Who Raised How Much from Ratan Tata and Singapore this Monday?
We are seeing many non-Indian entity getting in on the startups of India, like the University of California (surprise!)
Photo Credit : Yahoo News Singapore,
1. CureFit raises 3 million dollars from Ratan Tata, University of Cali and others
Bangalore based and founded Mukesh Bansal (Myntra founder and ex head of Flipkart’s ecomm platform) and Ankit Nagori (former CBO at Flipkart), CureFit Healthcare Pvt Ltd, has announced 3 million dollars ( approximately rupees 19.2 crore) from UC-RNT Fund, a joint venture between Ratan Tata’s RNT Associates and the University of California, USA.
The other participating investors were Gokul Rajaram, product engineering lead at mobile point of sale provider, Square; Aditya Agarwal (VP of engineering) and Ruchi Sanghvi (VP of operations) at file sharing app developer Dropbox, and Shishir Mehrotra, former VP of product, engineering and UX at YouTube.
2. MyGreens scores up to $1M for ‘cold press juicing’
MyGreens, a cold pressed juice company, said they have secured up to 1 million dollars of angel funding through fundraising platform, LetsVenture.
The round was led by Ajay Relan, founder of private equity group CX Partners and former chief executive of Citi Venture Capital International.
MyGreens, founded by Anurag Mishra and Rohan Gupta in September 2015, currently is available in around 200 stores. The brand now only available in Delhi NCR, is looking at to Mumbai; itt recently acquired rival JusDivine in Mumbai in a strategic move to aid this purpose.
3. Restaurant automator Devourin secures seed funding from Deepak Nathani
Devourin, a restaurant automation solution provider that also promises actionable insights for marketing, menu development and customer relationship building of restaurants has raised an undisclosed amount seed funding from Deepak Nathani for 20 percent of the comapny. Devourin offers a cloud-based platform for different kind of food businesses.
Deepak Nathani is founder of Relfor Labs. Prior to that he cofounded Cybage in 1995 and played a key role in steering the company from a 4 employee startup to a 6000 employee strong organization in a tenure spanning 21 years. Mr Nathani’s other invested startups include, Ethosh and Demyto.
4. Another omni-channel ecomm platform, Ace Turtle secures series A from Singapore
Ace Turtle, an omni-channel platform company has announced securing Series A funding from Singapore based Vertex Ventures and C31 Ventures, the venture capital arm of CapitaLand. Ace Turtle may end up securing more than 5 million dollars in this investment round.
Ace Turtle is a technology driven platform enabling web influenced commerce. The company claims its proprietary Omni-channel platform which comprises of technology, logistics and customer support enables brands and retailers to enhance their customers’ commerce experience. Ace Turtle’s clients include brands such as Puma, Ray-Ban, Max, Arrow, Flying Machine, Ed Hardy, US Polo, and Fossil.
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