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Funding Roundup: Touristlink, TravelKhana, iKure Techsoft & Edsix Brain Lab

Financial education company IndianMoney has raised an institutional round of funding from Hyderabad Angels. The company was founded in 2008 by CS Sudheer, and in May 2011, raised angel investment from RavindraKrishnappa and ShekharKirani. The site has a team of Financial Advisers who provide free on-call advice and education to consumers on their financial needs. Pradeep Mittal, former head of Magna Infotech’s Indian operations and Srini Koppulu, former managing director of Microsoft India lead this investment of Hyderabad Angels. Mittal joined the Board of IndianMoney.com representing Hyderabad Angels. IndianMoney.com plans to use the funds for upgrading their current technology platform along with marketing and branding. Social travel marketplace Touristlink has raised undisclosed amount of seed funding from the African accelerator 88mph.ac and a group of private investors, reports NextBigWhat. The company plans to use the investment raised for developing the website and launch its operations in the African market. A part of its African strategy seems to be organizing the fragmented Safari market by aggregating offerings from several tour operators to its platform and allow users to review these offerings, talk about it with their friends and make reservations, as indicated by a Tnooz report. Launched in November 2011, Touristlink allows travelers to interact directly with local tour operators for arranging their trips and also meet similar travelers and locals from that specific place. It claims to have signed up more than 5000 tour operators and 50,000 travelers and listed more than 950 tours and activities on its website. It also claims to have clocked revenues of $96,000…

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