Investment

Weekly Startup Investment Insights (August 15th to August 22nd), 2016

 

Securing funds are an important and an integral part of every business. This holds truer for startups which need to establish themselves and grow. Here, we present the list of startups got funded last week.

Buttercups: Buttercups, a Bengaluru based, online lingerie brand, has secured Seed funding in a round led by Anand Chandrasekaran, Kanwaljit Singh, and Manoj Varghese. The amount of funding is not disclosed. Buttercups, launched in 2013, the raised funds are likely to help the company accelerate its growth plan, both offline and online.

Zappfresh: Zappfresh, a raw meat products eTailer, based in Gurgaon has raised an undisclosed amount in Seed funding led by Ashvin Chadha. The funds will be utilized to hiring new talent. Zappfresh procures meat from the farms and claims that it makes sure the product reaches the end customer in 90 minutes once the order is placed on its portal.

OyoRooms: Budget hotels aggregator, OyoRooms based in New Delhi           has raised funds to the tune of $62 Million in Private Equity from SoftBank Group. OyoRooms is India’s largest branded network of hotels that offers standardized stay experiences at an unmatched price.

Hike: Hike, a mobile messaging app based in New Delhi has raised $175 Million in a Private Equity funding. The investment was led by Tencent Holdings, Foxconn Technology Group, Tiger Global, SoftBank Group, and Bharti Enterprises. The funds are likely to help in investing in areas that will be key to the long-term vision and success of the company.

Joolz: Mumbai based online jewellery store, Joolz has raised $500,000 in a Private Equity funding. The funding was led by Powerhouse Ventures and M&S Partners. The company intends to use the raised funds to boost operations, products, and marketing, and further build up its team.

SaleBhai: SaleBhai, an Ahmedabad based one-stop ecommerce marketplace for regional products such as sweets, dry fruits and handicrafts etailer has raised $1,500,000 in a Private Equity funding led by Brand Capital. The funds will help the company, founded in 2015 in expanding its footprint and acquiring more customers in India and abroad.

Makkajai: Makkajai, a Pune based online and mobile learning platform for kids has raised $200,000 in a Seed Funding. The round of funding was syndicated by Anand Chandrasekaran, one of the company’s privileged investor, apart from Mekin Maheshwari and Ananth Narayanan.

Gradopedia: Mumbai based Internet  Career Progression Portal, Gradopedia has raised an undisclosed amount as part of Seed Funding from undisclosed Dubai based HNIs. The raised funds are likely to be used largely towards building the startup’s internal capabilities in learning and development and build its technology in-house which was set up in early 2015.

MaalGaadi: MaalGaadi, an online logistics marketplace based in Indore raised $375,000 as part of Seed Funding. The funding was led by Swan Angel Network, Sachin Khandelwal and others. The startup, founded in 2015 intends to utilize the raised funds to explore the intra-city logistics market.

ZiPi: ZiPi, a Bengaluru based mobile chatbot app has raised an undisclosed amount as part of Seed Funding from Swan Angel Network. The startup, founded in October 2015 plans to use the raised funds to accelerate sales and tech development.

Appknox: Bengaluru based Appknox, a mobile security solutions company has raised $675,000 in a Private Equity funding led by SeedPlus, Infocomm Investments, and Accel Partners RNT Associates. However, it has not been disclosed as to what the proceeds of the funding will be put to use.

Pikkol: Pikkol, a Bengaluru based Packers and Movers startup has raised an undisclosed amount as part of Seed Funding from Indian Angel Network. Pikkol, a logistics firm, founded in April 2015 plans to use the funding for expansion of its operations and product development. The startup will also focus on enhancing capabilities of moving teams.

Meesho: Bengaluru based, Meesho, a mobile based ecommerce SAAS platform has raised an undisclosed amount of funding from  Kashyap Deorah, Rajul Garg, Maninder Gulati as part of Seed Funding. The ecommerce company, catering to the specific needs of small businesses in India plans to utilize the funds in marketing and enhancing technology.

Sesame Software: Sesame Software, a Kozhikode based, a Financial Technology Solutions Provider raised an undisclosed amount in a Private Equity funding from Speridian Technologies. The company plans to use the funding to enhance Sesame Software’s industry presence.

Quikr: Quikr, an internet classified listings platform based in Mumbai has raised $20,000,000 in a Private Equity funding from by Brand Capital. However, it has not been disclosed as to what purpose the proceeds of the funding will be used by Quikr.

Digio: Bengaluru based, Digio, a technology based Aadhar based document signing platform, raised $375,000 in a Private Equity funding from Rainmatter. The startup, founded in April, plans to use the funding for hiring purposes and for operational activities over the next 12-14 months.

Ziffity: Ziffity, a Chennai based, full service ecommerce agency has raised an undisclosed amount in a Private Equity funding from Aspire Systems. The startup, founded in 2014, plans to use the funding for expanding team, and scaling training and development. The funds will also be utilized for upgrading their labs and building solutions for ecommerce space.

Weekly Startup Investment Insights (August 15th to August 22nd), 2016
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