Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include SirionLabs, UTOO, MintM, FindMyStay and GyanDhan.
SirionLabs Raises $12.25M From Sequoia, Others
SaaS based SirionLabs, that provides supplier management technology products, has raised $12.25 million in a Series B round of funding led by existing investor Sequoia India. QualGro ASEAN Fund and Canopy Ventures also participated in this new round of funding. The amount raised in this new round will be used in deepening its research and development, product lines and market expansions. Read More
MintM Raises Angel Round From Mumbai Angels and Times Internet
Digital marketing startup MintM has secured angel round funding from Mumbai Angels and Times Internet. The funds will be used for making the product more intelligent and expanding its growing international markets where MintM is witnessing significant traction. Sachin Garg, CEO, MintM said, “This platform has been described as a peep into the future by prominent people in the industry. It gives me great pleasure to provide a solution to advertising that is not just displaying relevant content but also responding to the people who are in front of it, tracking their response and ultimately generating valuable statistics for the advertiser to compare and compile”.
GyanDhan Secures Funding From Stanford Angels, Harvard Angels
Education loan marketplace GyanDhan has raised an undisclosed amount in seed funding from Stanford Angels & Entrepreneurs and Harvard Angels. The Delhi based company will use the money raised in the latest round to build the tech platform to provide a better experience both to banks and students, and to develop its data sciences capabilities, said Ankit Mehra, Co-founder, GyanDhan. Read More
Indian Angel Network Invests in FindMyStay
New Delhi based hotel reservation startup, FindMyStay has secured funding from Indian Angel Network. The startup enables users to book hotel accommodations at the price range they wish to pay for their stay. Its model enables two-way communication between the customer and hotel. Read More
Ajay Piramal Buys Stake in UTOO Cabs
Investor Ajay Piramal has bought a marginal stake in Chennai based cab aggregator Utoo. The startup which was launched just over a month ago to compete against Ola and Uber, has been valued at Rs 1,000 crore, said C Sivasankaran, promoter of UTOO cabs and a former owner of telecom firm Aircel. He added that the investment has been routed through Piramal Group company Alpex Corporate Services but did not disclose the quantum of the investment. Read More
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