This Week’s Top Startup Funding: August 2–9
Here’s a roundup of the standout startups that secured significant funding this week:
[L-R(T-B)] Co-founders of ShareChat, Kindlife, Country Delight, Punch, & Scimplify
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Scimplify
Overview: Founded in 2023 by Salil Srivastava and Sachin Santhosh, Bengaluru-based Scimplify offers a science-first, end-to-end contract manufacturing platform for agrochemicals, pharmaceutical APIs, and flavors and fragrances.
Funding Amount: USD 9.5 Million
Investors: Omnivore, Bertelsmann India Investments, 3one4 Capital, and Beenext
Aukera Jewellery
Overview: Launched in 2023, Aukera is a Bengaluru-based women-centric jewellery brand specialising in lab-grown diamond jewellery across various gold and platinum options.
Funding Amount: INR 26.7 Crore
Investors: Fireside Ventures, Sparrow Capital, and Eternal Emerging Enterprises
Punch
Overview: Established in 2016 by Amit Dhakad, Hiral Jain, Arshad Fahoum, and Ajit Dandekar, Punch is a Mumbai-based stock broking platform that offers an intuitive trading interface with consolidated elements for beginner traders.
Funding Amount: USD 7 Million
Investors: Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, Innoven Capital, and notable angels such as Kunal Shah of Cred, Vatsal Singhal of Ultrahuman, and Nitish Mittersain of Nazara
Overview: Started in 2021 by Radhika Ghai, Vidit Jain, and Manasa Garemella, Gurugram-based Kindlife uses AI technology to offer personalised skincare and wellness solutions to Gen Z consumers. The platform also provides access to global beauty brands.
Funding Amount: USD 8 Million
Investors: JB-Dooeun TK Fund, MIXI Global Investments, and Kalaari Capital
ShareChat
Overview: Launched in 2015 by Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan, the Bengaluru-based social media platform operates the ShareChat app and the video app Moj, supporting content in over 15 languages and partnering with more than 200 advertisers.
Funding Amount: USD 16 Million in debt
Investor: Singapore-based EDBI
Country Delight
Overview: Since 2013, Gurugram-based Country Delight has revolutionised dairy and grocery sectors with a subscription-based delivery service for milk, milk products, fruits, and vegetables.
Funding Amount: INR 70 Crore in debt
Investor: Alteria Capital
These startups showcase a diverse range of innovations across various sectors, reflecting robust investor confidence in their future growth.
Scimplify
Overview: Founded in 2023 by Salil Srivastava and Sachin Santhosh, Bengaluru-based Scimplify offers a science-first, end-to-end contract manufacturing platform for agrochemicals, pharmaceutical APIs, and flavors and fragrances.
Funding Amount: USD 9.5 Million
