Investments, News

#Fundingwire – Furlenco Bags $5M from Lightbox Ventures; Lenspick Raises Funds at $5M Valuation & More

Ajith Mohan Karimpana, Founder, Furlenco

Ajith Mohan Karimpana, Founder, Furlenco

#Fundingwire is your dose of notable investment announcements in the Indian technology ecosystem. Firms which have recently raised fresh investments include – Furlenco, Lenspick, ShoeKonnect, Zeroinfy, Flocareer, Idea Chakki and Findow.

Furniture Rental Marketplace Furlenco Raises $5M in Series B from Lightbox Ventures

Bengaluru-based furniture for rent startup, Furlenco, has raised $5 million in Series B round of investment from existing investor Lightbox Ventures. The investment is a part of a larger round in which other undisclosed investors have also participated. The current post-money valuation is reported to be $35 million.

Furlenco was founded in in 2012 by Ajith Mohan Karimpana. It had raised $6 million in series A round of funding from Lightbox Ventures in May 2015. Read More

Optical Products Marketplace Lenspick Picks Investment

Bangalore-based Lenspick has raised an undisclosed amount of investment from US-based Scadea Solutions Inc. The investment was made at a valuation of $5 million, the amount is presently undisclosed.

The company was founded in March 2012 by Dileep Chakravarthy Byra. Dealing in the same category as Lenskart, the startup works on an omni-channel model, with 20 offline stores in Hyderabad and Bengaluru. Read More

B2B Marketplace for Footwear ShoeKonnect Raises Angel Funds

Agra-based B2B marketplace network for footwear, ShoeKonnect, has raised an undisclosed amount of investment from IAN. It acts both as an open marketplace for footwear, and as a network for retailers to order goods directly from manufacturers.

ShoeKonnect was founded in 2014 by Siddharth Vij, Chaitanya Rathi and Siddharth Rastogi. It claims to connect more than 5,000 footwear businesses through its mobile app. Read More

EdTech Startup Zeroinfy Raises Seed Investment from CAN

Kolkatta-based EdTech platform Zeroinfy has raised an undisclosed amount in seed investment from Calcutta Angels Network (CAN), against a 10% stake. NASSCOM-incubated Zeroinfy was founded in June 2015 by Rohit Bajaj, Abhishek Bajaj and Aditya Bajaj. It provides study material to help students prepare for competitive exams like CA, CS, CFA, FRM and IIT/JEE. Read More

Recruitment Portal Flocareer Secures $150K

Bangalore-based recruitment startup, FloCareer, has raised $150,000 in seed investment from a few India and US-based tech professionals. It was founded in 2015 by Mehul Bhatt, and claims to have over 30,000 users. Read More

Idea Chakki Raises Investment from Ratan Tata

Delhi-based Idea Chakki, which helps restaurants create video menus, has raised an undisclosed amount of investment from Ratan Tata. Their app will also allow users to gift food and beverage experiences globally. It was founded in 2013 by Gunjan Mehrish, Noopur Tiwari and Monica Narula. Read More

Fashion Discovery App Findow Raises Seed Investment

New Delhi-based fashion discovery app startup, Findow, has raised an undisclosed amount in seed investment from Raj Singh Bhandal, Director, Next Media Works. The hyper local app, recommends O2O deals as well. It was founded in 2015 by Zarine Ahmad Bajaj and Himanshu Kumar. Read More

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