Investments, News

#Fundingwire: Social Marketplace Startup GoCoop Raises $830K; Neuron Secures $200K & More

MD Siva Devireddy

Shown Above: Siva Devireddy, Founder, GoCoop

Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include GoCoop, Neuron, Appsay, MaxWholeSale and HelloDhobi.

Social Marketplace Startup GoCoop Raises $830K from Kris Gopalakrishnan, Saha Fund

eCommerce marketplace empowering Handloom and Handicraft Co-operatives, GoCoop has secured $830,000 in investment from Kris Gopalakrishnan and Saha Fund. The firm gives a platform to artisans and weavers to sell their products to the entire nation.

It was founded in 2012 by Siva Devireddy in Bangalore. It had previously raised two rounds of investments – undisclosed amount from IAN & Unitus Seed Fund in 2013, and further $290,000 from existing investors, Splice Capital and a few individual investors. Read More

Machine Learning Platform Startup Neuron Raises $200K

New Delhi-based machine learning platform for text analysis Neuron has raised $200,000 in angel investment from Harvinder Bhatia, CFO Netmagic and founder of Radiowalla.

The company provides a Natural Language Processing platform that provides APIs to analyse the overall sentiment of a statement, extract the most significant words in a particular text.

Neuron was founded in November 2014 by Veer Mishra and Aaditya Kakde, and was previously incubated by Tlabs. Read More

Customer Engagement Platform Appsay Raises $150K

New Delhi-based customer engagement platform startup Appsay has closed $150,000 in an investment round led by Shreyans Shah and Mayank Shah of Toyochem Laboratories.

The company was founded in 2015 by Vaibhav Shewale and Jeetendra Ghare. The investment will be used to scale up the operations and strengthen the technology behind the product. Read More

B2B Commerce Platform MaxWholesale Raises $150K

Delhi-based B2B commerce and supply chain platform, MaxWholesale, has raised $150,000 in investment led by Maple Capital, with participation from Ridhish Talwar and a few investment bankers from New York.

Founded in April 2016 by Samarth Agrawal and Rohit Narang, the firm is creating a data & technology driven B2B supply chain platform to connect companies directly with small scale grocery & retail stores. Read More

On Demand Laundry Startup HelloDhobi Secures Angel Funding Led By Swastika Company

Pune-based on-demand laundry startup HelloDhobi, has raised an undisclosed amount of angel investment from Swastika Company and a few Mumbai-based HNIs. The investment will be used to expand the team and operations in Pune.

The company was founded in April 2015 by Arman Verma and Kunal Sachanandani. It has tied up with industrial laundromats for processing orders, and itself handles packaging and logistics side of laundry operations. Read More

Image Credit: Indian Express

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