Investments, News

#Fundingwire – MYSUN Bags $2.5M in First Investment Round & 10 More Updates


Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include MYSUN, 3Dexter, YuMiGo, Trilyo, EPaathSala, BabyChakra, ShieldSquare, Coppre, Graviky, FirstCry and Rooter.

Solar Panels Marketplace MYSUN Secures $2.5M in First Investment Round

New Delhi-based marketplace for reviewing and purchasing solar panels, MYSUN, has secured $2.5 million in investment from Hemant Taneja, Managing Director at General Catalyst Partners. This is the first round of investment the firm has raised since its inception in September 2015.

MYSUN was founded by Gagan Vermani, Divyanshu Sachdev and Gyan Prakash Tiwari. The company is building a platform for consumers to review, compare and buy solar panels from different vendors. Read More

3D Printing Startup 3Dexter Secures $150K

Delhi-based 3D printing tech startup, 3Dexter, has secured $150,000 in investment from ICA Edu Skills’ investment firm Newbie Promoters. The firm aims at bringing experiential learning through 3D Printing to educational institutes. It was founded in 2015 by Nikunj Singhal and Shantanu Kwatra. Read More

Forex Marketplace YuMiGo Raises $300K

Delhi-based e-commerce platform for foreign exchange and international SIM card services, YuMiGo, has secured $300,000 in its first round of external investment from Hemant Sahni. The firm was founded in October 2015 by Rishabh Sood & Pratyush Kukreja. Read More

CRM Provider for Restaurants Trilyo Secures Seed Investment

Bangalore-based SaaS CRM solution for restaurants, Trilyo, has raised an undisclosed amount of seed investment. The round was led by a Singapore-based private investor and backed by members of Amplifi Angel Group including Vishnu Bhat; Rajiv Lunkad, and Naresh Ravindranath.

It was founded in 2015 by Abhishek Moharana and Gaurav Gambhir. It provides a customer management and engagement platform to restaurants. Read More

EPaathSala Raises Pre-Series A

Bangalore-based SaaS platform for academic accreditations, EPaathSala, has raised an undisclosed amount of investment in pre-series A round. The investment was led by Hyderabad Angels, and saw participation from TLabs.

The firm offers a cloud based ERP solution to higher education institutes for accreditations. It claims to have over 400 institutes as its clients. EPaatSala is a graduate from TLabs’ 7th batch, and was founded by Suman Nandy. Read More

Parenting Platform BabyChakra Raises Series A from RoundGlass Partners

Mumbai-based online community for parents, BabyChakra, has raised an undisclosed amount in Series A round of investment, from RoundGlass Partners. The portal provides information on parenting and infant care.

It was founded in February 2015 by Naiyya Saggi, Mitesh Karia and Mohit Kumar. BabyChakra had reportedly raised $600,000 in angel investment in June 2015. Read More

Scraping Bot Tackling Solution ShieldSquare Gains Fresh Investment

Bengaluru-based data scraping prevention software, ShieldSquare, has raised an undisclosed amount of investment from Venture Highway; Vishy Poosala, Engineering Director, Facebook and existing investors. It had raised $350,000 in angel investment in October 2014.

It was founded in 2013 by Pavan Thatha, Rakesh Thatha, Vasanth Kumar G, Jyoti Kakatkar, and Srikanth Konijeti. It claims to have users in over 68 countries. Read More

Impact eCommerce Firm Coppre Raises Investment

Pune-based eCommerce store for copper products, Studio Coppre has raised an undisclosed amount of investment from Ganesh Natrajan through his firm 5F World. Coppre is an all women firm which aims at empowering copper artisans in the country.

It was founded in 2014 by Rashmi Ranade. It claims to have generated Rs 1.5 crore in revenue in FY 2015-16, and aims to double it this year. Read More

Smoke to Ink Startup Graviky Secures Rs 80L at Rs 80Cr Valuation

Bengaluru-based Graviky, a startup that’s working on technology to convert soot from air into ink, has raised Rs 80 lakh in investment at a valuation of Rs 80 crore. The investment was raised from Mohit Goel, CEO, Omaxe Limited. Graviky Labs is a spin off from MIT Media Lab, and was incorporated in May 2016 by Anirudh Sharma and Nikhil Kaushik. Read More

FirstCry Raises $34M in Fresh Investment

FirstCry has raised $34 million in a fresh round from the Mahindra Group, Zurich-headquartered PE fund Adveq, Infosys co-founder Kris Gopalakrishnan and existing investors – IDG Ventures India, New Enterprise Associates, SAIF Partners, Temasek Holdings, Valiant Capital Partners and Vertex Ventures.

Alongside this round, the company has also acquired BabyOye from Mahindra Group for Rs 362 crore in cash and stock. Read More

Sports Platform Rooter Raises Angel Investment

New Delhi-based sports network platform, Rooter, has raised an undisclosed amount of angel investment in a round led by Bollywood actor Boman Irani. The round saw participation from Dhruv Chitgopekar, Partner, Kwan Entertainment, and Prantik Dasgupta.

Rooter has a mobile app that allows sports fans to connect and interact around a particular game. It was founded in May 2016 by Piyush, and Soham Sinha. It has under 10,000 installs according to Google PlayStore. Read More

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