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Ratan Tata Invests in GOQii; Bharat Bazaar Gets Seed Funding; Remitr Bags $1M; Scandid Raises Pre-Series A Round; Nettlinx Secures $3M & More

Mumbai-based mobile protection and security firm AppsDaily Solutions Pvt. Ltd has secured $3.75 million from founders and existing investors to finance growth plans.

Photo Credit : ShutterStock,

Ratan Tata Invests Undisclosed Amount of Funding In Wearable Tech Startup GOQii

Ratan Tata has invested an undisclosed amount of funding in Mumbai-based wearable tech startup, GOQii. Founded in February 2014 by former Indiagames CEO Vishal Gondal, GOQii raised about $13.4 million in Series A round of funding led by New Enterprise Associates (NEA) and China-based Cheetah Mobile in November 2015. Also, it secured capital from Vijay Shekhar Sharma of Paytm and Neeraj Arora.

Online B2B Marketplace Bharat Bazaar Raises Seed Funding

Mumbai-based White Shadow Technology Pvt. Ltd that owns and operates online B2B marketplace Bharat Bazaar, has raised an undisclosed amount of Seed funding from BeeNext, TV Mohandas Pai, Kunal Shah and Sandeep Tandon (FreeCharge co-founders).

Other investors who participated in the round include Rohit Bansal and Kunal Bahl(Snapdeal co-founders); Anupam Mittal (co-founder, Shaadi.com); Amit Gupta (co-founder of Inmobi); Tracxn Labs and others. Founded in July 2015, Bharat Bazaar will use the newly raised funding to increase team size and presence across multiple Indian cities. Bharat Bazaar aims to target 50,000 active users by December ’16.

Global payments Platform Remitr Gets $1M in Seed Round from Vijay Shekhar Sharma & Others


Cross-border payments platform Remitr has reportedly raised $1 million in Seed funding from Paytm’s Vijay Shekhar Sharma; Pravin Gandhi, founder, Seedfund; UAE-based Smart Start Fund; Kunal Shah and Sandeep Tandon of Freecharge; Vishal Gondal, Nasreddine Benaissa, Laurent Nordin, Japan Vyas, Yezdi Lashkari, Nirmal Bhogilal, Singapore Angel Network, Operator VC, Germinators Fund, among others.

The newly raised funding will be used for product development and expansion into other countries.

Founded in 2015 by Kanchan Kumar, Sandeep Jhingran, and Sandeep Todi, Remitr is a digital money transfer platform that enables its users to make payments and remittances globally.

Mohandas Pai’s 3One4 Capital Invests Pre-Series A Round In Shopping And Savings Discovery App Scandid

Mohandas Pai’s fund, 3One4 Capital has invested Pre-Series A round of funding in Pune-based shopping and savings discovery app Scandid. The company’s existing investors -the smartphone maker Micromax and a few Silicon Valley-based investors also participated in the round.

The funding will be utilised to accelerate user acquisition, engagement and monetisation in the next 6-9 months. Also, a part of the money will be infused in expanding the current 30- member team, reported Inc42.

Internet Services Provider Firm Nettlinx Raises $3M From EXchange Investors NV And TransGlobal FZC


Internet service provider company Nettlinx that was foudned in 1999, has reportedly secured $3 million in funding from Netherlands-based EXchange Investors NV and Dubai-based TransGlobal FZC. The newly raised company will be used to enhance its client base in European companies in the industrial space.

Capillary Buys eCommerce Tech Firm Sellerworx To Strengthen Its Product Portfolio


Innoven-backed Capillary Technologies Pvt. Ltd, which offers customer relationship management software and marketing analytics for retailers, has acquired Sellerworx Online Services Pvt. Ltd for an undisclosed amount in a stock and cash deal to strengthen its product portfolio, as reported by LiveMint.

“Apart from offline retailers, we are now able to offer products to online sellers and marketplaces through one technology platform instead of them (sellers) using multiple channels,” said Aneesh Reddy, co- founder and chief executive, Capillary Technologies.

Sellerworx was funded in 2015 by Axilor Ventures.

Mobile Protection and Security firm AppsDaily Bags $3.75M

Mumbai-based mobile protection and security firm AppsDaily Solutions Pvt. Ltd has secured $3.75 million from founders and existing investors to finance growth plans, reported LiveMint.

The company has raised a total of about Rs 150 crore in earlier rounds of funding.

Founded by Arun Menon and Ajay Menon in 2009, AppsDaily develops and markets mobile applications in India and abroad.



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