#Fundingwire is your quick dose of notable investment announcements in the technology ecosystem. The firms which have recently raised investment include Wooplr, KredX, OrangeTwig, SooperMo, Satvacart, MPOWER & Creditmate.
Invoice Discounting Firm KredX Raises $6.25M in Series A
Bangalore-based invoice discounting platform, KredX, has raised $6.25 million in Series A round of investment led by Sequoia India, with participation from existing investor Prime Venture Partners.
KredX allows MSMEs to secure loans from individual lenders, against its sales invoices. It was founded by Manish Kumar, Anurag Jain and Puneet Agarwal in 2015. Read More
Fashion Discovery App Startup Wooplr Secures Investment from Astarc Ventures
Bangalore-based fashion discovery app Wooplr has secured an undisclosed amount of investment from Astarc Ventures. The company had previously raised an investment from inMobi Founders and others in March 2016.
It was founded in March 2013 by Arjun Zacharia, Praveen Rajaretnam, Soumen Sarkar and Ankit Sabharwal. Read More
MarTech Startup for eCommerce Sellers OrangeTwig Raises $1.07M
Delhi-based OrangeTwig, a firm that has built a marketing automation platform for eCommerce sellers, has secured $1.07 million in investment from undisclosed investors.
OrangeTwig was founded in September 2012 by husband-wife duo of Karan Jassar and Sahiba Sandhu. It claims to be catering to 18,000 sellers & SMEs using its platform. Read More
Android App SooperMo Raises $100K in Seed Funding
Gurgaon-based & Singapore-registered SooperMo Appstudio Pte Ltd, which has built utility app ‘SooperMo’ has raised $100,000 in seed round from Lalit Vase. The app comes with smartphone optimisation features like disk and battery optimization, clean-up, privacy control etc.
The company plans to roll out SooperMo suite of apps in Middle East, Southeast Asia and Africa as well. It was founded in August 2016 by Pushkar Sinha and Tapan Pandey. Read More
Satvacart Raises Fresh Angel Investment
Gurgaon-based online grocery retailer, Satvacart, has closed its third round of angel investment. The round saw participation from angel investor Nimit Panigrahi; Abhijit Awasthi, former National Creative Director of Ogilvy & Mather, SP Vijay, Co-Founder and Managing Director, Tarento Technologies and Karan Chellani, Managing Partner at SQUE Capital.
It was founded in January 2015 by Rahul Hari. Read More
Students Loan Platform MPOWER Secures $7M to Set Up India Operations
Washington DC-based online firm, MPOWER, that allows students to take easy loans for higher education, has secured $7 million in investment led by PE fund Zephyr Peacock. The round saw participation from University Ventures, 1776 Ventures, Goal Structured Solutions, VilCap Investments and Fresco Capital.
The investment would be used to set up operations in India, in order to assist more Indian students seeking to pursue higher education in US. MPOWER will offer required loans at lesser interest rates than private banks in India. Read More
Lending Platform CreditMate Raises $500K from India Quotient
Mumbai-based online credit platform for two-wheeler purchase, CreditMate, has secured $500,000 in seed investment from India Quotient. It allows users to purchase second hand two-wheelers, and enables quick loan service to facilitate the same. It was founded in October 2012 by Ashish Doshi, Jonathan Bill, and Aditya Singh, and had launched its operations in Mumbai in July 2016. Read More
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