Investments, News

#Fundingwire – Airline Ticket Aggregator Mystifly Secures Rs 33Cr & 10 More Updates

Shown Above - Rajeev Kumar Nair, Founder & CEO, Mystifly

Shown Above – Rajeev Kumar Nair, Founder & CEO, Mystifly

Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Mystifly, Helpchat, Unocoin, MeraKisan, Demyto, Fastudent, PromOn, Kalaage, eShiksa, Edgefx and Druva

Airline Ticket Aggregator Mystifly Secures Rs 33 Cr in Investment

Bangalore-based online air ticket aggregator Mystifly has secured Rs 33 crore in investment from Japanese firm Recruit Holdings. Its B2B marketplace MyFareBox will be deploying the investment in technology, sales and marketing. The company was founded in July 2009 by Rajeev Kumar Nair and Jitha Nair. Read More

Helpchat Reportedly Raises Series C Investment from American Express Ventures and Sequoia Capital

Chandigarh-based Coraza Technologies which operates Helpchat, has secured an undisclosed amount of money in Series C round. The investment was led by American Express Ventures and saw participation from Sequoia Capital and Singapore-based East Ventures. The company is yet to announce this officially. Helpchat (previously Akosha) was founded in 2010 by Ankur Singla. Read More

Unocoin Secures $1.5M in Pre-Series A Round

Bangalore-based Bitcoin startup Unocoin has raised $1.5 million in a Pre-Series-A investment. The round was led by Blume Ventures, Mumbai Angels and ah! Ventures, with participation from overseas investors – Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital and FundersClub. The bitcoin storage and trading firm was founded in 2013 by Sathvik Vishwanath, Harish B V, Abhinand Kaseti, and Sunny Ray. It claims to have 100,000 monthly active customers, who drive $3 million worth transactions every month. Read More

Farm-Produce eCommerce Venture MeraKisan Raises Investment from Mahindra Univeg

Pune-based online marketplace for fresh farm produce, MeraKisan, has raised an undisclosed amount of investment from Mahindra Univeg, a joint venture between Mahindra Agri Solutions Ltd and Belgium-based Univeg. The company has been operational since 2014. However it was registered as a private entity only in July 2016, where its original Founder Prashanth Patil will own 66.83% stake, and the rest would be owned by the joint venture. Read More

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Automobile Maintenance Startup Demyto Secures Fresh Investment Against 20% Stake

Pune-based automobile service booking and maintenance provider startup, Demyto, has raised an undisclosed amount of investment from Deepak Nathani, Co-Founder, Cybage. The investor has picked up a 20% stake in the company. It is presently operation in Pune, and plans to expand to Mumbai and Bangalore in the coming months. It was founded in 2015 by Kaustubh Konkar and Ulhas Pandit. Read More

Online Marketplace for Educational Products Fastudent Raises Pre-Series A

Noida-based marketplace for education supplies, Fastudent, has raised an undisclosed amount of investment in Pre-Series A. The investors who participated in this round include – Kanwaljit Singh, Founder, Fireside Ventures; former Vertex Venture Director Ajay Lakhotia, former Softbank Director Pavan Ongole and existing investor Ashish Gupta, Trustee, Ashoka University. The company sells products for students like academic text books, uniforms, stationery items etc. It was founded by Gaurav Barman and Geetanjali Khanna, and had raised seed investment from a group of investors in November 2015. Read More

Referral Marketing Platform PromOn Raises $180K in Bridge Round

New Delhi-based marketing solutions provider, PromOn, has secured $180,000 in bridge round of investment from Now Capital. The Jaarvis Accelerator-backed firm is looking to close $2 million in a Series A round soon. The firm has created a incentives based platform for retailers, where the consumers would have to promote respective vendor’s brand on social media to avail different deals. The company was founded in March 2015 by Sarabjeet Singh Anand, and the full version of the product would go live from this month. Read More

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Marketplace Network for Writers & Publications Kalaage Raises Seed Investment from RAIN

Gurgaon-based online marketplace connecting writers and publications, Kalaage, has secured an undisclosed amount of seed investment from Rajasthan Angels Innovators Network (RAIN). The company works on a subscription model, where it charges publications for sourcing content from the writers on its platform. It was founded in 2014 by Raghav Sharma, Himanshu Agarwal and Ravi Piplani. Read More

eShiksa Raises Seed Investment from RAIN

Jaipur-based eShiksa, a firm which creates management tools for educational institutes, has secured an undisclosed amount of seed investment from RAIN. The company allows institutes to build their own portal for student management, faculty management, eLearning etc. It has clients in Kolkata, Gujarat, Maharashtra, Delhi, Bihar, Jharkhand and Madhya Pradesh at present. Eshiksa technology services private limited was incorporated on 23 August 2013 by Jitendra Sharma and Sunita Sharma, who were later joined by Pravin Sharma who presently heads the business. Read More

Online Electronics DIY Kits Seller Edgefx Secures Seed Investment from RAIN

Hyderabad-based Edgefx Technologies has secured an undisclosed amount of seed investment from RAIN. The eCommerce firm retails DIY kits for engineering students. It was founded in 2011 by Kamini Gupta, and claims to have clients in over 20 countries. Read More

Cloud Data Protection and Information Management Firm Druva Raises $51M

Pune & Silcon Valley-based cloud data protection and information management firm Druva has secured $51 million in venture investment. The round was led by existing investor Sequoia India and 3 new investors – Singapore-based EDBI; Blue Cloud Ventures and Hercules Capital. It saw participation from other existing investors including NTT Finance, Nexus Venture Partners and Tenaya Capital. Druva was founded Milind Borate and Jaspreet Singh, and is planning to go public soon. Read More


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