Fundingwire is a quick dose of notable investment announcements for the Indian technology ecosystem. The firms which have recently raised funding include – Entropik, Sidqam Technologies, Affordplan, Pulse, ShopsUp, HandyTrain, MonkeyBox, Indofash and Carcrew.
Emotions Recognition Startup Entropik Raises $200K
Bangalore-based, emotions recognition tech maker, Entropik, has raised $200,000 in seed investment. The funding was raised from angel investors Dileep Bhatt, president of downstream operations, JSW Steel Ltd, and Milind Chaudhary, director, Sea Global Services Pvt. Ltd.
The company offers software to app developers that can track a user’s emotions, based on the data gathered from the device’s accelerometer and pressure sensors. Entropik was founded in February 2016 by Ranjan Kumar and Bharaj Singh. Read More
HealthTech Firm Sidqam Technologies Secures $1.2M
Noida-based healthcare tech firm, Sidqam Technologies, has raised $1.2 million in seed investment. The round was led by SQue Capital, and saw participation from Grace Capital Ventures and Soham Vencaps.
The raised amount would be used to scale its flagship product – Eventus, a cloud-based electronic health record management system. The company was founded in June 2015 by Qamar Siddiqui and Fardeen Siddiqui. Read More
Fintech Platform for Healthcare Affordplan Raises Rs 20Cr in Series A
New Delhi-based Fintech firm for healthcare space, Affordplan, has raised Rs 20 crore in Series A from Prime Venture Partners and Kalaari Capital. The company was a part of Kalaari’s KStart incubator, and had raised Rs 3 crore earlier this year.
It offers alternate financing schemes for non-emergency medical procedures, that allows users to manage and save their medical expenses. It was founded in May 2016 by Tejbir Singh and Hemal Bhatt. Read More
Social Networking App Pulse Raises $500K
Delhi-based Pulse, a social networking app which helps users to stay connected with college/school communities around them in a fun, visual way based on mutual interests, has raised $500,000 in a pre Series A round from SAIF Partners.
It was launched by Instalively founders, Karthik Vaidyanath and Prakhar Khanduja in late October 2016. It claims to have close to 12000 users. Read More
Hyperlocal Deal Discovery Startup ShopsUp Raises Rs 6.6 Cr
Bangalore-based location-based shopping app, ShopsUp, has raised a seed fund of about Rs 6.6 crore from managing director at VRL Logistics, Anand Sankeshwar and CEO of Taojinjia, Yang Shu.
It was founded in August 2015 by Suhas Gopinath. The app facilitates users to collect shots (points) by just walking into partner stores and redeeming these for free movie tickets, cab rides, spa and gift vouchers, etc. Read More
Mobile-Based Corporate Training Firm HandyTrain Raises $1M
Goa-based SaaS platform for employee training, HandyTrain, has raised $1 million in investment, from Silver Range Investments, Lumina Datamatics and a few angel investors, including Merrill Lynch Tokyo MD, Shun Yoshida; Seed Fund Founder, Mahesh Murthy; IDFC Bank’s COO, Avtar Monga and more.
The company was incubated by Prototyze, and was founded by Gourav Jaswal in 2015. Read More
Food Delivery Startup MonkeyBox Raises Seed Investment
Bangalore-based MonkeyBox, a firm which delivers healthy food for kids, has raised an undisclosed amount of investment in seed round. The investment was made by Blume Ventures, and a few HNIs. It was founded in October 2015 by Sanjay Rao, Sandeep Kannambadi and Vijay Bharadwaj. Read More
Ethnic Wear Marketplace Indofash Secures Rs 1Cr
Bangalore-based online marketplace for ethnic wear, Indofash, has secured Rs 1 crore in investment from angel investors – Shekhar Sahu and Nitesh Pant. The company focuses on making ethnic fashion available to the global audience. It was founded by Pallavi Mohadikar and Rahul Gayakwad in June 2016. Read More
Automobile Service Booking Firm Carcrew Raises $500K
Mumbai-based car service booking firm, Carcrew, has raised $500,000 in angel investment. The round was led by TVS Group, and saw participation from Punit Goyal, Rajesh Agarwal, Ketan Kothari. The company is working on mobile apps for both consumers, and businesses who want to get an entire fleet serviced. It was founded in August 2016 by Vikram Sharma and Vikul Goyal. Read More
Image Source – Pando