This week various significant investments took place in the burgeoning Indian startup ecosystem. The week also saw Freecharge raising INR 200 Cr in Series C funding from Sequoia.
Check out the startups that raised funds this week:
myNoticePeriod: IDG Ventures invested more than INR 2 Cr in the online recruitment startup myNoticePeriod. The Bangalore based startup plans to invest the seed funding in hiring and technology development. The platform is founded by Manjunath Talwar alongside his former Yahoo colleague Abhijit Khasnis.
FreeCharge: It raised INR 200 Cr. from Sequoia Capital, with Sofina and ru-Net also participating in the round. It plans to build up its transactional advertising offerings with this fund raise.
Culture Machine: The digital video startup Culture Machine raised Series A round of funding from Zodius Capital. The funding is said to be between $3.5-4 Mn. They are planning to invest the fund in engineering initiatives and international expansion.
edabba: The owner of the online shopping portal edabba,Omnipresent Retail Pvt Ltd has secured an investment from CCube Angels, a Singapore based early stage startup. It plans to invest the fund raise in setting up Trust points (kiosks) in Maharashtra and Karnataka.
ItzCash Card Ltd: The Mumbai based pre-paid card and payment solutions provider, raised $15 Mn in Series C funding from a group of investors from Asia.
This week, Affle, a mobile apps & ads as a service (MaaS) platform, acquired Noida-based Appstudioz Technologies Pvt Ltd, the company behind another MaaS platform Appstudioz. With this acquisition, Affle has announced that it will be setting up a R&D facility in India to help strengthen its mobile app & ads technology platform.
Apart from these, Unitus Seed Fund secured $7 Mn from various institutional and individual investors taking total fund size to $20 Mn. The investors plan to allocate the fund in 40 startups over a tenure of two year.
