Startup Funding for September 2015
Cab & auto hailing app Ola has reportedly raised around $225 Mn (INR 1,478 Cr.) as a part of its new funding round of $500 Mn, which the company will close shortly. As reported, the company filed the funding documents with the Registrar of Companies (RoC).CureJoy: Online health and wellness startup, CureJoy,raised $1.15 Mn funding in Pre Series A round of funding led by Accel Partners. The startup will use the fund to expand its team, and its geographies.
Plabro Networks: Mobile only real estate platform, Plabro,raised $350K in first round of funding led by Sachin Bansal & Binny Bansal, Sol Primero, Outbox Ventures and angel investor Sangram Singh. The funds will be used to create stronger networking ecosystem and widening its footprint across country.
Bueno Foods: This food tech startup raised $600Kfrom HNIs in its first external fundraise. The startup will use the raised funds in technology development, and expanding its capacity in terms of kitchen, logistics and delivery.
Paintcollar: Online designer marketplace Paintcollar raised its bridge round of funding. This round is a part of funding that Paintcollar is raising via investment platform Applyifi. The startup is an online platform for artists to share their artwork in form of products like t-shirts, mugs, phone cases and earning while offering variety of products.
Unilog: B2B ecommerce startup Unilog secured undisclosed amount of funding from Kalaari Capital to accelerate the company’s product development efforts and expansion into global markets.
XSTOK: Online B2B mobile auction marketplace for sourcing and selling textiles, XSTOK, raised more than $450K (INR 3 Cr) funding in early-stage round from Oliphans Capital. The startup plans to use the raised funds to get new suppliers on board for the categories which it plans to launch over the next two months.
WedmeGood: Wedding portal WedmeGood.com raised $406K (INR 2.7 crores)funding from Indian Angel Network (IAN). The startup helps soon-to-be couples chalk out their wedding from planning to execution.
Chai Point: Tea retail chain Chai Point raised $10 Mn (about INR 66.35 Cr.) in a funding round led by Eight Roads Ventures. DSG Consumer Partners and Saama Capital also participated in this round. The startup is aiming to build a tea delivery business to cater to companies and small businesses across metros.
Mubble: Mobile payments data startup Mubble raised undisclosed amount of funding from Nandan Nilekani. Mubble is a smartphone app that helps users track their telecom spending as well as mobile data usage. The funds raised will be used in hiring top engineering talent.
Coverfox: Online insurance distribution platform, Coverfox, grabbed undisclosed amount in funding from Catamaran Ventures. The startup will use the funding to strengthen and grow its business. It also aims to be the largest online auto insurance provider within next six months.
FYNE: Online bath fixtures and fittings startup, FYNE, raised undisclosed amount in Pre Series A round of funding led by a group of investors. Sandeep Dama of Lotus Partners also participated in the round. With the newly raised funds the startup will expand its product catalogue and enter into new categories along with signing new brands.
Tip No
1. Startup should be based on a good marketable idea
2. Startup company should not be a side business
3.Do not choose Entrepreneurship because you have failed in the exam or not getting incentive
from your presenter employer
4.Keep Ego Out
5. Be Innovative always
6.Better to have a Co-founder who can really contribute
7. Find a good Mentor or a company who can give you better Mentorship
8. Do not invest all the money in one shot
