Nazara has invested 26% stake in Mastermind Sports after a recent investment in London based gaming studio Truly Social
It enables shoppers to ask questions and seek product recommendation by just uploading a photo along with their question.
The fashion retail market in India stands at more than $100 billion and there are over 12 million brick-and- mortar stores in the country
Existing investors Sequoia India and Omidiyar Network also participated in the current round of financing.
The funding comes from Beenext, Stanford Angels, Letsventure, Chennai Angels, Hyderabad Angels, and Mumbai Angels
The current funds will be utilized for technological enhancements, enhanced driver On-boarding/Training and marketing and team building
The company claims to have over 50,000 app downloads and delivered more than 1, 25,000 rides
Yufta.com provides a personal stylist experience by curating major fashion trends in women category with aggregation of Local Fashion Stores.
Smytten will use this round of funding for enhancing user experience, product development and expanding both user and brand base. The company is going to pay special attention to artificial intelligence and algorithmically personalise offerings on their platform. Smytten is solving the discovery and engagement problem for both brands and consumers, creating a scalable online model.
Tork Motorcycles is focusing its efforts on creating practical electric mobility solutions for India. The startup is in the closing stages of the prototyping and certification procedures of India’s first electric motorcycle. Named T6X, the motorcycle is being developed as a serious electric option to petrol-engine motorcycles. Tork was founded by Kapil Shelke, a mechanical engineer.
Earlier this year, NestAway had raised an undisclosed round from Ratan Tata. NestAway had previously raised more than $13 million in capital over two rounds from marquee investors including IDG Ventures India, Tiger Global, Flipkart, Naveen Tewari & Kanwaljit Singh. Nestaway was founded by NIT Suratkal alumni Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev.
Other investors joining, includes SoftBank Capital, Cervin Ventures, Stanford StartX Fund and Penta Global. This new capital comes in addition to $6 million Series A round led by Softbank Capital in late 2014. EdCast is a knowledge network built to educate individuals, teams and organizations to get smarter with daily curated & contextual bite-size insights.