Investments, News

Fundingwire – Payment Tech Startup ToneTag Raises Fresh Funds & More Funding Updates

Shown above - Tonetag founders

Shown above – Tonetag founders

Fundingwire is your quick dose of notable funding announcements for the Indian technology ecosystem. Firms featured in this segment include ToneTag, Curo Healthcare, Square Yards, GolfLAN, Iimjobs, Yottaasys and OnlineTyari.

Payment Tech Startup ToneTag Raises Fresh Investment

Bangalore-based sound led payments firm, ToneTag, has raised an undisclosed amount from a group of investors. The individuals who participated in this round include Nasscom foundation trustee Arun Seth; Manipal Global Education Chairman T.V. Mohandas Pai; Snapdeal’s ex-chief product officer Anand Chandrasekaran; Gencoval Strategic Services Pvt. Ltd chairman Deepak Ghaisas, and a few international investors.

In August 2015, it had raised $1 million from Reliance Capital, and this round is said to be bigger. ToneTag offers proximity based contactless payment solutions. It was founded in 2013 by Kumar Abhishek and Vivek Kumar Singh. Read More

Healthcare App Life in Control Raises Funds from RoundGlass Partners

Gurgaon-based healthcare app startup Curo Healthcare has raised an undisclosed amount of investment from RoundGlass Partners, for its app Life in Control. The app assists diabetics manage their glycemic status in collaboration with their doctors. It was founded in December 2015 by Amitabh Nagpal. Read More

Real Estate Aggregator Square Yards Secures $12M from Reliance Group

Gurgaon-based realty aggregator, Square Yards, has raised $12 million in investment from Anil Ambani-led Reliance Group. It had raised $11 million in pre-Series A funding from a group of investors in May 2015. It is a hybrid real estate consultancy, which is operational in 10 countries globally. It was founded in October 2013 by Kanika Gupta and Tanuj Shori. Read More

GolfLAN Raises $1M from YourNest and Africa’s ISON Group

New Delhi-based online golf community and marketplace, GolfLAN, has secured $1 million in investment from YourNest and Africa-based ISON Group. In May 2015, it had raised an undisclosed amount from YourNest in Pre-Series A.

GolfLAN allows golfers to book slots in over 1,000 courses across 40 countries, as well as discover golf equipment and trainers. It was started by Dhruv Verma in 2012. Read More

Recruitment Portal Raises $2M in Series A

Delhi-based online recruitment portal, Iimjobs, has raised $2 million in Series A round of investment from India Quotient, Tracxn Labs, Calcutta Angels and others. It was founded by Tarun Matta and Kishan Lal Matta, in August 2010. It claims to have observed 25% year-on-year growth in revenues. Read More

Data Science Startup Yottaasys Raises Angel Investment from Gleevoaz Ventures

Bangalore-based data science startup, Yottaasys, has raised an undisclosed amount of investment in angel round, from Gleevoaz Ventures. The investment would be used to build and scale its flagship product Decision Sciences Factor (DSF). It was founded in 2014 by Arun Pandey and Dinesh Krishnan. Read More

OnlineTyari Secures Rs 15 Cr from Michael and Susan Dell Foundation

Jaipur-based online test preparation platform, OnlineTyari, has secured an investment of Rs 15 crore from Michael and Susan Dell Foundation. This is a part of a current round of total size Rs 20 crore. The company offers a mobile app which provides vernacular content to students preparing for various competitive exams.

It was founded January 2014 by Vipin Agarwal and Bhola Ram Meena. OnlineTyari claims to have 3.5 million downloads and over 400,000 daily active users. Read More

Image Source – Entrepreneur India

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