Investments, News

Fundingwire – Grocery eCommerce Startup urDoorstep Secures Rs 10Cr & 9 More Funding Updates

Fundingwire is a quick dose of notable investment announcements for the Indian technology ecosystem. The firms which have recently raised funding include – urDoorstep, Diro Labs, TYGR, ONN Bikes, Streo, Mr. Hot Foods, IndiaLends, Local Ramu, Mathbuddy and Tessol.

Grocery eCommerce Startup urDoorstep Secures Rs 10Cr in Bridge Round

Bangalore-based grocery delivery startup, urDoorstep, has raised Rs 10 crore in bridge round of investment. An unnamed HNI invested Rs 5 crore, and the remaining Rs 5 crore has been raised as debt from Lakshmi Vilas Bank. The firm had earlier raised Rs 2 crore in July 2016 from CP Murali.

It sources produce from 9,000 farmers and has its own fulfilment centre. urDoorstep was founded by former Jubilant Retail CEO Dinesh Malpani in September 2014. Read More

Contacts Management Startup Diro Labs Raises Additional $147K from Info Edge

New Delhi-based contact management software provider, Diro Labs, has secured $147,000 in investment from Info Edge. The company had raised $450,000 from Naukri.com’s parent in June 2016.

It offers a cloud storage and management solution for enterprises. It was founded in 2014 by Vishal Gupta, Sumeet Singh, and Nikhil Rai. Read More

Logistics Transport Aggregator App TYGR Raises $3M in Pre-Series A

Kolkata-based logistics transportation aggregator app, TYGR, has secured $3 million in a pre-series A round led by Franchise India. The company allows easy rental options for the desired vehicle type. It was founded in April 2016 by Dipanjan Purkayastha and Aditya Poddar. Read More

Bike Rental Platform ONN Bikes Secures Seed Investment from Grace Capital Ventures

Mumbai-based on demand bike rental platform, ONN Bikes, has raised an undisclosed amount in investment, in a round led by Grace Capital Ventures. It offers individuals and businesses (logistics, food delivery etc.) to lease bikes via its app. It was founded in October 2015 by Namit Jain and Shanky Munoth. Read More

Live Music Streaming App Streo Raises Funds

Gurgaon-based live music streaming app startup, Streo, has raised an undisclosed amount of investment from GEMs advisory and Quarizon. It allows users to stream music live from gigs and nightclubs globally. It was founded in December 2015 by Arush Dhawan, Prerana Dhawan & Pranav Trehan. Read More

Food Ordering Firm Mr. Hot Foods Secures Seed Investment

Indore-based food ordering firm, Mr. Hot Foods, has raised an undisclosed amount of seed investment from Pawan Raj Kumar. It aggregates restaurants on its platform from Tier-2 cities in India, and offers home-like meals. It was founded in 2014 by Pankaj Sharma and Achal Bansal. Read More

FinTech Firm IndiaLends Raises $4M Led By American Express Ventures

Delhi-based Financial services firm, IndiaLends, has raised $4 million in Series A investment from American Express Ventures, with participation from existing investors DSG Consumer Partners, Cyber Carrier VC and AdvantEdge Partners.

It offers a loan marketplace coupled with a credit-scoring and analytics platform. It was founded in March 2015 by Gaurav Chopra and Mayank Kachhwaha. Read More

On Demand Home Services Marketplace LocalRamu Secures Fresh Funding

Bangalore-based home services marketplace, LocalRamu, has raised an undisclosed amount of investment. The funds were raised from its existing investors and a couple of new angel investors. It had earlier raised an undisclosed amount in seed round in February 2016. It was launched by Santosh Tyagi in March 2016. Read More

eLearning Platform MathBuddy Raises Rs 3Cr

Vadodara-based eLearning platform, MathBuddy, has secured Rs 3 crore in investment from Menterra Venture. It provides interactive mathematics learning modules for students from class I to X. It was founded in July 2010 by Kannan Bharadwaj and Bharathy Bharadwaj. Read More

Cold Storage and Transportation Tech Maker Tessol Raises Series A

Mumbai-based cold chain tech maker, Tessol, has closed an undisclosed amount in Series A round of investment, from Infuse Ventures and Ankur Capital. The firm provides and is working on clean solutions for cold chain logistics, starting with the food transportation sector. It was founded in February 2013 by Rajat Gupta. Read More


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