FundingWire: Mobikon, Curofy, Schoolguru, Scandid, ZuperMeal and Cube26

Mobikon Raises New Round of Growth Funding from Life.SREDA & Qualgro

Mobikon has raised undisclosed growth funding from Life.SREDA and Qualgro - Image Source

Mobikon has raised undisclosed growth funding from Life.SREDA and Qualgro – Image Source – Facebook

Mobikon is a customer engagement and marketing platform for restaurants that was founded by Samir Khadepaun and Salil Khamkar, has raised undisclosed growth funding from Life.SREDA and Qualgro.

The company will use the funds to expand in South East Asia. It plans to use the capital to fuel the growth of the company across international markets, open office in Jakarta and conduct strategic hiring across UAE. Mobikon had earlier raised funding from Jungle Ventures, Spring Singapore and Lion Rock.

The new funds will also help Mobikon invest in creating new tech infrastructure and provide restaurants with better products and faster upgrades. It is soon planning to launch a new platform focused on restaurant social engagement.

Mobikon has been on an expansion spree in recent months. It raised funds from Jungle Ventures in July this year and acquired Triibe, a Singapore based customer engagement platform for restaurants in August 2015. Post the Triibe acquisition two months ago, Mobikon’s revenues from international markets jumped from 40% to 55% and is expected to reach 65% by the end of this financial year. The company is targeting 200% growth this year.

The Mobikon platform currently powers 65,000+ reviews every month, over 130,000 new diners are added month on month and the platform engages 6,00,000+ diners every month. Some of the leading customers include; Copper Chimney, Pind Baluchi, Little Italy and Pizza Express in India and Swensens, Red Crab Group and Select Group, internationally.

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Mobikon was chosen amongst 8 tech start-ups under LifeSREDA’s Accelerator Programme in July this year. This funding is a part of the Accelerator programme.

Doctor Networking App Curofy Raises pre-Series A Funding from RoundGlass

 Gurgaon-based doctors networking app Curofy, has raised an undisclosed amount of funding in pre-Series A round from US-based venture capital firm RoundGlass Partners. The company will use the money for product development, marketing and hiring resources.
“Over the last few months, we have monitored and tracked data patterns from daily activities of our users. We will use this data to further personalise our app and offer improved experience to our customers,” Nipun Goyal, co-founder of Curofy told VCCircle.
Launched in February 2015, Curofy is an app-only platform that allows doctors to interact and collaborate on cases. Currently, it claims to have about 10,000 registered doctors on its platform and caters to doctors from over 70 cities.The startup also secured angel funding of $160,000 from India Quotient, Spice Labs and a bunch of angel investors.
eLearning Service Provider Schoolguru Raises $3M in Series A Funding Led by HNIs

Schoolguru has raised around $3 million in Series A funding from a few HNI Investors in India and USA Image Source

Schoolguru has raised around $3 million in Series A funding from a few HNI Investors in India and USA Image Source

Schoolguru, an Indian academic and technology services organisation, that helps universities to launch, run and manage ICT enabled online programs on its managed platform, has raised around $3 million in Series A funding from a few HNI Investors in India and USA. Kunal Kumthekar and Ravi Saxena, Directors, Cipher-Plexus Capital Advisors Pvt Ltd were the exclusive advisors to the transaction.

The funds raised will be invested in the enhancement of the technology platform to provide an improved learning experience to students. The company also plans to enhance the content library to make it more enriching for students. Schoolguru’s content library, amongst other type of content, consists of a number of video lectures created with the help of 1500 professors and academicians of India and abroad.

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Schoolguru was started in 2012 by Shantanu Rooj, Ravi Rangan and Anil Bhat to help universities offer e-learning services to their students. It currently services 12 Indian government universities and helps them manage their online course delivery platforms.

Micromax Invests in Price and Savings Discovery Platform Scandid

Micromax has announced a strategic investment in Scandid, a product and savings discovery platform Image Source

Micromax has announced a strategic investment in Scandid, a product and savings discovery platform Image Source

Micromax Informatics Limited, Indian smartphone brand has announced a strategic investment in Scandid, a product and savings discovery platform. The Scandid app helps customers compare prices and discover discounts across e-commerce and local retailers, helping them make informed choices.

The Scandid investment further reinforces Micromax’s foray into application services and building an integrated mobile ecosystem, Micromax co-founder, Rahul Sharma said.

Scandid is a free mobile shopping discovery and price comparison app, which compares prices across 10 million products from 200 online merchants. Users can discover discounts across Flipkart, Snapdeal, Amazon and hundreds of other ecommerce stores. It also provides information from local neighbourhood retailers.

ZuperMeal Raises $2M from Sanjeev Kapoor and Others

ZuperMeal has raised $2 million from Sanjeev Kapoor of Khana Khazana and Others - Image Source

ZuperMeal has raised $2 million from Sanjeev Kapoor of Khana Khazana and Others – Image Source

ZuperMeal, a mobile based food aggregator that provides authentic home-cooked meals, has raised $2 million from Sanjeev Kapoor of Khana Khazana, Ravi Saxena, cofounder of kitchen appliance maker Wonderchef along with two foreign partners.

The startup launched operations at Powai in Mumbai two months ago, ZuperMeal will use the funds to scale up operations in the country. The startup plans to reach 500 towns with 60,000 housewives and achieve a sales volume of Rs 4,500 crore by 2020. Currently, the startup has 150 homemakers registered on the platform and 20 of them are already active.

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“Through this strategic investment, ZuperMeal has the opportunity to leverage the strong network of 35,000 women entrepreneurs of Wonderchef and scale-up quickly across the country,” said Saxena of Wonderchef.

IT Firm Cube26 Raises Funds from Tiger Global

Cube26 has raised an undisclosed amount of funding from Tiger Global - Image Source

Cube26 has raised an undisclosed amount of funding from Tiger Global – Image Source

Indian technology firm Cube26 that develops technologies to allow mobile devices and TV’s to recognise users, interpret human gestures and understand their emotions, has raised funding from Tiger Global. The new funding will be used to develop new technologies and hire new talent in over next few months.

“We will deploy funds in hiring talent. We are looking at setting up an office in Bangalore. In the next 3-4 months, we should be able to double our headcount,” Cube26 CEO and co-founder Saurav Kumar told PTI.

The company has deployed its software on more than five million devices and is currently working with companies like Flipkart, Myntra, Zo Rooms, Panasonic, Fujitsu and Quikr.

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