Deals RoundUp: Zybo Tracking Solutions, Social Quotient, StalkBuyLove, eShakti, CheersOye!, PropTiger, PropRates, Trupay and Zilingo
Bangkok-based Indian eCommerce company, Zilingo has raised $8 million from Venturra Capital, Sequoia India and Susquehanna International Group.
Software Solutions Provider Zybo Tracking Solutions Raises Funding from Grasshoppers
Kerala-based software solutions providing firm Zybo Tracking Solutions that was founded in September 2015, has received an undisclosed amount of funding from Grasshoppers, a Netherlands-based company, as reported by The Hindu BusinessLine. The company will use the money for developing and marketing its app– Trackbizz — a cost-effective field force automation system, enabling managers to track their field force and manage their field activities on real time.It will help users with remote attendance, location tracking, expense tracking, task management, order notes, lead lists, work reports, and all other business related information.
Fashion Designer Anita Dongre to Back Startup Social Quotient
Mumbai-based Social Quotient that was founded by Samyak Chakrabarty and Deep Master, has raised funding from fashion designer Anita Dongre and her son Yash Dongre. The deal amount remained undisclosed. Anita and Yash have partnered with Milind Sarwate, founder, Increate Value Advisors for the investment, reported by The Economic Times. Social Quotient is a group of social enterprises in the domain of water, digitisation, social cause marketing, renewable energy, skill development, education, rural development, agriculture and e-governance.
Fashion Etailer StalkBuyLove Gets Funding from Fabindia’s William Bissell
Online Fashion Brand StalkBuyLove has raised an undisclosed amount of funding from ethnic retailer Fabindia‘s MD William Bissel, as reported by Times of India. The fresh investment is an extension of the e-tailer's last round of funding when it had raised about $1.5 million from Silicon Valley incubator 500 Startups and German venture fund Littlerock earlier this year. The company plans to use fresh cash to spur growth and improve its supply chain, fulfillment network and hire fresh talent in its design team.
Women’s Apparel Retailer eShakti Raises Fresh Funding from Two Investors
Chennai-based an online women’s apparel retailer, eShakti has raised fresh funding from two investors, a person familiar with the matter told VCCircle. The company, which targets the US and Canada and operates an Indian e-commerce unit under Zapelle, raised Rs 9 crore ($1.34 million) through a preferential allotment of shares. The round was led by an investment firm Infina Finance Pvt. Ltd and financial services provider Polaris Banyan Holding Pvt.
Social Gifting Platform CheersOye! Bags Angel Funding
iPanache Pvt. Ltd, which owns and operates social gifting platform CheersOye!, has raised angel funding from a group of affluent individuals, reported Techcircle. The company was founded in 2015 by Bhavna Lalchandani and Rahul Shrivastava, the startup currently allows users to gift dining and spa and salon experiences. It plans to add other categories such as jewellery and designer wear as well as fitness, travel and entertainment in the next few months.
PropTiger Buys Mumbai Based Realty Data Provider Startup PropRates
Online real estate firm PropTiger has acquired Mumbai-based startup PropRates, which provides data related to real estate transactions, for an undisclosed amount of funding.
The acquisition will enable PropTiger to provide consumers price-related information on the property market. Also, the company will introduce PropRates’ services first in Mumbai, followed by nine more cities.
This is the second acquisition by PropTiger. It had acquired Gurgaon-based augmented reality and 3D visualisation startup 3DPhy last month.
Gurgaon Based Fintech Startup Trupay Launches UPI Based Mobile Payment App
Gurgaon-based fintech startup, Trupay has launched a mobile payment app, based on Unified Payment Interface (UPI). The user needs to create a UPI payment ID on Trupay to make transactions. Users can select a mobile number on Trupay, add amount and pay. UPI-based payments removes all intermediaries in the process and payments are direct bank-to-bank and instant.
eCommerce Company Zilingo Raises $8M in Series A FundingBangkok-based Indian eCommerce company, Zilingo has raised $8 million from Venturra Capital, Sequoia India and Susquehanna International Group. The company will use the newly raised capital to capture new markets such as Indonesia and increase presence in Singapore and Thailand by on boarding more sellers.
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