Investments, News

Fundingwire: Gapoon Bags Angel Fund; BEENEXT Backs WorkIndia; AdTech Firm ProximiT Secures Fund & More

Home Services Provider Gapoon Bags Angel Fund

Bangalore-based home services start-up Gapoon Online Consumer Services Pvt. Ltd has raised Rs.1.2 crore in angel funding. The company was founded in 2015, and had earlier raised an undisclosed amount in angel funding in July.

It operates an on-demand as well as subscription-based model for services such as home cleaning, electricians, appliance maintenance, plumbing, pest control and carpentry.

The startup will utilize the funds to concentrate on growing its subscription-based services, which offer the firm a steady revenue and reduce customer-acquisition costs.

Jobs Marketplace WorkIndia Raises Fund from BEENEXT

WorkIndia, a marketplace that enables blue and grey collar employees find a job based on their skills, has raised an undisclosed amount of funding from BEENEXT, a Singapore-based early stage technology fund.

Incepted in 2015, WorkIndia aims to organize the blue /grey collar sector in a way that employers can connect to the right employees, and that every employee can get a suitable job.

“WorkIndia makes it possible for the potential employees to get all the information with just a few clicks on our Android geo-positioning mobile app, while our operation team makes sure that due diligence is followed in the screening process so that the employers get better quality candidates who actually meet their requirements,” said the startup.

Ad Tech Company ProximiT Media Raises $150K Through Crowd1

Advertising-technology startup Proximit Media India Pvt Ltd has raised $150,000 (Rs 1 crore) in early-stage funding through crowdfunding platform 1Crowd. A total of 20 investors as well as 1Crowd put money in the Pune-based startup.

The Pune-based startup has installed tablets in auto- rickshaws in that city and has created an innovative platform that provides a differentiated brand-customer engagement experience.

The freshly raised capital will be used to expand its footprint in Pune and establish presence in other cities including Mumbai.

The company was founded in 2014 by Abhay Bora, Yash Muthu and Kamlesh Sancheti. It launched its ProximiT advertising platform in May 2015.

IFMR Holdings Secures Rs 12.5 crore in Funding from Proparco

IFMR Holdings, a Chennai-based firm aimed at financial inclusion for the marginalized, has raised Rs 12.5 crore in funding from French development firm Proparco.

The company plans to use the funds from Proparco, the private sector financing arm of Agence France Development (AFD), for its expansion plans, supporting its downstream companies and increasing its range of financial productions, reports TOI.

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