LinguaNext Technologies, a company that has developed technology to convert business software into any local language has raised an undisclosed amount from Helion Ventures.
The company which has offices in San Jose, US and Pune has institutions such as Reserve Bank of India, TCS, Wipro, State Bank of India, Punjab National Bank and German software maker SAP as clients. It will use the funds to expand its international operations, hire people and scale its mobile platform. Linguanext is working with leading mobile OEMs and mobile application providers to allow availability of applications and content in non-English languages.
Internationally, the company is looking specifically at US and Japan as prospective markets. They provide localization solutions for products built on Oracle or SAP, apart from software for banks, HR, reports, mobile and even has an offering for cloud based software. Its technology can translate software to 18 Indian and 15 foreign languages, including Chinese, Japanese, Korean, Arabic and European. The company had strengthened its presence in India earlier by acquiring Image Point in 2010 for an undisclosed amount.
Chennai-based subscription billing service Chargebee has raised $800,000 from Accel Partners, reports TechCrunch. Launched in 2011 by a four member team (KP Saravanan, Krishnamoorthy Subramanian,Rajaraman Santhanam and Thiyagarajan T), Chargebee offers subscription billing and recurring billing solutions for online applications.
Its solution can automate recurring billing, track the number of subscribers, manage trial periods and customer invoicing, send automated email notifications to customers on specific events like end of trial and subscription renewal among others, through these solutions. Chargebee had earlier raised $350,000 angel funding in 2011 from undisclosed investors in US.
At present, ChargeBee has around 500 paying clients from 10 different countries including the US, the UK, Canada, and Australia. It processes transactions to the tune of $1.6 million every month.
Price comparison service PriceBaba has raised an undisclosed amount from 500 Startups’s India focused fund 500 StartupWallah and is looking to raise $3 million overall in Series A, reports Startup Central.
It had earlier raised an undisclosed amount of seed investment from five investors in early 2013, led by Pune based angel investor and entrepreneur Karamveer Singh and participation from other investors Dinesh Tejwani of Fast Fact Computer Systems (acquired by Thomson Reuters), Aditya Mishra (Founder & CEO, SwitchMe.in), Ashutosh Rathi (Basil Partners) and Ranjeet Walunj of The Service Solutions. The company was also part of 500 Startups’ spring 2013 batch. The report says Pricebaba has secured a total investment of $100,000 until now.
Pricebaba offer consumers pricing and availability status of mobile phones from local stores around them. Last September, the company had also started providing store-level pricing for mobile phones in select stores in Mumbai. It is currently present in six cities (Bangalore, Delhi, Noida, Gurgaon, Pune and Mumbai) and claims to be clocking half a million monthly visitors.
While there are a plethora of price comparison sites like MySmartPrice, CompareIndia,FindYogi, Buyt.in, CompareRaja, PriceDekho, BearShop, ShoppingWish.in, BuyingIQ and a new price comparison site popping up every week in the country, its worth noting that PriceBaba differs from these sites by taking the offline approach i.e. providing price comparison for mobile handsets from offline retailers. As far as offline approach is concerned, JustDial has also adopted a similar approach with Search Plus and they have been educating shopkeepers on how they can sell their products via their site.