Investments, News

#Fundingwire: AI App Startup Mezi Raises $9M from Nexus, Others & More


Shown above: Mezi’s screenshot

Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Mezi, Zoom Car, Fella Homes, Squara Fumes, and Tiyo 

Mezi Raises $9M from Nexus, Saama Capital & Others

Artificial intelligence-powered personal shopping assistant startup Mezi has raised $9 million in a Series A funding round from existing investor Nexus Venture Partners, and new investors Saama Capital and American Express Ventures. The fund raised will be used to support the company’s growth and accelerate Mezi’s product and artificial intelligence technology development.

Mezi was founded in December 2015 by Swapnil Shinde and Snehal Shinde. Read more

Zoomcar Closes $25M in Series C

Bangalore-based self-drive car rental venture Zoomcar has raised $25 million in Series C funding led by Ford Motor Company. Its existing investor Sequoia Capital along with new investor, Reliance Ventures also participated in the round. With this round of funding, the self-driving car rental company has a total equity funding of $46.2 million. 

Zoomcar was founded in 2012 by Greg Moran and David Back. David Back left the company in May 2015. Read More

Fella Homes Secures $2M Seed Funding

Gurgaon-based fully furnished home rental service startup Fella Homes raised a seed funding of $2 million from an unnamed investor. The company plans to utilise the newly raised capital in acquiring new properties and tenants, team building and product development. 

Fella Homes was founded in 2015 by Virender Pratap Singh,Yadwinder Paul Singh, Digendra Singh Rathore, Kunal Singh & Amit Gupta. Fella Homes provides fully equipped homes with standardized furniture, appliances and kitchenware, rented on per bed/per room basis. Read More

Squara Plums Raises Rs.3Cr from IAN

Square Plums, a chain of rental homes for young adults in India, has raised Rs.3 crore from Indian Angel Network. The funding round by led by VGN Prakash, Amitabh Shrivastava, Krishna Jha and Ravindra Krishnappa.

The company was founded in February 2016 by BITS Pilani Alumni, Rajesh Kumar Kotta and Hemant Attray. Read More 

Tiyo Secures Seed funding

Kolkata-based healthtech startup Tiyo has raised $120,000 of angel funding. The round was led by veteran entrepreneurs from Middle East- Anish K and Ajith Nair, CEO iAdepto Global. The company has also closed its pre-Series A round, where it raised $750,000. 

Tiyo was launched in May 2015 by Ranna Dutta, Sandip Bodak and Sunil Mishra. The raised funds will be utilised to strengthen the development team based out of Bengaluru and will help in opening new sales offices in the South and West. Read More

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