Investments, News

Fundingwire – Mobile Gaming Startup PlaySimple Games Secures $4M & More Funding Updates

Playsimple Team

Shown Above – Team PlaySimple Games

Fundingwire is your quick dose of notable funding announcements for the Indian technology ecosystem. Firms featured in this segment include PlaySimple, GoZefo, GramCover, Active.ai, Scienaptic and ElasticRun.

Mobile Gaming Startup PlaySimple Games Secures $4M

Bangalore-based mobile gaming startup, PlaySimple Games, has raised $4 million in Series A round of investment led by SAIF Partners and IDG Ventures India. The mobile games maker had raised $500,000 in seed investment from IDG Ventures India and Yezdi Lashkari, in December 2014.

It was founded in July 2014 by Siddharth Jain, Preeti Reddy and Suraj Nalin. Read More

Cloud-Based Healthcare Startup Stasis Labs Secures $5M

Bangalore and Los Angeles-based healthcare tech firm, Stasis Labs, has secured $5 million in investment. The round was led by RTP-Healthcare Ventures, and saw participation from Wonder Ventures, Techstars Ventures, and others. The startup has built a cloud-connected vitals monitoring system for patients. It was founded by Dinesh Seemakurty and Michael Maylahn in 2015. Read More

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Second-Hand Goods Marketplace GoZefo Raises $6M in Series A

Bangalore-based second-hand goods marketplace GoZefo, has raised an additional $5 million in Series A round of investment from Sequoia India. It had recently closed $1 million from Beenext and existing investor Helion Ventures.

The firm was founded by Arjit Gupta, Rohit Ramasubramanian, Himesh Joshi and Karan Gupta in August 2015. Read More

Yet to Be Launched Insurance Marketplace GramCover Raises $1M

New Delhi-based GramCover, a firm which is building an insurance marketplace for rural areas, has raised $1 million in investment from Omnivore Capital. The company was founded in March 2016 by Neelam Kumar Gupta, Rishi Raj Vashisht and Nalin Rawal. Read More

Active.ai Raises $3M from Kalaari Capital & IDG Ventures India

Bangalore-based & Singapore-registered conversational banking startup, Active.ai, has secured $3 million in investment from Kalaari Capital and IDG Ventures India. The company builds chatbots for financial institutions, mostly banks.

It was founded earlier this year by Ravi Shankar, Shankar Narayanan and Parikshit Paspulati. Read More

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Analytics Startup Scienaptic Raises Investment

Bangalore & New York-based analytics firm, Scienaptic, has raised an undisclosed amount of investment from Genpact founder, Pramod Bhasin. The firm was founded in May 2014 by Pankaj Kulshreshtha. It assists companies in decision making using big data analytics. Read More

Logistics Startup ElasticRun Bags $2M from Kalaari Capital and Norwest Venture Partners

Pune-based logistics startup, ElasticRun, closed $2 million in investment from Kalaari Capital and Norwest Venture Partners in May 2016. The logistics technology firm was valued at $7.25 million post money at the time of closing of the deal.

It was founded in April 2015 by Shitiz Bansal, Sandeep Deshmukh and Saurabh Nigam. Read More


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