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 as of June 2013, up from $25,000 in January 2013.
New Delhi based TravelKhana.com has raised an undisclosed amount of investment from Palaash Ventures and few individual investors including Axind Software CEO Matteo Chiampo, reports TechCircle citing a source close to the development. Note that this investment has neither been confirmed by Palaash Ventures or TravelKhana. TravelKhana CEO Pushpinder Singh has told the publication that they are currently in “healthy discussions” with investors while Palaash Ventures declined to comment.
Prior to this, TravelKhana had raised Rs 35 lakhs from Chiampo and the company was looking to raise Rs 2 crore investment from venture capital firms, as indicated by The Wall Street Journal.
Started in August 2012, TravelKhana allows railway passengers to order food online and over the phone, which is then delivered to them when the train reaches a specific station. One can order food by providing journey details like date and starting & ending stations or by searching for restaurants based on train PNR number, browsing through the restaurant menu and placing their orders. It claims to have tie-ups with more than 200 restaurants and caterers across 80 railway stations and claims to have served over 1 lakh orders at the time of writing this article. (more on TravelKhana here)
IIM Ahmedabad’s Centre for Innovation Incubation & Entrepreneurship (CIIE) and Village Capital has invested an undisclosed amount of investment in the rural healthcare provider iKure Techsoft Pvt Ltd and education gaming company Edsix Brain Lab Pvt Ltd, reports TechCircle.
Both the companies were the winners of the CIIE and Village Capital’s joint initiative Technology for Impact Accelerator, as part of which it had initially received $100,000 in pre-committed capital and an additional $50,000 investment as winners. iKure had also raised an undisclosed angel investment from Sony Entertainment Television co-founder Jayesh Parekh and Nandan Maluste, who led the investment as part of Intellecap Impact Investment Network (I-cube-N) in February 2013.
Founded in 2009, iKure aims to offer primary health care facilities in rural areas by setting up Rural Health Centers (RHCs) with a team of MBBS doctors, pharmacists and health officers. Some of its RHCs include Jadavpur, Surul and Dwaronda in West Bengal.
It also offers medical products like WHIMS (wireless health incident monitoring system) which allows medically trained health workers to send patient data to a hospital or a clinic-based doctor for diagnosis & medical advice and TekNDent, a patient management software for dentists.
On the other hand, Edsix develops online and offline educational games and brain skill games catering to an age group of 4 to 14. It claims to have developed more than 200 games till date and offers more than 1000 exercises and downloadable worksheets on its website.