Fundingwire is your quick dose of notable funding announcements for the Indian technology ecosystem. Firms featured in this segment include Vclusive, Koovs, Aermed, Lawrato and Trip Tap Toe.
Luxury Retail & Lifestyle Aggregator Vclusive Raises $6.3M
Omni-channel marketplace for luxury brands, Vclusive has secured $6.3 million in investment led by Hunch Ventures. The company offers an exclusive membership program, where its members get access to its website, app, and special privileges at various partner brands.
It is operated by California-based Vmobo, however has its entire user base in 6 Indian metro cities. It claims to have over 85,000 users on its platform, and has clocked $7 million in net sales till date. The company had acquired Bangalore-Based Binge for $3.5 million in October 2016. Vmobo was founded by Vinu Sundaresan. Read More
Fashion eCommerce Portal Koovs Raises Rs 59Cr in Investment
Fashion retail portal, Koovs, has secured Rs 59 crore in investment from its existing investors, with participation from new investor Mitchell Capital. This brings the total capital raised by the company to Rs 262 crore till date.
Along with the closure of the on going round, the company also signed an ‘equity against ad inventory’ deal with Times Group worth Rs 33 crore. The company had signed a similar pact with Times Group’s rival, HT Media, in June 2016. Read More
HealthTech Startup Aermed Secures Seed Funding
Mumbai-based online pharmacy & labs aggregator, Aermed, has raised an undisclosed amount of seed investment. The round was led by Hitesh Windlass, CEO, Windlas Healthcare, and saw participation from a few US-based angels.
The company also has a subscription model for patients with chronic illness, and claims to have about 2500 customers on the same. It was founded in October 2015 by Naishad Shyam Sutaria, Nandit Trilokinath Pathak and Aayush Jindal. Read More
Lawyer Discovery Platform Lawrato Secures Investment from IAN
New Delhi-based laywer aggregation & discovery platform, Lawrato, has raised an undisclosed amount of investment in Pre-Series A round from Indian Angel Network. It claims to have over 2200 lawyer profiles on its portal. It was founded in 2014 by Rohan Mahajan and Nikhil Sarup. Read More
Online Travel Portal Trip Tap Toe Raises Investment
Gurgaon-based travel portal, Trip Tap Toe, has secured an undisclosed amount of investment against 26% stake, from R.S Sharma, former Chairman and Managing Director of Oil and Natural Gas Corporation. The investment was made on Sharma’s behalf by his son, Nayan Parashar, who is now a director in the company.
The company aims to achieve a revenue of Rs 80-100 million in FY16-17. It was founded in 2008 by Manuraj Singh Johar. Read More