wordpress blog stats
Connect with us

Hi, what are you looking for?

Funding Roundup: iKaaz, Eashmart And OurHealthMate

ikaazMobile payments solution provider iKaaz has raised undisclosed amount in seed funding from a group of investors lead by Ananda Kallugadde. The company will use the money raised to expand its operations across India and Africa.

iKaaz has an offering called Tap & Pay that lets you make payments from a mobile wallet using NFC. Customers can add an M-Pin for added security while using this form of payment. The company sets up NFC tags at PoS terminals and has wallets, so enterprises can accept payments using NFC. Devices that don’t have NFC can use the company’s app for paying utility bills, transferring money to bank and recharging mobile phone. Read more about the iKaaz here.



Recharge and utility payment website Cobboc, has received undisclosed amount of angel funding for mobile POS payment system Eashmart from CIIE, IIM Ahmedabad’s incubator, and two unnamed angel investors, reports StartupCentral. The company will use funds raised for further technology development and market education.

The app works like this – when you order food over phone, you can tell them you’ll pay via the service. Eashmart will send a pin to your phone which needs to be shared with the delivery person. The money transfer is made through Eashmart’s payment gateway, but it’s not clear if the company stores the card details, or how it works around 3D secure, or at which point the customer needs to enter those details. The company is pitching themselves as competition to portable swiping machines for which business need to pay a monthly fee to banks. It competes with services such as Ezetap and Prizm which are basically clones of Square.


Advertisement. Scroll to continue reading.

ourhealthmateOurHealthMate, an online platform targeted at NRIs to manage and monitor their family’s healthcare, has raised $440k in seed funding from several angels led by Bimal Shah. The company will use the funds to expand across Asia, and recruit 6-16 people into their teams across India and Singapore.

The company was incubated in the JFDI accelerator in 2013 and completed the programme in December 2013. The service has been used by 2,000+ doctors in 700+ medical centres located in 50+ cities spread across India. An additional 30 hospitals are joining each week.

Written By

I'm passionate about technology and gaming. You can follow me <a>@chupchap</a>

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



India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...


There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data


Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.


The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.

You May Also Like


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...


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...


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...


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
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