Fundingwire is your quick dose of notable funding announcements in the Indian technology ecosystem. The firms which have recently raised investment include Bizongo, EasyPolicy, Medzin, vImmune and The Gourmet Jar.
B2B eCommerce Marketplace Bizongo Raises $3M
Mumbai-based B2B marketplace, Bizongo, has raised $3 million in investment from IDG Ventures & existing investor Accel Partners. The company was started in November 2014 as a marketplace for plastics & chemical industry verticals, however at present it deals mostly in plastic products & packaging materials for different sectors.
It was founded by Ankit Tomar, Aniket Deb and Sachin Agrawal, and had raised an undisclosed amount of seed investment from Accel Partners in October 2015. Read More
EasyPolicy Secures $8-10M from Unilazer Ventures & Burmans
New Delhi-based online insurance player, EasyPolicy, has secured investment in the range of $8-10 million from Unilazer Ventures and Burman family office. The fresh investment would be used to expand its reach in tier-II and tier-III cities, and to roll out new products. It was founded in April 2013 by Divyanshu Tripathi and Alok Bhatnagar. Read More
Healthtech Startup Medzin Raises $40K in Angel Funding
Delhi-based mobile healthcare startup, Medzin, has secured $45,000 in investment from existing angel investor A M Sikander, Owner, Sitics Logistic Solutions. It operates an app which acts as an online store for medicines & healthcare products. It was founded by Vishnu Shankar, Madhav Shankar, Raghav Sarda and Suyash Mohan. Read More
Immunisation Tracking Startup vImmune Raises Angel Funding
Bangalore and Dallas-based immunisation management app vImmune has raised an undisclosed amount in angel round from a radiologist. It has also been selected for Facebook’s FbStart program & will received upto $40,000 worth Facebook credits. It was founded in March 2016 by by Ashutosh Prasad and Vivek Prasad. Read More
Packed Food eCommerce Venture The Gourmet Jar Secures Seed Investment
New Delhi-based gourmet food eCommerce venture, The Gourmet Jar, has raised an undisclosed amount in seed round of investment. It was founded in 2012 by Apeksha Jain, and offers a range of artisanal jams, mustards, relishes, preserves etc. It aims to increase its sales through its website and other online channels. Read More