Funding Galore: A Look At Startups That Raised Funding This Week

From online diagnostic ventures to startups for test drives, funds were secured in huge amounts by startups the passing week. Moreover, the IT and BPM bandwagon is having a great appetite to invest in startups related to tech space.

Have a look at the startups which raised funds –

Haptik: Smartphone application, Haptik raised $ 1 Mn in funding led by Kalaari Capital. The company plans to allocate the fund in user acquisition, building the chat experts team, engineering, and business development. Further, it will be also investing in team building.

Quikr: It raised $60 Mn in a funding round led by Venture Capital Firm – Tiger Global Management. Its existing investors Kinnevik, Matrix Partners India, Nokia Growth partners, Norwest Venture Partners, Omidyr Network, Warburg Pincus and eBay Inc. also participated in this round. As per reports, Quikr is now valued at over $400 Mn.

DoctorC: DoctorC, a Hyderabad based online diagnostics services aggregator, raised INR 2.5 Cr from California based Leviathan Investments. Splice Advisors and Indian Angel Network member Sanjay Jesrani, founder and CEO of Go North Ventures also participated in the funding.

Power2sme: Power2sme, a ‘Buying Club’ for SMEs in India secured INR 42 Cr. in Series C round of funding led by its existing investors, Accel Partners, Kalaari Capital and Inventus Capital. Gurgaon based B2B ecommerce company is expected to cross INR 200 Cr. turnover mark this fiscal.

TargetingMantra: TargetingMantra raised $1.1 Mn in seed funding led by 500 Startups, Nexus Venture Partners, and One97 Mobility Fund. The funds raised will be used to further develop its offering, create new products, and boost business development and marketing.

FirstRide.in: FirstRide Auto Pvt Ltd, an online portal for customers to book test drive with various car brands secured an undisclosed amount in funding from Teja Govind, director of Hyderabad-based Sreemitra Townships Pvt Ltd. The funds will be used to organise test drive festivals in Bangalore, Chennai and Hyderabad.

Altizon Systems Pvt Ltd: It received undisclosed amount in seed round of funding led by The Hive India. It is a Pune based Big Data-focused Internet of Things (IoT) startup. The round also saw participation from Infuse Ventures and Persistent Ventures for the funding. The funds will be used to expand its India and US operations, besides scaling its core team.

MyLabYogi.com: Hyderabad Angels and Lead Angels invested in Mumbai-based Infolink Health Services Pvt Ltd, the company behind the online diagnostic services platform. The funds raised will be used to expand its reach within the city and improve logistics infrastructure.

Nearify: It raised fund from Seedfund Advisors and India Quotient, with participation from Bedrock Ventures, a seed- and early-stage investor. Nearify is a event discovery app. It plans to expand operations in US and other countries next year

Clonect Solutions: Bangalore-based compliance ERP provider Clonect Solutions raised INR 1.5 Cr. in a round of funding led by V Balakrishnan and TV Mohandas Pai who are former Infosys CFOs and board members.

Nanobi Data and Analytics: Firstsource Solutions, a BPM company presided by Sanjiv Goenka, invested in the Bangalore based analytics firm Nanobi Data and Analytics. Nanobi has created an app store called Analytics Tree that has a predefined analytics app to suit the requirements of small and medium businesses.