With the startup frenzy, millions of dollars is continuously being pumped into Indian startups. Let’s read about the top 9 startups that have bagged funding in the past week.
EduPristine
EduPristine has bagged a massive funding of $10 million in a Series B funding round from a private equity fund Kaizen Management advisors and DeVry Inc., a US-based education company.
EduPristine is an online training provider for data analytics and financial sectors. They aim at bridging the gap between the industry and the academia. The company will use the funds hence raised to expand to more cities, increase the courses offered and improve technology.
BHIVE Workspace
BHIVE Workspace, Bangalore based co-working space has raised $1 million in the second round of funding led by Blume Ventures.
BHIVE Workspace provides a fully equipped workspace 24X7. They claim to cater over 150 ventures in Bangalore. They are implying to use the additional raised capital in establishing a strong base in Bangalore and expanding to other cities as well. They will also try to improve technology to enhance customer experience and attract more talent.
TaxiVaxi
TaxiVaxi, Delhi-based cab aggregating platform has managed to raise $500,000 (approximately Rs. 3.4 Cr) in the second round of angel funding.
TaxiVaxi aggregates self-drive cars/bikes, outstation cabs, radio cabs and car pooling. The company is presently providing services across 300 cities in India and has a user base of 15,000. They have planned to utilize the newly raised funding for expansion of services in the corporate travel segment and increasing workforce and technology development. With Ola and Uber already dominating the cab aggregating sector let’s watch how TaxiVaxi competes with these two giants.
Appie
Appie, a Mumbai-based tech platform has raised $1 million in a bridge funding round from three angel investors based in Europe and Mumbai.
Appie provides an online to offline commerce that enables users to find products available in their local stores and also compare prices. It is due to be launched this June thus the funding will be used to launch the startup and scale it.
Veqta
Veqta, a digital broadcast network has received $500,000 (approximately Rs. 3.3 Cr.) in seed round funding from sports management company ITW and an early-stage venture capital firm Chatsworth Management.
Veqta aims to cater the sport fans. It is dedicated to sports broadcast. It offers video-on-demand as well as live streaming. It plans on utilizing the funds to expand the team, get more content rights and enhance their technology.
i2iFunding
i2iFunding, online peer to peer lending platform has raised $300,000 (approximately Rs. 2 Cr.) from certain angel investors.
i2iFunding is an online market place that helps borrowers looking for unsecured personal loans meet lenders looking for high-return investment options. The firm claims to have 1200+ registered users. They mainly focus on salaried borrowers. The funds raised will be utilized for technology improvement geographical expansion.
SmartQ
SmartQ, Bangalore-based mobile app has raised $250,000 (approximately Rs. 1.7 Cr.) in pre-series round A funding led by YourNest Angel Fund.
SmartQ enables its users to order food at food courts, malls and corporate office complexes without standing in a queue. When the food is ready to be picked up the customer gets an alert. The company will utilize the newly raised funding to expand to more cities and also to develop technology for other verticals like retail and amusement parks.
PurpleHealth
PurpleHealth, Thiruvananthapuram-based on demand health care platform has raised $100,000 from Katabole Technology Venture.
PurpleHealth is a platform for health and wellness that provides an interface to schedule appointments, choose the right medical practitioners and set-up video & audio chats with doctors. They currently have a network of over 38,000 doctors and 4000 hospitals. They will deploy the funding raised in developing the PurpleHealth.com roadmap and strengthening the team.
Smartivity
Smartivity, an education technology based startup, has managed to raise a funding of $1 million (approximately Rs. 6.6 Cr) in a pre-series A funding round led by an early stage investment firm AdvantEdge Partners and the publishing house S Chand.
Smartivity is a Delhi-based startup which uses augmented reality to help children understand various concepts. Augmented reality is a technique which allows superimposing digital objects over real ones. They are planning on using the acquired funding in expanding their portfolio in STEM as well as augmented reality products. They are also planning on developing IoT-enabled toys and robot-led learning for kids.
