Investments, News

#Fundingwire: Koovs Raises £3.3M From HTMedia & Others; 6Degree Raises $200K From IAN & More


#Fundingwire is your quick daily dose of notable investments made in the technology space. The firms covered in this segment include Koovs, HT Media, 6Degree, StoreKing, IAN, Axiata Digital, Cookifi, Shopwati, ExtraEdge, SRKKK, Freshee and Edelweiss Private Equity

Koovs Raises £3.3M From HT Media, Dragon Asia

UK-based online fashion player Koovs has confirmed that it has received a £3.3M strategic investment from HT Media and Dragon Asia Holdings to fund its marketing and brand building activities in India. Koovs has issued 1.2 crore new ordinary shares at a price of 25 pence per ordinary share to HT Media translating to 8.2% stake in the enlarged issued share capital of the fashion portal. Read More

6Degree Raised $200K From Indian Angel Network 

The Indian Angel Network has invested secured $200K in tech-enabled fashion startup 6Degree, which is operated by Protinus Fashion Networking Pvt Ltd. 6degree is planning to allocate the funds to enhance our technology and expand our reach. The funds will also be deployed in expanding our bespoke fashion services and launching first-of-its kind enterprise solutions for Fashion.

6Degree was started in 2014 by Nikhil Hegde, who is CEO, and Bhardwaj. Through its tech platform, it brings together fashion designers, bloggers, brands, models and photographers. Read More

Storeking Raises $16M from Malaysia’s Axiata Digital

StoreKing has created a platform that solves the fundamental constraints in ours markets with last mile logistics and payments. Axiata Group Berhad, has invested $16 million in Bengaluru-based StoreKing, an assisted rural commerce startup run by LocalCube Commerce Pvt Ltd. Read More

Cookifi Raises Seed Funding from Angel Investors

Chef and cook hiring platform Cookifi has raised seed funding of an undisclosed amount from Kunal Shah, Chairman of FreeCharge, and Aneesh Reddy Co-Founder and CEO of Capillary Technologies. The company, which currently operates in Bengaluru, plans to use the funding to expand its operations in other cities and extend its technology solution for a better user experience.

Shopwati Raises Seed Funding From SRKKK Advisors

Shopwati helps its users find clothes and accessories with the help of community members who include vendors, bloggers, private labels, designers and stylists. Shopwat ihas raised an undisclosed amount in seed funding from boutique investment company SRKK Advisors. Read More

Edtech Startup ExtraaEdge Raises Angel Investment

Pune-based edtech startup ExtraaEdge Technology Solutions Pvt. Ltd, has raised an undisclosed amount in angel funding from a group of investors including Ritesh Dwivedy, CEO of and Priti Padhy, global director of business intelligence and information management at Microsoft, along with other angel investors. Read More

Freshee Raises funds from Edelweiss Private Equity

Freshee, a Mumbai-based manufacturer of household packaging and storage products, has raised an undisclosed amount in growth capital from Edelweiss Private Equity, a unit of Edelweiss Financial Services Ltd. The company will use the funds to enhance its pan-India retail segment penetration, capacity expansion and introduce new value-added products. Read More

Co-working Space Wired Hub Raised Seed Funding from Ankit Maheshwari and Anand Singh

Wired Hub has been developed with a single minded aim of bringing together the startup ecosystem of the state of Rajasthan and develop the next hub for entrepreneurs, freelancers and startup influencers to brainstorm together. Wired Hub, raised an undisclosed amount of funding in a seed round led by angel investors Ankit Maheshwari (Jaipur-based CA) and Anand Singh. Read More

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