Funding Highlights of Hyderabad Startups - Over $ 300 Million raised in First Half of 2018 ( Q1 and Q2) - Start-Up Hyderabad
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Funding Highlights of Hyderabad Startups – Over $ 300 Million raised in First Half of 2018 ( Q1 and Q2)

 5 years ago    

As the first half of 2018 draws to a close, we can say that the year has again been incredible for Hyderabad Startups. While Bengaluru and Delhi are constantly in the battle for the top spot, the number of companies from Hyderabad that raised funding continues to rise.

A quick look at the startup funding data from January 2018 to June 2018 shows that 30 startups from Hyderabad have raised more than $ 300 million in funding (including conventional debt)


January 2018

2018 started with Ambee, a next-generation public safety technology platform, raising a seed round of $75,186 from Spiral ventures. Other startups that raised seed rounds in January include Paymatrix ( $4000 from International Institute of Information Technology-Hyderabad’s IIIT Seed Fund )
Tech-enabled fashion startup 6degree raised $400,000 from Indian Angel network and TAN Advisors in a pre-series A round.

AnyTimeLoan, a P2P lending platform raised $ 3.9 million in Series A funding from Spice Digital, a subsidiary of Spice Mobility, while Healthcare startup eKincare raised $1.5 million from Ventureast, Endiya Partners, Eight Roads Ventures, Touchstone Equities and former NASSCOM Chairman B.V.R. Mohan Reddy.

Spandana Sphoorty Financial Limited, a leader in the microfinance industry raised $63 million from Bank of Baroda and IndusInd Bank, while MedPlus raised $117 million as conventional debt from Goldman Sachs.

Total Funding: $ 7.8 million in funding and $180.5 million in conventional debt

February 2018

Khethinext, a platform that enables digital agriculture transformation, incubated at the Agr- Business Incubator of the Icrisat, raised $ 5 million in Series A funding from a Dubai based company while Joveo, an AI-based recruitment technology platform raised the same amount in a round led by Nexus Venture Partners.

CallHealth, a preventive healthcare startup raised $7.8 Mn from Bennett, Coleman and Co. Ltd. in a value-for-equity deal.

AI-based fintech company HighRadius raised an undisclosed amount in a funding round led by Citi Ventures and PNC and V ClinBio Inc., a biopharmaceutical company acquired 49.98% equity stake in Cellix Bio, a Hyderabad based innovative drug design and development company for an undisclosed amount.

Total Funding: $ 17.8 million in  Equity funding

March 2018

Predible Health, an AI-based cancer radiology platform raised an undisclosed amount from Unitus Seed fund and $ 35,300 from IKP Knowledge Park. Stumagz raised an undisclosed seed amount from Venkat Subramanian, Sudhakar Pennam, and other tech investors from Silicon Valley.

Popicorn, a ready-to-eat popcorn closed a $151,539 funding deal with Avia Wealth, a London- based wealth management firm.

NowFloats, a late-stage venture, $ 2.2 million in a bridge round from its existing investors Omidyar Network, Iron Pillar Capital, and IIFL. They have also secured a loan of $766,108 from Blacksoil capital.

BASIX Sub-K iTransactions Ltd, an agent-based payment solution for marginalized sections, has raised $ 5.4 million from global non-profit and financial inclusion pioneer Accion and Nordic Microfinance Initiative (NMI).

Total Funding: $ 7.8 million in funding and $ 0.8 million in conventional debt

April 2018

Antariksh Waste Ventures Pvt Ltd incubated at IIT Madras raised a seed round of $ 7500 from the IIT Madras startup grant and OhLook raised $95,000 from HNIs. The ed-tech startup, IndigoLearn, raised $150,000 as seed from a group of angel investors including Maheshwar Peri, founder of career information site Careers360. NicheAI raised an undisclosed amount in an angel funding deal from IIITH Seed Fund, Times Internet, IIITH Foundation and other HNIs.

Zenith Energy Services, an energy services company providing advisory services in the areas of renewable energy, energy efficiency, and solar energy raised $ 27 million through private equity funds. Hyperdata, an intelligent next-gen sales platform raised $75,000 from Singapore based Cube Angels Network.

WhistleDrive, a transportation technology startup, raised series A funding of $ 747,195 from Colosseum Group.

Total Funding: $ 1.1 million in funding and $ 27 million in PE funds

May 2018

Madguy Labs, a mobile-based online test-preparation platform for government jobs in vernacular languages, raised $111, 250 in seed funding from Villgro Innovations Foundation.

Truck aggregator Freight Bazaar has raised an undisclosed amount in Pre-Series A funding led by Omphalos Ventures India and ah! Ventures. In another pre-series A round led by Accion Venture Lab, YourNest and other angels, $ 1.3 million were invested in CredRight, a lending platform.

Total Funding: $ 1.5 million in funding

June 2018

Fourth Partner Energy, a renewable energy services company, announced a $70-million investment in Series B funding from The Rise Fund, managed by TPG Growth.

Theranostics life sciences raised an undisclosed amount as seed fund from Mumbai Angels.
Total Funding: $ 70 million in funding

The Hyderabad startup culture remains strong as the city buzzes with innovation and funding continues to grow. Based on the growth patterns witnessed during the last few years, we believe that the second half of 2018 will be as eventful for startups and investors.Lets hope for the best!



Arpita Soma

Arpita is a huslter at , an avid reader and a social media enthusiast. She is very passionate about making graduates more 'employable' and women ' empowered'. When she gets some time off her startup, she is busy working on ticking off things from her bucket list . She also loves to write and blogs at


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