Other deals of the week :-
Rentomojo, an online furniture and appliances rental startup has raised around Rs 22.43 crore from existing investors, Shri Investment, Pratithi Investment Trust and Gautam Dalmia. In its six years of operations, Rentomojo has raised over $35 million from the likes of Accel, Chiratae Ventures, and Bain Capital. The Geetansh Damania-led firm had recently touched the $100 million valuation mark.
The online beauty marketplace
Nykaa is raising Rs 19.6 crore ($2.6 million approx) from Hero Group’s Sunil Kant Munjal. Nykaa will be issuing 32,350 equity shares to the Hero Group promoter at a price of Rs 6,050 per share.
Online gaming startup
Pocket52 has raised $1.75 million, as part of its Series A funding, from game publisher Gameskraft. Pocket52 will use the funds to enhance its technology framework, expand user base, and scale business operations as it looks to add more clients. Pocket52 is an online poker playing platform which also helps other online gaming firms integrate with its plug and play and launch online poker gaming as an offering on their respective platforms.
Blacksoil Capital has invested Rs 10 crore in
LetsTransport, a marketplace for fulfilling intracity last-mile deliveries. Founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher, LetsTransport offers last-mile, techno-logistics solutions for intracity deliveries. LetsTransport provides urban logistics solutions to enterprises by offering tech-enabled intra-regional transportation services.
QuaQua, a Hyderabad-based immersive travel platform, has secured a funding of $1 million from Anthill Ventures and other existing investors. Founded in 2016 by Purav Shah and Sandesh Reddy, QuaQua will use the funds raised to enhance its user experience and build an end-to-end AI and content-driven travel platform.
Farm-to-retail agritech startup,
Crofarm, said it has raised $1 million in a funding round led by Smile Group, and entered the business-to-business-to-consumer (b2b2c) space with the launch of Otipy, a community-based platform that connects consumers, resellers and farmers. Earlier last year, the startup had received $500,000 from a clutch of HNIs including Vinay Mittal, former Chief of Strategy at HT Media, Ramit Sethi from Strongbox Ventures, and others.
Cube Wealth, a digital wealth management service for busy professionals, has raised $5,00,000 (Rs 3.7 crore) in funding from two of its existing investors. Existing investors who participated in the funding round include Singapore-based venture fund Beenext and Japan-based Asuka Holding. The Mumbai-based fintech startup, led by online payments firm Citrus Pay co-founder Satyen Kothari, will use the funds for expanding the engineering team and in growth marketing.
Hipla Technologies Pte Ltd, which offers SaaS-based office automation solutions, has raised Rs 2.6 crore ($344,000) in funding from a clutch of wealthy individuals from India and Singapore. Investors who participated in this round include Mousumi Ghosh, the founder-director of Kolkata-based Future Medical and Research Trust and Ang Hiap Chee, a Singapore-based early-stage investor in logistics companies.
Online road transport marketplace
Vahak has raised an undisclosed funding amount in its seed round led by Leo Capital and other angel investors. Angel investors, include Founder of Yulu Bikes, Amit Gupta; Founder of Tracxn, Abhishek Goyal; Founder of LivSpace, Ramakant Sharma; Founder of OkCredit Harsh Pokhrana; and angel investor and former partner at Unicorn India Ventures, Archana Priyadarshini also participated in the round. The startup aims to use the seed funding to strengthen its team and technological capabilities.
Bengaluru-based packaged food brand for children,
Timios has raised Pre-Series A round of funding from Mysuru-based Rangsons Technologies along with participation from Paipal Ventures. The funds will be utilised by Timios towards product development, strengthening the existing distribution network, and enhancing the technology platform.
DSG Consumer Partners has invested an undisclosed amount in pre-Series A round of funding in
Axys Nutrition Products Pvt Ltd, a Mumbai-based nutraceutical company developing evidence-based nutrition and nutraceutical products, under the brand name Nutrova. Founded by Akshay Pai in 2013, Nutrova develops research-driven products that provide measurable outcomes for various health goals.
Delhi-based SaaS startup
Knorish has raised $3,23,000 as part of its Pre Series A funding round, as a follow up to the seed round raised in December last year from
100X.VC. The current round also saw participation from the Standard Greases Family group and Uday Sodhi, ex-Business Head of Sony Liv. Founded by Kinner N Sacchdev and Rakhi Wadhwa, Knorish is an all-in-one knowledge commerce SaaS platform that enables individuals such as artists, trainers, coaches, professionals, consultants, experts, and institutions to build and launch their entire online business.
India’s first-of-its-kind debt resolution platform
Credgenics, a debt resolution platform startup which leverages artificial intelligence with data science, has raised a seed round of funding led by Titan Capital — a fund backed by SnapDeal Founders Kunal Bahl and Rohit Bansal. The startup will utilise the funds to scale its operations in all metro cities of India, streamline and strengthen its R&D on the product development, and to acquire new clients.
