In this episode of India Tech - Weekly Deals Roundup: India Tech saw 18 companies including OneCard, BookMyShow, InsuranceDekho, and others raised around $372 million from investors such as Temasek, TPG, Panthera Growth Partners, among others.
Welcome back to India Tech Weekly Deals Roundup, a weekly podcast by Tracxn for key startup deals in India from last week.
In this edition, we will cover funding rounds of OneCard, BookMyShow, InsuranceDekho, and more. In exits, we will cover the acquisition of Shippigo by Emiza among others.
Starting with our deep dive into funding rounds, tech companies in India raised around $372 million of funding across 18 funding rounds during this week.
In a major funding event, FinTech startup, OneCard, raised $100 million in a Series D funding round led by Temasek, and GIC. It offers an application that allows users to control all aspects of credit cards including credit limit, instant rewards redemption, domestic and international use, online and offline transactions, contactless payments, and more. It also provides a loyalty program to consumers by offering them reward points and allowing them to redeem on their next purchase. Founded in 2019 by IIT Delhi alumni and IIM Bangalore alumni, Pune-based, OneCard has raised $226 million till date.
Media and Entertainment startup, BookMyShow, raised $100 million in a Series D funding round led by TPG. Book My Show offers a ticketing platform for theaters, sports, activities, fan hood, workshops, concerts, dramas, movies, and more. It also allows users to host events, and provides online marketing solutions through its gateway. The application is available for iOS and Android users. Founded in 1999, Mumbai-based Book My Show has raised $328 million till date.
Haryana-based, FinTech startup, InsuranceDekho, raised $100 million. It offers an online comparison platform for life, property, and casualty insurance. InsuranceDekho allows users to choose from various policies, compare prices, and make payments. It also provides technical support and assistance during claim settlements and offers insurance plans for health, cars, and bikes. Founded in 2009, InsuranceDekho has raised $120 million till date.
FinTech startup, Innoviti, raised $45 million in a Series D funding round led by Panthera Growth Partners. Innoviti offers POS and payment management software solutions for businesses. It offers a collaborative commerce payments platform for merchants to accept payments from credit cards, debit cards, mobile wallets, and UPI. It also enables lenders to disburse loans and extend EMI services to customers at POS terminals. Founded in 2002 by IIT Bombay alumni, Bangalore-based Innoviti has raised $130 million till date.
MarketWolf, Mumbai-based, FinTech startup, raised $10 million in a Series A funding round led by Dream Sports and Jungle Ventures with participation from Crescent Capital Group, 9Unicorns, iSeed, and others. MarketWolf provides an app-based trading platform for stocks, commodities, indices, and forex. The application lets users invest in different instruments based on trading preferences and risk appetite. It allows users to start trading using practice mode based on experience, and progress as they learn along the way. Founded in 2017 by IIT Delhi alumni, MarketWolf has raised over $17 million till date.
This was all from the funding updates, moving on to the exits. India Tech observed 3 exits during the week of 10 Jul 2022.
Gurgaon-based, Transportation and Logistics Tech startup, Shippigo, was acquired by Emiza. Shippigo being a multi-carrier shipping solution, allows e-tailers to integrate their shopping carts and web stores to import shipping details. It allows users to manage reverse logistics and allows them to further search, compare prices, book services, and print shipping labels for multiple partner carriers. Shippigo was founded in 2018.
This was all for today, we will be back next Monday with more updates. You can subscribe to our podcast on Google Podcasts, Spotify, and Apple Podcast to stay updated. If you have any feedback, please reachout to us at podcast@tracxn.com. Thank you for tuning in today, see you next week.