Startup Hyderabad – Funding round up from 2015

2015 started with a big bang for Startups in Hyderabad. The city witnessed fundings, launches, events and a gamut of other activities resonating the vibrant startup ecosystem we have here in Hyderabad. From Amazon, Google, Infosys announcing their campus in Hyderabad to Ratan Tata & Satya Nadella vsit to the T-Hub the city has witnessed it all!

The year started with two startups announcing raising angel rounds. eKincare raised Rs. 2 crore from Bitchemy Ventures and Adroitent Pvt Ltd while VioletStreet raised the same amount in an angel round led by Venkat Vallabhaneni and Srinivasa Rao Paturi.

Mobile Tech startup Appvirality raised a seed round from industry prominent investors including Rajan Anandan (Google India), Mike Galgon (aQuantive), Ravi Gururaj (Nasscom), Ashim Mehra (Baron Capital), Mohit Saxena (InMobi), India Internet Group, and TNN Capital. The Hyderabad based mobile growth hacking startup later raised a second round of funding of $500,000 from its existing investors, new angels, and Clicklabs.

MapmyGenome raised $1.1 million in a pre series A round from a group of angel investors.

Four startups, Hosteldunia, Enabli, Play your sport and YoGrad.com got funded at the TIE startup heroes in Jan 2015 and three more startups Carving Notions, SunwizTech and Driverr won Rs.15 lakh during TIE HYderabad’s Smashup August edition.

Hyderabad based interior designing technology startup Renderlogy raised a funding of Rs.10 Crore from Brick Eagle Capital advisory, a financial services platform for the affordable housing industry.

Truweight Wellness, a startup that provides weight loss solutions using their ‘Super Foods’ concept raised Series A funding from Kalaari Capital.

ManageMySpa raised $6 million funding from Accel Partners as Series A investment.

At the August Fest, TinMen won a seed fund of Rs. 5 Lakhs, a no strings attached cash prize for being the most promising startup to have pitched at the event.

flatpebble.com, an online marketplace that helps people hire high-quality photographers, videographers and stylists,  raised $600,000 from Indian Angel Network (IAN)

CanvasFlip, a platform that allows product managers, UX teams, and entrepreneurs to validate their ideas and check user experience without having to write any code by hand raised a funding of $1.2 million from Bessemer Venture Partners, a Silicon Valley based Venture Capitalistfirm.

Paytm invested an undisclosed amount in the city based startup Abhibus, India’s fastest growing online aggregator of bus tickets inventory across India.

Stockroom.io , a startup that helps web developers create their portfolio with just a click raised a seed fund of $70,000  from an undisclosed angel investor.

Giving tough competition to firms like Carpool by Meru, BlaBla Cars and Tripda, Hyderabad based Zify.co, a car ride sharing service provider,  successfully raised $190K from SOSventures and two other Hyderabad-based angel investors. RideIT, another carpooling app raised $115k as angel funding from a Hyderabad Angel investor.

Hitwicket, a web and app based cricket management game, announced an investment of $ 250,000 from The Chennai Angels (TCA) in November 2015.

MySmartPrice, an online price comparison and product discovery platform secured $10 million in Series B  funding led by Accel Partners with participation from Helion Venture Partners.

PlanetGogo,  a personalised content discovery app raised an undisclosed amount from HT Digital Media Holdings Ltd and US-based investment firm North Base Media (NBM). The founders are alumnus of ISB, Hyderabad and IIIT, Hyderabad.

NumberMall Pvt Ltd, an online payment gateway services startup enabling users to recharge their mobile phones and book bus tickets online raised an undisclosed amount in equity funding from SRI Capital, an early-stage VC fund run by angel investor Sashi Reddi.

VDeliver, a hyper local delivery services for both businesses and individual customers raised an undisclosed amount as seed fund from Boss Consulting Pvt Ltd.

Acquisitions:

Hyderabad based Hello Curry acquired Delhi based startup Paratha Post in April 2015 and acquired another Hyderabad based startup Fire42 in July 2015.

NIIT acquired 51% stake of Hyderabad based Incessant Technologies, a global end to end BPM solutions provider for $17 million (about Rs.107.8 crore)

Khalil Ahmed, a co-founder and former executive director of Shanta Biotech has acquired Hyderabad House for an undisclosed amount. The acquisition is through Food Krafters & Services, an LLP company promoted by Khalil Ahmed and his daughter Sumaiya Khalil.

Snapdeal acquired Hyderabad based mobile technology startup, MartMobi at an undisclosed amount.

Hyderabad-based NumberMall, a payment gateway company providing ticketing, payments and e-commerce services, acquired Delhi-based analytics firm, BankSmarts Solutions, for an undisclosed amount.

Suvidha info serve acquired city based startup Aasaan Pay for $ 2 Million.

Is there any funding news that we missed? Please share it with us here  and we will add it to our list. Thanks in advance!

Comments

comments