Investments, News

#Fundingwire – Pepperfry Raises Rs 210 Cr in Series E & 11 More Tech Investment Updates

pepperfry founders

Pepperfry Founders – Ambareesh Murthy & Ashish Gupta

#Fundingwire is your dose of notable investment announcements in the Indian technology ecosystem. Firms which have recently raised fresh investments include – Pepperfry, Doctor Insta, Codemojo, Liqvid, Swiggy, PurpleDocs, JustLikeNew, eQuickes, CoLife, GoPigeon, NewsDistill and InFeedo

Pepperfry Raises Rs 210 Cr in Series E

Pepperfry has raised Rs.210 crore in a Series E round. The investment was raised from existing investors Goldman Sachs, Bertelsmann India Investments, Norwest Venture Partners and Zodius Technology Fund, who had also invested Rs 642 crore Series D round in July 2015.

The company was founded in late 2011 by Ambareesh Murty and Ashish Shah. It has raised about $160 million till date, and will used the fresh funds in scaling up its logistics network and setting up more physical experience centres. Read More

HealthTech Startup Doctor Insta Bags Over $1M from RoundGlass Partners

Gurgaon-based tele medicine startup, Doctor Insta, has raised over $1 million in investment from RoundGlass Partners. The company had previously raised $500,000 in Pre-Series A in December 2015. It is working on two projects Health ATM and Insta Wall, and is planning to spend Rs 20 crore on these over the next 18 months.

Health ATMs will be kiosks placed in public spaces like malls, corporate buildings etc., that will allow users to get basic health check ups done. Insta Wall is a tablet driven initiative to provide virtual consultations in rural areas. Doctor Insta was launched in December 2015, and counts Amit Munjal and Prashant Jain as Founders. Read More 

Customer Engagement Platform Codemojo Closes Angel Investment

Chennai-based customer engagement platform for omni-channel businesses, Codemojo, has raised an undisclosed amount of funds in angel round. The investment was made by CIO Angel Network (CAN) members Sanjay Mehta and Manoj Chandiramani.

The firm was founded in 2014 by Shoaib Mohammed and Vijaykrishna Ramanathan. It offers loyalty program and gamification solutions. Read More

eLearning Platform Liqvid English Edge Raises Series A

Noida-based EdTech Startup Liqvid has raised closed to $1 million in investment for its product English Edge. The investment was made by social venture capital firm Gray Matters Capital. It was founded in 2002 by Vivek Agarwal and Manish Upadhyay. Read More

Swiggy Scores $15M in Series D Led by Bessemer Venture Partners

Bangalore-based Swiggy has raised $15 million in Series D led by Bessemer Venture Partners, with participation from existing investors. The company had in fact secured a bigger round of $35 million in Series C in January 2016.

The company was founded in 2014 by Nandan Reddy, Rahul Jaimini and Sriharsha Majety. Read More

Healthcare Records Management Startup PurpleDocs Raises Investment

Vadodara-based healthcare records management startup PurpleDocs has raised an undisclosed amount of investment from KellyGamma, Lead Angels and few HNIs from healthcare industry. The company offers record storage and analysis facilities to hospitals, and at present has 60 clients within Gujarat itself.

It was founded in September 2010 by Deepak Gupta and Pooja Gupta. It will used the fresh investment to expand its services to other states. Read More

Smartphone Repair Booking Platform Secures $500K

Hyderabad-based smartphone repair booking platform has raised $500,000 in angel investment. The round saw participation from angels including Krishnakumar Natarajan, Executive Chairman, Mindtree; Sandeep Mathur, Former managing director, Oracle India; Vikas Tandon, former managing director; Indigo Consulting, and existing investor Aneesh Reddy, Chief Executive Officer, Capillary Technologies.

JustLikeNew was founded in 2014 by Ajit Panigrahi and Rahul Agarwal, and has operations in Bangalore, Hyderabad and Delhi-NCR. It also caters in the B2B segment for smartphone servicing, through partnerships with Uber, Ola, Swiggy and Qualcomm. Read More

Student Book Selling Platform eQuickes Raises Rs 2 Cr

Ahmedabad-based student book selling platform has raised Rs 2 crore from Lothal Ventures. It’s a platform for students to exchange old books, donate books find coaching classes, get college news updates etc.

eQuickes was founded in July 2016 by Aakash Kiritkumar Gajjar, Snehal Mahendrabhai Shah and Vidit Jignesh Upadhyay. Read More

Coworking Space Provider CoLife Raises $1M

Bangalore-based shared living and working spaces provider Colife Advisory Private Limited has raised $1 million in seed investment. It operates under the brand names and It was founded in February 2016 by Suresh Rangarajan Kidambi and Sundari S Rangarajan. Read More

Logistics Aggregation Firm GoPigeon Secures $1.5M from Nexus Venture Partners

Bangalore-based on-demand logistics service provider GoPigeon has raised $1.5 million in Pre-Series A round of investment from Nexus Venture Partners. The logistics aggregator claims to service 20,000 pin codes across the country in partnership with logistics firms like Xpressbees, Delhivery, FedEx and so on. It was founded in 2015 by IIT Kharagpur alumni Yeshu Singh, Deovrat Singh and Sourav Sarkar. Read More

News Aggregation App NewsDistill Gets $100K in Seed Investment

Hyderabad-based news aggregation app startup NewsDistill has secured $100,000 in seed investment from Ganesh Narasimhan, Ramana Thumu, and Sudhir Mallem. The machine learning based app aggregates content from different portals, to deliver a personalised feed. It was founded in 2015 by Narasimha Reddy. Read More

HR Analytics Startup inFeedo Secures Angel Investment

Gurgaon-based HR Analytics Startup inFeedo has secured an undisclosed amount of funds in angel round. It was led by led by Dheeraj Jain, Managing Partner at Redcliffe Capital, with participation from Palash Jain, ex-Head of Google India Core Operations.

It works on an AI-based chatbots to help HR managers generate an organisation’s culture health report. It was founded in May 2013 by Tanmaya Jain. Read More

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