Fintech startup Credflow, which offers cash flow management solutions for Indian small and medium enterprises (SMEs), has raised $2.1 million in its seed round of funding led by Stellaris Venture Partners, Omidyar Network India, and Flourish Ventures.
Angel investor Nitin Gupta (Founder of Uni.money) also participated in the round, per a company statement.
Credflow will use the funds to further develop its platform, strengthen its tech capabilities and build new products, with a focus on expanding its customer base. The company is also looking to expand its team across tech, product and marketing.
Launched in 2020 by Kunal Aggarwal, CredFlow offers a cashflow management SaaS platform, which helps SMEs manage their finances by using a dashboard of pending amounts by customers, sending timely payment reminders, validating invoices, and negotiating discounts for early payment.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from April 11-14, 2021.
Expand Table
| Startup |
Headquarter |
Investment Size (USD) |
Investment Stage |
Lead Investor(s) |
Other Investor(s) |
Industry |
Verticals |
| Credflow |
Delhi |
2.1 million |
Seed |
Stellaris Venture Partners, Omidyar Network India, Flourish Ventures |
Nitin Gupta |
Financial Services |
Fintech |
| Solethreads |
Gurugram |
1.7 million |
Series A |
DSG Consumer Partners, Saama Capital |
– |
Consumer Products |
E-commerce |
| Byju’s |
Bengaluru |
455 million |
Series F |
– |
Baron Funds, B Capital Group, XN Exponent Holding, Arison Holdings, Tarsadia Capital, MC Global |
Education/Training |
EdTech |
| WeWork India |
Gurugram |
26.6 million |
Debt/Equity |
– |
– |
Real Estate Development & Operating Company |
Real Estate Tech |
| LearnVern |
Ahemdabad |
1 million |
– |
– |
– |
Education/Training |
EdTech |
| PolicyBazaar |
Gurugram |
– |
Secondary |
– |
Serum Institute of India, Ashoka India Equity Investment Trust Plc, Triumph Global Holdings Pte Limited, IIFL Special Opportunities Fund Series 8, India Acorn Fund Ltd |
Insurance |
Insuretech |
| LimeChat |
Gurugram |
750,000 |
Seed |
pi Ventures, Stellaris Venture Partners |
|
|
|
| Nova Benefits |
Bengaluru |
1 million |
Seed |
Multiply Ventures, Better Capital, Titan Capital |
– |
Insurance |
Insuretech |
| Upscale |
Bengaluru |
250,000 |
Pre-Seed |
Powerhouse Ventures, Java Capital, GSF Accelerator |
|
Software |
Sales & Marketing Software |
| Dybo |
Bengaluru |
160,000 |
Seed |
Spanache |
Manoj Nigam |
Software |
AR & VR |
| Beldara |
Mumbai |
7.4 million |
– |
Hindustan Media Ventures |
– |
Retail |
E-commerce |
