The Best Startup Funding This Week: July 27–Aug 2
Here is a list of the startups that have raised the most money this week, from July 27 to Aug 2.
[L-R(T-B)] Founders of Rapido, Gruner Renewable Energy, Clix Capital, Meragi, Simple Energy, & Kinetic Green
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Rapido: Founded in 2015 by Aravind Sanka, Pavan Guntupalli, and SR Rishikesh, Bengaluru’s Rapido is a ride-hailing service offering bike taxis, auto rickshaws, cabs, parcel delivery, and third-party logistics, catering to diverse transportation needs in India.
Funding Amount: USD 120 Million
Investor: WestBridge Capital
Gruner Renewable Energy: Launched in February 2023 by Utkarsh Gupta, Noida-based Gruner Renewable Energy specialises in installing top-tier biogas plants. Using advanced German technology, the company is dedicated to enhancing renewable energy and sustainability across India with its efficient biogas solutions.
Funding Amount: USD 60 Million
Simple Energy: Started in 2019 by Suhas Rajkumar, Ankit Gupta and Shreshth Mishra, Bengaluru’s Simple Energy offers electric vehicles and clean energy solutions. It has two offerings in its portfolio: Simple One with 212 km of certified range and Simple Dot One with 151 km of certified range.
Funding Amount: USD 20 Million
Investors: Haran family office, Dr A Velumani’s family office, Vasavi family office, and Desai family office
Clix Capital: Established in 2016 by Pramod Bhasin, Anil Chawla, and Rakesh Kaul, Gurugram-based Clix Capital (formerly GE Money Financial Services) offers diverse financial products. These include business loans, property loans, school financing, and SME/MSE, working capital, and unsecured business loans.
Funding Amount: INR 220 Crore
Investors: Apollo Global Management, Pramod Bhasin, and Anil Chawla
Kinetic Green: Founded by Arun Firodia and currently spearheaded by third generation scion of the Firodia family, Sulajja Firodia Motwani, Pune-based Kinetic Green specialises in electric three-wheelers and two-wheelers.
The company has also partnered with luxury brand Tonino Lamborghini to produce high-end electric golf carts and buggies.
Funding Amount: USD 20 Million
Investor: Greater Pacific Capital
Meragi: Started in 2021 by Mukund Mohan Raj, Abhinav Chandran, and Lakshminarayan B, Meragi offers an all-inclusive wedding planning service. Using technology for vendor and project management, it provides decoration, photography, catering, and destination weddings in cities like Goa and Jaipur.
Funding Amount: USD 9.1 Million
Investors: Accel, Peak XV Partners, Venture Highway, and Angel Investor Anupam Mittal
Rapido: Founded in 2015 by Aravind Sanka, Pavan Guntupalli, and SR Rishikesh, Bengaluru’s Rapido is a ride-hailing service offering bike taxis, auto rickshaws, cabs, parcel delivery, and third-party logistics, catering to diverse transportation needs in India.
Funding Amount: USD 120 Million
Investor: WestBridge Capital
