Convertible Note Funded Startups in India
Disclosed convertible-note rounds in these 17 India entries span from 2021-08-18 (Probus Smart Things, $500K) to 2025-09-24 (Simple Energy, $10M).
Disclosed convertible-note rounds in these 17 India entries span from 2021-08-18 (Probus Smart Things, $500K) to 2025-09-24 (Simple Energy, $10M). The largest disclosed round is Udaan’s $117M on 2022-10-27, which dwarfs the next-largest disclosed amount of $50M (G.O.A.T Brand Labs on 2022-04-20) and sits far above the mid-teens rounds (e.g., Soothe Healthcare $15M on 2022-10-21; BetterPlace Safety Solutions $12M on 2022-08-05).
The list also shows two tight concentrations: several deals cluster around mid-2022 (multiple convertible notes from 2022-04-07 through 2022-08-16), and geography leans toward the Delhi NCR belt, with Gurgaon-based Intents Mobi ($1M on 2022-06-09) and Jimmy’s Cocktails ($2M on 2022-04-07), plus Noida-based Soothe Healthcare ($15M on 2022-10-21). Sector-wise, “Data and Analytics” appears more than once (Intents Mobi $1M on 2022-06-09; BangDB $100K on 2021-12-27), while one entry remains an amount outlier due to missing disclosure: Toolsvilla ($undisclosed) on 2021-10-17.
Most recent rounds
17 shownRelated listings
Frequently asked
What’s the largest disclosed convertible-note round here, and how much larger is it than the rest of the disclosed amounts?
Udaan’s $117M convertible note (2022-10-27) is the largest disclosed amount in the 17 rows, well above the next-largest disclosed round of $50M (G.O.A.T Brand Labs, 2022-04-20) and far above the $12M–$15M band (BetterPlace Safety Solutions $12M on 2022-08-05; Soothe Healthcare $15M on 2022-10-21).
Do any cities or metro areas show up repeatedly across these convertible-note rounds?
Gurgaon appears more than once: Intents Mobi (Data and Analytics) closed $1M on 2022-06-09 in Gurgaon, and Jimmy’s Cocktails closed $2M on 2022-04-07 in Gurgaon. Noida and nearby NCR also show up via Soothe Healthcare’s $15M on 2022-10-21 (Noida).
Is there a concentrated window in time where multiple rounds land within 2022?
Yes. Several rounds fall within a relatively tight 2022 stretch—starting with Jimmy’s Cocktails (2022-04-07, $2M) and extending through Redesyn (2022-08-16, $500K) and BetterPlace Safety Solutions (2022-08-05, $12M), with additional entries in April 2022 such as Celcius Logistics Solutions (2022-04-20, $5M) and G.O.A.T Brand Labs (2022-04-20, $50M).
Which sectors are over-represented versus one-off categories in this set?
Data and Analytics is the only sector category that repeats in multiple rows: Intents Mobi (Gurgaon) at $1M on 2022-06-09 and BangDB (Bangalore) at $100K on 2021-12-27. Other sectors appear once each across the 17 entries, including Transportation (e.g., TruckHall $1M on 2022-04-15; Skyroot Aerospace $5M on 2022-01-27).
Are there notable outliers besides the largest round—particularly on the low end or missing disclosure?
Yes on the low end and missing amounts: BangDB’s $100K on 2021-12-27 is the smallest disclosed amount, while Toolsvilla’s convertible note on 2021-10-17 has an undisclosed amount. Those stand out versus several mid-single-digit and million-dollar disclosed rounds like Celcius Logistics Solutions ($5M on 2022-04-20) and Skyroot Aerospace ($5M on 2022-01-27).
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