In this episode of India Tech - Weekly Deals Roundup: India Tech saw 26 companies including Pocket FM, Atlan and Filo raise over $224 million from investors such as Naver, Salesforce and Anthos Capital, 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 Pocket FM, Atlan, Filo, and more. In exits, we will cover the acquisition of Whizzard by Mahindra Logistics among others.
Starting with our deep dive into funding rounds, tech companies in India raised over $224 million funding across 26 funding rounds during this week.
Media & Entertainment startup, Pocket FM, raised $65 million in a Series C funding round led by Naver, Goodwater Capital and Tanglin Venture Partners. Pocket FM is an app-based platform providing audiobooks and podcasts. Pocket FM offers audiobooks in categories like crime, history, horror, and classics, and also allows users to stream podcasts in various topics like education, motivation, and personality development. Pocket FM also provides radio streaming services, and an app for Android devices. Founded in 2013 by IIT Kharagpur alumni, Gurgaon-based Pocket FM has raised $119 million till date.
In another funding round event, Atlan, an Enterprise Applications startup, raised $50 million in a Series B funding round led by Salesforce and Sequoia Capital. Atlan is a provider of a DataOps platform for multiple teams. Atlan allows users to collect quality data using a mobile data collection app, as well as gather responses from individuals, with features like cloud-based storage and data integration with BI tools. Atlan enables data teams to solve critical problems, and offers access to data from various sources. Founded in 2018 by Nanyang Technological University alumni, Delhi-based Atlan has raised $68 million till date.
Filo, a Gurgaon-based EdTech startup, raised $23 million in a Series A funding round led by Anthos Capital with participation from GSV Ventures, Better Capital, Sapling Capital, and others. Filo is an app-based platform providing tutoring and doubt-clearing solutions for school students. Filo offers tutoring in subjects such as physics, chemistry and maths for grades 9 to 12, with features like exam preparation, revision and homework help. Filo offers a mobile app for Android and iOS devices. Founded in 2020, Filo has raised $25 million till date.
Mumbai-based EdTech startup, Kuhoo, raised $20 million in a Seed funding round led by WestBridge Capital. Kuhoo is an online platform providing student loans. Kuhoo enables users to apply for loans and also offers flexible repayment solutions and self-service options. Founded in 2021, Kuhoo has raised $20 million till date.
In another funding round event, Delhi-based E-commerce startup, Locofast, raised $15 million in a Series A funding round led by Stellaris Venture Partners and Chiratae Ventures with participation from Axilor Ventures, Suhail Sameer, Amit Lakhotia, and others. Locofast is a provider of supply chain solutions for the fashion industry. Locofast offers a platform with features that include design and collaboration, end-to-end SKU visibility, report and data analytics, supply chain expertise, as well as services for printing, dyeing and finishing. Founded in 2019, Locofast has raised $16 million till date.
This was all from the funding updates, moving on to the exits. India Tech observed 6 exits during the week of 06 Mar 2022.
Transportation and Logistics Tech startup, Whizzard, was acquired by Mahindra Logistics for over $9 million. Whizzard is a provider of last-mile delivery services for e-commerce. Whizzard provides retailers and businesses with a platform and network to offer services like reverse logistics, same-day, next-day, intercity and hyperlocal deliveries. Hyderabad-based Whizzard was founded in 2019.
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.