Tune in to a packed week! From drone startups to local social networks, a heavy week of funding indeed!

Welcome back to TechMantras!

Your one-stop guide for information on the Indian startup Ecosystem.

Every week, I consume various articles on the Indian startup ecosystem, and deliver exciting metrics and developments through a quick read.

It’s a packed week! Here are some quick links to cover some other happenings in the industry before we get down to the main bits!

• Square Yards posts Rs 664Cr in revenue.

• Chennai-based Drone startup’s revenue soars 7X in FY22, turns profitable.

1. 🔗 Link: Logistics provider raises $40 Million.

• The company had previously raised $300 Million in their Series F round.

• They are present in 5000 cities, and deliver 2 million packages a day.

• They provide a wide host of solutions, from supply chains to warehouse and cross-border operations.

• And they crossed Rs 1900 Cr Revenue in FY22.

2. 🔗 Link: Lokal raises Rs 120 Cr in Series B.

• Having reportedly raised $12 Million from Tencent, the the hyperlocal social media platform is focussed on expansion and strengthening its tech.

• They’ve amassed 13 million downloads in the past year, and 2.3 million since January.

• Aiming to build a network of freelancers, they are already present in over 180 districts in 7 states.

3. 🔗 Link: Servify raises Rs46.5 Cr.

• The Post-Sales platform raised a Series D round, which was a mix of equity and debt, and has raised over $120 Million.

• They offer brand-authorised after sales support for a variety of appliances, as well as a management system.

And that’s all for today friends! Thanks for reading, and I would love to hear your thoughts.

As always, feel free to reach out to me on LinkedIn and Twitter!

If you liked this piece, subscribe below: