Every organization whether it’s a multinational corporation or a small and medium-sized enterprise, or even non-profit organization, needs money to be sustainable, and achieve their vision and objectives. Especially, when you start a new venture, you should have a good command over the finance of your business. Here is the list of startups which got funded this week reported by the different daily news and others.
MintM: MintM, a Bengaluru-based digital marketing startup, has raised a pre Series-A funding of undisclosed amount which is led by Mumbai Angels and Times Internet, with participation from a clutch of angel investors, for its cloud-based smart signage solution. The product ‘Magnet’ is a cloud-based responsive and analytical platform in brick and mortar shops. The company says the funds will be used for its product enhancement and to expand its operations on international level. Magnet’ has been adopted by outlets like Star Bazaar, Jawed Habib, Spar, HyperCITY, Aviva Insurance, Printo and overseas outlets including Target.
ShareChat: Bengaluru-based, vernacular social network startup, ShareChat has secure $ 1.35 million (about Rs 9 crore) from SAIF Partners as reported in The Economic Times. The startup will utilize the funds raised towards ramping up its tech infrastructure to cater to its constantly growing user base and to reach out to more people across India with a variety of content formats. ShareChat has built a first-of-its-kind social networking platform for India’s vernacular language users which is available in four Indian languages — Hindi, Marathi, Malayalam and Telugu.
Findmystay: Findmystay.com, a New Delhi-based startup that operates a hotel booking website has raised undisclosed pre-Series A funding from Indian Angel Network. The startup which is based out in Delhi, allows its users to book hotel accommodations at the price they wish to pay for their stay. Its unique model enables two-way communication between the customer and hotel rather than a non-negotiable price tag posted by the hotels. The company was founded by Rohit Kheterpal and Simran Sial in October 2013.
SirionLabs: Supplier management technology product provider SirionLabs has raised $12.25 million in Series B round of funding led by venture capital firm Sequoia India. QualGro Asean Fund and Canopy Ventures have also invested in the start-up. Besides, Sanish Mondkar, former executive vice-president and chief product officer at SAP, joined SirionLabs’ board of directors. The Series B funding would be used for expansion and R&D, the Economic Times reported. The company will also hire marketing professionals to expand its sales in the markets in the United States, Europe, and Australia.
Purplle: Purplle has raised an undisclosed amount from JSW Ventures along with existing investors Ivy Cap and Blume Ventures. Mumbai-based beauty products and services marketplace startup will utilize the funds raised for its technology enhancement and expansion. Founded by Manish Taneja and Rahul Dash in 2012, the company’s website has listed 13,546 salons and spas over 10 cities, including Delhi and the National Capital Region, Pune, Kolkata, Lucknow, and Bengaluru.
HiGrit: Delhi-based online advisory start-up has raised seed funding from two Chandigarh-based investors. HiGrit advises start-ups on legal and other statutory compliance issues. The amount of the investment is not disclosed by the founders but said that they might go for another round soon for expansion. Currently, the company has successfully tied up with 110 of lawyers and chartered accountants from different parts of the country into its panel of experts.
Yaap: A digital content service company, Yaap has recently raised $5 million from Rainmaker Ventures as per the reports in The Economic Times. Launched in December 2015 with an initial corpus of $50 million, Rainmaker Ventures aims to invest in early stage companies. Yaap, a two-month old startup is planning to utilize the current funding for acquisitions in the area of branding and visual identity, automated content distribution and content creation platforms. The company will also use the additional capital for its expansion in Singapore and US markets.
Twigly: Gurgaon-based Twigly has raised $600,000 in seed funding, and is looking to expand its kitchen-on-cloud business to Delhi and Bengaluru. The funding is led by Bengaluru-based Tracxn Labs, Hyderabad Angels, Freecharge founder Kunal Shah and Flipkart vice-president (engineering) Gaurav Bhalotia,invested. The startup has plans to the funds to expand its operations into new cities and towards building a food brand that will be made available in supermarkets and online platforms.
IntensAquatica: IntensAquatica, a fish farming startup, has recently raised Rs 25 lakh from Angel investor Sharad Sharma. Sharad, an advisor at Let’s Venture, has also helped IntensAquatica raising Rs 2.5 crore from some investors from the Let’s Venture platform that connects startups and investors. The startup was founded by Bengaluru-based entrepreneur Ganesh Yala this year.
Urban Tailor: Unitus Seed Fund, an early-stage investment platform, has made an investment in e-tailoring service Urban Tailor. The current round is also participated by Mr. B. S. Nagesh, founder of TRRAIN (Trust for Retailers and Retail Associates of India) and former MD, Shoppers Stop. The company currently has over 20,000 customers and offers services across Bengaluru and has plans to expand to three more cities by the end of this year.
HEAL Institute: A sports-focused healthcare startup, HEAL Institute, has raised an undisclosed amount of funding from a group of high-profile investors that includes former Standard Chartered ace banker Jaspal Bindra and son of JSW Group chairman Sajjan Jindal, Parth Jindal. The company also have plans to raise $ 5-8 million in future. The Mumbai-based startup will use the fresh round of funding to expand its presence to various geographies.
RentoMojo: RentoMojo, a home appliances and furniture rental marketplace, has secured about Rs 33.5 crore ($5 million) from existing investors including Accel Partners and IDG Ventures India as per the company sources in Series A round. RentoMojo was founded in November 2014 by IIT Madras graduates Geetansh Bamania and Ajay Nain and currently operated by Bangalore-based Edunetwork Pvt Ltd.
UToo Cabs: Chennai-based online shuttle aggregator UToo has recently raised an undisclosed amount of funding from the billionaire Ajay Piramal. Founded by former Aircel CEO C Sivasankaran, UToo has already completed more than 5,000 rides with 100 daily commuters and 20 routes. The online shuttle aggregator allows its users to book a seat on a shuttle which will take them to their office and allows them to choose a timing.
GyanDhan: An education financing marketplace, GyanDhan, has raised an undisclosed amount of seed funding from Stanford Angels and Entrepreneurs with participation from Harvard Angels, and other individual investors including Pravin Gandhi, Partner- Seedfund Advisors, in his personal capacity. Founded in May 2016 by IIT alumni Ankit Mehra and Jainesh Sinha, GyanDhan provides students with an option to apply for loans for up to Rs 30 lakhs without any collateral for higher education abroad. The company has processed over 2,500 applications till date and has already helped students avail loans worth Rs 10 crore.
ShoppinPal: Pune-based retail tech startup ShoppinPal, has raised $1.07 million in its first equity round of funding which was led by Plug and Play Tech Center and Steelhead Ventures. The startup will be utilizing the funds to build its team and expand its market presence, primarily in India. ShoppinPal helps offline retailers to get onto digital platforms and marketplaces where it integrates with the retailer’s existing ERP systems to simplify the process of getting online for them.
Satvacart: Gurgaon-based e-Grocery retailer Satvacart is keen to raise another $2 million in current round of funding which was led by a clutch of individuals, including Abhijit Avasthi, Karan Chellani and SP Vijay have already invested. However, the previous amount of investment has not been revealed. The startup is backed by Palaash Ventures and has senior executives from Insurance, Consulting, Hospitality and Investment Banking sectors as angel investors and currently focuses only on the Gurgaon market.
WorkApps: Sashi Reddi led SRI Capital has invested $1 million (Rs 6.7 crore) in WorkApps, an enterprise workflow collaboration company (EWC). The company’s unique product aims to augment communication efforts for companies with its software, improve efficiency and change the way people collaborate. Citing the uniqueness of its product, the company claims it has a hybrid and consulting model where an enterprise doesn’t need to pay hourly development fee and yet gets flexibility for customization and integration. WorkApps plans to roll it out globally for industries such as banking, financial services and insurance (BFSI), advertising and media, telecom and manufacturing.
Transweb: Educational-technology firm Transweb Educational Services Pvt. Ltd has raised its Series A round of funding from 500 Startups, a Silicon Valley-based startup accelerator and early-stage VC fund house. The Delhi-based company which was launched in 2006 by IIT Delhi alumni Aditya Singhal and Nishant Sinha, provides online tutoring services through its five websites—askIITians, eMedicaPrep, transtutors, transwebtutors, and mycollegesabroad. As per the company sources, the funding will be used for marketing of transtutors and increase its team strength. Transtutors is a question-and-answer format website for homework help. The company also has a plan to venturing into Chartered Financial Analyst (CFA) coaching this year.
Ridlr: Mumbai-based public transport app, Ridlr has raised $6 Mn in Series B round of funding. The funding was led by Times Internet and Innoven Capital along with the existing investors Matrix Partners India and Qualcomm Ventures. The company will use the recent funding for scaling up public transport ticketing in focus cities, growing user-base, as well as for hiring talent across key roles. Ridlr was launched by Ravi Khemani and Brijraj Vaghani in 2009 and was developed by Birds Eye Systems. The app provides real time information such as roadblocks, diversions, cancellations, etc., through GPS installed probes.
Cityfurnish: Gurgaon-based furniture rental startup Cityfurnish.com has raised an undisclosed amount of funding from Brand Capital, the investment arm of media conglomerate Bennett, Coleman and Co. Ltd. (BCCL) along with the existing investors. Cityfurnish plans to advertise its brand and offerings through various media publications of Bennett, Coleman & Co Ltd, which operates as Times Group. Founded in September 2015 by IIM Ahmedabad alumni, Neerav Jain, CityFurnish offers furniture, furnishings, and appliances on rent. The startup currently operates in Gurgaon, Delhi, and Bangalore, and plans to launch its services in Pune this month and also seeks to increase its footprint in Mumbai, Hyderabad and Chennai.
Silent Circle: Geneva-based pioneer in securing mobile communications, Silent Circle has raised $50 million in a Series C financing round. The current round is led by Santander Bank as it looks to reinvent itself as an enterprise-focused business. As part of the funding round, cyber security investor Bob Ackerman is also joining the board. The firm has plans to shift from an early focus on individual consumers and hence will utilize the funds to expand development of software products aimed at businesses, governments, and law enforcement agencies.
underDOGS: underDOGS, a Mumbai-based game development company, has recently raised an undisclosed amount of funding from digital platform firm, Intelli Reboot Digital Pvt. Ltd. The alliance aims at acquiring a significant stake in underDOGS as well as to utilize its team strength to develop games together. underDOGS is going to generate IP based games catering to consumers as well as corporate. This tie-up has also bagged several other deals with biggies such as Disney, Tizen, Baidu’s store – MoboJoy and more, as mentioned in a press note. Till date, the 5 year¬-old underDOGS Gaming has developed leading gaming titles such as Skatelander, Parking Evolution 3D, Smash Rider etc.
Baggout: Baggout, a New Delhi-based product aggregation website has recently secured funding from multiple angel investors that include Jabong CTO Sumit Jain, CommonFloor co-founder and CEO Sumit Jain, DGM Network founder Anurag Gupta, IREO PE Fund director Varun Khanna and Faraz Khan. However, the amount of the funding is not disclosed. After raising a small amount from two investors in March, it is Baggout’s second round of funding. As per the company’s claim, it aggregates inventory from more than 300 partner e-tailers that include Amazon, Flipkart, Snapdeal, Myntra, Jabong, StalkBuylove and Koovs. It also claims over one million unique visitors on the website and around 15,000 orders a month.
AuGrav: Coimbatore-based startup, AuGrav, is in talks with the Chennai chapter of global angel network Keiretsu Forum and others to raise close to $450,000 (around Rs 3 crore) in seed investments. Owned and operated by Krizda India Pvt Ltd, AuGrav designs and sells personalized precious jewellery to end-customers and retailers. As per the sources, the startup wants to utilize the funds to expand its team and strengthen its marketing efforts and research initiatives. Launched in October 2014 by Krishna and underwent two pivots before transforming into a 3D printed personalized gold jewellery brand. It was launched as a plain gold Jewellery e-commerce company and later changed its business model to be a marketplace or an aggregator for jewellery for a short period.
BankerBay: A leading investment banking platform for M&A and Private Equity deals around the world, BankerBay has raised $2,000,000 convertible funding round led by the investors from prior rounds as well as new high profile family offices and global leaders in the investment banking industry. The press release says that the recent funding will support BankerBay’s continued global expansion, solidifying its presence in major financial markets through the build out of sales, marketing and business development teams in London and New York. BankerBay is a premium investment banking platform that connects qualified corporate seekers of capital with institutional providers of capital around the world.
Tripshelf: Tripshelf, a holiday packages marketplace has raised a Pre-Series A funding of $250,000 from Delhi-based GEMS group. The startup which is based out in Delhi will utilize the raised funds to establish traction with the customer and travel operator community. Tripshelf is an online marketplace for leisure travelers to discover, compare & buy the most suitable holiday packages from multiple tour operators. It plans to soon launch a mobile app.