India Funding Roundup: An Agri-Tech UAV Startup, Road Trip Planning App, and More
Our latest funding roundup compiles investments in Indian startups engaged in e-commerce, EdTech, online recruitment, trip planning, and agri-tech.
Eyewear retailer Lenskart has raised Rs. 400 crores funding from World Bank arm IFC, industrialist Ratan Tata and Infosys co-founder Kris Gopalakrishnan, among others. The company will use the Series D funding to strengthen its supply chain and lens manufacturing capabilities as well as for expanding its presence to 400 cities in three years.
Chennai-based UAV startup Airwood Aerostructures has reportedly raised an undisclosed amount in seed funding from StartupXseed Ventures. The startup deploys drones for field and crop monitoring, and combines it with other tests on the ground to help improve crop yield.
Hyderabad-based MyDentistChoice, an e-commerce portal for dental products has reportedly secured$150,000 (roughly Rs. 1 crore) in its first round of funding from an US-based angel investor. Part of Hyderabad-based startup incubator T-Hub, the startup reportedly reached its first revenue target of Rs. 1 crore in 2015.
Bengaluru-based e-commerce search and personalisation platform Unbxd has reportedly raised an undisclosed amount of funding in Series B round led by Nirvana Venture Advisors. The round also saw participation from existing investors IDG Ventures, Inventus Capital, and Indian Angel Network. Founded by Pavan Sondur and Prashant Kumar in 2011, the platform has onboarded 150 companies in over 40 countries.
Delhi-based career planning services portal iDreamCareer.com, has reportedly raised an undisclosed amount in pre-series A funding from media house Bennett, Coleman and Company Ltd’s ad-for-equity investment arm Brand Capital. The startup reportedly plans to raise $5 million (roughly Rs. 33.2 crores) in its Series A round by the end of this year to expand its presence in 15 cities in India and the Middle East.
Bengaluru-based online recruitment platform Zwayam, has reportedly raised $250,000 (around Rs 1.7 crores) in seed investment from a bunch of unnamed angel investors. The startup’s monetisation model is based on a subscription model, and is reportedly used by 150 companies.
Road trip planning app EasyRoads has reportedly raised Rs 1.3 crores ($200,000) from five angel investors in its first external round of funding. The app provides a curation of places to explore, and currently lists trips from Mumbai and Pune, with features like roadside assistance and Rent a Driver.