With 10 startups raising about $44 Mn in funding altogether and 3 startups getting acquired, this second week of June went pretty interesting for the startup ecosystem in the country.
Faircent: Gurgaon-based peer to peer lending platform Faircent raised pre-Series A round of $250Kfrom M&S Partners Pte. Ltd at an enterprise valuation of $8 Mn. The startup will infuse the funds to strengthen technology, talent and brand.
PayMango.com: Former CTOs of PayU and Zomato have raised around $234k (INR 1.5 Cr) angel funding for its soon-to-launch mcommerce marketplace for local traders. The startup also has plans to raise another $1 Mn (INR 6.4 Cr) in a month.
Printland.in: New Delhi-based online printing solutions startup raised an undisclosed amount of funding from SIDBI Venture Capital Ltd. Printland Digital India Pvt Ltd, that runs printland plans to infuse the funds in business’ growth, better customer experience through investment in technology, launch of new products and acquisition of new clients.
AdStringO : Mumbai-based mobile compression software company, has raised $350K from Indian Angel Network to strengthen its research and development team in order to discover other new useful possibilities and further build on its advanced and robust technology solutions as well as increase marketing awareness about its revolutionary product.
Guiddoo: Mumbai-based mobile tour guiding app raised undisclosed amount of seed funding from a group of angel investors. Guiddoo’s mobile app provides in-depth and highly researched audio visual guide for world’s famous monuments and attractions.