Teabox raises fresh funding
Teabox, an online tea seller, has raised an undisclosed amount of funding from Cameron Jones, a Singapore-based angel investor, reports VCCircle. It has also raised venture debt from DBS Bank. The company will use the funds for its global expansion plans. Teabox has also hired Amit Sharma as Chief Technology Officer and Nicole Naumoff as Senior Vice President of marketing. The company claims to have worked with about 200 plantations in Darjeeling, Assam and Nepal and to have delivered over 35 million cups worth of tea to customers in 94 countries.
Kickstart Jobs gets funding from ah! Ventures
Kickstart Jobs, a Gurgaon-based talent acquisition platform, has raised an undisclosed amount of investment in its seed funding round from ah! Ventures, reports VCCircle. The round also saw participation from Vivek Joshi (founder of Wyzen Tech), Mohit Satyanand (Chairman of Team Works Art), Amit Banati (President, Asia Pacific at Kellogg’s) and Arun Khanna (President, Asia at Dun and Bradstreet). The company manages talent acquisition focusing on the blue- and grey-collar workforce. It is operational in Delhi, Noida and Gurgaon and claims to have registered 5,000 candidates, enlisted about 3,000 vacancies, conducted more than 2,000 interviews. It also claims to have posted a month-on-month growth of 100% in the number of candidates scheduled for interviews via its platform.
U2opia Mobile plans to invest $3 million in start-ups
U2opia Mobile, a Singapore-based telecom solutions provider, will be investing $3 million (approx Rs 20 crore) in the next three years in start-ups which are working on mobile technology, reports IANS. All teams will be incubated and supported for a period of six months and provided with technology infrastructure, working space, brand and marketing support, management and financial covers, under the programme.
PayTunes raises $500k funding from CIO Angels, IAN & others
PayTunes, a mobile advertising platform, has secured almost $500,000 (Rs 3.35 crore) in a pre-Series A round funding that was jointly led by existing investor CIO Angel Network and the Indian Angel Network (IAN), reports YourStory. Apurva Parekh, executive director at Pidilite Industries Ltd, and serial entrepreneur-turned-angel investor Sanjay Mehta also participated in this round. The company will use the funds to expand its sales and product marketing. IAN members Vishal Khare and Rajeev Arora led this round of investment on behalf of the angel network and will join the company’s board. PayTunes helps brands reach their mobile consumers through audio ads by replacing the ringtones of users’ mobiles with ad jingles. And it allots reward points to users on every incoming call, which can later be redeemed through free recharges and bill payments. The company is working with about 25 advertising agencies and claims to have run campaigns for Nissan Motors, Vodafone, Saavan.com and Amazon, among others. It is present in Delhi-NCR, Uttar Pradesh, Gujarat, Mumbai-Pune, Rajasthan and Bihar regions.
ePaylater raises $2 million
Epaylater, a fin-tech start-up, has secured $2 million (Rs 13.3 crore) in seed funding from three High Net worth Individuals (HNI), reports VCCircle. The company will use the funds for product development and marketing. Epaylater assigns a credit limit to a customer based on their credit history and buying patterns on e-commerce platforms, digital footprint and device information. It gives customers the option to ‘buy now and pay later’ on online portals. The company charges a commission per transaction from the merchant. The firm claims to be working with some of the leading e-commerce players.
Kyazoonga raises undisclosed amount in funding from Ratan Tata
Kyazoonga, an e-ticketing start-up, has received an undisclosed amount from Ratan Tata, chairman emeritus of Tata Sons, reports The Economic Times. The company will use the funds to expand into international markets including the United States, West Asia, Pakistan and the Caribbean Islands. Kyazoonga provides ticketing services for sports and entertainment events.