To describe funding in simple words. Every startup business requires capital to fulfill all the necessities of their company. Because in the beginning, if you are not wealthy, you won’t be able to afford things like paying rent of your office place, to buy necessary tools or machines for your company, making your employees payment and such other things which in the first place build your enterprise foundation.
Currently, there are too many resources from which you can raise funding for your organization, particularly Crowdfunding, in which your business gets funded by ordinary people investment. Secondly, You can get a business partner where you can be creative, and they will make the necessary investment. The third technique from where you can raise funding is to get a bank loan, which you can pay back with interest once your business starts to get going.
The fourth way to raise funds for your company is to find an investor who is going to invest in your business, and in return, they will ask for equity. Now we got the basics out of the way. Let’s talk about the main topic of the day and that Top 10 Startups that Raised Funding in July.
Top 10 Startups that Raised Funding in July
Vedantu, which is established in Bengaluru, and they are online tutorings startups, and they raised funds around 100 million dollars in Series D, and its valuation is 600 million dollars. The investment was made by an American company named Coatue. Now the board will be joined by the Coatue managing director Rahul Kishore. Vedantu CEO and also the co-founder of this startup said they are going to use this money to develop a modern brand classification, and they are going to invest these funds in the subject and the technology so they can provide their users live schooling experience.
2. Paytm Money
A capital administration company which is established in Bengaluru raised forty crore rupees from Paytm Parent establishment One97 Communication six months back. Still, it was just announced in the present. Paytm Money was founded back in 2018, and their work is to sell the mutual funds straightforward to the clients with the assistance of a meager budget formal plan, and this way, there won’t be any need to spend extra expense on the distributor commission.
3. Lifestyle Incnut Digital
A company that is established in Hyderabad on the 13th of July disclosed that it had raised around four million dollars in its Series A round. Sanjiv Goenka Group directed the session supported by earlier phase client-centric investor capital fund, RPSG ventures. The company is going to utilize this fund to strengthen the general infrastructure and Artificial Intelligence-driven data technology of its personalized beauty care brands SkinKrafts and Vedix.
A corporation which is established in Singapore and Bengaluru Mystifly raised around 3.3 million dollars in Series B funding session from its current investor Recruit Holdings. With the help of these funds, they want to bolster its airfare ratio of merchandise and estate.
Treebo is a hotel chain which is established in Bengaluru, and they raised funds around twenty-two crore rupees series D funding from their current investors Bertelsmann SE & CO, Matrix Partners India, SAIF Partners India.
Magicpin in July raised funds in series D session around fifty-two crore which is with the help of their Samsung Venture Investment Corporation and also from their current investors Lightspeed and WaterBridge.With the help of these funds, they are going to not only going to expand their business but they will furthermore develop modern and new merchandises.
A company that is based in Mumbai and goDutch this group payments app was launched back in 2019. It has brought up 1.7 million dollars funds in seed session that is directed by Matrix Partners India and with other parties from Y Combinator, Global Founders Capital, Soma Capital, VentureSouq, and marquee angel investors particularly as Justin Mateen who is co-founder of Tinder app. Kevin Lin who is a co-founder of Twitch. Rohan Angrish who is the Head of ICICI Labs and Sumon Sadhu.
Yumlane, which is a cloud kitchen brand, raised one million dollars in pre-series. Jetty Ventures directed this funding, and it is a Singapore established organization. Yumlane directors said that they are going to use these funds to broaden the Cloud Kitchen empire reach and will be opening their business in different cities. Before that, Yumlane raised its funds with the help of Co-Founder of Flipkart Binny Bansal and also RB enterprises and Orios Enterprise Partners. In the past, Yumlane used to deliver FMCG packet food, but in the present time since 2019, they decided to turn into Cloud Kitchen.
This company is also established in Bengaluru, and it is a group Health Insurance startup organization, and they have raised funds around seven crore rupees in seed funding session that is directed by Incubate Fund. The Gemba Capital and Tracxn Labs also joined this session alongside the Sudheendra Chilapaagari of Belong Co., Abhijit Gupt, and Ram Sahasranam of Praxify Health, Nitin Jayakrishnan of Pando and Alvin Tse of Xiaomi. Who helped in raising funds.
This is a learning platform which raised around seven crore rupees in pre-series, a session which is directed by Binny Bansal and also before that this organization also raised one million dollar debt funds again Binny Bansal directed it.