startups Club, ITI Growth Opportunities Saama Capital,DSG Consumer Partnersand
Investors and 3 other Investors

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

New Analyst Picks (5/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
Pivotchain Solutions (2017, Pune, $293K, Seed) Rooter (2016, Delhi, $624K, Seed) Magenta Chargegrid (2020, Mumbai, Undisclosed,
Provider of AI-based integrated video analytics systems Online social platform offering videos for gamers Seed)
for monitoring airports, homelands and logistics. Provider of end-to-end electric vehicle plug-in charging
Venture Catalysts, Akash Gajwani, Anjali Malhotra and solutions
Startup-O,MobiKwikand 40 other Investors
JITO Incubation & Innovation Foundation, Shell,
LetsVenture and 1 other Investors
Bix42 (2017, Jaipur, Undisclosed, Seed) IMAGINxP (2015, Pune, $800K, Seed)
App-based invoicing and collection solutions User Interface design training Skyroot (2018, Hyderabad, $1.5M, Angel)
Provides building of technology solutions for satellites
Sweat Equity Partners, SEP Ventures, Sachin Parandker Samyakth Capital, Mehul Agarwal, Amol Karmalkar and
and 3 other Investors 37 other Investors Guraja Raja Sekhar, Mukesh Bansal, Venkat Aravind
Dasyam and 1 other Investors
LearnVern (2020, Ahmedabad, $1.0M, Seed) Superpro (2020, , $100K, Seed)
Platform offering technical courses in vernacular Online platform to deliver videos directly to consumers
languages Sirona (2015, Delhi, $310K, Seed)
Pentathlon Ventures, SOSV, Trinity Ventures and 7 Internet first brand of feminine products
other Investors
Beldara (2014, Mumbai, $7.4M, Series A)
Online B2B marketplace for international sales Krishna Jha, Anand Ladsariya, Keshav R Murugesh and
47 other Investors
Verteil Technologies (2016, Kochi, Undisclosed,
Hindustan Media Venturesand
Seed) Assurekit (2019, Mumbai, $1.1M, Seed)
Provider of cloud-driven NDC solution for the airline Distribution management solution for the insurance
industry industry

KSIDC,Kochouseph Chittilappilly,Bluebell Groupand Mayfield,Kae Capitaland

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

New Analyst Picks (7/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
RummyCulture (2017, Bangalore, Unfunded) EssentiallySports (2014, Delhi, Unfunded) BimaPe (2020, Mumbai, $125K, Seed)
Online gambling platform offering rummy games Online platform offering multi-category sports news Card-based online insurance platform for consumers

EduFund (2019, , $49.9K, Angel) Medicus (2016, Mumbai, $12.7K, Seed) Y Combinator,iSeedand
Goal-based savings planning focused on child's Online platform for doctors, pharma companies, and
education pharma distributors
Zymrat (2018, Bangalore, $147K, Seed)
Indu Omprakash Bhandari, Rohan Dhimant Dalal, Jagrutiben Niravbhai Patel, Nikhil Rameshchandra Internet first brand of athleisure wear for men
Ramanan Venkateswaran and 3 other Investors Desai, Lalita Vinod Shah and 19 other Investors
LetsVenture, Sundaram Guru Shankar, Gurmeet Singh
Evo Foods (2020, Mumbai, Undisclosed, Seed) QwikTrade (2017, Bangalore, Unfunded) Anand and 10 other Investors
Provider of plant-based egg substitute food products Gift card management solutions for corporates
Nexzu Mobility (2015, Mumbai, $239K, Seed)
Ryan Bethencourt, Vaibhav Domkundwar, Kale United Manufacturer of multi-category electric two-wheelers
TAS (2016, Bangalore, Unfunded)
and 10 other Investors Provider of drone and aerospace solutions for
enterprises Qualitrix (2016, Bangalore, Unfunded)
Provider of software testing services
DriveKool (2014, Bangalore, Undisclosed, Seed)
Online driving school booking platform

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

New Analyst Picks (8/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
Beagle Security (2018, Thiruvananthapuram, Odd Giraffe (2017, Mumbai, Undisclosed, Seed) Karagiri (2017, Pune, Unfunded)
Unfunded) Internet-first brand offering stationary products Internet-first brand offering ethnic wear for women
Cloud-based web application penetration testing tool
Harvinderjit Singh Bhatia, Vikas Verma, APJ Enterprises ArGo (2020, Bangalore, $1.3M, Seed)
and 8 other Investors Provider of front-end application deployment platform
Virtual Logic Systems (2006, Bangalore, $1.2M,
Angel)
Siddharth Jain, Ajit Kumar Tripathi, Ascensive Asset
Virtual reality solutions for manufacturing & real-estate
Vitra.ai (2020, Bangalore, $34.2K, Seed) Management and 8 other Investors
Provider of AI-based video translation, audio and
Nagaraj Rao H, Venkatesh Swatantra, Dhruva Kumar K
subtitle translation
and 23 other Investors
WiJungle (2017, Jaipur, Unfunded)
Inflexor,100xand AI & ML-based network security solutions provider

Ekeeda (2016, Mumbai, $4.7K, Angel) Navigene (2012, Mumbai, $197K, Seed) The WorldGrad (2020, Mumbai, $1.0M, Seed)
Mobile-based education-tech platform for Engineering Genetic diagnostics and research Online platform providing admission assistance
students
solutions for abroad studies
Ravi Didwania, IncuCapital, Arun Mishra and 3 other
Poonam Desai,Samir Nandkumar Karkhansand Investors LINC Education Servicesand
Eloelo (2020, Bangalore, $450K, Seed) moEVing (2021, Bangalore, $1.0M, Angel)
Provider of a social real money gaming platform Provider of electronic mobility solutions for last-mile
delivery
Apaksh Gupta, WaterBridge Ventures, Vasant Rao and 6
other Investors Mandira Gupta, Christoph Wolf, Avinash Hariom Gupta
and 20 other Investors

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

New Analyst Picks (9/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
Shubu.ai (2020, Bangalore, $1.0M, Seed) Orbuculum (2017, Chennai, $14.9K, Seed) Starya (2018, Bangalore, $245K, Seed)
Provider of an AI-based EHR facilitator for healthcare Developer of solutions for predicting diseases such as Developer of electric conversion kit for motorcycle
professionals cancer, cardiac through genomic data
ah! Venturesand
Axilor Ventures,Srinath Batniand
Dybo (2019, Bangalore, $160K, Seed)
Provider of product visualization solution furniture GlobalFair (2021, Gurgaon, Unfunded) KiloFarms (2020, Chennai, $27.0K, Seed)
industries Provider of an online marketplace for procuring stone Online platform offering tech-enabled services to
slabs farmers
Manoj Nigam,Spanacheand
India Quotientand Raj Kapadia, Daehyun Kim, Naveena R and 8 other
KnowledgeHut (2011, Bangalore, Unfunded) Investors
Training for Professional Certification Courses BrainEnTech (2020, Bangalore, Undisclosed, Seed)
Provider of a neurotech and AI-based solution to Adfluence Hub (2016, Delhi, Unfunded)
Last9 (2020, Pune, Undisclosed, Seed) analyze the mental state of customers Provider of the influencer marketing platform
Cloud-based incident management software provider
Entrepreneur Firstand Melio (2018, Bangalore, Unfunded)
Better Capital, Surge, Alpha JWC Ventures and 2 other
Online child activity marketplace provider
Investors Goseeko (2020, Delhi, Undisclosed, Seed)
Mobile-based platform providing learning solutions for
college students

Digital Futurists Angelsand

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

New Analyst Picks (10/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
Buddy Loan (2018, Bangalore, Unfunded) Social Swag (2019, , Undisclosed, Seed) Gripla (2017, Bangalore, Unfunded)
App-based platform for consumer & business loans Online platform providing multi-disciplinary tutoring Tech recruitment platform
solutions
SpareIt (2020, Bangalore, $161K, Seed) Prophaze (2009, Gurgaon, Unfunded)
App-based platform offering workshop management Provider of AI-based web application firewall
My Avni (2019, Thane, $75.0K, Seed)
systems
Internet first brand offering eco-friendly hygienic care
products VLYK (2019, Unfunded)
Rajesh Patil, Kaustav Das, Pooja Umashankar and 2 Provider of the promotional marketing software
other Investors solution
WFC,Srikanth Iyengar,Amit Tyagiand
TCPL (2018, Bangalore, Undisclosed, Seed) Lyngum (2018, Mumbai, Unfunded)
Online platform for financial products Fieldscope (2017, Bangalore, Unfunded)
Online marketplace offering multi-category Online job portal for non-profit jobs
handcrafted products
DCB Bankand
Startup UCLAand
Reevoy (2020, Mumbai, $236K, Seed)
Online lending solution for invoice financing
MAKEMYSMS (2009, Mumbai, Unfunded)
Cloud-based SMS message marketing software solution
provider

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

New Analyst Picks (12/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
Petro Prime (2018, Pune, Unfunded) LABOMED (2020, Gurgaon, Unfunded) peakperformer (2020, Delhi, Unfunded)
Provider of fuel station management software solutions Provider of microscopes and optical instruments for Online leadership training and coaching platform for
research and diagnostics enterprises

BookMyCDE (2018, Pune, Unfunded) NTPL Mall (2019, Delhi, Unfunded) Aarogram (2019, Ahmedabad, Unfunded)
Online e-learning platform for dentists Online app-based platform offering deals Online care coordination and management tool for
healthcare providers
BayFay (2019, Chennai, Unfunded) Barfee (2020, Howrah, Unfunded)
Online platform offering cashback for multi-category Online platform for food ordering and delivery
Blue Barrows (2017, Noida, Unfunded)
products
Online marketplace platform offering multi-category
PawPurrfect (2019, Madurai, Unfunded) handcrafted products
Platform offering multiple services for pets
Bric Spaces (2019, Bangalore, Unfunded)
Online residential and commercial brokerage platform
Jame Infotech (2019, Unfunded)
for real estate professionals
Provider of a social media status downloader app

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

New Analyst Picks (13/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
immunitoAI (2020, Bangalore, Unfunded) MedML (2020, Delhi, Unfunded) ICS Mobile (2012, Bangalore, Unfunded)
Developer of AI-based platform for antibody discovery AI-enabled claims and medical cost management tool Platform providing solutions for omnichannel
& therapeutics for payers and providers marketing

HiVoco (2020, Gurgaon, Unfunded) Isourse Technologies (2010, Delhi, Unfunded) ERPNext (2016, Mumbai, Unfunded)
Mobile-based platform providing voice-based learning Provider of AI-enabled warehouse management Cloud-based open source ERP software provider
solutions for school students solutions
nMonit (2019, Bangalore, Unfunded)
Provider of an end-to-end platform for IoT applications
CCBP (2020, Hyderabad, Unfunded)
Online platform providing a community for tech
i-XL Technologies (2008, Mumbai, Unfunded)
students
Loan life cycle management software for lenders &
financial institutions Soccersouls (2012, Coimbatore, Unfunded)
Platform offering news related to soccer
My APMC (2017, Pune, Unfunded)
Online platform offering farm management software
Craftsmac Labs (2014, Kochi, Unfunded)
Provider of robotics solutions for the construction
industry

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

New Analyst Picks (14/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
Chemxpert (2018, Noida, Unfunded) Art Fervour (2017, Kolkata, Unfunded) Edisonos (2020, Bangalore, Unfunded)
Provider of online cloud-based B2B marketplace for Online discovery platform for the visual arts Online platform providing educational management
chemicals solutions
Walking Frames Productions (2016, Ghaziabad,
Unfunded)
Scooppin (2017, Bangalore, Unfunded) Tecoser (2018, Patna, Unfunded)
Provider of the content creation software solution
Online on-demand marketplace for trainers Cloud-based SMS message marketing software solution
provider
TalentsCrew (2018, Gurgaon, Unfunded) bizy.club (2020, Delhi, Unfunded)
Online jobs portal for multiple industries Cloud-based lead generation software solution
Peopal (2016, Bangalore, Unfunded)
provider
Provider of building security management solutions for
RailRecipe (2019, Patna, Unfunded) enterprises
Online marketplace to order food in trains
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

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

New Analyst Picks (15/17)

Interesting Companies identified by Analysts in India Tech in April 2021
Added to Editor's Pick Added to Editor's Pick Added to Editor's Pick
IntelliStride (2019, Bangalore, Unfunded) IndianFolk (2014, Hyderabad, Unfunded) NDS Eco Motors (2015, Bangalore, Unfunded)
Provider of RFID hardware products App-based platform allowing users to contribute Developer of electric-scooters
opinions on various topics
PharmaXP (2015, Nanded, Unfunded) MySchoolERP (2009, Udaipur, Unfunded)
Online supply chain management software for Mobile & Web-based platform providing school
FollowersAnalysis (2018, Noida, Unfunded)
pharmacists management system
Cloud-based Twitter management software solution
provider
AiBorne (2019, Delhi, Unfunded) Transform (2020, Hyderabad, Unfunded)
Provider of an AI and AR-based solution to visualize Mobile-based application for personalized expert-led
Cashcry (2018, Sultanpur, Unfunded)
industrial processes training on fitness and nutrition
App-based platform offering cashback and offers

Zog (2015, Kochi, Unfunded) Fluvid (2018, Noida, Unfunded) MyTradeC (2017, Coimbatore, Unfunded)
Digital signage and display solutions provider Offers online screen capture & video recording Online trade calculator for capital market investments
platform

33 India Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
 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 Added to Editor's Pick Added to Editor's Pick
Jinglebid (2020, Chennai, Unfunded) Adstacks (2016, Gurgaon, Unfunded) 11Caps (2020, Unfunded)
Online reverse auction marketplace for multi-category Online advertising network Provider of fantasy cricket platform
products
BVowed (2019, Gurgaon, Unfunded) CuriousJr (2020, Gurgaon, Unfunded)
Online platform offering dating & matchmaking Mobile-based platform providing coding-related
Pennyer (2016, Pune, Unfunded)
services learning solutions
App-based platform offering rewards and deals

Pagaria Computers (1996, Bangalore, Unfunded) Sportvot (2018, Mumbai, Unfunded) Olvy (2020, Bangalore, Unfunded)
Provider of fuel station management software solutions 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
Checkin (2018, Unfunded)
parking operators
Cloud-based attendance tracking application for
enterprises

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.
 India Tech: Explore more on Tracxn Platform

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