Weekly Funding RoundUp: VantageCircle, YepMe, Grey Orange And More…

Online privilege platform VantageCircle raises Rs 1.2 Cr

Delhi based, VantageCircle.com, an exclusive online privilege platform for corporate employees, has raised Rs 1.2 Cr from group of Angel investors, led by Raghu Bathina of Hyderabad Angels. The startup plans to use the new funding round for scaling sales activities, and developing a mobile app for its service.

VantageCircle currently offers corporates like Infosys, Wipro, HCL, Novartis and GE, hand-picked shopping privileges from over 950 national and international brands. It provides a platform where the users can engage with various brands via various mediums like exclusive deals, mailers, contests, etc.

“On this platform we have a range of exclusive privileges across varied categories and segments, offered to employees. Be it dining, holidays, hospitals, utilities or insurance, we currently provide 400-plus hand-picked privileges which are specially personalised and customised as per employee demographics, usage and preferences,” said Partha Neog, CEO, VantageCircle.

Vantage Circle was founded in 2011 by Partha Neog, KC Ramakrishna and Anjan Pathak, it was previously known as TheDealspoint.

Edu startup Foradian raises funding from Fabindia CEO William Bissell

Enterprise software solutions startup for education institutions, Foradian has raised $2 Mn funding from William Bissell of Fabindia. The  fund will be used to enhance Fedena, adding more features and opening up new channels for the product on the global platform.

Unni Korth, CEO of Foradian says, “Adoption of Fedena in educational institutions has grown explosively over the last few years. This funding will allow us to expand our team, improve the product further and scale for future growth. It will also give a fillip to our vision of building an ecosystem around Fedena. William will be an invaluable addition to the board as we target to be a billion dollar company by the year 2020.”

Its flagship product Fedena is a complete student information system in cloud, with more than 40,000 schools and colleges utilising it in over 100 countries all over the world. The open source version of the software has been downloaded more than 65000 times till date.

Helion Venture Partners invests in YepMe

Online fashion retailer, YepMe has raised  has raised additional funding from existing investors, including Helion Venture Partners, says reports. The money raised will be used by the company for building the brand and boosting growth.

Founded in 2010 by Sandeep Sharma, Vivek Gaur and Anand Jadhav, YepMe is doing  close to 250,000 parcels and 400,000 products every month. Recently, it had launched YepMeWorld.com to target the global market. “We are very excited about Yepme not only because of the business but also for the team it has assembled,” said Ashish Gupta of Helion Venture Partners.

Interior Design Marketplace Nestopia raises funding

Mumbai based, online interior design marketplace, Nestopia has raised undisclosed amount in funding from  plywood maker Century Plywood.The company plans to use the funding raised to launch a new mobile app and create an ecosystem of interior designers.

Founded in late 2013 by Harsh Jain, Nestopia connects its website visitors to interior design experts, products and designs.

Blume Ventures & Tiger Global invests in Grey Orange Robotics

Gurgaon based robotics startup Grey Orange has raised an undisclosed sum in a Series A round of funding led by Tiger Global and Blume Ventures Advisors. The round also saw participation of  Alok Rawat and Dileep Nath. According to reports, the startup has raised over $10 Mn  in this round which it primarily be infusing for hiring talent, scaling up research and development (R&D) operations and for global expansion.

With the investment, Sanjay Nath will join the board of the company.

Headquartered in Singapore, Grey Orange was founded by Samay Kohli and Akash Gupta in 2009, it builds robots and assisting systems to manage warehouses.