Investments, News

#Fundingwire – Giftxoxo Raises $450K; Indian Gifts Portal Secures $2M & More

Giftxoxo founders

Shown Above: Giftxoxo Founders

Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Giftxoxo, Indian Gifts Portal, Innerchef, UE LifeSciences, Remitr, AppsDaily, WorldArtCommunity, BharatBazaar, Scandid and GOQii.

Giftxoxo Raises $450K from Mahindra Holidays

Bangalore-based experience gifting portal, Giftxoxo, has received $450,000 in strategic investment from Mahindra Holidays & Resorts India Ltd, against a 12% stake. It was founded in April 2012 by Sumit Khandelwal, Manoj Aggarwal, Abhishek Kumar and Kushal Agrawal, and had raised angel investment from Kshatriya Ventures in July 2013.

Giftxoxo has made 3 acquisitions in the last one year, including that of local experience discovery platform Yipeedo in October 2015; Mumbai-based Actizone in January 2016 and marketplace for hobbies and leisure activities – BookMyInterest in June 2016Read More 

Indian Gifts Portal Secures $2M in Fresh Investment

Noida-based Indian Gifts Portal (IGP) has secured $2 million in a fresh round of investment from the family office of Naveen Arya, Promoter, Karamchand Appliances, and existing investor & promoter Tarun Joshi, India Director, 3i. The investment would be deployed in developing personalisation tech for the gifting website. The firm started as a part of B2B marketplace IndiaMart, but was spun off into an independent entity in 2012 by Tarun Joshi and Rahul Garg. Read More

InnerChef Stirs Up $2.5M Led By Japan-Based Mistletoe

Gurgaon-based online food ordering venture Innerchef has secured $2.5 million in a new round of investment led by Japan-based Mistletoe. The round also saw participation from Singapore-based M&S Partners and other existing investors. The firm operates on a hybrid model where it serves food from its own kitchen, and also aggregates other chefs on its platform.

Innerchef had raised $1.66 million in Pre-Series A in September 2015 from a group of super angels. It was founded by Rajesh Sawhney, Sanjeev Singhal and Bal DiGhent in 2015. Read More

HealthTech Startup UE LifeSciences Bags $1.6M Led By led by Kiran Mazumdar-Shaw

Philadelphia and Mumbai-based health technology startup, UE Lifesciences, has raised a strategic investment of $1.2 million. The round was led by Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon, and saw participation from existing investor Unitus Seed Fund. The firm manufactures devices for cancer detection. Its flagship product iBreastExam performs bilateral breast examinations and produces results within five minutes. UE Lifesciences, founded by Mihir Shah in 2015, and had earlier raised $3 million from Aarin Capital and Unitus Seed Fund. It had also received a grant of Rs 50 lakh from Unitus Seed Fund. Read More

Year Old Payments Startup Remitr Raises $1M

Palo-Alto headquartered and Mumbai-based digital payments firm Remitr has secured $1 million in investment from a group of investors. These investors include Paytm Founder Vijay Shekhar Sharma; FreeCharge Founders Kunal Shah and Sandeep Tandon; GOQii founder Vishal Gondal; Seedfund Founder Pravin Gandhi and a few more angel investors. Startup funds Singapore Angel Network; Operator VC and Germinators fund also participated in this round.

The firm provides cross border payments and remittances services. It was founded in 2015 by Kanchan Kumar, Sandeep Jhingran, and Sandeep Todi. Read More

AppsDaily Raises $3.75M from Founders and Existing Investors

Mumbai-based mobile security firm AppsDaily has secured $3.75 million from founders and existing investors in a new round of investment. It had previously raised $2 million funding from Kalaari Capital, Qualcomm Ventures, ru-Net and Zodius Technology Opportunities Fund in July 2016. It was founded by Arun Menon and Ajay Menon in 2009. Read More

WorldArtCommunity Raises $200,000

Gurgaon-based online marketplace for artistic products WorldArtCommunity has raised $200,000 from existing investor Viraj Tyaji and others. It had previously raised $200,000 in May 2015 from Tyagi and an unnamed investor. It was founded in December 2014 by Shobhit Arora, to enable artists to sell their products through its platform. Read More

B2B Grocery Marketplace Bharat Bazaar Raises Seed Investment

Mumbai-based mobile B2B grocery marketplace, Bharat Bazaar, has raised an undisclosed amount in seed investment from a clutch of investors including BeeNext; TV Mohandas Pai; FreeCharge Co-Founders and other super angels. The startup aims at enabling farmers by giving them a platform to sustainably sell and distribute their produce. It was founded in July 2015 by Saurabh Jain and Kedar Gokhale. Read More

Price Comparison App Scandid Secures Pre-Series A Investment Led by 3One4 Capital

Pune-based price comparison app startup, Scandid, has secured an undisclosed amount of investment in Pre-Series A round. The round was led by Mohandas Pai’s fund, 3One4 Capital, and saw participation from its existing investors. The firm had previously raised funds from Micromax in October 2015. Scandid was founded in 2013 by Sushil Choudhari and Bhaskar Thakur. Read More

Wearable Maker GOQii Secures Investment from Ratan Tata

California-based fitness wearable maker GOQii, has secured an undisclosed amount of investment from Tata Sons Chairman emeritus Ratan Tata. The firm was founded in 2014 by Vishal Gondal. It has raised over $13.5 million till date from multiple rounds of investments. Read More

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