Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include 10i, Qdesq and QwikCilver
Technology Startup for SMEs 10i Raises Upto $4.4M from Nandan Nilekani
Nandan Nilekani, cofounder, Infosys has backed 10i that seeks to help small traditional shops compete with online and organised retailers with the use of technology. 10i has reportedly raised around $3.6-4.4 million (Rs 25-30 crore) from Nilekani. Nandan Nilekani is the sole investor in the startup with a minority stake.
Founded in early 2015 with co-founder Apoorva Jois, its new technology platform ShopX will be empowering traditional small retail stores. The company is now aiming to expand quickly across hundreds of towns and cities in the country. Read More
Qdesq Raises Angel Funding
Qdesq, workspace rental platform, has raised an undisclosed amount of funding from an investor consortium led by Anuraag Jaipuria, director of Jai Drinks, Ruchirans Jaipuria, director of Jaipuria Beverage and Food, and Rishi Kajaria, joint managing director of Kajaria Ceramics.
Qdesq is a ready to move in workspace brand. It is planning to use raised fund for expansion, marketing and enhancement of technology. Read More
QwikCilver Raises $10M Led By Sistema Asia Fund
Gifting card solutions provider QwikCilver has raised $10M, a new round of funding, the funding was led by Sistema Asia Fund, the proprietary fund of Russian conglomerate Sistema, with participation from existing investors including Amazon Asia-Pacific, Accel India and Helion Venture Partners.