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Updated: Funding Digest: Giftxoxo.com, Zoomcar.in, Vaultize, Zumbl.com

Giftxoxo logo

(By Apurva Chaudhary & Vikas SN)

Online gifting platform Giftxoxo.com has raised an undisclosed amount in angel funding from Mumbai-based Kshatriya Ventures, reports NextBigWhat. Naveen Gautam Kshatriya from Kshatriya ventures will join the board of the company post funding. The funds raised will be used to expand its operation in Mumbai and Delhi, and to hire talent.

Giftxoxo.com was founded in 2012 and claims to have 150 clients across India including Flipkart, Jabong, Yebhi, MakeMyTrip and Dominos, among others. It provides personal as well as corporate gift products in categories such as occasions, flowers, cakes, chocolates and gift vouchers, among others.

Other players in this space include Giftbig.com, Giftology.com, Badhai.in, and Giftcart.com among others. Flipkart recently started accepting International credit cards allowing international users to send gifts to friends and family in India. In April 2013, Facebook had rolled out Facebook Gifts in India, thus allowing Facebook users in India to send offline gifts to people in the US. However, it doesn’t allow users to send gifts to users in India.


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Bangalore-based Car sharing service Zoomcar.in has raised $200,000 from angel investor Raj Kumar Elango, reports TechCircle. The company plans to use the funds raised for down payment of new cars and for tech development.

Prior to this, Zoomcar.in had raised $30,000 angel funding from former US treasury secretary Larry Summers last month and had raised $215,000 from Empire Angels (New York, US), Lady Barbara Judge and several other angel investors in May 2013.

Zoomcar.in is a membership-based car sharing service, which allows users to book cars on a hourly or a daily basis and drive them anywhere in the country. However, the user will have to drop the vehicle back at the same place from where the vehicle was picked up. The site currently offers a web-based reservation system and mobile apps across iOS and Android.

Zoomcar.in currently has two sites in Bangalore (Malleshwaram and JP Nagar) and plans to open its third site Central Bangalore next week, as indicated by the report. Last month, it had mentioned plans of expanding to Mumbai and Delhi by the end of this year and later to other cities like Chennai, Hyderabad and Pune. Zoom claims to have 30 cars at present, up from 19 cars last month. This includes the likes of Ford Figo, Mahindra Scorpio and BMW 3 Series cars.

It offers various packages depending on the car chosen by the user. For instance, the Ford Figo costs Rs 199 per hour or Rs 1999 per day, while the Mahindra Scorpio costs Rs 249 per hour or Rs 2499 per day and the BMW 320D costs Rs 1249 per hour or Rs 12,499 per day. These rates include fuel, insurance, car maintenance costs and tax. We also noticed that the BMW car requires a refundable security deposit of Rs 10,000, although other cars don’t require any such deposit.


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Vaultize Logo

Pune-based Enterprise file sharing and data sync service Vaultize has raised undisclosed amount of funding from Tata Capital Innovation Fund. The company plans to use the funds raised to expand its operations to USA and Europe, along with its channel partners. It also plans to use the funds raised to strengthen its sales, marketing and engineering teams and improve its global partner program.

Vaultize offers a enterprise file sharing platform which has features like Secure EndPoint Backup, EndPoint encryption, ability to access data across various mobile devices and tablets securely, data privacy and support for Google Apps backup among others.

It also offers various deployment options like public cloud deployment, private cloud or on premise deployment and cloud in a box appliance. The company offers these services through various plans starting at $3 per device per month, going up to $7 per device per month. It also charges $1 per 10 GB storage with a minimum 50GB subscription.

Source – PRNewswire


Online chat platform Zumbl.com that allows one to chat with strangers  has raised $20,000 (~Rs 12 lakh) from Snapdeal co-founders Kunal Bahl and Rohit Bansal, reports Techcircle. It appears that the funds were raised some time ago and Zumbl co-founder, Abhishek Gupta, said to the publication that the funds raised were used for hiring talent. Note that Zumbl was also incubated at Digital Media Zone, Toronto and had raised $20,000 from the incubator.

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Zumbl allows one to login through their Facebook or Google account. One can then tag themselves with tags such as friendly, shy, interesting, etc. The chat platform allows one to hide their real names while chatting with others and instead relies on avatar as one’s identity. One can also give such tags to other members while chatting. Over the time, the platform will create badges of one’s tags as identity.

In July 2013, the company also released mobile app for smartphone platform such as Android and iOS.

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