InTouchApp Raises Funds From Blume Ventures
Mumbai: InTouchApp, contact management application, has raised an undisclosed amount of funding from Blume Ventures. Founded by Sarang Lakare, InTouchApp Contacts is a simple contact manager.
“The Blume team has known and tracked Sarang and InTouch for a while now. We’ve personally been obsessed about finding or supporting a team that saw the problem that we do. And while Sarang had already built a robust product, the next phase is extremely exciting for us – where it moves from utility to a private social network in small organisations and teams. The ability to share and add relevant network seamlessly in a mobile centric era is what InTouch will solve,” said Karthik Reddy, Managing Partner at Blume Ventures.
Bangalore Based Coffee Portal DropKaffe Secures $550k
Bangalore: DropKaffe, online coffee portal, has raised $550,000 in a round led by Kanwaljit Singh of Fireside Ventures. The round also saw participation from Srini Anumolu & Meena Ganesh of GrowthStory, Apurva Salarpuria (Salarpuria Group), Sidharth Pansari (Primac), Rahul Gidwani, Hitesh Oberoi (Naukri CEO), Nirupa Shankar (Brigade Group), Bhupen Shah and others.
Founded by Rakshit Kejriwal, Lakshmi Dasaka and Chaitanya Chitta in 2015, DropKaffe, delivers freshly prepared coffee with daily changing menu and various snacks to go with coffee like burgers, bakes and non-caffeine beverages.
IDFC Spice Fund and Micromax Informatics Invests in TranServ
Mumbai: TranServ, company digitizing payments, has raised $15 million in Series C round led by IDFC Spice Fund and Micromax Informatics. The round also saw participation from existing investors Nirvana and Faering Capital India.
Micromax, one of India’s largest smartphone makers by market share, is also one of the startup’s strategic partners. The two companies recently signed a deal with Visa to offer mobile payment services, including NFC-based contactless payments, on Micromax devices.
AdTech Startup Unlockd Raises $12M in Series A
New York: Unlockd, ad-tech startup, has raised $12 million in Series A round of funding. As the name suggests, the ads appear after the user has unlocked the phone. These ads gets user discount on their phone bill.
CEO and co-founder Matt Berriman said that when an ad is only shown on the lockscreen, “You can’t guarantee [the consumer has] seen it.” On the other hand, by popping up an ad at the moment that you want to use your phone, Berriman also said that maintaining the “consumer experiment is paramount, if an ad or offer doesn’t interest you, you can just flick it away.”
Fashion Social Network Roposo Raises $5M From Bertelsmann India Investments
Roposo, fashion social network, has raised funds worth $5 million from Bertelsmann India Investments (BII), the strategic investment arm of the international media, services and education group. With this, Bertelsmann has closed the second leg of Series B round. Roposo declared the first leg of Series B in August last year with Tiger Global.
Speaking on the fresh round of funds, Roposo, co-founder, Avinash Saxena said, “Bertelsmann has a proven experience in content, social and commerce. They’ve been early investors in several successful companies across the globe including emerging markets like India, China and Brazil. When we met their team, they had a unique perspective on how they could help Roposo scale. We liked their approach aand are certain that their expertise will help our social network unlock many more opportunities in the days ahead.”Category Investments