Stay Ahead With Daily News & Analysis on India’s Tech & Startup Economy
This week was filled with a series of investments and funding news. Loads of company managed to raise the much needed money they wanted for expansion. Approximately Rs 350 Cr was raised last weeks by different companies.
Virtual Power Systems(VPS)– This US Based startup founded by an Indian entrepreneur raised $4Mn (Rs 24 Cr) from Exfinity fund. VPS has a virtualization solution for power and it has a simple motto to provide Simple, Reliable, Efficient solutions. It will be using the fresh money to accelerate product development, execute initial go-to-market activities and expand global channel partnerships.
Careers360– Its raised Rs 6 Cr In Angel Funding From Billionaire Ranjan Pai & Others. It is a student community and career counselling platform, which aims to help students take informed decisions. It will be using the new round of funding to launch the education marketplace called Mycareers360.
BookMyShow– It raised a whoopingRs 150 Cr funding round of from Saif Partners, and is now Valued At Rs 1000 Cr. It plans to infuse the new round of funding in hiring talent and for expanding in business in smaller towns.
Paladion– This startup raised about $10 Mn (Rs 60 Cr) From Nadathur Holdings. It is one of the leading IT security solution company in Asia and founder Raghavan sees tremendous potential in the company and wants to see it as a global company. It will be investing in enhancing its cyber security intelligence platform and building cloud security services platform.
Shoppirate.in – A online coupon platform, Shop Pirate raised Rs 50 lakhs from India-based financing firm Confidance Holding Pvt. Ltd. The funding will help Shoppirate.in to expand its roots in the realm of digital coupon distribution.
Keep following Inc42 for more news and great stories from the startup-verse.
