Latest roundup look at startups that received funding over the course of the week sees late stage investments in startups targeting the SME sector, retail banking and big data, as well as seed investments in photo curation, social networking and on-demand concierge services. Sjain Ventures, your digital companion at every step has determined the Roundup and summarized the major crowns.
Venture Catalysts, an India-based seed investment platform dislosed on Monday its $150,000 (roughly Rs. 1 crore) seed investment in Noida-based SIFTR Labs. Founded in 2015 by Romil Mittal and Mayank Bhagya, SIFTR Labs aims to assist photographers in managing their photography with a self-updating photo website that curates digital images using machine learning.
Gurgaon-based Power2SME, a B2B group buying marketplace targeted at small and medium enterprises has reportedly raised around $20 million (roughly Rs. 140 crore) from Nandan Nilekani, with participation from existing investors Accel Partners, Kalaari Capital and Inventus Capital. Founded in 2012 by R. Narayan, Power2SME reportedly has over 30,000 SMEs on its platform.
Gurgaon-based on-demand concierge service startup, Qlivery, has reportedly raised an undisclosed amount of funding from Chandigarh Angels Network. Founded in 2015 by Karan Saharan, Chetan Agarwal, Sonal Saraogi, Shivani Agarwal and Rohit Pansari, the startup plans to scale its operations and enhance the implementation of AI, while providing assistance to customers. The service costs Rs. 75 for the first five kilometers and Rs. 5 per kilometer after that.
Electronic Payment and Services, (EPS), a retail banking technology and automated teller machine (ATM) services provider, has received a $25-million (roughly Rs. 169 crore) funding from UK-based Apis Partners. The funding is reportedly in exchange for a minority stake and board representation in the company.
Big data-as-a-service company Qubole announced that it has closed a $30 million (roughly Rs. 203 crores) Series C financing round led by IVP. Existing investors CRV, Lightspeed Venture Partners and Norwest Venture Partners invested additional capital into the company as part of the financing. Headquartered in Mountain View, with an office in Bengaluru, Qubole will use this funding to expand the availability of its a self-service platform for big data analytics, which now rocesses 250+ petabytes of data each month.
Ahmedabad-based PlexusMD a social networking platform for doctors has reportedly received the backing of Arihant Patni and Avnish Mehra. Founded by IIM grads Dr. Rohan Desai and Binal Doshi, the platform reportedly has over 15,000-plus registered doctors.
Whats On Rent
Bengaluru-based online rental platform, Whats On Rent has reportedly raised an undisclosed amount of angel funding from Lalit Mangal, Co-founder of CommonFloor, and Neeraj Gupta, co-founder of Excubator. Founded in July 2015, the startup provides home appliances, computers, furniture, camping, fitness and medical equipment on rent.
Workforce management software provider Applicate, has reportedly raised $1 million (around Rs 6.8 crore) in angel investment from a group of high net worth individuals. The Bangalore-based company will reportedly use the funds to further develop Trade GINI, its mobile based e-commerce platform for offline retailers and online sellers.
Gurgaon-based wellness outlets chain Gajty has reportedly secured an undisclosed amount in seed funding from US-based venture capital firm Purvi Ventures. The startup has been operational since in October 2015, and offers apps for users and merchants on the Play Store. It currently operates in Gurgaon with around 60 outlets, including spas and salons, and claims to have processed over 15,000 orders.
Sjain ventures, a dignified name in Digital Marketing has made notable share in online marketing in the state with its auxiliary expertise in IT, Media and its other aspects. If you are a startup or in the verge of becoming a defunct enterprise don’t gloom in, just let your spirits fly high and march straight towards Sjain Ventures and we will give a hand in transforming your reveries to reality.