Startups that raised funds in Oct-Nov-2015
Instavans: On-demand logistics startup, Instavans raised an undisclosed amount in funding from
Dell Services president Suresh Vaswani’s family office. The raised funds will
be deployed to build a virtual fleet which will be managed using Instavan’s
technology platform.
Tavaga: App and web based investment management platform, Tavaga, raised an undisclosed amount in
seed-round from angels via TracxnSyndicate. With this, investor Ashish Goenka
will join the board of Tavaga.
ORIGA Leasing: Asset financing company, ORIGA Leasing, raised over $1 Mn (INR 7 Cr.) from ah!
Ventures, 500 Startups and a consortium of high profile investors. The raised
funds will be utilised towards leasing of assets, people and technology.
Simpli5d Technologies: Digital engagement solutions company, Simpli5d Technologies, raised an undisclosed amount in
its second round of funding led by Dheeraj Jain and YourNest Angel Fund. The
funds will be used for technology enhancements, expanding to new geographies
and for people investment.
Care24: Home healthcare startup, Care24, raised about $350K (INR 2.25 Cr.) in a funding
round from India Quotient. The raised capital will be used to train on-boarded
caregivers and expand to more localities in Mumbai.
Jombay: Talent assessment and analytics platform,
Jombay, raised an undisclosed amount of
funding from VentureWorks India. The raised capital will be used to create
products that will help employees communicate and develop organization skills.
Razorpay: Online payment gateway, Razorpay, raised $9 Mn (INR 58 Cr) in a round
led by Tiger Global. Matrix Partners also participated in this round. The
raised capital will be used to further build its product and enter other
segments of the payment industry.
Girnar Software: Girnar Software received investment from Times Internet. Besides Times,
Sequoia Capital, Hillhouse, Tybourne, Ratan Tata and HDFC Bank have also
invested in Girnar Software.
NetMeds.com: Online pharmacy brand, NetMeds,raised $50 Mn in tranched funding led by OrbiMed. The
company plans to use about $10 Mn of the $50 Mn for developing back-end
infrastructure and to augment its logistics infrastructure in order to provide
medicines and healthcare products in under-served cities.
AlmaMapper: Education technology startup, AlmaMapper, raised about $400K (INR 2.6 Cr) in seed funding from
Oswal Techno Ventures LLP. The startup will use the proceeds of the funds
raised to scale up operations by entering new markets within India and across
the world.
Parcelled: Logistics startup, Parcelled, raised $5 Mn from Delhivery and Tracxn Labs. The funds
raised in this round will be used to invested in technology and expand to 50
cities.
Flexing It: The startup that caters to online marketplace for
consultants and on-demand expertise, Flexing It, raised $500K in an angel round of funding from private
investors. With the new round of funding the startup plans to expand its
services across India and other geographies where huge demand exists for such
services.
Qik Stay: The hotel branding and aggregator startup, Qik Stay, raised $250K in seed round of funding from venture
capital firm, I.D. Enablers Pvt. Ltd. The transaction was closed in August. Qik
Rooms will use the funds to expand its services across the country.
ZopHop: A mobile-tech startup that suggests faster and
cheaper ways to get around a city raised $450K (INR 2.9 Cr) in seed
funding from Amit Singhal, PK Gulati, Anupam Mittal, Hero Choudhary, Jeenendra
Bhandari, Satyan Gajwani and other six unnamed investors. The company will use
the funds for product and team development.
Urdoonline: Hypermarket, Urdoorstep Eretail Pvt Ltd, raised Series A funding from Rajeev
Chandrasekhar-led Jupiter Capital for its expansion plans.
Moglix: A global marketplace for business and industrial
supplies raised an undisclosed amount in its
pre series A funding from Accel Partner and Jungle Ventures. The funds will be
used to enhance the technology platform, build a deep merchant base across Asia
as well as in marketing to customers, globally.
BeaconsTalk Technologies: A startup that enables brands and retailers
to target and re-target customers, BeaconsTalk Technologies, raised$80K (about INR 52 Lakh) in seed
round funding from retail and real estate industry professionals such as Puneet
Bhatia. The funding will be used to scale proximity network, fund product
development and team expansion.
Kleeto: An end-to-end record and information management
company owned by Next Gen Paper Solutions Pvt. Ltd., raised $229K (INR 1.5 Cr) via GREX. The funds
raised will be used for technology enhancement and geographical expansion.
TinyOwl: Food-tech startup, TinyOwl, secured $7.6 Mn (INR 50 Cr.) from existing
investors Sequoia Capital and Matrix Partners. With the new round of funding,
the company gets 12 months runtime to manage the turmoil in the company. In the
meantime, the company will focus on restructuring its processes in order to
create a sustainable business.
LiftO: The mobile platform for ride-sharing startup raised $130K (INR 85 lakh) in angel
funding fromRajesh Bhatia, Dheeraj
Mehta, Amith Aggarwal and the Gupta family from OM Logistics
including promoters of established listed & unlisted companies, private
equity fund managers and other corporate executives. The funds will be used for
expansion to more cities and increase its user base.
Niki.ai: An artificial intelligence (AI) startup, owned and
operated by Techbins Solutions Pvt Ltd. raised an undisclosed amount of funding in its seed round
from Ronnie Screwvala’s Unilazer Ventures. The seed funding will be majorly
used on product development and expanding service offerings.
Toppr: Online test prep platform, Toppr, raised $2 Mn in a round from
Venture Debt provider Innoven Capital. The round is an extension to its
previous round of funding that was commenced in May this year. The company
plans to use the raised capital for the acquisitions lined ahead and also for
technological developments and partnerships.
With this, Snapdeal is in talks with existing
and new investors to raiseabout $300 Mn (INR 2000 Cr) for
its digital services platform, FreeCharge. However, Snapdeal declined to
comment on what it called ‘speculation’.
Online payment service provider BillDesk is
expected to raise $200 Mn from global private
equity major General Atlantic (GA). The transaction is reported to value the
company to about $1 Bn.
Indian Angel Network made an undisclosed
amount of investment in a VoIP service provider, Aznog. Alok Agarwal, Harsh Hada & Vishal Khare from
the IAN network led this round of investment. With thisAlok & Harsh joined the board of the company.
No comments:
Post a Comment