Business, Investments

#Fundingwire: Car Rental Startup Voler Raises Funding and More


Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Volar Cars, Velvetcase, MySuperBrain, BlogBeats, Locanix and Hello Tax.

Voler Cars Raises Funding

Voler Cars, an Indian self-drive car rental company has raised an undisclosed round. Voler Cars presently operates its self-drive rentals in New Delhi & Bangalore and is planning to reach 1000 car fleet operations within 12 months. Current fleet includes a range of aspirational cars from mini-hatchback to SUVs to luxury sedans.

The company plans to use the money raised in this round for expansion of fleet across multiple cities such as Hyderabad, Mumbai, Pune etc. over the next few months. Read More

Velvetcase Secures $1.5-2M from Uniqorn Ventures Fund and others

Bodhi Brands Pvt. Ltd, the company that owns and operates online jewellery site, has raised $1.5-2M in a second round of funding. The round was led Uniqorn Ventures Fund with participation from a group of angel investors like T.V. Mohandas Pai and S. Somasegar.

Mumbai-based Bodhi Brands, founded in 2012 by Kapil Hetamsaria and Runit Shah, aims to use the funds for marketing initiatives, strengthening technology and developing solutions that are seller-centric. Read More

MySuperBrain Raises Angel Funding

MySuperBrain, an online talent discovery platform for students operated by Hyderabad-based Bojja IT Solutions Pvt Ltd, has secured an undisclosed amount in angel funding from tech consultancy firm Soniks Consulting. MySuperBrain was founded in 2011 by IIM-Kozhikode alumni Bojja and Yuvaraju Atmakuri. It offers a platform for students to showcase their talent in academics and other activities such as music, dance and painting.

MySuperBrain plans to use the funds for marketing initiatives and augmenting the technology vertical, co-founder and CEO Raghavendar Reddy Bojja told Techcircle. Read More

BlogBeats Closes Pre-Series A Funding

BlogBeats, a Bangalore-based blogging platform, has raised an undisclosed amount in Pre-Series A investment from Michigan, ­US-based investors. BlogBeats was founded in late 2014 by Priyank Jain and Lokesh Jain, graduates of ISB & BITS Pilani. It currently has a team of 15 members and is associated with Nasscom 10000 Startups and T-Hub. Read More

Hello Tax Raises $294K in Angel Funding

Hello Tax, an app that helps users file income tax returns easily, has raised an angel round of funding from a high-profile investor. Hello Tax has an intuitive user interface that guides users to navigate from one screen to the other and with three-four clicks,they can file ITR, Users do not have to understand the return filing process.

The app, which is operated by Delhi-based iTechFlock Software Pvt Ltd, has raised $294K from Sanjeev Sinha, chief managing director at brokerage firm Amrapali Aadya. Read More

Locanix Secures $300K in Funding

Software-as-a-service (SaaS) based logistics tech startup Locanix has raised $300K from a group of investors including senior executives from Cisco and Goldman Sachs. Startup will use the funds to scale its operations.

Established in 2013 by Ruchit Surati, the firm offers GPS location information services such as remote temperature monitoring, fuel monitoring, mining, auto dealership and high value goods transportation with a focus on safety, security and operational efficiency. Read More

Image Credit: Huffington Post

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