5 Startups Looking For Seed Round of Funding
The seed funding is needed for research & development, to cover initial operating expenses until a product or service can start generating revenue, and to attract the attention of VCs (venture capitalists).
Seed capital is the initial capital used to start a business. The amount of money is usually relatively small and is needed to get most businesses off the ground. This type of funding is often obtained in exchange for an equity stake in the enterprise, although with less formal contractual overhead than standard equity financing. The seed funding is needed for research & development, to cover initial operating expenses until a product or service can start generating revenue, and to attract the attention of VCs (venture capitalists).
Here is a list of startups that are looking to raise seed round for their growth purpose.
Startup Name : Mr. Hot Foods
Location : Kota
Founders : Pankaj Sharma (B. Tech Civil Engineering, IIT Kharagpur, 2013); Achal Bansal (B. Tech Civil Engineering, IIT Kharagpur, 2013)
Founded In : January, 2014
Description : Mr. Hot Foods is a chain of premium Indian Food Dine-In outlet/ Take away and Delivery currently serving in Kota and Indore. Customer can either place on-demand order or subscribe for regular subscription to save hassle of everyday ordering. The startup started with its own production center in Kota. It has one take away center in Kota. The company is operating in Indore on franchise model. Mr. Hot Foods operated in Jaipur for 1 year on franchise model but stopped operations now.
Traction : Mr. Hot Foods processes 800 meals per day in Kota and 200 meals per day in Indore. Till now it has served 5.5 lac + diets.
Startup Name : Bingage
Location : Indore
Founders : Gaurav Padiyar (Founder & CEO)
Founded In : February 2016
Description : Bingage is a recommendation sharing social platform that helps you find “Yaha Best Kya Hai” through friend’s recommendation whether it’s delicious food, trending fashion or exciting places. And every time you wow someone with your recommendation, you get cash Rewards which can be used for free shopping at restaurants, Salon, fashion outlets and numerous E-com stores.
Traction : The startup’s app has received 500 Downloads in 60 Days and 100 Merchants on board for rewards including McDonalds & Faasos as well as more than 1000 Post shared of over 150 Outlets of Indore till date.
Startup Name : Alagrand.com
Location : Ahmedabad
Founders : Mitesh Shethwala ( M.B.A - Marketing,Information Technology - Engineering)
Founded In : December, 2015
Description : Alagrand.com is Gujarat's First Fashion eCommerce Marketplace for Local Brands & Designers to sell their products online. Alagrand is combination of Snapdeal & Myntra. Snapdeal has around 3 Million Vendors (Anyone can sell on Snapdeal) while Myntra has only 2000 Vendors (Exclusive Fashion Brands). Alagrnad wish to be Exclusive Fashion Portal with Million+ Vendors.
Traction : Alagrand.com has 15+ Registered Brands, 5000+ SKUs, 25000+ Live Inventory of products committed by vendors from 20+ Product Categorywithin 6 month of operation. Its Brand Partners are adding 300-500 Products daily price ranging from Rs. 300 to Rs. 1,50,000.
Startup Name : E-Health Solutions Pvt Ltd.
Location : Ghaziabad
Founded In : April 2016
Founders : Ayush Bhargava , Jaskirat singh.
Description : RespireFit (Online Fitness Portal/Fitness Center Directory), division of E-Health Solutions Pvt Ltd provides a common platform for all fitness enthusiasts over internet in India and source information about all fitness related issues. The startup helps fitness enthusiasts discover various fitness options and various fitness centres around them like gyms, yoga, crossfit, martial Arts, Zumba and buy gym memberships, Dietary Supplements and machinery equipments.
RespireFit focuses on the quality of everything you do in health and fitness. RespireFit is wellness mentors, providing support and motivation to help you achieve any goal.
Traction : As of now the startup has more than 700 clients from DelhiNCR, Chandigarh and Jaipur. The firm is also planning to launch its Mobile App as well as looking its expansion in Mumbai, Pune and Bengaluru.
Startup Name : WedLista
Location : Mumbai
Founded In : December 2015
Founders : Nishat Mukaddam, Founder & CEO; Dinesh Malhotra, Co-Founder & Director; Vishal Sakpal, Co-Founder & Director
Description : WedLista is a team of passionate people who understand that wedding shopping can be a thrilling as well as an exhilarating journey. The startup’s endeavor is to minimize the hassle that a bride-to-be/groom-to-be, their families and even their friends go through. It is a platform where a family who is planning a wedding can find all what they need in fashion right at their fingertips. WedLista’s vision is to be the most customer-centric brand by giving our customers the best of fashionable products at competent prices with quick deliveries and trusted customer service.
Wedding, Social Shopping and Fashion are the three building blocks of WedLista. It aims to bring together all those who are involved in a wedding and let them cherish the experience of shopping, understand latest trends in fashion for ethnic wear, offer support and help them style for the wedding
Traction : The startup already has more than 30 sellers onboard to sell on WedLista.com though its launch is scheduled for 3rd week of June 2016. These sellers include manufacturers, wholesalers, handicraft manufacturers, designers and boutique owners. WedLista got 60K website visits so far on the site without any kind of promotion on its blog and have more than 15K followers on Facebook and 10K+ followers on other social media platforms.
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