Investments, News

#Fundingwire – Urban Ladder Raises $3M in Venture Debt; Unacademy Raises $1M Led by Blume & More

Shown Above: Urban Ladder Co-Founder Rajeev Srivatsa

Shown Above: Urban Ladder Co-Founder Rajeev Srivatsa

#Fundingwire is your dose of notable investment announcements in the technology ecosystem. Firms which have recently raised investment include Urban Ladder, Unacademy, ShaadiSaga, Advenio Technosys, GuaRented NearU, Encashea,, TAC, Notesgen and Zzungry.

Urban Ladder Raises $3M in Venture Debt from Trifecta Capital

Furniture eCommerce firm Urban Ladder has secured a venture debt of $3 million from Trifecta Capital. While the company hasn’t released an official press statement, filings with the RoC confirm that the amount was issued in June 2016 against non-convertible debentures and compulsorily convertible preference shares.

Bangalore-based Urban Ladder was launched in 2012 by Ashish Goel and Rajeev Srivatsa. Till date the company has raised $77 million in multiple rounds from investors like SAIF Partners, Sequoia Capital, Kalaari Capital, Steadview Capital etc. Read More

Unacademy Raises $1M Led by Blume Ventures

EdTech startup Unacademy has raised $1 million in its second round of external investment led by existing investor Blume Ventures, with participation from Stanford Angels India, WaterBridge Ventures, Traxcn Labs, Flipkart founders Sachin Bansal & Binny Bansal, and Paytm founder Vijay Shekhar Sharma. The round also saw investment from its existing investors Sujeet Kumar, Aprameya Radhakrishnan and Phanindra Sama.

Unacademy was launched by Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta in January 2016. It had raised its first round of $500,000 in April 2016. It claims to have claims to have over 300,000 students for 2,400 online lessons it offers. Read More

ShaadiSaga Raises Pre-Series A Investment from ah! Ventures, Anupam Mittal & Others

Delhi-based online wedding services marketplace ShaadiSaga has raised an undisclosed amount of investment in Pre-Series A round. The investors who participated in the round include ah! Ventures, Anupam Mittal, Kunal Shah, Sandeep Tandon, Dheeraj Jain of Redcliffe Capital and Rohit Chokhani of White Unicorn Ventures.

ShaadiSaga was founded in April 2014 by Himanshu Kapsime and Manish Garg. It offers a marketplace of vendors and services required for hosting a wedding. It had raised an undisclosed amount in Seed round from OutBox Ventures in January 2015. Read More

Kstart Invests in Advenio Technosys and GuaRented

Kalaari Capital’s Kstart program has invested $100,000 and $500,000 in two Indian startups — Advenio Technosys, a clinical imaging solution provider and GuaRented, a rental marketplace, respectively.

Advenio Technosys was founded in September 2010 by Mausumi Acharyya and Snigdha Chattopadhyay Acharjee. It provides AI-based computer assisted detection for diagnostic clinical imaging.

GuaRented was founded in February 2016 by Harshwardhan Dayalbaboo Raikwar, Abhimanyu Dikshit and Prateek Agarwal. It’s an online marketplace for rental of home appliances. Read More

EnCashea Closes Seed Investment From Freecharge Founders & Others

Bangalore-based startup Encashea has raised an undisclosed amount of seed investment from FreeCharge co-founders Kunal Shah and Sandeep Tandon, Tracxn Labs and a few other investors. The startup offers on-demand scrap pick up and recycling services.

Encashea was founded in August 2015 by Priyank Jain, Harshal Chaudhari and Rahul Jaiswal. The firm claims to have scaled its revenues from about Rs 70,000 in December 2015 to around Rs 8 lakh in July 2015. Read More

Hyperlocal Deal Discovery App NearU Raises Investment from Goutam Challagalla

Mumbai-based hyperlocal deal discovery app startup NearU has raised an undisclosed amount of investment from Goutam Challagalla, a professor of marketing at business school IMD, Switzerland.

NearU is an O2O smartphone app for discovering deals and discounts being offered by vendors & stores in a location. It was founded in June 2015 by Hemanth Meka Rao. Read More

AI Startup Raises $200K

Delhi-based AI startup announced that it has raised $200,000 in investment from Outbox Ventures, Rahul Khanna, Managing Partner, Trifecta Capital and Jaspreet Bindra, head of eCommerce at Mahindra & Mahindra. The round saw participation from Arjun Malhotra and Rohan Malhotra of Investopad, Sidharth Rao, co-founder of WebChutney and US-based angel Rakesh Agrawal. was founded in December 2013 by Akshaya Aaron and Dipankar Sarkar. It provides a machine learning driven platform to enterprises to collect analytics data and get real time insights to target and engage audience. Read More

Cyber Security Startup TAC Solutions Raises Pre-Series A Round

Delhi-based cyber security solutions provider TAC Solutions has raised an undisclosed amount of investment in pre-series A round from stock market investor Vijay Kedia. The firm plans to close $10million in series A within this financial year.

TAC was founded 2013 by Trishneet Arora. Its clientelle includes Reliance Industries Limited, Gujarat Police, Punjab Police, International Tractors Limited (Sonalika), AMUL, Avon Cycles, RALSON, and Central Bureau of Investigation (CBI) among others. Read More

P2P Student Notes Exchange Marketplace Notesgen Raises $100K in Angel Investment

Delhi-based online notes-sharing portal for students, Notesgen, has raised $100,000 in angel investment from Riju Gupta, CEO, JuiceUp and other undisclosed angel investors.

Notesgen was launched in November 2014, and incorporated in April 2015, by Manak Gulati and Sushma Gulati. It had raised a seed round of $50K in January 2015 from Arvind Jha, former Adobe India executive; Satya Narayana, CEO, CareerLauncher and Rajeev Saraf, CEO, Lepton Software. Read More

Food Ordering Startup Zzungry Raises Seed Investment

Bangalore-based online food ordering startup Zzungry has raised an undisclosed amount of investment in seed round from Satish Vasudeva, Madhusudhan Jujare and a group of other undisclosed investors. It allows users to order freshly made Indian cuisine dishes.

Zzungry was founded in 2015 by Subash Baliga, Sandeep Rana and Ashish Kalya. It claims to be processing over 150 orders in a day. Read More

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