#Fundingwire is your dose of notable investment announcements in the technology ecosystem. Firms which have recently announced their investment include Bombay Shaving Company, Vebbler, Doux Dentistry and Zeolr.
Bombay Shaving Company Raises Rs 4 Cr from a Group of Angels
Delhi-based subscription eCommerce firm for men grooming products, Bombay Shaving Company, has raised Rs 4 crore in angel round of investment. The investors in this round included McKinsey India MD Noshir Kaka; Subramanian Ramadorai, an advisor to the prime minister; Kiran Deshpande, former Chief of Tech Mahindra; Pankaj Gupta, Head of Operations of USL Diageo; Ravi Nigam, MD, Tasty Bite; Investor and Oyo exec Maninder Gulati and 11 McKinsey partners,
The firm was founded in 2015 by Shantanu Deshpande, Raunak Munot, Rohit Jaiswal and Deepu Panicker. It claims to be clocking 400 orders per month, and targets to hit a run rate of 30,000 orders by end of 2016. Read More
Photo Sharing App Vebbler Raises $500K in Seed Funding
Bangalore-based photo sharing app Vebbler has raised $500,000 in seed round from a consortium of investors. The round was led by Anupam Mittal, Founder, Shaadi.com with participation from angel investors Sharad Sharma, Pranav Pai and other 13 foreign investors.
Vebbler was founded in 2013 by Sahil Bhagat. The firm claims to have over 1,00,000 users of its app. The raised investment would be used for marketing activities and hiring. Read More
CIIE IIM-A Invests in 2 HealthTech startups
IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) has made an undisclosed amount of investment in 2 healthcare startups – Doux Dentistry, and IoT-based Zeolr.
Doux Dentistry was founded in 2014 by Mapaganda Poovaiah Devaiah and Vivek Madappa. It aims to provide dental care affordable & accessible for patients at their homes under the brand name Mobident. It is currently operational in Bengaluru, Pune, Mysore, and Ahmedabad.
Zeolr was founded in 2016 by Ajay Kumar Saini and Roshit Gopinath. It is an IoT based healthcare company which is developing solutions to aid in the better management of chronic diseases by patient and availability of information to physician. Read More