wordpress blog stats
Connect with us

Hi, what are you looking for?

Funding Digest: Zoutons, Klip.in, Langhar

Delhi based coupon aggregation platform Zoutons has raised Rs 20 lakh in seed funding from 3.14 Digital about a month ago, reports iamwire. The funds raised will be used to enhance the technology.

It should be noted that 3.14 Digital also incubated the company. Launched two months ago, Zoutons helps users to locate deals & coupons and provides coupons and deals from around 1000 companies like Jabong, Myntra, Snapdeal, among others. According to the report, it has tied up with around 6-7 ad networks and charges a 10-15% share on every transaction made through its platform.

****

Smursh Ecommerce which runs Klip.in, a social discovery and curation tool for e-commerce, has raised an undisclosed amount of funding from members of Mumbai Angels and other angel investors. While the amount raised by the company was not disclosed, the investment is pegged between Rs 25 to 50 lakh. Investors include Anirudh Damani, Arihant Patni, Aseem Chauhan, Chintaka Rantatunga, Jeffrey Keng Yew Lai, Manoj Gupta, Ravi Kiran, Sanjay Mehta and Shravan Shroff. The funds will be used for product improvement (it recently revamped its UI) and to build its tech and marketing resources.

Maneesh Madambath, co-founder at Klip informs us that the funds raised is part of the earlier funding round in July 2013, where it had raised an undisclosed amount of funding from VentureNursery. Note that Klip is also a  season 2 graduate from VentureNursery’s acceleration program that concluded in April 2013.

Advertisement. Scroll to continue reading.

The company had also changed its monetization strategy. It does not sell any products from its website  and the tie ups with the vendors mentioned above are no more. Klip is now focusing on product discovery on categories such as fashion, home and lifestyle. It has also removed books and mobile section from the website.

****

Langhar, a platform that helps users discover food cooked by people in their homes, has raised  $150,000 funding after winning ARK Challenge, held every year at Northwest Arkansas. Langhar is also a graduate from TLabs’ Spring 2013 batch ,which also invested about $20,000 (Rs 10L) in this venture. It also claims that it’s generating roughly $2,000 per month in individual subscriptions and $10,000 each quarter for business subscriptions. Currently the service operates only in Delhi.

The company intends to build a community and marketplace for anyone who is interested in cooking and earning out of it. People interested in trying new and different food can get touch with these cooks on Langhar and dine at their place. It is unclear how far have they looked into the safety of going to a stranger’s home to dine. It provides web or mobile access to home cooked meals for pickup, delivery or dine-in experience in the chef’s home.

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

News

This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

News

It is widely argued that the PDP Bill report seeks to discard the intermediary status of social media platforms but that may not be...

News

Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ