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Funding digest: SwiftShift raises funding from IAN; DocTree from S4 Holdings; CropIn from Ankur Capital

swiftshiftUK-based workforce management startup SwiftShift has raised an undisclosed amount of funding from Indian Angel Network (IAN).

Founded by Dan Sandhu and Assaf Shalvi in 2012, the company has developed a solution that allows companies to quickly fill short-notice shifts using their own staff through SMS, email and mobile technologies. It creates a matching algorithms to create a regional employee bank letting workers to accept shifts across multiple locations.

IAN invests up to $1 million in startups at an average of about $400,000 to $600,000. IAN has now set up a UK chapter and this is the first investment it made in the region. Tax advisory firm KPMG said that it is becoming a corporate partner to provide support services for IAN’s UK chapter. IAN has previously invested across geographies including Sri Lanka, Canada, France and Hong Kong. It has a portfolio of 100 plus companies across multiple sectors like IT, mobile, healthcare and education, gaming, hospitality, semiconductor, and social media.

The announcement, follows a reception for the IAN investor group at Number 10, Downing Street earlier this week, attended by British Prime Minister David Cameron and senior ministerial colleagues Vince Cable, Matthew Hancock and Oliver Letwin. Hindustan Times reports that Indian companies are now the fifth largest investors in the UK and more than 50% of Indian investment into Europe goes to the UK.



Online healthcare marketplace DocTree has raised an undisclosed amount of funding from S4 Holdings, according to VCCircle

The company plans to use the funding to expand its operations to other markets in South India. In the near future, it will start offering medical tourism services, apart from helping patients get financial aid for operations. Doctree will also expand its manpower from 15 to under 100 by the end of the year.

Founded by Dr Sreenivasa Narayana and Madhava Hegde, the service lets you select the speciality you want consultation in, then the procedure and finally asks you for medical history so that it can offer you all the details you need regarding the treatment. DocTree also has a knowledge branch that has information on medical treatments you might need.

Dr Narayana says it has a revenue of Rs 0.8 crore for FY 2014 and it charges an annual fee of Rs 6,00 0 and Rs 12,000 from doctors registered on its network.


CropIn LogoCropIn, a company that provides technology solutions to various agricultural businesses along a range of products in farm management segment has raised undisclosed amount from Ankur Capital, reports Economic Times.

The company currently offers a cloud-based platform, ShopMyFarm, as a service to contract farming companies, food processors, exporters and retailers which offers advice on irrigation/nutrient requirement, market and new crop trends and weather updates as well as allow companies to remotely keep track of their contract farms. CropIn currently charges Rs 500 per acre per crop per season and claims to currently manage around 10,000 acres from customers like PepsiCo, Field Fresh, Bharti-Walmart,  Olive Life Sciences, Omnikan among others.

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ