Dec 9, 2022
By: Eetika KapoorEven though the edtech sector suffered a blow during the pandemic, online test preparation platforms still remain the most funded sector in 2022. It raised a total of $1214.7 million, with edtech firm BYJU’s raising $965 million this year.
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Vernacular content sharing platforms raised $1148.5 million in 2022. These platforms increase engagement by allowing customers to interact in their local dialect. Bangalore based startup Verse raised $805 million in this category.
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Zomato-owned Blinkit, Zepto, Swiggy Instamart are some Indian ecommerce startups in the space of quick grocery delivery. Ultra fast grocery delivery raised $1140 million with Swiggy leading the category with $700 million funding this year.
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Unlike ultra fast grocery delivery that focuses on just groceries, Hyperlocal delivery platform fulfils varied customers needs through local shops, resulting in faster delivery. The category raised $959 million this year.
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Food ordering platforms in India, like Zomato and Swiggy, have raised $700 million this year with Bangalore-based Swiggy yet again leading the category. Food ordering platforms retained the fifth spot from last year, on the Tracxn funding index.
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Moving up 16 ranks from last year’s Tracxn funding index, electric scooter manufacturers raised $627 million this year. Coimbatore based Ampere Vehicles lead the funding round with $220 million raised in series B funding.
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Out of all the business models, electric car manufacturers witnessed the most significant movement, moving up 701 ranks from last year’s Tracxn funding index. Mumbai-based Tata Passenger raised $496 million this year, leading the category.
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Own fleet refers to companies offering logistics services using their own transportation via trucks, trains, aircrafts etc. The business model raised $459 million in India with Gurgaon-based Delhivery leading the category, securing $304 million funding.
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Conversational intelligence companies provide data insights from online sales calls using AI, thus understanding customer needs. The model raised $403 million this year with Bangalore-based Covin leading the funding with $2.1 million.
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Voice base customer support startups in India raised $401 million this year. Bangalore-based Gnani.ai raised 0.8 million this year in Series A funding, leading this category’s funding.
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