Investments, News

Fundingwire: Zenify Bags $1M; HealthifyMe Bags $6M; Faircent Secures Investment &More

Rental Home Aggregator Zenify has Raised $1M in Pre-Series A 

Zenify, a home aggregator and rental management start-up based in Bengaluru, has raised Pre-Series A funding of $1million from High Networth Individuals (HNI), who have a minor stake in Zenify. The startup will use the raised funds to further expand their range of services in India and strengthen its team to compliment their capabilities.

The company had earlier raised Rs 4 crore in angel funding from Srikanth and Bharath from K12 Techno Service Pvt. Ltd & Atul Jalan, Founder & CEO of Mathan Software Service Pvt Ltd. Zenify, today has a total funding of Rs. 10 crore.

Sudarshan Purohit, Kailash Rathi and Ankur Agarwal, alumni of IIT- M, co-founded Zenify, which lists over 1700 properties available for rent across Bengaluru. The platform provides owners and tenants a hassle free system to find and rent an apartment. The company aims to standardise the market rental pricing by predicting the market value of each property listed on their portal.

Here’s iamwire’s review of the startup.

Mobile Health and Fitness Startup HealthifyMe Bags $6M in Series A Round of Funding

Mobile health and fitness startup HealthifyMe has raised $6 million in Series A funding led by IDG Ventures India, Inventus Capital and Blume Ventures.

The fresh round of funds will be used to further develop its digital coaching platform, strengthen advertising, marketing and product team. The company plans to hire 40 engineers, designers and product managers by the end of this year, reports ET.

Co-founded by Tushar Vashisht, Sachin Shenoy and Mathew Cherian in 2012, HealthifyMe is a Microsoft Ventures incubated startup. With 150 employees including 100 coaches, the company is currently present in Bangalore, Delhi, Mumbai and Chennai.

Here’s iamwire’s review of the startup.

P2P Lending Platform Faircent Raises Investment from JM Financial Ltd

Financial services firm JM Financial Ltd’s subsidiary, JM Financial Products Ltd, has bought a 9.84% stake in peer-to-peer (P2P) lending start-up Fairassets Technologies India Pvt. Ltd., which owns

JM Financial did not disclose the value of its investment in its statement to stock exchanges. The move comes just a month after the Reserve Bank of India (RBI) initiated steps to regulate the nascent and unregulated P2P lending sector in the country, reports VCCircle.

Gurgaon-based Faircent was founded in 2013 by Rajat Gandhi, Vinay Mathews and Nitin Gupta.

Here’s iamwire’s review of the startup.

Conversion Rate Optimization Solutions Provider Zarget Secures $1.5M as Seed Investment

Zarget, a Chennai-based SaaS startup, has raised $1.5 million in seed funding. Global venture capital firms Accel Partners and Matrix Partners and CEO of Freshdesk Girish Mathrubootham participated in the round along with some other investors, reports PeHub.

Founded in 2015 by three ex-Zoho employees Arvind Parthiban, Naveen Venkat, and Santhosh Kumar, Zarget provides A/B testing, funnel analysis and heatmaps. The first tool is to optimise beyond login pages and can be used for improving checkout pages and various SaaS website tools without any security vulnerabilities.

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