In this episode of India Tech - Weekly Deals Roundup: India Tech saw 20 companies including 1K Kirana Bazaar, Blu Smart and Wint Wealth raise around $92 million from investors such as Alpha Wave Global, BP Ventures, Eight Roads Ventures, and 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 1K Kirana Bazaar, Blu Smart, Wint Wealth, and more. In exits, we will cover the acquisition of CareerSocially by Aurum House among others.
Starting with our deep dive into funding rounds, tech companies in India raised around $92 million of funding across 20 funding rounds during this week.
E-commerce startup, 1K Kirana Bazaar, raised $25 million in a Series B funding round led by Alpha Wave Global with participation from Kae Capital, Infimomentum Venture, Info Edge Ventures, and others. 1K Kirana Bazaar is a provider of retail store aggregation solutions for grocery stores. 1K Kirana Bazaar offers a distribution system and in-house technology-enabled platform with features like branding, store infrastructure upgrades, merchandising, pricing communication, billing, real-time inventory management, promotions, and a business dashboard. Founded in 2018, Gurgaon-based 1K Kirana Bazaar has raised around $34 million till date.
In another funding round event, Blu Smart, an Auto Tech startup, raised $15 million in a Series A funding round led by BP Ventures and Green Frontier Capital with participation from Stride Ventures, Alteria Capital and Black Soil. Blu Smart is an app-based provider of electric vehicle ride-hailing services. Blu Smart enables users to book their rides by providing details like location and passenger details, with services like local rides, airport transfers, hourly rentals, and more. Blu Smart also offers EV-charging host services. Founded in 2018, Ahmedabad-based Blu Smart has raised close to $57 million till date.
Wint Wealth, a Bangalore-based FinTech startup, raised over $14 million in a Series A funding round led by Eight Roads Ventures with participation from Billionbrains Garage Ventures, Blume Ventures, Nxg Innovation, and others. Wint Wealth is an online investment platform focused on fixed-income funds. Wint Wealth allows users to buy, sell, and invest in fixed deposits, bonds, MFs and gold assets. Wint Wealth is regulated by RBI and assists users in investing in gold-backed debts. Founded in 2020, Wint Wealth has raised around $26 million till date.
This was all from the funding updates, moving on to the exits. India Tech observed 7 exits during the week of 29 May 2022.
Noida-based Real Estate and Construction Tech startup, CareerSocially, was acquired by Aurum House. CareerSocially is a provider of AI-driven lead generation software for real estate professionals. CareerSocially enables members to generate leads using AI, automatically assign them to the befitting person, as well as save leads into the CRM, nurture leads, and connect with them to improve conversions. CareerSocially also offers solutions to manage and track tasks. Founded in 2016 by BITS Pilani alumni, CareerSocially has raised $1 million till date.
Online Grocery startup, True Elements, was acquired by Marico. True Elements is a provider of healthy snacks and supplements. True Elements offers ready-to-eat items like seed and nut mixes, protein-rich, plant-based eatables, and snacks for weight loss, PCOS and diabetes patients. True Elements also provides natural supplements in the form of teas, honey, super grains and alternative medicine. Founded in 2015, Pune-based True Elements has raised over $3 million till date from SIDBI Venture Capital, Vinners, Amit Bhuchar, and others.
In a major development this week, Transportation and Logistics Tech startup, Delhivery, went public. Delhivery is a provider of end-to-end fulfillment services for e-commerce companies. Delhivery offers last-mile deliveries, third-party and transit warehousing, reverse logistics, payment collection, vendor-to-warehouse and vendor-to-customer shipping, cross-border services, supply chain and tracking services for shipments. Founded in 2011 by IIT Bombay alumni and IIT Kanpur alumni, Gurgaon-based Delhivery has raised $1.7 billion across several funding rounds. Major investors who backed the company in its early stages include enterprises like Tiger Global Management, SoftBank Vision Fund, Fidelity Investments, and others.
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.