Last updated on November 27th, 2016 at 05:17 pm
Consumer Internet Industry
1) Process9 founded by Rakesh Kapoor, Vidushi Kapoor and Devendra Joshi: Gurgaon-based Process Nine Technologies Pvt Ltd, which offers online translation and transliteration from English to Indian languages via a cloud-based application programming interface (API), has raised an undisclosed amount in a pre-Series A round of funding. The funding will be used towards the product and technology enhancement. And the plan for the startup is to raise Series A funding in next six months.
2) Hungama founded by Neeraj Roy: India’s top music and video streamer Hungama has raised $25 million in a fresh round of funding led by Chinese smartphone maker Xiaomi Corp. Existing investors Intel Capital, Bessemer Venture Partners and Indian billionaire Rakesh Jhunjhunwala also participated in the round. Hungama will expand its content library including adding 1,500 hours of television content, and venture into original programming.
3) Highway Delight founded by Rajesh G: Bengaluru-based highway tech startup, Highway delite has raised an undisclosed amount of pre-seed funding. The round was led by N.S. Raghavan Centre for Entrepreneurial Learning, the incubation unit of IIM Bangalore. Highway delight is a year old, and it aims to cover about 2.25 lakh kms. The mobile platform provides real time location specific information about restaurants, washrooms, lodges, fuel stations, emergency numbers, medical assistance, automobile service centers, ATM’s and other necessary services on Indian highways. The app has currently covered about 3000+ kms of highways with 1000+ verified outlets information.
4) Servify founded by Sreevathsa Prabhakar: Tech startup Servify, which offers brand-authorized after sales support services for electronic gadgets, has raised an undisclosed amount of money in pre-Series A funding from Blume Ventures and two German firms. The funds raised will be used for product development and marketing. The firm, which was founded in 2015, claims to have 600 partners on its platform and close to 1, 00,000 customers.
5) Gear6 founded by Rakesh Vaddadi, Harrsha Chaittanya, Kumud Kumar, and Srikanth Nelakuditi: Bengaluru-based Gear6.in, an online bike service platform has reportedly raised $500K in a seed round funding from Ninestarter, an early-stage seed investment company. Founded in 2016 by Bits Pilani alumni, the startup completes 500+ transactions a month.
6) MyGlamm founded by Darpan Sanghvi: On-demand beauty services provider MyGlamm has raised $6 million in a funding round led by French cosmetics maker L’Occitane, with participation from existing investors Tano Capital and Times Group-led Brand Capital. Founded in 2015, the startup currently provides home beauty services in Mumbai and Pune, and offers apps for Android and iOS users, and plans to expand to its services to Bengaluru, NCR, Hyderabad, Chennai, Jaipur, Indore, and Ahmedabad this year.
7) Petoo founded by Kumar Setu, Ritesh Dwivedi and Abhishek Mandal: Bengaluru-based Axilor Ventures has invested $1 million in food-tech startup Petoo. Operational since 2015, the startup operates in 20 locations in Bengaluru, and serves lunch, snacks and dinner with a menu centered around Indian cuisine. The funding will be used to develop back-end operations, speed up food research, and add to the manpower resources.
8) TrulySocial founded by Salone Sehgal: Indian mobile game development and publishing company Nazara Games said that it had made an undisclosed investment in TrulySocial, a London-based mobile games studio. TrulySocial will build contemporary social world games for mobiles and tablets across the globe by the end of this year, which will be a story driven and lifestyle themed, designed specifically for women on mobile platforms.
9) Vahan founded by Madhav Krishna: Social enterprise incubator Villgro Innovations Foundation has invested an undisclosed sum in education startup Vahan, which is working to improve English speaking for adults from low-income backgrounds so that they can target better employment. The startup is working on an application designed to work on basic, feature phones as well as smartphones.
10) Imedilane founded by Shakti Anand: This Healthcare startup has raised $40K in a funding round from angel investors – Mahendra Patel and Nilender Chauhan. Imedilane currently has a team of over 120 doctors based out of Delhi and has reach out to more than 8,000 user in last few weeks.
11) Cult Fitness founded by Rishabh Telang and Deepak Poduval: This Bangalore based fitness startup which offers a “machine-free” fitness regime, has received an undisclosed amount of funding from Mukesh Bansal, founder of Mytra.com and former head of commerce at Flipkart. With the fresh capital coming to the company, it is now planning to expand its reach and further expand its business beyond Bangalore.
12) Haptik founded by Aakrit Vaish: Mumbai and San Francisco-based personal assistant app Haptik has raised an undisclosed sum in Series B funding from Times Internet. The money will be used for product development and to improve artificial intelligence capabilities and business operations. Haptik had received $1 million in seed funding from Kalaari Capital in September 2014.
13) Shipsy founded by Soham Chokshi, Dhruv Agrawal, Maharshi Devraj and Himanshu Gupta: Logistics major DTDC Express has picked up a 20 percent stake in Gurgaon-based Llama Logisol, which operates logistics solutions provider Shipsy, for over $1 million. Founded in June 2015 by IIT graduates, Shipsy had received angel funding from Dheeraj Jain, the managing partner of Redcliffe Capital.
Food and Beverage Industry
14) RollMafia founded by Vishal Sahay and Varun Sahay: Quick service restaurant (QSR) chain Roll Mafia, has raised Rs 1 crore ($151,000) in seed funding led by Singapore-based Equentia Natural Resources, a diversified trading and resource company. The funding was led by Nirav Choksi and Rajiv Ramnarayan, co-founders and directors of the Singapore firm and others. The money will be used by the company for expanding its operations to six other cities.