#FundingWire is your quick daily dose of notable investments made in the last 24 hours. Invested firms covered in this segment- Niki.ai, BHiVE Workspace, Parentlane, TaxiVaxi, Appie, SmartQ, Schoolwear.in and Fundamentor
Niki.ai Raises Investment from Ratan Tata & Unilazer Ventures
Bangalore-headquartered AI based app startup Niki.ai has raised an undisclosed amount of funding in a follow up seed round from Ratan N. Tata, Chairman Emeritus of Tata Sons, and existing investor Unilazer Ventures. The company leverages the technology of natural language processing and machine learning to converse with the customers over a chatbot and places their orders within seconds with the partner businesses.
It was founded in April 2015 by four IIT Kharagpur Alumni – Sachin Jaiswal, Keshav Prawasi, Nitin Babel and Shishir Modi. It offers bill payments, cab booking, recharge, food ordering, home services, cricket scores etc.
Bangalore Based Co-Working Space BHiVE Raises $1M
Bangalore based co-working space BHiVE Workspace has raised $1 million in a round led by Blume Ventures. The firm operates in 4 locations in the city and has close to 800 members. BHiVE was founded in November 2014 by Shesh Paplikar, Ravindra M.K and Monnappa Bayavanda.
The company had raised an undisclosed amount of money in angel round from Raghunandan G. (founder, TaxiForSure), Rajesh Rai (venture capitalist and co-founder, Venturesity), Arihant Patni (managing director, Hive Technologies), Sanjay Mirchandani (owner, Mirchandani Group), Arun Narayan (director, UK India Business Council) and others in February 2015. Read More
Social Network for Parents Parentlane Raises Angel Funding
Bengaluru based mobile social network for parents Parentlane has raised angel round led by ex-Flipkart executive Sujeet Kumar. The deal amount is undisclosed, the other investors who participated in the round include Aprameya Radhakrishna (founder of TaxiForSure), Sumit Jain (co-founder and CEO of CommonFloor.com), Subramanya Venkat (former managing partner at Bessemer Venture Partners and co-founder of Fisdom.com), Venk Krishnan (managing Partner at NuVentures), Ravi Machani (founder of IndiVillage LLP), Hitesh Gupta (founder of Vcbytes) and Rohit Choudhary (senior engineering manager at Hortonworks).
Founded in December 2015 by Vijay Anand and Neeraj Kumar Gupta, Parentlane, was incubated at Accel Partners’ startup incubating platform Startup Pad. Read More
Cab Aggregator TaxiVaxi Raises $500K In Seed Funding
Delhi based cab aggregator TaxiVaxi has raised $500,000 from a group of HNIs in seed round. The company operates in 300 cities across the country and has a user base of over 20 corporate clients.
O2O App Startup Appie Raises $1M in Bridge Round
Mumbai based offline retail discovery app Appie has raised $1 million in bridge round from a Mumbai-based angel investor and two European investors.
Founded in 2014 by Kartik Sanghavi, the app is a store & product discovery platform for consumers, aiming to enable brick and mortar stores. It has tied up with 1,200 retailers in Mumbai till date, and is operating in beta mode at present. Read More
Food Ordering App Startup SmartQ Raises $250,000
Food ordering app startup for foodcourts SmartQ has raised $250,000 led by Yournest, with participation from Vijay Jumani, former CEO of BabyOye.com. The app allows users to avoid long queues at food courts in corporate parks and malls by letting them order food from the restaurants in their vicinity.
Founded in December 2014 by Krishna Wage and Abhishek Ashok, it claims to clock over 1800 transactions daily with 50% month-on-month growth. Read More
eCommerce Platform for School Uniform & Essentials Schoolwear Raises Funds
Online marketplace for school uniforms and other supplies, Schoolwear, has raised an undisclosed amount of investment from promoters of print publication firm Navneet.
Schoolwear was founded in 2014 by Ketan Zaveri and Amit Zaveri. It claims to have sold uniforms to over 30,000 households in more than 20 schools in Mumbai, and plans to expand the categories offered on its portal. Read More
Edtech Startup Fundamentor Raises Seed Round
Bengaluru based Edtech startup Fundamentor has raised an undisclosed amount of seed funding from former venture capitalist Subramanya SV. The company is also in talks with Indian Angel Network (IAN) for additional funds.
It is a mobile and web based platform that helps students between ages of 8 and 15 years develop cognitive, quantitative, verbal and creative thinking skills through gamification. Fundamentor was founded in September 2014 by Ankur Vohra, Bhargavi AR, Amol Patkar and Amit Vashisht. Read More