5 rising startups in India – April 26

Photo credit: Pixabay.

The closure of US$50-million-funded PepperTap hasn’t discouraged investors from investing in an upstart in the grocery delivery space. And even as food delivery is going through tough times in India, a coffee delivery startup has attracted follow on funding. Read on to find out more about the startups that are bucking the downturn in funding.

Milkbasket

Photo credit: Pixabay.

Hyperlocal grocery delivery startup Milkbasket today announced seed funding of US$500,000 led by EVC Ventures. Chinese investors Zhu Dao Investments and YeahMobi Ceo Peter Zou participated in the round along with Vikas Banga and Manav Kamboj of Indian ecommerce leader Snapdeal.

This comes days after the closure of India’s third largest grocery delivery startup PepperTap.

See: How Milkbasket hopes to avoid the mistakes of PepperTap

Cleartax

Photo credit: Taxrebate.

In India, income tax filing is a tedious process, involving a lot of careful work. Most people need help from an accountant to do that. YCombinator-backed Cleartax makes the process simple for individuals as well as small businesses. Last year, the startup filed taxes for a million users and this year, it is looking forward to 4 million filings.

Today, it announced a seed round of US$1.3 million from a bunch of top angel investors from the Silicon Valley, including Max Levchin, co-founder of PayPal, Neeraj Arora, head of business at Whatsapp, and Scott Banister and Cyan Banister, who are investors in Uber, SpaceX, Postmates, and Zappos.

See: ClearTax helps millions in India file tax returns in ‘less than five minutes’

Roposo

Photo credit: Nicola.

DropKaffe

Udio