Funding Galore: A look at Startups that Raised some Big Money this Week

Funding and acquisitions is getting significant attention from HNI(High Net Worth Individuals) investors in recent times. Many HNIs are looking at startups as an ‘alternative investment’ to the traditional route of mutual funds, listed stocks and deposits, the startups are taking full advantage of this opportunity by raising the much needed many. Have a look at startups that raised funding in the past week.

Workspot – Helion along with Silicon Valley funds TransLink Capital and Qualcomm Ventures has invested Rs 39 Cr. in this mobile enterprise startup. Its a workspace-as-a-service solutions that allows employees to seamlessly access business applications and data from any mobile device. The startup plans to use the raised funds for bringing 100 % cloud-based solution to more end users and IT administrators.

Boomerang Commerce – The startup raised $8.5 Mn in series A funding from Trinity Ventures, Madrona Venture. It provides a SaaS-based price optimisation platform to online retailers. It will use the funds to expand its engineering and go-to-market teams, and also to create more retail applications

Akara Research & Technologies– It raised undisclosed fund from RiverBridge Investment Advisors Pvt Ltd. It provides data solutions to corporates, banks and government. The firm claims that it systematically collates and analyses information from various sources for informed decision making.

News In Shorts – Times Internet, Flipkart co-founders, serial entrepreneurs Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra has invested in this startup. It offers a mobile-based service that aggregates news stories from across the globe and provides their essence within 60 words. It will use the funds mainly for marketing, product improvement and expansion.

Urban Ladder– It raised Rs 120 Cr in series B from Steadview Capital, SAIF Partners and Kalaari Capital. The new round of funding will be used by it to strengthen the team and recruit aggressively and also plans to expand the product range and service to 25-30 cities in India.

Capillary Technologies – It has raised $14 Mn  in Series B from Sequoia Capital And NVP. It is a cloud-based retail customer engagement management company. The funds raised in this round will be used for enhancing Capillary’s cloud-based integrated marketing platform and grow its partnership ecosystem.

Travel Triangle – Online travel marketplace, Travel Triangle raised Rs.10 Cr in a new funding round led by Saif Partners. It connects agents with best deals as per the customers travel needs. The latest round of funding will be used by the startup for team expansion and to build technology platform.

Datawind – It raised Rs.168 Cr. via IPO and has listed company shares on Toronto Stock Exchange. It is the maker of low cost tablet Aakash, and is aimed to bring internet to billions of unconnected people in the developing world. Datawind plans to use the raised funds for expanding business across emerging markets.

Acquisition

Buzzfactory – The startup got acquired by Qliktag, a US based mobile tech company. It will help Buzzfactory expand its existing services into the US and global markets through developing a stronger presence. It offers expertise in social media and the digital domain, it will continue with its core product.

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