Our present day funding roundup compiles investments in an auto rickshaw aggregator, platforms forlifestyle product discovery, Bitcoin trading, professional recommendation, and a maker of electric bikes.
Paytm introduced Monday that it led the collection B investment of $10 million in Chandigarh-basedJugnoo. the auto-rickshaw hailing and hyperlocal shipping mobile app obtained $5 million from Paytm and the last from present investor Snow Leopard and a brand new investor named Rocketship.vc. At gift, the automobile-rickshaw aggregator and hyperlocal transport carrier provider operates in 30 cities and 11villages across the us of a, and has a community of around 10,000 automobile-rickshaw drivers.
Smytten, a discovery platform for top class way of life products, has acquired an undisclosed sum ofinvestment from Rajan Anandan, MD of Google India and South East Asia. The startup stated it’s going touse this round of investment to improving person experience and product improvement, apart fromincreasing its consumer and logo base, with a focus on AI and personalisation. founded by means of ex-Unilever and Google executives, Siddhartha Nangia and Swagata Sarangi – Smytten provides a curated discovery trial and shopping enjoy for over 80 domestic and international brands on its platform.
Indian Bitcoin trading platform Coinsecure announced a fund increase of $1.2 million (more or less Rs. 7.nine crores) as a part of its ongoing ‘collection A’ funding round, the company said it expects expectsto close the round soon. based in July 2014 by Mohit Kalra and Benson Samuel, Coinsecure launched its Bitcoin alternate on January 1, 2015. Coinsecure offers an algorithmic trading Bitcoin alternate, a Blockchain explorer, a ridicule trading platform for customers to try trading without actual cash, and a number of integrations with international partners.
Ratan Tata, chairman emeritus of Tata Sons Ltd, has reportedly invested an undisclosed sum in Lenskartsolutions Pvt. Ltd, because the company seems to elevate a further Rs. 400 crores in its modern dayround, so as to installation a manufacturing, processing, and meeting facility that can produce 20,000 pairs of eye glasses day by day.
Pune-based electric motorcycle maker Tork bikes has raised an undisclosed sum in angel funding from Ola founders Bhavish Agarwal and Ankit Bhati, other than a set of angels. founded by using Kapil Shelke, the startup said that the T6X motorbike might be the first Indian clever motorcycle, with functions like GPS, cloud connectivity, and phone charging.
Bengaluru-primarily based Tapchief, an internet platform for users in search of expert recommendation,won $a hundred and fifty,000 (roughly Rs. 1 crore) in funding from Paytm CEO Vijay Shekhar Sharma after winning the thoughts Batteries, Chase Your goals – Ideathon’ Contest. based in 2016 via Shashank Murali, the platform helps you to find an expert in a category of your choosing, and get a reaction within72 hours.
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Tags: Apps, Coinsecure, funding, India, internet, investment, Jugnoo, Lenskart, Smytten, Startups, Tapchief, Tork automobiles