Investments, News

#Fundingwire – Pharmarack Raises Rs 5 Cr in Pre-Series A & 8 More Tech Investments


#Fundingwire is your dose of notable investment announcements in the Indian technology ecosystem. Firms which have recently raised fresh investments include – Pharmarack, First Moms Club, Parentlane, Gadgetwood, Airbnb, Grab, Flixy Games, Khel Now and DailyRounds

ERP SaaS Startup Pharmarack Raises Rs 5 Cr in Pre-Series A

Pune-based Pharmarack, which offers order processing and inventory management platform for pharma retailers and distributors, has raised Rs 5 crore in Pre-Series A round of investment. The round saw participation from Patni Group’s Currae Healthtech Fund and Unicorn India Ventures.

Pharmarack was founded in September 2015 by Pradyumn Singh, Kushal Bhandari, Anupam Sarawagi and Bhavik Parmar. It claims to have 6,500 retailers on board at present. Read More

Community App Startup First Moms Club Raises Investment

Mumbai-based mobile app based community for mothers, First Moms Club, has raised an undisclosed amount of investment from IdeaWaveLabs. The community had first started as a Facebook page in 2010, which its founder Ruchita Dar Shah made into a business in December 2015.

The startup has plans to monetise through affiliate tie ups with brands, and through enabling P2P commerce on its app itself. Read More

Child Development App ParentLane Receives Additional Angel Funding

Bangalore-based app startup Parentlane has raised an undisclosed amount in angel investment from Rohit MA, Co-Founder of Cloudnine Hospitals through his investment arm – Capier Investments. The community app for parents with kids from 0-8 years old, had raised its first angel round in May 2016.

It was founded in December 2015 by Vijay Anand and Neeraj Kumar Gupta, and was incubated at Accel Partners’ startup incubating platform Startup Pad. Read More

Gadget Repair Booking Platform GadgetWood Raises $6M

Delhi-based platform for booking gadget repair services, Gadgetwood, has secured an investment of $6 million from PE firm Carpediem Capital. Besides repair and support services, the company also deals in sales of refurbished devices.

It was founded in April 2013 by Jayant Jha, Ankit Saraf and Anmol Gupta, and claims to be servicing about 10,000 devices per month. Read More

Airbnb Raises $555M at Valuation of $30B

Global accommodation rental and booking marketplace Airbnb has secured $555 million in investment led by Google Capital and Technology Crossover Ventures, at a post money valuation of $30 million. It was founded in  2008 by Nathan Blecharczyk, Joe Gebbia and Brian Chesky, and is now the fourth most valuation unicorn. The present round is expected to go upto $850 million. Read More

Uber’s SEA Rival Grab Raises $750M

Malaysia-based on-demand travel booking firm Grab has secured $750 million in a fresh round of investment led by Softbank. The round saw participation from its other existing investors as well. Didi Chuxing, which has acquired Uber’s China business, had participated in a $350 million round in August 2015. Grab is a part of the anti-Uber alliance which counts other Didi Chuxing investees Ola and Lyft as members. Read More

Mobile Game Developer Flixy Games Raises $425K

Bengaluru-based mobile gaming startup, Flixy Games, has raised $425,000 in Seed investment from Rebright Partners. The firm builds Indian culture inspired games. The company was founded in March 2016 by Felix Manojh. It has rolled out 1 game, and has 4 in the pipeline for the next year. Read More

Social Network for Sports Fans Khel Now Secures $350K

Delhi-based network for sports fans and related businesses, Khel Now, has raised $350,000 in investment from Anglian Omega Network. The network is a place for associations, leagues, teams, coaches, academies, fields, gyms, sporting brands and businesses to connect and interact. It was founded in 2016 John Lee and Dhruv Ratra. Read More

Social Network for Doctors DailyRounds Raises Investment

Bangalore-based social networking platform for doctors & medical professionals, DailyRounds, has raised an undisclosed amount of investment led by Accel Partners. The round saw participation from Beenext, Powerhouse Ventures, and Aksua Holdings. The firm had raised $500,000 in seed round led by Kae Capital in March 2015.

It was founded by Priyaank Choubey, Deepu Sebin, Nimmi Cherian in 2013, and was also a part of both GSF India and Microsoft Ventures accelerator programs. It claims to have 250,000 users on its app at present, with around 60% from India itself. Read More

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