Weekly Spotlight | 5 Indian Startups that raised funding this month!

Weekly Spotlight | 5 Indian Startups that raised funding this month!


stalk1. StalkBuyLove:
Founded in 2013 by Tushar Alhuwalia, Ashna Chopra, Nishrit, Srivastava and Shikha Alhuwali, Stalkbuylove is a vertically integrated women’s fashion brand, that has its own manufacturing hub in Delhi. Inspired by Zara, and working at the pulse of international fashion, they provide young Indian women with clothing, jewelry, accessories and bags at resonable prices and unbeatable quality.

Since their inception, Stalkbuylove clocks a whopping $5 Million in gross-revenue run rate, 8 percent month-on-month growth, 12 complete inventory turns per year and gross margins of 70 percent.

Accordingto the reports, they recently raised an undisclosed amount of funding from Littlerock – a German venture fund, Singularity Ventures, 500 startups, and more.

Drivojoy2. Drivojoy:
Founded by Ravindra A, Aman Singhal and Vishwanath Kollapudi, in 2015, the Bangalore based startup provides the easiest way to get your two-wheelers repaired. No more worries about having to drive and drop your vehicle at the mechanics – book an appointment, and get your two-wheeler the royal treatment from the trusted team of certified mechanics at Drivejoy.

With our less than 30-seconds booking process, secure payment and a 100 percent money back guarantee, DrivoJoy aims to be the most affordable, convenient, and transparent approach to bike repair and maintenance.Recording a 30 percent month-on-month growth, they have been catering to 400 bikes per month, and have attended to 2000+ users. They also raised a $600,000 funding from well-known names like Indian Angel Network(IAN), Shailesh Rao(Currently: Twitter, Previously: Google), Bhavani Rana(Amadeus Capital), Kunal Shah(Founder, Freecharge) andDeepak Gupta(Co-founder, EquityCrest).yourstory-yourstory-bigbasket-Feature3. BigBasket:
Founded in 2011, by Hari Menon, VS Sudhakar, Vipul Parekh, Abhinay Choudhari and VS Ramesh, BigBasket is India’s largest online food and grocery store, where you can find over 18,000 products – from fresh Fruits and Vegetables, Rice and Dals, Spices and Seasonings to Packaged products, Beverages, Personal care products, and Meat – listed by 1000+ brands. Choose from a wide range of options in every category, exclusively handpicked to help you find the best quality available at the lowest prices. Select a time slot for delivery and your order will be delivered right to your doorstep, anywhere in Bangalore, Mysore, Hyderabad, Vijayawada-Guntur, Chennai, Madurai, Coimbatore, Mumbai, Pune, Nashik, Ahmedabad-Gandhinagar, Vadodara, Delhi and Lucknow.

Based out of Bangalore, BigBasket recently raised $150 Million from Abraaj Group – a UAE based private investor firm.

18702_large4. Room On Call:
Room on Call, a name strategically chosen to immediately communicate the brand’s value proposition, is exclusively for those looking for branded budget accommodation. With a simple click, travellers are able to choose their preferred destination from an array of the choicest properties, including prominent guest houses, boutique hotels, and hotels. A 24X7 helpline also facilitates booking in real time, in case one is off the grid.

The Gurgaon-based startup was founded in May 2015 by 37-year-old Amit Goel, formerly of eBay; 35-year-old Nirupama Dhawan, formerly of DHL Express; and Pradeep Kumar Sajjan, formerly of Pepsi and LNJ. Abhishek Kumar, Director of Strategy and Investments at Microsoft India, is also an advisor and stakeholder. They attracted their first round back in September 2015 from Payal Syal, a US-based investor, and a senior executive at Yahoo. They pumped in seed funding of $300,000 into the then seven-month-old startup, which helped them grow to over 42 locations, with 400 hotels, and a total inventory of over 8,000 rooms.

They recently raised $2 Million from Cash ur Drive(CUD) – a Mumbai based advertising company.

cityshor_1368795811_185. CityShor:
CityShor sifts through a variety of places, information, food joints, restaurants, shopping hubs, stores, products and travel places in a city(Ahmedabad + Pune, for now). Then, it compares, evaluates and identifies what’s best, unusual or unexplored for each particular category and presents it to the people of the city.

Launched in 2013, by Pankaj Pathak, and Pallavi Parikh, CityShor claims to be raking in a revenue of Rs. 3Cr by next year, and plans to expand to Bangalore with its services, following their recent round of angel funding of an undisclosed amount, from GAIN, an angel network based out of Vadodra.

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