Here is a list of top funding deals that happened in Indian Startup Ecosystem this week. Check out the brief description about all of them.
Fashion Etailer Koovs Raises $16M from Times of India Group and Others
Fashion store Koovs has raised $16 million from India’s largest media house, the Times of India Group, and other investors.
The firm said the fundraising is part of a three-year program to secure $43.3 million, planned since 2015. With the latest tranche the company has raised $38.4 million to date.
Marketplace for Luxury Brands vClusive Raises $6.3M in Funding
VClusive, an omni-channel marketplace for luxury brands, has raised its first external round of funding. The company raised Rs 42.6 crore ($6.3 million) in a round led by venture capital firm Hunch Ventures. The raised funding will be used for technology development. A part of the money will also go toward marketing and branding campaigns.
GoZefo Raises $6M in Funding from Sequoia India, Others
Bengaluru-based ecommerce portal for second-hand and factory seconds goods Gozefo, run by Zero Effort Technologies Pvt. Ltd, has raised about $6 million (INR 40 Cr) in a funding round led by Sequoia India. BEENEXT and existing investor Helion Ventures also participated in the round. The company aims to spend the funds raised on its plan to tap the value-conscious online customer.
Health Monitoring Startup Stasis Labs Raises $5M in Seed Financing
Stasis Labs, a cloud-powered health monitoring company, has raised $5M in a seed financing led by RTP-HC, the healthcare-focused investment arm of RTP Ventures, with participation from Wonder Ventures, Techstars Ventures, and others. Milena Adamian, MD, who previously founded LSAN & Azimuth Ventures, heads RTP-HC and will be joining the company’s Board of Directors.
In June, Stasis graduated from the Techstars Healthcare Accelerator, in Partnership with Cedars-Sinai. Stasis was recently endorsed by the International Finance Corporation, part of the World Bank Group, to improve and expand the reach of medical technology worldwide.
Mobile Social Gaming Company PlaySimple Gets $4M from SAIF Partners & IDG Ventures
SAIF Partners, the leading venture capital firm with over $4B under management, along with IDG Ventures have announced a Series A funding deal with PlaySimple, a mobile social gaming company. PlaySimple has secured $4 million from the venture capital firms and plans to infuse the fresh funds in expanding its team and developing new mobile titles that are targeted at global audiences across various casual gaming genres.
Active.ai Raises $3M from Kalaari Capital and IDG Ventures India
Active.ai, a Singapore based fintech startup, using artificial intelligence (AI) to deliver virtual assistant banking services, announced today that it has raised $3 million in funding from IDG Ventures India and Kalaari Capital.
This investment will support the rapid growth of Active.ai to continuously advance its cutting edge platform and to build out advanced AI features, enabling an increasing roster of clients to deliver a superior and engaging banking experience.
Logistics Startup ElasticRun Raises $2 Mn From Kalaari Capital And Norwest Venture Partners
Kalaari Capital and Norwest Venture Partners have invested $2 million (INR 13.7 Cr) in ElasticRun, a Pune-based stealth startup. The deal was closed in May this year. Post-investment, Raju Rajesh of Kalaari joined the Board of Directors of NTex Transportation Services Private Limited, the company that runs ElasticRun.
Infosys Invests $2M in UNSILO, a Danish Artificial Intelligence Startup
Infosys has invested about $2 million in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis. The company has made the investment from its Innovation Fund. UNSILO is Infosys Innovation Fund’s first investment in Europe, according to a stock exchange filing.
Ad-Tech Venture Tabverts Raises $500K in Seed Funding
Ad-tech venture Tabverts has raised $500,000 in seed round of funding led by Indus Ventures. Tabverts is an ad-tech venture which is creating an impact in the way we commute in cabs and also the way brands advertise currently.
Tabverts is placing 4G enabled high-end tablets behind the headrests of Uber Cabs and these tablets have some entertaining content streaming to engage the traveling passenger. On the business side, Tabverts has an online platform where any brand can come and select a pricing package from the multiple and affordable choices. Once somebody selects the package, they can upload their promotional content and pay for it online. This uploaded advertisement is received and flashes on the admin dashboard of Tabverts and henceforth the admin approves this advertisement and this advert gets broadcasted in these remotely moving tablets in a completely automated process.
Tpot Gets Pre Series A Funding to Fuel Continued Expansion
Tpot, a startup specialized in ‘Chai-Nashta’ segment has announced the closing of their Pre Series A Funding from Ashish Gupta,Founder & Trustee of Ashoka University and Ex-Co-founder & COO of Evalueserve and the principal investor at Tpot café.
With the infused funding, Tpot plans to expand its presence by opening 19 more outlets by the year end and 150-200 outlets in at least 4-5 cities by March 2018. Having created its niche in the corporate houses like MakeMyTrip, goibibo, BPTP Park Centra, World Trade Tower; Tpot further eyes expansion into this space.
Apart from these, below startups also raised undisclosed amount of funding.
Tech-based legal advice startup LawRato.com has raised an undisclosed amount in its Pre Series A round of funding led by Indian Angel Network (IAN).
Bengaluru-based brokerage-free real estate portal, NoBroker.com has raised an undisclosed amount of funding from Paytm founder Vijay Shekhar Sharma.
Data analytics firm Scienaptic Systems Inc. has received an undisclosed amount of funding from Genpact founder and former Nasscom chairman Pramod Bhasin.
Aermed, a full-service pharmacy and lab aggregator with a focus on chronic patients, has raised an undisclosed amount of seed funding in a round led by Hitesh Windlass, CEO of Windlas Healthcare.
Pictor Product Photography, a Mumbai-based product photography startup, has raised an undisclosed amount in investment from early-stage investor Quarizon Consultancy Services LLP.
WorkIndia, a job portal for blue-collar workers, has raised an undisclosed amount in investment from Japanese venture capital investor Asuka Holdings.
Fashion Etailer Koovs Raises $16M from Times of India Group and Others
Fashion store Koovs has raised $16 million from India’s largest media house, the Times of India Group, and other investors.
The firm said the fundraising is part of a three-year program to secure $43.3 million, planned since 2015. With the latest tranche the company has raised $38.4 million to date.
Marketplace for Luxury Brands vClusive Raises $6.3M in Funding
VClusive, an omni-channel marketplace for luxury brands, has raised its first external round of funding. The company raised Rs 42.6 crore ($6.3 million) in a round led by venture capital firm Hunch Ventures. The raised funding will be used for technology development. A part of the money will also go toward marketing and branding campaigns.
GoZefo Raises $6M in Funding from Sequoia India, Others
Bengaluru-based ecommerce portal for second-hand and factory seconds goods Gozefo, run by Zero Effort Technologies Pvt. Ltd, has raised about $6 million (INR 40 Cr) in a funding round led by Sequoia India. BEENEXT and existing investor Helion Ventures also participated in the round. The company aims to spend the funds raised on its plan to tap the value-conscious online customer.
Health Monitoring Startup Stasis Labs Raises $5M in Seed Financing
Stasis Labs, a cloud-powered health monitoring company, has raised $5M in a seed financing led by RTP-HC, the healthcare-focused investment arm of RTP Ventures, with participation from Wonder Ventures, Techstars Ventures, and others. Milena Adamian, MD, who previously founded LSAN & Azimuth Ventures, heads RTP-HC and will be joining the company’s Board of Directors.
In June, Stasis graduated from the Techstars Healthcare Accelerator, in Partnership with Cedars-Sinai. Stasis was recently endorsed by the International Finance Corporation, part of the World Bank Group, to improve and expand the reach of medical technology worldwide.
Mobile Social Gaming Company PlaySimple Gets $4M from SAIF Partners & IDG Ventures
SAIF Partners, the leading venture capital firm with over $4B under management, along with IDG Ventures have announced a Series A funding deal with PlaySimple, a mobile social gaming company. PlaySimple has secured $4 million from the venture capital firms and plans to infuse the fresh funds in expanding its team and developing new mobile titles that are targeted at global audiences across various casual gaming genres.
Active.ai Raises $3M from Kalaari Capital and IDG Ventures India
Active.ai, a Singapore based fintech startup, using artificial intelligence (AI) to deliver virtual assistant banking services, announced today that it has raised $3 million in funding from IDG Ventures India and Kalaari Capital.
This investment will support the rapid growth of Active.ai to continuously advance its cutting edge platform and to build out advanced AI features, enabling an increasing roster of clients to deliver a superior and engaging banking experience.
Logistics Startup ElasticRun Raises $2 Mn From Kalaari Capital And Norwest Venture Partners
Kalaari Capital and Norwest Venture Partners have invested $2 million (INR 13.7 Cr) in ElasticRun, a Pune-based stealth startup. The deal was closed in May this year. Post-investment, Raju Rajesh of Kalaari joined the Board of Directors of NTex Transportation Services Private Limited, the company that runs ElasticRun.
Infosys Invests $2M in UNSILO, a Danish Artificial Intelligence Startup
Infosys has invested about $2 million in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis. The company has made the investment from its Innovation Fund. UNSILO is Infosys Innovation Fund’s first investment in Europe, according to a stock exchange filing.
Ad-Tech Venture Tabverts Raises $500K in Seed Funding
Ad-tech venture Tabverts has raised $500,000 in seed round of funding led by Indus Ventures. Tabverts is an ad-tech venture which is creating an impact in the way we commute in cabs and also the way brands advertise currently.
Tabverts is placing 4G enabled high-end tablets behind the headrests of Uber Cabs and these tablets have some entertaining content streaming to engage the traveling passenger. On the business side, Tabverts has an online platform where any brand can come and select a pricing package from the multiple and affordable choices. Once somebody selects the package, they can upload their promotional content and pay for it online. This uploaded advertisement is received and flashes on the admin dashboard of Tabverts and henceforth the admin approves this advertisement and this advert gets broadcasted in these remotely moving tablets in a completely automated process.
Tpot Gets Pre Series A Funding to Fuel Continued Expansion
Tpot, a startup specialized in ‘Chai-Nashta’ segment has announced the closing of their Pre Series A Funding from Ashish Gupta,Founder & Trustee of Ashoka University and Ex-Co-founder & COO of Evalueserve and the principal investor at Tpot café.
With the infused funding, Tpot plans to expand its presence by opening 19 more outlets by the year end and 150-200 outlets in at least 4-5 cities by March 2018. Having created its niche in the corporate houses like MakeMyTrip, goibibo, BPTP Park Centra, World Trade Tower; Tpot further eyes expansion into this space.
Apart from these, below startups also raised undisclosed amount of funding.
Tech-based legal advice startup LawRato.com has raised an undisclosed amount in its Pre Series A round of funding led by Indian Angel Network (IAN).
Bengaluru-based brokerage-free real estate portal, NoBroker.com has raised an undisclosed amount of funding from Paytm founder Vijay Shekhar Sharma.
Data analytics firm Scienaptic Systems Inc. has received an undisclosed amount of funding from Genpact founder and former Nasscom chairman Pramod Bhasin.
Aermed, a full-service pharmacy and lab aggregator with a focus on chronic patients, has raised an undisclosed amount of seed funding in a round led by Hitesh Windlass, CEO of Windlas Healthcare.
Pictor Product Photography, a Mumbai-based product photography startup, has raised an undisclosed amount in investment from early-stage investor Quarizon Consultancy Services LLP.
WorkIndia, a job portal for blue-collar workers, has raised an undisclosed amount in investment from Japanese venture capital investor Asuka Holdings.
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