Fundingwire is your quick dose of notable funding announcements in the Indian technology ecosystem. The firms which have recently raised investment include Rivigo, JustRide & Browntape
Truck Logistics Firm Rivigo Secures $75M in Series C
Gurgaon-based on road logistics firm, Rivigo, has secured $75 million in Series C round of investment from PE firm Warburg Pincus. The company operates across sectors, and will use the investment to enhance in technology, by investing in areas of – IoT, automation and data sciences. It was founded in August 2014 by Deepak Garg and Gazal Kalra, and had previously raised $41.5 million in total. Read More
Car Rental Startup JustRide Raises $3M
Mumbai-based self-driven car rental startup JustRide has raised $3 million in bridge round of funding. The investors which participated in the round include San Francisco-based Susa Ventures, Kima Ventures, Axan Ventures, London-based SCM Holdings and IT-Farm from Japan along with Y Combinator partners Justin Kan, Qasar Younis and Paul Bucche.
It’s working on smartcar technology under its product ‘Yabber’, to determine a user’s driving skills. It was founded in May 2016 by Ashwarya Pratap Singh and Abhishek Mahajan, and has in total raised $6.5 million. Read More
eCommerce SaaS Platform Browntape Raises Investment from Gati
Goa-based eCommerce SaaS platform Browntape has raised an undisclosed amount of investment from logistics firm Gati. Browntape provides solutions for retailers to manage their inventory across channels. It was founded in June 2013 by Piyush Goel and Gurpreet Singh Ahluwalia, and had raised seed investment from Seedfund Advisors and K Ganesh. Read More