#Fundingwire is your dose of notable investment announcements in the Indian technology ecosystem. Firms which have recently raised investment include StalkBuyLove, Social Quotient, Zybo Tracking Solutions, Lucideus Tech and Mad Street Den.
StalkBuyLove Raises Funds from Fabindia MD William Bissell
New Delhi-based online fashion brand for women, StalkBuyLove has raised an undisclosed amount of investment from William Bissell, Managing Director, Fabindia. It had previously raised $1.5 million in March 2016 led by 500 Startups and Germany-based venture fund Littlerock. And prior to that, its first external round from from a group of 10 international investors in September 2015.
StalkBuyLove was founded in 2013 by Tushar Ahluwalia, Nishrit Srivastva, Aashna Chopra and Shikha Ahluwalia. It retails only private labels and claims to have operating margins of about 70%. Read More
Social Quotient Raises Investment from Designer Anita Dongre
Mumbai-based startup focussing on social causes, Social Quotient, has raised an undisclosed amount of investment from Fashion Designer Anita Dongre, her son Yash Dongre and Milind Sarwate, former CFO, Marico and Founder, Increate Value Advisors.
Social Quotient was founded in 2015 by Samyak Chakrabarty and Deep Master. It runs several tech-based initiatives in the areas of skill development, renewable energy, education, rural development, agriculture etc. Read More
Zybo Tracking Solutions Raises Investment from Netherlands-Based Grasshoppers
Kochi-based Zybo Tracking Solutions has raised an undisclosed amount of investment from a Netherlands-Based firm – Grasshoppers. Zybo will deploy the funds in development of its application Trackbizz, a field force tracking and management system.
Zybo was incorporated in September 2015 by Sunil Johny and Arun Johny. It was incubated by KSIDC’s (Kerala State Industrial Development Corporation). Read More
Cyber Security Startup Lucideus Tech Closes Third Round of Angel Funding
Delhi-based cyber security startup Lucideus Tech has raised an undisclosed amount in its third round of angel investment, from Amit Choudhary, director of Motilal Oswal Private Equity Advisors Pvt. Ltd. Earlier two rounds were raised from Anand Chandrasekaran, former CPO, Snapdeal and Sanjay Baweja, CFO, Flipkart.
The firm was found in 2012 by Saket Modi and Vidit Baxi. It claims to be working with 100 clients at present. Read More
AI Startup Mad Street Den Raises Series A From Sequoia Capital & Others
Artificial Intelligence driven startup Mad Street Den has raised an undisclosed amount of investment in Series A. The investment was made by Sequoia Capital, and its existing investors Exfinity Ventures & growX venture. The round saw participation from a few Google executives and others.
Mad Street Den was founded in Chennai in 2013 by husband-wife duo Anand Chandrasekaran and Ashwani Asokan. It is presently based in Fremont, California and has presence in San Francisco, Chennai, Bangalore & London. Its flagship product Vue.ai is a visual search engine for retailers in the fashion domain. Read More
Image Credit – e27