Here are some of the startups that raised quick bucks ahead of the Diwali festival.
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.
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
Investors- Venture Catalysts, Artha India Ventures
Angel investors- Anirudh Damani
Recent Funding- USD 538,000 (Seed)
Total Funding- USD 538,000
Bangalore-based BlackBuck is an online portal for freight transport booking founded by Chanakaya Hridaya, Rajesh Yabaji, Ramasubramaniam B in 2015
Recent funding- USD 7.69 million (Venture Debt)
Total Funding- USD 100 million
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.
Recent funding- USD 30 million
Total funding- USD 110 million
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
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
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
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
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
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
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 millionTotal funding- USD 8.58 million