Investments, News

#Fundingwire: Twigly Raises $600K; ShareChat Raises $1.35M Led by SAIF and More

TwiglyFundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Twigly, Urban Tailor, Sharechat, HiGrit and Yaap

Food Delivery Startup Twigly Raises $600K

Gurgaon based food delivery startup Twigly has raised $600,000 in investment from Tracxn Labs, Hyderabad Angels, Freecharge founder Kunal Shah and Flipkart vice-president (engineering) Gaurav Bhalotia and other angels.

Founded in August 2015 by Sonal Minhas, Rohan Dayal and Naresh Kumar Kachhi, the company operates two kitchens in Gurgaon and clocks close to 150 orders per day. The fresh capital will be used to establish and grow Twigly’s presence in Delhi and Bangalore. Read More

Bespoke Clothing for Women Startup Urban Tailor Raises Seed Funding

Bangalore based Urban Tailor, a firm which provides custom on-demand tailoring service for women, has raised seed funding from Unitus Seed Fund and former Shoppers Stop MD B.S. Nagesh. The company claims to have serviced over 20,000 customers in the past one year.

Urban Tailor was founded in March 2015 by Vasudevan T, Lavanya Venkatraman and Ashish Singhal. It has aggregated a network of local, small tailoring units and intends to use the funds to grow this network and its capacity. Read More

ShareChat Raises $1.35M in Seed Round Led by SAIF Partners

Bangalore based Vernacular social network startup Sharechat, has raised $1.35 million in a seed round of funding led by SAIF Partners, with participation from existing investor India Quotient. The company offers a content sharing app for Indian users, which is available in 4 Indian languages, namely Hindi, Marathi, Malayalam and Telugu.

ShareChat was started by three IIT Kanpur alumni, Farid Ahsan, Bhanu Singh and Ankush Sachdeva in 2015. The firm claims to have crossed 1 million downloads, and is said to have half a million monthly active users. Read More

Legal Services Provider HiGrit Raises Seed Funding

On-demand legal services provider HiGrit has raised an undisclosed amount in seed funding from two Chandigarh-based Ashish Mahajan and Sarvesh Sharma. The company has an online platform to provide legal services to startups, entrepreneurs, small and medium-sized businesses and professionals.

New Delhi based HiGrit was founded in June 2016 by Ashish Bais and Manish Singh. The funds would be used to build the product and to launch a mobile app for the platform. Read More

Content Marketing Startup Yaap Secures $5M in Funding

Content marketing startup Yaap has raised $5 million in investment from Rainmaker Ventures. The company provides services in content discovery, creation and distribution for corporates.

Founded in March 2016 the company has onboarded Rainmaker’s Co-Founder Atul Hegde as Director & Chief Mentor. The company doesn’t have a CEO but operates on a partner model with Nikhil Bapat and Manan Kapur as Partners in Mumbai and Gurgaon respectively. Read More

Image Credit: Kitchenpops

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