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Funding digest: BetaGlide, iKure Technosoft

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…

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