Fundingwire: AI-enabled Startup Raises $1M, Actor Anil Kapoor Invests in Video Social Network & More

AI-enabled Startup MagicX Raises $1M

Bangalore: MagicX, chat enabled Artificial Intelligence platform, has raised $1 million in a round from Kris Gopalakrishnan, Dr. Ranjan Pai, Ramaraj, Hari Kumar, and Aarti Grover. The raised funds will be used for team expansion, marketing initiatives, addition of more service categories, and technology upgradation.

Founded by Pratyush Prasanna, and Arun Kumar in May 2015, MagicX is a chat enabled AI platform, which aims to personally assist users with everyday tasks.

Aniruddha Malpani Invests in RainCan

Pune: RainCan, grocery delivery startup, has raised additional funding of $150,000 in Angel round led by Aniruddha Malpani. These are the additional funds added to the angel round which happened last year in August, in which the company had raised $2 million. The company will use funds to gain traction and set up a logistics platform from farm/factory to door-step delivery in order to ensure quality.

Founded by Munendra Singh and Abhijeet Kumar in June 2015, this Pune-based startup is a subscription-based service provider dealing in dairy, meat, bakery, fruits, and vegetables largely.

South California-based Video Social Network Secures Funds From Anil Kapoor

Mumbai: Actor Anil Kapoor has invested an undisclosed amount of funds in South California-based video social network The company was started by Neel Grover and Greg Giraudi. The startup was officially launched across US in 2013 and is now planning enter India by the end of this month. is an online talent discovery platform that rewards performers and video creators with cash prizes, based on votes from viewers and guest judges. It allows individuals and companies to create and monetise content by sharing videos.

Fleet Raises $4M in a Round led by Hunt Technology Ventures

San Francisco: Logistics provider price comparison platform, Fleet, has raised $4 million in seed round led by Hunt Technology Ventures. The round also saw participation from Placid Ventures, David S. Hunt, 1517 Fund, Latam Partners, GrowthX Fund, NFQ, and Telegraph Hill Capital.

Founded by Max Lock, he added, “I think we are pretty well differentiated now by taking the marketplace approach and using the existing logistics infrastructure that our network of freight forwarders has built. We will continue to differentiate ourselves by focusing on the needs of SMBs because they have historically been under-serviced by traditional freight forwarders.”

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