There was barely any big ticket funding and the focus of investors seemed to be on early stage startups.
Over 60 startups raised money in the month, however, most of the funding was concentrated in the seed round.
Here are the top startup fundraisings in July according to data intelligence firm Tracxn.
The month of July continued to see startups raise funds. Over 60 startups raised money in the month, however, most of the funding was concentrated in the seed round. It seemed like early stage startups took investor attention as 44 seed-stage startups got cheques from investors.
Here are the top startup fundraisings in July according to data intelligence firm Tracxn.
Company Name
Latest Funded Amount (USD)
Zolo
56,000,000
MPOWERED
21,000,000
Zetwerk
20,754,700
BulBul
8,700,000
Hevo
8,000,000
FlintoClass
7,200,000
Magic Pin
7,000,000
Blu Smart
5,000,000
Entri
3,055,500
Treebo Hotels
3,000,000
Muse Wearables
2,944,580
Vegrow
2,500,000
Piggyride.in
1,880,630
goDutch
1,700,000
Big Bang Boom Solutions
1,475,920
Ken42
1,459,730
Blue Sky Analytics
1,205,310
Securden
1,200,000
PlayShifu
1,000,000
Yumlane
1,000,000
BRB
1,000,000
GigIndia
974,709
Chingari
939,169
Plum
932,774
Gigforce
805,002
ChitMonks
650,000
Firescore
500,000
Openapp
500,000
Gobbly
500,000
ReviewRewardz
267,875
Mitron
265,406
Wellcure
200,000
ParkSmart
199,723
Pickright
175,000
HelpNow
125,000
WYN Studio
66,968
1mg
26,547
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Zolo stays, the Bangalore based co-living brand, was the top funded startup of the month. On 7th July 2020, Zolostays raised $56 Million in a Series C round led by Investcorp, Nexus Ventures Partners, Mirae Assets, Trifecta Capital among others. The funding round takes the total capital raised by the company to $90 million.
Muse Wearables, the hybrid smartwatch company from IIT Madras too raised $3 million. The startup was in the news for developing a COVID-19 wearable tracker.
Meanwhile, video sharing platforms also gained traction after the ban on TikTok in June-end. The Tiktok clone, Mitron, raised funds in early July, while Sharechat, which recently launched a video sharing platform Moj, is reported to have raised $40 million.
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Blockchain startup Chitmonks, was another interesting company to raise funds from Unicorn India Ventures. ChitMonks has developed a Blockchain-based product empowering the state government regulators to administer chit fund operations across the state on a private permissioned Blockchain network.
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