A sneak peek at 9 women-led startups that raised funding in 2016
By Himansu
2016 has started off on a better note for women entrepreneurs, at
least in the area of venture capital funding. In March 17 startups with a
at least a woman co-founder raised funding versus six in the same
period last year. This is close to a 183 percent growth.
Funding raised by startups funded or co-founded by women
Month
2016
2015
% change
January
27
11
145
February
23
3
667
March
17
6
183
Total
67
20
235
However, while these numbers look like a
big leap, they still are nowhere close to what startups founded by male
founders and co-founders raised. It nevertheless, is a step in the
right direction.
Here is a list of nine women-led startups that have raised funding late last year and early this year:
Tarusa World
Founded by Rupali Gupta, Tarusa World is an online platform for
handicrafts. Last month, the startup raised an undisclosed amount
of seed funding from Mohit Gulati. In several reports, Rupali said that
the investment will be used to add more inventory, designs and scale the
brand. Started in 2012, Tarusa World works on an inventory-based model,
where the products are designed and retailed in-house.
Zoctr
A home healthcare startup founded by Nidhi Saxena, Zoctr raised a
funding of $1 million from the founder of SPA Capital Sandeep Parwal and
Founder of Organic Wellness Krishnan Gupta and a few other angel
investors. The Mumbai-based startup offers different services like
health check-up, tele-consulting, home lab pickups, online pharma and
other emergency support.
Transcell Biologicals
Started in 2009, Hyderbad-based Transcell raised an undisclosed
amount of funding from the Indian Angel Network, led by Sanjay Jesrani.
Founded by stem cell researcher Dr Subhadra Dravida, Transcell said it
would use this investment to develop more products for therapeutic and
non-therapeutic areas in stem cell based products. Transcell is known to
build stem cell based products and is working on creating an
India-patient specific repository for R&D.
FreshMenu
Rashmi Daga, Founder, FreshMenu
Bengaluru-based FreshMenu raised Rs 110 crore in a new round of fundingfrom Zodius Capital,
with participation from existing investor LightSpeed Ventures. Rashmi
Daga, Founder of FreshMenu, said the round of funding will be used for
team building, growth and strengthening of the brand. Started in 2015,
FreshMenu follows a hub-and-spoke model with centralised kitchens in
each locality they service.
medECUBE
In March this year, medECUBE raised Series A funding of Rs 25 crores
from Artiman Ventures, a Silicon Valley based venture fund. Founded by
Dilpreet Brar, medECUBE offers care coordination services to several
domestic and international patients. With this round the team will be
looking to expand their presence and services.
Heads Up for Tails
Rashi with her pet Sara
Founded by Rashi Narang, this startup makes a line of upscale,
utility-based products for pets with a strong focus on design. This
includes products such as dog beds, apparel, collars, accessories, toys,
grooming products, treats, as well as a line for pet lovers. There is
also a strong focus on customisation and personalisation based on what
the customer is looking for. Heads Up For Tails has raised its seed
round of funding from HNIs.
Vanity Cube
Renu Bisht, Co-founder of Vanity Cube, was started with a personal need of getting affordable and quality beauty services
due to time crunch. After identifying the pain-point, the duo
collaborated and started working on VanityCube. Renu added, “We took a
few months to put our website together and bring salon artists on
board.” The startup raised a pre-series A funding of $250,000 from
Unicorn Ventures.
Funcart
The Delhi-based online store for party supplies raised seed funding
of Rs 50 lakh from HNIs. Founded in 2015 by Ritika Nangia, the platform
offers interesting and cost-effective party supplies for different
events and occasions. The funding will be used to increase product
offerings, infrastructure and technology.
Styledotme
Delhi-based fashion app, Styledotme founded by Meghna Saraogi raised
seed funding from IAN, which was led by Ajay Gupta. The app is available
on iOS and Android platforms and allows its consumers to instantly poll
and get votes on his or her fashion choices. The app also gives expert
advice from various bloggers and stylists. This round of funding will
help in building the tech team and refining the app.
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