Investments, News

Fundingwire – FinTech Startup Zestmoney Raises $6.5M Led by PayU & 8 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 – Zestmoney, Revv, Niki.ai, Vehico, THB, Look At Me, BookEventz, Netree and Tailslife.

Consumer Lending Startup Zestmoney Raises $6.5M Led by PayU

Bangalore-based consumer lending firm Zestmoney has raised $6.5 million in Series A round of investment. The round was led by PayU, which invested $3.7 million against a 20% stake. The company allows small loan facilitation for consumers, along with easy EMI options at partner merchants. It was founded in May 2015 by Ashish Anantharaman, Priyamvada Sharma and Elizabeth Lucy Chapman. Read More

Car Rental Platform Revv Raises $9M in Equity and Debt Financing

Delhi-based self drive car rental platform, Revv, has secured $9 million in Series A investment, out of which an undisclosed value is in debt. It had previously raised $2 million in seed funding in August 2015 from a group of angels. The firm was founded by Anupam Agarwal and Karan Jain in July 2015. Read More

Niki.ai Raises Rs 3Cr in Investment Led by Haresh Chawla

Bangalore-based AI chatbot startup, Niki.ai, has secured Rs 3 crore investment led by Haresh Chawla, Partner, India Value Fund Advisors (IVFA), with participation from existing investor Unilazer Ventures. Unilazer had previously invested undisclosed amounts in the company in October 2015 and May 2016.

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Niki.ai allows users to pay bills, book cabs etc. through a chat-based interface. It was founded in April 2015 by Sachin Jaiswal, Keshav Prawasi, Nitin Babel and Shishir Modi. Read More

Connected Cars Startup Vehico Raises Angel Investment

Bangalore-based Vehico, a firm that is building IoT solutions for vehicles, has raised an undisclosed amount in angel round of investment from Calcutta Angel Network and Appliyifi. It offers a fleet management and analytics solution to logistics, car rental and transportation firms. It was founded by Abhishek Chatterjee in December 2015. Read More

Healthcare Analytics Startup THB Raises Seed Investment

Gurgaon-based healthcare & clinical analytics firm THB, has secured an undisclosed amount in seed investment led by former executive of Nokia Ajith Sukumaran & Currae Healthtech Fund. The round saw participation from existing investor Fireside Ventures, and a few unnamed investors.

The firm offers automated data analytics for clinical researches and lab tests. It was founded in 2015 by Akansh Khurana, Rajesh Pachar, Rohit Kumar and Gagandeep Singh. Read More

Social Network for Fashionistas Look At Me Raises Seed Funds

New Delhi-based social networking app for seeking fashion advice, Look At Me, has raised an undisclosed amount of investment in seed round from Eros Labs. It allows users to upload their pictures, and get rated by their community on their look. It was founded by Nakul Kapur in June 2016. Read More

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Event Booking Platform BookEventz Secures More Angel Investment

Mumbai-based event booking platform, BookEventz, has yet again raised an undisclosed amount of angel investment led by Mumbai Angels, Girish Mathrubootham and Anbu Pandian. It had previously raised its first angel round in December 2015. It was founded in 2012 by Shriti Chhajed and Harsh Baid. Read More

Retail Management Tech Maker Netree Raises Pre-Series A Funding

Delhi-based cloud based management solution for retailers, Netree, has raised an undisclosed amount of investment in Pre-Series A round led by The Chennai Angels and LetsVenture. The company makes software that allows retailers to manage multiple stores, channels, inventory, payments etc. It was founded in April 2012 by Desi Valli. Read More

App for Pet Owners Tailslife Raises Angel Investment

Coimbatore-based mobile app for pet owners, Tailslife, has secured an undisclosed amount of investment in angel round, led by Mohan Kumar, Executive Director Norwest Ventures Partners India and V. Balakrishnan, Chairman, Exfinity Venture Partners. The round saw participation from Encube Venture Partners LLP, Satish Tembad, Vineet Jain, and Nishanth Ramkutty. It was founded in October 2015 by Balaji Ramesh, Prachi Gupta, and Dushyant Rao. Read More

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