BetaGlide, a cloud-based app testing platform from India has won $1 million at the Rice University Business Plan Competition (RBPC). The prize money was sponsored by Houston-based VC firm Mercury Fund.
In a statement the company said that it will use the funds for research and expansion. They will be awarded in the form of an equity structure, and the BetaGlide team will move to its new headquarters at Bay area in June, according to NextBigWhat.
Mercury Fund had planned to invest $100,000 in BetaGlibe, but the fund’s director Aziz Gilani altered the check and added a zero, thus increasing the amount to $1,000,000, based on commitments from various investors to participate in their subsequent funding round.
BetaGlide was founded last year by an IIT Kharagpur graduate Amritanshu Anand and it provides a platform to monitor an Android app’s performance. The service allows developers to gather real-time information about system usage and app behavior, that can be used to improve an app’s stability and performance.
BetaGlide was earlier mentored by the local chapter of The Indus Entrepreneurs (TiE) and was among the startups chosen by Tlabs incubator for it’s Fall 2013 Batch.
iKure wins $20,000 funding from WISH foundation
iKure Techsoft, which offers tech solutions healthcare services in rural areas has won a funding of $20,000 (Rs 12 lakh) from WISH foundation, reports TechCircle. The company plans to use the funds for expansion and intends to raise more funds to achieve this goal.
iKure Techsoft has developed solutions for collecting healthcare data in villages using either computers or mobile phones. 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.
It had earlier raised Rs 70 lakh from the Japanese impact investment firm ARUN LLC, Mumbai Angels and angel investors from the Intellecap Impact Investment Network, last month. It also received investment from IIM Ahmedabad’s Centre for Innovation Incubation & Entrepreneurship (CIIE) and Village Capital in October 2013 and had secured an undisclosed amount of 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. iKure had also received grant funding from Indian government’s Micro, Small & Medium Enterprises in 2011 and seed funding from West Bengal Electronics Industry Development Corporation Limited (WEBEL) in August 2010 in the form of soft loan & equity.