Moneycontrol
Last Updated : Oct 18, 2017 07:41 PM IST | Source: Moneycontrol.com

Flush with funding these 10 startups will have a cracker of a Diwali

Here are some of the startups that raised quick bucks ahead of the Diwali festival.

Sabahat Contractor @Sabahatjahan28

While 2017 remained a good year for unicorns who managed to raise billions, relatively smaller startups mostly continued to struggle for funding. However even as early and growth stage startups didn't quite remain investors favourite the whole year through, Diwali seems to have brought some fireworks in the market. Here are some of the startups that raised quick bucks ahead of the Diwali festival.

LendenClub

Mumbai-based LendenClub is an online marketplace that allows borrowers to get loans from individual lenders. It was founded by Bhavin patel and co-founder Dipesh Karki in 2014

Seed Funding

Investors- Venture Catalysts, Artha India Ventures

Angel investors- Anirudh Damani

Recent Funding- USD 538,000  (Seed)

Total Funding- USD 538,000

BlackBuck

Bangalore-based BlackBuck is an online portal for freight transport booking founded by Chanakaya Hridaya, Rajesh Yabaji, Ramasubramaniam B in 2015

Investors-Innoven Capital

Recent funding- USD 7.69 million (Venture Debt)

Total Funding- USD 100 million

BankBazaar

Chennai-based BankBazaar is an online financial product comparison platform for loans and credit cards online. It was founded in 2008 by Adhil Shetty, Arjun Shetty and Rati Shetty.

Investors- Experian

Recent funding- USD 30 million

Total funding- USD 110 million

Fingerlix

Mumbai-based Fingerlix is a ready-to-cook satchets company. It was founded in 2016 by Shree Bharambe, Sripad Nadkarni, Abhijit Berde and Varun Khanna.

Investors- Accel Partners, Zephyr Peacock

Recent funding- USD 6.94 million

Total funding- USD 11.2 million

KrazyBee

Bangalore-based KrazyBee offers EMI based personal loans to students. It was founded in 2016 by Madhusudan E, Wan Hong and Karthikeyan Krishnaswamy

Investors- Xiaomi, Shunwei Capital, E City Ventures, RK Ventures

Recent funding- USD 7.99 million

Total funding- USD 13 million

RenewBuy

Gurgaon-based RenewBuy is an online motor insurance company founded in 2014. Its founders are Balachnander Sekhar and Indraneel Chatterjee

Investors- Amicus Capital

Recent funding- USD 9.27 million

Total funding- USD 10.3 million

Gapoon

Bangalore-based Gapoon is an online platform for hiring verified personnel for home services. It was founded in 2015 by four IIT Kanpur Alumni Apoorva Mishra, Ankit Bindal, Ankita Asai and Nikhil Gupta.

Investor- Anshu Bahadur

Recent funding- USD 250,000

Total funding- USD 428,000

Varthana

Bangalore-based Varthana is a non-banking finance company that provides loans to affordable private schools that cater to the poor and the middle class.

Investor- Michael and Susan Dell Foundation

Recent funding- USD 3 million

Total funding- USD 21.4 million

Yaantra

Delhi-based Yaantra is an online platform to buy refurbished and unboxed smartphones and tablets. It was founded in 2013 by Jayant Jha, Ankit Saraf and Anmol Gupta

Investor- Carpediem Capital Partners

Recent funding- USD 3.1 million

Total funding- USD 10 million

EazyDiner

Delhi-based EazyDiner is an online portal for restaurant discovery, reviews, table booking, deals. It was founded in 2014 by Rohit Dasgupta, Sachin Pabreja and Vir Sanghvi

Investor- Saama Capital, DSG Consumer Partners, Beenext

Recent funding- USD 4.58 million

Total funding- USD 8.58 million
First Published on Oct 18, 2017 07:41 pm

tags #Startup

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