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Funding Roundup: LoanBaba, CityFlo, PayTunes & more


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startups

LoanBaba raises $320,000

Consumer lending marketplace LoanBaba has raised $320,000 in seed funding from an unnamed angel investor, reports iamwire. The funds will be used for enhancing the technology in the company and also for marketing.

Founded in August by Sanket and Satchit Hasabnis, Loanbaba is a Mumbai-based online marketplace which checks users’ bank statements and the amount of loan required and guides them by offering comparison of rates available in different banks across categories such as home loan, personal loan, unsecured business loan and loan against property.

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CityFlo raises $750,000 in funding led by IDG Ventures

Bus aggregator start-up CityFlo has raised $750,000 in funding led by IDG Ventures, reports YourStory. The funds will be used for technology enhancement, talent acquisition and expansion in Mumbai. Founded in September by Jerin Venad, Ankit Agrawal, Subhash Sundaravadivelu, Rushabh Shah, Advaith Vishwanath and Sankalp Kelshikar, CityFlo is a public transportation startup which operates in 10 routes in Mumbai and claims to have over 85 buses and an average of 2,200 seats booked everyday. At present, it charges Rs 3 per km.

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PayTunes raises funds from CIO Angel Network

Mobile advertisement platform PayTunes raised an undisclosed amount from CIO Angel Network lead by Sanjay Mehta and Anoop Mathur, reports ET Tech. The funds will be used for technology enhancement, expanding user base and marketing.

Founded in October by Divya Pratap Singh, Rakesh Sehgal and Gaurav Tiwari, PayTunes replaces the user’s ringtone with ad jingles and the user in-turn gets points for every incoming call which can later be redeemed for free recharges and bill payments. The company claims to have over 10,000 users so far.

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Shirsa Labs raises $250,000 from Ah! Ventures

Game-Based EdTech Startup Shirsa Labs raised $250,000 in angel funding from ah! Ventures, reports Vccircle. The deal was advised and syndicated by ah! Ventures and concluded by its private equity investment platform CLUB ah. The funds will be used for talent acquisition. Founded in 2013 by Sukhada Tendulkar and Mandar Desai, Shirsa Labs uses activity-based learning for children aged 6-13.

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FindYahaan raises funds from Brand Capital

Online skills and services marketplace FindYahaan has raised an undisclosed amount from Times Group’s Brand Capital, reports iamwire. The funds will be used in marketing activities. Founded by Rachit Mathur and Snehil Khanor in 2013, FindYahaan connects skilled professional and home businesses to their target customers by providing them a location-based search platform. The startup claims to have more than 4 lakh users, over 10,000 suppliers and around 2 lakh app downloads.

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  • Solving micro-loan is a multi billion dollar industry in India and solving is complex. Kudos to LoanBaba.