IDG Ventures, an investor in Myntra which became one of Flipkart’s stakeholders after the company’s acquisition, is looking to sell its remaining 0.9 percent stake in Flipkart. It is looking to discuss with other investors for a stake sale.
This week 11 startups raised about $9 Mn in funding altogether (the funding amount is based on the startups that disclosed their funding amounts).
Startups That Raised Funds This Week
Touchkin: Proactive healthcare provider Touchkin raised $400K in seed funding from a group of angel investors including Alok Mittal, Amit Gupta, Anuj Srivastava, Himanshu Aggarwal, Raghunandan G, and Puneet Agarwal. The startup plans to use the raised funds to build its team, grow user base and run healthcare pilots in domestic and international markets for depression and diabetes patients.
SwitchMe: Fintech startup SwitchMe secured an undisclosed amount of funding from a group of investors including Mohandas Pai, Hiro Mashita and Singapore Angel Network.The round was an extension of an earlier round led by 500 Startups Rajan Anandan and Ajay Sarupria. The startup will use the newly raised capital to strengthen its technology and expand the service to more cities.
Babygogo: Child healthcare startup Babygogo raised $300K (INR 2 Cr.) in seed funding a group of angel investors including Rajul Garg, Dr Aniruddha Malpani, Daljit Singh, Aditya Vij, Salil Kapoor, Dr Kishore Kumar, Ashu Agarwal, Ashish Tulsian, Afsal Salu, Dr Shuchin Baja,j and Dr Ritesh Malik.
SchoolKart: An online marketplace for school products, SchoolKart, raised $300K from 12 angel investors, some of whom are prominent angel investors while, the others are HNI’s. The startup has over 25,000 products listed on its website, and claims to have a traction of up to 5000 visits per day.