#FundingWire is your quick daily dose of notable investments made in the technology space. The firms covered in this segment include Little Black Book, Consure Medical and mChamp
IDG Ventures and Indian Angel Network Back Little Black Book
Delhi-based Little Black Book (LBB), an online city and lifestyle guide, has raised raised $1.2 million from IDG Ventures India and Indian Angel Network. Founded in 2012 by Suchita Salwan and Dhruv Mathur, Little Black Book gives curated cultural and lifestyle guide to places in Delhi, Gurgaon and Bangalore. It covers a wide spectrum of interests from consumers that includes food, events, travel, adventure, lifestyle and shopping, among others.
The platform claims to have 600,000 monthly users via their website, and plans to reach out to over 1million users every month. Read more.
Healthcare Startup Consure Medical Raises Investment from Accel Partners, IAN and Others
Healthcare startup Consure Medical has raised a round of investment led by venture capital firm Accel Partners with participation from earlier investors – Indian Angel Network, India Innovation Fund and India Venture Partners. The financial details of the funding have not been disclosed.
Founded in 2012 by Nishith Chasmawala and Amit Sharma, San Francisco and Delhi-based Consure Medical is a medical device company focused on developing medical devices for the management of critical care and long-term care patients. Read more.
Foxconn Backed MoMagic Invests in mChamp Entertainments
MoMagic Technologies Pvt Ltd has invested around $745K in Delhi-based mChamp Entertainments, which conducts celebrity-related and entertainment-driven contests on its app, in a seed round.
Noida-based MoMagic which is run by run by Data Magic India Pvt Ltd, offers technology-backed and analytics-driven marketing solutions to enterprises, startups and eCommerce players. The company was founded in 2011, and operates in India and five Southeast Asia countries. Read more.Category Investments News