Fundingwire is your dose of notable investment announcements in the Indian technology ecosystem. Firms which have recently funding include StalkBuyLove, Nykaa, Wittyparrot, Pinwi, GoMechanic, RupaiyaExchange and WealthApp.
StalkBuyLove Raises $6M in Series A
Fashion eCommerce firm StalkBuyLove has secured $6 million in Series A round of investment led by Kalaari Capital. The round saw participation from VCDE Venture Partners, TTM Holding AG, and a few existing investors. It was founded in 2013 by Tushar Ahluwalia, Nishrit Srivastva, Aashna Chopra and Shikha Ahluwalia. Read More
Nykaa Secures Fresh Investment from Max Ventures and Industries
Mumbai-based beauty eCommerce firm, Nykaa, has raised an undisclosed amount of investment from Max Ventures and Industries against a 1.99% stake. The company had last raised Rs 82 crore in September 2016. It expects to close Rs 320 crore in sales this financial year. Read More
Cloud Platform for Content Management Wittyparrot Raises Rs 3Cr
San Jose, California & Bangalore-based Wittyparrot, a firm that offers content management and productivity platform, has raised Rs 3 crore in a fresh seed round. The investment was led by Mumbai Angels Network, and saw participation from a few silicon valley based angel investors.
It offers a cloud-based platform for automation of enterprise content for marketing, sales and support. It had raised $1 million in its last round of external fundraising in July 2014. It was founded in 2012 by Anil Jwalanna and Rajesh “Raj” Setty. Read More
Parenting App Pinwi Raises Upto Rs 1.5 Cr in Equity Funding
Gurgaon-based data driven mobile app for parents, Pinwi, has secured Rs 1.2-1.5 crore in investment from 7 of its own users. It allows parents to map their children’s interests, and provides insights on better parenting. The investment raised has been from a group of ‘moms’ who were the beta users for its app. Pinwi was founded by Rachna Khanna and Ankit Kesarwani in February 2015. Read More
Automobile Service Booking Platform GoMechanic Raises $250K
Gurgaon-based automobile service booking firm, GoMechanic, has secured $250,000 in seed investment from Venture Catalysts. It allows users to discover and book automobile repair & maintenance service providers near them. It was founded in April 2016 by Amit Bhasin, Kushal Karwa, Nitin Rana and Rishabh Karwa. Read More
P2P Lending Firm RupaiyaExchange Secures $200K
Delhi-based P2P lending startyp, Rupaiya Exchange, has raised $200,000 in angel round of investment from a group of HNIs and professionals. It claims to have facilitated disbursement of over Rs. 9 crore in loans so far. It was founded by Rohan Hazrati in November 2015. Read More
Online Investment Advisory Startup WealthApp Secures Rs 3 Cr in Angel Round
Bangalore-based online investment advisory platform, WealthApp, has raised Rs 3 crore in angel round of investment from a group of investors. It provides a technology-enabled advisory and execution platform for users who are looking for saving and investment opportunities. It was founded in January 2016 by Gaurav Dhawan, Sanjay Gowda and Mitesh Shah. Read More