Please click here, if any of these deals interest you.
| EV FINANCING | LOGISTICS | AI RECRUITMENT | EDTECH | PROPTECH (D2C) | CONSUMER SERVICES |
EV FINANCING
Unified FinTech Platform for EV Financing!
Raising $5M
(Series A)
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India's auto market is the 4th largest in the world and is poised to become a leader in the transition to Electric Vehicles (EVs) by 2030.
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By 2030, the EV financing market opportunity in India would reach $78 Bn for 2-wheelers (71 Mn); and $8.8 Bn for 3-wheelers (1.8 Mn).
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Financing for EVs is challenging due to asset-related underwriting challenges (nascent stage, changing battery technology, no secondary market), limited financing options, high costs, etc.
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This startup has developed India's first unified technology to help lenders, OEMs, dealers, and borrowers accelerate the adoption of E-mobility in India.
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UVP: It has developed proprietary technology to overcome such challenges by incorporating features such as asset tracking and management, borrower credit assessment, collection, EMI default warning, and improving asset quality and resale value.
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The startup is also launching soon its first ₹500 Cr fund along with its EV ecosystem partners (Lenders, Axis Trust, Aeris & OEMs) for EV financing.
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Expected to disburse ₹100 Cr by FY 2023-24.
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Funding Ask & Usage: Raising ₹40 Cr (with ₹10 Cr commitments from renowned PEs) for market expansion, R&D, tech development, and operations..
LOGISTICS STARTUP
Asset-lite Shared Delivery + Warehouse On-demand for the 30 Mn SMEs in India!
Raising $365K
(Pre-revenue Startup)
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A staggering 85% of India's road logistics sector is currently unorganized. This has a severe impact on 30 Mn SMEs in India, who suffer losses of up to 10% of their revenue due to supply chain challenges.
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Unlike large corporates, SMEs face critical challenges across their supply chain (from vendors to partners to customers), they grapple with high costs, delays (due to many stakeholders), lack of transparency and accountability, handling/tracking, and safety of goods.
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UVP: This startup has developed an intelligent app-based platform that enables location-based shared delivery (instead of point-to-point) thereby reducing costs for customers, fuel, and transportation costs for the startup. With EVs instead of fuel-based vehicles, per-mile costs get further reduced by 60% due to shared delivery.
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The startup's vision is to create an asset-lite shared delivery, shared warehouse on-demand, and an intelligent inventory forecasting (SaaS) solution for SMEs to order demand-based raw materials, reduce their fuel and transportation costs, improve their revenues, and help reduce emissions in the environment.
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Funding Ask & Usage: Raising their first pre-seed round of ₹3 Cr ($365K) for tech development, and operations.
Raising $365K
(Very Early-Revenue)
AI RECRUITMENT STARTUP
Livelihood Upliftment for the 450 Mn Low-income Group!
Raising $1 M
(Seed Round)
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This startup offers a powerful AI-driven solution to enhance the livelihoods of ~450 Mn low-income citizens, ensuring their "right to work".
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Through its focus on empowering individuals with recruitment and skill development, we can increase their performance and ultimately boost their income.
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Its neural bots are specifically designed to reflect the behavioral traits, skill sets, and socio-economic conditions of this workforce, providing our clients (B2B businesses) with the perfect tools to recruit, retain, and enhance their performance.
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Their clients include some of the biggest brands in the world, such as Reliance Digital, Paytm, CreditFair, deAsra, Vakrangee, SecureDebt, and Jewellex, etc.
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As more and more brands look to comply with ESG regulations, the demand for our social upliftment services is only set to grow.
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With 6 patents/copyrights in progress, the startup has registered 1.15 Mn job seekers and recruited over 45,000+ individuals through its 435 physical centers.
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Traction: Clocked a 4.4X growth in revenues i.e. ₹3.6 Cr (FY 22-23) vs. ₹80.6 Lacs (FY 21-22). The current MRR being ₹60 Lacs, is expected to reach ₹1 Cr within the next few months, without raising external funding.
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Funding Ask & Usage: Having closed a bridge round of ₹2.5 Cr ($300K), that startup is now raising ₹7-8 Cr ($1 Mn) for market expansion, tech development, and operations.
EDTECH STARTUP
Profitable Edutainment Platform for Skill Development in India!
Raising $480K
(Follow-on Funding)
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This startup has built a leading learning platform catering to Exam Preparation and Skill Development with a current reach of 28 States and 8 Union Territories of India.
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Target Market in India for K-12, Test Preparation, Skill Development, and Higher Education is projected to be $26.5 Bn by 2030.
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Recipient of National Startup Awards in the category of Education & Skill Development by PM, with selection under programs launched by Google, IDFC Bank, Dell, etc.
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Team: Gender-diverse founding team with complementary skillsets with a deep focus on profitable growth.
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Traction: FY 2022-23 Sales (achieved till Sep-23) of ₹9.13 Cr, Gross Margins of 67%, and EBITDA of ₹1.18 Cr or 12.9%.
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Social Media Presence: 283K Subscribers (YouTube), 100K Followers (Facebook), 62K Followers (Instagram), 175K Registered Users (App & Web), 95K Paid Users (App & Web), and 4.6 Rating on Play Store.
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Funding Raised + Ask: Raised ₹1.31 Cr (Angel rounds @ ₹75 Cr valuation), now raising ₹4 Cr ($480K) for operations, GTM, and 2X revenue jump.
GAMING STARTUP
Intelligent E-commerce Platform for 421 Mn Gamers!
Raising $480K
(Round Closed*)
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India's gaming market is expected to reach $8.6 Bn by 2027.
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With ~421 Mn online gamers in 2022 in India, the market for new and pre-owned games and controllers is currently unorganized and poses several challenges for gamers (high prices, inability to buy/resell pre-owned items, and fake/counterfeit products available in the market).
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This startup has developed an intelligent e-commerce platform for gamers to buy/sell both new and used gaming items (consoles/controllers, gaming titles, VR games, etc.) Their app also features an inbuilt feature that verifies the authenticity of the products.
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UVP: Its unique technology has allowed it to process orders faster and better than the existing competition like OLX, gaming stores, gameloot.in, etc.
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Traction: With a price markup on buying and selling, it has clocked an ARR of ₹3.6 Cr, with 1.5 lacs + App downloads. Achieved profitability in Sep-23.
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Funding Ask & Usage: Raising ₹4 Cr for this round (₹1 Cr received + ₹2 Cr committed) for market expansion and target ARR of ₹20 Cr in the next 15 months.
PROPTECH (D2C)
Organizing the Highly "Un-organized Bathroom Renovation Market"
Raising $600K
(In Tranches)
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India's booming home renovations market is currently valued at $30 Bn and is projected to grow at a CAGR of 7% over the next 5 years. Bathroom renovations make up 12%-15% of home renovation and is expected to touch $5 Bn by 2027.
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This is largely an unorganized market, which is often prone to low-quality materials, poor after-sales service, and overall high lifecycle costs.
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This startup follows a D2C model, catering to the middle class and upper middle class segments offering them top-notch bathroom renovation services at an affordable price point. It also offers a comprehensive AMC that covers all warranties, guarantees, and maintenance needs.
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UVP: Its unique web/app-based "visual buying experience" allows the clients to see how the end result would look, even before the contract is signed.
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GTM Strategy: A combination of social media promotion, and establishing tech-enabled experience kiosks at high footfall areas (e.g. malls.)
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Founder has 15+ years of sales experience in world-renowned brands operating in this space.
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Traction: Renovated 65+ Bathrooms, with revenue of ₹1.2 Cr in 2023, and average ticket size being ₹1.9 Lacs. Margins would further improve (from 30% to 40%) by introducing their own brand in the subsequent years.
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Funding Ask: Looking to raise up to ₹5 Cr ($600K) in tranches, to achieve a revenue of ₹120 Cr along with 15% net profitability by FY2028.
CONSUMER SERVICES
All-in-1 Post-sales Service Platform!
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An All-in-1 post-sales service platform for all electronic products, white goods, digital gadgets, and home appliances for the Indian consumer and MSME segment.
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Most consumers find it extremely painful, when it comes to post-sales service of many appliances from various brands, particularly when the appliances are outside warranty.
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Market: It is evident from a huge target market i.e. $305 Bn as of 2023, growing at a CAGR of 17.5% y-o-y with 70% of the market largely unorganized.
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UVP: This startup's app takes care of the complete after-sales journey, irrespective of the brands they belong to. Besides, competitors like Onsitego, OneAssist, and UrbanClap are largely focusing on D2C channels, whereas this startup is partnering with retail establishments to quickly widen its reach, more so in Tier-2 and 3 cities.
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Revenue Model: is through selling extended warranties, service and repair charges, subscriptions for retail shops, etc.
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Proof of Validation: Achieved a revenue of ₹63 Lacs with 1400 customers during the validation stage itself.
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Funding Ask & Usage: Raising their first Pre-seed round of ₹3 Cr ($365K) for a commercial launch in Mumbai, Pune, and Delhi and reach a revenue of ₹6Cr in the next 12 months.