FundingWire: Aahaa ($1M, Pre-Series A), Civilsdaily (Seed), Tinystep (Angel)

Aahaa Stores Raises Pre-Series A Funding led by YourNest

ChennaiAahaa Stores, an end-to-end online office supplies superstore specializing in indirect purchases announced that it has raised pre-series A funding round of about $1 million from a group of investors led by Gurgaon-based YourNest Angel Fund. The fresh infusion of funds will fuel aahaa’s market expansion, help enhance its technology and infrastructure and attract talent.

Launched in 2013, Aahaa is addressing an opportunity of Rs 14,400 crore, the estimated spend by companies on indirect materials. The company already has over 50 customers across manufacturing, technology and banking verticals including Wipro, TCS, Ashok Leyland, Michelin, Titan, Karur Vysya Bank and Cholamandalam Finance. It boasts of a 95% reduction in the lifecycle of ‘indirect’ material purchases of a company. The company is headquartered in Chennai with offices and warehouses in Chennai, Bangalore, Pune and Gurgaon.

Edtech startup Civilsdaily Raises Seed Funding

Delhi: Adtech startup Civilsdaily that was founded in 2015 by Shikhar Sachan and Rohit Pande, has raised seed funding led by Malgharia Advisors’ Co-founder Manoj Kumar along with a few HNIs. As per VCCircle report, the raised funding will be used for team expansion and product development, besides exploring upcoming sectors of news consumption.

The startup aggregates news relevant for civil services aspirants and now focuses to develop a universal app around the political and social narratives of Indian news and engage people in it.

Parenting Social Network Tinystep Raises Funding from Silicon Valley entrepreneur and investor Matt Glickman

Bangalore: Parenting social network, Tinystep has raised funding from Silicon Valley entrepreneur and investor Matt Glickman. The raised funding will be used by the company for product development and strengthening the team.

Founded in September 2015, the company provides a parenting community to connect parents with doctors, child service providers, and other parents globally. Tinystep’s community and health features on the Android app provide all the guidance user need during the process of family planning, pregnancy, welcoming their baby to finally being a parent.

In January 2016, Tinystep raised an undisclosed amount of funding from Flipkart.

migme Raises $6.99M with New Strategic Shareholder Meitu 

Singapore: Global digital media company migme has announced the signing of a Memorandum of Understanding (MOU) with new strategic partner Meitu Investment Limited (Meitu), and raising $6.99 million for the Company. The MOU is to explore joint marketing and product development opportunities.

migme is a global digital media company focused on emerging markets. Social entertainment services are delivered through mobile apps migme and LoveByte, artist management website alivenotdead, social news website Hipwee and ecommerce services through Sold. The Company is headquartered in Singapore with offices in Malaysia, Indonesia, Taiwan and Hong Kong.

Founded in 2008, Meitu is a photo and video mobile app. It has developed a portfolio of photo-editing and selfie apps such as MeituPic, BeautyCam, BeautyPlus, MakeupPlus and SelfieCity that enable users to create beautiful images. The company is headquartered in Xiamen, Fujian Province and has offices in Beijing, Shenzhen, San Francisco, Los Angeles and Hong Kong.

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