Angel investors including Anisha Mittal, Amit Gupta, Dr. Ritesh Malik, Pallav Nadhani, Lalit Mangal, Arihant Patni, Deobrat Singh, Samir Bangara, Saurab Paruthi, and Singapore Angel Network also participated in the round. The funds will be used for developing the application and for building a team.
Launched in 2015, 360Ride aims to create a strong pool of like-minded verified commuters by becoming an alternative mode of urban transportation. The startup will use the fund for marketing initiatives. The company claims that it is doing around 50 rides per day with a total of 3000 rides till date.
With the investment, Goldman Sachs acquired a minority stake in SAMHI Hotels, a hotel asset startup that specialises in development, acquisition and ownership of branded hotels. SAMHI Hotels plan to use the funds to expand growth and acquisitions and will open 10 properties in next 12-18 months.
IIM Ahmedabad’s technology business incubator, Centre for Innovation Incubation and Entrepreneurship (CIIE) has invested an undisclosed amount in WIMWI Foods. Angel investors Siddharth Jain and Dinesh Bindal also participated in the round. WIMWI Foods was founded by Kanupradeep Subramanian and Srishti Shaw.
The funds raised from the crowd funding site Kickstarter, will be used to pay the contributors and for app development, testing and listing. The company has raised $250K in angel round. Bulbul apps launched Tuk-Tuk goes to Mumbai a month ago and now Tuk-Tuk goes to Hyderabad will be launched.
Snapdeal’s Kunal Bahl and Rohit Bansal, Zomato’s founder Deepinder Goyal and Ashish Dhawan who co-founded ChrysCapital also participated in the funding round. The raised funding will be used for marketing activities and starting a production facility in Madhya Pradesh by March this year.
Ronnie Screwvala along with Ashok Mittal, Rishi Parti, Dheeraj Jain and Abhijeet Pai also invested in the Gurgaon based startup. The funding will be used to expand the product offerings, upgrade technology and strengthen team. The startup had raised an early stage funding from India Quotient in 2013.
Rahul Yadav’s startup, Intelligent Interfaces aims to provide tech solutions to the Government and enhance efficiency in the processes. The company had earlier raised a seed funding from Flipkart’s Sachin and Binny Bansal. Rahul Yadav had earlier said that he wants to avoid institutional funds.
Founded in 2015, this startup draws inspiration from its parent company Autoninja. Bumper, spearheaded by Akhil Gupta, plans to use the fund in building a house of technology experts in solving all car related problems. Bumper helps consumers get accurate quotes for any dent, paint or repair work.
The funding round was led by Rishi Parti and US-based venture capital firm, BrahmaX Ventures. The raised funds will be used for research and deployment of the product. The company which engages patients through audio and video and offers treatment in 15-30 minutes, is planning to raise more funds.
The investment was made at a pre-money valuation of Canvera at about Rs. 75 crore. Bangalore based Canvera, founded in 2007 lets users hire professional photographers based on location and occasion. The startup also provides photo printing solutions like photo books and coffee table books.
The company will utilize this funding for strengthening the team, improve product management and order fulfillment. The startup was conceptualized by Neerav in August 2015 and was launched in late September. Currently the company is operating from Gurgaon and covering only Delhi and NCR region.