It is a well-known fact that, to get the fruits we need to sow the seeds and nurture the plants till they grow as a big tree. Similarly, to reap the harvest of profits in business, we should take care of the nurturing aspect very carefully. While nurturing the startup, we should manage the capital that needs to be invested. startup. Capital is one of the essential aspects of any business. It is also considered as the life blood of business as it provides money for its long term investments and day to day expenses. Below are the startups that raised funds last week while focusing on their success in future.
Sheroes: A career platform for women, Sheroes has recently raised INR 12 crore in Series A round which was led by Lumis Partners along with The HR Fund and angel investor Rajul Garg. The current round was also participated by the existing investor Raghav Bahl led Quintillion Media. The raised amount of INR 12 crore is a part of the large commitment by the investors. Sheroes is a career community for women with members from over 20,000 locations and over 12,000 companies actively using the platform. It also runs a career support helpline via phone and app. The startup has not yet disclosed its plan for using the raised capital.
Gaia Smart Cities: Gaia Smart Cities, an IoT solution providing startup, has raised $300,000 from angel investors Devang Mehta and Sandeep Shetty. A venture by former Reliance Jio president and chief information officer Sumit Chowdhury, secured the current funding at a time when the company is preparing to raise up to $10 million in Series A round within the next quarter. The startup will utilize the funds for its product development targeted at smart city initiatives, and demonstrations and pilots for various clients. Gaia Smart Cities provides internet of things solution like remote access to water meter, gas meter, asset tracking. The company is developing its own smart products, software platforms and solutions, along with billing systems.
Cloudyn: Israel-based cloud computing startup called Cloudyn has raised $4 million from Infosys, India’s second largest software exporter in exchange of a minority stake. The investment is seen as an attempt by the Infosys CEO, Vishal Sikka, to drive up growth in the company’s traditional outsourcing business, while also balancing futuristic bets on newer areas of technology. Cloudyn monitors and optimizes cloud deployments of top Fortune 500 companies and enables enterprises to manage and optimize their hybrid, multi-cloud deployments. The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth.
Petoo: Bangalore Based Food Startup Petoo raised $1 Million in funding from Axilor Ventures. Currently operating in Bangalore, the Petoo team will use the funds to enhance its backend operations, speed up food research and consolidate its team. They also plan to launch their own website and mobile-app based ordering system that will provide a seamless ordering experience for users with features like 3-tap ordering, live order tracking among others. The startup also plans to target taxi aggregators, bus operators in order to take orders for travelers. Petoo hopes to expand its operations to more areas in Bangalore and eventually launch in Chennai and Hyderabad.
Stellaris Venture Partners: Stellaris Venture Partners is all set to receive $15 million from Infosys, one of the leading IT consultancy service company of India as its first investment in an Indian venture capital firm. Stellaris Venture Partners was set up by Alok Goyal, Rahul Chowdhri and Ritesh Bangalani and describes itself as an early stage venture fund looking to support the next generation of companies. The firm is aiming for a final corpus of around $100 million from local and well as global investors.
Flickbay: Flickbay, a film discovery app backed by actor and movie director Farhan Akhtar, has raised $890,000 in seed funding from Paul Roy, chairman of Dubai-based Riva Digital. Flickbay was founded last year by Trishant Sidhwani and Vishal Ramchandani and is run by Picdot Pte. Ltd. The platform provides news, trailers, songs, reviews, ratings, box office collections and information about movies playing in theatres and on TV.
ExtraCarbon: Gurgaon-based waste management company, Greentooth Technologies Pvt. Ltd., which operates the online platform ExtraCarbon, is all set to raise $225,000 in an investment round led by Brand Capital, the ad-for-equity investment arm of Bennett Coleman & Co. Ltd (BCCL). Started in 2013 by Gaurav Joshi and Anant Avinash, the startup collects recyclable waste from homes and commercial places, and sends the material to recyclers. The company also buys second-hand furniture and household items.
Daily Ninja: Subscription-based hyperlocal delivery platform Daily Ninja has raised an undisclosed amount in a pre-Series A round of funding from LetsVenture and TracxnSyndicate investor network platforms. Led by NuVentures’ Venk Krishnan, in its recent round, the company saw participation from angel investors Anupam Mittal and Kunal Shah of Freecharge, and Aprameya Radhakrishna, co-founder of TaxiForSure. The startup is currently operating only in Bangalore and with the recent funding, it is now planning to scale up operations to other cities, including Mumbai. It is also aiming to process more than 5,000 orders a day in near future.
Tokri: Tokri, Pune-based hyperlocal delivery startup, has recently raised $2.5 million in a pre-Series A round of funding from Syska LED group. The startup plans to utilize the funds to upgrade its technology to improve the customer experience and expand business by setting up warehouses in Pune and other cities along with spending a part of it for brand building and marketing. Tokri is a one stop portal where fresh fruits, vegetables and groceries are available. It delivers products at the door step of its users.
Healthkart: Healthkart, an online health products vendor, which sells consumables such as protein supplements and vitamins, has raised $12 million in a Series E round of funding from existing investors Sequoia Capital India and Kae Capital. The startup is reported to have more than 200 brands and authorized vendors on its platform. The company will use funds to enhance marketing initiatives and for offline expansion. Currently, Healthkart has two offline stores and plans to set up 7 to 8 more such stores of 200-300 sq. ft. size in the next six months.
YumLane: Mumbai-based fast moving consumer goods startup QwikPik Technology, which owns and operates the YumLane brand of food products has raised $1-million seed funding round led by Flipkart Chief Executive Binny Bansal. The funding round was participated by Anupam Mittal, Founder of People Group, Sachin Bhatia, cofounder of Nasdaq-listed travel portal MakeMyTrip, and Darius Pandole, partner at private equity firm New Silk Route. The startup will use the proceeds primarily towards marketing and further brand building as it looks to expand its presence in the city before entering other markets across the country.
Repaireasy: Repaireasy, gadget and mobile phone repair platform, has recently raised a pre-series A investment of $275,000 from a group of international and domestic investors which includes Morris Street Advisors (MSA) and P. Krishnamurthy, former vice chairman of JM Morgan Stanley. Repaireasy is planning to utilize the funds to power up its technology infrastructure, strengthen customer support, develop new value-added services, and fuel expansion. Founded in 2013 by Rishi Wahi and Naveen Goyal, it is an online platform that offers repair services for smart phones, laptops and tablets to individuals as well as corporate entities. It offers services such as free pickup and delivery of gadgets, warranty on parts and workmanship, and cash on delivery. For corporate services, the company offers technical implants, IT assets audit, network security, consultation on IT upgrade and securing of IT assets.
Stellar Value Chain Solutions: Stellar Value Chain Solutions Pvt. Ltd., a third-party logistics company, has secured $125 million investment from Warburg Pincus, a global private equity firm. The startup serves customers in the food and beverages, fast moving consumer goods, consumer durables, electronics and technology, lifestyle, automotive, pharmaceutical and engineering industries. With the current funding, the startup has plans to provide integrated logistics solutions which will include modern distribution centers and warehousing facilities at strategic locations across India, over the next few years.
Tricog Health: Bengaluru-based Tricog Health Services Pvt. Ltd. has recently raised an undisclosed amount in a Series A round from Inventus Capital Partners, Blume Ventures and a group of angel investors. The raised funds will be utilized to enhance its technology. The startup was founded in January 2015 and has built add-on hardware for ECG (electrocardiography) machines that uploads the data and returns a diagnosis in 30-45 seconds. With a plan to expand its reach to all major cities and towns during 2016-17, Tricog is currently present in almost 250 clinics, nursing homes and hospitals across 12 cities and towns in urban and rural areas of the country.
Mojarto: Art discovery platform Mojarto has raised $445,000 in its first round of funding from undisclosed investors. Backed by NDTV, Mojarto was founded in 2005 by Manisha Lath Gupta along with Tara Roy. It has been the largest and most innovative online art platform in the country to bring together artists, collectors, dealers, galleries, and resellers onto a single powerful online platform.
Airbnb: The home-sharing company Airbnb Inc. is raising $850 million in its series F round. The names of the investors are not disclosed yet. Founded in August of 2008 and based in San Francisco, California, Airbnb is a trusted community marketplace for people to list, discover, and book unique accommodations around the world — online or from a mobile phone or tablet.
VST Travels: A startup at Kerala State Industrial Development Corporation (KSIDC) startup zone at Angamaly, VST Travels, has secured INR. 1.8 crore in funding from Dubai-based Promatus Group. The startup will use the funds to develop and market its application — VehicleST, through which the user can book tickets in all modes of transport, including flights and bus and also hire taxis and auto-rickshaws, locate ambulances, recovery vehicles, bulldozers and cranes. VST Travels is the first KSIDC supported start up to attract funding within six months of launching its operations.
Uber: To reduce its dependency on Google Maps, Uber invests $500 million to develop its own maps. This will help Uber in precisely marking pickup and drop-off locations on maps. Currently, the Uber app is powered by Google Maps in most parts of the world. Uber is more keen on details such as traffic patterns in a region, accurate drop-off and pickup customer locations. The company also wants its customers to have a hassle-free experience in regions where detailed maps are not available.
Go-Jek: The on-demand motorbike taxi service, Go-Jek, that rivals Uber and Grab in Indonesia, has recently secured $550 million in new funding. The company plans to spend the money growing its services businesses, and continuing to compete with its fierce rivals in Indonesia. Founded in 2010, Go-Jek grew faster after it introduced a mobile booking app in early 2015. The firm claims 200,000 motorbike drivers — known as “ojeks” in Indonesia — in its fleet across Indonesia, which is the world’s fourth largest country with a population of more than 250 million people.
Xcode: Chennai-based Xcode Life Sciences Pvt. Ltd. was recently in the news where it has raised an undisclosed amount of funding from US-based venture capital firm RoundGlass Partners. Some other undisclosed institutional investors also took part in the round. The recent funds will be utilized by Xcode towards sales and marketing, development of new products and expanding the its team.
LEH LEH Sports: An exciting venture created to provide easy access to sports, LEH LEH Sports has received funds from Anglian Omega Network for a minority stake in the company. The investment has been made by Sunny Narang – Chairman of the Anglian Omega Network in a personal capacity. The funds will help LEH LEH Sports to scale up the venues strategy for the company. LEH LEH Sports creates easy access to sports and addresses the problems usually faced by people who want to play – finding spaces, partners, teams to play with and takes away the organizational hassles.