[Indian Startup Funding Weekly Roundup Nov 18 to Nov 22] CredFlow, OneCell Diagnostics, and Three Others Raise Funding
Several Indian startups have raised funds across various categories from Nov 11 to Nov 14, Cancer
diagnostics startup, fintech startup, Dairy startup and more. We will highlight five such transactions, including how these startups plan to use the raised capital.
CredFlow | Fintech Startup
CredFlow has raised $3.7 million (about Rs 31.2 crore) in a pre-Series B funding round co-led by two of its existing investors, Inflexor Ventures and a Singapore-based family office.
As per the startup, the funding will be allocated towards optimizing and scaling its financial services and lending verticals, as well as improving its tech and innovation capabilities.
Launched in 2020 by Kunal Aggarwal, CredFlow is a SaaS-based cash flow management solution that aims to address every single aspect of the cash flow management and financial growth process in small and medium-sized organizations. The platform enables SMEs to leverage technology to unlock more working capital by helping them manage their finances better through timely insights via a dashboard of pending amounts from customers, sending regular payment reminders, validating invoices, and negotiating discounts for early payments.
OneCell Diagnostics | Cancer diagnostics startup
OneCell Diagnostics has raised $16 million in its Series A round led by Celesta Capital. Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures have also participated in the round.
As per the startup, the funding will be used to expand to the US market for OncoIndx Alfa, a next-generation liquid biopsy test that detects circulating tumor cells.
Founded in 2021, OneCell’s technology uses next-generation sequencing, strong bioinformatics, AI/ML, and data analytics to create multi-omics biomarkers.
Doodhvale Farms | Dairy startup
Doodhvale Farms has raised $3 million in a Series A funding round co-led by Atomic Capital and Singularity Early Opportunities Fund.
As per the startup, the funding will be utilized to accelerate the company’s expansion, strengthen its distribution networks, diversify its product portfolio, and upgrade its technology infrastructure.
Co-founded in 2019 by Aman J. Jain, Ishu Jain, Sanjay Jain, and Sudhir Jain, Doodhvale Farms is a fully vertically integrated, technology-driven Direct-to-Consumer (D2C) dairy and daily essentials company. It produces and delivers premium, farm-fresh products directly to consumers’ doorsteps, aiming to provide the nutrient-rich, farm-fresh experience milk was always meant to offer. The company ensures delivery within 36 hours.
Taqtics | SaaS startup
Taqtics has raised $1.2 million in seed round led by Sprout Venture Partners and Capital-A, with additional participation from Java Capital.
As per the startup, the funding will be used to expand its product capabilities, strengthen its presence in key markets, and incorporate AI-driven analytics.
Founded by Yuyutsu Sharma, Taqtics offers a comprehensive suite of tools that help managers streamline store operations with ease.
Blitz | A same-day delivery platform
Blitz (previously Grow Simplee), a same-day delivery platform for omnichannel sellers, has raised Rs 51 crore in its Series A round led by IvyCap Ventures.
As per the startup, funding will be used to enhance its 60-minute delivery infrastructure and expand its dark store network across India’s major 20 cities.
Founded in 2020 by Gaurav Piyush, Mayank Varshney, and Yash Sharma, Blitz connects brands and consumers with 60-minute deliveries from local stores and same-day shipments from urban warehouses. Its dark store model is set to become a key logistics asset for e-commerce players aiming to offer fast, reliable deliveries.
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