TVS Automobile Solutions invests in 3 startups
TVS Automobile Solutions (TVS ASL) has invested in Jazzmyride, Autosense and Redsun as part of its digital initiatives to provide digital business solutions to vehicle and component manufacturers, reports The Economic Times. The company stated that it has invested about Rs 75 crore in tech start-ups so far and expects revenues of Rs 250 crores from these businesses in the next three years. Jazzmyride is an online seller of car and bike accessories.
Sminq gets funding from Blume Ventures & Saama Capital
Sminq, a Pune-based queue management app, has raised $1 million (around Rs 6.7 crore) in funding from Blume Ventures and Saama Capital, reports VCCircle. Angel investor Vaibhav Domkundwar also participated in this round. The company also informed that Suresh Shanmugham, co-founder and managing partner at Saama Capital, will join the company’s board. The company will use the funds to get more services on the app and improve its technology offering. Sminq provides users with real-time information on queues and claims to have about 40 paying doctors using the app for their clinics in Pune. The company charges a fee to be listed on Sminq and claims to drive 6,000 user bookings a month for clients.
GoBolt raises pre-Series A funding from MCube8
GoBolt, a logistics technology startup, has raised an undisclosed amount in pre-Series A funding from MCube8, a division of financial advisory firm MCube Capital, reports VCCircle. The company will use the funds for business and technology development. GoBolt provides transportation solutions like vehicle selection, route and delivery planning, real time tracking, and reduced transit time to its clients. It serves e-commerce, pharma, automobile, food processing companies, consumer goods makers and white goods manufacturers. The company has both owned as well as aggregated trucks and claims to be doing 1000-plus trips a month. It claims to have more than 600 trucks on its platform and provides its services across more than 35 cities.
EdTechReview raises pre-Series A funding
EdTechReview, a Delhi-based education technology platform has raised an undisclosed amount in a pre-Series A round of funding from EVC Ventures, reports VCCircle. The funding round was led by Anjli Jain, managing partner, EVC Ventures. The company will use the funds to expand in different cities. EdTechReview is a media platform for educational stakeholders to find useful news, information and resources on educational technology. It claims to be serving over 60,000 subscribers globally, working with over 1,000 K-12 and higher education institutions and over 100 ed-tech startups and companies worldwide. It also claims to have readers from across the globe with over 200,000 visitors per month.
CureJoy raises $4.4M in series A funding
CureJoy, an online community that connects users with alternative medicine experts, has raised $4.4 million in Series A funding, reports VCCircle. The funding round was led by its existing investor Accel Partners India and several other individual angels also participated in the round. The company will use the funds to grow its healthcare verticals focusing on fitness, beauty and nutrition and create small business units across six-seven sub-verticals including yoga, pregnancy, recipe etc. It will also use the funds to strengthen its team and build a strong tech infrastructure with advertisement-based revenue streams around video content. The company claims that 42% of its users come from the US, 20-25% from other Western countries, 19% from India, and the remaining from the rest of the world.