SmartPocket raises funding from Sol Primero and Rajiv Mehta SmartPocket has raised Rs 1-1.5 crore in a round of seed funding led by the investment firm Sol Primero and angel investor Rajiv Mehta, reports NextBigWhat. The startup will use the funding to change the UI and acquire users and business partners. The app works by connecting brick-n-mortar stores and business to customers for managing loyalty memberships and to send personalized offers. Users are also able to track their memberships, make inquiries, book appointments and make purchases with stores they have a membership. Currently the app partners Puma, People, Regal and Peter England as its partners and offers new merchants a 3-month free trial. Graphene Semiconductor raises Rs 4.95 crore in seed funding Bangalore based Graphene Semiconductor has raised Rs 4.95 crore in seed funding from the state government funded Karnataka Semiconductor Venture Capital Fund (KARSEMVEN). The company will use the funds to expand and scale up its operations. Founded in 2013 by Vilas Bhade, Shrikrishna Gokhale, Vinay Hebballi, Ravi Arora, Nandagopal Ananda and Pramod Sabnis, the company provides IC design services, software development and testing services, system design services, talent empowerment services and IP enablement services. It markets its services to customers in the semiconductor, embedded products and soft-IP business space and currently claims to have over 15 customers globally. IIT Bombay’s ‘10 Minute Million’ initiative funds six startups with 10 lakh Six startups including SnackExperts, CleverSharks and Faaya raised Rs 10 lakh in funding at IIT Bombay’s E-summit, through…
