Total amount raised
$36.3 Million
Latest funding date
7/1/2021
Location
Animall has successfully raised funding over six rounds, with notable investors including Deepinder Goyal, Sahil Barua, Nexus Venture Partners, and SIG Global India Fund. The platform specializes in the online buying and selling of dairy and cattle, making significant strides in the e-commerce and livestock industries.
Keep reading to explore the intricacies of Animall's fundraising journey and the investors backing this innovative platform.
What Is Animall?
Animall is a private company based in Bangalore, Karnataka, India. It operates in the E-Commerce, Information Technology, and Livestock industries, specializing in the online buying and selling of dairy and cattle.
Founded in an unspecified year, Animall has grown to employ between 101 and 250 people. The company has successfully raised funding through multiple rounds, with the latest being a Series B round.
How Much Funding Has Animall Raised?
- Pre-Seed Round
- Amount Raised: INR 1,500,000
- Date: January 2020
- Lead Investors: Gauri Kanekar, Rakesh Yadav
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To jump-start operations.
- Seed Round
- Amount Raised: INR 56,500,000
- Date: May 2020
- Lead Investors: BEENEXT
- Valuation at Round: INR 250,000,000
- Motivation Behind the Round: To scale operations and expand the platform.
- Series A Round
- Amount Raised: INR 445,000,000
- Date: November 2020
- Lead Investors: Peak XV Partners
- Valuation at Round: INR 1,750,000,000
- Motivation Behind the Round: To further expand and solidify its position as the largest trading platform for cattle in India.
- Series A Round
- Amount Raised: USD 2,000,000
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its services, including connecting dairy farmers with experts and doctors.
- Series B Round
- Amount Raised: INR 1,026,200,000
- Date: July 2021
- Lead Investors: Nexus Venture Partners, SIG Global India Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand and solidify its position as the largest trading platform for cattle in India.
Total Amount Raised: USD 20,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies. They have a strong presence in India and the U.S.
- Investment Focus Areas: Technology, consumer services, healthcare
- Notable Investments: Delhivery, Unacademy, Druva
- SIG Global India Fund
- Details: SIG Global India Fund focuses on investments in Indian companies. They are known for their strategic investments in high-growth sectors.
- Investment Focus Areas: Technology, consumer services, education
- Notable Investments: Swiggy, Byju's
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that invests in technology and healthcare sectors. They have a significant impact on the startup ecosystem.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: OYO, Ola, PolicyBazaar
- BEENEXT
- Details: BEENEXT is a venture capital firm that invests in early-stage technology companies. They have a global investment footprint.
- Investment Focus Areas: Technology, fintech, e-commerce
- Notable Investments: Zilingo, Trusting Social
- Gauri Kanekar
- Details: Gauri Kanekar is an individual investor and Vice President of Pratilipi. She has a keen interest in early-stage investments.
- Investment Focus Areas: Technology, media, consumer services
- Notable Investments: Not publicly disclosed
What's Next for Animall?
Animall is poised to capitalize on the vast, unorganized cattle trading market in India. With over a million downloads of its Android application, the platform connects cattle buyers and sellers, offering a community for dairy farmers to engage with experts and doctors. The opportunity in the cattle classifieds segment is substantial, as evidenced by the interest from bluechip investors like Sequoia Capital.
Given the rapid increase in valuation and backing from prominent investors, Animall is well-positioned for future fundraising rounds. The involvement of investors such as Sequoia Capital and Omnivore Partners suggests strong potential for continued investments. However, organizing a traditionally unorganized market presents challenges, including ensuring the quality and reliability of listings and facing competition from other startups entering the space.
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