Online test prep to food delivery, Tracxn lists top 10 funded business models in 2022

Dec 9, 2022

By: Eetika Kapoor

Online Test Preparation Course

Even 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

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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Ultra Fast Grocery Delivery

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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Hyperlocal Delivery Platform

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

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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Electric Scooter Manufacturers

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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Electric Car Manufacturers

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

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

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 based Customer Support

Voice base customer support startups in India raised $401 million this year. Bangalore-based raised 0.8 million this year in Series A funding, leading this category’s funding.

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India's foreign exchange reserves rose by USD 2.6 billion in the week ending May 10: RBI