Investments, News

#Fundingwire: Skrilo Secures $1.5M; Treebo Hotels Raises $16M in Series B & More

Shown Above: Treebo Founders

Shown Above: Treebo Founders

Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include MyTaxiIndia, Treebo, SimplyMoveIn and Skrilo

Skrilo Secures $1.5M in Seed Funding

Skrilo has raised $1.5 million, the round was led by Angel investors including Anuj Srivastava and Arvind Tiku. Skrilo is a platform for mobile marketing and rewards.The company will spend money for developing new products, enhancing its technology and for marketing its reward product. Read More

Treebo Hotels Raises $16M in Series B Round

Bangalore based Treebo which is run by Rubtub Solutions Pvt. Ltd has raised $16 million in its Series B round of funding led by Bertelsmann India Investment. The round also saw participation from existing investors, SAIF Partners and Matrix Partners India.

Treebo was Founded in 2015 by Sidharth Gupta, Rahul Chaudhary, and Kadam Jeet Jain. The company is planning to used the funds for strengthening its marketing outreach and technology. Last year, Treebo had raised $6 million in Series A round of funding led by Matrix Partners India and SAIF Partners.  Read More

Nihon Kotsu Invests in MyTaxiIndia

Delhi-based inter city cab rental platform MyTaxiIndia has raised $1 million in a bridge funding from existing investor Nihon Kotsu. MyTaxiIndia was founded by Anshuman Mihir, Mohit Rajpal and Satyakam Rahul. MTI will used the raised fund for expanding in tier 2 and tier 3 cities, marketing , branding and technology. The company offers one way fare ride to commuters for outstation trip, the company also takes city tours on hourly basis for B2B clients. Read More

SimplyMoveIn Secures Angel Funding from Swastika 

SimplyMovein Technologies Pvt. Ltd, has raised undisclosed amount in angel funding from Hong Kong-based investment firm Swastika Company Ltd. It operates a marketplace for curated rental properties, users can also sees a 360 degree view of the property through a video.

The company was founded by Yash Singh, Nitin Bighane and Ahmed Shabib in October 2015. The raised fund will be used for hiring across verticals, marketing, augmenting the technology backbone and geographical expansion. Read More

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