Kulzy Raises Over $1M from Seedfund and Bedrock Ventures
Noida-based a networking website for the advertising and marketing community, Kulzy.com has raised over $1 million from Seedfund and Bedrock Ventures. The startup has also raised an additional funding of more than $300,000 from media and advertising industry professionals including Bobby Pawar, managing director and chief creative officer, Publicis South Asia; MG Parameshwaran, executive director, FCB Ulka; Rahul Kansal, executive president, brand function, Bennett, Coleman & Company; Sonal Dabral, chairman and chief creative officer, DDB Mudra Group; and film-maker Abhinay Deo.
Launched in October 2014, Kulzy currently focuses on the Indian advertising and marketing community but soon plans to expand its presence to international markets such as Singapore, Hong Kong and later Malaysia. It claims to have crowd sourced over 54,000 pieces of creative work with almost 30,000 registrations from 6,500 communication agencies across the country.
Zeppery Raises $77K in Angel Round from Angel Investor Suyash Sharma
Zeppery, an app that allow users to pre-order food at restaurants and other food outlets, has raised $77,000 in an angel round of funding from doctor cum angel investor Suyash Sharma. The app is developed by Delhi-based startup Inweone Technologies Pvt Ltd.
The company will use the raised funding for marketing the app and acquiring B2B clients, essentially restaurants and food courts in Delhi-NCR. It is going to launch its operations by next week.
The firm is in an advanced stage of talks with a few Bangalore-based VC firms to raise around $460,000 in seed funding. “We hope to raise it in the next two months,” Utkarsh Srivastava, co-founder of the firm told VCCircle. The other players which also operating in same space are Delhi-based Tap&Eat and Snacket.
Greencart in Talks With Jain Irrigation to Sell Out its Business
Mumbai-based Greencart.in, an eCommerce venture for fresh produce and gourmet food, is in talks with a number of peer group startups for potential merger while also negotiating with a firm, Jain Irrigation for a potential sell-out, three sources familiar with the development told VCCircle.
The firm has stopped taking orders on its website, has left a message on its website that, “we are undergoing logistics and system upgradation to better your experience. Owing to this, our deliveries are suspended for a few weeks. We would get back to you to take your order the moment deliveries are resumed.”
Greencart went live in the year 2013 with the objective to offer a wide range of fresh produce, grocery and more. From fresh fruits and vegetables to dairy and from gourmet to staples, the company provide customers with products under the name GC. Earlier this week grocery eCommerce startup LocalBanya had also shut down its operations.Category Investments News