Investments, News

#FundingWire: Social Networking App Tantan Secures $32M; Dedrone Raises $10M & More

#FundingWire is your quick daily dose of notable investments. Invested firms covered in this segment- PurpleHealth, Tantan, & Dedrone

PurpleHealth Raises $100K from Katabole Technology Venture

Mumbai:, Health On Demand platform, has raised $100,000 in a round from Katabole Technology Venture.

Founded in 2014, is a 360-degree health and wellness platform that delivers solutions, services and products to consumers, corporates, healthcare providers and institutions. The platform enables consumers to take active control of their health by providing a one-stop seamless interface to choose the right medical practitioners, schedule appointments, set up video & audio chats with doctors and much more, thus helping them better manage their health and wellness interactions.

Chinese Social Networking App Tantan Secures $32M

Beijing: Chinese social networking app Tantan has raised $32 million in Series C round of funding led by DST Global, Vision Plus Capital and LB Investment.

Launched in 2014, Tantan claims to have daily active users of over 2.5 million, of which 80% are young users under 30 years old.

Its products are differentiated by how strangers connect to each other. Each user is required to upload profile pictures. Only when two people like each other can they start chatting.

The mobile app also protects female users by screening certain key words. Tantan previously raised series A round from Bertelsmann Asia Investments and Vision Plus Capital. Read More

Drone Detection Startup Raises $10M From Menlo Ventures

San Francisco: Drone detection system, Dedrone, has raised $10 million in Series A round of funding led by Menlo Ventures, one of the world’s premier venture capital firms investing in consumer and enterprise. The funds will further be deployed to accelerate the advancement and sophistication of its drone detection technology and to expand its sales and marketing teams. According to research firm Markets & Markets, the anti-drone market is growing at a CAGR of 24% and will be worth $1.14 billion by the year 2022.  “Any institution with an elevated need for security must now protect its airspace against intrusion from drones, and Dedrone passes that control back to our customers,” said Dedrone CEO and Co-Founder Joerg Lamprecht. Read More

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